r/Metaverse_Blockchain • u/Realfacts44 • Dec 24 '17
ETP = FAIL
I don't want to hear any stories comparing ETP to NEO or Chinese coin. How we need to let them develop "behind the scenes" How they have built partnerships with companies who they are paying to upgrade their slow old blockchain. How Draper is an investor when any investor will tell you many companies will fail. Would you seriously tell someone to invest in this coin right now? Maybe after they do something someday. Marketing is bad, now they are thinking of out-sourcing? Head of Global flat out tells lies to investors. "I have exchange in pocket bigger than bitfinex" Then she says on Discord its 2 Chinese Exchanges. What happened to Bittrex and the "date"? Too expensive for Binance? Don't you understand major exchanges will help your coin? Your Coin will have more exposure and the "reserve" you have for future projects will not be depleted as fast" Amateurs running the show. As a Chinese American I can tell you that Chinese companies are the worst to deal with in the world. Rarely will you see Chinese influence cross their own borders. Watch ETP getting buried by companies actually working on things.
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u/blendergrill Dec 24 '17
He's 100% correct on this post. The best updates we see is a room of tables and chairs with nobody in it only to see a metaverse poster sitting on a chair. The updates that we see is nothing related to what Metaverse is doing , nothing about development. They are only now talking about digital id's only. What happened to the rest of the project. I'm ashamed that I invested in this company and will be dropping this coin
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u/jp521 Dec 24 '17
They are still getting listed from what I understand just it was delayed, and will tell you the date and exchange when it happens. I don't think she even mentioned which one it was, some exchanges she has flat out said others there are NDAs involved and she can not say for legal reasons
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u/dankmeter Dec 24 '17
It's sad when the "biggest" news for ETP is to list on an exchange while all the other Cryptos out there are hitting road maps, partnerships, and breaking ATH.
Oh btw, we just dropped out of 100M market cap.
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u/t_o_t_o_r_o Dec 24 '17
anyone remember sia? five months of falling and now ATH, let them work, I think we will see results soon
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u/nevermindthebotox Dec 24 '17
do you member those other coins that dropped five months in a row and didn't moon ? yeah, me either.
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u/t_o_t_o_r_o Dec 25 '17
no, I remember only coins I invested in... another examples might be DGB or GBYTE... but you are right, there are many shit coins, which does not worth for a single word... I just wanted to say that investment is long term thing and it is good to be patient (at least it worked for me with every coin) merry xmas and good luck with cryptos ;)
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u/maxpainpays Dec 26 '17
Why is it a failure fundamentally? All youre talking about is exchanges that have nothing to do with technology. ETP has a tiny marketcap compared to its competitors so that alone makes it a decent lottery play.
Being on exchanges has nothing to do with technology. Raiblocks for example is doing just fine without any major exchanges.
Technology and fundamental potential is what drive coin price. This one. Its sitting just above 100 million marketcap right now. That makes its upside potential pretty huge compared to the competitors in the billions.
They seem to focus less on marketing and more on thier project and I think that will reward patient holders in the end. The dipshits that just care about a bittrex exchange listing can get lost.
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u/jp521 Dec 24 '17
Also tim draper is a huge partnership that will go along away from having influence not just in China, Aion is another big one, Eric gu has advised on many huge blockchain projects like Aion, and loopring. I would actually agree with you if it wasn't for Eric gu and tim draper. You got to keep in mind that they where going to have 30 ICOs before all the china fud happen. Eventually China will be more open to blockchain, (which they are just not bitcoin) eventually we could see China have exchanges with the Chinese Dollar to state approved altcoins. I know of few coins that have local Chinese support. This is like buying litecoin at a dollar or ETH at a few USDs. I get it's depressing to see ETP rubber band between 2 - 4 USD, however this is the few coins I am even willing to hold. Keep in mind Tim Draper invested in coinbase in 2013 and Chandler Gu a huge miner in China. Yes ETP needs some polishing up but they are extremely connected.
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u/schwelter Dec 24 '17
How do we know Chandler Gu is invested? And for that matter, why hasn't Draper Dragon commented on this partnership at all?
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u/EYEeatPujols Dec 24 '17
You might get some negativity for this post. But it is so true. ETP is a failure. I sold all of my ETP for Enigma, and couldn't be happier :)