Binance’s IEOs keep Dumping, but why?

[Kiefner]

Any coin is subject to speculation. We can not say that this situation will have a bad impact on the stock exchange. This is just the time in the market, don't worry about it.

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[Twinkledoe]

I think its out of hand of Binance already I guess. They are the host exchange for matic but their project has been long done from IEO of course if youre in a bad market expect dump. Dont find reason to dig it up cause the only thing that make it dump is probably whales manipulations. Matic doesn't also can control this kind of activity.

Binance can't control what's happening to every coin. If the dev team wants to dump, BNB can't dictate such thing. Though they have done their own evaluation before accepting this project under their IEO launchpad, yet they won't know the real plans of the team. So if the team wants to gain money and sell their possession, it is entirely on the team not on BNB.

[Pearls Before Swine]

If they will not stop launching crap IEOs on their platform, the trust and credibility are at stake here.

I doubt that's true, because binance has a solid reputation as a good exchange, especially after surviving that 700 btc hack.  It doesn't matter if they keep launching crap ieo's or not.

If you're asking yourself why tokens like matic fell so much, just look at all the other tokens that are already out there and also take a look at how the overall market is doing.  It isn't a great time to be launching *anything* new right now.  That's why companies don't like ipo's when the stock market is falling.  I'm not sure why binance doesn't realize this, but maybe they think there are enough suckers out there that'll buy crap like matic.  Obviously there aren't.

[Aabcde]

Dump or not is actually not a problem caused by the exchange but by the traders and dev. So do not be surprised even in a good and large exchange, events like this can happen. What I don't like is that sometimes people expect a lot with a large exchange and if it doesn't meet expectations, the exchange is blamed. Whereas from the first ico, ieo or the like does not guarantee 100% your profit. Therefore I never want to touch or jump in there.

[LouVandetta]

That is why some says that IEO is good only in the beginning. When it just got listed in the market. That's the best part, they said. Especially if we've joined the IEOs lottery, which is that the price is a lot cheaper before it gets listed. It's almost like the price after the listing is guaranteed to give you a decent amount of returns.

Even though Binance already denied that the Matic team has nothing to do with it, but people can't help to feel that there must be something behind the flash crash.
Well it's no wonder seeing the price keeps getting low and even lower considering all these bad news here and there.

[andika2018]

In my opinion, IEO in large exchangers rises in price because it is speculative in the short term. For the long term, investors will certainly see the potential for product development and I think it's reasonable because prices will seek a balance between demand and supply.

[bgaf]

I dont see a reason why we specifically observed Binance IEOs, how about creating a general slice up of every major exchange such as Houbi, Okex, Gate, Kucoin and others right? It seems that the Binance are getting some fud here. Its not the Binance fault why the observation of their IEO on the downfall its the market who decide.

[Itsmylife]

I dont see a reason why we specifically observed Binance IEOs, how about creating a general slice up of every major exchange such as Houbi, Okex, Gate, Kucoin and others right? It seems that the Binance are getting some fud here. Its not the Binance fault why the observation of their IEO on the downfall its the market who decide.

This is just a game of whales. Not just the IEO project, look at others, TOMO was pumped x2 last night for a few hours and then returned to the previous value, I think this market is no longer suitable for small investors. The value of the project does not seem to depend on quality and achievements, it only depends on the benefits of a few small groups.

[NathanJB]

I dont see a reason why we specifically observed Binance IEOs, how about creating a general slice up of every major exchange such as Houbi, Okex, Gate, Kucoin and others right? It seems that the Binance are getting some fud here. Its not the Binance fault why the observation of their IEO on the downfall its the market who decide.

This is just a game of whales. Not just the IEO project, look at others, TOMO was pumped x2 last night for a few hours and then returned to the previous value, I think this market is no longer suitable for small investors. The value of the project does not seem to depend on quality and achievements, it only depends on the benefits of a few small groups.

No, this is not a game anymore. The fall is rather continuous. The fall in Matic's price has been happening in a few days already. The fall is not normal even. It is rather big. And the fall in price is happening at the same time while there is also a fall in volume. The price had just lost more than 100% of its value. The volume is also losing more than 100%. All these have affected the image of Matic and there might be more falling to follow.

[ecnalubma]

It is least expected in unregulated markets, where manipulation is inevitable and can happen anytime. I believe Binance has no direct influence with Matic's mess. People should stop complaining about the dumps, because it is common bet they know risk of any crypto investment, this is the reason why we should refrain from buying junks.

[danherbias07]

What do you expect from an altcoin?
This kind of manipulation is not even new by now.
Altcoins being dumped and even new ones finishing an IEO type of offering will be dragged by it.
Even if it is listed with the most popular exchange like Binance. That is more of the reason since traders are more lively there.
There is just no guarantee for it to gain value in just a manner of time.

[Reid]

Listed in Binance. It will be a target for traders.

They listed all the possible answers to all the dumped that had happened. I don't think it is an inside job too.
It is only the fact that it was listed on a very popular exchange with a high volume of traders that could easily manipulate the price.

Well then, if they are so sure about their project then it is a good opportunity for buyers now.
I am looking at Matic project now and thinking of buying if ever I found proof in their legitimacy.

[Pamadar]

It is least expected in unregulated markets, where manipulation is inevitable and can happen anytime. I believe Binance has no direct influence with Matic's mess. People should stop complaining about the dumps, because it is common bet they know risk of any crypto investment, this is the reason why we should refrain from buying junks.

As if binance will let the public knows if ever that they have something behind this actions. It's investors obligations to research and make a better assumptions in any form of investment that they'll going to take, manipulations is part of the market as there's a big investors who can dictate the
directions of certain projects, either whales or the developers itself can do manage to change the directions of the coin.

[metenjean]

Not only Binance I think almost IEO exchange have lower price like on Gate market, kucoin and Huobit exchange market. Not success of IEO with higher price after many problem faced by bitcoin and altcoin have lower price right now and many IEO coin listed with lower price and keep down.

[boris singer]

It is least expected in unregulated markets, where manipulation is inevitable and can happen anytime. I believe Binance has no direct influence with Matic's mess. People should stop complaining about the dumps, because it is common bet they know risk of any crypto investment, this is the reason why we should refrain from buying junks.

As if binance will let the public knows if ever that they have something behind this actions. It's investors obligations to research and make a better assumptions in any form of investment that they'll going to take, manipulations is part of the market as there's a big investors who can dictate the
directions of certain projects, either whales or the developers itself can do manage to change the directions of the coin.

I noticed that only Celr and One had the effect of panic at the same time in yesterday's matic incident. The binance steps are correct to avoid chronic fud, but there is no valid scope yet regarding the results of the investigation. Complaints have begun to subside, and the impact of the decline is now fundamentally re-concentrated from the influence of bitcoin. I'm just still questioning the attitude of Matic developers who still seem ambiguous.

[upyem2k]

I am not one of those that believe exchange on which IEO is conducted determines the success. The project success depends on the team and how achievable their objectives are.

[shoreno]

I am not one of those that believe exchange on which IEO is conducted determines the success. The project success depends on the team and how achievable their objectives are.

you got a point . one example is on here . ieo on binance still got dumped despite of its reputation as a good exchange  but exchange listing is also important because no matter how good your ieo project but if your only going to list it on a bad exchange i dont think that it will shine too much   .

 its nice that we have seen a reason on why binance ieo's got dumped , this should keep the investors calm down  and not to worry too much   .

[infarterr]

I am not one of those that believe exchange on which IEO is conducted determines the success. The project success depends on the team and how achievable their objectives are.

Right, but for the exchange also must be seen, because the project team after making a good concept and being able to achieve the vision and mission of the project, then immediately choose a good exchange for their products, so the exchange must also be considered.

[shadowdio]

There is no altcoins that always on high price, expect the down price of a coin after reaching the highest price and who knows not just those bag holders who dumped it, maybe the team secretly dump their coin.

[sockpuppet1911]

Wait they now claim that team didn't sell? Well that's interesting and i guess i have to take another look at matic now. I would hope that binance had enabled really low buy orders to get dips like these. But for some reason i can't set any sells too high or buys too low.