Bancor: Worst ICO ever?

Bancor continues its decent into hell. How low will it go? According to the ICOstats website, the price is now going below the ICO price... some people were smart and cautious enough to not get involved, since they saw how if it's uncapped, everyone that wanted to buy Bancor already did, so now it's only going down for god knows how long. When will the demand go up and why it should go up anyway?

There is no reason what so ever for Bancor price to increase the coming years. Its just a polished python implementation for smart contracts that has cost 150 million USD

The reason for the Fall is currently un Banco, ETH fall . It is too early to comment .

Quote from: kriptom on July 02, 2017, 03:24:06 PM

The reason for the Fall is currently un Banco, ETH fall . It is too early to comment .

But there's way more than that. You can't say that the ICO is a failure due Ethereum crashing. That may have to do some with it, but it does not justify the price going below ICO. The price should have held above the ICO if it wasn't oversold, but the way they distributed the tokens was a mistake it seems.

I'm really glad I avoided Bancor, but that's only because I got burnt by BAT

Bancor may be the worst ICO so far, but there have been a lot of over-hyped and over-sold ICOs recently, and the trend is for them to get worse.
Tezos is over $100million now, with about a week and a half left to go...

oke so a project just finished an ICO and we all expect x100000000000000 right away? Huh

? its overbought and it needs time. let them first prove and do something?

Hopefully people will learn not to invest in overhyped icos.
These companies don't need +50million to start.

Quote from: thompshma on July 02, 2017, 04:35:38 PM

Hopefully people will learn not to invest in overhyped icos.
These companies don't need +50million to start.

Not only do they not need it, but also have nowhere to utilize such funding and not even a way to handle funds as forclosure isn't part of the plan for crypto currency.

Quote from: alani123 on July 02, 2017, 04:46:10 PM

Quote from: thompshma on July 02, 2017, 04:35:38 PM

Hopefully people will learn not to invest in overhyped icos.
These companies don't need +50million to start.

Not only do they not need it, but also have nowhere to utilize such funding and not even a way to handle funds as forclosure isn't part of the plan for crypto currency.

They can utilize it in bonusses and salaries

A very good project liquidity in terms of Bancor .

I saw worse ICO's but we can say that Bancor failed to deliver anything after ICO. It's no surprise that after they collected 120 million dollar in ETH, ETH value decreased because of huge sales. So ICO investors have 2 times in loss now. They bought Bancor token with expensive ETH, now both ETH and BNT is in very low price range. It's one of the worst ICO's.

it is a big drop from about 17 usd to about 3 usd (now).

The Devs seem very profesional,
the market is different.
I dont know the next price,... nice discussion. I ll follow the update

it's just too early to make a conclusion, the price might be down right now but who knows if the devs make a huge movement that could lead to token into a better rate?
The project itself is funded with huge amount of money and the devs seem have made an important movement to prevent from the price falling into the deepest, Just wait and see, some people even said that bancor is not a short term investment.

Quote from: pereira4 on July 02, 2017, 02:39:37 PM

Worst ICO ever

..

But best SCAM ever!!

Don't worry, some people got very rich with your investment :-)

The ICO was rubbish but its not going below ICO price anytime soon due to the price floor. It will either mirror ETH or it will go up a little bit in my opinion.

I don't like ICO, but also we cannot yell "scam, scam" without evidence. I thing only problem here in volume that is collected, but team is not guilty for this, they did their best to convince you that this is be somethiing special. Investors are responsable for their decisions, end.
But ok now it is too early for conclusions and i don't know why people start to panic instantly after their investment starts trading on an exchange? Wait for a while, this might end up good after all.

Quote from: SonnetStar on July 02, 2017, 03:32:48 PM

I'm really glad I avoided Bancor, but that's only because I got burnt by BAT

But as far as I know and according to the ICOstats webpage... it's still above ICO price.
As long as it's above ICO price then it's acceptable, what's not acceptable and clearly points to failure is when ICO investors are losing money.

Quote from: pereira4 on July 04, 2017, 03:23:55 PM

Quote from: SonnetStar on July 02, 2017, 03:32:48 PM

I'm really glad I avoided Bancor, but that's only because I got burnt by BAT

Well I don't think so. Bancor raised $152,000,000. Market cap of Bancor at the time of writing is: $113,939,275

I clearly don't see how it can be above ICO price...

Also Bancor go down because ETH go down of course. The things is that BANCOR was overhyped and the project itself looks like a bubble in a bubble.
I really don't see BANCOR as a promising project. It is just a pure speculative product no more no less.

Do not forget Waves has been trading under ICO price for more than a year before bringing real profits to its investors, and not even thanks to anything from Waves but from the altcoins global pump...