Bancor: How low it will go?

[pereira4]

http://coinmarketcap.com/currencies/bancor/

I think this is one of the worst ICO launchs in history. The price has tanked so hard and only keeps going lower. I guess ICO buyers are still above ICO entry price, but for how long?

Can you explain why would anybody want to buy this? Hasn't the reputation of this project been heavily damaged? I heard the smart contract contained some really dodgy stuff.

What are your predictions on this one?

[vincentekb]

I think, that this is the end of ICO hyipes. Now the new cryptoera starts leaded by coins without promises and overstuffed office.
It is so interesting to be in that moment in the market.

[redmi4x]

Bancor is the poison the the cryptomarket. Users will bring absolute trash coins and flood the market. This shit shouldnt even exist and yes the price will tank ultra hardcore- it is overvalued by 100x

[stupid_seb]

Bancor is the poison the the cryptomarket. Users will bring absolute trash coins and flood the market. This shit shouldnt even exist and yes the price will tank ultra hardcore- it is overvalued by 100x

100% agreed.
It will cast a dark shadow on the others cryptos.
On the bright side, projects like Bancor and EOS may kill the ICO hype and put it back to more realistic levels.

[leopard2]

Bancor is the poison the the cryptomarket. Users will bring absolute trash coins and flood the market. This shit shouldnt even exist and yes the price will tank ultra hardcore- it is overvalued by 100x

agree with the poison

not so much with the overvaluation;  overvaluation is relative

The POISON part is that they have a function that generates more token from thin air; this mechanism made it impossible for the price to increase, which allows investors to secure profits, and hodl the rest.

with ICO's and even crypto, there is always risk, so there must be reward. If there is no profit possible, or only a small profit over a very long time (Bancor might take years and lots of purchasers, just to double the price), then why risk the money?  

They should have issued a normal token for investors, and used a smart token only for the Bancor network. As-is, Bancor is worse than Ripple: infinite supply but still centralized  

[BancorAmbassador]

http://coinmarketcap.com/currencies/bancor/

I think this is one of the worst ICO launchs in history. The price has tanked so hard and only keeps going lower. I guess ICO buyers are still above ICO entry price, but for how long?

Can you explain why would anybody want to buy this? Hasn't the reputation of this project been heavily damaged? I heard the smart contract contained some really dodgy stuff.

What are your predictions on this one?

You guys should check out these articles detailing all of the huge developments at Bancor since the ICO.

https://www.forbes.com/sites/montymunford/2017/12/12/bancor-starts-to-deliver-on-its-record-breaking-153-million-ico/2/#4b0fbe67613c
https://venturebeat.com/2017/12/12/6-months-on-bancor-explains-what-happened-after-its-153-million-ico/
https://www.huffingtonpost.com/entry/bancor-reinventing-liquidity_us_5a2fc426e4b0bad787126fed

Also, here's the latest progress update from December: https://blog.bancor.network/bancor-progress-update-466766be1dc6

A lot has happened in the past 6 months and there are plenty of major developments to look forward to in 2018. This is just the beginning!