I am now in that project with 1000 USD. But why the hell did the price went to 4151 SAT? Feeling kinda pissed, bought at 5900 SAT. Some bad news, rumors or what is the reason?
Hi, CO2! Nice to see you that you're a stakeholder in DNotes. I don't think anyone will be able to give you any sort of definitive answer as to why DNotes (along with dozens and dozens of other coins) has suffered a decline in trading value recently. I've read a great deal of analysis in recent days about the shakeup in the markets, and it seems as though no two analysts can really agree on what's driving the latest trend. Keep in mind, though, that there were nearly as many divergent opinions about why prices skyrocketed weeks ago. The truth is that it's probably a combination of factors. Some of the ideas that have been tossed about include:
Fears about what a potential Bitcoin fork might mean for that coin's price - and altcoins in general
Profit-taking from larger investors, including institutional investors who probably helped spark the massive rally weeks ago
The recent trend in ICOs, and money flowing to those "investments"
And those are just a few of the possible causes for the recent decline in prices throughout the cryptocurrency universe. It's also reasonable to assume that there's just a natural caution that settles in after that sort of speculative rally, as people begin to suspect that they might be caught in a bubble environment that's inevitably going to pop. And market psychology plays a role as well. Just as the rally attracted new investors, a bearish move can discourage people from participating.
Those are all things that are largely outside of our control. As Dyna noted, however, DNotes is undervalued - especially in terms of its long-term potential as a core part of a broader ecosystem that is designed to solve actual real-world problems and improve real people's lives. Moreover, it's a coin that's backed by something tangible - namely, the profits from a for-profit, real-world company: DNotes Global Inc. That's not something that most altcoins can even begin to match.
When I was first introduced to DNotes, the coin was worth a fraction of a cent. Since then, it's increased in value dramatically - and that's before the entire ecosystem has even been rolled out. The point is this: I think that you've made a wise decision by investing in this project, but you should expect some volatility across the crypto universe in the coming months and years since the industry is still so young. Just stay in touch and up-to-date with the progress that this coin's team is making as it moves forward with its strategy, and I think you'll find that your position as a stakeholder in this project will be well-worth the short-term emotional toll that these price swings can take on every investor.
And remember, unlike most other altcoins, the team behind DNotes is committed to providing it with an intrinsic value that will help to create the reliable floor price that any digital currency will need to achieve widespread mainstream acceptance. They've already made great gains, and it only gets better from here.