Hey @scalerman, thanks a lot for this, very interesting insight, might reconsider my investment size on this one, do you mind I include your comment in the core of the article (with proper credit of souse :)
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Hey @tradealert, glad it helped. Its an interesting topic and sure, feel free to use whatever you want from it. Appreciate the credit..thanks! I'm gonna follow you so I can see any updates you post on this venture. :) Cheers!
hey @scalerman, did you end-up investing in Maecenas?
Hi @Tradealert..no. Did you? I've been in ETH and BTC mostly. I'm pretty conservative!
Ive been wondering how that project is going though. I see they're doing a token pre-sale right now. Thanks on the heads up.
"for every (1) ETH sent, you will receive 480 ART Tokens." hmmm..
Hey @scalerman, Yeah I took a small position into it, I've been monitoring their slack/telegram channel and they have a very active and enthusiastic community, still planning on dumping most of my tokens on price discovery though for instant profit but will certainly keep some as long term investment
Hey @tradealert! So you buy at 1/480 of an ETH and sell after trading starts? Ive never been involved in a token sale. Thanks on the info.
Heya @scalerman, so basically once a token (ART in this case) gets listed on an exchange, its price will go through price discovery as buyers and sellers (ICO contributors) will try to agree on a fair price, the price of a token is very volatile during price discovery (which can last a couple hours to something like a whole week) and can go up in value significantly so you can flip some of your ICO tokens for immediate profit. Personally , I usually flip enough tokens to cover my initial investment and I keep the rest of the tokens as long term investment or for future dump if the price goes crazy. So yeah it's usually a good idea to be in front of your computer when the tokens starts trading and sell into high orders :) hope this helps
Thanks on the explanation @tradealert! Im guessing it not as easy as it sounds? Due diligence and a strong stomach being crucial to success? Increasing scam IPO's out there I'm reading.
:)