Why is market not reacting at all to the PIVX tech advancements? Do people simply do not care or whats up with that? We are holding nice USD value but in satoshis PIVX is way way down from where he was before and there has been so many news and improvements. There is nothing else team and community could have done differently but still seems like so many literal shitcoins are getting theyr price pumped and PIVX sits here getting obliterated by BTC.
its probably because of the recent DASH pump. But once people see the premine on dash, I suspect people will look at forks like PIVX.
People just need time to digest the information)) especially in the fast moving times of crypto
I think the DASH premine is a non-issue at this stage. By which I mean, opinions are already formed: if you think it's bad, you aren't invested in DASH anyway, and if you are invested in DASH you either don't think it's an issue or you just don't care. I don't think investors are going to wake up tomorrow and suddenly go 'oh shit, DASH was premined, better dump and buy PIVX'.
That and time heals all wounds. Like, I have never been big on BTC or DASH (silly me, apparently), because,
rationally, there are valid concerns about both of them, and better designed alternatives that, in a
rational world, should supersede them. But both BTC and DASH are the first and most established of their kind, and at a certain point their history just ceases to matter. They are worth something because of what they represent, not because of what they actually are. It's not
rational; it is what it is, and those who invested in them have done very well.
But, to the original question, I think there are 3 main reasons for PIVX still chugging along at its own pace (and, to be clear, I am not complaining that it is doing so--stability is not a bad thing):
1. Big name cryptos, led by BTC itself (and yes, DASH too), have been going up throughout PIVX's zPiv roll-out period. There was also the segwit2x drama. This stole the headlines and also presented shinier, 'safer' options for investors.
2. PIVX's problems during the actual zPiv roll-out caused concern and reduced trading (e.g., exchange wallets offline for a while, etc.). This mostly didn't scare off people who already understood the project, but it reduced buy-in from new investors and reduced any pump we might have received (not that pumps are always great, but sometimes you need one to get noticed and gain support for a higher price). We missed an opportunity when more eyes might have been turned toward us.
3. PIVX has always been very good at developing its community, and the devs have always worked hard. However, we are probably at the point where further significant growth will require stepping beyond this--more professional advertising, more collaborations, more presence at blockchain development conferences, etc. PIVX simply isn't
that well known compared to the top 25 cryptos. Having missed an opportunity for free publicity during the zPiv release, we will likely have to create our own publicity going forward.
But again, I think PIVX does a good job of being PIVX. It has always been about slow and steady, rather than hype and P&D. That is refreshing, and is why many people have stuck around since the early days. (Plus, in $$ terms, the price has been rising more or less steadily since the spring. The price in BTC has been falling, but there's not much we can do about BTC mooning constantly.)
Poll
