MarathonMike
Diamond Member
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- #41
Fueri question please: What is your opinion on the NVO ICO?
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Fueri question please: What is your opinion on the NVO ICO?
Fueri question please: What is your opinion on the NVO ICO?
I'm cautious with ICO's in general, although I've made good money on them.
I think a lot of folks are seeing this ICO model raising millions on very little other than a website and a whitepaper and cranking them out to raise a ton of money without actually having much of a product, so they can be dicey and I'm worried that this space is being flooded by opportunists rather than people developing serious applications that actually merit anywhere near the money I see being poured into them.
my strategy has been to buy then get back my original investment plus a target profit of 50% or so which, over the span of a few months is pretty good, obviously. If I think the ICO has long-term legs and between investment and the opening of trading on their token they are completing their milestones and they look like they're on track I'll leave some in, if any of that doesn't look right I'll cash out totally back to bitcoin.
In a general sense I've used them to grow my bitcoin/ethereum numbers, but haven't left a lot in them for the long term.
I have never lost money on one of these, although in a general sense I think these ico's are a gamble, as their valuations post ico make no sense from a balance sheet perspective and will have to crash to earth at some point.
see this bloomberg article on these.
These Digital Tokens Are Making Bitcoin's Huge Rally Look Tame
In terms of NVO specifically I don't know any more than what I've read in the white paper. I like the idea of a decentralized exchange and think it fits the space well. What I don't like is the team, which seems thin at 2 guys without much of a track record.
I may buy a small amount ~.25btc worth, which I would put through my typical regimen of pulling out my original investment back to btc with some profit as soon as trading opens on them on one of the exchanges, and keeping a close eye on what they'e actually doing rather than what they promise to be doing.
you can see other ICO offerings here:
Token Investor | Crypto Coins, Tokens, and Validator Keys
Took my first profit in ETH today. I don't like the volume action. I may have jumped off a rocket ship, (wouldn't be the first time) but like the great man once said, nobody ever went broke making money on a trade.Fueri question please: What is your opinion on the NVO ICO?
I'm cautious with ICO's in general, although I've made good money on them.
I think a lot of folks are seeing this ICO model raising millions on very little other than a website and a whitepaper and cranking them out to raise a ton of money without actually having much of a product, so they can be dicey and I'm worried that this space is being flooded by opportunists rather than people developing serious applications that actually merit anywhere near the money I see being poured into them.
my strategy has been to buy then get back my original investment plus a target profit of 50% or so which, over the span of a few months is pretty good, obviously. If I think the ICO has long-term legs and between investment and the opening of trading on their token they are completing their milestones and they look like they're on track I'll leave some in, if any of that doesn't look right I'll cash out totally back to bitcoin.
In a general sense I've used them to grow my bitcoin/ethereum numbers, but haven't left a lot in them for the long term.
I have never lost money on one of these, although in a general sense I think these ico's are a gamble, as their valuations post ico make no sense from a balance sheet perspective and will have to crash to earth at some point.
see this bloomberg article on these.
These Digital Tokens Are Making Bitcoin's Huge Rally Look Tame
In terms of NVO specifically I don't know any more than what I've read in the white paper. I like the idea of a decentralized exchange and think it fits the space well. What I don't like is the team, which seems thin at 2 guys without much of a track record.
I may buy a small amount ~.25btc worth, which I would put through my typical regimen of pulling out my original investment back to btc with some profit as soon as trading opens on them on one of the exchanges, and keeping a close eye on what they'e actually doing rather than what they promise to be doing.
you can see other ICO offerings here:
Token Investor | Crypto Coins, Tokens, and Validator Keys
Took my first profit in ETH today. I don't like the volume action. I may have jumped off a rocket ship, (wouldn't be the first time) but like the great man once said, nobody ever went broke making money on a trade.Fueri question please: What is your opinion on the NVO ICO?
I'm cautious with ICO's in general, although I've made good money on them.
I think a lot of folks are seeing this ICO model raising millions on very little other than a website and a whitepaper and cranking them out to raise a ton of money without actually having much of a product, so they can be dicey and I'm worried that this space is being flooded by opportunists rather than people developing serious applications that actually merit anywhere near the money I see being poured into them.
my strategy has been to buy then get back my original investment plus a target profit of 50% or so which, over the span of a few months is pretty good, obviously. If I think the ICO has long-term legs and between investment and the opening of trading on their token they are completing their milestones and they look like they're on track I'll leave some in, if any of that doesn't look right I'll cash out totally back to bitcoin.
In a general sense I've used them to grow my bitcoin/ethereum numbers, but haven't left a lot in them for the long term.
I have never lost money on one of these, although in a general sense I think these ico's are a gamble, as their valuations post ico make no sense from a balance sheet perspective and will have to crash to earth at some point.
see this bloomberg article on these.
These Digital Tokens Are Making Bitcoin's Huge Rally Look Tame
In terms of NVO specifically I don't know any more than what I've read in the white paper. I like the idea of a decentralized exchange and think it fits the space well. What I don't like is the team, which seems thin at 2 guys without much of a track record.
I may buy a small amount ~.25btc worth, which I would put through my typical regimen of pulling out my original investment back to btc with some profit as soon as trading opens on them on one of the exchanges, and keeping a close eye on what they'e actually doing rather than what they promise to be doing.
you can see other ICO offerings here:
Token Investor | Crypto Coins, Tokens, and Validator Keys
Nobody "invests" in Bitcoin.
Fueri I read that Amazon was considering accepting BC for payment but did not adopt it. Do you think it is feasible that Amazon could make their own coin? They seem to be getting into just about everything so it would seem logical they would want to have their own currency. What do you think, would they do it? If so how might that affect BC and ETH?
Fueri, what is your take on the trading issues at Coinbase? I read that a multi-million dollar sale triggered a bunch of stop loss orders that led to the halt in trading and an enormous flash drop and then rebound in the price of ETH. It seems like they will have to put some sort of order limit until the market cap grows enough to withstand the whales.
Confidence is everything. Changes have to be made and soon to these crypto exchanges. I didn't realize ETH's price actually crashed to 10 CENTS, albeit very briefly and then shot back up to over 300 dollars. The reddit post was very informative. That is a classic example of a very smart guy outsmarting himself. Circuit breakers may have to be implemented just like they exist on the stock exchanges. Perhaps even limiting the maximum order amount so that a big boy can't cannonball all the water out of the pool. If you did that, even if he/she split up the mega order into a bunch of smaller ones that would give traders time to react.
Fueri, have you thought about what a re-entry point might be? Will it be price based or are you going to wait until definitive measures are in place to safeguard a more orderly market? In the posted write up I saw yesterday about the flash crash, the author stated another flash crash "will happen again". Not exactly the warm fuzzy!
For me, there is enough upside potential to start buying back in if ETH drops to the $250 level.
I haven't looked into it, but I just saw that bitcoins are now worth more than an ounce of gold. If anyone owns them or understands how this "currency" works, please explain.