[ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure

[synechist]

Mass starts selling currency   BLOCK/BTC -28.7%  see dissatisfaction investors

Naw, just people trying to collect more coins. In crypto this is called "Accumulation Phase" and is typical. Eventually they will floor it, then dead cat bounce.

I don't think so , ICO price was just to high, so after ICO end it drops to more sustainable levels.. around 2500 sat i think.

I don't get the logic of that hypothesis.

The value of a coin is a function of its price and its money supply. It doesn't make sense to simply say "the price was too high".

Furthermore, there's every reason to hold your BLOCK:
- everyone bought in at 0.00025 BTC per BLOCK; selling now just makes you a loss
- at the time of the ITO the money supply was 10 million. People bought at this price.
- the money supply is now only 3.8 million (!)
- this vastly increases the value of each Blocknet token. If you bought, for example, a tenth of the Blocknet during the ITO, then you now own over a quarter of the Blocknet.

This should (though of course it might not in fact) increase the value of BLOCK. So I'd personally suggest you hold patiently while we organise ourselves and start to deliver the goods.

[Cyberlight]

I don't get the logic of that hypothesis.

The value of a coin is a function of its price and its money supply. It doesn't make sense to simply say "the price was too high".

Furthermore, there's every reason to hold your BLOCK:
- everyone bought in at 0.00025 BTC per BLOCK; selling now just makes you a loss
- at the time of the ITO the money supply was 10 million. People bought at this price.
- the money supply is now only 3.8 million (!)
- this vastly increases the value of each Blocknet token. If you bought, for example, a tenth of the Blocknet during the ITO, then you now own over a quarter of the Blocknet.

This should (though of course it might not in fact) increase the value of BLOCK. So I'd personally suggest you hold patiently while we organise ourselves and start to deliver the goods.

Its probably worth more than 25k when it's finished , but before beta/final launch of goods it's just a idea.

[BTCMILLIONAIRE]

I made a mistake buying into this ito, because they had nothing out yet. I won't buy any ito anymore if they just need to start developing after it, lesson learned

You just said what I said in post #5054 

[drakoin]

Update: BTC funds will be held at the following multisig address in a BitGo wallet: 39mtqLhmPQ8WEpzFCBNHpwPvxFgFPuSDye

That is 364.38012183 BTC ~ 150 thousand USD.

Have you considered to sacrifice (bittrex 7.8 + poloniex 3.6 + bter dust) / total =
only 3% of your immense gains, to stabilize the trading back to ICO prices?

That would immediately stop a lot of complaints.

You believe in your project? Then buy up some of your coins, for cheap.

EDIT: And you probably need less BTC, once the market understands that the trend towards 0 Satioshi is reversed.

[SpeedDemon13]

Seems like all ICO's drop about 50% from original prices, then go up back around the same price or more if the coin is doing as promised with features/services. Just wonder why ICO's don't account for potential price drop and sell lower than projected initial prices?

[synechist]

Update: BTC funds will be held at the following multisig address in a BitGo wallet: 39mtqLhmPQ8WEpzFCBNHpwPvxFgFPuSDye

That is 364.38012183 BTC ~ 150 thousand USD.

Have you considered to sacrifice (bittrex 7.8 + poloniex 3.6 + bter dust) / total =
only 3% of your immense gains, to stabilize the trading back to ICO prices?

That would immediately stop a lot of complaints.

You believe in your project? Then buy up some of your coins, for cheap.

EDIT: And you probably need less BTC, once the market understands that the trend towards 0 Satioshi is reversed.

A buy wall is actually something we've considered cursorily.

It's not a bad idea -  and neither is it a bad idea for the Foundation to be invested in BLOCK.

We'll let you all know if we decide to do this. It makes a degree of sense.



(Hint: might wanna avoid selling at a loss until we respond to this...)

[WhiteNotWright]

Seriously though, I say with all proof that people want to accumulate more coin. To be clear, there are idiots out there trading and are selling cheap to me, so regardless of what is really happening it's mute. The fact is I bought to bring success to the ITO and I bought here at the bottom and continue to accumulate. Either way, it's a valid point.

[qawzsx]

There is no dumping, only manipulation of a low-volume market...easy...

[ndrog]

I agree, people are accumulating more tokens (which is a good thing). Since there is demand and some trade volume (its a good sign). IMO: I reckon,let it be for now and see how it plays out.

[yampi]

*insert fud here*

Please people don't sell cheap to fudding a-holes like this guy.

[drakoin]

Update: BTC funds will be held at the following multisig address in a BitGo wallet: 39mtqLhmPQ8WEpzFCBNHpwPvxFgFPuSDye

That is 364.38012183 BTC ~ 150 thousand USD.

Have you considered to sacrifice (bittrex 7.8 + poloniex 3.6 + bter dust) / total =
only 3% of your immense gains, to stabilize the trading back to ICO prices?

That would immediately stop a lot of complaints.

You believe in your project? Then buy up some of your coins, for cheap.

EDIT: And you probably need less BTC, once the market understands that the trend towards 0 Satioshi is reversed.

A buy wall is actually something we've considered cursorily.

It's not a bad idea -  and neither is it a bad idea for the Foundation to be invested in BLOCK.

We'll let you all know if we decide to do this. It makes a degree of sense.


(Hint: might wanna avoid selling at a loss until we respond to this...)

Always happy to help ;-)  Ideas is what I do best.


> neither is it a bad idea for the Foundation to be invested in BLOCK.
yes ... and if only to now reward me (and others, for helpful
contributions, in the future) with blocknet coins ... 
Giving back to the community pays off.


The price is already 16% higher now.
EVERYONE, feel free to tip me:

[BLOCK] Bn3gKj1BKit8YKr5WrFE6BENtEGhuHcQyk 
BTC 15i31jzNpiUZ1Ni4QTvJsVuZ196Ghv175m

Thanks.

[biskyb33]

The fact is I bought to bring success to the ITO and I bought here at the bottom and continue to accumulate.

^^^me too. this is the only ico i would ever buy into. i knew the value would drop after the ito (it always does these days) but i felt compelled to support the project. i'm just ashamed that i had full intentions to buy lower also after the ito.  forgive me, arlyn!

[synechist]

Update: BTC funds will be held at the following multisig address in a BitGo wallet: 39mtqLhmPQ8WEpzFCBNHpwPvxFgFPuSDye

That is 364.38012183 BTC ~ 150 thousand USD.

Have you considered to sacrifice (bittrex 7.8 + poloniex 3.6 + bter dust) / total =
only 3% of your immense gains, to stabilize the trading back to ICO prices?

That would immediately stop a lot of complaints.

You believe in your project? Then buy up some of your coins, for cheap.

EDIT: And you probably need less BTC, once the market understands that the trend towards 0 Satioshi is reversed.

A buy wall is actually something we've considered cursorily.

It's not a bad idea -  and neither is it a bad idea for the Foundation to be invested in BLOCK.

We'll let you all know if we decide to do this. It makes a degree of sense.


(Hint: might wanna avoid selling at a loss until we respond to this...)

Always happy to help ;-)  Ideas is what I do best.


> neither is it a bad idea for the Foundation to be invested in BLOCK.
yes ... and if only to now reward me (and others, for helpful
contributions, in the future) with blocknet coins ... 
Giving back to the community pays off.


The price is already 16% higher now.
EVERYONE, feel free to tip me:

[BLOCK] Bn3gKj1BKit8YKr5WrFE6BENtEGhuHcQyk 
BTC 15i31jzNpiUZ1Ni4QTvJsVuZ196Ghv175m

Thanks.

I'll tip you for that :-)

[Black_Hand]

well. we will see 

[g0re79]

Does BlockNet team plan any pump to get price to some reasonable levels, before whole project collapse badly?

We plan on releasing a continual stream of progress-related news.

While this may lead to a pump, it's up to the market to decide how our work affects the value of BLOCK.


P.S. The project is independent of the price of BLOCK; it won't collapse at all. We'll just keep on working, because we have the resources to do so. This should be a major support for the price IMO: that the project is viable, healthy, and able to proceed.

Well You have to work faster, otherwise BLOCK will be dead in 2 months.

[mr_random]

If someone buys Bitcoin for $320 and then buys BLOCK with that Bitcoin, when Bitcoin goes up to $400 or $450 BLOCK price goes down to match the original dollar price of BLOCK, as people sell BLOCK for profit.

^ One cause.

[5000Bitcoins]

Seems like all ICO's drop about 50% from original prices, then go up back around the same price or more if the coin is doing as promised with features/services. Just wonder why ICO's don't account for potential price drop and sell lower than projected initial prices?

I agree, I usually wait until after ICOs a bit, if it's gonna take time to deliver after ICO ends, people will get impatient until substantial value has been made, so inbetween this is probably a better time in most cases

[synechist]

Does BlockNet team plan any pump to get price to some reasonable levels, before whole project collapse badly?

We plan on releasing a continual stream of progress-related news.

While this may lead to a pump, it's up to the market to decide how our work affects the value of BLOCK.


P.S. The project is independent of the price of BLOCK; it won't collapse at all. We'll just keep on working, because we have the resources to do so. This should be a major support for the price IMO: that the project is viable, healthy, and able to proceed.

Well You have to work faster, otherwise BLOCK will be dead in 2 months.

On what basis?

I think BLOCK will be very much alive in 2 months.

At any point people can buy into the Blocknet project (not just during the ITO), and it's a very exciting project.

Buying, therefore, makes a fair bit of sense in my personal opinion.

[onealfa]

*insert fud here*

Please people don't sell cheap to fudding a-holes like this guy.

hmmm.... but why?
Every sell order finds a buyer.
I just counted - I have 9 open BUY orders now, waiting for a scared weak hands to come and fill 'em in.
Have already climbed 10+ steps UP on the BLOCK rich list (since the end of ITO)
Thanks in advance, sellers

[The Minion]

Why has price dropped so much from ITO price?