So why do developers or should say companies release a coin like zifter or paycoin with no merchant adoption and therefore nothing to do but watch the the ICO buyers get bored and sell off so the coin is just another old
Altcoin before anything is done and doomed before it starts.
Take a look at the price now and one big seller could take it below 0.0004 again,please get things sorted out before you release the coin not months later when its dying/dead.I bought late on in the ICO near the end and have lost about half my money just now,will sell on the next spike and except my losses
This is a fair question.
Our CEO provides some insight into price and our plans with ZiftrCoin in his reddit response here:
http://www.reddit.com/r/ziftrCOIN/comments/2y0f98/i_hope_this_is_not_another_paycoin_scenario/cp54fvyRegarding current merchant adoption, it's a bit of a "chicken or the egg" problem, on a couple levels. Merchants take forever to adopt and implement things, depending on their size (look how many still have terrible mobile websites in this age of smart phones). They also want test environments, proof of concept examples and all sorts of statistics. Essentially, the coin has to be out before you can really get too far with them.
I don't dare give anyone financial advice, but if you do cash out, I hope you at least hold on to a few so you have an excuse to check out our shopping site at the end of the year.
