why the price down and so little
Because nothing is happening. Crypto traders have short attention spans. People have been waiting for delivery but none has come so far. Initially the dev made daily updates with lots of energy but those have become very few now and posts are mostly about the release of BTC funds. I think ToshiDesk should have been developed before the coin was launched to ensure momentum. For some reason it was done the other way around. In the absence of an interim catalyst like significant artificial trading or major announcements, expect prices to drop more as people lose interest and move on until some day when something is delivered, which might see the price going up again if the coin is still on the exchanges. For now though it seems activity is just bots placing small orders.
It furthermore seems that the mix between short and long term investors is not optimal and that there more long term investors in MTR staking at 10%. This is evident in analysis of the richlist where wallet changes occur as coins earned through staking are added to the wallets. Few wallets have changes in excess of 4-5 hours. This is not a problem
per se, but volume is also required to maintain a listing on exchanges. Once delivery happens, speculators would enter and there would be more volume, volatility and opportunity. The dev knows how long things will still take and should therefore play a more active role in making sure a listing is maintained through negotiation, direct payment or minimum market activity. Long term investors have no problem with waiting and as long as a listing is maintained, all should be relatively fine.
Jc12345,
We appreciate you views and opinions mate.
I'm here still making daily updates, and have not lost one bit of energy.
Funds have already been released, but I'm not going to come in here praising that the funds have been released from escrow, rather we are continuing on with development as competition is heating up.
www.coindesk.com/coinigy-100k-bitcoin-portfolio-management-suite/As I said before we appreciate your opinion, but we had our reasons for doing a small 2 part crowdfunding sale.
We started to build upon an excellent community, and we began to spread awareness inside the community of the ToshiDesk Platform being developed.
We are non-stop developing, and have no plans of slowing down.
Right now I'm personally building the forum for ToshiDesk and MTR.
We need a centralized forum where new people not involved in the crypto space can come and get a feel for the platform and features,ask questions, etc.
After this update write up I will get back to adding the Logo's and such to it, and giving the forum more of a theme and look to it.
We have also built the rankings widget and tested it on the local server and dev server today.
Below is the a picture of core chart of the rankings widget in MyPHPadmin account that fetches top ranks from database of Masters.
Here it is working on running on the CMS.
Top rankings widget has been added to dashboard sidebar, on the right side, it is currently fetching users and their chart data (garbage values for now) from database.
TO Test:
Table name "graph" holds all data fetched by this widget, it can be changed to see changes in the widget.
The last few days have consisted of many other developmental tasks.
Let me go over a few.
Getting the new website front end built. ( More pics soon, just snapped a few quick ones )
New Website Getting Built Now
#1
#2
#3
Guys please understand something.
Real Development takes real time.
Me having to come in here and spend 45-60 mins writing this update because 1 person has bad things to say about me not coming here and spending that time writing a super detailed update or major update, spreads like a disease...I can't have that going on in here.
I also can't promise a major update everyday, and I can't promise market price either. Right now I don't see the sell side looking that " cheap" considering I see less than 100 MTR for sale under 30K. I don't understand why people are price speculating so early anyway.
There were 76 investors, and 100K coins sold plus the ones that were mined.
The price will swing up and down, just like all coins do!
I would rather spend my time developing and collaborating with my other devs on Springloops.
I have no problem giving updates, as I pledged to give them daily, and I feel I have been doing my part in the matter. Please inform me of another coin dev that does it better, so I can learn a few pointers.
What I can promise....development is non-stop and we will deliver.
Any questions please post them here.
Getting back to work.
Cheers,
MasterTrader777
