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| permlink | post-ico-ious-for-sale-be-careful |
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| title | "Post-ICO BANCOR IOUs for sale? Be CAREFUL!!!" |
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| body | "<H1>Post-ICO IOUs: Be careful</H1>
**[UPDATE] 14:14 EST:** The IOU is now worth approximately 0.008 bitcoins. It crashed and burned. Condolences to everyone who bought at 0.03... It really sucks to see this happening because now those IOU buyers just lost a bunch of money but the exchange is still keeping the price inflated to make profit... :\
____
<H2>Original Article</H2>
I'm sorry if you missed out on Bancor and was totally hyped about it this morning. I'm pretty bummed, too.
But please BE CAREFUL about trying to buy in at this point. The ICO is already over and the coin is NOT publicly available for sale. There is NO WAY someone can transfer you Bancor right now, so do not fall for it.
**That being said, I noticed that some exchanges are selling IOUs for the coin at very inflated prices.**
<H3>3 main points to observe:</H3>
1. **The price of the Bancor IOU is 0.03 Bitcoins.**
At the time of writing, 1 Bancor IOU is selling on one of the exchanges for 0.03 Bitcoins (BTC).
*In case you're wondering why I won't link any sources on this one, I won't name the exchange because the purpose of this article isn't to shame anyone/anything, it's just to help readers make more informed buying decisions.*
2. **The 0.03 BTC translates into $78.9057; i.e., 1 Bancor IOU is $78.9057.**
Also at the time of writing, [1 BTC = $2,630.19](http://coinmarketcap.com/); therefore, 0.03 of it is $78.9057.
3. **The value of 1 BNT from the ICO is $1.9288**
According to [Ethplorer](https://ethplorer.io/address/0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c), a total of 79,323,978 BNT had been issued from the ICO. [The ICO raised roughly $153M](https://www.cryptocoinsnews.com/bancor-sets-new-ico-record/). This would mean the value of each BNT would be approximately $1.9288.
So if you are buying 1 IOU at $78.9057 when the current price is $1.9288, the price would need to **increase by 40.9x by the time of initial public trading in order for you to break even** (well, even more because of transaction fees). Please note, I'm not in any position to make any predictions about Bancor, so I cannot say that it will or won't increase by that amount. But 40.9x is the target increase value that Bancor needs to grow in order for you to almost break even." |
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| body | "Hi all from australia. i have spent time in a west australian womens prison just 3 weeks to begin with and then about 4 months down the track a longer 6 month 'stint' for the same or similar crimes. i was 24 at the time and it was for drug related offences.. jail did not offer any form of assistance when it came to succeeding in life after conviction 4 years down the track reffered to the court system again as drugs continue to play a major role in helping me destroy myself have requested a court diversion which is aimed at helping the young offender tackle their drug issues however the system has a lot o flaws and faults.. and the war on drugs in australia , western australia especialy, is beyond a joke... ppl are recieving life sentences for aything over an ounce of meth i believe(i'll dbl check that) i feel that the the legal system is failing us. pls keep an eye out, im yet to post but i intend to share my journey as a nearly 30yo female with a meth addiction goesthrough rehab and counselling and is at the mercy of the court system and surounded by drugs and all i know is hustle tries to become someone who can help to educate kids before they even face the temptation and try and prevent our children making the mistakes i did by learning from mine" |
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I can just tell you that there are no curve, the earth is flat.... look at the footage... look at the picture from NASA, they are all fake, including the videos from ISS, clearly fake, made with a green screen.
What about the lighthouses that should be under the curve, but yet we see them on long distances. There are so many other proof of the flat earth. Ones you go flat you never go back!" |
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