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RE: Regal Coin Review - A New Competitor To BitConnect, BitConnect 2.0, Scam, or A Clone?

in #dtube7 years ago (edited)

I may pass on this one. New ICOs and investment opportunities are coming out often, so I don't feel any urgency to invest at this time. They sell out too fast on their tokens and having to sign up under someone doesn't sit well with me. I can't be bothered. So, if I miss this boat, then it is what it is.

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I agree that the way that they have the ICO process to where people can purchase the token is discouraging to a lot of people that want to invest in Regal Coins. Although I'm not one of those people I do see the frustration and feel that it will just force some people to look for other sounds investment opportunities as opposed to waiting around.

I watched a few YouTube videos made by some people who are promoting this ICO. Some of them are complaining that they deposited their Bitcoins at the platform but that they haven't been able to buy since the tokens are selling out too fast. The company that runs the platform have placed a limit on the number of coins that they sell in a day. Few people have the time to wait around or to keep checking back for buy opportunities.

Yep they did this by design to create a excitement and a buying frenzy so that the demand substains itself without the entire ICO launch.

Good point. Scarcity and FOMO are powerful drivers for emotional investors.