Having a doge market is not bad at all.
Actually, no matter whether people like Doge or not, the Doge community does one thing 100% right: they use their coins instead of herding them in the hope to get rich. Where else do you get money for a good (or just funny) posting?
That's also why I like (and respect) your attempt in creating an ERC shop in this early state of ERC...a currency only has a future when people start using it in real life.
The currencies which are traded only will all slowly die after some months of jump and dump.
Yeah that's right because our main goal is to give ERC concrete usability.
We all knows (i mean who is involved with cryptos and understand its mechanism) that speculative coins such all the colour coin (in example) are just a so called "hi risk investment".
They can let you earn 10x in one day. Or more probably if you're not a big fish, just loose your money in a 20x loss.
Others coins such ERC aim to be REAL and USABLE, not fake and just speculative.
If we would have done that, we would have pumped the bittrex markets in the first week then dumped all the premined coins in one time, and all the community would had only a bunch of useless bytes in their own computers atm.
Instead of that we given the market his own natural evolution. And this evolution come to this situation: price felt down due to massive trolls and spam action in the thread and because speculative users seen that was more profitable putting thier money on others more appetible coins.
But after all is this bad?
No.
We "kicked out" the negative users who dumped, and true believers investors continued to buy at low prices.
If you note the market volume on Rex it's been always active (with some rare cases), this means that rue investors kept buying.
We're actually on +50% Uptrend and this is great. This obviously doesn't mean that dump are finished! Be warned!
But the stable price is a good symptom of health and strongness since the start.
If any of you could "read" properly a market timeline history related to the buy/sell order graphs could easily and clean understand how the TREND OF ERC IS ALWAYS BEEN AN POSITIVE UPTREND!
It's just because of FLASH DUMPS that prices felt down in this way. This is not cause of the community not trusting anymore in ERC.
It's much better go on the bottom and rise up then viceversa.
We are gaining everyday more and more interest and attention from investors, promoters, exchanges, users, blogs, others coins devs etc.
I can make a little index of all the stuff going on and to come for #ERC:
- Little and Medium Exchanges: done.
- Owned Store: done.
- Accepting ERC as method of payments for others shops: done. (need to be officialized: atm 4 shops are interested about start accepting ERC).
- Created a side parallel project , [4C], which aim to give more value to ERC (always remember to know how marketing works before talking sh*t about) and to reward ERC holders. (I dare you to find another coin that has a similar project)
- Multipool: to come next as scheudled.
- Creating usability more and more: help us!
- Promoting ERC on socials and crypto world: still doing and need to be increased more & more!
- Promoting ERC to the mainstream such bit television network and press: to be done, help us if you can.
- First investors quote's income payout: 30th May.
ATM this is enough, but many projects are running by our devs.
Thanks community, bring ERC to the next step!
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