Topic: [ANN] POPULOUS WORLD - Invoice trading platform - PPT - page 60. (Read 277212 times)
We all should saty calm and have a little bit more patience with this project. I think the dev team did a good job and they are working hard to turn populous into a big success story.
Buying Tokens with no working product, hoping it will rise, when the hype is over, is not a good long term strategy.
Just buy the Token, when you need and use them.
Just buy the Token, when you need and use them.
in dollar terms PPT just hit a new lower low, so the downtrend isnt over.
I think someone in this thread already mentioned how stupid you are for referencing the dollar value.
No one should care about the dollar value. It's the BTC price that will ultimately drive the actual dollar value. So its the BTC price that matters. The whales care about the BTC price. Not the dollar price. because BTC is the onramp from dollars to crypto. The whales couldn't give a shit about the dollar price because they are using BTC to buy PPT and other solid cryptos.
The only (dollar) price that matters to everyone is the BTC/USD price. Because basically, the entire market follows what BTC does. The PPT/USD price doesn't really matter because you cant trade PPT to USD
Bitcoin's downtrend (dropped to 6.7k) movement is really hurting a lot of projects. Against $ all major crypto fell a lot.
and populous is not an exception, it's a pity that price of many altcoins depends on price of big cryptosin dollar terms PPT just hit a new lower low, so the downtrend isnt over.
I think someone in this thread already mentioned how stupid you are for referencing the dollar value.
No one should care about the dollar value. It's the BTC price that will ultimately drive the actual dollar value. So its the BTC price that matters. The whales care about the BTC price. Not the dollar price. because BTC is the onramp from dollars to crypto. The whales couldn't give a shit about the dollar price because they are using BTC to buy PPT and other solid cryptos.
The only (dollar) price that matters to everyone is the BTC/USD price. Because basically, the entire market follows what BTC does. The PPT/USD price doesn't really matter because you cant trade PPT to USD
The whale cartels are holding the price down. I am sure they all meet in private rooms to see how they will crash the price so every small fish in the ocean drops their PPT to the open-mouthed whales waiting and wagging their tails in the ocean bed. I would not sell cheap but if you are in desperate need to sell, then of course you have no choice. I do hope some miracle happens soon so we may leave this bear market already. It is getting way too much for many of us long term holders now and I have been in in PPT and accumulated since the beginning.
in dollar terms PPT just hit a new lower low, so the downtrend isnt over.
Alot of people want it to go to back to the ico price so they can jump onboard the PPT train
I doubt it will go to 5, because looking at the majority of the volume on the daily chart, it looks like a group of whales got in at around these prices in late 2017, this 0.0017 to 0.0018 BTC range is their floor. There is barely any PPT for sale at these prices anyway, the price goes up very quickly if you want to buy a few thousand or more,
As the BTC FUD wears off the bulls will return, and in my opinion, I think the fear in this market is already wearing off
I doubt it will go to 5, because looking at the majority of the volume on the daily chart, it looks like a group of whales got in at around these prices in late 2017, this 0.0017 to 0.0018 BTC range is their floor. There is barely any PPT for sale at these prices anyway, the price goes up very quickly if you want to buy a few thousand or more,
As the BTC FUD wears off the bulls will return, and in my opinion, I think the fear in this market is already wearing off
PPT will go to $5.
That would be possible and I like that to happen so I can buy more PPT at dip. Everyone has their own opinion but despite this project is currently dumping, I still see some light that will bring this up in the future.
The amount of profit is good once it will recover, so let's wait for a lower price.
PPT will go to $5.
And when no one sells to them they will sell to themselves causing red lol, they're doing it right now!!! whenever someone sells 1 PPT at a time its someone selling to themselves trying to cause red/panic
It's pretty obvious what is happening here, everything follows bitcoin because bitcoin is the main onramp from fiat to crypto, Bitcoin went from less than 1000 to 20,000 in such a short amount of time, too many people made too much money too quickly and therefore was unsustainable because sadly a majority of this market is just here to eventually sell thier BTC back to fiat, hardly anyone here cares about changing the world (which is really fucking sad)
There are a ton of rich people who are discovering cryptos for the first time and they absolutely hate the fact that average people like you and me have managed to own a decent share of the market already, they also hate the fact that if they want to buy in at 15x or 20x higher than ICO price they'll just be making all the average people that are still holding richer.
The only way to get what they want is by getting you to sell your share of the market to them. Which will cause red in the market, which also causes more people to sell.
They don't want to buy, because that will cause green, which will bring more attention to whatever they are trying to accumulate, and likely cause the price to go higher, making other people richer. And they absolutely hate that.
Its obvious when you look at the order books there was a whale or group of whales setting up large sell walls with 30,000 to 40,000 PPT on Binance in order to try hold the price down and get you, people, to freak out and sell your share of PPT,
I was worried for a seccond there too, (no i wasnt thinking of selling my share) I was just worried everyone ells would sell and cause a flash crash fall right into the trap but, the market on binance actually started buying instead, eating into those sell walls like a hungry pack of wolves (great job by the way people goes to show most of the traders trading PPT arent that stupid) the whales removed their sell walls eventually, and remeber the last thing they want to do is sell thier share of the market at these prices.
There are a ton of rich people who are discovering cryptos for the first time and they absolutely hate the fact that average people like you and me have managed to own a decent share of the market already, they also hate the fact that if they want to buy in at 15x or 20x higher than ICO price they'll just be making all the average people that are still holding richer.
The only way to get what they want is by getting you to sell your share of the market to them. Which will cause red in the market, which also causes more people to sell.
They don't want to buy, because that will cause green, which will bring more attention to whatever they are trying to accumulate, and likely cause the price to go higher, making other people richer. And they absolutely hate that.
Its obvious when you look at the order books there was a whale or group of whales setting up large sell walls with 30,000 to 40,000 PPT on Binance in order to try hold the price down and get you, people, to freak out and sell your share of PPT,
I was worried for a seccond there too, (no i wasnt thinking of selling my share) I was just worried everyone ells would sell and cause a flash crash fall right into the trap but, the market on binance actually started buying instead, eating into those sell walls like a hungry pack of wolves (great job by the way people goes to show most of the traders trading PPT arent that stupid) the whales removed their sell walls eventually, and remeber the last thing they want to do is sell thier share of the market at these prices.
Bitcoin's downtrend (dropped to 6.7k) movement is really hurting a lot of projects. Against $ all major crypto fell a lot.
and populous is not an exception, it's a pity that price of many altcoins depends on price of big cryptosI have seen few vlogs saying from May crypto will start rising again I hope what they are saying turns out to be true.
Bitcoin's downtrend (dropped to 6.7k) movement is really hurting a lot of projects. Against $ all major crypto fell a lot.
and populous is not an exception, it's a pity that price of many altcoins depends on price of big cryptos It's a shame because of external factors the price has tanked to pre 2018 levels and the market again today generally has shrunk another 10-20%. I wonder if this is just a grand exit from cryptos in general and we are seeing this market die off. Blockchain and fintech together had such high potential but the market is at it's worse right now. We are only at 250 million CMC right now total market, can't believe that tree days I am away we have lost another 40% PPT price also suffering because of this. 
Bitcoin's downtrend (dropped to 6.7k) movement is really hurting a lot of projects. Against $ all major crypto fell a lot.
We need to remember that we are still in a bear market and the bears will do all they can to push the prices down and remember this, when someone is selling, there is also someone buying. Those whales accumulating tons of PPT right now at the low point and bottom since the last all time high are not fools, they know what they are doing. Once they have all done digesting their big stacks, they will find a way to pump it hard and we will wake up and say..OH MY WHAT JUST HAPPENED IT MOONED? 
I only have a few hundred PPT but saving them for that rainy day to earn a passive income. 
I only have a few hundred PPT but saving them for that rainy day to earn a passive income. This is probably the longest running bear market, right? How many tokens do the whale want to collect lol
What kind of proof you need to recognize this we are into bear market. This is continuously 3rd month we are into this phase but soon this will be over.
Until few weeks before the consensus 2018 (May 14-16) I think this market is going to be in the same phase.
All you need to do is look at CMC, the market cap ain't rising right now and it is still in downtrend on and off, it will take months before we see the market kick in to a more positive phase. For all the holders of PPT, including myself, I just say hang on and hold and also try to accumulate more under 20/25 bucks because once there is an uptrend and the real live invoices come out, we won't be able to hold the price back and it should take off big time, that's what we all are hoping for to be honest. I really want to be part of the passive income.
Question is where is the bottom? That's where you would want to try to enter the market again. We are in a serious downward spiral right now and it is difficult to say where that will end. Price goes down, interest goes down and prices go down even further consequently. It might still go lower another 50% from here.
It's a shame because of external factors the price has tanked to pre 2018 levels and the market again today generally has shrunk another 10-20%. I wonder if this is just a grand exit from cryptos in general and we are seeing this market die off. Blockchain and fintech together had such high potential but the market is at it's worse right now. We are only at 250 million CMC right now total market, can't believe that tree days I am away we have lost another 40% PPT price also suffering because of this.
So the market cap of PPT is about $550M.
If it takes 120% worth of PPT to buy an invoice and if the 50% of PPT token holders buy invoices, the maximum capacity of the platform would be approx $230M at the moment. This means that PPT needs a liquidity pool of this size to pay invoice sellers.
I can't seem to find any specific info on where this is coming from. Some have said that Nico has arrangements to borrow for this liquidity pool at a lower interest rate like 0.5%/month. However, if Nico is able to obtain a line of credit for $200M+, why wouldn't Nico just do everything himself and cash in on the spread?
If it takes 120% worth of PPT to buy an invoice and if the 50% of PPT token holders buy invoices, the maximum capacity of the platform would be approx $230M at the moment. This means that PPT needs a liquidity pool of this size to pay invoice sellers.
I can't seem to find any specific info on where this is coming from. Some have said that Nico has arrangements to borrow for this liquidity pool at a lower interest rate like 0.5%/month. However, if Nico is able to obtain a line of credit for $200M+, why wouldn't Nico just do everything himself and cash in on the spread?
In the interview he mentioned that there are many walls that prevent an average person to create a company like populous. The banks enjoy the monopoly they have over the market.
Would rather the passive income than sell my PPT, do you even know what the purpose of the PPT token is? you use it on the platform
but maybe he wants just earn money from buying and selling, who knows
POPULOUS signed an exclusive partnership with the KOMODO platform you can read more about the collaboration in this blog post.
https://medium.com/@BitPopulous/populous-signs-exclusive-partnership-with-komodo-d89e30251f37
https://medium.com/@BitPopulous/populous-signs-exclusive-partnership-with-komodo-d89e30251f37
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