[ANN][GB] $ GreenBacks $ ~ A Complete Currency & Infrastructure ~

[legoman39]

i got me more at 1368 

[CryptoTV]

i got me more at 1368 

lucky

[legoman39]

i got me more at 1368 

lucky
[/quote





 

[parker928]

I'm out, back in at 900, again, sorry bag holders =)

[metagnosis]

the 1500 support level has been broken.  I would not advise any of you to be buyers here.  Unfortunately the devs used up their defense fund early on, at around 500 which was a mistake.  They should have defended the 1500 level which is now broken.  This brings 700 into play and no guarantee that investors will return.  
https://cryptrader.com/c/yLwhg7wZ
https://twitter.com/CryptoGnosys/status/506211239232819200

[parker928]

the 1500 support level has been broken.  I would not advise any of you to be buyers here.  Unfortunately the devs used up their defense fund early on, at around 500 which was a mistake.  They should have defended the 1500 level which is now broken.  This brings 700 into play and no guarantee that investors will return.  

https://twitter.com/CryptoGnosys/status/506211239232819200

agreed...sell orders below 1500 is a bad sign, my advice, sell now, buy back with 10-20% extra coins.

I believe in this coin without a doubt, but at this point, I think the best thing to do is sell and place an order 20% below what you sold for.

[GreenBacksTeam]

the 1500 support level has been broken.  I would not advise any of you to be buyers here.  Unfortunately the devs used up their defense fund early on, at around 500 which was a mistake.  They should have defended the 1500 level which is now broken.  This brings 700 into play and no guarantee that investors will return.  

https://twitter.com/CryptoGnosys/status/506211239232819200

Defense Fund? That is never something we talked about. What we did at 560 was buy 2.24btc worth of GB for the stabilization fund. That is a fund meant to accumulate ~10% of the coin supply in order to ensure network speed and security. The fund currently holds 385000coins, but it is in no way a defense fun. We just wanted to clear that up.

[SkyValeey]

Haha CryptoGnosis sold at 15xx wall and want to rebuy much lower.

[metagnosis]

i'm always amazed at how little devs know about markets.  They rapidly distance themselves from the idea of a "defense" fund.  
Companies listed on global exchanges always have a market strategy.  They are constantly buying and selling their own stock at key technical levels.  If you think your coin / product  is valuable and has potential, this is one of the ways you show it.  You show investors that your product has value and price is an indicator of what that value is.  
This is called a market strategy.  And in the altcoin environment, I'd say its essential to growing a market in a healthy and sustainable way.
Competition is FIERCE.   There are No guarantees that volume will return.  

[legoman39]

i'm always amazed at how little devs know about markets.  They rapidly distance themselves from the idea of a "defense" fund.  
Companies listed on global exchanges always have a market strategy.  They are constantly buying and selling their own stock at key technical levels.  If you think your coin / product  is valuable and has potential, this is one of the ways you show it.  You show investors that your product has value and price is an indicator of what that value is.  
This is called a market strategy.  And in the altcoin environment, I'd say its essential to growing a market in a healthy and sustainable way.
Competition is FIERCE.   There are No guarantees that volume will return.  

metagnosis  
NOBODY WANTS TO HEAR OR READ YOUR S##T SO GO AWAY

[poornamelessme]

i'm always amazed at how little devs know about markets.  They rapidly distance themselves from the idea of a "defense" fund.  
Companies listed on global exchanges always have a market strategy.  They are constantly buying and selling their own stock at key technical levels.  If you think your coin / product  is valuable and has potential, this is one of the ways you show it.  You show investors that your product has value and price is an indicator of what that value is.  
This is called a market strategy.  And in the altcoin environment, I'd say its essential to growing a market in a healthy and sustainable way.
Competition is FIERCE.   There are No guarantees that volume will return.  

I'm sure all devs are aware about the markets. But when a dev is also accumulating, for a stability fund, or for whatever reason, they may also behave like an investor too.

Meaning... they know when a coin has been pumped (sell high)... and when it will fall back. Devs can manipulate the markets pretty easily if they try to.

I'm not saying this is the case here, but pretend you were a dev with a lot of ICO money and wishing for 10% of the coin supply (or however many they want). They wouldn't put up a wall at 1500 ... it'd probably  make more sense at 750 instead. I expect a lot of devs (especially ico devs) do have 'defense funds' but they aren't actually used for defending a certain price (unless it falls below ico levels). It's to accumulate.

[threedream]

greenbacksteam,

don't mean to nitpick but in your site you spelled decentralized as "descentralized". please correct it. 

thanks.

Very Good

[armlock]

Keep calm and buy more gb 

[GreenBacksTeam]

greenbacksteam,

don't mean to nitpick but in your site you spelled decentralized as "descentralized". please correct it. 

thanks.

Very Good

We fixed this today. Thanks for the heads up

[tokeweed]

greenbacksteam,

don't mean to nitpick but in your site you spelled decentralized as "descentralized". please correct it. 

thanks.

Very Good

We fixed this today. Thanks for the heads up

no problem. 

maybe we should promote this project via cross community giveaways.  let's see what i can cook up.

[CryptoTV]

whoever keeps dropping the price, thank you for the cheap coins..and you are a greedy prick.

[AminerMiner]

what he said ^ 

[threedream]

Prices continued to decline, I suspect is a liar

[infazan]

fuck - https://twitter.com/Anti_Pump/status/506320894994960385

[EdvinZ]

fuck