<- number of people who understand Bancor's concept, mechanisms, price floor, and arbitrage
The only thing surprising me about BNT right now is the number of people who bought in without researching and so much misunderstanding.
"The USD price is below the ICO?!" Backed 10:1 by a falling ETH
"The ETH price is below 0.01!?" Make money arbatreurs. Sell your BNT for ETH like this and buy back more BNT than you sold like this. By definition, arbitrage is motivated by profits, it goes both ways to create price consensus. When the BancorToken price is below exchanges, it will be bought to trade on the exchanges (raising its price), and when it is higher than on exchanges, it will be sold from exchanges into the BancorToken (lowering its price).
"A "smart guy" who didn't fully read the contacts said Bancor is flawed?!" Another "smart guy" begs to differ.
"Where is the market cap?!" Here
"How do I buy/sell BNT?!" Again, here
"The buyback ETH is getting eaten by WHALES!?" There's quite a bit left.
The Bancor team is working tirelessly, and has been as transparent as possible, thank you u/Eyul. I am happy to be a part of this financial experiment, if you aren't sell your BNT for your 0.01 ETH, and get your token sale money back.
Am I missing anything?
Posted Jun 26, 2017, 8:37 PM UTC · edited