That means that prices are almost guaranteed to go up on the exchange, because there is certainly going to be a lot of demand from the US for this ICO. Is it clear why they decided to exclude US citizens?
Most ICO's have been doing this lately to avoid scrutiny from the SEC, I think.
It may go up initially, but we should also keep in mind the ICO continues for 300+ days. For the price to go up on the market would mean people would have to continue buying the ICO to support that price or else people will just get it from the ICO instead of the market which would cause the price to fall.
Makes sense. Will be very interesting to see how prices go on the exchange. Do you know what exchanges it will be traded on initially? I suppose I can wait... :)
That means that prices are almost guaranteed to go up on the exchange, because there is certainly going to be a lot of demand from the US for this ICO. Is it clear why they decided to exclude US citizens?
Good to see you on Steemit! :)
Most ICO's have been doing this lately to avoid scrutiny from the SEC, I think.
It may go up initially, but we should also keep in mind the ICO continues for 300+ days. For the price to go up on the market would mean people would have to continue buying the ICO to support that price or else people will just get it from the ICO instead of the market which would cause the price to fall.
Makes sense. Will be very interesting to see how prices go on the exchange. Do you know what exchanges it will be traded on initially? I suppose I can wait... :)
ok, thanks for the post. And the response. waiting is ok I think. At least I don't need to ha the FOMO!! You are appreciated!