BS, In fact total BS
Once again I do my 1x/week check on SFR [ my largest crypto investment ] and find now that the Dev is making excuses that he 'feels' its manipulation. Maybe we should rename it conspiracy coin II. Get a grip... this is starting to piss me off big time especially since I have invested real actual AUD in SFR. Now all I am hearing is 'manipulation' excuses and the Dev has joined Crypto11 in this crap. Here is the problem :
1) LOW DEMAND as expressed via LOW VOLUME
2) HIGH SUPPLY as expressed by a steady stream of sell orders on the primary exchange[Bittrex]
Its called economics 101 not Xfiles
Low Demand is a function of our still small community [ see our total voters in last poll for evidence ] and also a function of the entire bTc ecosystem. I am sure you all realise that the bTc price has been suffering. Still we have too excuses as several other coins have increased at least partially in value to counteract bTc's fall.
However our major REAL IMMEDIATE problem is supply[/b] I have repeated and said it several times and it continues to bare itself out in the price of the coin.
We have many 'talkers' on here but few are willing to do something about it. I mean something really tangible. Instead, some here believe in this kubaya community spirit 'thingy' like that is going to fix basic supply and demand economics.
SOLUTION: We need big holders to invest[ie hold] their coins over the medium to longterm AND
even more important we need to support the daily coin creation of 960blks of SFR swamping the market using real cash and not just talk.
a) Cryptoindia exchange shares as an INCENTIVE for big holders [Elite Club ] members is a start but where are we going with that
b) 960blk x 32 * 0.00001600btc = 0.49btc support required per day [ if price doubles then obviously that figure rises to 1btc per day....on the other hand price would be 3200sat no doubt helping the demand issue
If a) & b) are taken care of then we can concentrate on 'organic' demand providing
incremental price support [ i.e. a rising price] I doubt we would have to provide support for more than 30-60 days before organic demand overtakes the daily coin creation. Its all about confidence.
Now we have a few 'talkers' on this board who only give lip service to support. Let me be the first to say I will provide 0.025btc support everyday for 90days.
We need 16 more people to commit to that level of price support or 32 more people to provide 0.0125btc support per day for 4 -8 weeks. JUST $5 bucks/day !!!!!!
We would send the bTc to a central address managed by a community member. SIMPLE. He would buy 31000SFR every single day and send the coins 1x/week to the contributors
ANY TAKERS ready to invest $5/day and become a big SFR holder in the process ??
a) We
I was in/out of this coin awhile back...all this talk of "the next big thing/coin" and stuff man...what happend?
Anyone giving good reasons to "buy back in" kinda thing or waht??
Sorry can't seem to get u. All developments and releases are on course. If u are asking about current prices, I personally feel it is market manipulation.