joseyphil82 (OP)
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July 12, 2019, 02:57:06 PM |
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The buyback mechanism really have good effect on dumpers trying to dump their tokens ,lately two projects I promoted started buying back their own token from bounty hunters or big whales who wants to sell off and move on ,the first project is miracle tele project and the buyback is already on going ,the second one is about to start and the name is CHELLE Coin, buying back tokens is a brilliant idea what do you guys think?
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bttmember
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AMEPAY
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July 12, 2019, 02:59:55 PM |
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Yeah it is awesome thing to save price to dump to the floor while providing an exitto people who need cash, i think every project should offer this option especially when they have raised decent funds then it should not be an issue for the project.
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poornamelessme
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July 12, 2019, 03:00:20 PM |
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The buyback mechanism really have good effect on dumpers trying to dump their tokens ,lately two projects I promoted started buying back their own token from bounty hunters or big whales who wants to sell off and move on ,the first project is miracle tele project and the buyback is already on going ,the second one is about to start and the name is CHELLE Coin, buying back tokens is a brilliant idea what do you guys think?
Well, it works for the stock market. But it's not really a healthy way for a coin to maintain its health. Nor even possible for a lot of crypto projects; not every dev has enough to buy back their coins like that.
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poodle63
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July 12, 2019, 03:31:12 PM |
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The buyback mechanism really have good effect on dumpers trying to dump their tokens ,lately two projects I promoted started buying back their own token from bounty hunters or big whales who wants to sell off and move on ,the first project is miracle tele project and the buyback is already on going ,the second one is about to start and the name is CHELLE Coin, buying back tokens is a brilliant idea what do you guys think?
It looks like the buyback is not yet started and can you confirm about this? i watch the telegram group recently and it's still on the distribution phase. Buyback is not always brought the price to the moon or prevent the dump of what is really needed was the liquidity to support the buyback program. It's not even enough to use buyback method without any buy support.
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nicecrypto
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July 12, 2019, 03:31:41 PM |
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i don't think it solve the problem of dumping, i have seen a project claiming to be carrying out buyback program yet price of tokens continue to go to the bottom, maybe because it was in a bear market period the buyback was carried out because at that moment it was not reflective on the price, i think buyback plus real product to create demand will affect price positively.
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RockDJ
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July 12, 2019, 04:24:23 PM |
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Buyback goes a long way to stabilise coin prices. Big platforms always employ this method to restire asset value. Usually they buy back and burn to prevent it ever going into circulation again. Generally, any platform with this mechanism like Binance is more attractive to investors than the rest
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Rohtox
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July 12, 2019, 05:03:53 PM |
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BuyBack is good for Short Term In my opinion it's just a bad strategy for the Long Term. Develop the main product of project is actually better way to support the price and make it stable or even grow up (if it's not stable coin / token that backed-up with assets)
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iTradeChips
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July 12, 2019, 05:08:33 PM |
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Having a buyback mechanism is really a good thing for companies to consider. Of course they could buy back in a way that it will not be a hustle for them financially specially if there are many bounty participants who want to avail of that buyback mechanism. Unfortunately not all bounty projects are like that so many tend to just hold their tokens or coins for a long time.
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sukoyomi
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July 12, 2019, 05:11:26 PM |
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Yeah it is awesome thing to save price to dump to the floor while providing an exitto people who need cash, i think every project should offer this option especially when they have raised decent funds then it should not be an issue for the project.
I will so aggree if every project use this option because not only does it make investors comfortable without worrying about losing, bounty hunters will also be happy because coins that they get are have price according to the raw price, so they also get results that are commensurate with the work.
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krisnajsadrak
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July 12, 2019, 05:19:05 PM |
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The buyback mechanism really have good effect on dumpers trying to dump their tokens ,lately two projects I promoted started buying back their own token from bounty hunters or big whales who wants to sell off and move on ,the first project is miracle tele project and the buyback is already on going ,the second one is about to start and the name is CHELLE Coin, buying back tokens is a brilliant idea what do you guys think?
this is great strategy from the project team to prevent the dumping actions from the bounty hunters but, if the price still down and below the crowdsale price, thats mean the dumping actions is not coming from the bounty hunters buddy because not all bounty hunters will sell their rewards earlier, few of them will hold their rewards if they believe to the project
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EdenHazard
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July 12, 2019, 05:31:41 PM |
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We can't rely on it, it is a useless thing. Can you imagine when you bought even for some people who agree with what you say but some people over there only wait the price is increasing and they will sell it, you will get nothing from it. The good project/token didn't need need these thing, but it will rely on the potential of the project itself. Investor will find it and they will think that the token price will increase when the alt season comes. To promote some tokens that you hold by yourself is not good idea, you have to find some interesting news about the token and shere it in this forum or in other social media.
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hongus
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July 12, 2019, 05:49:49 PM |
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The buyback mechanism really have good effect on dumpers trying to dump their tokens ,lately two projects I promoted started buying back their own token from bounty hunters or big whales who wants to sell off and move on ,the first project is miracle tele project and the buyback is already on going ,the second one is about to start and the name is CHELLE Coin, buying back tokens is a brilliant idea what do you guys think?
If the project makes a ransom, then you should not sell it. The fact is that maybe they will greatly grow up and such large projects will regret selling it. Tele is a good project. I am sure that those who tried to arrange a dump truck will regret it.
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[btc]YSG
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July 12, 2019, 05:56:36 PM |
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Yes, you're correct implementing a buying back and burning tokens plan will help projects solve the problem of dumping but the challenge is that most of the funds projects get from their token sales these days are barely enough to sustain it to a beta stage or a finished product.
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Jhonyjon
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July 12, 2019, 05:58:01 PM |
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I think the buyback is very important but it must also be considered in the state of the market itself. because it is the market that will determine the price up or down, because if only buybacks are held without a market strategy, the buyback will be in vain.
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Kevlar
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July 12, 2019, 05:58:46 PM |
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The buyback mechanism really have good effect on dumpers trying to dump their tokens ,lately two projects I promoted started buying back their own token from bounty hunters or big whales who wants to sell off and move on ,the first project is miracle tele project and the buyback is already on going ,the second one is about to start and the name is CHELLE Coin, buying back tokens is a brilliant idea what do you guys think?
Last year, the first project that began to buy back their tokens was Heronode - at that time it was something incredible that people didn’t believe and that is why the project, which had to go to minus on the stock exchange, was 50 percent more expensive! It was very cool. Now it can be seen quite often and it inspires confidence in the project!
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bering
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July 12, 2019, 06:02:34 PM |
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Buyback might be good idea but the question is how far people willing to support it because usually people not too excited to recovered the price from particular tokens and sometimes it could be useless or recover price will not last long if after that people starting to sold the tokens again or dominated by sell support
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Kemileye
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July 12, 2019, 06:22:49 PM |
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The buyback mechanism really have good effect on dumpers trying to dump their tokens ,lately two projects I promoted started buying back their own token from bounty hunters or big whales who wants to sell off and move on ,the first project is miracle tele project and the buyback is already on going ,the second one is about to start and the name is CHELLE Coin, buying back tokens is a brilliant idea what do you guys think?
Yes, buy back a very good mechanism to prevent dump of tokens at a ridiculous price. It really helps a project to have a moderate price on exchange because most buy backs are always at ICO price. I hope more project adopt this mechanism so that price of their token won't just dump anyhow on exchange.
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lohladex
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July 12, 2019, 07:47:04 PM |
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Buying back is a very healthy technique to keep project moving and growing .Its a pity not all Team adopt this strategy which often leads to the project becoming dead in the nearest future. Buying back techniques is very healthy for ICO or STO Projects.
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silverleafy
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July 12, 2019, 07:50:30 PM |
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For a short time yes, but think about long term, they can´t buy back all tokens tha tthey sold. But a good example that this strategy works is CounthingHouse.
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ashmodeus
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July 12, 2019, 07:53:56 PM |
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The buyback mechanism really have good effect on dumpers trying to dump their tokens ,lately two projects I promoted started buying back their own token from bounty hunters or big whales who wants to sell off and move on ,the first project is miracle tele project and the buyback is already on going ,the second one is about to start and the name is CHELLE Coin, buying back tokens is a brilliant idea what do you guys think?
not for all actually , for example if the project have a huge bonus on sales period , they just buyback a shit . and the prices still same as before.
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