Kuriso
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November 07, 2014, 08:49:19 PM |
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Why are some of you surprised about the price? I tried warning you on October 25th that this would happen. Even before the ICO was finished and before some of you had bought in. ICOs have fundamental issues that are hard to overcome. Devs reap all the rewards and investors reap all the risk. Maybe the updated roadmap will spark some interest but based on past experiences in similar market conditions, I think it will take more than that. ... If no one regrets missing the ICO, it will be harder to drive the price up. You will have many sellers taking profits at 10-20% and very few buyers willing to pay it. Soon the price falls under the ICO and then smart investors buy for under the ICO price. ...
maybe the surprise come from "many investors" selling at -30% of their initial buy? and that, after only few days... for my part, i really don't think it's all about the -missing- roadmap or anything like that. i mean, we have the game in alpha with very few minor bugs reported, the working wallet, the marketing firm contracted...everything is all fine. it's not the dev job to babysit the exchanges price fluctuation at all. the weird stuff is really about people selling at a big loss after just few days when everything is going smooth and fine. Shouldn't be a surprise that "many investors" are selling at -30% of their initial buy. It has happened with plenty of other coins. Look at VDO, EQX, QBK, and BlockNet under ICO @ Polo just to name some recent ones. Blocknet was dumped to 18k sats on Polo and that ICO isn't even done. Some of the users here were claiming 4-5x increases in price after the ICO. That didn't happen. Price quickly doubled from ICO and then was dumped. Next high was much lower and then dumped again. By this time, many of your weak investors are thinking the coin is done. They cut their loses and move on to the next one. 10-20% loss is better than a 40%-50% one. There are a lot of alt's with this same track record. I'm not trying to spread fud here or say that anyone else should cut their loses. This is just the reality of our current marketplace. Selling at a loss is rarely a good idea unless you know you can make that bitcoin back on another trade.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Kuriso
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November 07, 2014, 08:54:14 PM |
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Why are some of you surprised about the price? I tried warning you on October 25th that this would happen. Even before the ICO was finished and before some of you had bought in. ICOs have fundamental issues that are hard to overcome. Devs reap all the rewards and investors reap all the risk. Maybe the updated roadmap will spark some interest but based on past experiences in similar market conditions, I think it will take more than that. ... If no one regrets missing the ICO, it will be harder to drive the price up. You will have many sellers taking profits at 10-20% and very few buyers willing to pay it. Soon the price falls under the ICO and then smart investors buy for under the ICO price. ...
Please put things in the right perspective as you seem to fud. ICO there where 250+ BTC buys. Did you see 250 BTC sell lower then ICO? Until now just a very small part has been sold under ICO, if you just buy 3BTC then you are again above ICO, this is like 1,2% of the buys. Never said you needed 250+ btc to sell under the ICO. There's not enough buy support for that many investors to exit. Weak hands are seeing the weak market and doing what weak hands do best. They are selling at a loss. 24 hour volume is 11.32 bitcoins with a trade range between 3900 and 4950. Sure its only 3 bitcoins in one buy to get back to 5500 but if it only took 3 bitcoins to get us back, why are we not there?
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einsteinium.biz
Member
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Activity: 84
Merit: 10
Free Publicity For Your Biz, Coin, Product, or Svc
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November 08, 2014, 12:00:15 AM Last edit: November 08, 2014, 05:18:37 AM by einsteinium.biz |
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"FREE publicity, get it while it's still free,
for your coin, for your product, for your service, for yourself!
If you have a press release about Munne and want us to publish it, we will. If you have an article about Munne coin and you want us to publish it, we will.
If you have Myriad tee shirts and want us to sell it, and want us to only accept Munne coin for payment, we will.
If you want to have a small size banner advertising Munne coin in our publication we could do that too.
ALL OF THE ABOVE ABSOLUTELY FREE!!! well at least for the month of NOVEMBER -- who passes up on free publicity?"
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btcsnippers
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November 08, 2014, 12:29:01 AM |
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Allmost 30k for 4150 a piece all i can say about that is thank you very much.
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sust1200
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November 08, 2014, 12:56:29 AM |
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Allmost 30k for 4150 a piece all i can say about that is thank you very much.
Whats your rank now in Top 100 ?
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btcsnippers
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November 08, 2014, 01:00:50 AM |
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Allmost 30k for 4150 a piece all i can say about that is thank you very much.
Whats your rank now in Top 100 ? Im in the top20 now
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Djinou94
Legendary
Offline
Activity: 1036
Merit: 1000
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November 08, 2014, 01:16:07 AM |
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Sell your cheap coins to the dev i'm sure they're buying
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crazywack
Legendary
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Activity: 1148
Merit: 1000
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November 08, 2014, 03:10:44 AM |
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Allmost 30k for 4150 a piece all i can say about that is thank you very much.
I got over 21k at 3900 last night! TY
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Confirm01
Member
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Activity: 89
Merit: 10
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November 08, 2014, 08:50:28 AM |
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Allmost 30k for 4150 a piece all i can say about that is thank you very much.
I got over 21k at 3900 last night! TY Lucky bastard . This coins will rock very soon and the dude that dumped on you will
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crazywack
Legendary
Offline
Activity: 1148
Merit: 1000
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November 08, 2014, 09:14:42 AM |
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Allmost 30k for 4150 a piece all i can say about that is thank you very much.
I got over 21k at 3900 last night! TY Lucky bastard . This coins will rock very soon and the dude that dumped on you will Man almost has my lowest buy order on bittrex have another 2 in the 33-35 range.
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merkalor
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November 08, 2014, 12:09:08 PM |
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I don't have btc to buy cheap munne
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LISK Develop Decentralized Applications & Sidechains in JavaScript with Lisk!
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crypto4jan
Legendary
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Activity: 2448
Merit: 1025
Energy coin master
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November 08, 2014, 12:15:12 PM |
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I don't have btc to buy cheap munne sell some other coins you have and then buy MNE. I have a buy order and hope on some extra MNE at low price level.
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e2wwnbU8XBcnZxSfMTwZLS7Ru6LdWHunCu 00000a5ac2dc57cfb0b92bc8be7731fe6a94a8c1c49a0d2f32e9e2da4f7d2308
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merkalor
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November 08, 2014, 12:21:59 PM |
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I don't have btc to buy cheap munne sell some other coins you have and then buy MNE. I have a buy order and hope on some extra MNE at low price level. Hum yea maybe
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LISK Develop Decentralized Applications & Sidechains in JavaScript with Lisk!
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sust1200
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November 08, 2014, 04:08:04 PM |
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Have you guys seen Darkcoins PUMP insane!
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Confirm01
Member
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Activity: 89
Merit: 10
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November 08, 2014, 04:33:22 PM |
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Have you guys seen Darkcoins PUMP insane! 7,6% rise is not a pump.
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sust1200
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November 08, 2014, 07:52:05 PM |
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Have you guys seen Darkcoins PUMP insane! 7,6% rise is not a pump. Reffering to before the 6/11 =) then its about 47% actually
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sust1200
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November 08, 2014, 08:37:46 PM |
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Love the Munneproject game! Who is ranked nr 1 ?
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einsteinium.biz
Member
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Activity: 84
Merit: 10
Free Publicity For Your Biz, Coin, Product, or Svc
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November 08, 2014, 08:56:13 PM |
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Have you guys seen Darkcoins PUMP insane! 7,6% rise is not a pump. Reffering to before the 6/11 =) then its about 47% actually EMC2 was wrongly depressed for about 6 months a couple days ago it suddenly started to go in the proper direction, over the last day it increased 30%, over the last two days it increased 50%, and over the past week 100%, and over the past two weeks it rose 300% from 42 sat to current 125 sat. Yet we are still farrrr from the 1k sat that we should have been at months ago. Every since our new mgmt came on board we have experienced incremental growth, in the last two weeks the growth has moved from incremental to explosive, to someone just looking at the last 2 weeks it looks like a pump, but to someone looking at a 30 day window it looks like moderate gains on the way to a proper correction. The most important thing is to connect the growth to something taking place in the community, by management, or both. EMC2 has a strong mgmt team as they rebuild the community they are forming new bonds with other communities by way of The Einsteinium News.
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sust1200
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November 08, 2014, 11:40:42 PM |
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Dev what are you up to? =)
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Coincoin256
Member
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Activity: 113
Merit: 10
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November 09, 2014, 12:21:15 AM |
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I am patiently waiting to hear the updated roadmap. It hopefully should be announced tomorrow.
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