udidrone
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Leading Crypto Sports Betting & Casino Platform
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July 23, 2019, 10:59:38 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 is good, but need really research from the developer itself. Because when buy back, people who bought in the lowest price usually take action too and they make sell wall because they think they already get profit. It can be barrier for price to pumped. For me, coins or tokens that already dumped really hard to increased again.
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Ziskinberg
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July 23, 2019, 11:28:17 PM |
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That's a great initiative for the team, but it doesn't mean the coin is safe form dumping. IIRC, there is one ICO project I know in the past that have buy buck their coins but on a limited period only, some sold their tokens and some continue to hold even the price is lower than the ICO price because it build their confidence higher, but unfortunately the token still ended up dumping in the long run.
IMO, buyback only solve the temporary dump of the tokens.
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Zicadis
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Dump it!!!
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July 23, 2019, 11:36:43 PM |
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99% of projects don't have the funds to buy back their tokens, plus their project is just a ploy to grab money.
Why would they buy back their monopoly tokens for real money, lol?
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kevinzxz
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👉bit.ly/3QXp3oh |🔥Launchpad on TON
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July 23, 2019, 11:43:12 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?
buyback did increase coin prices but it was only temporary, because buyback did not make coin prices continue to increase, so in my opinion the buyback only had a good impact for the short term and the price might fall again, but at least a buyback can reduce the risk of falling coin prices too far, therefore many projects do not make a buyback and use the money to develop the project, because the prices will increase by themselves and of course the increase will last for the long term if the project from the coin has very good progress.
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Maslate
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July 23, 2019, 11:51:35 PM |
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I will only be doing a buyback if I could see some indications that it will have chances to recover later. Doing this thing is such a big risk into our part especially when we are buying those newly created coins. And even we do buyback but still is not an assurance that we could stop it from dumping cause in the other part that some of us are still selling it down.
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TravelMug
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July 23, 2019, 11:58:23 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?
buyback did increase coin prices but it was only temporary, because buyback did not make coin prices continue to increase, so in my opinion the buyback only had a good impact for the short term and the price might fall again, but at least a buyback can reduce the risk of falling coin prices too far, therefore many projects do not make a buyback and use the money to develop the project, because the prices will increase by themselves and of course the increase will last for the long term if the project from the coin has very good progress. Exactly, it is just delaying the inevitable, just a temporary solution, but eventually the dump will be forthcoming, so I doubt that this will be a good solution in the long run. Although, I like this practice coming from a project, it means that really don't want their tokens to tank in the market, but dumpers will be dumpers and as long as they can make money then there's no doubt that they will do it in an instant.
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lobo13hf
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July 24, 2019, 04:45:57 AM |
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Buyback mechanism by the team obviously helps a great deal to prevent massive dump especially after distribution of airdrop/bounty tokens. Some projects did it in the past and the impact was positive.
It's a great deal but the question is how the team can put a lot of effort to create a regular update. i guess the investors will be feeling fine to see that but the fact that when no update has been created and investors have started to feel panic. It's a good idea for short term only.
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peterlustig
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The Fourth Generation of Blockchain in DeFi
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July 24, 2019, 04:52:40 AM |
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It's a good idea to keep the coin floating on the market but what will happen when the team runs out of funds to buy back the tokens? Because when they run of funds to buyback I think the tokens value will fall at a much faster rate?
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fudster
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July 24, 2019, 04:56:38 AM |
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Not going to solve dumping but you're giving opportunity the early investors and bounty hunters to profit. When the token is going to be on the market, it will still have to be dumped by holders.
All the tokens that is sent to the exchanges are going to be dumped before those traders buy back.
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TheWolf666
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July 24, 2019, 05:15:59 AM |
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Buying back does not fix the problem at the root. The problem is that many people are not helping coins by mining and dumping for example. Coins should be careful to who they are vesting their money. If you let too many miners, if you go into the auto select pools, if you give millions in bounties, it might help to get some popularity at the very beginning, but all these people are not real supporter of the coin. If you have to buy back your own coin, that means that you failed to attract people who cares about your projet. As an investor, stay away from these coin, they are not healthy, they are just short term projects that goal is to make short term money. Your investment is at risk when playing with these coins.
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Pamadar
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July 24, 2019, 11:48:48 AM |
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could have made the token survive, but the possibility of going up higher than before was only from buying back, I think it hasn't been effective. because people still see the same token from before. I focused more on the products they developed, whether they could be useful or not. if I only buy back, I don't think it can make the tokens last longer.
Buyback indeed can extend the token not being completely dumped inside the exchange, chances to continue fulfilling the progress if the team behind did a good strategic plans and work with possible ways to avoid the project being dumped, it's a good sign that they are aware of possibilities to happen after the listing and they are trying to work it out while working as well with the future of their project.
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Koobtcgal
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July 24, 2019, 12:08:18 PM |
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Buyback is good if there are few circulating supply because buying back from a few people when there are many of the tokens still in circulation will not solve anything. It will just be like buying at a higher price when everyone knows the price is cheap. But in some sense, it just makes the project seems legit because the devs are serious about the tokens. If it continues for along time, it can drive a lot of people into it but that doesn't usually happen. Buybacks just start and end without any good reasons.
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ridha inoue
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July 24, 2019, 12:28:58 PM |
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Yeah i think that the good solution to stop the dump price ever. We can said if we buyback it mean dump is stop and we can handle the pricr to grow up again. This is we need.
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Freny250
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July 24, 2019, 05:22:47 PM |
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Is true that buy back solve dumping issue but its just a temporal solution. I will prefer that project works on a real usecase product that will create constant demand and increase of price. Price should not be the only thing keeping investors in a project let the product also keeps them
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poornamelessme
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July 24, 2019, 05:29:19 PM |
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Buyback solutions aren't true solutions... just a temporary bandaid on a problem that typically won't hold up. It sounds good from an investor standpoint, as then some sort of profit is guaranteed. But generally all it results in is that the dev team needs to lose a big chunk of their own funds before the coin breaks through the buyback wall.
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Zionatin
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July 24, 2019, 05:35:20 PM |
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I think if a project is so weak it gets tanked by bounty hunters dumping then it is not a good project to begin with. Think about it. A good dev team would be so sure about their project that they would not even see dumping as a problem.
Blame the project for failing and the people who support scams instead of good projects. If the money went to good projects instead of scams things will go a lot smoother.
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gurunanakji777
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July 24, 2019, 06:27:06 PM |
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Obviously its a brilliant idea for a project dev to consider buyback their tokens if they are afraid of dumped their coins when listed on exchange by bounty hunters or whales. In my opinion if Buyback option would be adopted by more project devs it would be quite good step for projects.
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SistaFista
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Hexhash.xyz
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July 25, 2019, 02:12:42 AM |
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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?
Indeed, without buyback, the coin price will be hard to rise from the bottom. Unless the project have a quick development and releasing products, there won't be any price recover from the dump. Buyback also attract new investors because the price of the coin is rising.
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barbara44
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July 25, 2019, 08:14:46 AM |
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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?
Very brilliant idea, and it helps the value of the token grow, I guess they are just learning from the strategies of Binance, because this was the strategy that Binance first used in making their value appreciate, I learnt that what Binance usually do then was to buy back all these tokens, and they just don’t buy them to keep, they buy them to burn, so they burn the tokens thereby reducing the supply of the token available in the market and then the demands available will continue to grow the value, and we know that this is the strategy that make the value of a coin grow more, the higher the demand and lesser supply, the more the value will grow. For these companies that have also adopted same strategy, I guess it is very okay provided they will burn the token.
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dautay_crypto
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July 25, 2019, 03:10:58 PM |
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Very brilliant idea, and it helps the value of the token grow, I guess they are just learning from the strategies of Binance, because this was the strategy that Binance first used in making their value appreciate, I learnt that what Binance usually do then was to buy back all these tokens, and they just don’t buy them to keep, they buy them to burn, so they burn the tokens thereby reducing the supply of the token available in the market and then the demands available will continue to grow the value, and we know that this is the strategy that make the value of a coin grow more, the higher the demand and lesser supply, the more the value will grow. For these companies that have also adopted same strategy, I guess it is very okay provided they will burn the token.
Binance applies creative method and it helps them to maintain and boost the price of BNB. However, I doubt that other exchanges can get same kind of success with same strategy, because that strategy has become a new trend, then when the trend comes to its end, it will be hard for late-joiners to get success. ICOs, IEOs, buy back and burn, they all good games for early comers.
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