[ANN] AMP - The Currency That Powers Your Attention On Synereo

[jvper]

Looks like a last hours push the last day before the price hike.

32k is better than 40k, as the smartest forum minds posted, so people are buying at Polo and price is getting higher.

The premise here is: more people want to buy Synereo than sell it. AMP's price is getting higher because of that. It shows how robust this project is under the perspective of the market. I am in.

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[DecentralizeEconomics]

I know they need funds to fund themselves, obviously. But it's insane to own 99.9% of the tokens in existence as a funding excuse. It's way too much. Because these funds will return eventually to exchanges and not even early adopters will make any substantial profit for years even if the project is succesful.
A good comparison would be bitcoin mining asics. They're so expensive that the payback period can be as long as a year or more, and with difficulty constantly increasing, you'll never get to make any profit. The exact situation is with AMPs, the sooner the price will signifiantly increase, the sooner they'll dump more amps into the market to "fund" themselves and that will maintain a balance, meaning you won't get to make any profit unless you're an early adopter, and that's medium term prospect, 6-12 months.

Exaggerating a little bit with that 99.9% aren't we?  Your comment is devoid of any actual evidence.  The fact of the matter is that people who purchased AMPs in the first sale back in April 2015 have made a hefty return already.  AMPs back then sold for approximately 1000 sats a piece, and they sold for less on Bittrex all the way down to ~600 sats.  Currently, at 31.5k sats that gives a BTC return of at least 31.5x.  Also during this time BTC went from ~$230 USD to $620 USD, which is a 2.69x return.  This gives a combined minimum ROI of 84.91x.  This occurred when there was double the amount of AMPs outstanding.  Under your logic, there should already be dumpers dumping this back to the original 1000 sat levels.  Obviously, that is not happening.  What is happening is the exact opposite.  Nobody is selling from the original sale as indicated by the extremely low market volume pre-secondary AMP sale.  I seriously doubt the majority of current buyers will be selling for less than their purchase price, because they know the returns produced for the original sale participants.  The Synereo tech stack has huge potential to radically disrupt and transform the social media market, "smart / social" contracts, and the entire fundamental basis of the internet as we know it today.  You'd be a fool to think differently and underestimate the ability of this team, community, and technology.

[Crpto4$]

The price in polo is 0.00031 btc

[daylox]

Don't dream, this premind shit will be void, don't expect too much.

[chikiuso]

I just wonder any fools buy 40k in third ico instead of 32k in polo? They don't deserve own much money because they have head problem.

Well, because this is early investment and in crowdsale there is big investors who beleave in this very Legit project and willing to buy huge amounts for 40k at ICO AND buy AMP also from the market for low prices and hold long term. I just see that as a good oportunity for small investors to get in if you still didnt and get some cheap amps from polo while you can. The price WILL go up to 40k soon and dont worry about it because it will.

Mark my words 

If they are normal trader, they can accumulate decent volume on polo daily, invest at 40k is a stupid choice.

[B!gSmoke]

Synereo to the moon!

[Golftech]

The price in polo is 0.00031 btc

good entry if you are thinking big coming from this project lets just wait and hope for the success. good luck dev.

[Luke2939]

Synereo to the moon!

Yes! I have already taken up some AMPS from poloniex. Locked and loaded. 
I wish Synereo Amps and ethereum price should be the same like 10 dollars. Just my opinion

[Ajayjkhidhgtfe]

i hope amp falls a bit in coming months i have plan to buy amps worth $1500 within 2 months before synereo's flight takes off and i hope market goes in my favour

[Diego24]

i hope amp falls a bit in coming months i have plan to buy amps worth $1500 within 2 months before synereo's flight takes off and i hope market goes in my favour

Why would there be a take off anytime soon ?

[Ajayjkhidhgtfe]

i hope amp falls a bit in coming months i have plan to buy amps worth $1500 within 2 months before synereo's flight takes off and i hope market goes in my favour

Why would there be a take off anytime soon ?

not anytime soon but slowly the next year as whole development would progress amp can rise very high

[KattZ]

i hope amp falls a bit in coming months i have plan to buy amps worth $1500 within 2 months before synereo's flight takes off and i hope market goes in my favour

Why would there be a take off anytime soon ?

not anytime soon but slowly the next year as whole development would progress amp can rise very high

The nearest event with mass attraction will be the social layer beta in late 2017 or not?

[Diego24]

i hope amp falls a bit in coming months i have plan to buy amps worth $1500 within 2 months before synereo's flight takes off and i hope market goes in my favour

Why would there be a take off anytime soon ?

not anytime soon but slowly the next year as whole development would progress amp can rise very high

At this moment price is dropping like a rock. If it wasn't for this fake buy wall, price would have been crashed today.

[Joerii]

At this moment price is dropping like a rock. If it wasn't for this fake buy wall, price would have been crashed today.

Well, that's just silly. I drew you a very simple chart, here you go :

Price action always moves up and down, that's natural volatility. But as you can see, we've been in an upwards trend for more than 10 days now. Now with the next .0004 price level change of the sale, AMP has a lot more room to grow.

Just watch, this is trend is going to continue. Feel free to quote me on it.

[Diego24]

Well, I hope you are right  . The thing is that normally I would have sold part of my AMP yesterday around its peak, but I didn't because of this 40k talks. So now I feel like "WHY DIDN'T I SELL AS I WOULD HAVE NORMALLY DONE !!!".

[Wexfgy12]

That's correct.  There will be no centralized website.  You will have to run a Synereo node to take part in the network.  The plan is to make running a Synereo node as easy as downloading, installing, and running an app.  You log in to your account via the app.

Is this definitely the way it will work - you will have to download and install an app to be on the Social Network? I assumed various individuals could host their own nodes and you could register there. Having to download/install something to get connected seems like a fairly large barrier to entry

[DecentralizeEconomics]

That's correct.  There will be no centralized website.  You will have to run a Synereo node to take part in the network.  The plan is to make running a Synereo node as easy as downloading, installing, and running an app.  You log in to your account via the app.

Is this definitely the way it will work - you will have to download and install an app to be on the Social Network? I assumed various individuals could host their own nodes and you could register there. Having to download/install something to get connected seems like a fairly large barrier to entry

You'll be able to do that too, but the goal is to have as many people as possible running their own node as it aids decentralization.

[Wexfgy12]

That's correct.  There will be no centralized website.  You will have to run a Synereo node to take part in the network.  The plan is to make running a Synereo node as easy as downloading, installing, and running an app.  You log in to your account via the app.

Is this definitely the way it will work - you will have to download and install an app to be on the Social Network? I assumed various individuals could host their own nodes and you could register there. Having to download/install something to get connected seems like a fairly large barrier to entry

You'll be able to do that too, but the goal is to have as many people as possible running their own node as it aids decentralization.

Sure, but there has to be some balance between decentralisation and convenience so that alot of people can signup and move towards a critical mass of users. The ability to signup via a website/browser in a "traditional" manner rather than having to run a node seems to be pretty important to me. Alot of people will run nodes (I will), but alot of people wont want to go through the "hassle" etc

So just to be clear, people will be able to signup / access the network without running a node? Just that it would be preferred the more nodes the better?
What about a mobile app actually, has that been discussed at all?

[anonbit992]

That's correct.  There will be no centralized website.  You will have to run a Synereo node to take part in the network.  The plan is to make running a Synereo node as easy as downloading, installing, and running an app.  You log in to your account via the app.

Is this definitely the way it will work - you will have to download and install an app to be on the Social Network? I assumed various individuals could host their own nodes and you could register there. Having to download/install something to get connected seems like a fairly large barrier to entry

You'll be able to do that too, but the goal is to have as many people as possible running their own node as it aids decentralization.

Sure, but there has to be some balance between decentralisation and convenience so that alot of people can signup and move towards a critical mass of users. The ability to signup via a website/browser in a "traditional" manner rather than having to run a node seems to be pretty important to me. Alot of people will run nodes (I will), but alot of people wont want to go through the "hassle" etc

So just to be clear, people will be able to signup / access the network without running a node? Just that it would be preferred the more nodes the better?
What about a mobile app actually, has that been discussed at all?

Yes, we need the ability to access Synereo without running a node. If this is not available, it can be a big drawback for the project. I believe the Mobile app will be built by the end of 2017 and somewhat by the start of 2018, people can use it. That's what I saw in the road map.

[DecentralizeEconomics]

So just to be clear, people will be able to signup / access the network without running a node?

To my knowledge, yes.

Just that it would be preferred the more nodes the better?

Right.

What about a mobile app actually, has that been discussed at all?

Yes, it has.