[BNT] BANCOR - Speculation & Discussion

[thejaytiesto]

According to coindesk, this ICO has been the biggest ICO ever, so it's going to be either a success or a insane ass dump.

The token distribution is pretty ridiculous:

Overall, 79,323,978 Bancor network tokens (BNTs) were created as part of the ICO, with the top token holders now possessing 83.96% of the tokens, or 66,601,702 BNT. Fifty percent of the total tokens, or 39,661,989 BNT, were sold to the public, while the remaining 50% were allocated for future use.

http://www.coindesk.com/150-million-tim-draper-backed-bancor-completes-largest-ever-ico/

[canvan]

If Poloniex takes it 3-5x ICO price is very realistic but if its only bittrex and/or smaller exchanges then I think it will hover around ICO price since they are going to buy back a large number of tokens at ICO price if it drops.

[thejaytiesto]

If Poloniex takes it 3-5x ICO price is very realistic but if its only bittrex and/or smaller exchanges then I think it will hover around ICO price since they are going to buy back a large number of tokens at ICO price if it drops.

I think we may see an evolution of price similar to BAT:

https://coinmarketcap.com/assets/basic-attention-token/

The distribution on BAT was stupid too. I guess the whales are going to hold until the price goes higher to dump. We may see the classic initial dump, then a slow climb, a pump and a dump.

If it goes directly into Poloniex there may be fireworks.

[guclu]

If Poloniex takes it 3-5x ICO price is very realistic but if its only bittrex and/or smaller exchanges then I think it will hover around ICO price since they are going to buy back a large number of tokens at ICO price if it drops.

I think we may see an evolution of price similar to BAT:

https://coinmarketcap.com/assets/basic-attention-token/

The distribution on BAT was stupid too. I guess the whales are going to hold until the price goes higher to dump. We may see the classic initial dump, then a slow climb, a pump and a dump.

If it goes directly into Poloniex there may be fireworks.

Poloniex does not accept trading coins this fast usually afaik, but this bang bancor just had might change their minds

[SaShiRaJaVu]

If Poloniex takes it 3-5x ICO price is very realistic but if its only bittrex and/or smaller exchanges then I think it will hover around ICO price since they are going to buy back a large number of tokens at ICO price if it drops.

Bittrex is one of the big exchanges out there,if it is listed in Polo then the volume and price will increase without a doubt,the ICO was just crazy like the BAT ICO,as it accumulated millions in matter of hours,lets see how profitable the investors will be when it hits the market,with the kind of success they had in their ICO i doubt people will start dumping the coins on hitting the exchange.

[oddwh]

I don't think the price will make more than a 5x, the market cap is already too high. But it doesn't seems the most risky investment, because of people involved and the huge community.

Maybe a lot of people will try to buy it when it will reach exchange because they weren't able to get a few coins at the ICO. Let's see 

[shaninium]

got to .09btc on hitbtc, its being traded there now, cant withdrawal yet and its an iou until bnt is available to withdrawal for everyone.

[sezyumx]

See also transaction poloniex or Kraken because I'm very hopeful.

[thejaytiesto]

If Poloniex takes it 3-5x ICO price is very realistic but if its only bittrex and/or smaller exchanges then I think it will hover around ICO price since they are going to buy back a large number of tokens at ICO price if it drops.

I think we may see an evolution of price similar to BAT:

https://coinmarketcap.com/assets/basic-attention-token/

The distribution on BAT was stupid too. I guess the whales are going to hold until the price goes higher to dump. We may see the classic initial dump, then a slow climb, a pump and a dump.

If it goes directly into Poloniex there may be fireworks.

Poloniex does not accept trading coins this fast usually afaik, but this bang bancor just had might change their minds

Poloniex will accept anything that brings them a lot in trading fees. They will list it almost granted. If they listed stuff like Golem, then Bancor will go in too. I expect it to get listed soon and I can't wait to see how the market reacts. It's a gamble, but I think whales will instadump as usual, at least if its gets added right at the beginning.  If not then the instadump will happen in bittrex, then after a while it may be a good speculation.

[ericzevel]

I doubt a company that created only 40 string of code costs 150 million.
I bet price will go down after listing at major exchanges

300 million, they raised 150 per 50%
I have same doubts

[aikklond]

a lot of money has gathered. awards will not be distributed immediately. award the panel is still open. I think searching for errors. hopefully is not affected much by investors and participants. receivables does not diminish interest. may face problems because it is such a beautiful project. a little patience and needs time. 

[Alfred Hard]

Biggest ICO ever is history

how much do you think the price will go ?

No one can speculate about the price if you will not give a certain time frame. But the thing here is, its a good project, if you are a supporter you should hold for long time. That's the mostly mistake of people nowadays, they intend to have small profit but fast time, but in the end they will regret it because holding is much better. it has been tested by too many coins already. And I have learned that the hard way so believe me.

I got some BNT and I'm certainly going to hold for a good while.

[chutchmcgillicutty]

whens it going up on exchanges? 6/19?

[JeffBrad12]

whens it going up on exchanges? 6/19?

After the BNT token will be tradable after 7 days lock period to avoid the flippers flow away from his money. And you can try to join in the slack channel and telegram channel. And it will be a good place for you to get the more information regarding the bancor token. I think you must prepare yourself if the token can be tradable on another exchange site outside the bancor protocol with instant reserve and orders.

[verti]

You can invest in Bancor indirectly, today I have bought enough Aragon (ANT) to 2.80, will be a travel companion of bancor, they will go together

[vlad06]

What's all this I'm hearing about a major flaw in the code?

[oddwh]

I doubt a company that created only 40 string of code costs 150 million.
I bet price will go down after listing at major exchanges

300 million, they raised 150 per 50%
I have same doubts

That's the crypto world these days... Devs gets millions for every projets they make, and we don't really know why, just because everyone wants to be the first, to have the hope to make a 100x.

Every ICO happening currently collects millions, that's sick  Even 100x less value should be enough to finance these projects.

[barnes13]

Many ICO can reached many fund but this is the biggest as I know, for speculation maybe $5-$10 first Hit in exchange and after 1-2 month can reach more than $20.

[Luke2939]

I doubt a company that created only 40 string of code costs 150 million.
I bet price will go down after listing at major exchanges

300 million, they raised 150 per 50%
I have same doubts

That's the crypto world these days... Devs gets millions for every projets they make, and we don't really know why, just because everyone wants to be the first, to have the hope to make a 100x.

Every ICO happening currently collects millions, that's sick  Even 100x less value should be enough to finance these projects.

Yes, it is insane amount of money that projects are raising nowadays with ICO. And what Bancor has managed to raise is something of another level. I sincerely hope the team can live up to the expectations of the investors and of the entire crypto community or else it can be very toxic.

[pumz]

It should be traded at least $10 after opening its market just by following the trend where every newly added token with huge funds went at least 2 time to 3 time in first hours. For me $10 is good price even it will be between $20-$50 in medium time range seeing its funds and potential can be predicted.