Pmalek
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Activity: 2926
Merit: 7530
Playgram - The Telegram Casino
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September 14, 2014, 04:18:15 AM |
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Who are dumping SYS in this very low price, I really can't understand why.
The list of buy orders is shrinking on bittrex. It's now significantly shorter than the sell order list. Currently, there are less than 6btc in buy orders left: https://bittrex.com/Market/Index?MarketName=BTC-SYSThe botched launch seems to have permanently tainted the market's valuation of this management team. They keep deleting my posts, but that doesnt change the reality of what happened, what is happening and what's needed to fix it. It is not going below 100 sat , I can almost promise you that! Many people are holding waiting for the reversal. When that happens, buy orders will kick in!
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sisx2007
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September 14, 2014, 04:29:43 AM |
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i'm just curious why people dump their coins at such low price.......200sat...lol
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mauriek
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September 14, 2014, 04:47:45 AM |
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the price is too low
yes, and many seasoned trader or early investors with trading experience already gain profit from it, for purpose to cut losses while still holding good amount sys, i doubled my sys and even if i sell all my IPO at 220 i still break even, i understand that i gain at the cost of others, but that's what real trader life all about, i will continue to trade because that's all we can do to move on and not dwelling on the low price because no matter if it's low or high there is always profit opportunity, and now it's only the matter of getting higher trade volume from community and with significant backup from trading volume syscoin will continue advancing while developers works on it and syscoin getting wider audience and exposure. From my observation, in this early stage of development the sell pressure from miner is not really significant, from the trading pattern the price is low because the sell pressure from profit taking and some cash sensitive investors taking losses, and if trading volume still support it then as we can see it getting more stable everyday and will soon reach the equilibrium price point. in today cryptocurrency the rise of 50%, 100% or even 200% in short time is possible and it already happen over and over again, it even happen in some coins without good feature, just like we see from other success, the keys are to get more developers to contribute, more exposure from media and interest from trader community, and syscoin will thrive.
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john312
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September 14, 2014, 05:35:53 AM |
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Who are dumping SYS in this very low price, I really can't understand why.
The list of buy orders is shrinking on bittrex. It's now significantly shorter than the sell order list. Currently, there are less than 6btc in buy orders left: https://bittrex.com/Market/Index?MarketName=BTC-SYSThe botched launch seems to have permanently tainted the market's valuation of this management team. They keep deleting my posts, but that doesnt change the reality of what happened, what is happening and what's needed to fix it. It is not going below 100 sat , I can almost promise you that! Many people are holding waiting for the reversal. When that happens, buy orders will kick in! Yes, I would be surprised if it went below 100 satoshi. Someone would need to sell 5 BTC worth of coins for that to happen.
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snipsnoop
Legendary
Offline
Activity: 924
Merit: 1000
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September 14, 2014, 09:44:09 AM |
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Ganrom
Member
Offline
Activity: 89
Merit: 10
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September 14, 2014, 03:50:21 PM |
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Does anyone here trade on BTC38.com? I have not used this market before, it does not have the https security on it. Does that matter? Would you trust it?
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Zebedee23
Legendary
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Activity: 2086
Merit: 1001
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September 14, 2014, 07:37:00 PM |
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Does anyone here trade on BTC38.com? I have not used this market before, it does not have the https security on it. Does that matter? Would you trust it?
BTC38 is a very large and reputable Chinese exchange! Never heard of them being hacked 2 .
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beitris.dwlul
Member
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Activity: 84
Merit: 10
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September 15, 2014, 02:14:35 AM |
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price is failing really bad
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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September 15, 2014, 02:18:18 AM |
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price is failing really bad
This coin is dead since the beginning.
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cryptodaknight
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September 15, 2014, 02:33:41 AM |
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And they say this coin is dead, , lol. Wow, amazing the time one takes out of their day to post something like this in a coin they are not interested in. Must be no life or trying to FUD on purpose.
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madmartyk
Legendary
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Activity: 2702
Merit: 1030
Yes I am a pirate, 300 years too late!
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September 15, 2014, 02:34:23 AM |
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price is failing really bad
This coin is dead since the beginning. Not dead, just sleeping!!
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randywald
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September 15, 2014, 08:47:58 AM |
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Wow, i would really like to use "Multisig Encrypted Messages Service" in the future.
How much coins will i need for using this service? I ask this because i would like to buy the coins already now for using it later and i don't know how much i should buy.
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Cor2
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September 15, 2014, 10:58:26 AM |
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Who are dumping SYS in this very low price, I really can't understand why.
Me neither, as the devs are getting closer to releasing the proper user interface for all the exciting SYS features. Probably it was someone that needed the money out, so he sold (at a loss). At Mintpal it was one dump, at Allcoin there was a series of smaller sales, each progressively lower. I am still holding, even considering buying more at these low prices... I can explain that, because I did it several times. For example you sell at 400 on a loss, invest in other coin, get 2x profit from it, rebuy Sys at 350. Now people are selling at 200, investing in other coins and planning to rebuy at 100. They can be planning to rebuy, but they might also be crying for missing the boat when SYS suddenly takes off. Did you see what just happened to Doge? SYS could be next. I am not saying that Pump and Dump are a good thing - that is likely what is happening with Doge - but Sys is so under-valued for the features that it has, it takes only one investor to see the light and start buying a handful BTC worth for the price to bounce up. Crypto is very unpredictable - only way to be sure is to not let go until it has happened, unless you do not mind missing it.
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Cor2
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September 15, 2014, 11:05:53 AM Last edit: September 15, 2014, 04:51:55 PM by Cor2 |
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I bought over 800,000 sys at 25 217 sats!! no ones dumping anything!! all profit all good!
Hi Cointang, You can actually edit an already submitted post - hover your mouse over the bottom of your post and you will see a few words light up - one of them is "Edit". I had to have this explained as well, because on my LCD monitor those texts are almost invisible until I hover over them. EDIT: Oops, I was thinking of another forum. This forum actually has an "Edit" button at the top of your posts. I like Mintpal better than BitTrex, so I added some buy support for Sys as well ;-) Actually I would think it better if it never executes, because that means that price remains high, but if some weak hands rather let go of their coins at a bargain, then I will take them and again double my SYS holdings another time - the reward will be all the bigger in the end!
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Cor2
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September 15, 2014, 11:56:56 AM |
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The regular passage of a cloud of FUDsters tells me that someone is still very interested in this coin and has his minions come by to see if they can demotivate weak hands to sell cheap, so they can pick up a lot of coins over time and then start a big time pump and dump. I have no other explanation for this (and other forums) being at peace for days and then suddenly within a short time, several people start crying about low prices and dead coins, followed by again several days of peace... Very suspicious and therefor I tend to ignore them completely or take them for what they are - a show of interest in the coin by someone with different motives. So, I place my buy orders and my selling points strategically in advance.
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jay808
Newbie
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Activity: 38
Merit: 0
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September 15, 2014, 12:12:46 PM |
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Indeed it's a good time to buy . I have my buy orders set on bittrex .
I see the price go BOOM with the V0.1.6 launch . Massive promotion will happend and all the people who said that Sys is dead will look stupid .
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randywald
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September 15, 2014, 03:19:57 PM |
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Is it better to advise a monkey to buy whenever an sell order at 233 satoshi comes in or to create a buy order at 233? Little joke in this painful time; i really like what great functions are planned for syscoin.
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manbot1
Member
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Activity: 84
Merit: 10
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September 15, 2014, 03:38:22 PM |
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price is failing really bad
This coin is dead since the beginning. this coin will drop in price..it will go in to the 100s sats say 180 sats...but no way is it dead..this will be in top 10 coin market cap...and plus thers a bot on bittrex..people seem to think it will go threw all the buy wall before it drops.I HAVE SEEN IT SKIP 5 BUY WALLS AND DROP THE PRICE TO A LOWER PRICE..SO WHAT I MEAN IS IT SKIPPED 5 BUY WALLS AND DROPPED THE PRICE TO A WELL LOWER PRICE.. INSTEAD OF SELLING TO THE NEXT BUY WALL..SO TO THINK IT WONT GO LOWER BECAUSE OF BUY..OR SELL SUPPORT..IS A JOKE THE EXCHANGES ARE FIDDLING SH TS...so if syscoin carry on and never QUIT..we will be winners..see when this syscoin is usable and i don,t mean swapping it for bitcoin to use ...i mean when syscoin is usable as its own currency.WE WILL THEN SEE THIS COIN FLY TO DA MOON...just need to wait till next spring..for the GOOD TIMES...this coin is top 10 MARKETCAP..and who ever says its not GO BURY YOUR HEAD IN THE SAND...THIS IS NO SCAM..AND ITS FAR FROM BEING DEAD..SYSCOIN WILL BE AROUND FOR YEARS AND YEARS TO COME..
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randywald
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September 15, 2014, 04:06:55 PM |
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It know it can go even lower and it seems to be understandable that people sell to buy back later, but what if it suddenly goes up and i miss the point to buy in? I decided better to buy now and to tolerate a little price drop. Edit: Selling to lower buy orders doesn't work on mintpal, does it? I hate bots, when do they buy back if i trick them? .
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