Any reason for the Synereo decline?

[spartak_t]

I thought they (the AMP team) were somehow promising for the price to rise? Haven't followed the news recently, but it appears that AMP lost more than 30% of its value in 2 weeks?

[clickerz]

I thought they (the AMP team) were somehow promising for the price to rise? Haven't followed the news recently, but it appears that AMP lost more than 30% of its value in 2 weeks?

I do not know what happen either, I still have my coin left on exchanges. Maybe more people dump because of higher bitcoin price value,they convert to fiat. I can't sell as of now as I bought it quite higher from present price. I am hoping it will recover soon.

[shanem]

It is not just Synereo alone. Look at the Poloniex market, many altcoins are dropping because people are selling them to hold bitcoin for the steady price increase.
Altcoins will get hit hard as the price of bitcoin increases day after day. Observe the market and you will find gems at cheap price in the market as this trend continues.

[Snorek]

Not the first time coins developers promised something and can't make it work. Don't belie in any price assurance promises. Never.
I remember when XPY was being released and developers promised stable $20 price; and in case price will drop, they will buy it themselves for $20.
Guess what? It never happened.

[alyssa85]

Bitcoin has risen against the dollar, and all alts tend to decline when that happens. As for Synero - they've been promising to launch for ages, and never quite get round to doing it.

[spartak_t]

I don't "buy" such promises, just asked. We can add Startcoin, which promises were for $1 price.

[Daffadile]

Bitcoin has risen against the dollar, and all alts tend to decline when that happens. As for Synero - they've been promising to launch for ages, and never quite get round to doing it.

I have started to think for quite some time that maybe they won't launch at all

It is not just Synereo alone. Look at the Poloniex market, many altcoins are dropping because people are selling them to hold bitcoin for the steady price increase.
Altcoins will get hit hard as the price of bitcoin increases day after day. Observe the market and you will find gems at cheap price in the market as this trend continues.

I think instead of selling if we hold on and buy up what they sell the price will rise again and we make a good profit, it will be slow but right now is probably the best time to get involved with some good altcoins.

[raphma]

well, i see two main reason for this decline:

1. btc pump is killing every altcoin..
2. their roadmap is for long, long, very long time... amp doesnt have nothing really good for this year, so that might be discouraging investors.

Updates bring investors, amp technology might be good but still very "young" in development.

[Piston Honda]

not even worried one bit for this coin dropping in value (for now).  waiting for future moon as you can see whales are just playing their games for now post crowdsale.  whatever the fuck they wanna do just do it but bring moon!

[Spoetnik]

BTC hit $666 on BTCe i bet that's why..

just another Satanic Omen !

[iamnotback]

In addition to the good points already made, include the fact that Steem has demonstrated the crypto developers don't have a fucking clue about social networking and this risk is that Synereo's developers are just as clueless.

I had already explained numerous times why Synereo's model is not going to work. No need to repeat myself.

[Zadicar]

This   thing  is  not  surprising though  hence almost  alts   move the same  way, they may rise  or fall and  there are some   situation that really affects  their price.  Synerios decline  might being affected  on bitcoins  price  hike as  of  now same as  other members said   here.

[DecentralizeEconomics]

Any reason for the Synereo decline?

Morons

I thought they (the AMP team) were somehow promising for the price to rise?

No, there were never any promises made by any of the Synereo team.  The crowdsale ran for four weeks.  The first two weeks the price was 33k sat.  The third week it was 36.5k sat.  The fourth week it was 40k sat.  There were bonus depending on how much you purchased.  There are never any promises in the free markets.

[bbc.reporter]

I thought they (the AMP team) were somehow promising for the price to rise? Haven't followed the news recently, but it appears that AMP lost more than 30% of its value in 2 weeks?

It is maybe because their technology is not released yet and it will only be on Q4 of 2017. I am not sure if that is correct but that is what I have seen from the posts at their announcement thread. Also I do not get why most of the people relate the price of a coin to how successful the project is or will be. We saw that Ethereum went from $1 to $20 in a short time and it is now at around $11. That is high for altcoin standards but are they really successful? Success of a project or platform cannot be judged from what the market decides the price of a coin will be. We have not seen the Synereo technology stack in action yet.

[jacaf01]

One thing we should note is that the price of the tokens on exchanges is lower than the price of the ICO, I don't thing the market believe the token worth that value presently, what they base their valuation on is on the pumped price of the token before the ICO price was set. Off course the BTC price argument is there but against dollar also the price has also dropped.

[spartak_t]

Forget the Bitcoin reason, that's obvious, and I already tweeted my opinion (https://twitter.com/bulgar1an/status/790962097186336769).

No, there were never any promises made by any of the Synereo team.  The crowdsale ran for four weeks.  The first two weeks the price was 33k sat.  The third week it was 36.5k sat.  The fourth week it was 40k sat.  There were bonus depending on how much you purchased.  There are never any promises in the free markets.

This is probably from where my confusion comes from. I read somewhere about these prices and I thought they were promising a "pump" (market speculation) or something. Nevertheless, I smell bs here.

EDIT: @Spoetnik - The DAO attack was on June 17.

[Spoetnik]

I thought they (the AMP team) were somehow promising for the price to rise? Haven't followed the news recently, but it appears that AMP lost more than 30% of its value in 2 weeks?

It is maybe because their technology is not released yet and it will only be on Q4 of 2017. I am not sure if that is correct but that is what I have seen from the posts at their announcement thread. Also I do not get why most of the people relate the price of a coin to how successful the project is or will be. We saw that Ethereum went from $1 to $20 in a short time and it is now at around $11. That is high for altcoin standards but are they really successful? Success of a project or platform cannot be judged from what the market decides the price of a coin will be. We have not seen the Synereo technology stack in action yet.

ETHEREUM WAS MANIPULATED AND..

it was ICO'd in 2014 and sat dormant at $8 for a year or some shit.. look on CoinMarketCap
Note they have no data stretching back to 2014 though..

ICO = SCAM.

[spartak_t]

... and when I smell bs....



P.S. Sorry for the huge screenshot.

[alyssa85]

Steem's price is definitely in freefall. And that is because apart from launching in July (when they started paying), there hasn't been any news, and most cryptocurrency movements are based on news. No news = speculators dumping your coin and moving to the next shiny new object.

[Greenenergy]

Any actual price isn't revelant, since so many people are selling what they have to buy bitcoins due to the rally. The same thing happened to the Monero markets when the pump happened. The only exception is Waves it seems.