Bitcoin Forum

I saw the  dayly timeframe  chart on binance and  it's  BEARISH
What are your toughts about it?  It's  at  10 cent...compared to its  competitor  ''golem''  which  keep on rising....  so  which is  the best bet in your opinion?

It's still suffering from Post Mega ICO blues, as I call it. With all those hundreds of millions raised from the likes of Bancor, SONM and EOS, there is more pressure downwards on price rather than upwards. Every cent needed for a price increase needs huge volumes to move.

ICO investors, since the majority were looking for quick profits, are just now dropping off one by one. Months are too long for them to wait, so price is just letting down on increasing pressure.

(Hint: good time to buy yes?)

good , lets falling harder so i can buy more , i love weak hands , they make me rich  :D :D

SONM is definitely a good buy right. Their slack is active, they have new additions to their team and showing consistent activity on github. They are not focusing on marketing right now and are active on their actual product. I believe they are even speaking at a conference this weekend in London and will be on Binance soon. This will be a long hold. Disclaimer, I have invested a small amount in this team but was not a part of the ICO.

Well Xel aka Elastic quite a similar product also is quite week. Or just think about the time golem needed or still needs.

Supercomputers might just have their time in 2018

I agree with above posters. SMN has imo bottomed out, so this makes it an interesting buy.

I think listing on Binance is not an option to help SNM raise prices. They need a product that works well and connects more partners to develop more of their project, if they do this surely SNM will go to the moon.

Yes it is. It 8s because they did not check which whale dumper who bought the token. Did not like cindicator which use white list. This crypto world still too wild. Whale take advantage of it. Thats why you need to be very carefull before inveat in it.

All the people was waiting for big exchange to dump their token. Binance listed and people dumped it. It would be example to other ICO participant.

even at the ico stage it was clear that it was not worthwhile to buy a sonm. They had scandals about changing the conditions of presale

SONM chart is  not bearish but very mildly bullish.  It has not gained since ICO.
There are many others like it. It will take some good news or release or a big crypto rally
to get it moving.  Holding a small amount of it and not planning to add.

Sonm is undervalued now. I belive that we will see critical bump of price, when first developments will be announced. Total capitalisation very small for such project.

1. If  SOMN will be implemented - price will increased dramaticaly
2. If SONM will not implemented. -  price will be zero

It is my logic regarding SONM

It has a ways to travel still. I think we can expect the price to half before the reversal to a significant uptrend.

SONM has more potential than Golem, imo. Price has somewhat bottomed out so I see lots of upwards potential.

Excellent chance to buy by price below ICO. SONM is long-term. Not for PnD now. And it is good. Solid projects need.

The volume traded at Binance Exchange is now very low. SNM needs a product that works well for the development of the project because SNM is considered a new revolution in the Blockchain platform and I hope the price will be more stable.

The basic idea doesn't make sense, because they are developing the super computer but in other side, the dev are claiming to generate the dividend through their service by developing the supercompiter. if that can be a passive income but that will not generate a lot of the amount to keep the dividend to the investors. that was crap.

At first I believe with this sonm coin, when the sonm is just coming out.
However, it seems that the condition of this coin is getting worse. I think the first reason why sonm keep falling down because the supply of this sonm coin is too much.

You guys have NO clue what is going on! You are just talking FUD everywhere for whatever reason. Let me explain what SONM is doing and why most of you are talking the biggest shit I have ever heard.

SONM will be at the meetup in Barcelona 3,4&5 Octobre, they will release the v0.3 Arch in a couple of days, the monthly update will come anytime now. They got listed on binance.com this week and have announced today that there will be a partnerschip between SONM en Selectel.

Don't you cry about the price, buy more, accumulate, open up your eyes. This will be one of the most succesful projects in history. Don't come here to FUD.

that's sounds great sir so this ongoing downfall only indicates that there's some good news to come and maybe those who's selling it right now
will cry out after this updates better to check it up and try buying some coins for sure after the bounce back price will meet another new level
better to make sure that I'm in thanks for this info.

IMO, SONM has a solid product and good development team. It is lacking marketing. I believe SONM will come up with good marketing once its product is fully developed. And the price will surely rise.

If the team could deliver the product in the right time frame then we could see some movement in the price,other than that the price is really not moving from the time it hit the market,so this is a long term hold until the team comes up with the good news,if they could list the coin in some major exchanges then we could see some movement,other than that waiting is the only thing you can do.

yes, Sonm is a good product, but on the ICO they obviously overstated the size of the investment and it is now hard for investors to make a profit

One of my friend invested in SONM ICO way too much, and after ICO he said that he does not think the price will ever recover.

Luckily he still have the token in his bag now.  ;D

This thread has been opened on 29 September, I mean before the recent pump, SONM price is much better now, it is stable at $0.17 now, although it reached $0.23.

if I'm not mistaken, sonm is currently trading below the ico price? does anyone remember the price of ico?

ICO price was $0.12, so it is over ICO price now in term of USD, they collected about $40 million, circulation supply is 330 million token, but I think ETH price was between 350-400$ at the time of SONM ICO.

Sonm is very risky project to invest in, but I love how it may return huge profits rewarding that risk.
I feel like holders of sonm will win and dumpers will lose this time.

i already sold all my sonm and took ~5x profit but still this project worth holding till end of next year, great developers! . I just cant hold that long ... good luck long term holders ::)

Sonm has become agressive the value lately, but sadly I sold mine before. So lucky for those who hold after the ICO because they really earned huge profit when Sonm hit the pump. But i dont know until what price will continue the rise of Sonm.

I'm impressed with the price stability after it hit its recent high of 5759sat. It has settled down into a tight range of about 3840-4200sat. I think we will see it make a breakout higher over the next week.

I wonder why it dropped, looks like a normal correction and a last drop in value after a short period of accumumation. I think by mid october we'll be back at 0.2

The huge ICO funds raised nailed the price Although it is not as much as Bancor and EOS

But 1 thing there, SonM is giving constant updates and news

YET, the FUD is very strong if you take a look on their thread, i am not sure on a scenario where

If people don't like on the project, why do they bother posting on the thread so ya

then at the current moment they trade even higher than their price for ico. And the title of the topic is pessimistic)

Yes it is falling but I think it is parallel to the market. It will rise to $0.25 again in a very short time. Don't dump it just because it is falling.

Of course, now almost all the altcoins are falling, do not expect from sonm miracles in such a market

Sonm and others altcoin keeps falling but eventually I think it will recover. It will rise again soon so for those who holds will gain profit. Because sonm for sure will grow its value in the market.

I personally already tripled my btc so I'm one happy investor. :)

Its normal as everything is dropping at the moment. It will increase when the markets get back on their feet.

Long-term investment, could be huge depending on how the other decentralized supercomputing projects pan out. 

It made hardcap with what, 42 million USD? Expectations are bigger naturally but they failed to deliver that super computer. I'm not surprised about recent price. It's over ICO price based on USD but less based on BTC and ETH.

So it is a good time for buy some this coin and hold it long time. It is very cheap so why not try?

fair and I will follow your creations. I like a few percent below.
one day I will enjoy the reasonable price, because SONM keeps doing my development see it in the news column.
I hope to be unlimited in Liqui.

This is not a good time, My guess that the price of each sonm token will be back to the bottom, If you are trying to buy the sonm token in this time and you must try to consider about you are buying it in the green chart, So in other way if we are seeing about the future if the price of sonm will be falling and you will got trap in your sonm portfolio.
As far as i can see about just wait until another correction will come and you will be able to more as much as you can.

Yeah, you are right, I do not think SONM will continue increase its value in a short time. SONM is one of project I have invested for long term. If you want to make a huge profits from SONM, you need to wait a long time.

and buy as much as you can one the way over there