Topic: [ANN] AMP - The Currency That Powers Your Attention On Synereo - page 368. (Read 879222 times)

A nice guide on Wallets:

http://cryptocollectorsclub.tumblr.com/post/148503299859/how-to-safely-store-synereo-amp-tokens



http://cryptocollectorsclub.tumblr.com/post/148503299859/how-to-safely-store-synereo-amp-tokens

 

Nobody's selling at these rock bottom prices.

you are welcome. 

Going to be keeping an eye on this one, seems very interesting.
Already bought a small amount and intending to hold.
Good luck everyone! 

I'd recommend signing up in the slack - https://slack.synereo.com

The info will be available there first, and you also have devs there to talk to about it.

They're trying to simplify this process as much as possible before Sept, so there won't be much until just before then.

“At the current distribution of AMPs, which is ~46M, and at the paltry price of 16.79k sats, the marketcap is only 4.5M USD.  Imo, that's a dirt cheap valuation”

Yup, this.

AMPs were never worth 200 sats a piece.  The lowest they ever traded was low 600 sats, and it was for a very brief moment in time.  Right now they're at ~17k sats, not 20k sats.

Steemit is absolutely a scam.  The reason for this is because it is totally unsustainable.  It is simply a money grab by the Larimers and their associates at the expense of the naive.  Trust me, I know all about how they operate.  Like all their major critics, I used to support the Larimers, before I found out how they operate and knew what total scumbags they are.  If you don't believe me, feel free to go join them, but prepare to get burned, because trust me, it will be coming.  At least, you won't be able to say that nobody warned you.

Your valuation of the Synereo ecosystem is subjective.  Personally, I disagree with it for the sole reason of the current state of development.  Not to mention the ground-breaking potential this technology has to revolutionize the way people connect.  Imo, there are plenty of opportunities for profits in the future for this ecosystem.  At the current distribution of AMPs, which is ~46M, and at the paltry price of 16.79k sats, the marketcap is only 4.5M USD.  Imo, that's a dirt cheap valuation.

There will probably be a big pump up of the price going into the next crowdsale, unless the pump already happened. This coin used to be 200 satoshi and now it is 20,000 satoshi. I am already up 100x. The alpha version will not release new $AMP. It will release a test net of fake tokens to practice with.




Steemit is not a scam. It is an attention economy. It is a good website that uses blockchain technology. You create good content and it will get upvoted, giving you a reward. This is exactly how Synereo is described to work. Steemit is also a free blogging service if that is what you need. If you want you can post on steemit for free and possible make money if you go viral... how is this a scam? That is exactly what Synereo plans to do.

Synereo could easily be called a scam for the same reason people call steemit a scam. Synereo might end up being a system where you first have to buy a few $BTC worth of $AMP to promote your content in order to possibly receive a reward from your content. It will come down to very small details of how the game works that will decide whether Synereo is a success.




Everyone is crazy with their crypto investments. This system/company is worth maybe 20 millions dollars. It is pretty crazy that $AMP is worth $200,000,000 USD and Synereo LTD is also worth a bunch of money. The Synereo user base has grown from 10 users to... 500 users in 1 year? There has been no testing on whether this is possible. The game has not even been created... People are insane. Stop giving such high valuations. It leaves very little profits for us. The chances this goes to a 10 billion marketcap is like 1/1000000 but that would only be 50x profits. That is a horrible investment.

Next crowd-sale with take place the first week of September with the release of the Alpha.

http://bnktothefuture.com will be managing the sale.

Sorry if my questions were raised before. Read a few pages but couldnt find answers.

When will be the next crowdsale and how long? date or roughly.

How many AMPs will be for sale?


Thank You

It's a guaranteed fact that any mention of Synereo on Steem would promptly be downvoted into oblivion.  I'm all for trying to save people from the Steem scam.  Try it and see what happens.

Frontrunning the "Damn, what`s gonna be the next Steemit" crowd? Smart move 

Synereo should join Steemit and discuss there.

This is not about trenches, this is crypto. Let`s show some balls and walls.

<--------buying like a mofo 

It's not that simple.

In order to even approach the principle of supply & demand as predictor of price being correct, things need to be as 'symmetric' as possible in the information flow department.  Specifically here, we need to have people willing to sell at a given price.  As others have explained again above, no one is selling at the moment - volume is low.  This is because they expect the price to increase.  When people believe prices will fall, they sell things like hot potatoes, at whatever price they can get (low) - unless they are in for the long-term, that is.

Now, the market does tend to overshoot a bit in this process, but that is not the same as a 'dump' either.
The trend will continue to rise, IMO.  The long term outlook is very good.

If there was a demand for synereo the price would be rising 

MaidSafe announced they'd start selling their own coins on the open markets to sustain themselves.
Synereo is beginning a new phase in the project's life and is allowing people to purchase sizable amounts of AMPs directly. There is a great demand for AMPs now, which we believe will only increase, and with the open markets offering very few AMPs at the current price. This is an opportunity for new buyers to get in the game, all at the same level.

Events of this type happen often in the real world, albeit with equity in the company only. It is an entirely common for a company to sell more of its shares at a higher valuation at certain milestones and/or when wanting to scale up their operation.

Browse https://www.crunchbase.com/ a little and you will see.

Personally, I don't see how projects that have not done this are going to sustain themselves.
The Ethereum foundation has sold nearly all of its coins (more than 90%, if I'm not mistaken). MaidSafe - you mentioned them yourself. Ripple raised funds based on equity multiple times. Very, very few projects with cryptotokens in the space have a) any sort of business model, and b) a chance to survive long enough on their existing funds until the time their technology and networks are useful to anyone and actually scale up to provide them with revenue.

There are many great endeavors in the space, but you must remember that the vast majority of the projects you see around are just short-term plays offering little in terms of technology, vision, or applicability. Don't let that cloud your judgment when evaluating Synereo.

I don't think so, because everyone who holds a significant ammount of AMPs already knows about it. It's been public knowledge for weeks.
And what we saw was an increase in price ever since, not a decrease. That means that AMP holders believe it's a great move. So not something that'll result in dumps.

And like I said before, spreading AMPs around to more holders is actually more likely to increase demand, even though effective available supply is slightly increased.

Steem's a con job pure and simple.  The Larimers and their associates are selling while they are trying to con people into buying by proselytizing Steem via lowbrow antics.  The only value Steem provides is one that feeds directly into the Larimers' pockets.  Steem is completely unfeasible long-term, and it will die out once the Larimers milk it for all it's worth.  It's going to turn out the same way it turned out for Bitsnares holders which is badly.


Yes

Maybe you'll get lucky.  I bought some AMPs off people who sold at less than 1000 sats.  That didn't work out too well for them.