Cryptocurrency

[SunnyInHades]

This one looks a no brainer*:
https://wppenergy.io/

Looks well pumped on bitcointalk.org (as were bitconnect, hextracoin etc..). Some worrying red flags on that project:

1) whois record - typical namecheap($2.88/month)/Panama combo often for a quick, anonymous runaway

DOMAIN INFORMATION
Domain:wppenergy.io
Registrar:NameCheap, Inc
Registration Date:2018-01-26
Expiration Date:2021-01-26
Updated Date:2018-03-28
Status:clientTransferProhibited
Name Servers:ns1.wppenergy.io
ns2.wppenergy.io

REGISTRANT CONTACT
Organization:WhoisGuard, Inc.
State:Panama
Country:PA

2) "Leveraging our pre-existing relationships with Governments, WPP ENERGY is in discussions with federal governments to have the WPP TOKEN adopted by major utility companies in their respective countries to accept the WPP TOKEN as a payment method from their customers"

[scooterscot]

Vested interests and all that. If you're going to look into a ICO, it must answer a few question. And answer them stonkingly well.

1) What hair on fire problem is it solving?

2) Networking effects - for a green project like this I'm not sure happy quickly a network grows. Take Gifto, although still hush hush they've recently announced a partnership with a major online partner. Hopefully not pornhub.

3) Is blockchain really needed to make it work?

[scooterscot]

got another 1000x project that has everything going for it. Not possible to buy tokens yet..

[VirtualMonkey]

got another 1000x project that has everything going for it. Not possible to buy tokens yet..

What is it?

[scooterscot]

What is it?

I pm'd you.

[VirtualMonkey]

I pm'd you.

Cheers bud.
Is anyone else actively trading at the moment? Of course the market is utter tulip overall but there have been some corking trade opportunities recently. The pump of POWR ans SNT this morning for example.

[scooterscot]

Have a list of ICO's that are ringing alarms bells - might share a little later.

It concerns ICO's that have generated more funds that exceed their market capital.

[psychocandy]

I pm'd you.

me too?

[psychocandy]

Vested interests and all that. If you're going to look into a ICO, it must answer a few question. And answer them stonkingly well.

1) What hair on fire problem is it solving?

2) Networking effects - for a green project like this I'm not sure happy quickly a network grows. Take Gifto, although still hush hush they've recently announced a partnership with a major online partner. Hopefully not pornhub.

3) Is blockchain really needed to make it work?

More importantly - if I buy some how much can I make if I sell immediately? :-)

A few questions re: these new ICOs:-

1. You can only buy with ethereum yeh?
2. Whats minimum purchase generally?
3. How do you sell ? I assume new ICOs are not on exchanges straight off the bat?

[scooterscot]

More importantly - if I buy some how much can I make if I sell immediately? :-)

A few questions re: these new ICOs:-

1. You can only buy with ethereum yeh?
2. Whats minimum purchase generally?
3. How do you sell ? I assume new ICOs are not on exchanges straight off the bat?

There's a real danger emerging that many ICO's have not got any technology behind them. Indeed, the CEO's or whoever sits at the top table does not even know how a blockchain works. The most interesting stuff to come up is the funds raised by those ICOs towers over the market capital.

always bear in mind that market cap is _NOT_ actual inflow of money. Actual inflow is far less than the market cap. Knowing this will allow you to think about the space effectively without making gruesome miscalculations.

Example:

There are 10 cars (circulating supply). If someone buys 1 car for $50,000, the total market cap becomes $500,000 (50,000 x 10 cars).

So the total market cap is $500,000, but the actual inflow was only $50,000.


However what you're now finding is a number of those ICO's are sitting on funds that are far greater than the market cap of the token. In other words the market has deemed this project worthless.

Long story short, don't invest in those projects.

I'm making a list...