IEOs from binance not worth holding ?

[Kotone]

Since many are saying that IEO is the best initial offering in crypto space today, most especially if they are from top exchange then I started looking for IEO from top exchange, I followed Cartesi which was successful on binance and price was at 0.08$ and today it's down to 0.045$, it looks like this drop will continue because Bitcoin keeps growing since two days ago now but this coin keeps going down, what is going on? Is binance IEO just for short time gains only? Are IEO tokens from binance not worth holding ?

You cant expect a stable price for ieo tokens of course its common that on the first day of trading it will pump hard since the excitement for the project is still there while it decreases as time pass by and this is simultaneous to those who had invested in the project. After earning from their ieo tokens they would jump on other projects on current IEO, thats how simply an investor win. So if you think about it, none really pay attention to the projects of ieo but just on the profits that it can give.

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[bayudndy]

Never buy those tokens as they are listed at exchanges, their prices will certainly be 5-10 times higher than the IEO price. So if you buy them, you're definitely on top. Be patient and wait for the prices of those altcoins to adjust and buy. That is the wisest investment

[WalkerIVIV]

Never buy those tokens as they are listed at exchanges, their prices will certainly be 5-10 times higher than the IEO price. So if you buy them, you're definitely on top. Be patient and wait for the prices of those altcoins to adjust and buy. That is the wisest investment

I do agree with you in this case, We can take the inital price of IEO as the floor to determine a good level to take those tokens. If they were trading above the ico price and we will get a big problem caused by we are betting a very big risk that can drowned our money instantly. The bottom will always become the best time to buy for sure.

[HunterUnchained]

Am afraid not.. IEO tokens on binance follow a particular trend and they are mostly good for pump and dump after immediate listing. Binance tries as much as possible to favor IEO participants by ensuring token listing price is much higher than IEO price. They do this and often times, the tokens pumps and does x2 to x6 of the IEO price and then the token dumps massively. If you are unfortunate to buy the top and hold thinking of continuous pump, you will likely get burnt. The best is to dump when it does a huge pump and then rebuying at the base prices and holding for a future pump.

[hulla]

Since many are saying that IEO is the best initial offering in crypto space today, most especially if they are from top exchange

This is totally wrong because the big exchange site will only make there IEO have good liquidity which didnt justify the project success level after the IEO.

then I started looking for IEO from top exchange, I followed Cartesi which was successful on binance and price was at 0.08$ and today it's down to 0.045$, it looks like this drop will continue because Bitcoin keeps growing since two days ago now but this coin keeps going down, what is going on? Is binance IEO just for short time gains only? Are IEO tokens from binance not worth holding ?

You need to understand that most IEOs are operated through hype and you need to be sure of the project utility level, concept and the project team capacity first before invest in any IEO.

[Denamen]

Am afraid not.. IEO tokens on binance follow a particular trend and they are mostly good for pump and dump after immediate listing. Binance tries as much as possible to favor IEO participants by ensuring token listing price is much higher than IEO price. They do this and often times, the tokens pumps and does x2 to x6 of the IEO price and then the token dumps massively. If you are unfortunate to buy the top and hold thinking of continuous pump, you will likely get burnt. The best is to dump when it does a huge pump and then rebuying at the base prices and holding for a future pump.

It is important that you are fortunate enough to participate in the IEO project at Binance or not because anyone would like to participate in such IEO projects but a lot of competitors make it more and more difficult to participate in. In the past I have participated in 3 IEO projects at this exchange and have made a huge profit so there is nothing to fear if you have a ticket to participate.

[jahepahit]

IEO is not a guarantee that prices will remain stable. although IEO is carried out by renowned exchanges. because that guarantees if the project is successful and whether or not it depends on the product of the project. because the exchange is only helpful in terms of marketing that is temporary.

[ampere]

Ieos on binance or other exchange platforms are worth hodling; but that is not the core message.
The core message is that, all tokens are worth hodling; only time sets them apart from one another.

Which means that you need to do your research, have certain vital informations at hand that will guide when you hodl, and when you need to hodl.
Getting that time right is very important.

[Estrange18]

Sometime it worth. For example WazirX has sown most profit several weeks after main listing. So not always the highest ROI is at the beginning of trading. But most time it is )

[103deltafox]

Well I also followed cartesi,it was a thing of joy for community members to find out it was going to list in binance,while it listed and did some percentage increase,it started dipping, it's now upto the team and their marketing  section to continue there ,and find strategies to boast the project,so the fault isn't from binance as they helped the team raise the required hard cap.

[doctor877]

Holding an altcoin depends on your personal conviction about the project through your research and the p ice level you bought in. So it's a matter of when you bought, why you are holding for long, when to take profit and move on. If it won't be a pump and dump, then the project progress is important otherwise price will keep dumping with other factors being considered.

[gweedo]

Sometime it worth. For example WazirX has sown most profit several weeks after main listing. So not always the highest ROI is at the beginning of trading. But most time it is )

Wazirx also is like Matic, they don't bring too much profit to investors in the first stage when listed. But after a few weeks, the price began to be pumped up and increased many times over the IEO price. Investing in IEOs at Binance always makes us profitable, the point is that we should seize the opportunity.

[South Park]

Since many are saying that IEO is the best initial offering in crypto space today, most especially if they are from top exchange then I started looking for IEO from top exchange, I followed Cartesi which was successful on binance and price was at 0.08$ and today it's down to 0.045$, it looks like this drop will continue because Bitcoin keeps growing since two days ago now but this coin keeps going down, what is going on? Is binance IEO just for short time gains only? Are IEO tokens from binance not worth holding ?

You are making a very basic newbie mistake, just because an ieo is being held at binance it does not tell anything about the quality of the project or whether or not it will be a success in the future or if you will obtain profits with the coin, it is better for you to forget about such simplistic way to look at the markets, the only way to tell if a coin is going to be a success is to look at it and read everything you can find about the coin and their developers, most of the time you will find the coin has no chance to become a success and the few that may seem to be worthwhile investments could still fail depending on the situation the market is at the moment.

[Stanlo]

Since many are saying that IEO is the best initial offering in crypto space today, most especially if they are from top exchange then I started looking for IEO from top exchange, I followed Cartesi which was successful on binance and price was at 0.08$ and today it's down to 0.045$, it looks like this drop will continue because Bitcoin keeps growing since two days ago now but this coin keeps going down, what is going on? Is binance IEO just for short time gains only? Are IEO tokens from binance not worth holding ?

Prices are still higher than IEO prices, so you don't need to worry. After being pumped, the price needs to be adjusted. And I believe that the price of Cartesi will continue to rise soon because this is one of the best projects in 2020

Solana will take the crown this year, even after IEO was over the price pumps alot, since then it never dumps like Cartesi, I guess it still depends on how demanding a project is, Solana is more demanding than Cartesi, that's the point