Hello Contraband,
I know the old thread was also closed because of all those negativity-spreading trolls and liars. In this thread though, the user "Cafetools" keeps spamming overly optimistic comments, making this thread very repetitive to read, as there are multiple of those comments on each page.
Was just about to post exactly the same thing man. I totally agree.
It almost irritates me as those comments seem, the least, manipulative.
We all believe that ETN will manage to trade eventually higher that ICO , BUT telling people to buy NOW at these levels because " IT WILL REACH 5$ BY END OF YEAR" and the rest BS is basically
unacceptable and can only do harm to the project.
We all have the right to our opinion and beliefs , as long as they are not used to misguide and manipulate possible investors.
ETN will follow the typical pattern each and every ICO and new entry candidate follows. The price skyrocketed the first 48 hours because of the miners seeking to profit from the enormous hype Electroneum managed to create during the ICO and pre launch phase and taking advantage of the low algo difficulty which is always the case in blockchain launches.
But this price is not representative at ETN current market state and circulation.
Once the ICO investors ,and wannabe-investors who seek to get an easy buck, get their hands on their coins they will most probably sell at least their 80% at market price which may seem normal considering the less than 10 million coins circulation but once 4 billion coins are added to total circulation the price will most probably reach .00000050 sat.
Lets not forget that presale investors got a 50% discount ,so ICO price is 0.005 $ ( almost .00000100 satoshi ) . They can sell all of their ETN coins even at .00000200 satoshi and still get 2x in returns. Imagine what will their reaction be when they will have the opportunity to sell at .00000400 which is ETNs present value.
X8 PROFITS.
Cryptopia trading played a major role in setting the pricing since its user base and BTC value is the smallest , so the demand and supply were almost in equilibrium.
his is the logical, rational approach. Anything else and anyone else believing the opposite is either ignorant , crazy or worse does it in order to manipulate the market.
I will surely do a massive buy in for ETN coins because i believe in the project using my ETN mining profits , but not at these NON REALISTIC price levels.
So, i am asking again ,please do the maths, be rational and dont spread rumors..
You are only devaluating and harming the project.
Ok @cafetools ?
Please.
