forums

OT: Phillip Buchanon launching his own cryptocurrency

T

Trill

Recruit
Joined
Jan 13, 2017
Messages
298
I’m in charge of Business Development for BitDreams Inc. and he has been working with us for the last couple of months.

His app is called Vite. Find out more at www.vite.world.
 
Advertisement
As someone who is well versed in the cryptocurrency space i would not invest in this project. There will be 100's of athletes and celebrities lending their names to crypto projects that have sub par programming teams and offer little to no pertinent details about the token the offering. No whitepaper, no supply listed, nothing on the roadmap that is worthwhile.

Most companies of this nature are only utilizing ICO platforms to raise funds because the crypto space still lacks basic regulation and consumer protections. I wish Phillip Buchanon well but i've seen literally a 1000 ICOs fail in similar fashion. They start with an idea , collect investor money, than try to develop the product later.
The idea behind the app is not half bad i will give it that.
 
Last edited:
CFLCane said:
As someone who is well versed in the cryptocurrency space i would not invest in this project. There will be 100's of athletes and celebrities lending their names to crypto projects that have sub par programming teams and offer little to no pertinent details about the token the offering. No whitepaper, no supply listed, nothing on the roadmap that is worthwhile.

Most companies of this nature or only utilizing ICO platforms to raise funds because the crypto space still lacks basic regulation and consumer protections. I wish Phillip Buchanon well but i've seen literally a 1000 ICOs fail in similar fashion. They start with an idea , collect investor money, than try to develop the product later.
The idea behind the app is not half bad i will give it that.
Click to expand...

There is a lot of truth to this.
 
CFLCane said:
As someone who is well versed in the cryptocurrency space i would not invest in this project. There will be 100's of athletes and celebrities lending their names to crypto projects that have sub par programming teams and offer little to no pertinent details about the token the offering. No whitepaper, no supply listed, nothing on the roadmap that is worthwhile.

Most companies of this nature are only utilizing ICO platforms to raise funds because the crypto space still lacks basic regulation and consumer protections. I wish Phillip Buchanon well but i've seen literally a 1000 ICOs fail in similar fashion. They start with an idea , collect investor money, than try to develop the product later.
The idea behind the app is not half bad i will give it that.
Click to expand...

This is actually Phil's project. The product is ALREADY developed, the white paper is written, and the supply is listed. Did you click the link? Lol

https://www.inc.com/salvador-rodriguez/phillip-buchanon-tech-entrepreneur.html

https://www.vite.world/Vite_Whitepaper.pdf
 
Should I clean out my 401k, take a loan against my pension, and sink everything I’ve got into this?

Seriously, though.

How do you get investors for crypto currency when no one really understands what it is?

I consider myself a fairly sophisticated investor, I have a graduate degree, I’ve even occasionally employed what basic investors might consider some slightly complex hedging strategies, and I have yet to learn enough about crypto currencies to feel comfortable making any big bets on them.

Yes, I can look back at their appreciation history today and wish I would have gotten in at this point or that point, but that’s true of anything.

I still don’t know if this has legs, because I don’t understand it enough.
 
OriginalCanesCanesCanes said:
Should I clean out my 401k, take a loan against my pension, and sink everything I’ve got into this?

Seriously, though.

How do you get investors for crypto currency when no one really understands what it is?

I consider myself a fairly sophisticated investor, I have a graduate degree, I’ve even occasionally employed what basic investors might consider some slightly complex hedging strategies, and I have yet to learn enough about crypto currencies to feel comfortable making any big bets on them.

Yes, I can look back at their appreciation history today and wish I would have gotten in at this point or that point, but that’s true of anything.

I still don’t know if this has legs, because I don’t understand it enough.
Click to expand...

I understand that. No you shouldn't. I wasn't looking for investors as we aren't looking to attract US investors. Just sharing.

Crypto investors like crypto because when the token hits the exchange, its value fluctuates (generally there is an increase as the project progresses according to its timeline). Investors analyze projects usually based on the team and the project improvements while this is significantly further along than most apps.

So crypto investors typically invest in the technology.
 
Thanks.

I really need to read up more on this, but to really understand, it would be a massive investment of time, since this is about so many things including the integrity of coding technology and software and a whole new way of looking at the way “money” is defined and backed. It’s revolutionary, and it may be the future, but for someone like me it requires a thorough knowledge.

Eventually I will roll up my sleeves and take it around the block.
 
Advertisement
OriginalCanesCanesCanes said:
Thanks.

I really need to read up more on this, but to really understand, it would be a massive investment of time, since this is about so many things including the integrity of coding technology and software and a whole new way of looking at the way “money” is defined and backed. It’s revolutionary, and it may be the future, but for someone like me it requires a thorough knowledge.

Eventually I will roll up my sleeves and take it around the block.
Click to expand...

When you do let me know. My brother and I have started playing around in the stock market and it’s a tough game to play for sure. We want to get in on some of the crypto stuff but have no clue where to start.
 
cyrpto are a ponzi scheme, nothing else. just ask 99% of these cyrpto geeks how much FIAT $$ they've made.....
 
6IX9INE said:
cyrpto are a ponzi scheme, nothing else. just ask 99% of these cyrpto geeks how much FIAT $$ they've made.....
Click to expand...

That’s not accurate. If it were a Ponzi scheme then you’d always benefit from adopting earlier and anyone that comes in behind you would be increasing your profits and level in the hierarchy.

Crypto does not work that way. In fact, crypto ebbs and flows like the stock market. Someone that got into crypto in March of 2018 can be significantly financially better off than someone who got into crypto a year before them.

While crypto is likely to be manipulated by whales (individuals with significant crypto asset holdings), the stock market is just as easily manipulated. If Warren Buffet sold all of his shares in a single company at any given time, that company would drop in value significantly.

That’s the crypto market in a nut shell. It is hugely popular in European and Asian countries. It’s just a matter of thinking globally as opposed to what we “KNOW” in the US. We don’t know what we don’t know.

But other countries are enthusiastic and support the technology.
 
CFLCane said:
As someone who is well versed in the cryptocurrency space i would not invest in this project. There will be 100's of athletes and celebrities lending their names to crypto projects that have sub par programming teams and offer little to no pertinent details about the token the offering. No whitepaper, no supply listed, nothing on the roadmap that is worthwhile.

Most companies of this nature are only utilizing ICO platforms to raise funds because the crypto space still lacks basic regulation and consumer protections. I wish Phillip Buchanon well but i've seen literally a 1000 ICOs fail in similar fashion. They start with an idea , collect investor money, than try to develop the product later.
The idea behind the app is not half bad i will give it that.
Click to expand...

Don't think it's possible for you to be any more accurate. Everyone's trying to fall in-line with what Bitcoin set the market at last year. For the time being, I've recommended to friends to stay away from the cryptocurrency market. But as you've stated, everyone's trying to get their foot in the door; unfortunately, the cryptocurrency market is already saturated.
 
Trill said:
That’s not accurate. If it were a Ponzi scheme then you’d always benefit from adopting earlier and anyone that comes in behind you would be increasing your profits and level in the hierarchy.

Crypto does not work that way. In fact, crypto ebbs and flows like the stock market. Someone that got into crypto in March of 2018 can be significantly financially better off than someone who got into crypto a year before them.

While crypto is likely to be manipulated by whales (individuals with significant crypto asset holdings), the stock market is just as easily manipulated. If Warren Buffet sold all of his shares in a single company at any given time, that company would drop in value significantly.

That’s the crypto market in a nut shell. It is hugely popular in European and Asian countries. It’s just a matter of thinking globally as opposed to what we “KNOW” in the US. We don’t know what we don’t know.

But other countries are enthusiastic and support the technology.
Click to expand...

like i said ask 99% of these cyrpto nerds how much fiat $$$ they've made

and cyrptos aren't hugely popular in euro and asian countries moreso then the US. you don't know what you're talking about.
 
Advertisement
6IX9INE said:
like i said ask 99% of these cyrpto nerds how much fiat $$$ they've made

and cyrptos aren't hugely popular in euro and asian countries moreso then the US. you don't know what you're talking about.
Click to expand...

Except if you look on the LinkedIn or other reputable networks, you’ll see that there is a blockchain conference or some sort of crypto related business conference or whatnot daily.

I’m not trying to convince anyone to invest as this is largely an international space as the SEC sorts through how they want to deal with the crypto projects. No US investors are allowed during the crowdsale.

I can’t say what they will or won’t do. But I will say that I was just sharing some information on working with a former Cane in a cool new space.

I’ll go back to lurking and defending my favorite players. God bless!!
 
CFLCane said:
As someone who is well versed in the cryptocurrency space i would not invest in this project. There will be 100's of athletes and celebrities lending their names to crypto projects that have sub par programming teams and offer little to no pertinent details about the token the offering. No whitepaper, no supply listed, nothing on the roadmap that is worthwhile.

Most companies of this nature are only utilizing ICO platforms to raise funds because the crypto space still lacks basic regulation and consumer protections. I wish Phillip Buchanon well but i've seen literally a 1000 ICOs fail in similar fashion. They start with an idea , collect investor money, than try to develop the product later.
The idea behind the app is not half bad i will give it that.
Click to expand...

How versed are you my friend? Enough to give a fellow insighter tips?
 
Sigma_Cane_7 said:
How versed are you my friend? Enough to give a fellow insighter tips?
Click to expand...

Some tips.

Anyone who claims to be an expert in crypto is lying.

Always do your own research gathered from a minimum of 5 sources. Even if you dont understand the tech fully you need to know what your investing in to prevent rash decisions during market swings.

NEVER fall in love with a coin.

Learn how to mitigate trading risks.

Never invest more than youre willing to lose.

ALWAYS USE 2FA AUTHENTICATOR


A couple coins im long on. VEN, ADA.
 
Back
Top