^^ It's useless unless it has significant financial backing/extreme media hype over the coin.
I went onto the ICO page, its purpose is fairly stupid. Their entire business model relies on a big IF. IF the movie industry accepts them as a payment method, IF they adult industry accepts them as a payment method. Its all a massive IF. IF they don't get any of those partnerships (highly likely they won't), it becomes a useless coin. For example, did you see verge becoming a payment method for Pornhub? Probably not, but they did. Verge can become a payment method for Logitech if they wanted to (verge isn't a niche coin). Having such a niche coin, is not a good investment coin. They say they solve 3 problems eliminate large fees, guarantee security and guarantee anonymity. So many coins do this already... Nothing new or innovative. On top of that, its a token... Making it even worse that its not innovative. I can go right now and make a coin called BunnyV2 on the ethereum network with nothing new or innovative.
Maybe if you want to have fun and buy it like a lottery ticket, then go for it.
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Based on what Allura said it's a a bitcoin, but I hear usually token prices rise after an ICO. Whether that's true idk.
Originally Posted by Bernard.
Based on what Allura said it's a a bitcoin, but I hear usually token prices rise after an ICO. Whether that's true idk.
Depending on how you use bitcoin, it can be traced backed to a specific person.
Also the thing about ICO coins increasing in price after it’s put on an exchange is false (depending on time period). If it’s not a complete scam coin/doesn’t have a dumb team, and the time limit for profit is unlimited, then eventually you will break even/profit. However, if you set a time limit in which you want to profit and sell, then there is a different story. Example, kin, run by a fantastic established company made a huge loss on the first few months, then 1000x. ETN, 5x in short period after it was listed on exchanges. Both companies are professional and fantastically run, but there are two different stories
Kept getting ads for that token on YouTube. No offense, but I think it seems pointless.
Originally Posted by Allura
Depending on how you use bitcoin, it can be traced backed to a specific person.
Also the thing about ICO coins increasing in price after it’s put on an exchange is false (depending on time period). If it’s not a complete scam coin/doesn’t have a dumb team, and the time limit for profit is unlimited, then eventually you will break even/profit. However, if you set a time limit in which you want to profit and sell, then there is a different story. Example, kin, run by a fantastic established company made a huge loss on the first few months, then 1000x. ETN, 5x in short period after it was listed on exchanges. Both companies are professional and fantastically run, but there are two different stories
My phone must have autocorrected shitcoin to a bitcoin last night smh.
I see that shit on youtube ads every time lmao
very risky. has no value at all and could be replaced by millions of other coins
Looks like a lot of people are seeing ads for the coin (I have all ads turned off). This coin might be promising since its marketing so much. It will fail in the end. However, could be a nice short term investment
Originally Posted by Allura
Looks like a lot of people are seeing ads for the coin (I have all ads turned off). This coin might be promising since its marketing so much. It will fail in the end. However, could be a nice short term investment