Torque
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September 04, 2017, 04:02:52 PM Last edit: September 04, 2017, 07:32:16 PM by Torque |
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I had the chance back in January 2014 to get in on the original Ethereum ICO after hearing Vitalik Buterin speak at Decentral but declined to participate because the whole concept of pre-mined coins seemed sleazy to me. Sure, I could have made a lot of money from ETH but it would have meant compromising my ethics.
Agreed. But it's not just the pre-mine thing, it's the business model too. Or lack thereof rather. Anyone who has spent any time thinking through the idea that Average Joe is going to want to go through the hassle just to buy ETH with their $$$, and then spend it to power PAYG apps that compete with other apps that will be free. That makes zero sense. Nobody will do it. But ETH proponents seem to keep ignoring the elephant in the closet. Just ask people that use Facebook, Twitter, Snapchat if they would still use those apps if they had to buy a coin first and spend it every time they posted something. Nope. And don't get me started on the whole "ETH because dem smart contracts dur hur".
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mikenz
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September 04, 2017, 04:03:47 PM |
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Sure, I could have made a lot of money from ETH but it would have meant compromising my ethics. Yeaaah. Sure. We're all here for the ethics right.
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empowering
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September 04, 2017, 04:08:00 PM Last edit: September 04, 2017, 04:22:54 PM by empowering |
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ICOS that are rip offs- are rip offs... What about ones that are not? No one needs 100 million to start a company that has no legs... Plenty of ICOS will pop up that are not greedy- have decent models and a decent chance of becoming something IRL. There is a difference. Regulations are one way of working this out - to some degree - dirty word. The free market would have gotten there on its own- personally I would have liked to have seen it -I am sick that way.... but no! the regulators will step in (In China- USA and Europe) and regulate these ICOS For all the other "projects" the market will STILL find a solution - they will still be a thing... There will be two pools- regulated and unregulated. For better or for worse. As above so below (As long as there are two markets I am happy that the regulated one is being born- and there is no way on gods green earth it is avoiding the trend...of the influence of blockchains and digitisation and ultimately to some degree democratisation - though the barriers to entry for companies wishing to raise funds will be higher- but the mechanisms for the average joe or average Zhang to invest - will be greater. As the Chinese love to gamble and invest- I see them engaging in this new regulated ICO market with vigour and enthusiasm) Or something (Also any serious Zhang worth his salt will be running investments through a fund in HK or Macau )
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Wekkel
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yes
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September 04, 2017, 04:10:12 PM |
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With every dip Bitcoin becomes stronger. The attention of investors will switch back to building infrastructure for currencies and not for initial coin offerings. The projects with a real proposition will remain and continue building their blockchain application. In short, better to have this shit storm now than in 2 years.
Meanwhile, the market desire for anonymous coins like DeepOnion and exchanges continues to be advertised by actions of governments all over the world. Digital Commerce is inherently free and continues to push the boundaries of existing legal frameworks.
And Bitcoin? Honey badger doesn't care.
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CoinCube
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September 04, 2017, 04:23:49 PM Last edit: September 04, 2017, 04:40:53 PM by CoinCube |
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Bought @ 4200 There is a $200 spread now between buying on Gemini which necessitates having fiat on an exchange and buying on the Coinbase app which lets bigger players instantly buy up to $25,000 and have it deducted from their bank accounts the next weekday. Bodes well for tomorrow's prices imho. Sure, I could have made a lot of money from ETH but it would have meant compromising my ethics. Yeaaah. Sure. We're all here for the ethics right. Some of us are.
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empowering
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September 04, 2017, 04:28:10 PM |
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Like a whores drawers
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CristiTCM
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September 04, 2017, 04:34:19 PM |
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The price still going down . If it goes under $4000, i have loss. Should i sell now?
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Torque
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September 04, 2017, 04:34:27 PM |
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Plenty of ICOS will pop up that are not greedy- have decent models and a decent chance of becoming something IRL.
There is a difference.
Regulations are one way of working this out - to some degree - dirty word.
The only ICO company, and I mean *ONLY* one that makes any kind of logical sense to me is Salt Lending. I can clearly see their business case and model. Even then, I wouldn't invest in their token because 1) regulators will step in at some point, and 2) they will eventually have many competitors in the space. All the rest are complete scams/hype/vaporware.
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Last of the V8s
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Be a bank
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September 04, 2017, 04:35:09 PM |
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Gentlemen, please prepare your best double bottom memes.
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d_eddie
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September 04, 2017, 04:38:41 PM |
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ICOS that are rip offs- are rip offs...
What about ones that are not?
No one needs 100 million to start a company that has no legs...
My thoughts exactly. So, where are the ones that are not? To my naive mind, ICOs look like a way to rake money without getting one's company ownership swayed as it would be with VC. I'm glad they're being regulated. Want capital? Gimme stocks, so I own (at least part of) what I paid you, so I can vote if I paid enough. You give me these sumthincoins and if (when) value goes to zero, we're good? Meaning YOU're good and I'm out of luck? No way. The free market would have gotten there on its own- personally I would have liked to have seen it -I am sick that way.... but no! the regulators will step in (In China- USA and Europe) and regulate these ICOS
The market was being too slow for the taste of those in power. And for once I agree! Most of these ICO spewing companies don't even need to use blockchain technology for their operation. It's just a way around the SEC or other similar institutions. Sorry for the rant, nothing personal really. It's just that this thing with premined shitcoins really grinds my gears.
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Icygreen
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September 04, 2017, 04:41:45 PM |
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Looks like it could be a 3700-3800 target to the trend line. I'm ready, bring it!
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bones261
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September 04, 2017, 04:43:07 PM Last edit: September 04, 2017, 04:57:50 PM by bones261 |
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The price still going down . If it goes under $4000, i have loss. Should i sell now? Do whatever makes you think is the best option after weighing the pros and cons. If you are risk averse, Bitcoin and other crytocurrencies may not be the best investment plan for you. Only invest what you can afford to lose.
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Torque
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September 04, 2017, 04:43:29 PM Last edit: September 04, 2017, 07:33:07 PM by Torque |
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ICOS that are rip offs- are rip offs...
What about ones that are not?
No one needs 100 million to start a company that has no legs...
My thoughts exactly. So, where are the ones that are not? To my naive mind, ICOs look like a way to rake money without getting one's company ownership swayed as it would be with VC. I'm glad they're being regulated. Want capital? Gimme stocks, so I own (at least part of) what I paid you, so I can vote if I paid enough. You give me these sumthincoins and if (when) value goes to zero, we're good? Meaning YOU're good and I'm out of luck? No way. That's a nice thought, except that you don't really own the stocks, nor own part of the company. See my post here for details: https://bitcointalk.org/index.php?topic=2098580.msg21161390#msg21161390
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Last of the V8s
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Be a bank
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September 04, 2017, 04:43:58 PM |
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The price still going down . If it goes under $4000, i have loss. Should i sell now? No. You are an investor, not a trader. Hold firm and the price will go up above 4k soon enough.
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empowering
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September 04, 2017, 04:49:39 PM Last edit: September 04, 2017, 05:03:22 PM by empowering |
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Plenty of ICOS will pop up that are not greedy- have decent models and a decent chance of becoming something IRL.
There is a difference.
Regulations are one way of working this out - to some degree - dirty word.
The only ICO company, and I mean *ONLY* one that makes any kind of logical sense to me is Salt Lending. Even then, I wouldn't invest in their token because 1) regulators will step in at some point, and 2) they will eventually have many competitors in the space. All the rest are complete scams/hype/vaporware. Guess what- when the regulations are in place... Players wishing to fill the space and raise funds will pop up - the calibre of them should improve somewhat. ICOs are not a mythical magical unknown never before seen thing.. sure they have a catchy new name in this blockchain space... but its just raising money. I think the market will provide a streamlined solution for raising funds and investing in those funds- using technology- using blockchains.... I mean why would this NOT happen? surely you don't think this area of finance/business will somehow be missed out by Fintech? I guess that it wont be.. it will be and is already very much engaged within this area.. they just need the regs for completing their framework. I believe this niche will be fully filled given time- and will produce no doubt some companies via ICOs (which just like all ventures and new risky seed stage investment ideas) will be shit and destined to fail (just like conventional investments) ....... but some- will no doubt produce the goods... It is simply a different (and as of yet UNREGULATED) mechanism for fundraising - nothing more , nothing less..
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d_eddie
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September 04, 2017, 04:58:01 PM |
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My thoughts exactly. So, where are the ones that are not? To my naive mind, ICOs look like a way to rake money without getting one's company ownership swayed as it would be with VC. I'm glad they're being regulated. Want capital? Gimme stocks, so I own (at least part of) what I paid you, so I can vote if I paid enough. You give me these sumthincoins and if (when) value goes to zero, we're good? Meaning YOU're good and I'm out of luck? No way.
That's a nice thought, except that you don't really own the stocks, nor part of the company. See my post here for details: https://bitcointalk.org/index.php?topic=2098580.msg21161390#msg21161390Uh. Some of the things you say are news to me. I don't mean I don't believe you. But... but surely if I own a certain percentage of the stock... surely I mean... I do get my say, right? Eh...? Right?? (breaking into tears)... And I thought... MOMMYYYYYY!!! Bwaaa, waahh!!!
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CristiTCM
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September 04, 2017, 05:00:28 PM |
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The price still going down . If it goes under $4000, i have loss. Should i sell now? No. You are an investor, not a trader. Hold firm and the price will go up above 4k soon enough. Sold them! The tension was too high lol . Maybe i buy again at a cheaper price
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BitcoinNewsMagazine
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September 04, 2017, 05:09:56 PM |
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A 23.6% correction is overdue and would take us to $3840:
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bones261
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September 04, 2017, 05:10:33 PM |
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The price still going down . If it goes under $4000, i have loss. Should i sell now? No. You are an investor, not a trader. Hold firm and the price will go up above 4k soon enough. Sold them! The tension was too high lol . Maybe i buy again at a cheaper price If you do get back in, consider investing a lesser amount. Perhaps an amount that is less likely to make you feel overly tense. Also, restrain yourself if the price starts soaring again. The two worst things to do when investing is to panic sell or FOMO buy.
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Last of the V8s
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Be a bank
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September 04, 2017, 05:15:28 PM |
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Sold them! The tension was too high lol . Maybe i buy again at a cheaper price
Get the fuck out here, He-Pussy. Weak hands make me sick. meh. they make me rich
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