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1  Bitcoin / Development & Technical Discussion / Can each new coin have random properties? on: May 24, 2018, 12:10:04 PM
Hello,

I'm familiarizing myself with blockchain and cryptocurrencies.
I was wondering if from a technical perspective it would be possible that when a new coin gets mined, it would be possible that it receives random properties that are saved within the coin?

I've had the idea to use blockchain and/or cryptocurrencies to create some kind of virtual card game, like magic the gathering or Blizzards Heart Stone. Each coin/token would represent a card, and within each coin/token, additional information would be saved that will be generated when the coin is mined and can not be modified, which would represent the cards attributes.

From a technical perspective, is that even possible to store fixed random properties within a coin/token?
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [OFFICIAL] [SAFEX] Safe Exchange Coin [website www.safex.io] on: December 16, 2017, 11:34:26 AM

  • Website is not down,
    Even Microsoft is struggling with theirs bugs
    Dividend - yes this is what a coin project should be about
    Bittrex - yes, and we know why
    Cryptopia - we don't know
    How hard it is to be listed elsewhere . not hard at all

For a coin of 50 mln market cap which is obviously a garage project like any other project of this size , I do see only issues which are fit with theirs profiles but no Red flag. sorry

You're right, the website is back online.
Of course every software has bugs, but it's been a big controversy for quite some time and went to far as being the lead cause for a poor interest by the media and a drop in the market cap. Shouldn't that have priority if it's that severe?
Paying dividends is still a controversial (though I agree with you), and most exchange markets agree, that they don't want to list coins that pay dividends (stupid!?).
Getting listed on markets is actually one of the hardest achievements for any coin, as most markets only focus on the big coins and dont want to invest time and money into adding small coins. Cryptopia is pretty much the only one out there that accepts every garage coin (except now they delisted SAFEX as well).

I'd love to see SAFEX go big, but with the amount of problems they have from poor media coverage, year old bugs, being delisted from exchanges, now they're off the exchange grids completely as non a single market is accepting SAFEX. If that is not a red flag for you, then I am scared to ask what would need to happen to a coin, for you to hesitate to invest further.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [OFFICIAL] [SAFEX] Safe Exchange Coin [website www.safex.io] on: December 16, 2017, 05:54:56 AM
Is it safe to say that SAFEX is permanently gone?

  • SAFEX struggling to fix bugs in their code for a year which supposedly should take a week to fix
  • SAFEX decided to pay out dividends which is highly controversial
  • SAFEX has been delisted from Bittrex
  • SAFEX has been delisted from Cryptopia
  • SAFEX is now delisted from ALL exchange markets and will not be relisted for as long as they pay out dividends
  • For as long as SAFEX cannot be traded on exchange markets, it's practically worthless
  • SAFEX website is now offline for 2 days and will not come online for another few days
  • SAFEX twitter account says they will take the weekend off and figure out a solution on Monday


Seriously, I don't think there could be any more red flags. Their main website offline for up to 6 days? That alone is a death sentence.
Even if they manage to get the website online, then what? Every single exchange has delisted SAFEX because they will pay out dividends.

Sure, the big almighty John McAfee predicts a bright future for SAFEX, but heck, even he doesn't control the exchange markets, and if not a single one wants SAFEX to be listed, then, bye bye SAFEX, as it's useless.
4  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: December 13, 2017, 02:51:02 AM
A 500% -1000% increase (based on current USD price of ~$0.50) by end of 2018 is realistic, that is if POWR manages to gain publicity as well as stick with their roadmap to deliver their products and application.

The problem at the moment is that most of us trade POWR in return for Bitcoin, and bitcoin just went up by 200% in the past 30 days. For as long as you trade POWR for BTC and BTC is going up by 25% per week, trader like us will have a hard time to justify investment into POWR.

  • I invested 0.2 BTC into POWR ($1815 worth of the bitcoin at the time) in return for 2200 POWR. Now that POWR is worth 0.07 BTC ($1290). A loss of 30%.
  • If I would have invested using US dollars for the same amount of $1815 instead, I would now have $1672, a loss of 8%.
  • If I would not have invested into POWR, I would now have $3886.93. So I basically lost almost 70%, just because Bitcoin went up so crazy.

That's the downside when trading paired with bitcoin. Even though bitcoin is extremely volatile, going up and down 20% - 30% per day, at the end of the week, Bitcoin has been 20% - 30% higher than the previous week, and it has been doing so for the past 10 weeks.
5  Alternate cryptocurrencies / Marketplace (Altcoins) / Why are there not more exchanges pairing altcoins with USD (USDT/Tether)? on: December 13, 2017, 02:04:52 AM
Hello,

I see that almost all exchange markets use Bitcoin as their base currency to be paired with altcoins. However with the recent increase in bitcoins, many smaller altcoins keep falling in value even though their USD value is the same, mainly because of the rise of bitcoin. This is a bit frustrating to trade with.

From about 20 exchange markets that I looked at, only 2 stood out.
Bittrex has over 200 altcoins which can be exchanged for bitcoin, but only 12 coins (the big ones), can be exchanged for USDT.
HitBTC does pair their altcoins with USDT, unfortunately they only support  round 60 altcoins.

Is there no demand for altcoins/USDT or how come that almost no other exchange market support to trade in return for USDT? The entire idea of USDT was to create a stable cryptocurrency that is equal to the US dollar.

In the end of the day, I have to pay my food and rent in my local currency.
6  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: December 08, 2017, 02:11:22 AM
At this stage, it's safe to say, POWR paired with BTC has died and will not recover, ever. Everyone is cashing out now.
By recover I mean, that if you have traded BTC for POWR like almost everyone and invested at around the peak of 8000 - 11,000 satoshi, you will need to consider that as a permanent loss.

The problem is not just the low media attention and interest that POWR gets, but the fact that POWR was mainly traded for BTC rather than USD, and with BTC now being at $18,000 and expected to go as high as $100,000, the value of POWR paired with BTC will decrease even more.

If BTC will hit $40k by the end of the year, POWR will be as low as 500 satoshi.
7  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: December 08, 2017, 12:28:17 AM


EMC2 pumping new asic/raspberry pi p2p energy transfer system :-D weeee


https://poloniex.com/exchange#btc_emc2

Don't kid yourself. EMC2 is showing the exact same pattern as POWR. It had 2 big spikes and then crashed. Now EMC2 is down by 50%.
The pump you just mentioned, already crashed down 38% as well.

Oh and we all know why EMC2 is currently spiking, because they are undergoing a hard fork. That's the only reason it has been going up over the past 2 weeks, so don't kid yourself thinking EMC2 is the worlds solution to everything. It's only hyped because of the hard fork, just like POWR was hyped because of the Australian governments investment.
8  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: December 08, 2017, 12:04:28 AM
BTC will drop.  Its guaranteed.  Best time to buy is when there is blood in the streets.  I always use these opportunities to buy more alts at dirt cheap prices.  They almost always recover once BTC settles down.

It will drop yes, but the question is, how high will it rise before it drops? During November 1000s of financial institution across the world have opened up to accept Bitcoin, either as payment or as investment. Bitcoin is now even a topic on hollywood movies and series. More banks are buying bitcoins for their own portfolio, more regular people are now interested in investing into bitcoin than ever before.
With such a crazy high demand, it's likely that bitcoin will go up to $100,000 during 2018.

The silly thing we all did, was to invest into POWR during the boom, and we are now sitting on POWR while Bitcoin is literally changing the world like no other thing in human history has done so far.

It's simple with Bitcoin, for as long as people are crazy about Bitcoin and the media attention is there, it will rise and POWR will fall.

For all of us who invested into POWR at the ~0.00010000 BTC mark, we were unlucky, because even if POWR gets back on it's feet, it won't hit that price any time soon, if ever at all, for as long as BTC is on the rise.

In the last 2 weeks:
BTC: +110%
POWR -80%

9  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: December 07, 2017, 10:18:12 PM
Powr token is already started to recover against Bitcoin even in fiat the decline is not big to be scared. Once everywhere will be green in market working projects in real life will be big gainer and winner. Powerledger team is working on expansion that will back the token always.

Not sure what stats you are reading, but POWR is now officially lower than what it was before they were added to exchange markets like Bittrex, Binance and Cryptopia.
POWR completely crashed. On Bittrex POWR just hit an all time low. Down by almost 80% in just 2 weeks. This is single handedly the worst crash of a serious cryptocurrency in 2017 (serious = currencies with market caps above $100 million).  

Even though I was one of the most conservative people here in the forum, predicting it will go lower and lower, I have to admit, going as low as it currently is, I would not have assumed so fast.

Even worse, POWR was traded by most people in exchange for Bitcoin, rather than USD. During 19-23rd November when POWR boomed, Bitoin was at $8000. Now it's at $16,000. It's safe to say, that for as long as Bitcoin is that high, POWR will keep falling. Because of the high Bitcoin, POWR now needs to double it's value of the original all time high, just so we get even again.

I myself invested into POWR as well. I kept trading for 4 days during the boom, made 35% per day until it fell. My last investment was 0.25 BTC into POWR at 0.00010100 BTC per POWR unit. Now it's at at 0.00003100 BTC

Now POWR faces an additional challenge. Before it was just that they needed to create their product, and they needed to gain media attention, but now to recover, BTC has to drop.
We have some rough times ahead of us.
10  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: December 06, 2017, 11:19:17 AM
Now it hit an all time post-pump low of 4600 satoshi.

I love how so many people here during the first pump on nov. 20th predicted that by 23rd. nov it will be $10, then they predicted $5 by end of november, then it crashed and when it had a 15% jump one morning everyone went "Now the world is waking up to POWR", and went on to predict $2 by the end of last weekend.

Meanwhile my personal prediction since the first pump was that instead it will keep falling to 5000 satoshis and I was called a troll, a moron and an idiot for saying such "unrealistic" things.  Cheesy

It's simple, POWR has no reference value unless the company Power Ledger will create an actual application, which they are planning to release end of 2018 or early 2019. Until then, the entire value of POWR is simply based on hopes and dreams, just like 99% of all the useless alt coins.

The only way POWR will go up, is if a bigger investor decides to load up, or if Power Ledger makes a news announcement. Until then it will stay around 3000 -7000 satoshi.
11  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: December 04, 2017, 09:17:08 PM
POWR just hit an all time trading volume low on Bittrex.

As predicted almost 2 weeks ago, the hype surrounding POWR will keep fading until Power Ledger will make some major announcements. POWR, unlike Bitcoin, Eherium and Dash, doesn't rely on simple supply and demand by the public, but acts more like Ripple XRP, in the sense that most people see it's value based on the success of the company behind it.

Give it 3-9 months until it hits the $2 - $5 mark. Until then, it's a good investment to buy low.
12  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: December 04, 2017, 12:29:17 AM
So, where did all the people go that said POWR will be be at $1 or $2 during this weekend, and when I said that's unrealistic they called me a troll?

Weekend is only half-way through idiot. You spoke too soon, just like on other rants you bloviate on. 

Ah yes, I am the idiot, right? Weekend is officially over, and as I predicted, POWR will keep falling and... indeed the weekend was the lowest it's been in 4 days.

So let me see... you called me an idiot and a troll, and you predicted an "easy" $2 for the weekend, yeah?

Reality hit you harder than your dad it seems. Stop with this unrealistic nonsense. Grow up and learn how the market works. I like POWR, I have invested in it as well, but people like you with these constant unrealistic predictions and calling others idiots, are just sad and pathetic.

Keep saying every day it will hit $2, until one day in 6 months it's true and they you go "HA! I TOLD YA".... that's just pathetic.
13  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: December 03, 2017, 01:33:49 AM
So, where did all the people go that said POWR will be be at $1 or $2 during this weekend, and when I said that's unrealistic they called me a troll?
14  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: November 30, 2017, 02:39:48 PM
No dumb-ass, it ain't the 'usual pump' . .

No other alt is more alive than POWR after the btc poo -
People are waking up to how powerful POWER LEDGER is.
$2.00 is possible during the weekend.

This is not some lame-ass blockchain project of another fucking privacy coin -
This is POWER LEDGER.

Ah, another person who is hallucinating. $1 tomorrow, $2 by weekend.

I am the only one who predicted that POWR will go up to $1 and then down to $0.3 - $0.5. And that's what happened. Now it had a 30% spike for 2 hours going up to $0.75, and everyone dreams of it going up to $2, while I was  sure it will collapse again down to $0.5. Oh now 3 hours later, it just it the $0.59 mark again

While Power Ledger is a real company and their vision for the future is great, there is no product behind it yet. I have already posted that before. Power Ledger created the ICO to receive funding so that in late 2017 they can get started with their "vision". They have zero products as of now and are hoping that by late 2018 / early 2019 they have their first application up.
Now the company is going into hiding for 12 months to develop their product. The hype is gone until there is another big news announcement.

So no, people are not waking up to see how powerful Power Ledger is, because until 2019, it's all just ideas, visions and speculations.

Ripple XRP was created back in 2012, and in 2014 they focused on banking and it was a massive hype on how it will change how banks transfer money within just 6 seconds (now 3.6s) rather than using SWIFT/BIC which takes 3-5 working days. They received millions in funding and now have some of the biggest banks using ripple, however the price is still at $0.25 after 5 years. Why? Because it takes time! Everything takes time. Ripple has a realistic chance to go up to $2 by late 2018.
POWR has a realistic goal to go up to $2 by early 2018 and $10 or $20 by late 2018. If they mange to have a major breakthrough POWR might even go higher. However if they don't manage to create their product, then POWR will be worthless.

We might see another few spikes here and there, it might even scratch the $1.00 for a few minutes every now and then, but it will takes months and months until it hits a stable $2.

Just because there is a real company behind it with a great idea, doesn't mean the value goes from $0.01 to $20 within days.
Elon Musk with Tesla has one of the greatest visions in modern history, yet when Tesla went public their stock didn't go up for over 2 years. Only once they release their proper first car, the stock went up. Same will happen with POWR. It's a great long term investment.

15  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: November 29, 2017, 04:26:57 PM
I told people that POWR will not raise again in the next few days, but will rather collapse down to 0.00005000 BTC, yet I was called a troll. And now? Oh wait... now it's down to exactly this price.

How did I know? Because it's the exact same F'n pattern we see for 4 years with over 1000 cryptocurrencies.

  • New currency comes out
  • Stays flat for weeks or months until the first increase, which is usually caused by a news announcement.
  • Price then goes up by 100% - 1000% within 72 hours, across multiple major spikes.
  • If after a major spike no other spike has happened within 72 hours, it will steadily decline down to 70% - 80% from its initial price before the first spike. It will then take 3,6,9 or even 12 months until another spike happens that outperforms the previous all time high.

This exact same pattern happens with every single coin.

People here in the forum are upset that it kept going down and they kept telling themselves excuses like, Power Ledger will change the world, Power Ledger is unstoppable, Power Ledger is the future of energy, and for those reasons it will go up again in just a few days.
Yes of course Power Ledger is great, if it works that is! Except they don't have a product yet.

If you're a day trader or new to trading, then stop telling yourself POWR will go up in the next few days, no matter how amazing the idea of power ledger is, it will not go up that quickly. No currency in the history of cryptocurrency has had major spikes of 100% + on weekly basis. It takes months and months.

If you invested at a higher price and now you are blocked from re-investing, then sell it. You might make a loss of 50% now, but if you invest wisely, you can make it back in a few days or weeks trading other currencies.
If you invested at a higher price and you are okay waiting 6 months or longer, then keep it. The chances are good that POWR will recover one day.

If you want to invest into POWR, then now is the time to buy. The only risk assessment you should take into consideration before investing into POWR, is that the company Power Ledger is a start up company, that is planning on changing the world with buying and selling electricity across the globe. The only problem? They don't have an actual product yet to accomplish this. It's just a vision. They are only now starting to develop their prototypes. If all goes well, they will have the first applications up and running in 12 - 24 months. All this is written on their website.

Their vision is as great as Elon Musk with Tesla, but even with Tesla they had major setbacks and years of delays. Nothing ever works according to plan. It took Teslas stick 2 years to get the first major spike in their stock value. One day, if Power Ledger succeeds, POWR might be worth $10, $100 or $1000 per unit. If you don't mind the risk and are up for long term investments, then go buy now while it's at $0.50.

Another great long term investment is Ripple XRP.
By the way, same BS happened with XRP in May when it went up to $0.40 from $0.006. Same pattern, 2 massive spikes, then nothing for 72 hours and it went back down. People who invested at $0.40 kept saying that it will go above $0.40 within just a few days and it will go to $1.00 by June. Now it's almost December and it's at $0.26.

The amount of people on this forum who are coming up with pure fiction and unrealistic goals, and are calling me a troll at the same time, is unreal.

Of course there is a tiny chance that POWR will go up to $1 again within a few days, but that chance is so small and is not based on any real data to support it, it's just hopes and dreams. Looking at all the data, it's much more likely that nothing will happen for another few months with POWR. So why give people unrealistic expectations on their investments? Is it not better to stay realistic so people who invested can make a more accurate decision?

I am giving people here real information, which is neither here to push down the price nor to raise it, it's just cold hard neutral information, based on facts and historical data. It seems however that any information that I post which does not support the idea that POWR will go up another 1000% within the next 7 days, is considered trolling.
16  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: November 29, 2017, 12:40:03 PM
Big changes are comming, as the chinese are trying to get control of the bitcurrency's

Get your BTC now, or regret it when it skyrockets even more Cheesy

The Bitcoin brothers will eternally be playing their little scam back and forth . .

Meanwhile, Power Ledger is doing something functional to make the world a better place.

But they are not! Not yet anyway. When will people realize that Power Ledger doesn't have a product yet. Go to their website and read for yourself. Power Ledger created the ICO to receive funding so that in late 2017 they can start working on their "vision". As of now, all they have is an idea an investment and a single developer.

People need to realize that POWR will not have another all time high until late 2018 when Power Ledger will release their product. People here in the forum keep acting like Power Ledger has a finished product. They don't! Just a vision, nothing more! So stop expecting POWR to go up, it won't happen.

Right now is a good time to buy. It most likely will fall another 20%, and then it will stabilize at round 0.00003000 - 0.00005000 BTC for 6-12 months.

If you have invested, keep it, if you consider buying, buy now and then wait.
17  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: November 28, 2017, 11:57:45 PM
I find it funny on how I am keep being called a troll, yet everything I wrote is 100% accurate. Just because I point out REALITY doesn't make me a troll. I am not trying to push the price down by giving real information. Heck, I invested $2k at $1 and now it's down to $0.60, and I don't have more to invest. That's all the capital I have.
All I am saying is that if you are waiting for POWR to go back up to the all time high or even 5 times higher than the all time high within the next week, then you are a dreamer, because that will not happen until late 2018.

Reality is that:
Power Ledger is a company with a vision and no product.
Power Ledger had their ICO prior to actually developing a product so that they can use is as a kickstarter to fund the development of Power Ledger.
Power Ledger is only now starting to develop their actual application and they are expecting a release late 2018, early 2019.

The entire value of POWR is pure speculation until late 2018 when they will release their application.
Just because I point these things out, doesn't mean I don't want it to go down. I wish it would go up to $10 in the next 5 minutes, so I can cash out my $2k investment, but I know it won't happen.

When I read peoples comments here on how POWR will explode next week, going up another 500%... no. No that will not happen. It will keep going down, because now the company Power Ledger, is cashing out their $25 million tokens, so that they can move forward with their development phase for the next 12 months.

If you want to call me a troll, sure, go ahead, if you want to dream away that in the next week POWR will explode again and go up to $5, sure, believe in that nonsense. But at the end of the day, I am the realist here, I did my research, and everyone else who is calling me a troll, is a hypocrite.

I'll be back in the forum quoting myself in exactly 7 days, and then I will be pointing out the "dreamers" who called me a troll and were 100% convinced that POWR will be back up at $1 or even $5.
My best guess is, that in 7 days, POWR will be between $0.3 to $0.5.

The chances are good that Power Ledger will succeed, and the chances that POWR will go up 500% or even 1000% by late 2018, are also realistic. POWR is a great long term investment, so you should buy now. But for god sake, stop playing with the idea that POWR will go up 500% in the next 7 days. It's always the same with people. I've seen this a dozen times. Each time a currency explodes, people keep thinking there will be one massive increase after the other on a weekly basis. Yet we have over 1000 cryptocurrencies and from all that historical data, we can clearly see that ever single cryptocurrency has between 1 to 3 "outbreaks" per year.
18  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: November 28, 2017, 07:44:24 PM
Yes absolutely, I also recommend to hold, but keep in mind it will go lower and lower for another few months.
People here who are still hoping it will jump back to $1 within the next days or weeks are dreamers. Try summer 2018 at the earliest.

I also find it funny how people said that it will never sink below $1 again. Then it went to $0.90 and people said not to worry it will not go lower. Then $0.80, then $0.70 and now it's at $0.60 and people keep dreaming it will go up to $1.00 within a few days.

No! No that won't happen. But don't freak out, and hold your investment. If Power Ledger does indeed manage to deliver on their product, in 6-12 months it will explode again by 500% - 1000%. Until then, it will probably fall back to $0.30.
The absolute worst thing that can happen, is that Power Ledger will fail to deliver and go bankrupt, or a competitor will beat them to the market, that will make POWR be rendered worthless. But that chances of that happening, is smaller than their potential success.

If you invested everything you had and you can't wait 12 months, well then cut your losses now, if you can hold it for 12 months, then don't sell. Easy as that.
19  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: November 28, 2017, 05:52:25 PM
I am honestly not trying to scare or troll anyone, I am a realist. The idea of Power Ledger is great. I am all for it, I have invested myself.
Reality is however that anyone investing into POWR is essentially funding a vision of a company that has not even a working product yet. They have no product, no partners, just $34 million in funding, a single developer and a vision of the future.
The only reason POWR went up like crazy 8 days ago, was because Australians government gave them an $8 million grant.

You can read it on their website and see why they released the POWR token before they even begin with the development of their product, because they need funding, and an ICO is perfect for that.

The cold hard truth is, that right now as of this moment, Power Ledger is just an idea with an ICO that kick started their funding with over $25 million in tokens, which they are now cashing out for BTC or other legal currencies, as they need cold hard cash to start developing their product. Them cashing out as well as the hype being over, is the reason why the value is going down and will do so for up to a year.

The only way POWR will go up, is if other investors are investing into Power Ledger, however the company clearly said, they are not planning on new partnerships until Q3 2018.

So please, don't hype, don't troll, stay realistic. Of course we all want POWR to go up, who doesn't! But realistically speaking, it will go down to what it was before the November 20th announcement and during 2018 it will recover.

It follows the exact same pattern as Ripple XRP, which is now 5 years old and only once a year they had a pump due to announcements of investors. POWR is now a few months old, and last week was it's first pump due to an investmet announcement. It will be anywhere from 6-12 months until we see the next pump.

The biggest risk as the moment is, that the company will fail to deliver their product. Another big risk is, that several competitors will pop up which do is better. If either of those happen, POWR will go under.

On the up side, if everything goes well and it gets the attention of the mass, then you might be sitting on a gold mine right now, but we won't know until late 2018 or even  2019.

 Just because was going up and down by +10% / -10% for a week, doesn't mean it's permanently this case. POWR is a risky long term investment, that might have a 10,000% return in 1-2 years. Stop looking at POWR as a great day trading solution - it's not! That hype is over.
20  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER *** on: November 28, 2017, 03:07:32 PM
Power Ledger is still in it's early stages. At the moment the POWR token is used as a kickerstarter for the Power Ledger company as a means to receive funds.
There is nothing wrong with that, nor are they trying to hide it, it even says to on their website.

This entire craze about POWR only started because the Australian government gave Power Ledger an $8 million grant. Once that hit the news, people invested like crazy. It went up 400%.
Now that the initial wave of POWR is over and Bitcoin itself saw an almost 50% increase in just 3 weeks, the Power Ledger company itself is caching out, as they need the cash to actually develop their product, which was their plan all along (again, nothing wrong with that and they mentioned that on their website).

For that reason POWR kept falling for the past week and will continue to fall for for another year.

The next increase in the value of POWR will not be for another 9-12 months. The power ledger company now has their cash injection that they were looking for, so now they can get to work. If they succeed with their plans, then in Q3 2018, they will start to advertise their service and roll out their products to their partners. If that happens, then we can see an increase in POWR again. If the company fails, then POWR will go bye bye for good. Until Q3 2018, POWR will continue declining, almost certainly back to it's initial flatline of 0.00003000 BTC

If you have invested at 0.00010000 BTC, then you're unlucky. If you need the cash during the next 12 months, then cash out now, cut your losses and try to regain it with other coins. If you don't mind holding on for a year, then just leave it there. If you think the Power Ledger company will fail or a competitor will beat them to their goal, then cash out now.

There is also rumors that Elon Musk is interested in Power Ledger, as it goes hand in hand with his vision for the future. There are 3 possibilities here.
1. Elon Musk invests into Power Ledger. Then the price will go up.
2. Elon Musk decides to become a competitor, then bye bye for good with POWR
3. Elon Musk does nothing with Power Ledger, neither invest nor compete.

As of right now, Power Ledger is just an idea, there is no product yet. It's just a company in Australia that has a vision. Over the next 12 months we will see if they will manage to make their vision come true.

Is this a high risk investment? Absolutely! Anyone investing into POWR is essentially funding a vision of a company that has not even created a prototype yet. They have no product, no partners, just $34 million in funding.
So much can go wrong. But let's hope they will manage, so that in 1-2 years our investments will pay off.
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