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/biz/ - Business & Finance


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2115855 No.2115855 [Reply] [Original]

Look at a coin. Any coin.
Go up to the very start of the coin's trading history, and you will always find the same trend.
Initial price set.
Immediate sale plummeting to a minuscule fraction of the price.
Slow regrowth, often not getting back to the initial point before the medium-long term.

Why would you ever buy ICO instead of just scavenging for initial sales like a vulture and invariably make more money that way?

>> No.2115876

That initial red bar is not indicative of the price going lower than the ICO price. What it is is people paying far more than they should when the coin is initially put on the exchange, which is quite different from the ICO price.

>> No.2115888
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2115888

lmao, yeah OP ico is never worth it for sure never buy in one uhuh......