delete please

no logic? ok lets say i brought into ICO, now its come out that this is a known scam, its only a matter of time before the price absolutely tanks because the dev owns 90% premine. now you can sit here and believe that outside investors invested in GANJA, but i think we both know its not true.

so now the time ticks away, meanwhile dev is dumping his 90% premine making 10s of bitcoins per day.

so if i dump now, its off my mind, at a small loss, better to dump at 1500 sats and break even than dump in a few days for 10sats when dev has abandoned and onto his next scam.

Quote from: ketos on October 25, 2014, 10:31:36 AM

Your previous post about fud creating excitement? It's not true. What you're doing is manipulating the price and the people that get burned by it are not coming back. Based on your Post history you are either scorned because you sold and regret or you're dropping the price to create volume and buy cheap. You my friend are the one not thinking logically. You are posting and trading on your emotions. I personally am a fan of coins with Premine because it motivates the DEV to be active and innovative. If i were to launch an ICO coin my co workers and I would buy at least 1/2 the ICO. The fact that this coin did not plummet when this "scandal" was brought to light proves that the worst case scenario will not happen. If the 800k coins that were bought from the same BTC account are being sold off they are doing it in a responsible manner that is promoting growth through volume. I'm in this for the long run.

Here is the reason people are selling below ICO price:

The miners. Then the people that bought from the miners. If you look at the charts, it's trending upward because the coins have to wash through the people like this...

Guy A buys at 500sat from miners. He puts them up for sale at 1000 to double his cash.
Guy B buys them at 1000 and puts them up for 1200 because he's afraid
Guy C buys them at 1200 and puts them up for sale at 1400
ETC.

But don't forget that there are still people mining. The miners are not in control of the price, they just sell to the Buy side of the books generally. So as people get more and more excited about the coin and offer more on the buy side the miners dump the price down less and less. This coin is obviously going to explode when it hits bittrex after mining is complete.

+1000 I totally agree with you. The uptrend is clear if you look the daily open/close growth. First day 400 satoshi stable, 2nd day 800 satoshis, 3rd day 1100 satoshi stable line. This is called a stable growth.
As we can see there are obviously ups and downs, with a long-medium term pump scheme. This is not a pump and dump stuff for quick profit. This seems to be a job of very skilled traders and experts. Keeping up the price in this way while still PoW mining is something great, in my pov.

What is amazing is the fact that GANJA is not even PoS stage and seems to have a real and committed dev behind. Bittrex is looking for Ganja, surely. I expect a real growth in terms of popularity and value/price every day it passes, and every dev news that will come.

You've my support community.

just need to correct you there the coin started at 1500 it got dumped to 400 c-cex was not the first exchange

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