volume picking up again
Yes, it should considering most people don't know about KTK and how many outstanding projects KTK has alongside a committed DEV. People have no idea sometimes, but that is OK. They will eventually discover what they have been looking for and we'll be here waiting.
I was going to post about the volume/trading last week, but decided not to. But will post now and also reply to uki as it's all related...
It was nice to see some movement on the price, but would be even nicer if those holding KTK on the exchange removed the sell orders. And also didn't sell into the buy wall as soon as there are new orders being placed.
I understand if some are selling and not intending to try and re-buy at a lower price, which I know some do. There is one issue that results from this, which has an effect...
We can all agree the market is small. The problem I have is trying to get anyone else to come on board and help with KryptKoin, even when offering the 800K+ KTK in the bounty pot. Because at the current price they are worth very little (less then 2 btc).
There is a fair amount of KTK on Bittrex, but the actual sell orders listed were low with only 4 btc to 4000 sat (total of 750k last week, has since increased). If everyone would look at the bigger picture and remove all their sell orders and not sell themselves short. It would give a far better return then what they get now. Plus the 800k in the bounty pot would be worth a whole lot more and easier for me to get help and in return bring further value!
When there are signs of volume, people are quick to list below the lowest sell order. Buying at 100-150 sat and selling as soon as there is an increase 200-300 sat. Rinse repeat, but it's relatively small amounts of KTK. No one is getting rich on that!
It's not the first time its happened, those holding on the exchange need to change their thinking! it would help if they removed the low sells below 1000-2000 sat and not sell into the buy wall below that point. The bounty will be a lot more attractive and make my life easier with getting others to help.
The fact the market is small, should make that easy. But not if people continue as is!
With regards to PR, I'm reluctant to spend out of my pocket to fund such things. Because within the crypto space it's very crowded, it makes little sense with how things stand atm in terms of the current wallet spec. But with Kryptly & Krypteer they are both something I can promote directly to my customer list. No funds required, no outsourcing PR, just through my email list. Which will generate sales and at the same time can promote trading on Krypteer, and once paypal is finished on Kryptly that's when I'll start the promotion.
Right now though, if those trading on Bittrex would actually help, I could then use the bounty for hiring which means we can expect updates that matter in the crypto space.
Finishing the remaining Kryptly payment options is important so I can generate some revenue from the work I've already put in. If nothing changes with regards to traders on Bittrex, then updates to the wallet etc will have to wait. My priority is Kryptly/Krypteer and making profit for the people involved (myself, Krypteer partners and those that partake in the profit share).
Don't get me wrong, I do want to update the wallet and add features. Some of the features I'd like to see, I need to bring people on board, that can either happen down the line when I see revenue from Kryptly sales, it can go towards funding wallet updates (the waiting part). Or the traders on Bittrex can help with what I mentioned above and things can progress a lot quicker!
