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Author Topic: Careful out there...  (Read 536 times)
paxmao (OP)
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January 21, 2018, 09:02:27 PM
 #1

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes

QFT
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January 21, 2018, 09:04:16 PM
 #2

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes

You might be amazed of how many people will invest anyway, many people are oblivious.
Quantumplation
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January 21, 2018, 09:05:51 PM
Last edit: April 22, 2021, 12:51:38 AM by Quantumplation
 #3

NOTE: This message was originally not posted by me, but instead by someone who compromised my account.  I have deleted the content.

NOTE: This account was compromised from 2017 to 2021.  I'm in the process of deleting posts not made by me.
ghonkz
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January 21, 2018, 09:07:45 PM
 #4

Some peeps would still to invest on that project as long they gonna make profit from it. like seriously, as lonng you convincing enough with your project and how you want to run it people will believe it.
CisColtz
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January 21, 2018, 09:57:04 PM
 #5

It's bad to see that people are really investing into projects like this without even reading the whitepaper or check out the team and so on. We have the bitconnect the most recent scam and still people are putting money into projects with a dreaming reaching capital.
GreatOrchid
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January 21, 2018, 09:59:28 PM
 #6

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.
But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

What do you mean? It clearly seems that you do not even know how the marketcap works in here.

And what do you mean with bounties? are you just trying to explain how does that ICO works or just how much you will get by draining that bounty like a cow?

Came on... You can easily understand that if there is a limited supply, it CAN NOT increase.
wilberthh
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January 21, 2018, 10:10:52 PM
 #7

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.
But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

What do you mean? It clearly seems that you do not even know how the marketcap works in here.

And what do you mean with bounties? are you just trying to explain how does that ICO works or just how much you will get by draining that bounty like a cow?

Came on... You can easily understand that if there is a limited supply, it CAN NOT increase.


If I'm not mistaken, a coin tend to rise it's value if it has a limited supply right? Sorry, no offense sir!

@OP : 2$ per coin for a 1 billion total supply is really..... bad. What ICO is this by the way?
There will be those people who will invest in it anyway. It can be more than 2$ of course, but it won't be easy. At all.
bamboylee
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January 21, 2018, 10:32:09 PM
 #8

The price alone is a red flag. I will never invest on a 2$ per token when it is still on ICO. That is just too much risk. If it is already live, have a working product, then I can invest on it but not before.

Unfortunately, most investors are too lazy to do their work. They just ride the hype when investing. So there are really very few successful investors on ICOs.
dark1jerk
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January 21, 2018, 11:04:07 PM
 #9

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes


Some trader invests on a coin with promising tech background and future projects.
If they see that they can profit on that coin they will get it make make profit of it.
yura888
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January 21, 2018, 11:07:28 PM
 #10

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes
Agree, the developers create many projects where they have a critical amount of coins they can sell any time . I believe that all unsold tokens should be burn

paxmao (OP)
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January 22, 2018, 10:08:19 AM
 #11

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes

You might be amazed of how many people will invest anyway, many people are oblivious.

Oh yep, the guy is just trying to get his 1 million, so he is likely to succeed because people throw their money to anything that has the keywords and buzz.

paxmao (OP)
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January 22, 2018, 10:09:32 AM
 #12

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes
Agree, the developers create many projects where they have a critical amount of coins they can sell any time . I believe that all unsold tokens should be burn

In this case is not a question of the tokens being kept really, is just a question of setting the token price as if a company was worth billions when it's just a garage thing.

paxmao (OP)
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January 22, 2018, 10:10:32 AM
 #13

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes


Some trader invests on a coin with promising tech background and future projects.
If they see that they can profit on that coin they will get it make make profit of it.

Can't you see the problem here? It is impossible to make a profit, any profit, unless the token goes at leas x1000 if not more.

eaglewhite80
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January 22, 2018, 10:13:28 AM
 #14

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes
Grin Grin I won't be surprised that some investors will still fall for it anyway. It is a crazy world out there in the ICO field, and it takes being extra careful to be able to succeed which is why I do not even bother myself as long as the team does not have a good record or history to hold on to.
DarkDrake
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January 22, 2018, 10:16:49 AM
 #15

yea, if you plan on investing into ICOs you better sit down and read the whitepaper INTIRELY. so many people have asked me why i read so much in the whitepaper compared to scimming it.

i keep telling them that if i am to invest my money into something i will do as much research as humanly possible.
pogpog10
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January 22, 2018, 10:18:27 AM
 #16

This is one of the main reason we see more and more useless or scam ICOs. They now there are so many people in this community who are looking for a place to throw away their money. We should improve ourselves as community to credit right people and right projects. We are still so careless.

cherryganda
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January 22, 2018, 10:21:53 AM
 #17

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes

Scary, ICO like this are into money, once the ICO finished soft cap or hard cap, there nothing matter as the DEV have more coins and he can control the pump and dump on tradings, i am pretty sure that this coin will be listed in just short time. having this kind of coin and whitepaper will side on developers profit.
bearex
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January 22, 2018, 10:27:59 AM
 #18

Nice catch. You really have to read over the total market supply and price per ICO coin. Then compare it to CoinMarketCap coins market caps. Over there you can see, where the suggested coin would land with this price. And if it is evaluated too highly, i suggest backing off  Grin
LancelotRay
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January 22, 2018, 10:29:29 AM
 #19

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION  Grin Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there  Roll Eyes

Can you share which ICO this was for? So other people don't fall for it.

Frankly not enough people do their research, let alone read the whitepapers.
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January 22, 2018, 11:52:22 AM
 #20

There will be lots and lots of people who will invest in this ICO.
They don't care if it's a bubble, they just care about making money, even if it's a scam. Roll Eyes

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