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RE: [dtube] ICO!! 100X EVERYTHING ??!
I am new to ICO's, and I have witnessed that many tokens are valued at a much higher price at the beginning. Then right away the price drops tremendously based on charts tools such as Tradingview. Is this observation correct or is it because the charting tool did not have enough historical data?
the high price you see which falled is when the token hit the exchange. in good icos it should not happen like that ( very few as I mentioned), but the common scenario in average ico ( even still kind of good project) still getting to dumb. the project. How much the dumb depends how much speculators not real investors hyped and entred the ico. they dont care about the project on the long run , they want to get an opportunity and run away.... may be some people know what will happen so they prefer to dumb their bags on high price and then load them up again at a cheaper price.
Thank you very much, it makes total sense. The other day I was thinking of either to start getting into ICO or just watch them how they progress and jump in at the right time. Now it makes more sense and less risk involved is just to watch interesting ICO lunch and get in once the right time presents it self.
I would look at the bonus rate of an ico.
Usually if they have a high bonus rate (bonus for buying during ico) , like 50% bonus then you can be pretty sure that people will dump those right away to make some of their investment back.
Most Ico with over 30% bonus in ico, i will probably wait for them to hit the exchange and then buy in a the dumped price.
That's a great info! thank you, I appreciate it. It makes sense...