Hello everyone,
I bought some SAT at 9 satoshi the day it launched on Cryptsy. I realise most coins don't do very well during the next few weeks after it's listed on Cryptsy. But it seems to me the only direction SAT is currently going is down. Even existing buy walls on Mintpal and Cryptsy at 3 satoshi are gradually being removed. In light of all this, I have seriously started wondering if I will ever see SAT going back to the level I bought in at, let alone making profits on my investment. I do not want to sell for a loss and go invest in something else because I really had thought SAT could make a difference in the cryptocurrency world, but I must admit, I become more pessimistic each day. I also wonder if the community is large enough to stand out among the gazillion other altcoins. Don't get me wrong, I really do admire the efforts you are putting into this. But the current picture doesn't look very bright, as I'm sure a lot of others would attest.
As such, I would like to ask: any strong SAT believers here who can explain to me WHY and how they think SAT is indeed going to go up? I really fear if the volume remains low like this, it might be moved to LTC market, for instance. If at all possible, I would like to here rational arguments instead of wishful thinking aimed at restoring faith. I really would like this coin to succeed, but need someone to convince me it's not just a very long shot or a dream.
Thank you!
I believe that with so many different altcoins on the market now it is very hard to make the market believe that this particular coin is any different from all of the other coins out there. It seems that the majority of the coins now are just dumped onto the market and the creators and early adopters make a little bit of money and then the people late to the party lose money and everyone forgets about it.
For example, I remember Earthcoin was getting some attention when it came out, and then there was big news as it was going to Cryptsy. I believe it debuted there at roughly 140 satoshis and now it is at 11 satoshis. Another example is 42 coin. It was going crazy when it first came out and was valued at roughly 1,200 bitcoins each!! Now it is valued at 90 bitcoins each.
In my opinion, in this day and age of cryptocurrency, it is going to take longer for any of these new coins to stand out as a legitimate coin to the cryptoworld. For most people, they just look at it as another market and try to make a few bucks here and there trading in the short term.
For me, the primary reason I have invested my time, money, and miners to Saturncoin is that the Saturncoin community seems fully dedicated to long term success. If we are going to generate any true value to Saturncoin, then it is going to take time and effort to get this accepted by vendors.
I would also say that if there is anywhere you can help spread the positive word about Saturncoin then that can go a long way to getting this coin recognized. We can all work to build this. This not only helps protect your investment, but helps to build the community further.
I am in this for the long haul, and believe that if everyone stays dedicated to the cause then there is no reason to believe that Saturncoin cannot significantly appreciate in value. We have to realize that most people are attracted to the shiny new coins that are created everyday, so we have to work double time to keep the Saturncoin name out there.
Long live Saturncoin!!