RibbitRewards(RBR) pump brought to you by Max Keiser

[cryptic4000]

Max Kaiser’s BitcoinCapital invested in RibbitRewards (RBR) (https://bnktothefuture.com/pitches/2793/_ribbit-me-a-universal-loyalty-solution-built-on-blockchain-technology.html). I wouldn't believe this funding amount 1.5 Million USD. Although I agree RBR development team is legit they could not convince western investors but only some unknown Dubai based property developer. Maybe the concept does not have much potential. I suspect Max Kaiser is behind this pump. You have been warned.

I have been following RBR since late 2014. The founders of the coin are real, but they did some shady things. They announced airdrop of 100 million coins during late 2014 but that never happened. IMO, maybe they airdropped max 5 million coins. Out of 100% premined RBR, I suspect they are holding more than 80% and liquidated rest on exchanges. Mining feature for RBR was added late last year and again majority of 100 million RBR mined went to their own pockets. Also some founding members left the team.

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[Dogedigital]

I was having trouble making sense of Ribbit rewards myself.

A lot of the things just don't add up and I'm worried that they may have just bought news article publishing and a fake website to make it seem like they have all this capital in anticipation of a pump so they can just dump on everyone with their premine. 

[cryptic4000]

I was having trouble making sense of Ribbit rewards myself.

A lot of the things just don't add up and I'm worried that they may have just bought news article publishing and a fake website to make it seem like they have all this capital in anticipation of a pump so they can just dump on everyone with their premine. 

Their website is not fake. But they are exaggerating their funding amount. When they dump their premine, people are going to lose money.

[solid12345]

Although I agree RBR development team is legit they could not convince western investors but only some unknown Dubai based property developer. Maybe the concept does not have much potential. I suspect Max Kaiser is behind this pump. You have been warned.

Devil's advocate, most wealthy people in the world are unknown to most people, and $1.5 million is not alot of money anyway in the grand scheme of things.

[Dogedigital]

I guess.  Oh well. Not like 6.5 bitcoin dumps are going to happen 

[solid12345]

I guess.  Oh well. Not like 6.5 bitcoin dumps are going to happen  

I'm not a fan of Keiser but people give him too much credit. I think the guy is financially well-off enough along with hosting a TV show that he has better things to do than play around on bittrex snatching a few Bitcoins from kid's lunch money. If RBR starts bringing in thousands of BTC volume then maybe we can raise suspicions.

[topcat363]

Although I agree RBR development team is legit they could not convince western investors but only some unknown Dubai based property developer. Maybe the concept does not have much potential. I suspect Max Kaiser is behind this pump. You have been warned.

Devil's advocate, most wealthy people in the world are unknown to most people, and $1.5 million is not alot of money anyway in the grand scheme of things.

and this wasnt even a pump... the volume was not over the top. there was no dump.
there is zero manipulation. this project seemed dead then they secured their 1.5 million that is why people are buying back in.

also a ton of coins are lost on cryptsy so supply is limited

[BitcoinHodler]

I was having trouble making sense of Ribbit rewards myself.

A lot of the things just don't add up and I'm worried that they may have just bought news article publishing and a fake website to make it seem like they have all this capital in anticipation of a pump so they can just dump on everyone with their premine. 

Their website is not fake. But they are exaggerating their funding amount. When they dump their premine, people are going to lose money.

how much is this premine that we are talking about?

[cryptic4000]

I was having trouble making sense of Ribbit rewards myself.

A lot of the things just don't add up and I'm worried that they may have just bought news article publishing and a fake website to make it seem like they have all this capital in anticipation of a pump so they can just dump on everyone with their premine.  

Their website is not fake. But they are exaggerating their funding amount. When they dump their premine, people are going to lose money.

how much is this premine that we are talking about?

Out of total 600 M coins, 500 M premined and 100 M from mining.

[BitcoinNational]

sub-related :

Why are the Max coins so floppy?

Of anyone that could pump it to the moon ... has connections to deep pockets ... and all he has to do is give a wink and a nod to some stooge to be his mouth piece and then cleverly reference the coins on his shows.

[shanem]

I don't even trust Max Keiser coin now. Now nobody goes for his coin anymore. The popular coin is to be Ethereum and its clones.

All other coins have lost favour.

[cryptic4000]

Although I agree RBR development team is legit they could not convince western investors but only some unknown Dubai based property developer. Maybe the concept does not have much potential. I suspect Max Kaiser is behind this pump. You have been warned.

Devil's advocate, most wealthy people in the world are unknown to most people, and $1.5 million is not alot of money anyway in the grand scheme of things.

and this wasnt even a pump... the volume was not over the top. there was no dump.
there is zero manipulation. this project seemed dead then they secured their 1.5 million that is why people are buying back in.

also a ton of coins are lost on cryptsy so supply is limited

RBR founders could not raise $ through US based angel list investment platform. Bnktothefuture is not a trusted investment platform. They fund speculative crypto projects eg, STORJ raised 500K thru them. BNK TO THE FUTURE (HK) Limited is incorporated and registered in Hong Kong. Do your own research before getting excited about $1.5M fund.