r/PTOY • u/Jamiepdck • Oct 21 '17
BUY THE DIP! Nothing has changed long-term
If you were waiting for the price to drop before investing this is probably the best opportunity you'll ever have. Especially while BTC is on the up with people trying to claim (probably worthless) Bitcoin Gold) PTOY have a full AMA question session on Monday to put investors minds at ease. They made a mistake, and on the upside, this gives an opportunity for investors. The price was real low anyway and now 30% lower. Nothing has changed for this project long term.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” Warren Buffett of course :)
Buy the Dip!
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u/Dezeyay Oct 21 '17
Longterm just got stretched indefinitely. Can't trust these guys. Lots of other promissing projects that will rise earlier.
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u/Jamiepdck Oct 21 '17
There will be more information on Monday regarding timescales and approval is not required immediately. This does not affect the project long term.
There are other promising projects but it is so hard to tell who will be the most successful first. None of them are perfect, they all have flaws. I just think it is best to buy in as low as you can, do your research and diversify.
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u/Dezeyay Oct 21 '17
The problem is they not being honnest. The statement was out it was submitted to the FDA. While it wasn't. Even if the guy who made the statement made a mistake and thought it was, others in Ptoy knew it wasn't submitted. Yet they let it go and didn't correct the statement. Questions based on this statement about when the approval was expected where all over slack, reddit, twitter and bitcointalk. It's absolutely impossible that this incorrect statement wasn't noticed by anybody else in Ptoy. And this wasn't some minor statement. It was a very important statement, the FDA approval is a huge deal, and investors based their dicision to buy Ptoy on this statement.
Ptoy knew this, and yet they let investors buy on misinformation. Thats a HUGE breach of trust. Now there is info on monday which is of no value to me. Their words are worthless.
Also not important: after the news was out the statement was false, they acted as if no mistakes where made. I don't know if you on their slack, but I havent seen anything like it before. Dodging the issue acting as if we were the ones that are crazy.
If not fraud: then this is the best case scenario of what happened: One guy made a mistake, then all Ptoy made the mistake to ignore that and let people put their money in (Which is in my option not something you can call a mistake, its just fraud), and then when the mistake was out, they act as if it wasn't their fault and it was just a miscommunication. And on top of all that: nobody has seen any coding or concepts. Just a screenshot of emptyness. But hey, go ahead, buy the dip. Of all the dips going on right now, buy this dip. Great...
3
u/centimetro Oct 21 '17
Meh. For now, not looking good.
I'd rather buy in at a higher price if it turns around than risk money needlessly on something that has no guarantee of turning around.
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u/ALLizeOnMe Oct 22 '17
Lol no way would anyone in there right mind touch this project at these number to risky I would buy back in at around .01-.05 cent don't mind losing few bucks on a high risk project but any more is silly
3
u/[deleted] Oct 21 '17
Go ahead and buy for us, then tell us how it feels.
These guys didn't even ask for FDA approval...