I've noticed a lot of OmiseGo shilling here. The shills sold you on the positive points but here are the glaring negatives
>the ICO was very controversial with whales buying up most of the tokens
>whales have been manipulating the price since it hit exchanges so don't be surprised if there's a colossal dump incoming
>the token has little utility
>the token is use to 'secure' the payment system
>the token generates more OMG tokens for the staker
>the demand side is seriously lacking
>Omise has been a functional company for a while and never needed OMG tokens
>now they all of a sudden need one because easy ICO cash
>Mcdonalds Thailand is using Omise payment system but NO confirmation it is using OmiseGo
The shills will try to sway you again but these are the serious negatives you need to consider especially if you're buying now
>>2950585
all this is nonsense, you can find similar faults for every single coin in existence. None of this matters, you still don't get it? You can't base your short-term predictions on fundamentals. The price runs on hype and fake news. If you want to care about fundamentals then you should care about year+ time, and the price will fall 100 times before then. For short term you should only care about the hype and speculation that is going on. Next time you people talking about "real value" and "useful coins" ask yourself why you are poor instead.
>>2950615
He's just providing counterarguments.
To think any coin is 100% great and nonstop mooning is retarded
This is probably one of the least shilled coins on the board.
none of those are glaring negatives
>>2950585
Fuck off with your FUD
>the ICO was very controversial with whales buying up most of the tokens
uhh what, the minimum investment was 5k for bitcoin suisse, on ICOAGE the max investment was 1 ETH
>the demand side is seriously lacking
Omise is serving over 9000 merchants, and process 8 to 9 digits USD worth of transactions per day
source: https://www.omise.co/omise-go-why-it-is-necessary-and-why-it-is-awesome
>Omise has been a functional company for a while and never needed OMG tokens
they are early backers of ethereum and have been planning OmiseGo for years
>now they all of a sudden need one because easy ICO cash
they refused to raise more than 25M from the ICO even though hundreds of angry retards begged them to raise 50M+ so they could buy in
>Mcdonalds Thailand is using Omise payment system but NO confirmation it is using OmiseGo
They will be when the service is functional.
https://www.reddit.com/r/ethtrader/comments/6rie3k/mcdonlands_thailand_switching_to_omise_confirmed/
>mfw had 2k omgs that i bought at $1.51 and sold a week ago at a small loss to put into Tierion
Hope that shit makes up for this
Yeah I can attest to the fact a handful of whales got all the coins. Probably worse than BAT but all behind closed doors deals with OmiseGO devs and a number of exchanges. A small number of big investors got in through Bitcoin Suisse are now millionaires.
>>2950615
I hate you but you're right. If you want to make money overnight you have to outplay the other idiots.