RE: In my opinion Savedroid is a scam Ico!
I hadn't even come across this coin before until i saw you r post here. But last year had so many ICO's that it was hard to keep track.
They sold one Savedroid per 0.01 euro which was looking as reasonable price, so many people bought some thousand and they got over 50 million dollars just in april.
After the bad play of Ico scam, they were not take seriously from the market and now after they start to be really quoted in the market their value dramatically break down less than 0.001 euros!!
It's hard to know how many of these ICO's were scams and how many were just shit products but the fact remains that only a few of them will survive. They were all making big promises but most of them didn't even have a product to back it up.
T>here is no any possibility they can reach 1 usd per coin as they made advertising of their target within the end of 2019, because it means they should have the same capitalization as Bitcoin Cash and this is a real fake scam coin if they pretend to go so high in few time, this is most probably going into shit coins cemetery with all our invested money!
I know that the market is in the shitter anyway but any ICO that is selling a coin for 1c and promising a dollar by 2019 is full of shit. They might had been planning on it but the time it takes to get established and get that kind of money behind it would take a miracle. If i had bought, i wouldn't be happy either as it doesn't look good to get any of the money back on it.
Dear my friend, this Ico was promising such good revenue in march, when market was still full of good toughts, but now, after 6 months, the things are completely changed and market is so weak that even a bitcoin exchanged to fiat money make the coins crash, so now we re in the worse point of cryptos, there is not enough market for almost 2000 different coins...:((
Everything looked promising in march and any sort of shitcoin was geting pumped a hundred percent. What we have seen since then is a realisation that that there is no content behind most of them.
I think that we will see a massive shake up and lose a lot of these coins in the next couple of years but hopefully the balance to that will be the good coins with use and function will get stronger. The coins like STEEM should stabilize and make large gains in the long term as they have a long term future.