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/biz/ - Business & Finance

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4440383 No.4440383 [Reply] [Original]

USA fag here.I have my eye on an ICO.What would really happen if I bought some tokens?

>> No.4440392

nuthin

>> No.4440397

You would probably be able to afford a lambo

>> No.4440398

>>4440383
Door kicked in, dog killed, tied up, interrogated for hundreds of hours, tortured until you go unconscious, and then, and lastly you're thrown out a moving helicopter into the pacific ocean.

>> No.4440458

>>4440398
I have a cat not a dog will he be ok?

>> No.4440630

>>4440383
u would get those tokens

>> No.4440639

>>4440383
They send the tokens to you. What question is that? What were you expecting?

>> No.4440660

Its not a punishable offense to buy unregulated securities, it is one to sell them. So nothing would happen to you. If that sounds like a stupid hypocritical system that's because it is.

>> No.4440668

>>4440639
the IRS to wonder how you received tokens from an ICO sale that were coincidentally sent to you at the same time as every other person who bought in

>> No.4440683
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4440683

>>4440660
>it is one to sell them.
Wait a sec, so if I bought ICO tokens and I sell them later I'm fucked?

I THOUGHT THIS ONLY APPLIED TO THE COMPANY ISSUING THE TOKENS!!!!!!!

>> No.4440756
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4440756

>>4440660
So I could buy but never sell?

>> No.4441012

>>4440756
You can sell low. We believe in you.

>> No.4441038

>>4440458
yes they only dog

>> No.4441711

>>4440383
just look at historical ICO patterns:

1. make sure you buy a TON of ICO shitcoin X because of FOMO
2. hodl your coins in anticipation for big payday in the long-term future
3. watch devs convert ICO to eth and cash out
4. code-base and project site literally shows tumbleweeds on their home page
5. payday never comes

ICO = you basically just crowdfunded "developers" with no accountability.

>> No.4441748

You would be fine. The SEC wants to protect investors from scam IPOs. The SEC views IPOs as a bad environment for investors. You are an investor. The SEC wants to protect you.

>> No.4441786

>>4441748
>>4440383
Most likely justed immediately first day
>IPO
>ICO
!=

>> No.4441810

>>4441786
Whooos, I want to say ICO.

The SEC wants to prevent this >>4441711
from happening basically.

>> No.4441831

>>4440383
The government would shoot you before throwing you out of a plane. It's not worth it, stick to listed coins.

>> No.4442579

>>4441748
>American government
>wanting to protect you

Lol pick one.

>> No.4442603

https://en.wikipedia.org/wiki/Greater_fool_theory