/biz/ - Business & Finance

>>14075894
Because that's when they finally released the coins to people and everyone just wanted to gtfo out of the exchange so they market sold everything.

>>14075916
But the ICO price was almost $0.14 USD, and it dumped to $0.015, dumping it way below ICO price seems investors have no confidence in this exchange? What am I missing?

>>14075987
Pretty much. Some people love to sell the bottom even if it means losing 90%+ of what they put in. The exchange had a really shitty outlook back then, lots of delays and funding issues, etc. so I guess people would have rather taken next to nothing over waiting to see if the exchange gets any better.

>>14075987
Nigga some coins did a 99.5% lose, the case you are saying is a 90% lose. Which one you take.

just hands shaking and dumped the coin now everyone is regretting and FOMOing back.

>>14075894
How the FUCK can I buy XCM? Only pairs on coinmetro are XCM/coin

>>14076764
Idk what you are doing wrong I can buy it with EUR

Pls use my ref code when signing up frens. Am poorfag.

Ref= DaniloLov

€10 EOY

>>14076792
I’m just a brainlet, ty

How many xcm to make it?

>>14077636
5k. It's going to €10 EOY

>>14077650
50k*

>mfw I had 0.3 btc 4 days ago and now I have 1.7.
Guys buy xcm, everyone is losing money and we dont, this has happened before with raiblocks and first dip from 9k to 7k before mega bull to 20k.

>>14077697
I think we might go a bit lower
anyone's who's not in already probably shouldn't fomo in, just dca in

>>14077745
What does DCA mean. Noob here. Planning to dump all my lunch money into it tomorrow.

>>14077768
dollar cost average
It means instead of pouring all your money in at once you spread it out over time, preferably over set periods of time.

>>14077791
Ah ok. Looked it up there. Makes sense.

I'm just dumping my paychecks into this so not really working with much money, I guess it sorta will be like DCA.

>>14078062
Based

>>14075894
I can't trade this shitcoin because I can't pass Source of Wealth because I'm a NEET and I hodl 500k

JUST

AMA I guess

>>14078062
Kek

>>14075987
Coinmetro's ICO was done between February and March 2018...the period where the bear market had already just started, but for some people reality hadn't fully set in (I would say partly because of that apparent recovery in February), so money was still going into some ICOs
Also, Binance and its native coin had major success just a few months before. So it started a mini-exchange coin craze for "the next BNB". Coinmetro was shilled on here as next in line for BNB-like gains, in particular because it was intended to be regulated, have fiat, TAM, ETCFs, its own debit card, etc.
So people bought XCM. Then the ICO ended. Then they waited for the exchange that was supposed to launch not long after that. And they waited. And waited. And waited....this went on for a fucking year
For an entire year - the same year crypto in general crashed and burned to the ground - the ICO contributors could not even touch their tokens, or at least see a finished product in a launched exchange. This led to a ton of (well-deserved) fud, on /biz/ and elsewhere, almost a year of consistent "HAHAHA! WHERE YOUR EXCHANGE? WHERE YOUR TOKENS? FOREHEAD DELAYED AGAIN?"
Even worse was the fact that other exchange tokens within that year seemed to be making progress: Quoine (Liquid) had a finished exchange that had good volume and high anticipation for its World Book, Nauticus had launched shortly before Coinmetro and had a decent exchange, and even COSS which got a lot a fud even back then, still at least had a launched exchange
Then between January/February 2019, Coinmetro FINALLY launched and the tokens were given to contributors....starting with a huge price dump
Contributors who were either frustrated with the year-long delay or were just broke, wanted to just get whatever little of their money back and be out of the project

>>14078772
At that time, your only choices were to either hold and wait for ICO price again which may not have happened for a long time if ever (lack of faith for some), or just sell and be done with the year-long nightmare. The initial price drop to 0.012 euro reflects that
Then on top of that, after launch the exchange had a few bugs (nothing major, but after a year you expect near-perfection). It had very few cryptos to trade. It appeared to be too ‘simple’ in appearance, and a bit different to what some were used to when it came to trading. Then there was the confusing and apparently-invasive mandatory KYC (source of wealth scared a lot of people away back then, and continues to do so despite the fact that only people trading more than $15k need to do it). Then there was the low volume that was literally only a few thousand dollars on some days. Then it was revealed that the exchange was operating month-to-month. Then there was the whole North Korean mess where a few ex-developers claimed they would leak all Coinmetro customer information as a result of not being paid for their work. And to top it all off: there were more promised updates that were - you guessed it - delayed. All of this shit kept the XCM price down for months. The only things the exchange had going for it was quick-and-friendly customer support, and fast cash deposit
So what caused the recent mooning? To put it simply: They got their shit together while adding several new updates. Bugs were fixed, UI continues to be updated, new cryptos were added including Chainlink, KYC was revised and simplified for lower-tier users, volume picked up greatly from its starting average, the North Korean fud was explained and no customer personal info was ever in danger of being leaked, and perhaps most importantly: margin trading was finally given a timeline. Also new fiat pairs including USD are expected soon
Forehead has finally given people reasons to believe in him again, after a rough start

>>14077650
NO way it goes to 10$ eoy, 50c at the very most. Unless there's a golden bullrun, I expect 10$ in maybe 3 years time.

It seems that the big forehead guy keeps getting memed and baited to put more coin options and guess what

It fucking works

The dude loves all the memes produced for him and he listens to people’s suggestions on listing coin

Need help? Hop onto the chat and in less than 5 minutes your problem is resolved
If that isn’t customer service idk what it is

People keep forgetting that they locked peoples ICO tokens during the bear run, whether you like it or not, having my shit locked in gave me a safe haven and now I literally made it all my initial investments back and then some
Solid fucking project. Will never be this low again (unironically)
The north Korean scandle was simply because they couldnt pay them because the fuckers fled north korea. It would have caused them EVEN MORE issues to deal with

>>14079704
This is going to be fucking huge. legit.

>>14078772
>>14078797

This is spot on.

Man, what a wild ride it's been so far.

Well we are having a nice dip. So I think so. I mean read the thread and see how delusional the fudders are in this thread. Muh Binance, muh volume, muh KYC. What a crock of shit, and its all from crypto boomers who don't wanna play ball with the government. But the reality is that with margin trading on the way, XCM is making a decent attempt to do something that only really kraken I feel has done right, but kraken fails with a shitty interface and some other problems. XCM is basically rewarding you for using their platform more. So, will this be ten dollars eoy? No probably not, although I haven't dug into the technicals of the coin. But think about the last trade you made: you probably paid maybe 5-10 bucks depending on where and the volume. So, I can really see this coin hitting 1-2 bucks as volume increases. That's just my opinion of course, and this shit could tank, but I'm going to keep dcaing into it until we start hitting around 50-60 cents.

>>14080306
feels so good

>>14075894

BUY MY BAGS SIRS

Choo choo all aboard the money metro

5ws3eoMq

Listen to this guy, he's basically summed up the opinion of all original ICO investors.

We're now being rewarded for not loosing face.

Kevin is our guy

>>14075894
>kyc
rip

>>14082223
get used to it

https://www.coindesk.com/g20-reaffirms-it-will-apply-expected-tough-new-fatf-rules-on-crypto

>>14082237
forget it, crypto-boomers and redditors hate KYC because they want to tear down the banking system

Metro driver here, we are gonna make it bras.
All hail forehead.

>>14082304
based
10€ EOY

>>14075894
WHEN CMC, FAGS?

It's a running jokes now between CM and CMC. They both pretend they're waiting on the other one when really they both have all the need. First one to bottle looses.

>>14082661
I think it takes so long because they have to add it as an exchange too not only as a coin

>>14077636
At least 6 figures desu

In from the very start. It's been a wild ride

Honestly can anyone tell me what advantages this has over NEX?

>>14083107
None, CM will be gone in half a year

>>14083205
Kek you wish.
We are just getting started, keep your neo scam.

>>14083107
>>14083205
hush hush, go back to your next exchange shill containment threads

>>14083214
The team is running out of funds and no one will use it. Relax, it's ogre.

>>14083238
Nigger we have seen an organic grow of volume of a x10 in two weeks.
News dont stop comming and theres just good things to come I wont explain shit to a competitor but dyor if you want to.

i have 53k XCM... give it to me straight goys, am I going to make it?

Just got my paycheck. Should I dump it into XCM now or wait for another dip?

>>14083348
don't know, but margin trading this week, could dip briefly but might rise soon

>>14083214
Kek ye of little faith
Kevin out right admitted they ran out of funds in January. They've been fund raising month of month since then and cutting back to bare minimum staff.

Not even bothered. Got to the point now where I think they genuinely strive under pressure. I'm worried for when they start making money and take foot of the pedal. Right now they are fucking gunning it with zero signs of stopping.

The fact growth to date has been entirely organic, the volume is steadily growing and bots aren't even on the exchange yet are massive green flags.

But as usual, couldn't give a fuck if rest of biz doesn't catch up.

There are still retards who think Link is just a meme. People don't learn.

>>14083348
The price of XCM may go either up, down or sideways at any point in the future, use that knowledge to your advantage when making your decision

>>14083214
>>14083228
Next exchange, no no no this is Nash Exchange and again what advantages does Coin Metro have?

>>14083310
50k here and i goddamn hope you make it bro. I think 1€ is achievable eoy, 10€ if the bullmarket happens. If only it were up to me

Reckon it comes down to luck and timing whether an exchange is successful
CoinMetro may have just caught the wave of a new bull run or at least some stabilisation to bring new buyers.
All I'm saying, just look at how.muh progress they're making with zero funding. Just imagine if they had even a tenth of Binance resources.
Makes me wonder what the fuck Binance even does other than try to prevent more hacks

>>14083756
Thank

Reee. It won't budge under 10 cent. I need to buy in.

>>14075987
>dumping it way below ICO price seems investors have no confidence in this exchange?
>What am I missing?
investors have no confidence. This is a shitcoin that seemed promising at first but ended up being a massive pool of incompetence and deadline-missing.
Not the best thing to keep your money in

>>14084099
C O P E

I put a buy order at €0.09. looks like it might drop to that today

>>14084273
It's possible, sure.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO i just bought 20ETH worth of XCM WHY IS IT DROPPING AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA FUCKINGGGG BOOOOOOOOOOOOOOOGSSS

volume dropping like a sack of shit

>>14084417
Does that mean price will drop hard too?

>>14084423
no idea at this point

>>14084380
Calm down; it's at 0.095
You had me thinking it was around 0.07 or something

>>14084787
Lmao. I'd love a nice 0.07 right now. It dipped like half a cent and he's gone mad.

>>14084787
>>14084811
I'M VERY CALM
i'd just appreciate for the bogs to spare my anus for once

>>14082807
>they have to add it as an exchange too not only as a coin
Exactly
This isn't just another shitcoin that has just its own metrics page with a few pairings on 1 or 2 literal-who exchanges
For Coinmetro they have to not only add XCM as a coin and all coin pairings/metrics it has, but also it gets it's own CMC exchange page with exchange overall volume like how Binance, Huobi, HitBTC, etc. have
Plus they have to add XCM pairings on the market pages of each individual coin that the exchange has (e.g. BTC, ETH, OMG, LINK, XLM)

Damn it. Should be going down, not back up.

>>14084948
money forehead is pumping it

12c eow!!!

>>14085162

>>14085162
More like 15c

When the fuck will I be able to buy this as a Jew York resident? REEEEE

>>14085227
15c EOW confirmed. May margin trading bring us great volume and high prices.

>>14084948
You dudes are so scary
Look closely at the 4-hour chart on coinmetrostats.cf
Ever since the pump started there's been several minor dips just before the price reached new heights
At this point there's no need to start worrying unless the price sinks 20% lower than its new recent highest price
It's already touched 0.108....if it sinks down to 0.085 then we can start to worry a bit (and even then it could still easily rebound)

>>14085270
not before 1€

DO I JUST BUY IN NOW OR HOPE FOR A 0.09?

>>14085366
REEEEEEEE
I miss everything because of the Jews

>>14085400
Margin trading is going live this week, so try to get in before that.

>>14083756
are you the real satoshi?

>>14085498
Yes

>>14085400
What this guy said
>>14085427
There's no doubt in my mind that margin is gonna take the price to new heights

>>14085561
Was going to set a limit buy there for a higher price, but I saw a .09999 market buy and it looked really cool so I bought in.

Absolute fucking shitcoin

If you don't see it... I'm just sorry

>>14086079
SEETHING

>>14086079
insert your penis in a vagina

>>14086079
have sex

We're about to blast past 10c boys. You strapped in?

>>14086079
C O P E

>>14086842
Not so sure, I think we have reached peak and we will retrace to 7c, but I have been wrong 3 times with this coin so who knows.

>tfw I fucked up my chance to get 300k+ of this and now I have to settle for sub 100k unless I pay 4 times more what I could have
I hope some ICO buyers dump it but odds are they either can't do their KYC anyway or they already dumped

You should all really use my Reference: "Kevin" cuz I'm poor and gay and have a good ref

>>14087870
and retarded. I meant referral

>>14087882
That explains the poor part

>>14087870
I'm poor and white, I outrank you. Now use my referral.

>>14076805

>>14075894
>I like that they are regulated

cuck

>>14087981
>i like having my funds seized, when the governments crack down on exchanges with regulations

>>14087981
spotted the crypto-boomer

>>14087424
Sell pressure has already abated. We are going up again in the short term. I’m calling around 11 cents EOD