Ravencoin has been very resistant to all these shaking up moments appeared since Thursday night. It should be much more valuable don't know what is keeping its market price this down. If we look at current supply that doesn't justify why this should be this cheap. In the meanwhile coins with more supply have higher price. I don't have deep study about this project but large updates are based of my information about it.
Probably my fault, again. Kek.
Acquisition moves by early whales. Just wait it out, they'll pump again soon. Learn how whales make money, and buy(if you're a trader)/sell(if you're a miner) inverse to their methodology.
The community should continue their campaigns to get listed on exchanges. As for the moneybois, all Bittrex needs to be be pointed at is Patrick Byrnes admission of millions of dollars in investment, then Patrick Byrne should pay the appropriate lawyers (and fees) to get Raven listed on a proper exchange with real volume. Quit the "no official parties blah blah blah" bullshit. It only enables whales. Meanwhile, the community should continue to find exchanges to list on, or Bruce can talk to his homies at Kraken and get the job done.
Always fun to stop by Raven! Much love! Last meetup was a great watch!
(oh and thanks for fixing my trust rating, mods, very much appreciated)
Why should Patrick Byrne or anybody else who's in this for the Long Haul care about getting it listed or paying to get it listed on other exchanges. Exchanges are only for those day Traders not for the people who want to build community and build the network. I believe Patrick Byrne is in this for the Long Haul to use this to end poverty through land ownership blockchain Ledger. Why does he want it listed on exchanges at this point. If you're developer or in this for what this coin can be and not what it is now you want it to stay low and easy to mine and buy. If your want to hold this for 5 years why would you want an exchange now, to drive the price up doesn't help us long holders at all
Wut. Did you even read what I wrote? Yeah the land deed on blockchain thing is neato, a long thought-of way to build a resource based economy if done correctly (in fact i proposed it myself in the chats long ago). Not to be redundant (however you clearly missed the point of my post), but the coin is already on rinky dink exchanges that are easy for whales to manipulate. Getting the coin listed on more exchanges makes it harder to whales to manipulate the price as they have to spread out their resources (bags of coins). Most people already know i've been on RVN since day one and aim to hold all the RVN I have (i gave all my bags away at one point, talk about wealth redistribution!). The focus of my post was how the community can counteract the price manipulation of Ravencoin by getting it listed on bigger exchanges that will offer it true volume, the stuff your talking about couldn't be more off-base in terms of replying to me. Believe me when i say the price of RVN is the furthest thing from my mind unless miners can't afford to mine.
In short, more exchanges means more volume and visibility, which doesn't have anything to do with price (i couldn't give a fuck about the price, unless the coin becomes unprofitable to mine, which isn't good for ANY network, in fact listing on bigger exchanges could tank the price further, who knows!).
So why should Pat do it? Why should Bruce do it? I dunno, how many regular blockchain folk took the floor at the last meetup? I know Tron shouldn't have to pay for it, neither should Jesse. Seeing as how Pat employs those two, I think Pat or Bruce should fix the exchange issue that is clearly happening to anyone who's been watching the Crypto-Bridge exchange order books for the last two months.
Pat didn't have a problem investing millions of dollars early on and going on business insider, why the sudden change of heart?
Answer: Who cares. It's the right thing to do.
looking at the price of a coin in the market, it becomes clear that the project failed at least at this stage, despite this I believe that the project's salvation lies in the leadership of one person and a change in the road map
its not even on a real exhange, how do you expect the price to rise
It's accumulation time. The lower the price the better. As has been stated before, what surprised developers most was how high the valuation and difficulty got so quickly. I think everyone was hoping to accumulate more before the market cap with all future coins considered entered the billions.
True dat.
