Mycelium Crowdsale , Are you investing ?

[finkelsteinMonster]

< snip >

[2]IMPORTANT:

The crowdsale offer refers to the Wallet project only. No refunds. Token is not a security, is not listed, authorized, issued or traded on any regulated market. We do not guarantee that the value of tokens will increase. 

Reason enough right there. Buying tokens that *explicitly* represent nothing.
Bitcoin Forum > Economy > Marketplace > Securities used to be jammed with similar offers a few years ago. Results as expected.

[cjmoles]

Okay....I don't get it!  I don't have a problem investing in new technologies but I just don't get this one at all.  If I gave them my BTC, would it actually be an investment or just a donation?  If the tokens aren't exchangeable and if they can buy them back at ICO price if they ever became valuable, where is my incentive?  The way it reads is that my investment could either result in a negative ROI or a break even ROI.  Somebody please explain why I should support this project....I'm an easy mark but I need something!

[bitbite111]

Okay....I don't get it!  I don't have a problem investing in new technologies but I just don't get this one at all.  If I gave them my BTC, would it actually be an investment or just a donation?  If the tokens aren't exchangeable and if they can buy them back at ICO price if they ever became valuable, where is my incentive?  The way it reads is that my investment could either result in a negative ROI or a break even ROI.  Somebody please explain why I should support this project....I'm an easy mark but I need something!

The only way your tokens increase in value is if the next tranch fetches a higher valuation. Of course, when it is traded on the exchange, the market has the final word on the valuation though. This whole crowdsale seems like a money grab to me. They even stated that their wallet only makes $300 per month, yet they value it at 10-100 million. You would make more from interest alone than investing in this project.

[Yakamoto]

Okay....I don't get it!  I don't have a problem investing in new technologies but I just don't get this one at all.  If I gave them my BTC, would it actually be an investment or just a donation?  If the tokens aren't exchangeable and if they can buy them back at ICO price if they ever became valuable, where is my incentive?  The way it reads is that my investment could either result in a negative ROI or a break even ROI.  Somebody please explain why I should support this project....I'm an easy mark but I need something!

The only way your tokens increase in value is if the next tranch fetches a higher valuation. Of course, when it is traded on the exchange, the market has the final word on the valuation though. This whole crowdsale seems like a money grab to me. They even stated that their wallet only makes $300 per month, yet they value it at 10-100 million. You would make more from interest alone than investing in this project.

Crowdsales are typically money grabs anyways, however they can be used for good or bad.

Assuming that the money is actually going into the development and not just an increase in funding so they can postpone it another year and have a nice salary, this would be a fairly good decision to make from a business perspective. There can be some potential with this crowdsale, but only if they make a product truly worth what they are selling. This is why shares are better than an unproven currency.

[alani123]

I made a post on why you should not invest.

[bitbite111]

Okay....I don't get it!  I don't have a problem investing in new technologies but I just don't get this one at all.  If I gave them my BTC, would it actually be an investment or just a donation?  If the tokens aren't exchangeable and if they can buy them back at ICO price if they ever became valuable, where is my incentive?  The way it reads is that my investment could either result in a negative ROI or a break even ROI.  Somebody please explain why I should support this project....I'm an easy mark but I need something!

The only way your tokens increase in value is if the next tranch fetches a higher valuation. Of course, when it is traded on the exchange, the market has the final word on the valuation though. This whole crowdsale seems like a money grab to me. They even stated that their wallet only makes $300 per month, yet they value it at 10-100 million. You would make more from interest alone than investing in this project.

Crowdsales are typically money grabs anyways, however they can be used for good or bad.

Assuming that the money is actually going into the development and not just an increase in funding so they can postpone it another year and have a nice salary, this would be a fairly good decision to make from a business perspective. There can be some potential with this crowdsale, but only if they make a product truly worth what they are selling. This is why shares are better than an unproven currency.

The only way your tokens will gain value is if the next crowdsale values the company even higher. Also, the wallet only makes $300 per month, yet they value the wallet at 10-100 million already. With 10 million, you can make $2500 per month in interest alone.

[Anon_7716]

It is very exciting and it's very exciting when it matches your expectations. But I think that it still has loopholes for SCAM, because I see the mycelium is still less convincing so that it could have happened. But it all depends on how this works and depends on the person doing the investment

[Bit_Happy]

Mycelium Crowdsale , Are you investing ?
No.
It is so obviously a bad "investment", that I would consider anyone who says "Yes" could be compensated to troll for Mycelium,

[GreenBits]

< snip >

[2]IMPORTANT:

The crowdsale offer refers to the Wallet project only. No refunds. Token is not a security, is not listed, authorized, issued or traded on any regulated market. We do not guarantee that the value of tokens will increase. 

Reason enough right there. Buying tokens that *explicitly* represent nothing.
Bitcoin Forum > Economy > Marketplace > Securities used to be jammed with similar offers a few years ago. Results as expected.

Oh, it was a whimsical time of NEOBEES and ASICMINERs. Rife with vanishing fund managers and epic exchange hacks.  Bitcoin may as well have been VentureCapCoin.

May we never return to this place.

This offering however; too vague. We've moved into BTC 2.0, if im going to invest into a quasi legal asset, I at least want the terms to be clear. This is being pitched as a gofundme project for all practical purposes. Not quite an investment.

Also, the diligence is impossible on this.

[The Sceptical Chymist]

Okay....I don't get it!  I don't have a problem investing in new technologies but I just don't get this one at all.  If I gave them my BTC, would it actually be an investment or just a donation?  If the tokens aren't exchangeable and if they can buy them back at ICO price if they ever became valuable, where is my incentive?  The way it reads is that my investment could either result in a negative ROI or a break even ROI.  Somebody please explain why I should support this project....I'm an easy mark but I need something!

I would put it this way:  it could not possibly be worst than 99.9999% of the other shitcoins on the market, whether it's an investment that Mycelium is going to use the proceeds for or whatever else.  As I said I won't invest myself but I really like the wallet.

[cjmoles]

Okay....I don't get it!  I don't have a problem investing in new technologies but I just don't get this one at all.  If I gave them my BTC, would it actually be an investment or just a donation?  If the tokens aren't exchangeable and if they can buy them back at ICO price if they ever became valuable, where is my incentive?  The way it reads is that my investment could either result in a negative ROI or a break even ROI.  Somebody please explain why I should support this project....I'm an easy mark but I need something!

I would put it this way:  it could not possibly be worst than 99.9999% of the other shitcoins on the market, whether it's an investment that Mycelium is going to use the proceeds for or whatever else.  As I said I won't invest myself but I really like the wallet.

See...That's what I don't get here.  At least with an altcoin, I have an exchangeable token that I could hype, fud, support, short, long....etc.  But, with this project, all it says is that I will receive a free wallet with a non-exchangeable token, but if the token becomes exchangeable, then they have the option of taking it back at its original purchase price.  Huh?  I mean, I'm a lollipop when it comes to crowdsales, but I'm gonna need some serious shills here to sell me on this one!

[Boosterious]

I made a post on why you should not invest.

i'm apreciate the OP that have post this,someone should try to invest on mycelium,it will make us know how its really works,and your thread have good response,its make people agree with you. but i'm still cannot decide to believe it or not.

[Wendigo]

So if I understand this correctly they are selling shares of their Mycelium wallet only and these shares are not even real shares of their company but digital tokens that the buyers can sell later on to other people or sell them back to Mycelium themselves. But how they estimate their wallet will be worth 900 million down the road? Can someone who has traded stocks explain what's going on with the crowdsale? Should we invest or stay away and what are the benefits of investing? Thank you.

[bitkilo]

I made a post on why you should not invest.

i'm apreciate the OP that have post this,someone should try to invest on mycelium,it will make us know how its really works,and your thread have good response,its make people agree with you. but i'm still cannot decide to believe it or not.

With this deal all you need to believe is what you read and so far what i have read is not good enough to "believe" you will make money from investing in this crowdsale.
Don't let them tell you stories, the offering is already on paper and it doesn't look good.

[DimensionZ]

I have been using the Mycelium wallet on my Android devices and I find it pretty decent for what it is but I don't think it's worth $100 million or that it will ever reach the $900 million mark which is probably just a random number thrown in their sales pitch. I will not invest in this crowdsale because the terms sound very fishy to me and looks like Mycelium are trying to do a quick cash grab while providing no liability for the investors if this program doesn't pan out.

[cryptodv]

I was going to invest, but after reading these threads and doing some research..I've decided not to. To many unanswered questions. 

[lordoliver]

The mycelium crowdsale is now live

After missing out on IOTA and LISK I have just got my 10% early bird bonus!
...

scam alert! Wrong link

[danielj314]

Why has the amount invested on the status page not changed for many, many hours. Is nobody really investing anymore? I get that things may slow down after the first day, but this appears to have come to a complete stop in a way that isn't natural. Which leads me to wonder if this accounting of how much has been invested is accurate at all. If anyone from Mycelium monitors these pages, I would love to hear what's going on here.

[BitFomo]

They already raised 1115 btc for 5% of the wallet. I think they are fooling a lot of people on this one.

[Indrawan77]

I am not really interested, i had heard alot of marketing begore itbwas launched, but i afraid later it will happen the same with ethereum which now is being dumped