Topic: [ANN] QRL - Announcing the Quantum Resistant Ledger - page 69. (Read 186383 times)

https://gcn.com/articles/2016/12/22/nist-quantum-encryption.aspx?m=1

There's no need to hope, it's actually going down rather sharply. As I have been telling new traders, instead of jumping on a spaceship, wait for the market to stabilize. 4-5x ICO  price is okay but if you're buying at 25x ICO price just after the release, then something is very very wrong. Wait for mainnet to get launches. After that we can get an idea if this project can be successful or not.

Yes, the price is currently way too high.

Again it is good to see people paying blood for their stupidity to buy an absolutely overhyped token without doing their research. Not even the shady ICO distribution to whales prevents people from making dumb moves like buying tokens for 25x ICO price shortly after release. Just looking at volume and throwing money around at shitty ICO projects. Is this project technologically ANYWHERE to deserve such attention/hype? No, it is not (yet). But still you throw money around in hopes of making a quick buck. You fucking deserve your losses for your greed and it makes me feel a little better actually, because maybe some people learn from it and do smarter investments in profounder projects that have a chance of actually being useful and benefiting the cryptoworld. I hope it goes down even further.

I think this high price differences are normal for a new released coin.

Look at Monero for example:

Price on June 21 2014: 5,34$

Price on December 4 2014: 0,378$

There are some other coins too that had such price differences.

QRL is down like hell. Half value in 3 days. The project is so good dont know who and why selling off 

QRL is now dumped and the price variation is very quick, It is hard now to do trade on this token. So many day traders are playing on this token, I hope that the devs do provocative action to stop this pump/dump situation, It really destroying QRL value. 

Thanks for your detailed reply, I see the trend is strongly bearish but price is still at 11x in a month, so I guess it will continue to go down.

They decided not to snapshot the Bitcoin blockchain for initial distribution. Both BTC and ETH were accepted for the initial crowdsale.
This post (April 26) explains how, as well as announcing how you can join the hundreds of people on their email list to receive notification about the crowdsale:
https://bitcointalksearch.org/topic/m.18760865

According to the slackbot in the QRL slack, there were 52 million QRL tokens sold in the early crowdsale for a little over $4M USD total. The price at close was 8 cents USD.

Here's where they describe their seed investment strategy:
https://medium.com/the-quantum-resistant-ledger/seed-investment-strategy-pos-algorithm-updates-3b3854e83a4a

According to this post (May 9) 300 people had already participated by the time the first $1M was raised:
https://bitcointalksearch.org/topic/m.18942234

This post (May 22 - two days before the public ICO was set to start) announces that they reached the $4M cap, therefore the public ICO was cancelled:
https://bitcointalksearch.org/topic/m.19146660
Refreshing to see that they passed up the opportunity to raise more funds rather than oversell themselves at the beginning like so many ICOs.

I saw someone mention on the slack that about 600-650 people participated in total, but I haven't confirmed that. Based on how many people are in the slack, I'd say distribution is far greater by now.

I missed the initial crowdsale. But unlike altcoiner555 I chose not to whine about it and instead bought in after doing due diligence. I could have timed it better though, given the current price! But I'm holding, because I think it's going up in a big way long term.

So there was no distribution for btc holders, it was only ICO ? Does anyone have the ICO btc price ?

I think that's referring to launching the ethereum erc20 contract for QRL tokens, which will be converted to real QRL once the QRL mainnet goes live. By "testnet" and "mainnet", I think they mean ethereum. I.e. they tested it out on the ethereum testnet before launching the contract on the mainnet. QRL mainnet is not going live until September.

Oh, nice. I thought it´s happening in ~august ....at the earliest 

This project can still do very well in a few months, just poor distribution - which is currently being solved right now with this lower price, I hope it goes a lot lower though. No idea where the dumping is going to end, probably around 25k with the buy support

I'll be holding long term now, have made a nice profit and will keep QRL as I see it going very big with time.

They sold them to a handful of whales in backroom deal.  This coin will bleed out until the end of time.  They don't need to pump. It's already 25X, just free money to them.

Did this coin have an ICO only or there was a btc distribution too ? From whitepaper.

"A state snapshot of all bitcoin address balances above 0.01 btc used to form the initial QRL genesis block. Anyone wishing to directly transfer coins at a 1:1 ratio from the bitcoin ledger to the QRL ledger will be able to do so until blockheight 518400 (3 - 6 months) via the node wallet."

Did this snapshot happen or they went with ICO only?

You never know. Sometimes whales are dumping, sometimes not. And if devs release some good news next few days/weeks you ll be happy about 12x!

I think I'll buy a few thousand here, thank you for the selloff. See you all later.

There's a link to their slack on their website:
https://theqrl.org/

It's not cheap when its 12x the ICO price. It will come down further, around 4-5x ICO price. 40 cents IMHO. It's a good opportunity for new traders to watch and learn market manipulation.

Keep selling please, need it to go further down for my order.

Can one of you whales drop a 100 BTC sell order somewhere?