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RE: ELECTRONEUM

in #bitcoin7 years ago

Oh, come on! I'm invested in Electroneum and I believe in their strategy, but this is just plain ridiculous. Nobody throwing $10 or even $100 at this is going to get rich (at least not from this investment alone). There's no way any coin, let alone one with a ridiculously large number of presale bonuses, is going to open at well over 100x it's current value.

To someone who actually researched the company and their road map and read their white paper, this article reads like trash. To anyone who hasn't yet researched, this sounds like nothing more than hype from someone who, well, hasn't researched. You clearly have no idea what you're talking about.

"Big investors like..." Nope. Uber, Spotify, and Hootsuite have not invested in Electroneum. Duncan Logan, founder of RocketSpace, the incubator that helped grow those start-ups, has said he invested. That's a pretty big deal, but you're implying that these companies have a vested interest in Electroneum; they do not. I'm not sure where you got IBM or how they fit in here at all.

Fastest transactions you've ever seen? Have you actually made a transaction with Electroneum? I ask because it's obvious from your article that you aren't part of their team and their blockchain hasn't gone live for public use yet. I'd love to hear about your experience transacting with it and moreso how you were even able to do so.

Electroneum is staring at a penny? Really? How would you know? The market will dictate what it starts at when it reaches the exchange(s). There is no guarantee that it will start at a penny. It could easily open at less. In fact, with all of the bonuses involved here, many people holding it are doing so with a current value of less than a penny. I'm in for only $1000 USD with just a few referral bonuses from purchased totaling just over twice mine and my coins are worth ~$0.006 USD if I break even. If I sold at $0.008, I'd make over a 30% return, and that's on a fairly small investment. Many people have close to 1M in referral bonuses alone.

If you don't think there's going to be a big dump at open where whales take profits from their bonuses, you obviously don't know this market at all. If the development and marketing teams do it right, this coin has major long term potential. Is it undervalued at $.01? I think so, absolutely. That said, if they do it right it will grow over time, not overnight. We won't like see Electroneum on the books for $1.00 for at least a year, and that would be amazing. Could it happen? Sure, but it's not likely to.

They started selling coins on Sept. 14th (not giving them), which could only be purchased with Bitcoin or Ethereum, buy the way, and not with any of the three fiat currencies you listed. They offered a structured bonus schedule throughout the sale, as well as a federal bonus. It was set to run until Nov. 1st or when they reached their $40M hard cap or their 6.2B coin hard cap. They reached their hard $40M USD cap and closed the ICO 12 days early.

Again, I think Electroneum has serious potential and the ability to go viral and provide an excellent ROI, but let's be a bit (lot) more realistic. It's articles like this that give the coin a bad name and make it look like nothing but another over-hyped pump n dump. Please do us all a favor and do at least real research before you write another article.

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