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I post this on another thread, Ill post it here too because it also applies to XST imo
As investor in this coin, I have say this, and it might not sit well with a few people but oh well. With an ever increasing competitive altcoin scene, its imperative that development stays fast and updates remain frequent.
Why: because when the devs stay silent, even if they are legit, the price and volume tank. And the more they tank, the harder it is to rebound, regardless of future releases. So protecting the price and volume through constant updates is extremely necessary especially in the beginning phases. So I would urge the devs to give updates more frequently, and be more specific and less vague. And anybody who wants to argue that Microsoft took 10 years to develop windows, should re-evaluate that argument. Cryptos (for now at least) work much differently, and even a week of inactivity would spell disaster.
People always want to dump their holdings and go catch the flavor of the week. In order to stay ahead of the curve, frequent updates, and more importantly a speedy development while keeping the community and investors informed during the process is important. This will keep the volume and price stable, which is important. I cant stress that enough. Yea some hype could be considered unethical, but in the current altcoin scene, its necessary to keep the exposure. Some developers go their way with developing the features, and stay quiet, killing the price and volume. And when they do finally release it, the coin barely sees any movement, because they never established themselves as a major coin to begin with. Only established altcoin devs can stay quiet for a reasonable long period of time without suffering the consequences. Examples of these established alts would be DRK, XC, VRC, CLOAK. All other alts are fucked if the devs are not constantly active and steadfast.
Oh, and an example of an alt that is doing it right at the moment is VOOT, because their volume has stayed in the top 10 on bittrex for weeks now. The dev gives constant updates, stays active and is releasing features frequently. As a result, the community is growing and whales are getting involved. Love em or hate em, whales are essential to get any coin to that next level.
As investor in this coin, I have say this, and it might not sit well with a few people but oh well. With an ever increasing competitive altcoin scene, its imperative that development stays fast and updates remain frequent.
Why: because when the devs stay silent, even if they are legit, the price and volume tank. And the more they tank, the harder it is to rebound, regardless of future releases. So protecting the price and volume through constant updates is extremely necessary especially in the beginning phases. So I would urge the devs to give updates more frequently, and be more specific and less vague. And anybody who wants to argue that Microsoft took 10 years to develop windows, should re-evaluate that argument. Cryptos (for now at least) work much differently, and even a week of inactivity would spell disaster.
People always want to dump their holdings and go catch the flavor of the week. In order to stay ahead of the curve, frequent updates, and more importantly a speedy development while keeping the community and investors informed during the process is important. This will keep the volume and price stable, which is important. I cant stress that enough. Yea some hype could be considered unethical, but in the current altcoin scene, its necessary to keep the exposure. Some developers go their way with developing the features, and stay quiet, killing the price and volume. And when they do finally release it, the coin barely sees any movement, because they never established themselves as a major coin to begin with. Only established altcoin devs can stay quiet for a reasonable long period of time without suffering the consequences. Examples of these established alts would be DRK, XC, VRC, CLOAK. All other alts are fucked if the devs are not constantly active and steadfast.
Oh, and an example of an alt that is doing it right at the moment is VOOT, because their volume has stayed in the top 10 on bittrex for weeks now. The dev gives constant updates, stays active and is releasing features frequently. As a result, the community is growing and whales are getting involved. Love em or hate em, whales are essential to get any coin to that next level.
+1
