Bancor has lost more than half its value since June ICO
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Re: Bancor has lost more than half its value since June ICO
#2Volatility in cryptocurrency-based securities? I am shocked, shocked.
Re: Bancor has lost more than half its value since June ICO
#3What? This is like every shit coin. Tons of them tank to near zero and deflate. Anyone who thinks these coins are legitimate are fooling themselves. They are built with one core requirement, do just enough to differentiate from other coins, pump it, get out.
The average person can't understand 99% of the specs of these coins, it's all speculation. The whole thing is a ponzi scheme.
Re: Bancor has lost more than half its value since June ICO
#4Why not name the coin in the title? Bancor.
Re: Bancor has lost more than half its value since June ICO
#5I'm sure Bancor couldn't care less about their token price collapsing. They've already got all of the "investors'" money.
In fact, they could just walk away right now instead of carrying on developing the system. The brave new world of ICOs offers no protection against companies failing to follow through on their ICO roadmap. Maybe Bancor could use the token collapse as an excuse to quit now?
Re: Bancor has lost more than half its value since June ICO
#6Why not name the coin in the title? Bancor.
In this case the more general title is superior. I, for example, had never heard of bancor so wouldn't have clicked on the article.
Re: Bancor has lost more than half its value since June ICO
#7What? This is like every shit coin. Tons of them tank to near zero and deflate. Anyone who thinks these coins are legitimate are fooling themselves. They are built with one core requirement, do just enough to differentiate from other coins, pump it, get out. The average person can't understand 99% of the specs of these coins, it's all speculation. The whole thing is a ponzi scheme.
Just because some ICOs can be scams is no reason to write off the entire concept as a scam.
Re: Bancor has lost more than half its value since June ICO
#8What? This is like every shit coin. Tons of them tank to near zero and deflate. Anyone who thinks these coins are legitimate are fooling themselves. They are built with one core requirement, do just enough to differentiate from other coins, pump it, get out. The average person can't understand 99% of the specs of these coins, it's all speculation. The whole thing is a ponzi scheme.
Just because some ICOs can be scams is no reason to write off the entire concept as a scam.
The entire concept is a multi level marketing scheme.
Re: Bancor has lost more than half its value since June ICO
#9Earlier quoted context omitted.
Just because some ICOs can be scams is no reason to write off the entire concept as a scam.
The entire concept is a multi level marketing scheme.
And this reductive reasoning can be applied to the stock market or for that matter any cryptocurrency - that doesn't make it right.
Re: Bancor has lost more than half its value since June ICO
#10Bancor plummeted right after the ICO. It's still above it's all time low, so it's not exactly a new thing.
https://coinmarketcap.com/currencies/bancor/
There were plenty of warnings and research about how flawed their product is, including here. The lesson, as always, is caveat emptor.