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Author Topic: [ANN] Lykke - Trade Bitcoin, Ethereum, FX and Digital Assets  (Read 123969 times)
RustyShackleford1950
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July 10, 2017, 12:52:54 PM
 #1721

we have some issues with creditvouchers, the deposit is no longer working. they may have changed something on their site.

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playingpoodles
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July 11, 2017, 03:32:25 AM
 #1722

I've been warning people for two weeks LKK was overvalued and will correct down.  Now it's down to 27 cents. Now given the altcoin sell off which I warned of has been faster and harder than I anticipated, I can see LKK shooting down below fair value, theoretically even below 10 cents, but certainly 10-15 range.

Good points. I think we agree then that LKK is overbought and correcting down? Only question is how far?

I wouldn't say I agree, because I personally always try to look at something out of different perspectives. There is the perspective on the status quo, what I said in my last two posts, and then yes: it's valued too high. But also important: I don't know of any blockchain-project that is not overvalued if only focused on the status quo.

More realistic and also more rational in my opinion is to focus on the question of future-potential. And of course that is about the question if the concept of Lykke has potential as profitable usecase, and if the team has all what's needed to realize it. I believe yes, but of course we are not speaking about facts. Investing is about anticipating the future.

If we focus on the market-situation right now: I don't think that it's possible to predict short-term moves and that is also very connected to the whole situation in this space, especially Bitcoin is likely to be a rollercoaster until the situation becomes more predictable again (in whatever way, split-scenario included) and of course that will/would have impact on all markets. It already has impact - high volatility and uncertainty on all markets that have some volume.

Quote
 
I'm not ill disposed to Lykke, I picked it up in that period when it was floating around issue price for a couple of months.

My issue is, not everything is necessarily up to the Lykke team. Whether and when US state regulators grant a license to a Swiss competitor to US incumbent Coinbase is very much up to those regulators, and I don't think Lykke help their chances when they skirt or flout lots of legal regulations like giving fiat money transfer to US and UK nationals without license approval. I am nervous at the push of Lykke to act like they're Coinbase already, everyone wants to act like Lykke's got regulatory authorisation, and Lykke sort of acts like it has, but really it hasn't.

Yes, absolutely right. Not everything is totally under control of the team and even if: Since everything is new, all teams have to learn a lot. But if a team is good, the unknowns are mainly about time-frames.

I'm not that uncertain about the question if it will be possible to get the necessary licenses because that doesn't seem to be that much about conflicting interests in general. Countries want to regulate, even if there is no clear path yet.

What is not the case is your impression that Lykke would act as if there already would be regulatory approval. US-citizen can't even download the App for example. Or Margin Trading: It's in demo-mode for most countries.

Again the most interesting question is how to look at limitations like that. One could say: Lykke is still very limited. Technically it's far from being finished (no limit orders yet, no web-based-terminal etc.) and regarding the regulatory status it's the same. Especially users could say "Lykke is not that attractive until now if compared with other exchanges" and I'm sure that many see it that way. At the same time it's already pretty nice to buy Bitcoin or ETH for example.

What would be a rational perspective of somebody who thinks about the question if LKK is a buy? My approach always was and still is not to overrate current limitations, but to find an answer on the question if I believe that current limitations will be overcome in future, because if yes: It's pure potential. That becomes obvious if we see it the other way around: If Lykke already would be fully developed, already would have all necessary licenses, but still only 20k users - something would be wrong then.

And sure, the question about future potential is about anticipation. That is why I always focus on teams, on the question if the people behind have everything what's needed. In case of Lykke:

- If Lykke gets all needed licenses, especially that is huge potential
- If Lykke releases limit orders - it already will make the whole platform much more attractive.
- If Lykke releases the web-based-terminal - same
- If Lykke adds more wanted assets - same
- If Lykke releases the debit card - same
- If Lykke is able to connect into the existing financial system - same

...and so on. With other words: If somebody believes that the team is able to deliver, all current limitations can be seen as future potential. If somebody has too much doubts about that, he will decide not to invest, at least not now.



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July 11, 2017, 06:52:33 AM
 #1723

we have some issues with creditvouchers, the deposit is no longer working. they may have changed something on their site.

The team is in contact with CV. I can't be totally sure right now but it seems as if the issue is on their side. Hopefully it's up again soon.



I've been warning people for two weeks LKK was overvalued and will correct down.  Now it's down to 27 cents. Now given the altcoin sell off which I warned of has been faster and harder than I anticipated, I can see LKK shooting down below fair value, theoretically even below 10 cents, but certainly 10-15 range.

Thing is that everything is down. If you look here, it's deeply red: http://coinmarketcap.com (only 3 exceptions in the top 100).

Kind of funny is that USDT is up above $1. That shows how much money flees into Fiat.

My personal opinion is: After the hype of the last months in the whole market, that totally ignored the trouble Bitcoin is still in, this is an overreaction into the opposite direction. Unfortunately it's very rare that Crypto moves "normal" ;-) But whatever scenario will realize in Bitcoin, finally things move and there is potential again. Bitcoin is still the biggest "money-mover" that gets Fiat into the markets or pushes it out.


Interesting article btw:

Countdown to SegWit: These Are the Dates to Keep an Eye On
https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/
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July 11, 2017, 10:33:31 AM
 #1724

Not true, LKK started selling off harder than the altcoin market as a whole. Now, yes, the whole market has joined in the fun. I mean, there's probably other things more overvalued than Lykke, my point is Lykke is one of the obviously overvalued coins (based on present lack of any regulatory approval and tiny userbase less than 12000).

Personally, I feel that Lykke management has a very, very high degree of control over the Lykke price because there are no limit orders, and so Lykke is the only entity taht can determine its own price - I believe that has  has been used to (manipulate OR stabilise, choose your preferred word) the LKK price and counteract the natural sell/downward pressure that exists. For example, often the system rewards purchase of LKK but penalises sale of LKK for USD - for example the more LKK you sell for USD the less USD per LKK you get, and the more LKK you buy for USD the more LKK you get per USD.

I think the manipulation to keep Lykke's price up against natural market sentiment is not going to work, there's more blood in store for LKK (and yes, like you say every other altcoin, everything except Bitcoin and USD).

I've been warning people for two weeks LKK was overvalued and will correct down.  Now it's down to 27 cents. Now given the altcoin sell off which I warned of has been faster and harder than I anticipated, I can see LKK shooting down below fair value, theoretically even below 10 cents, but certainly 10-15 range.

Thing is that everything is down. If you look here, it's deeply red: http://coinmarketcap.com (only 3 exceptions in the top 100).

Kind of funny is that USDT is up above $1. That shows how much money flees into Fiat.

My personal opinion is: After the hype of the last months in the whole market, that totally ignored the trouble Bitcoin is still in, this is an overreaction into the opposite direction. Unfortunately it's very rare that Crypto moves "normal" ;-) But whatever scenario will realize in Bitcoin, finally things move and there is potential again. Bitcoin is still the biggest "money-mover" that gets Fiat into the markets or pushes it out.


Interesting article btw:

Countdown to SegWit: These Are the Dates to Keep an Eye On
https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/
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July 11, 2017, 11:48:41 AM
 #1725

Not true, LKK started selling off earlier and faster than the altcoin market as a whole. Now, yes, the whole market has joined in the fun. I mean, there's probably other things more overvalued than Lykke, my point is Lykke is one of the obviously overvalued coins (based on present lack of any regulatory approval and tiny userbase less than 12000).   

1) Maybe check the market again:

- whole market peaked on June 20 while it already became shaky about 1 week before: http://coinmarketcap.com/charts/
- ETH peaked at June 12, Ripple on May 17, etc.

LKK had it's peak on June 20 and started to fall later than most of the others.


2) To point on "lack of regulatory approval" is a bit funny if you think about the question which projects are ahead on that front?

3) Number of users doubled in June and is > 20k


Quote
Personally, my sense is that the top echelons of Lykke (including Brother Number One, who is very rich and certainly can inject liquidity) of Lykke are intervening to try and hold LKK from crashing. You can see it in the high volume and sharp drop off, that has been temporarily leveled.

Interesting theories... But Lykke went down like others did and is simply following the market as a whole. You don't see that pattern in Bitcoin and others? Bitcoin goes down below $2200 and is above $2300 now, others also seem to find at least a temporarily base but in Lykke it's an intervention from "Brother number one"?


Quote
Believe me it's not going to work, there's more blood in store for LKK (and yes, like you say every other altcoin, everything except Bitcoin and USD).


Of course it can go down more. It also could go way more down for Bitcoin, because actually there is the reason for the whole uncertainty. But it's also possible that Segwit will be activated soon, that there won't be a split, that new money will flow into the whole market and so on.


The most important question is, whenever markets move hard and in whichever direction: Is it about the whole context or is it a certain reaction on a certain situation of a certain project. And the LKK price simply moves like it's usual these days in Crypto.
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July 11, 2017, 12:53:20 PM
 #1726

Here comes all the experts after the fact. Monday night QB give it a rest. Tempus don't waste your time the same people bashing will be pumping after lykke moves back up after the fact again.
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July 11, 2017, 01:05:49 PM
 #1727

2 - Coinbase is ahead, which actually operates its business within the law unlike Lykke which provides unlicensed fiat transfers. Coinbase has approval in most US states, UK, most of EU. Plus it has 6-10 million users versus Lykke's less than 12,000 (you say 20K?).The whole point of my argument that Lykke is overvalued is comparing its value to Coinbase's.

12,000 users is there in black and white in the latest Lykke annual report - can you give us a link for your 20K?

Look, each person can do what he wants. Lykke has only stopped plunging because someone (Lykke's extremely wealthy owner perhaps?) has been pumping lots of liquidity into it. Highly risky, especially if that doesn't stem the price decline.

I'll say it again, only place to be until Segwit 2x activates on 1 August and Bitcoin's future becomes clear in the fortnight after that is in USD or Bitcoin.

Not true, LKK started selling off earlier and faster than the altcoin market as a whole. Now, yes, the whole market has joined in the fun. I mean, there's probably other things more overvalued than Lykke, my point is Lykke is one of the obviously overvalued coins (based on present lack of any regulatory approval and tiny userbase less than 12000).   

1) Maybe check the market again:

- whole market peaked on June 20 while it already became shaky about 1 week before: http://coinmarketcap.com/charts/
- ETH peaked at June 12, Ripple on May 17, etc.

LKK had it's peak on June 20 and started to fall later than most of the others.


2) To point on "lack of regulatory approval" is a bit funny if you think about the question which projects are ahead on that front?

3) Number of users doubled in June and is > 20k


Quote
Personally, my sense is that the top echelons of Lykke (including Brother Number One, who is very rich and certainly can inject liquidity) of Lykke are intervening to try and hold LKK from crashing. You can see it in the high volume and sharp drop off, that has been temporarily leveled.

Interesting theories... But Lykke went down like others did and is simply following the market as a whole. You don't see that pattern in Bitcoin and others? Bitcoin goes down below $2200 and is above $2300 now, others also seem to find at least a temporarily base but in Lykke it's an intervention from "Brother number one"?


Quote
Believe me it's not going to work, there's more blood in store for LKK (and yes, like you say every other altcoin, everything except Bitcoin and USD).


Of course it can go down more. It also could go way more down for Bitcoin, because actually there is the reason for the whole uncertainty. But it's also possible that Segwit will be activated soon, that there won't be a split, that new money will flow into the whole market and so on.


The most important question is, whenever markets move hard and in whichever direction: Is it about the whole context or is it a certain reaction on a certain situation of a certain project. And the LKK price simply moves like it's usual these days in Crypto.
RustyShackleford1950
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July 11, 2017, 01:15:42 PM
 #1728

I agree with your idea behind comparing Lykke to coinbase playingpoodles, however, there is a fundamental difference in the setup of the companies, and the future plans of the companies. Lykke's future prospects are much, much more interesting and potentially lucrative.

That said, yes, you could argue that it was overvalued, however, so is something like Tesla, or Amazon, or any number of tech companies. It's all about pricing in future expected growth and success. This is the risk some people take, if you don't want to, that's cool too.

What's bullshit though, is your speculation about XXX person(s) propping up the price. I have no idea whether that's true or false - and neither do you! Stop writing your thoughts down as if they're fact, it's your wild speculation. That's ironic, considering you're complaining about people speculating on price, when you're there spinning your own brand of bullshit.

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July 11, 2017, 01:28:33 PM
 #1729

I agree with your idea behind comparing Lykke to coinbase playingpoodles, however, there is a fundamental difference in the setup of the companies, and the future plans of the companies. Lykke's future prospects are much, much more interesting and potentially lucrative.

That said, yes, you could argue that it was overvalued, however, so is something like Tesla, or Amazon, or any number of tech companies. It's all about pricing in future expected growth and success. This is the risk some people take, if you don't want to, that's cool too.

What's bullshit though, is your speculation about XXX person(s) propping up the price. I have no idea whether that's true or false - and neither do you! Stop writing your thoughts down as if they're fact, it's your wild speculation. That's ironic, considering you're complaining about people speculating on price, when you're there spinning your own brand of bullshit.

Definitely, one has to consider that we won't get any type of "fair" prices in this market or any other, even real estate for that matter. What I can say is that stocks were much easier to predict and estimate many years ago but now as RustyShackleford1950 mentioned they are trading many times their "true" value and they don't even distribute dividends which in my opinion is at least an easy and clear for conservative investors and newcomers. P/E ratio is becoming almost useless and pointless as it's almost impossible to find something below what was considered undervalued.

Also Coinbase may be looking to be valued at 1 billion, just like Snapchat was valued at 20 billion. Correct me if I'm wrong but that's not the true value of the company, only the public traded shares are considered (Snapchat founders hold what? 80-90% of that?). I'm not sure but I think Coinbase value is based on a similar distribution.
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July 11, 2017, 01:32:38 PM
 #1730

2 - Coinbase is ahead, which actually operates its business within the law unlike Lykke which provides unlicensed fiat transfers. Coinbase has approval in most US states, UK, most of EU. Plus it has 6-10 million users versus Lykke's less than 12,000 (you say 20K?).The whole point of my argument that Lykke is overvalued is comparing its value to Coinbase's.

1. Coinbase is a centralized exchange and around since 2012.
2. Lykke is a blockchain-project, a semi-decentralized exchange. Lykke just made it's first steps but at the same time has much higher ambitions.


It doesn't make that much sense to compare both projects to come to the conclusion that Lykke is overvalued. LKK moves with the whole market at the moment. Of course you are free to point out your opinion about it's value but if you ignore the context or even say misleading things like "LKK started selling off earlier and faster than the altcoin market as a whole", what is clearly false, I'm not so sure that your analysis has much base.

I mean, you just could take a look at one of your investments. When crashed Zencash again - before or after LKK went down?




Quote
12,000 users is there in black and white in the latest Lykke annual report - can you give us a link for your 20K?






Quote
Look, each person can do what he wants. Lykke has only stopped plunging because someone (Lykke's extremely wealthy owner perhaps?) has been pumping lots of liquidity into it. Highly risky, especially if that doesn't stem the price decline.

Man, I don't get why it's necessary to spread such theories! Do you have any proof for that? Do you see that...

- Bitcoin bounces
- ETH bounces
- FCT bounces
- ZCash
- pretty much everything seems to recover at least temporarily...

But you have special theories for Lykke? See, what I find interesting is that you put in some effort in your price talking about Lykke. 2 threads on Bitcointalk and also on reddit.




Quote
 
I'll say it again, only place to be until Segwit 2x activates on 1 August and Bitcoin's future becomes clear in the fortnight after that is in USD or Bitcoin.
 

No problem if that is your choice.
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July 12, 2017, 08:57:53 AM
 #1731

Yes I have gone and expressed my reasoned positions. I post because I am interested in this space and have concerns about Lykke including:

(i) there is zero price transparency of LKK because it's not free floated, there's no limit orders
(ii) it's unlicensed and has a tiny userbase
(iv) most coins are beneficially owned by one man, the founder - two wallets contain over 50% of coins. If you want the wallet addresses ask me https://blockchainexplorer.lykke.com/asset/AXkedGbAH1XGDpAypVzA5eyjegX4FaCnvM

My basic point is that Lykke is a risky "make Richard Olsen richer" scheme. All the small crypto traders take all the risk providing funding, but Richard gets the lion's share of the coins and no risk - if the "dream" is realised Richard will be much richer, and all the crypto investors will be a bit richer. If it isn't, Richard loses nothing, but all the small crypto investors lose all their investment.

That's the truth - you don't like me writing it, fine.

"But you have special theories for Lykke? See, what I find interesting is that you put in some effort in your price talking about Lykke. 2 threads on Bitcointalk and also on reddit."
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July 12, 2017, 10:25:35 AM
 #1732

Yes I have gone and expressed my reasoned positions. I post because I am interested in this space and have concerns about Lykke including:

(i) there is zero price transparency of LKK because it's not free floated, there's no limit orders
(ii) it's unlicensed and has a tiny userbase
(iv) most coins are beneficially owned by one man, the founder - two wallets contain over 50% of coins. If you want the wallet addresses ask me https://blockchainexplorer.lykke.com/asset/AXkedGbAH1XGDpAypVzA5eyjegX4FaCnvM

My basic point is that Lykke is a risky "make Richard Olsen richer" scheme. All the small crypto traders take all the risk providing funding, but Richard gets the lion's share of the coins and no risk - if the "dream" is realised Richard will be much richer, and all the crypto investors will be a bit richer. If it isn't, Richard loses nothing, but all the small crypto investors lose all their investment.

That's the truth - you don't like me writing it, fine.

"But you have special theories for Lykke? See, what I find interesting is that you put in some effort in your price talking about Lykke. 2 threads on Bitcointalk and also on reddit."


Of course you are free to express everything what you think. But also of course: For me it's at least an info to think about intentions whenever I see somebody who posts on all places and several threads (I'm Ph03n1xII on reddit btw). If you believe it's needed to do that because you want to warn people - fine. But most of your talking was about the price and it's a usual game in Crypto that those who are not invested or not invested any more would like to get a cheaper price.


"(i) there is zero price transparency of LKK because it's not free floated, there's no limit orders"

Yes, limit orders are not possible yet but will come. Lykke is simply not a totally finished platform yet. At the same time Investors still make decisions to buy or sell at certain prices and that moves the LKK-market. That's the reason why the price increased over the last months and that is also the reason why the price recently went down - pretty much in line with the overall market.

(ii) it's unlicensed and has a tiny userbase

Lykke is not without any licenses:

Lykke Exchange Granted Financial Brokerage License in Vanuatu
http://www.financemagnates.com/cryptocurrency/exchange/lykke-blockchain-exchange-granted-financial-license-in-vanuatu/


...and there is progress on the regulatory front:

• EU broker license. Our application for a Cyprus Investment Firms license for Lykke Cyprus Ltd. is on the fast track at CySEC, the Cyprus Securities and Exchange Commission. We recently received a letter from CySEC containing general questions about Lykke and requests for additional documents. The team is hard at work preparing our official response.

• EU EMI license. Our Electronic Money Institution application is ready to be submitted to the Central Bank of Cyprus, including the capital requirement of €350,000. Lykke EMI is engaged with various banks to support our payment processing strategy. New systems and controls are now in place, pending activation of electronic payments.

• UK MTF license. The Multilateral Trading Facility package is facing some new delays due to the updated FCA requirements for UK-based MTF. We are updating our IT Strategy document and the application package to match the new requirements of the FCA.


https://www.lykke.com/city/blog/lykke_heat_from_the_global_street

(the post gives more infos, also about Singapore and the USA)


(iv) most coins are beneficially owned by one man, the founder - two wallets contain over 50% of coins. If you want the wallet addresses ask me https://blockchainexplorer.lykke.com/asset/AXkedGbAH1XGDpAypVzA5eyjegX4FaCnvM


Right now I don't have the info about the first two wallets but about Richard Olsen:

"Richard Olsen is the only significant shareholder with a holding in excess of 10 percent."
https://www.lykke.com/Lykke_Corp_Placement_Memorandum.pdf



Especially this is really wrong:

"My basic point is that Lykke is a risky "make Richard Olsen richer" scheme. All the small crypto traders take all the risk providing funding, but Richard gets the lion's share of the coins and no risk - if the "dream" is realised Richard will be much richer, and all the crypto investors will be a bit richer. If it isn't, Richard loses nothing, but all the small crypto investors lose all their investment.

That's the truth - you don't like me writing it, fine."




Richard Olsen is Lykke's biggest Investor. Nobody would lose as much as he would and not only but also money. If you call your assumptions "truth" I'm not sure how you define that word.

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July 12, 2017, 11:37:02 AM
 #1733

I come on Bitcointalk for a few of minutes and express a short view, then you quickly post paragraphs of what I think is sometimes fairly disingenuous responses - but my motive's the one to worry about? What's your motive? What you're a massive early investor looking for a price pump for the cash-out? You picked a good investment early, no need to dupe latecomers. It never rings true to me when everything someone says about something is positives with ne'er a single negative.

You can't tell me who owns the 2 wallets - Lykke can't tell us who or why 2 wallets own most LKK, great transparency.

No, I don't really consider a Vanuatu brokerage license "approval" for our purposes - it's a few steps ahead of "I got approval from my mum" but not that many. (No offence to Vanuatuans, my point is, what's Vanuatu got to a Swiss based crypto trading startup?).

I already stated my views about LKK risking big drops well before the price crash these two weeks. Who knows about price in cryptoland - it goes up, it goes down, up, down - personally I do think short-term Lykke is falling to 10-15 cents, with dips below that being buying opportunities. I'd certainly buy under 10 cents.


Of course you are free to express everything what you think. But also of course: For me it's at least an info to think about intentions whenever I see somebody who posts on all places and several threads (I'm Ph03n1xII on reddit btw).

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July 12, 2017, 02:38:54 PM
 #1734

I come on Bitcointalk for a few of minutes and express a short view, then you quickly post paragraphs of what I think is sometimes fairly disingenuous responses - but my motive's the one to worry about? What's your motive?    

1) You don't come just on Bitcointalk for a few minutes but you post in two threads and you post all over the Lykke-sub. And again: Nothing wrong with that and understandable that you would prefer to place your message without response, but it's pretty simple: If I have time, I reply.

2) My motives: I'm invested since September 16 and I also work for Lykke. mtnsaa also works for Lykke btw. We give infos, reply on questions, we are also free to point out our personal opinions, we chat with users and Investors, if needed we try to help if users need support etc.
 




Quote
What you're a massive early investor looking for a price pump for the cash-out?

I'm invested yes, but I wouldn't call it massive. And I don't trade much. I invest in projects I believe that have chances to turn out as pearls and then I usually hold and also take the rollercoaster.


Quote
 
You picked a good investment early, no need to dupe latecomers.  

Interesting that you call it a good investment now. What did I miss? Didn't you say it's a "make Richard Olsen richer scheme"? Why is it a good investment now? Because the price goes back up?

And I don't dupe latecomers. I give informations, I reply on questions, I also defend Lykke if somebody tries to spread misleading informations like you try that with your talking about a scheme, your focus on the price and saying LKK would have gone down before everything else and so on. And especially that point is really interesting if we look at one of your favorites: Zencash and when it was dumped and how hard (from about $19 to $4) and on your reactions on it. ;-)


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It never rings true to me when everything someone says about something is positives with ne'er a single negative.  

I just replied on your posts. If you want to know if I'm 100% happy: No, I'm not. There have been several delays for example. Limit orders are not there yet or the web-based-terminal, Ethereum-implementation caused some trouble, support sometimes was overwhelmed etc. I've never said that Lykke is perfect. It will need a lot of improvements and that are no secrets.

But is that in any way unusual in this space or software-development in general? I don't think so. I know a lot of good projects but not a single one without delays, setbacks, tech-problems, rolloercoaster on the market etc.



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You can't tell me who owns the 2 wallets - Lykke can't tell us who or why 2 wallets own most LKK, great transparency.

I've asked and they'll publish a list of holders, executive team and board members.


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No, I don't really consider a Vanuatu brokerage license "approval" for our purposes - it's a few steps ahead of "I got approval from my mum" but not that many. (No offence to Vanuatuans, my point is, what's Vanuatu got to a Swiss based crypto trading startup?).

The regulatory topic is not really what I'm very familiar about. Feel free to see that how you see it and not to invest and not to use Lykke. Still interested why you said "good investment" above.


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I already stated my views about LKK risking big drops well before the price crash these two weeks. Who knows about price in cryptoland - it goes up, it goes down, up, down - personally I do think short-term Lykke is falling to 10-15 cents, with dips below that being buying opportunities. I'd certainly buy under 10 cents.


Yes, not new to me. You've spread that over and over again on Bitcointalk and reddit.


- I will also buy Lykke - less than the 23 cents it is now - or cheap (less than 10 cents would be definitely cheap!)
- Me too, I definitely think 8 cents will be a buying opportunity.
- I see 10-15 cents a real possibility now, with drops below 10 cents being heavily bought.
- I'm expecting 10-15 cent LKK, with potential dips below being aggresively bought.
- LKK is going well below 20 cents, hold your horses to 10-15 cents
- I see 10-15 cent LKK short term.
- Now I'm predicting 10-15. There's way more downside to play out yet.
- since the altcoin crash I see LKK going to 10-15 cents


https://www.reddit.com/user/playingpoodles

....only reddit-quotes about the price, not even all, and only about 24-48 hours. And what I find revealing is that you mix that up with your theories about Richard Olsen and Lykke to be a "scheme", claims the price would be backed by him, claims LKK would have gone down before the whole market went down, all your other concerns - but still: you want to buy and call it a "good investment".

I think it's obvious that I also have a theory about you, right?

Let's see if it will help to get it cheap. ;-)
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July 12, 2017, 03:51:12 PM
 #1735

I have repeatedly said it was a.good investment at 5 cents when u bought it as it was a cheap ico. Rich was still going to make most of the money but downside risk for investors was less. Ive been saying since it was around 40 cents i think it is overvalued and going down,  at 26 cents now i think downside risk is high and it can fall further. We find out in a month i guess. I dont think i have to be totally one sided to pursue a legitimate line of reasoning, in answer to your question.

And who owns the two wallets with majority of total LKK supply?
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July 12, 2017, 05:55:00 PM
 #1736

Lykke and Pillar Project coming out with a ICO is almost the same project. The guy making the Pillar Project work in Lykkes slack channel and wrote an article for them https://medium.com/@pullnews/the-story-of-the-lykke-coin-251b8179480c.  Someone complained about someone copying the Lykke project and Tempus was trolling the guy acting very strange so I decided to start researching. I would think his reaction is wow i need to tell Richard about this. This is the pillar project https://us.pillarproject.io/. Also the story of the pillar project just like the lykke project... https://theascent.biz/the-story-of-the-pillar-project-bc7a653c8931. There is another one called the mother ship same idea and the road map is formatted just like the lykke roap map. Not sure now if Lykke is for real or just rolling out ICOs with the same idea.

[url=https://bitcointalk.org/index.php?top
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July 12, 2017, 06:58:46 PM
 #1737

Lykke and Pillar Project coming out with a ICO is almost the same project. The guy making the Pillar Project work in Lykkes slack channel and wrote an article for them https://medium.com/@pullnews/the-story-of-the-lykke-coin-251b8179480c.  Someone complained about someone copying the Lykke project and Tempus was trolling the guy acting very strange so I decided to start researching. I would think his reaction is wow i need to tell Richard about this. This is the pillar project https://us.pillarproject.io/. Also the story of the pillar project just like the lykke project... https://theascent.biz/the-story-of-the-pillar-project-bc7a653c8931. There is another one called the mother ship same idea and the road map is formatted just like the lykke roap map. Not sure now if Lykke is for real or just rolling out ICOs with the same idea.




Pillar is not related to Lykke. There are also no relations between Lykke and Mothership.

People are free to build teams and to present their whitepapers and goals to potential Investors who have to come to own conclusions and to make their choice if to invest in a project or not. And it’s always a good choice to dig deep to find out if something may have quality and a chance or not. I personally don’t know anything about mothership so far and if it could be seen as similar to Lykke or even a competitor. What I know about Pillar - I have zero concerns that it could turn out as competitor.


About this:

"Someone complained about someone copying the Lykke project and Tempus was trolling the guy acting very strange so I decided to start researching."

I didn't defend Pillar in any way, but I disagreed with implications that David Siegel is a scammer or "stabbed Richard in the back". As far as I know: Nobody in Lykke is concerned about Pillar. The rest of the discussion on slack was pretty personal because I then was accused to work for Pillar or that I should leave Lykke to work for Pillar, being a scum and delusional and so on - so I just defended myself.

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July 12, 2017, 07:24:38 PM
 #1738

I have repeatedly said it was a.good investment at 5 cents when u bought it as it was a cheap ico. Rich was still going to make most of the money but downside risk for investors was less. Ive been saying since it was around 40 cents i think it is overvalued and going down,  at 26 cents now i think downside risk is high and it can fall further. We find out in a month i guess. I dont think i have to be totally one sided to pursue a legitimate line of reasoning, in answer to your question.

And who owns the two wallets with majority of total LKK supply?

Regarding the wallets: I already said in my last post that Lykke will publish a list of owners. Richard Olsen holds most of course, but it's also about team and board members.


Regarding the price: It's not a problem if you point out your opinion about the price. But after all what you've said about Lykke being a scheme and your other concerns I'm really surprised that you still call it a good investment - that even more gives me the feeling that you simply want to talk the price down, especially because you put so much effort in it. I know that game and I reply. It's that simple.
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July 13, 2017, 12:21:29 AM
 #1739

I called it a good investment when you bought it at five cents. Why does that surprise you? Unlike you I don't have a wheelbarrow to push except transparency. If you cashed out now you'd have made 5 times your investment. Yes that's a good investment in my books. But no, I don't think it would be  a good investment for latecomers who buy high from early investors and face much more downside risk.

Finally someone admits Richard owns most LKK, after all the stonewalling. You don't think that confirms my suggestion that Richard stands to make most of the profit, or that it is a make him richer scheme? Okayyyyy...

Anyway, short term Richard can totally manipulate LKK price to stop it going down, thanks to an in-house "algorithm" which I noticed last night favoured price going up: in other words, the larger the LKK sale the fewer USD per LKK you got, but the bigger the USD purchase of LKK the more LKK you got per USD. No price transparency at all, very heavily manipulated, and I can't see a US regulators having a bar of it. I also think as we get to the sharp end of Segwit 2x activation there's a limit to how much funny business with the "algorithm" determining the LKK price will be able to stop people running for the doors.

I have repeatedly said it was a.good investment at 5 cents when u bought it as it was a cheap ico. Rich was still going to make most of the money but downside risk for investors was less. Ive been saying since it was around 40 cents i think it is overvalued and going down,  at 26 cents now i think downside risk is high and it can fall further. We find out in a month i guess. I dont think i have to be totally one sided to pursue a legitimate line of reasoning, in answer to your question.

And who owns the two wallets with majority of total LKK supply?

Regarding the wallets: I already said in my last post that Lykke will publish a list of owners. Richard Olsen holds most of course, but it's also about team and board members.


Regarding the price: It's not a problem if you point out your opinion about the price. But after all what you've said about Lykke being a scheme and your other concerns I'm really surprised that you still call it a good investment - that even more gives me the feeling that you simply want to talk the price down, especially because you put so much effort in it. I know that game and I reply. It's that simple.
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July 13, 2017, 01:01:50 AM
 #1740

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You don't think that confirms my suggestion that Richard stands to make most of the profit, or that it is a make him richer scheme? Okayyyyy...
Roll Eyes

Wow, thanks, learnt something today. In future I'm going to only invest in companies/coins where the founders own almost none of the shares so they have no chance of profiting  Grin.

On a more serious note, the price is "manipulated" by the algorithm described here: https://www.lykke.com/asset/doc/marketmaking.pdf. Why don't you spend more time researching first before speculating without basis?
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