Sort of like I predicted a while ago (when we were still trading at >250 lit): if the offer is declined we'll retrace to 140 lit. Well, we're already close to that now and we have a second chance, but also even further to fall if nothing happens. Will we see < 100 lit Karma again soon?
Yeah, good thing that altcoin day traders aren't running Karma lol
We're playing the long game, and intend to be here in 5 years while 99% of other cryptocoins are dead.
Like I tell our team: other coins are playing checkers, while Karma is playing chess.
Want to see something interesting? Go here:
https://altcoinherald.com/altcoin-launch-calendar/ and go to "May 2014". See any familiar coins? Maybe one or two. Now there are so many coin launches a day these calendar sites can't even keep up. Altcoin money is spread very thinly these days. There is little growth because altcoins are going after the wrong market.
Even if Karma went to 1 litoshi and was no longer trading on exchanges it would still be around. Why? Because myself and 1 or 2 other members of the community and team will still be here, slowly building a foundation for the millions of users in our future. How can Karma exist without being on an exchange? tsk, tsk
We intend to go after the right market and thus create an actual economy for Karma, independent of exchanges.
It continues to amaze me how so many in the altcoin community think like day traders and SOES bandits.
Do you think people in the Philippines or Argentina will care what price Karma is trading at when they see how useful it can be for them? Hardly. They only care about utility and how it makes their lives better.
Karma is barely 6 months old, and people expect the world. 2,200% price growth in a couple of months? "Not good enough! We want such returns weekly!"
Please.. someone. Tell me if you think the CEO and management of any successful publicly-listed company looks at their stock price every couple of hours (or more, like most of us here seem to do) *and* let price swings determine the future of their company.
What did Mark Zuckerberg do when Facebook stock was tanking and people were calling for his head? He took a long holiday with his new wife, because he knows how emotional and irrational markets can be.
Some see "the end of the world" in the tiniest speck of dust.
But when you're done losing money in scamcoins that won't be around in 5 weeks, we'll welcome you back.
Slow and steady wins the race.
LOL kosmost, sometimes you care too much. Believe me I do not enjoy that my prediction came true. I was going to add "Then I might have to start buying again.", but - as I currently have absolutely zero BTC to spend - I left it out simply because I couldn't. Would that have sounded better?
I know you hate people discussing price but relax, that's how this market and these forums works. Karma is traded on exchanges and you got to admit - right now trading is the primary usecase for Karma. Or can you name me a better one? We all want to change that yeah, but until that happens most people here are just trading coins. There's nothing bad about being a trader. That's how most of us got here in the first place. There would be no Karma and no community without that.
Look, I've purchased my first Karmacoin the day Mintpal opened. I've mined it for quite some time. I've registered on these boards because of it (even though it looks like you might prefer I hadn't
). I've bought all through our depression. I've sold some during the pumps, but not as much as I invested into Karmashares and less than I still hold. I am not going anywhere (except on vacation soon, yay!).
Peace my friend.
