[ANN] Syscoin - Business on the Blockchain

I have been thinking long and hard at the power the whales have to ruin coins. With being invested in both syscoin and cloakcoin, i'm worried the whales will have the same influence to manipulate and pump and dump this coin, no matter how good.

Cloakcoin as of now is really one of the best, (syscoin not released yet) but it feel to extreme FUD on threads and massive manipulation by pumpers and dumpers.

Lets face everyone, this market the whales won't allow other coins to succeed as they are only out for the bitcoin, and killing all coins in their path, even the good coins. I think we that invested in this IPO and developement team must look hard at what happened to cloakcoin and consider this is NOT a free and fair market, and some otherwise not free market tatics might be worth considering in the light of this.

Development and hard work is just a better sign for whales to pump a coin harder and dumper it even harder.

I believe this was brought up before, but I as an investor would rather see the IPO bitcoin be used first and foremost to sustain the IPO prices. I know this is not free market, but we are not working in a free market, it's manipulated already and massively could kill all the hard work. I'd love to see such a massive buy wall at IPO entry prices nobody would consider dumping, or if they did they would get there BTC back at value.

Hiring new people on the team is awesome, and should be done, but sustaining the prices, and therefore interest in this coin is more important than any of this.

In reality look at it this way. If a 100 BTC buy wall spread out on exchanges would hold prices to IPO price, then even if people dump to get out, they would get their BTC back, and the team would get the Syscoins for further payment in the future for things. If coin can least remain at IPO value for six months the likelyhood of a massive dump are more unlikely.

I hope the development team truly considers this, as would hate to see all hard work die. If publicly stated certain amount of BTC is held to sustain IPO prices, it would reassure investors to hold, and also bring more people in as they would see a floor where they are less likely to lose any more at this point.

I know this is a lot to think about, but please look closely at cloakcoin what happened, and how it is most innnovative coin to date with working trustless anon, but is dumped to almost starting levels. Please consider your investors in the early days and consider doing this to keep your coin in the top 10, and lets break free of whale manipulation where we can finally get to a price whales will barely manipulate anymore as it's not profitable.

	Author	Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! (Read 490226 times)
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