Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 20. (Read 490229 times)

Whales aren't buying SYS.  Just look at the volume.

Agree. But it has an insane amount of coins and still got pumped. BC with 100m coins reached 90k sat. With the Dev team SYS has I see no reason why SYS wont be trading at 10-20k atleast when things start moving. Just got to have patience and let the whales accumulate off the weak hands. Now with litecoin dying, a nr 2 coin is needed. This will most likely be SYS

The problem is they don't have time.  This was all supposed to have been sorted out prior to the launch.  Now that mess has happened and it needs to be sorted out fast or there won't be any time.  Dealing with basic crypto issues like coin total might help with that.  It's sad but if you screw up in crypto it's pretty much guaranteed that before long someone else will come along offering the same things for less.  If you don't listen to the community someone else will and they will make you obsolete.

Well, the services are working - command line style. It's about taking it and expanding to web sites where people can buy / sell / upload things (deeds, wills, docs, warranties, small files), create certs, aliases.

People just need to give this coin a few weeks to see what people create.

Then we can all sign up on a site and begin buying and selling things. Provide feedback, make improvements, and get more people to use it.

Yes, it would have been better if all this stuff was done and ready at launch. But that's how things go. It just takes time and they decided to launch the coin in its current state and continue working. I'm sure they are hoping to get some funds too so they can pay people that are currently working and who will work but want to make sure they get paid before starting.

Just get the team time and I'm sure with the new thread will be new announcements and new hope.

Doge is virtually worthless.

Total coins dont matter. Remember doge?

That's all great for one day.  My fear is that in the crypto world it might not survive long enough for any of that to happen.

What people don't seem to see in this coin is that it is a MARKET PLACE. Along with certs and data storage and other things that will come out in the future.

These things have FEES.

Also MARKET PLACE.

The last thing you want is the price getting pumped and dumped over and over as people are trying to buy and sell things and use the services.

One day you don't want to buy some SYS and the next day have it be worth 50% less and then you can't buy things on the market place.

You also don't want it to get pumped and then have the fees be really high and no one uses it so they change the fees then the price gets dumped and then they have to change the fees again.

It's best for this coin to find a price point and then build walls on both sides around it so the price doesn't move much. Miners can dump a little from the fees they get from people using the services and other people can buy in from the dumps.

Maybe in the future this coin will be so awesome that there will be much demand and the price goes up and the fees will have to be adjusted.

Right now this coin is in price discovery.

I think the syscoin team is doing a good job in trying to manage everything. People don't want to pump the price up and then there will be buy walls to support the current price. Then people can happily use the services.

No the coin total does matter.  Even if whales didn't care, they can't act alone, they need the rest of the community to jump onboard.  Like I said it shouldn't matter but it does due to psychology.  With a successful launch it might have had much less impact.  Now drastic measures are needed to keep the coin going.

I agree.

If mining isn't profitable then that may be more of a problem, but I would have thought that enough miners would still give it a chance for a while and accumulate coins rather than selling them, so hopefully that wouldn't matter unless the price stayed low for a long time, which shouldn't be the case.

The coin total is a myth. But a myth fudders are being very successful about spreading. Thats what devs get for being honest I guess. There won't even be 400m in 6 months. About 420m in a year. Growth slows every 6 months.

No, no educated whale is worried about that, and with a 1500btc ICO, the whales ARE educated. But they are also FUD experts. That's how they make their $$.

Whales are not going to bother with this given the massive coin total.  They have already been burned on other coins with large totals.  It is less work for them and easier to make money with smaller totals.  The sad fact is coins don't succeed without whales to create the volume crypto is just not mainstream enough for that.

More people impatiently waiting to sell than people eager to buy. Judging by the intermittent large buys, I'd say whales are letting the market sink by providing no buy support and putting up large sell walls, then buying up everyone stupid enough to sell.

Without news compelling the masses to buy, the market is at the mercy of the whales, and they won't pump on their own until they have all the coins that they want, which would be damn near all of them.

Edit: good point about miners. Miners dump. There's about .7 btc sell pressure per day potentially coming from miners. Not a lot, but with volume so abyssmal...

Since mining is unprofitable anyway I think the best way to get this back on track is a switch to POS only with a very low interest rate (1% max) and a coin cap of 400-500 million (which is already more than enough).  Unfortunately it seems that total coin cap does have a psychological effect and ignoring that fact is just reckless

just launched has broken the ICO price.. why? all  or most coin like this?

Is there already a working merge-mining pool?

Why so needy? They'll give updates and announcements when there's something to announce. Its not like its been months or something, this coin has only just launched.

Thanks! I see #1 is the devs wallet. I wonder what ones are Mintpals. There are no other large wallets.

agreed！

I've been told that someone else is working on it however its almost a week since we started, people ask constantly for it...
Here you can find a richlist:
http://sys.coinzone.info/RichList

ps it took me 30 seconds to launch it, geez, this is must have thing for any serious coin