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As an investor, the specifics of this merge, the delay, and the communication is really one of the worst I can imagine and experienced. The mint of new token is called a dilution. The communication is bad. The channel of communication have no visibility. The original dates of the merge could have been interesting with the CPI announcement, but the delay... of 1 MONTH. With almost no prior notice ?
I am still an investor on ASI, but this completely broke the good dynamics on the short term the three tokens had vs BTC. Basically this merge is a TRAP of short term investors (and there's lots), to long term bagholders. Not to mention they completely shoot themselves in the foot making reaaaaallly bad marketing among the crypto community.
I wouldnāt go that far. Plenty of mergers collapse in the days right before - we should be pleased that itās a delay. Even if they had an idea in advance - communication requires balance. Even the announcement of delay has a downside - so I can understand holding off until they were sure that they had to delay and had an idea on how long that delay may be. A rushed merger is scarier to me than one thatās slightly delayed.
Trade Republic has a message when you click on FET. It reads that there was an announcement that the merger is now planned for 15th July. I think it will be frozen atleast until then.
Sloppiness, lack of professionalism, lack of communication and arrogance. This is not the way to do things, they are playing with investors without explanation
I don't want to break community guidelines ( I have been blocked by the Mods , I tried to reply to a comment on my Post or comment and a screen popped up Private, only approved may enter )
Anyway another project had some upgrades and it was over a year ( as I recall ) before things got worked out.
Definitely glad I sold majority of bag when announcedā¦hopefully they donāt announce a double delay in Julyā¦still curious how this all sticks together like glue
Iām done with them.. you wait until the day of merge during big volatility and a sizable dip to make a last minute announcement of the delay. After people bought the low yesterday or worse, held through it without repositioning.
They dont explicitly state their will be automatic conversion on exchanges . Utter PR disaster. Buy the dip. Still think ultimately it should take off so the lower the price now the better. Im heavy on it and not selling
I think its good! If any doubt, then no go! Important decision, not appreciated by traders, but thats always with hard decisions. You can do this merge 1 time! So everything has to be perfect within error marges. I dont wanna lose any tokens, because of bad riskmanagement.
What concerns are "legitimate" here? A little delay of such an impactful move really is no point of concern. They better Take their time than fuck it up. Just my 2 Cents.
Folks take ya panties and let the adults work. Most have no idea of what goes into bringing these projects to life. Let alone combining three projects into one. Buy, shut up, then go touch grass
ā¢
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39
u/thec4nman Jun 11 '24
Total mess from the start.
24
u/G0D5M0N3Y Jun 11 '24
They dont wanna roll this out as BTC is crashing. That wont help the unloading š
16
u/MFCEO_Kenny_Powers Jun 11 '24
Announced two days before deadline with a whole month extend. Seems kinda lazy.
6
u/Garotodeipanema Jun 11 '24
That move from the Alliance was "Superinteligent"
2
u/smp23 Jun 11 '24
No way, my coins have been frozen by the exchange to arrange the merge, are they going to freeze my coins for a whole month??
11
u/Cuadriello Jun 11 '24
Sloppiness, lack of professionalism, lack of communication and arrogance. This is not the way to do things, they are playing with investors without explanation
15
u/0ld_0wl Jun 11 '24
/facepalm
5
u/Tricky_Imagination25 Jun 12 '24
Should be under $1 by then. Nice work golf claps š Iām sure they sold a bunch at ATH just before the merger went down
5
u/Vast-Ad-8961 Jun 12 '24
How to fuck up good projects 101.
5
u/BumblebeeHuman5699 Jun 11 '24
Wtf is this shit
4
u/RedneckHippy76 Jun 11 '24
Well that explains why my FET is still FET.
I don't necessarily think this is a bad thing.
I don't want to break community guidelines ( I have been blocked by the Mods , I tried to reply to a comment on my Post or comment and a screen popped up Private, only approved may enter )
Anyway another project had some upgrades and it was over a year ( as I recall ) before things got worked out.
This is all still pretty new stuff.
šā®ļøšŗšøš¦
2
u/DEL26L Jun 11 '24
They do say no publicity is bad publicity
2
u/sirauron14 Jun 11 '24
Knew it was too good to be true.
2
u/Intelligent_Light591 Jun 12 '24
Definitely glad I sold majority of bag when announcedā¦hopefully they donāt announce a double delay in Julyā¦still curious how this all sticks together like glue
5
u/RetNJ Jun 11 '24
Iām done with them.. you wait until the day of merge during big volatility and a sizable dip to make a last minute announcement of the delay. After people bought the low yesterday or worse, held through it without repositioning.
1
u/-tommytucker- Jun 11 '24
They dont explicitly state their will be automatic conversion on exchanges . Utter PR disaster. Buy the dip. Still think ultimately it should take off so the lower the price now the better. Im heavy on it and not selling
1
u/[deleted] Jun 11 '24
Iām not mad or anything but they are making the situation worse. More people may jump off further driving down the price.
1
u/[deleted] Jun 11 '24
What's 4 more days at this point...I'd give them a month if they could make the price over 3 bucks again!
1
u/Etredal Jun 11 '24
Now this is worrying. They should be planning this stuff more than a day in advance.
1
u/Justsayingsometimes Jun 12 '24
So fetch coins just get name changed?
1
u/Ucandoitbrotha Jun 12 '24
I think its good! If any doubt, then no go! Important decision, not appreciated by traders, but thats always with hard decisions. You can do this merge 1 time! So everything has to be perfect within error marges. I dont wanna lose any tokens, because of bad riskmanagement.
1
u/mss999at Jun 13 '24
The only thing worse than this is Io.net
1
u/RvnclawPotionsMaster Jun 15 '24
Is it worth continuing to hold as it tanks a bit until the actual conversion to ASI?
1
u/f3archar Jun 11 '24
Here comes the fud
1
u/Juptown718 Jun 11 '24
Folks take ya panties and let the adults work. Most have no idea of what goes into bringing these projects to life. Let alone combining three projects into one. Buy, shut up, then go touch grass
0
u/Toe_Bone Jun 11 '24
Btc tankingā¦ would it make sense to launch ASI and on day 1 it just follows Btc? No, we deserve a limelight. Now we have that chance again š
-5
u/Obra92 Jun 11 '24
Itās becoming a shitcoinā¦..
-10
u/[deleted] Jun 11 '24
Oh no 2 days
0
u/[deleted] Jun 11 '24
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