In my opinion Savedroid is a scam Ico!
Dear Steemitians
today i am not in mood to stay silence about a most big scam ico of 2018.
This is Savedroid!
This is the Ico hystory with my following post:
My eyes stared to watch this Ico when i posted this: https://steemit.com/crypto-news/@intellihandling/savedroid-best-ico-confirmed-by-hackernoon
Than i wrote this post: https://steemit.com/crypto-news/@intellihandling/savedroid-breaking-news
and this: https://steemit.com/crypto-news/@intellihandling/confirm-from-medium
So all was supposing this was the best Ico of this year, coming from Germany, serious team with many members active in Linkedin, so what else to be worry??
Than suddenly something wrong happen and i posted it: https://steemit.com/cryptocurrency/@intellihandling/savedroid-scammer-or-hacked
But after few hours the fear gone and i made this post: https://steemit.com/cryptocurrency/@intellihandling/savedroid-is-back
And just to see how it was so interesting Ico, somebody try to scam me by Telegram and i wrote this post: https://steemit.com/scam/@intellihandling/be-aware-from-savedroid-scammer
So after all what is the situation?
Now situation is bull shit!
They sold one Savedroid per 0.01 euro which was looking as reasonable price, so many people bought some thousand and they got over 50 million dollars just in april.
After the bad play of Ico scam, they were not take seriously from the market and now after they start to be really quoted in the market their value dramatically break down less than 0.001 euros!!
The think which is making me thinking they are scammer is the total supply of Savedroids: 6.997.578.543 SVD
That means there is no any possibilty they can reach 1 usd per coin as they made advertising of their target within the end of 2019, because it means they should have the same capitalization as Bitcoin Cash and this is a real fake scam coin if they pretend to go so high in few time, this is most probably going into shit coins cemetery with all our invested money!
Thats why i do not believe anymore in Icos....
What do you think about?
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I hadn't even come across this coin before until i saw you r post here. But last year had so many ICO's that it was hard to keep track.
It's hard to know how many of these ICO's were scams and how many were just shit products but the fact remains that only a few of them will survive. They were all making big promises but most of them didn't even have a product to back it up.
T>here is no any possibility they can reach 1 usd per coin as they made advertising of their target within the end of 2019, because it means they should have the same capitalization as Bitcoin Cash and this is a real fake scam coin if they pretend to go so high in few time, this is most probably going into shit coins cemetery with all our invested money!
I know that the market is in the shitter anyway but any ICO that is selling a coin for 1c and promising a dollar by 2019 is full of shit. They might had been planning on it but the time it takes to get established and get that kind of money behind it would take a miracle. If i had bought, i wouldn't be happy either as it doesn't look good to get any of the money back on it.
Dear my friend, this Ico was promising such good revenue in march, when market was still full of good toughts, but now, after 6 months, the things are completely changed and market is so weak that even a bitcoin exchanged to fiat money make the coins crash, so now we re in the worse point of cryptos, there is not enough market for almost 2000 different coins...:((
Everything looked promising in march and any sort of shitcoin was geting pumped a hundred percent. What we have seen since then is a realisation that that there is no content behind most of them.
I think that we will see a massive shake up and lose a lot of these coins in the next couple of years but hopefully the balance to that will be the good coins with use and function will get stronger. The coins like STEEM should stabilize and make large gains in the long term as they have a long term future.
The problem about ICOs is the lack of confidence since the ICO bubble in last year, that was the cause of the drop in Bitcoin, Ethereum and most cryptocurrencies.
In current situation that lack of confidence remains and makes very difficult for any ICO to success, even for the ones with best technical aspects.
Dear my friend, you exactly describe the situation, thats why we decided to suspend our Intellihandling coin Ico, because we do not feel this is right time till the market will change this confidence...
It's the ICO season. This post should be pumped to awareness! People think that just looking at a page of an ICO will tell them if it's a scam. But the truth is that if you don't search the team, you will get scammed.. and sometimes even though you search the team that may happen.
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You can't trust ICO's anymore. They are promising as much as possible so they get people to invest in their ICO.
And it's very difficult to decide if a ICO is a Scam or a good project. You need to unterstand the technical background but also the economic aspects, like market situation, laws,etc. Thats why normally only experts are investing in brandnew companys but in crypto everbody thinks he can do this and is able to find the next "bitcoin".
As you said it's nearly impossible for savedroid to get to a price of 1USD.
I mean which company is worth 7 billion in just two years..
OMG man, i hope you didnt invest, something similar happen here with a so call TRADcoin...
Indeed,
Some coin give us more hope but they are scam
Dear @prince121, why you are not making any post with the @steem-bounty? As active member of the family please send us the link where we can comment your post too :))
Sure ..
Today i will create my steem bounty @intellihandling
Thank you my friend, please do not forgot to put the link on the post of contest: https://steemit.com/steem-bounty/@jmhb85/100-sbd-in-weekly-prizes-with-steem-bounty-lets-ask-some-question
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Thanks, friend, for alerting us. Without a doubt, it is extremely important to make these types of comments, so that we do not continue to be victims of these abuses.