Why are some of you surprised about the price? I tried warning you on October 25th that this would happen. Even before the ICO was finished and before some of you had bought in. ICOs have fundamental issues that are hard to overcome. Devs reap all the rewards and investors reap all the risk. Maybe the updated roadmap will spark some interest but based on past experiences in similar market conditions, I think it will take more than that.
... If no one regrets missing the ICO, it will be harder to drive the price up. You will have many sellers taking profits at 10-20% and very few buyers willing to pay it. Soon the price falls under the ICO and then smart investors buy for under the ICO price. ...
maybe the surprise come from "many investors" selling at -30% of their initial buy? and that, after only few days...
for my part, i really don't think it's all about the -missing- roadmap or anything like that. i mean, we have the game in alpha with very few minor bugs reported, the working wallet, the marketing firm contracted...everything is all fine. it's not the dev job to babysit the exchanges price fluctuation at all.
the weird stuff is really about people selling at a big loss after just few days when everything is going smooth and fine.
Shouldn't be a surprise that "many investors" are selling at -30% of their initial buy. It has happened with plenty of other coins. Look at VDO, EQX, QBK, and BlockNet under ICO @ Polo just to name some recent ones. Blocknet was dumped to 18k sats on Polo and that ICO isn't even done.
Some of the users here were claiming 4-5x increases in price after the ICO. That didn't happen. Price quickly doubled from ICO and then was dumped. Next high was much lower and then dumped again. By this time, many of your weak investors are thinking the coin is done. They cut their loses and move on to the next one. 10-20% loss is better than a 40%-50% one. There are a lot of alt's with this same track record. I'm not trying to spread fud here or say that anyone else should cut their loses. This is just the reality of our current marketplace. Selling at a loss is rarely a good idea unless you know you can make that bitcoin back on another trade.
, but I really advice everyone to keep it at least for some time.
Actually, PM me.