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/biz/ - Business & Finance

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8585597 No.8585597 [Reply] [Original]

The exchange volume just went up by roughly a million in the last 24 hours, and the token volume has doubled.

Token price is staying very low at $0.21.

>> No.8585609

They conveniently started the COSS trading contest at the exact time that their own COSS tokens became unlocked, so they could dump them on unsuspecting investors, and the spike in supply was able to be camouflaged. They will continue to string everybody along with the promise of Fiat coming to the site, which of course, will never happen. There will be delays and excuses along the way. Once enough people become disillusioned at the fact that none of their promises are followed through, people will stop buying the tokens. They will shut down the exchange for some reason, like "regulatory concerns" or something else, and they will vanish.

This is far from the first time Rune has run this kind of scam. And it's not the first time he's used Football ads/sponsorships to try to give the appearance of legitimacy. He did the same thing with SiteTalk/Unaico. I have to give him credit, he built quite a nice system to unload a bunch of useless tokens in exchange for Ether. And it did take a fair bit of work. It's just a shame that the lack of ethics caused all of that effort to be put towards taking peoples' money. But to be honest, anybody putting their money into an ICO run by a man who unabashedly admits to being involved in multiple pyramid schemes in the past, was sure to lose it one way or another anyway.

>> No.8585836

>>8585609
Okay, thanks, Reddit.

The grammar in that post is hilarious, btw. I definitely believe that person’s speculation even more now.

>> No.8585883

Shit, the exchange volume has gone up another couple hundred thousand in just 20 minutes.

>> No.8586308
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8586308

pump it!

>> No.8586387

>>8585609
>>8585609
I wouldn’t even be mad at this point
But truth is that the fundamentals are strong and your post is just fud, so keep it for yourself

>> No.8586417

>>8586387

Well its amusing, albeit could have been a lot better.

>> No.8587417

>>8586308
More?

>> No.8587419

>>8585609
I hear they are a bunch of stuttering potheads etc etc.

Fuckers are gonna make me rich though.