looking at the price....
shakes head
looking at teh price again....
bangs head on the table!
WTF guyz WTF
Dude, BTC was hovering around $2500 when this ICO occured and my 2 BTC investment is currently worth $2160, while their compensations has quarupled. Plus Extra from Bitcoin cash, and upcoming Segwit. Currently trading in shitty/low volume exchange, the promised platform is super late, the promised buy back has been eschewed. Just telling us about all the lovely places they get to travel too, and talk to others in hopes of probably securing more funds. The sheeps/those who bought at this current price shill on. Anyway, i will stop cos most replies to my statement will just state that i am just a fudder. SMFHYou will get out with loss then? I guess not...what else will YOU do? I see this as a light at the end of the Tunnel...new alt season will come...if you bought ico u can just hold...i pushed down my expections...so every piece of info is a nice candy!
I got in at the first my GAME and it was lost for me. Because there were some issues on the ico platform and it affected my investment. And this rising of BTC price and decreasing of MGO price since the ico. But I really trust the team. They've done good job so far on GameCredits. And now they have enough sources to do much more. And hope we'll be rewarded.
It is noticeable that newer listings and ICO's gain in price more readily at the expense of older established projects. This is down to 2 main causes:
1. A lot of money is pulled from existing cryptos in the expectation of greater, quicker gains : this is becoming a self-reinforcing and accelerating process.
2. New projects are able to learn from the experience, good and bad, of the established cryptos, and some will be better for it.
There is no way to mitigate this process. The only real advantage of an older project is its existing adoption and critical mass, hence the biggest, BTC continues to gain.
The only way this will reverse is once the bubble bursts and the inevitable crash comes. All cryptos will fall massively, but the established real projects will retain more value.
I watched it happen in 2013-4, but the timing is not predictable.