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Author Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem  (Read 375819 times)
cleverhope
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August 25, 2017, 06:03:08 PM
 #4241

people are slowly but steadly selling this coin...sell now and cry later..i'm very bullish on this one

I dumped my bag last week and that too at a loss since I bought at 1.2x ICO initially. Unfortunately the opportunity cost in crypto is very real. I have been able to double my money and recover all my losses within a week of dumping. You can keep holding Bancor but it doesn't make sense in the short term. If the price does start trending upwards, one can easily jump right back in because it moves very slowly and is not going to spike 100% in a day.
This is your decision. As for me i am holding it. But my GNT is from bounty. I think, that Bancor price rising will be fast and strong, so not everyone will jump to the train at low price. Lets see)
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August 25, 2017, 06:10:24 PM
 #4242

people are slowly but steadly selling this coin...sell now and cry later..i'm very bullish on this one

I dumped my bag last week and that too at a loss since I bought at 1.2x ICO initially. Unfortunately the opportunity cost in crypto is very real. I have been able to double my money and recover all my losses within a week of dumping. You can keep holding Bancor but it doesn't make sense in the short term. If the price does start trending upwards, one can easily jump right back in because it moves very slowly and is not going to spike 100% in a day.

Yes the opportunity cost needs to be taken into account. I dumped most of my  Bancor last month at 0.001 BTC, now it's at 0.0006 BTC, so almost half of its value eroded in terms of BTC. I also got Bitcoin Cash, which I sold for $900 per coin during the spike.
Yup, Bancor's BTC rate is constantly going down lately. A new exchange or some good news will stop this trend.
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August 25, 2017, 06:13:06 PM
 #4243

people are slowly but steadly selling this coin...sell now and cry later..i'm very bullish on this one

I dumped my bag last week and that too at a loss since I bought at 1.2x ICO initially. Unfortunately the opportunity cost in crypto is very real. I have been able to double my money and recover all my losses within a week of dumping. You can keep holding Bancor but it doesn't make sense in the short term. If the price does start trending upwards, one can easily jump right back in because it moves very slowly and is not going to spike 100% in a day.
This is your decision. As for me i am holding it. But my GNT is from bounty. I think, that Bancor price rising will be fast and strong, so not everyone will jump to the train at low price. Lets see)
You’re doing the right thing by holding the coin if you are looking to make some money off of this coin. This coin was really popular before the coin even launched and I can see why they wanted to do an ICO for this coin because they have real people doing meeting and the such so they have the opportunity to look legit if they ever wanted to get listed in as a stock. If they produced more videos like they did before the coin launched then yes, the price of Bancor would go up and climb its way up the rankings.

 
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mcfom
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August 25, 2017, 06:24:27 PM
 #4244

Right now the price of each token is around $2.68 is it more than the ICO price of the project?
Appreciate your help.

Current price is under the ICO rate 1 token cost around $3.90 on that ETH was at it's peak price and conversion rate 100 BNT/ ETH but I hope it will get recover and will help the people make some profit in next few months.
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August 26, 2017, 03:16:34 AM
 #4245

Got new rumour that enjincoin will be the next smart token using bancor protocol

Yeaaayy more and more ico under bancor.
This will be huge like eth or neo

https://www.reddit.com/r/Bancor/comments/6vxdti/enjincoin_bancor_partnership/
MD101
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August 26, 2017, 03:26:01 AM
 #4246

Is that enjin coin legit?
Gaming coin?
 How many gaming coing is out there now.
topesis
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August 26, 2017, 05:48:05 AM
 #4247

Got new rumour that enjincoin will be the next smart token using bancor protocol

Yeaaayy more and more ico under bancor.
This will be huge like eth or neo

https://www.reddit.com/r/Bancor/comments/6vxdti/enjincoin_bancor_partnership/

Good news to see another project goes with Bancor, I think it will take time before bancor price start to pick up, I can see the price do Golem that dropped more than 60% the ICO price and later do 22X price increase provided the team will deliver on their promises
Anarchy101
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August 26, 2017, 05:51:53 AM
 #4248

Got new rumour that enjincoin will be the next smart token using bancor protocol

Yeaaayy more and more ico under bancor.
This will be huge like eth or neo

https://www.reddit.com/r/Bancor/comments/6vxdti/enjincoin_bancor_partnership/

God, if this turns out to be true it can indeed be a huge + for BANCOR.

Are there any other ICO that confirmed using BANCOR?
Red_Sanford
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August 26, 2017, 10:00:34 AM
 #4249

I avoided this ICO because of many reasons but this article sums up the problems very well. This was bringing banking and fractional reserves to crypto. Similar to the announcement that derivatives will start being sold. This is bad for all of us and allows manipulation beyond what the exchanges and small whales are doing.

http://hackingdistributed.com/2017/06/19/bancor-is-flawed/

If you are holding Bancor or thinking of buying it, take a few minutes and read this

This is old, and was debunked, read this - https://blog.bancor.network/this-analysis-of-bancor-is-flawed-18ab8a000d43 .
Also Bancor is working pretty well since the ICO and it's the best proof that Emin was wrong.

Bancor is working alright but the big problem is that people are not in crypto to see a smooth straight line on the charts. We love the volatility because that's what makes us money. Since Bancor is not able to provide that, you can see people losing interest in BNT which is manifesting in the BNT/ETH ratio constantly declining.



There is nothing you can do about it really, and I think when the platform will be fully operational, the interest will come back. Seriously, there are hundreds of pump&dump coins to choose out there, doing 50% up or down daily. Does every project/coin has to be 'get rich quick/loose all quick' scheme? I'd say NO!

Exactly. Most of the coins now and then go up and down up to 30-50% in one day. This means they are not the coins they pretend to be. They are entirely speculative assets. Stuff for people who like to gamble. But then if you lose all your money don't whine. You like to go to a casino? Fine. But be not surprised at some point to lose all your money. Bancor's price is down? Yes, less than 20% vs Ether, but it took two months to slide that much, not 2 hours, like the other coins often do. When Bancor's apps will start to work, expect the price to go up, and for good reasons, not because someone is pumping it for the purpose of dumping it a few hours later.

If you are happy with their response to the article then I there is nothing more to say except

You are wrong about the price
https://icostats.com/vs-eth     https://icostats.com/vs-btc
It's the risk with an ICO though, many are gambles. It is just frustrating when you see that you would have been much better off just holding

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YIz
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August 26, 2017, 10:09:10 AM
 #4250

I guess there are projects who are going to use Bancor soon. The team must be discussing partnerships now.
Zer0p0inT
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August 27, 2017, 09:04:04 PM
 #4251

Is there a roadmap for bancor?

SHITCOINS ARE THE FUTURE
Brilliantrocket
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August 27, 2017, 11:04:51 PM
 #4252

people are slowly but steadly selling this coin...sell now and cry later..i'm very bullish on this one

infact its very cheap now to buy compare to last month price..
buy now and hold.. hoping it will do x10 from here
Mimar
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August 28, 2017, 02:01:40 AM
 #4253



 Huh
Shahrul09
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August 28, 2017, 05:31:11 AM
 #4254

More good news will come for those whose can hold and be patient.
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August 28, 2017, 05:56:21 AM
 #4255

What was the ICO price for this coin? Curious to know if it is trading below the ICO price now.
sud
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August 28, 2017, 06:35:34 AM
 #4256

Is there a roadmap for bancor?

Here is the roadmap - https://trello.com/b/8SaOatUe/bancor-product-roadmap


Is that enjin coin legit?
Gaming coin?
 How many gaming coing is out there now.

Not confirmed yet, but I hope it's true. There are a few gaming coins, and more coming, but this is different. Enjin.com is the largest gaming community platform at the moment (18 mil gamers & 60 mil global views per month) and they just want to add a token to give value for their virtual goods that are already there. So it's not like they have to build userbase, because they are already HUGE! This will be big for Bancor. Soon more ICOs will be using platform, no doubt.
Shahrul09
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August 28, 2017, 11:05:04 AM
 #4257

From someone in telegram

Hello, guys. I'm CEO of KICKICO, we hav integrated with Bancor, thanks to Eyal and Yudi who helped us with the process and explained how it works. We plan to flood Bancor Netrowork with thousands of crowdfunded campaigns soon, so (I personally) expect BNT to skyrocket soon enough. Feel free to PM me questions if you have any; we are waiting for the official confirmation from Bancor guys, but it will take some time to do it properly.



Nothing yet from Bancor teams.
I guess they will do a proper blog to indroduce this new ico.
It's important to remember other tokens don't need Bancor team in order to upgrade to smart tokens. The smart token contract is open source.
Shahrul09
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August 28, 2017, 05:26:00 PM
 #4258

Together they stand: Bancor is becoming the strategic partner for KICKICO

http://www.newsbtc.com/2017/08/28/together-stand-bancor-becoming-strategic-partner-kickico/
Betfair
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August 29, 2017, 12:54:49 AM
 #4259

What was the ICO price for this coin? Curious to know if it is trading below the ICO price now.
its below the ico price now.
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August 29, 2017, 07:12:14 AM
 #4260

Did BANCOR make any official comment about this recent partnership with KICKICO over at their slack? 
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