It is better not to rush and wait for a final perfect working product. All beta should be private until active members of community approves that product is working and there are no serious bugs to fix. You're pushing to release semi-working product because you want quick profits. It can help to push the price up but if the project will have serious issues, people will dump all coins for cents. If you don't believe, just check LBRY charts. It went down almost all the time until altcoin bubble started. We should follow the way of MAID. They are testing all the features internally without hype and agressive marketing. Product must prove itself but not marketing should prove the product.
vERY GOOD post. This is exactly what the developers are saying as well. They are focused on developing the APP which is understandable, but i as an investor in LBC want the price to go up haha
I am in closed beta and i also agree that the bugs HAVE to be fixed before the release, so i don't want the app to be released as soon as possible, but rather when it's ready.
I disagree with you on the chart though. The price was PUMPED at beginning when supply was low, as well as the mining rewards were the highest like 2 months after the release and NOT at the beginning... And then there were no serious updates or good news as they were doing the work, so it was only logical for the price to decrease. Now at the same time as the bubble started to form, closed beta has started, there is a minimum viable product ready and ofcourse THERE is interest in the project, thus causing the price to increase. If you compare it to other altcoins, there was no serious PUMP but constant growth as the interest increases and i believe it will continue to do so.
It's only logical price increases when the product is ready and the concept is proven to be working, but once all the FACTS are known, it will be too late to make serious money. So we are speculating there and hoping for high returns.
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