Well at least we start of with some good volume on trex, we are on page one!
6 BTC in volume on the first day. I believe that is a good start. Why are people dumping now? Everybody was talking, Risk needs to be on Bittrex, and it hit Bittrex and people start dumping their coins BELOW ICO price. The number of coins was also significant less then original thought because of the POW problem we had at block 4300, and only 132k coins were produced and not 250k coins as original planned.
I can see only one thing that the dumpers will be wrong and they will regret dumping at 15k sats. I hear a lot of critic on the way how i handle my coin. Honestly i don't understand why? If you were thought that you were in a easy pump & dump type of scam coin with ICO investors having big returns on the first days then you took the wrong coin. Pump & Dump coins will always die. People that stay long enough in the coin will see results, people that dumped were disappointed because they didn't see +200-+500% return on their investment. New investors will be happy when they were able to buy some coins at 15k sats.
I agree partly, but although i can see you have good intentions, you have to understand that cryptoworld has seen a lot of scams. A lot of devs ran away with peoples money so investors want to see an active dev which give them some trust.
You dont have to come up with new features everyday, but a daily update with things you are working on, or just to chat with your investors really is a must, certainly in the beginning.
You have to remember that nobody knows you and knows what your plans are, what you are busy with and so on, so if you dont show up for a few days people start to panic.
Its important to build a community and to keep them satisfied by all times, those are the people who buy coins and without them your coin will never be succesful.
And people are looking at it like this:
- What has this coin currently has to offer
- How big is the community
- What kind of person is the dev and how is his communication
- Are there regular updates
- What are the plans
And stuff like that. All things people look at before investing. At this moment they see a lot of people leaving and a dev who isnt really active in his own topic, so why would people invest in it?
You created a coin but in the first two weeks you are six days unavailble due to other things. Im not saying you dont have a good reason for that but people start to think; hey why does the dev has no time in the most important period of his coin? If you dont find it important to spend time on it, then people are really affraid of the future...People want to see you spend time on your coin and they want to see you are 300% focussed to make it a success.
Its like opening a new company, hire some employees and then dont show your face anymore..then come back in a month and say, dont worry i was on holiday...meanwhile nobody knows what to do, what to expect and so on and start to panic.
You might be convinced in your coin but you have to convince others as well. Together we can make this coin big..
Again,not a personal attack, just my view on current situation, but as you know in cryptoworld everything can change fast
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