Who are the people selling now? I guess they will never learn.
Whales are jockeying for better position in anticipation of a rise in price. They are manipulating the market, easy to do with such a large quantity of coins at such a low price. |
|
|
|
Another comment from somebody who didn't read, but chooses to spew based on empty assumptions.
I don't post bullshit. It's relevant. Educate yourself first, then reply.
The modern human brain takes millions of shortcuts (assumptions) every single day. It using multiple factors to translate inputs from the outside world, and makes informed assumptions based on those inputs & previous experiences. Relevant to your post... Two factors the brain uses to understand the world are Symbols & Context... Symbol = HashCoin Context = CryptoCurrencies It is perfectly normal to assume that a CryptoCurrency called HashCoin identified previously, is the same HashCoin CryptoCurrency identified now. Given the change of symbolic meaning of "HashCoin" in this scenario, I believe the onus is on you to make this clear. Don't expect everyone to discover the changed symbolism without any prompting or notice, and don't get all high & mighty when someone makes a perfectly reasonable assumption. You could have easily done this by adding prominently to the White Paper & Post... Something along the lines of... "Note: This is NOT related in any way to the old HashCoin. This is a new, unrelated HashCoin proposal. ". Simples. This is what I picked up on in reading the document aside it was drafted in Acrobat 5 which will not even run the print capture on current MS operating systems... Page 4 last paragraph: "bad actors", not a very common usage of those terms. and... last paragraph... I actually watched that, and thanks- I hope people feel we're responding well, we can only deal with the hand we've been given. I want to call out that the Syscoin team was the first (of all impacted) to take actual, legal action. We are still the only party that has taken legal action, but I assure you a line is forming quickly. We did this at great cost to what's left of our fund, but felt it the only responsible thing to do- even if it costs us every last penny from our presale fund. Cryptocurrencies will never grow if these kind of actions are consistently met with a "oh darn" reactions from the community. We are tired of the "oh darn" and are taking this very seriously. I can't disclose anything more but the fact we acted as soon as we did may have not only saved our BTC, but it may have saved Mintpal's BTC as well. Can't say anymore than that and I'm not stating anything as fact. As we've stated several times we're still moving forward with SYS, but we MUST focus on the legal issues right now and bring any wrong-doers to justice. For Syscoin, for Moopay investors, for Mintpal users, and for the community at large. We're also networking with all affected parties. Everyone wants to see justice here, and "everyone" here is a very very large group of people. I hope people recognize this expense and effort we're expending to seek justice isn't just about OUR bitcoin. We could've easily taken what's left of the fund, put it toward dev or put it in our pocket and walked away from all this calamity. Instead we're heading dead-on into the eye of the storm and hoping to make an example of "bad actors" like this in the crypto space. |
|
|
|
Another comment from somebody who didn't read, but chooses to spew based on empty assumptions. I don't post bullshit. It's relevant. Educate yourself first, then reply. There is another which has already gone to big-money investors and has over 250 million USD backing it. Should see it on CNN and Fortune this week. Whitepaper via Google Docs. https://docs.google.com/file/d/0B7Uh1mMX7312d1FteFoxcWIyTFE/view?sle=trueWhichever way you want to help push it.
Not trying to disregard your concern, but speaking investor to investor, your negativity is not attracting any new money.
Well said kamronk, getting harder and harder to understand his real agenda. Reading through the past few days posts.......I wonder where some of the posters learned how to be such experts....and if they are ....why don't they go dev their own coin? I feel like you just hit the nail on the head on how to truly weed out the FUD'ers  Not trying to claim WORE as a FUD'er, but I haven't seen any positive things at all in a while from him. Everyone is frustrated, even dev's are frustrated, but there are those acting, and those that are bitching. The time to point out whats wrong has come and gone, now it's time to act on what's wrong. No time for anything else, syscoin to the moon!! No agenda, simply disgusted with the development progress, or rather the lack there of and I am seeing competing coins making progress and one of which is working on it anonymously, and that bothers me. Competition will come, that much should be expected. Syscoin has a functional back end to work from, the only other competitor this close to fulfilling the needed service is OpenBazaar BUT I can't even confirm that much as I'm not involved in the Beta. All other coins talking about a decentralized marketplace are still in design phases. Hashcoin...? You are posting in jest right? Did you read the third launch OP thread? Draw any conclusions? Okay, I've read it. So SHA256, like Bitcoin right? Or will it be x11, x13, or even scrypt? Doesn't sound like stable database with flexibility they are talking about within the blockchain, think along the days of comments in MS Access .mdb files. It mentions nothing of a market place in the Acrobat v5 scrubbed document, but does contain the unfortunate familiar wording; "bad actors", which does happen to be relevant. |
|
|
|
There is another which has already gone to big-money investors and has over 250 million USD backing it. Should see it on CNN and Fortune this week. Whitepaper via Google Docs. https://docs.google.com/file/d/0B7Uh1mMX7312d1FteFoxcWIyTFE/view?sle=trueWhichever way you want to help push it.
Not trying to disregard your concern, but speaking investor to investor, your negativity is not attracting any new money.
Well said kamronk, getting harder and harder to understand his real agenda. Reading through the past few days posts.......I wonder where some of the posters learned how to be such experts....and if they are ....why don't they go dev their own coin? I feel like you just hit the nail on the head on how to truly weed out the FUD'ers Not trying to claim WORE as a FUD'er, but I haven't seen any positive things at all in a while from him. Everyone is frustrated, even dev's are frustrated, but there are those acting, and those that are bitching. The time to point out whats wrong has come and gone, now it's time to act on what's wrong. No time for anything else, syscoin to the moon!! No agenda, simply disgusted with the development progress, or rather the lack there of and I am seeing competing coins making progress and one of which is working on it anonymously, and that bothers me. Competition will come, that much should be expected. Syscoin has a functional back end to work from, the only other competitor this close to fulfilling the needed service is OpenBazaar BUT I can't even confirm that much as I'm not involved in the Beta. All other coins talking about a decentralized marketplace are still in design phases. Hashcoin...? You are posting in jest right? Did you read the third launch OP thread? Draw any conclusions? |
|
|
|
Whichever way you want to help push it.
Not trying to disregard your concern, but speaking investor to investor, your negativity is not attracting any new money.
Well said kamronk, getting harder and harder to understand his real agenda. Reading through the past few days posts.......I wonder where some of the posters learned how to be such experts....and if they are ....why don't they go dev their own coin? I feel like you just hit the nail on the head on how to truly weed out the FUD'ers Not trying to claim WORE as a FUD'er, but I haven't seen any positive things at all in a while from him. Everyone is frustrated, even dev's are frustrated, but there are those acting, and those that are bitching. The time to point out whats wrong has come and gone, now it's time to act on what's wrong. No time for anything else, syscoin to the moon!! No agenda, simply disgusted with the development progress, or rather the lack there of and I am seeing competing coins making progress and one of which is working on it anonymously, and that bothers me. |
|
|
|
Sorry but we are witnessing one of the most epic failures in crypto. And the devs are hoping that they can pick up on that anytime later. Don't they get it that if they won't act NOW it will be too late? This really sucks. Do you really think that if a coin goes sub 20 satoshi it can really grow twentyfold to get back to the ICO price? Syscoin should be lesson for all the devs in crypto how to fuck up good coin.
Look, the dev's priorities have already been decided, nothing we can do. Instead of bitching about the current state of sys, why not contribute to it moving forward. We're obviously working up a pretty nice bounty to get a decentralized app for the decentralized marketplace. You could contribute here by pledging or coding, or you could get creative in other ways. Its pretty clear the devs arent taking much action (dev wise) until they get their funds. We want action sooner? Then its on us. I cried once, nothing to show for it, i started the bounty for the app, its over triple the size i started it at. See the difference? Yeah, this is definitely good idea but it also shows the Main problem of this coin - community needs to take action for the devs because they refuse to work until they get their BTC back. I don't see them as refusing, as much as I see them as overwhelmed and feeling convinced that there isn't time for dev right now (some are developing still but are very limited to their available hours). 4 Weeks just to update the wallet UI and connect it to code that is already there? Me thinks you are in an artistic mood after out berry picking with connecting the market code to a website. It would not appear the rest of the world is running on your clock, at a 90 SAT present market value, do you really think you should bother? Exactly how long before the SYS following questions if this was planned to fail? This can't possibly serve as being attractive, so which way will SYS go at market? |
|
|
|
are there any new ideas or plans coming in the near term for this coin? i have read through and like some of the plans but still see the price going down unless something turns investors heads.
Yes! Be prepared to be placated, not an any normal fashion but this is special, and it's just for you! You will be told what they feel you need to know and only that, if you ask sensitive questions upon the forum you will be deleted. Thus is a lather rinse repeat ordeal special for the ALT COIN subforum. Be prepared to FEEL what the extension of our current paper money Ponzi scheme hosted by our prick/criminal bankers just is, and just how far reaching it can be! This is the money game! You get no lube, and only forceful entry here! "Let me guess, you didn't listen when they said life wasn't fair?" There are scammers out there, they manage "your" money, and behind every corner, everything bites here, it's worse than Vegas, it's the US banking industry in their spare time with no regulation. They wouldn't put out a game if they didn't own it. Just a fact. |
|
|
|
Where does syscoin fit in with all the stuff in the pipeline right now like open bazaar, ethereum, medici etc..? It seems like all the functionality that sys will offer is being done by other projects. What will be unique to sys that no one else will have?
Unfortunately it does appear that reclaiming the BTC in the Moolah situation is a focus above all else, so as far as putting ideas to code being a contender in new concepts it is any ones guess. But putting a benchmark on the most recent wallet release, the smart money isn't on SYS. Thus is why I am not entirely happy. It does look a lot like their target market is 100 SATs. |
|
|
|
The line between risk and stupidity runs very thin. Without investor confidence the coin will not have value. No value, no market, no trade.
Again, this is only true in the short term. Bitcoin, litecoin, dogecoin etc their value is only determined by the demand to purchase the coin by end users. Either to hold the coin or use it to purchase goods / gamble / tip etc. Syscoin will create innate value as the businesses who leverage sys technology *require syscoin to pay for the services they use*. There will always therefore be a scaling demand - as new businesses come on board, demand for sys will increase. For the business, this is part of their infrastructure operating costs. The businesses pay their operating costs in syscoin, the syscoin is regenerated as fees to miners, who sell it back to the businesses and in turn make back their own ROI on their mining hardware. Meanwhile, those true investors who have kept a hold of millions of sys, get to take part in the supply chain. As long as we don't flood the market, the value of our portfolio can only increase as demand increases from new business coming online (selling off a little at a time to make our own income/ROI). (As an aside, eventually, the price of the services themselves (in sys) will go down to balance out the increasing demand and subsequent coin value, so that the business's infrastructure costs don't continue to increase as the price of the coin goes up - so the businesses are protected) Syscoin isn't marketed to investors and users. It is marketed to businesses (new and existing). Investors with the balls to "baghold" get to come along for the ride Again, they need a working product that end users will not have to read a page of instructions to enter text into the console to put an item up, as previously explained that much is trivial on the programming side of it, they should be at the part of beefing up security of that aspect by now and building websites around it is a moot point without the GUI in the wallet. This is a prerequisite to people buying into it, without that, it is not ready for market as it is not a viable product. I don't disagree with your point about a wallet UI. It's definitely needed to properly maintain the decentralized nature of the marketplace. All I wanted to clarify is that "investor confidence" is not the only thing (or even the main thing) that will drive value in Syscoin. Short term, the market cap is based on investors buying the coin off exchanges, this is true. Long term, the volume that people are buying coin off exchanges should be dwarfed by businesses using syscoin for infrastructure and miners earning regenerated fees. A wallet UI is important for PR for the marketplace, or to demonstrate how it works, but again - if they are marketing to businesses, those businesses would build their own UI anyways (hence the website POCs). It just looks to me like they are saying, "Thanks for investor money but we are off berry picking at the moment, please be patient, we'll get back to doing the finish work on the wallet, 'we promise'." And now investors are running for the door holding their back side. Knowing sh!t runs downhill, where does that put anyone that buys into it now? |
|
|
|
The line between risk and stupidity runs very thin. Without investor confidence the coin will not have value. No value, no market, no trade.
Again, this is only true in the short term. Bitcoin, litecoin, dogecoin etc their value is only determined by the demand to purchase the coin by end users. Either to hold the coin or use it to purchase goods / gamble / tip etc. Syscoin will create innate value as the businesses who leverage sys technology *require syscoin to pay for the services they use*. There will always therefore be a scaling demand - as new businesses come on board, demand for sys will increase. For the business, this is part of their infrastructure operating costs. The businesses pay their operating costs in syscoin, the syscoin is regenerated as fees to miners, who sell it back to the businesses and in turn make back their own ROI on their mining hardware. Meanwhile, those true investors who have kept a hold of millions of sys, get to take part in the supply chain. As long as we don't flood the market, the value of our portfolio can only increase as demand increases from new business coming online (selling off a little at a time to make our own income/ROI). (As an aside, eventually, the price of the services themselves (in sys) will go down to balance out the increasing demand and subsequent coin value, so that the business's infrastructure costs don't continue to increase as the price of the coin goes up - so the businesses are protected) Syscoin isn't marketed to investors and users. It is marketed to businesses (new and existing). Investors with the balls to "baghold" get to come along for the ride Again, they need a working product that end users will not have to read a page of instructions to enter text into the console to put an item up, as previously explained that much is trivial on the programming side of it, they should be at the part of beefing up security of that aspect by now and building websites around it is a moot point without the GUI in the wallet. This is a prerequisite to people buying into it, without that, it is not ready for market as it is not a viable product. |
|
|
|
The line between risk and stupidity runs very thin. Without investor confidence the coin will not have value. No value, no market, no trade.
Real investor always stay in the stupidity shadow for many of their investing decision, trader believe value and profit come from market and trade,that's why they have stop-loss point, and that's what make it different from investor, that believe value come from innovation and profit follow behind that. An investor that ignores the facts is not an investor for very long. The cart cannot be put before the horse. Innovation is a quality promised by the dev's of this coin, so far only promised, as such the value on the exchanges has fallen as a result in loss of investor confidence creating a surplus that directly relates to the coin's value it is traded at. Ignorance has no stop loss points. Bigger question is why are you here? If your not an investor at this point, might wanna just cut your loses and move on to next ICO pump and dump. I'm being serious. Most of us here now invested in syscoin cause of the innovation, which will follow in time with much higher profits than a pump and dump. If that a bad trader and got stuck holding syscoin, then maybe trading is not your thing, might wanna try something else. I am here because I hold SYS, and I am upset with the level of progress exhibited by the dev's. I do believe this coin can grow, but have doubts about the intentions of the dev's at this point, and the price that SYS is traded at present, I am not alone in that. |
|
|
|
The line between risk and stupidity runs very thin. Without investor confidence the coin will not have value. No value, no market, no trade.
Real investor always stay in the stupidity shadow for many of their investing decision, trader believe value and profit come from market and trade,that's why they have stop-loss point, and that's what make it different from investor, that believe value come from innovation and profit follow behind that. An investor that ignores the facts is not an investor for very long. The cart cannot be put before the horse. Innovation is a quality promised by the dev's of this coin, so far only promised, as such the value on the exchanges has fallen as a result in loss of investor confidence creating a surplus that directly relates to the coin's value it is traded at. Ignorance has no stop loss points. the release of recent v1.5 wallet and SYYK is enough sign that Sys innovation is still coming and developed, while i understand it's may difficult for some to differentiate between trader and investor, then i leave it with your " investing"Yes, that is a sign, GUI level programming is not within the core programming of the wallet and in fact not a difficult task and at most may require a couple more VAR entries to core programming of wallet. Console is announced as working and usable. Why isn't the GUI? Why are investors dumping? There is a confidence problem, promises, track record of familiar promises and a long list of failed coins that banked on those promises. Lather, rinse repeat? |
|
|
|
The line between risk and stupidity runs very thin. Without investor confidence the coin will not have value. No value, no market, no trade.
Real investor always stay in the stupidity shadow for many of their investing decision, trader believe value and profit come from market and trade,that's why they have stop-loss point, and that's what make it different from investor, that believe value come from innovation and profit follow behind that. An investor that ignores the facts is not an investor for very long. The cart cannot be put before the horse. Innovation is a quality promised by the dev's of this coin, so far only promised, as such the value on the exchanges has fallen as a result in loss of investor confidence creating a surplus that directly relates to the coin's value it is traded at. Ignorance has no stop loss points. |
|
|
|
It is what it is. It is a coin that has lost value due in part to a lack of GUI interface to the console to list the items, or a working as promised wallet. It has fallen in price since launch so it does not have investor confidence/interest and as such the coin will not have value. Value is a required part to attract investor interest, they are in it to make money and that cannot be done for the most part if users cannot enter items to be bought/sold without directly entering the commands into the console. Will people go through all that trouble to list items? Take a look at just how many items are in there and where the value of this coin has gone. Gone being the operative word there along with the lack of items listed for sale. Promise has been a concept that is a precursor to failure in crypto currency and a lot of failed coins put a stake in just that, promise. Dev's need to get this done, if the console is working as designed then the GUI level programming should not be a problem, but seemingly it is, based on that there is a problem with this coin and what it's dev's have promised.
Investor or Trader or simply a profit hunter? buying Sys or any other coin didn't automatically qualify an individual as investor, trader worry about declining price because they only sees profit from price point of view or hurt because they can't gain profit from their buy decision, people who invest called investor because they see and believe in something and willing to take risk that their investment may fail for their believe, every seasoned investor know this. and they know that profit will come. That's what many of us did when we signed to this forum few years ago, we believe in the idea behind Bitcoin, we seek information and we stick around. All the GUI interface and other features for Syscoin will come in time, not in just few month after release, not with this kind of innovation SYS promise, sure, dev may make mistakes along the way, a lot of them i hope so they will learn something, i personally do not want to invest in to something that never encounter and solve a problem in their development. You guys may realize that recently Altcoin market volume are dried up, not just for Sys but for many other Alts, even for the non scamming coin and with promising innovation. a lot of peoples now talked about 10x or 20x or 1bx OKCoin futures trading, leverages and shit like that, because Alt market are not offering profit right now and it's frustrating for many traders, the days of 200% pumps are over now, not with this kind of volume, either you accept that reality or keep dreaming for some miracle, and this also apply for Syscoin, if you expect short term profit from price pumps or rebranding or relaunching or any of the BS act then i feel sorry, accepting reality suck sometimes.. So, for any of you still with trader point of view or can't afford to hold, it's time to move on to other ICO/IPO and hunt your profit, short trading carefully, watch closely for pump and dump sign and ride the wave. with all that happen recently it is obvious that Syscoin is for investor not you. The line between risk and stupidity runs very thin. Without investor confidence the coin will not have value. No value, no market, no trade. |
|
|
|
Wow, two pages from last night of just BS.
Look, developers keep telling us, over and over they are sticking this through, they are going after Ryan and getting BTC back, but also still working on coin.
If you guys cannot see the importance of going after Ryan then i don't know what to say, scammers must not be a concern enough for you. I fully support their decision to go after him and make an example and restore faith in cryptos and this even helps out mintpal customers that lost coins. This is bigger than just syscoin, it's about nature of scamming in cryptos and needs to be addressed if cryptos are to move forward and be taken seriously.
That being said sure it would be nice to have some full time marketing, PR, BUT, with what funds, and also what is their to market yet? Not until the finished product for the storefront is out, and users can add to it, it's just wasted hype for those wanting a quick buck.
Also I see a much bigger problem here in cryptos, it's fact that coins cannot move past the getting out of being tied to BTC, and outside of community yet. This always cause constant hype, constant news in order to keep investors happy, since resources just move from coin to coin. For example someone probably dumped not cause they don't believe in syscoin, just cause BTC was raising in prices so they dump to take advantage of prices rises in BTC or other alts, then might come back and get syscoin cheaper than before.
This is a problem for all coins, we need to detach from BTC and not be pegged to it's prices and fluctuations that are not stable at all.
This is why prices don't matter right now, unless you are buying. But if you hold, who cares. This coin like some others in 2.0 are trying to breach the BTC peg and get out to mainstream with building a product, not by developing new gadgets and toys to play with that seem neat.
That being said, once syscoin gets their btc back and is in full swing AS THEY STATED WILL WRAP UP IN DEC, stop bitching and let them do their jobs.
I SWEAR CRYPTO COMMUNITY ACTS LIKE BUNCH OF ADHD CHILDREN SOMETIMES. Give them some time, they have fully be transparent with us, read the blog updates, I am starting to think nobody reads them, or this is purposeful attempt at FUD.
Yeah, syscoin isn't just about flooding with investor interest so we all make money selling coins for a profit on an exchange. Syscoin service technology is meant to be used by businesses and enterprises. Or to facilitate new types of businesses (like SYYK and other such concepts) that have not previously been possible. Having a working marketplace example running might be good to use as a demonstration and to improve investor confidence, but any business who wants to leverage syscoin tech is going to build their own UI anyways. Yes, people who download the wallet would want a pretty marketplace UI built into the wallet instead of using console commands. But the point of syscoin (IMO) is that eventually most of its user base not only doesn't use a wallet at all - they have no idea they are even using syscoin or blockchain tech. This is a roadmap measured in years, not weeks, and the PR needs to be done when the time is right, not just to placate an investor who wants to dump their coin at 1000 sats to make a profit. THIS. finally somebody who has it right! The potential for this coin is huge, and the main goal isn't to appease some asshole selling at .00001 btc. The goal is to improve on the proven but aging and featureless entity that is bitcoin. The first player in the market breaks the ice, but it is the players that come later and refine and massage the core concepts into something much more useful and user-friendly that will win in the end. SysCoin has a lot of great ideas. Novel concepts don't materialize instantly. They take time. The devs have been working on this project for a year, and they continue to release new updates and features. If people can't see this they are just sheep anyway, finding the altcoin flavor of the week. Could we use more pr? Yes, but there are a couple more core concepts that need to be released before the pr onslaught. Hodl your coins and remember why you bought SysCoin in the first place. It is what it is. It is a coin that has lost value due in part to a lack of GUI interface to the console to list the items, or a working as promised wallet. It has fallen in price since launch so it does not have investor confidence/interest and as such the coin will not have value. Value is a required part to attract investor interest, they are in it to make money and that cannot be done for the most part if users cannot enter items to be bought/sold without directly entering the commands into the console. Will people go through all that trouble to list items? Take a look at just how many items are in there and where the value of this coin has gone. Gone being the operative word there along with the lack of items listed for sale. Promise has been a concept that is a precursor to failure in crypto currency and a lot of failed coins put a stake in just that, promise. Dev's need to get this done, if the console is working as designed then the GUI level programming should not be a problem, but seemingly it is, based on that there is a problem with this coin and what it's dev's have promised. You also act like their are lot of real investors in cryptos? Manipulators is more like it. Some of the coins at the top are not cause they are great, few major investors like NXT, which help keep value up, or darkcoin instantmine. Then you have some phony coins like ripples and bitshare x and stellar that shouldn't even be on list. What about some POS coins? Probably BC being only one people really use, if that. Outside the big 3, BTC, LTC and DOGE what coins are worth investing in with innovation? I can probably add them up on one hand. Once you realize this is not investing, as much as manipulated markets where capital flows to the next big pump and dump, you'll understand why prices don't matter in syscoin. Just buy and hold, and use it when possible. They will eventually break away from BTC Peg and then real value will be determined outside of the like of people like wolong, fontas, or bobsurplus, ect. Correct, credit where credit is due and for that matter recognition of the BTC Mafia BTC © is due, might I include the aspect that the US has been run by the mob for what like +/- 50-60 years? Basic observation of world bank ledgers between China and US, it does show. For the most part they do follow the basic rule set that they are in it to make money, same as an 'a typical' investor, if by pump and dump or by true human nature outside of a manipulated theater. It is what it is, as it stands until they deliver on a working wallet inclusive of a GUI driven market, it is a bad investment and has not crossed the line into being a successful coin with only promises rendered. |
|
|
|
Wow, two pages from last night of just BS.
Look, developers keep telling us, over and over they are sticking this through, they are going after Ryan and getting BTC back, but also still working on coin.
If you guys cannot see the importance of going after Ryan then i don't know what to say, scammers must not be a concern enough for you. I fully support their decision to go after him and make an example and restore faith in cryptos and this even helps out mintpal customers that lost coins. This is bigger than just syscoin, it's about nature of scamming in cryptos and needs to be addressed if cryptos are to move forward and be taken seriously.
That being said sure it would be nice to have some full time marketing, PR, BUT, with what funds, and also what is their to market yet? Not until the finished product for the storefront is out, and users can add to it, it's just wasted hype for those wanting a quick buck.
Also I see a much bigger problem here in cryptos, it's fact that coins cannot move past the getting out of being tied to BTC, and outside of community yet. This always cause constant hype, constant news in order to keep investors happy, since resources just move from coin to coin. For example someone probably dumped not cause they don't believe in syscoin, just cause BTC was raising in prices so they dump to take advantage of prices rises in BTC or other alts, then might come back and get syscoin cheaper than before.
This is a problem for all coins, we need to detach from BTC and not be pegged to it's prices and fluctuations that are not stable at all.
This is why prices don't matter right now, unless you are buying. But if you hold, who cares. This coin like some others in 2.0 are trying to breach the BTC peg and get out to mainstream with building a product, not by developing new gadgets and toys to play with that seem neat.
That being said, once syscoin gets their btc back and is in full swing AS THEY STATED WILL WRAP UP IN DEC, stop bitching and let them do their jobs.
I SWEAR CRYPTO COMMUNITY ACTS LIKE BUNCH OF ADHD CHILDREN SOMETIMES. Give them some time, they have fully be transparent with us, read the blog updates, I am starting to think nobody reads them, or this is purposeful attempt at FUD.
Yeah, syscoin isn't just about flooding with investor interest so we all make money selling coins for a profit on an exchange. Syscoin service technology is meant to be used by businesses and enterprises. Or to facilitate new types of businesses (like SYYK and other such concepts) that have not previously been possible. Having a working marketplace example running might be good to use as a demonstration and to improve investor confidence, but any business who wants to leverage syscoin tech is going to build their own UI anyways. Yes, people who download the wallet would want a pretty marketplace UI built into the wallet instead of using console commands. But the point of syscoin (IMO) is that eventually most of its user base not only doesn't use a wallet at all - they have no idea they are even using syscoin or blockchain tech. This is a roadmap measured in years, not weeks, and the PR needs to be done when the time is right, not just to placate an investor who wants to dump their coin at 1000 sats to make a profit. THIS. finally somebody who has it right! The potential for this coin is huge, and the main goal isn't to appease some asshole selling at .00001 btc. The goal is to improve on the proven but aging and featureless entity that is bitcoin. The first player in the market breaks the ice, but it is the players that come later and refine and massage the core concepts into something much more useful and user-friendly that will win in the end. SysCoin has a lot of great ideas. Novel concepts don't materialize instantly. They take time. The devs have been working on this project for a year, and they continue to release new updates and features. If people can't see this they are just sheep anyway, finding the altcoin flavor of the week. Could we use more pr? Yes, but there are a couple more core concepts that need to be released before the pr onslaught. Hodl your coins and remember why you bought SysCoin in the first place. It is what it is. It is a coin that has lost value due in part to a lack of GUI interface to the console to list the items, or a working as promised wallet. It has fallen in price since launch so it does not have investor confidence/interest and as such the coin will not have value. Value is a required part to attract investor interest, they are in it to make money and that cannot be done for the most part if users cannot enter items to be bought/sold without directly entering the commands into the console. Will people go through all that trouble to list items? Take a look at just how many items are in there and where the value of this coin has gone. Gone being the operative word there along with the lack of items listed for sale. Promise has been a concept that is a precursor to failure in crypto currency and a lot of failed coins put a stake in just that, promise. Dev's need to get this done, if the console is working as designed then the GUI level programming should not be a problem, but seemingly it is, based on that there is a problem with this coin and what it's dev's have promised. |
|
|
|
Did anyone read the blog update but me?? Geez guys, they update with some good stuff and whats all the doom and gloom coming from?  Quite simple, selling tomorrow is easy if tomorrow never comes, but for the loss of today and what can be seen, that is not meant to be overlooked. You've read the information, but that might not be enough for the coin to recover due to the vast quantity in circulation, and certainly makes each of them worth a bit less so profitability is going away. Market price is a killer and can be dictated by whales, this coin to them is just the same as any other. |
|
|
|
Is there shame in relaunching the coin? I really like this coin and the team but this Moolah shit has left a bad taste in everyone's mouth. This coin is still young.
Just my 2 cents
Get in or get out and hold on.... when this takes off its going to be fun! If confidence in the coin recovers... As it stands right now with consideration to the block reward and the number of coins already in circulation, trade value, the hit by moolah, lacking UI interface with console at this stage, my confidence in a return on this coin is really not that high anymore. |
|
|
|
see my previosu post i got out at 300 range so lucky haha
this is a disaster. shame SYS was really good project.
It has too big of a block reward, other than that it is a great project. Shame that AG forced the dev's into the position to dump the buy wall proceeds. If AG hadn't done all that they wouldn't need to dump it, they would have plenty of BTC to live on. Long ride back up, but me thinks they better attract new buyers to the community, and quick. |
|
|
|
devs, consider removing SYS from bittrex and other bots supporting exchanges. Price will go to the moon
It is not the bots, there is profit taking going on and confidence in the coin is a little short at the moment. Nothing time and dedication proven by the dev's will not heal. If anything the coin needs to be exposed to more exchanges, this will yield more growth. |
|
|
|
|
Show Posts
