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General Discussion / Re: PSA: Be weary of investing in decentralized exchange UIAs
« on: December 09, 2015, 12:21:27 am »This will likely be an unpopular opinion, but I feel I must speak up. The way I see it, the operators are trying to cash in immediately and shift most of the risks of their businesses to those who buy their UIA. If they think their businesses will be wildly successful, then it makes little sense to me as to why they would try to sell so much equity this early in the game. Take a look at the list of cryptocurrency exchanges and notice how many of them have little to no volume. I gave the same warning to the Nxt community when they were largely investing in many UIAs immediately following the creation of their UIA exchange. I think a majority of them wish they would of taken my advice. You have been warned. I don't mean to ruffle any feathers and mean no offence to those who are selling these assets, as you guys likely do not have any bad intentions in offering these sales.
*promptly looks for an underground bunker to hide in for eternity*
I could not have said it better. Anyone who bought in during the early promotion prices and exited with a profit as I did, good for you. I do not think the others will be so lucky. As you state above there is very little volume at these exchanges compared to the big boys and it hasn't been increasing despite the numerous advertisements promising otherwise. Your points are on the mark and I appreciate you not bringing them up until after I had exited.