WAVES Price Speculation Thread

[bbc.reporter]

I had high hopes for this platform when I heard about it and it is also one of the highest crowdfunded projects in the world. The price was rising just recently and everyone has started to become excited but a whale has squashed that excitement and how we are all back to reality now. Where will the price of Waves go from here?

[robstarsbg]

OMG I asked myself the same question, because I invested in it....
and the fact that THIS is the first answer makes me kind of nervous.

[Pap0u]

No where. The whole community is in fantasy land. You all went too full retard in the ICO. The problem is WAVES is not a 30 million market cap project. It was just an idea and fancy videos, 0 real technology. Sasha has 20000 BTC just sitting in an account doing nothing. The whole point is Sasha deceived everyone, and his focus was just in generating funds. You guys think ICO is like an IPO but you are wrong. When stocks hit the market for an IPO, they are already established companies with sustained profits and positive outlook. Crypto ICO's are INITIAL investments before a project even exists. Majority of ICO's do well because they raise just enough funds for the project as well as some reserves for potential delays. This in turn gives a project a healthy initial market cap where if the roadmap begins development, positive news gets released, price goes up or down accordingly to how that project is currently evaluated or in simple terms, what people think it's worth. This is the dilemma with waves. Sasha allowed the ICO to raise too many funds, deceiving investors for his own personal greed. In return, waves entered at too high of a market cap when the project was literally nothing and still do this day has barely any developments. No one wants to pay the current price of waves because it's just not worth it. For waves to correct itself, Sasha will need to refund ICO investors most likely 60-80% of the funds accordingly, bringing the market cap down to where it should be, then waves can properly grow. Just because you guys raised so much in the ICO, doesn't mean everyone else is dumb enough to pay these asking prices. Why does Sasha need so much BTC in reserves? It's like literally an obscene amount that the waves community really needs to address if you want to bring justice to the market. Otherwise, I'm sorry, but your money will be tied up for a very long time unless you guys sell for a loss. Even with positive developments, what do you guys realistically think the upside is? Maybe a 60-80 mil market cap? 1x ICO price? Sasha did that to you guys and I'm terribly sorry. But seriously look at the top 10 current coins and if you guys think waves is going to just overthrow them at an initial release, you guys are seriously delusional. You guys need to drop these price discussions and seriously go after the waves team and get the money you guys deserve back.

[bbc.reporter]

@Pap0u. Yes I agree with most of your analysis except that you might be mistaken in thinking that all the ICO funds are from the community. I speculate that Sasha is following Vitalik's strategy with their ICO. The main reason why they raised so much bitcoins is because there are Sasha's insider friends who bought large stakes in the ICO. Waves is basically their project.

It is the same with the Ethereum ICO where Vitalik's dad and their insider friends bought large stakes. This is good if you only care about the price of the coins because sooner or later the insider whales will manipulate the price to go up in time.

[thepo1m]

There is no doubt about the project was overfunded and that increase the value of each token beyond the true market value. I don't know the service  Waves platform will that is not been provided yet.

[googie4]

The project was severely over funded. A lesson for future ICOs. That has brought a lot of negativity.

[The Sceptical Chymist]

Yeah,  there was so much hype about it, just like eth and lisk.  Turned out to be a complete turd.  Not surprisingly,  because there's no good reason to own it other than to ride the pump and dump WAVES.  You probably could still make money on it, but it's basically a shitcoin not to be held long term.

[freshman777]

It was just an idea

What was the idea of the project? Serious question.

[Pap0u]

It was just an idea

What was the idea of the project? Serious question.

Decentralized exchange, asset management, fiat gateways etc etc pretty much like everything in crypto literally in one, like one big dream come true. Look, WAVES might release tech one day, but the point is many people got conned by Sasha and there are serious delusions and unrealistic expectations in this community. Good luck and have fun.

[freshman777]

It was just an idea

What was the idea of the project? Serious question.

Decentralized exchange, asset management, fiat gateways etc etc pretty much like everything in crypto literally in one, like one big dream come true. Look, WAVES might release tech one day, but the point is many people got conned by Sasha and there are serious delusions and unrealistic expectations in this community. Good luck and have fun.

NXT has the bolded features and many more.

Fiat gateways are not about tech, any cryptocurrency can do them, tech work is 5% of the problem. Fiat gateways main problem is getting licenses and making agreements with banks. Banks oppose crypto.

So what was the idea behind WAVES again? What is etc etc?

[bbc.reporter]

Yeah,  there was so much hype about it, just like eth and lisk.  Turned out to be a complete turd.  Not surprisingly,  because there's no good reason to own it other than to ride the pump and dump WAVES.  You probably could still make money on it, but it's basically a shitcoin not to be held long term.

In ETH's case the hype really translated to the price. If they DAO attack did not happen who knows were the price of ETH is right now. Maybe above $30 is possible. I speculate Lisk needs more time. They have accumulated a good amount of bitcoins in their ICO so taking their time would not be a problem.

[gilang]

OMG I asked myself the same question, because I invested in it....

[blackhawk101]

Sasha's got the best job in the world, his pet project doesn't work out?  Quietly walk away and retire with $10M or whatever is left of Ico funds

[disconnectme]

Sasha's got the best job in the world, his pet project doesn't work out?  Quietly walk away and retire with $10M or whatever is left of Ico funds

It is not as easy as you think, people will find him and make him scapegoat

[bbc.reporter]

Sasha's got the best job in the world, his pet project doesn't work out?  Quietly walk away and retire with $10M or whatever is left of Ico funds

Why do you all think that the ICO funds are all from the community. It is very much possible that they copied Vitalik's strategy with Ethereum's ICO. They got their friends with money to invest millions in the project in exchange for coins that they can hold and sell for a higher price later. The only difference with ETH and Waves is ETH is listed in Poloniex and Kraken which gave it more chances of getting a successful pump. Waves is listed only in Bittrex and a few smaller exchanges.