augur. 99.23% loss. what gives?

[European Central Bank]

I've just noticed augur on poloniex. it appears to have gone from 2 btc per whatever to 0.015. I haven't been paying any attention to it. has it just launched? was it an ico? is the pricing a glitch? what's the deal?

[weilichesbin]

I've just noticed augur on poloniex. it appears to have gone from 2 btc per whatever to 0.015. I haven't been paying any attention to it. has it just launched? was it an ico? is the pricing a glitch? what's the deal?

It is a new Coin. If you have money buy i think the price will explode in the next days...

[bbc.reporter]

I've just noticed augur on poloniex. it appears to have gone from 2 btc per whatever to 0.015. I haven't been paying any attention to it. has it just launched? was it an ico? is the pricing a glitch? what's the deal?

It is maybe only a glitch. When REP has become stable we will see what the real daily changes are after one or two days.

I cannot believe this is listed in Poloniex. Why only now? Does this mean that they are now a legitimate project? I saw on reddit that it was only vaporware.

[weilichesbin]

It is on Polo because after 2 years the DEVS are ready. I think Price will dramatically increase after the first Predict from the CROWD.

[bbc.reporter]

@weilichesbin. I do not think so. Augur looks like it is over priced for a project that has only few users. I think they are already late. Many anticipated their release but now people do not care anymore.

[andyste]

i can see is price poloniex Augur or in ticker REP
is crazy dump in 24 hour price is high 2 bitcoin
in dump until only price 0.016 bitcoin, i think much people lost in trade rep

[Denker]

I can not see anything why Augur should be worth what it actually is.
Imo we will see more dumps before again some group or small inside circle of people will start to pump and dump it after that.
The typical thing which always happens in altcoin space.
For now I will not touch that alt.

[Haunebu81]

It was released on polo yesterday, because Augur tokens were released to the public yesterday.

And it shows it's down 99% because the very first trade was 2 BTC per REP. after about an hour when there was more than a few hundred rep available for sale, that's when prices started coming back to normal. And by normal, I mean that people were trading about 0.017 to 0.02 BTC per rep via the escrow reddit reptrader service during the last few weeks and even higher before that

Also the gatecoin IOU's were trading in that range as well, even higher.


Having said that, prices are at a bargain right now compared to what they were.

[criptix]

Ico was around 0,55$ per REP. There are 11 million REP.
Everyone who buys deserves to get rekt.