I find it funny on how I am keep being called a troll, yet everything I wrote is 100% accurate. Just because I point out REALITY doesn't make me a troll. I am not trying to push the price down by giving real information. Heck, I invested $2k at $1 and now it's down to $0.60, and I don't have more to invest. That's all the capital I have.
All I am saying is that if you are waiting for POWR to go back up to the all time high or even 5 times higher than the all time high within the next week, then you are a dreamer, because that will not happen until late 2018.
Reality is that:
Power Ledger is a company with a vision and no product.
Power Ledger had their ICO prior to actually developing a product so that they can use is as a kickstarter to fund the development of Power Ledger.
Power Ledger is only now starting to develop their actual application and they are expecting a release late 2018, early 2019.
The entire value of POWR is pure speculation until late 2018 when they will release their application.
Just because I point these things out, doesn't mean I don't want it to go down. I wish it would go up to $10 in the next 5 minutes, so I can cash out my $2k investment, but I know it won't happen.
When I read peoples comments here on how POWR will explode next week, going up another 500%... no. No that will not happen. It will keep going down, because now the company Power Ledger, is cashing out their $25 million tokens, so that they can move forward with their development phase for the next 12 months.
If you want to call me a troll, sure, go ahead, if you want to dream away that in the next week POWR will explode again and go up to $5, sure, believe in that nonsense. But at the end of the day, I am the realist here, I did my research, and everyone else who is calling me a troll, is a hypocrite.
I'll be back in the forum quoting myself in exactly 7 days, and then I will be pointing out the "dreamers" who called me a troll and were 100% convinced that POWR will be back up at $1 or even $5.
My best guess is, that in 7 days, POWR will be between $0.3 to $0.5.
The chances are good that Power Ledger will succeed, and the chances that POWR will go up 500% or even 1000% by late 2018, are also realistic. POWR is a great long term investment, so you should buy now. But for god sake, stop playing with the idea that POWR will go up 500% in the next 7 days. It's always the same with people. I've seen this a dozen times. Each time a currency explodes, people keep thinking there will be one massive increase after the other on a weekly basis. Yet we have over 1000 cryptocurrencies and from all that historical data, we can clearly see that ever single cryptocurrency has between 1 to 3 "outbreaks" per year.
Snappeer, you confuse me. For someone that has that much insight, why did you buy in so high? And I'm not mocking you, it sucks when you're holding bags. But for a project that had an ICO price sub $0.10, and lower prices on etherdelta, that initial push to $0.24 or so was phenomenal growth already. It's too young on the scene to establish a history for support and resistance levels. Then we hit mid 40 cents, with speculation that we may see $1 before the end of the year. We got Binance, Bittrex and thats not exactly an easy accomplishment when you've been out for a few weeks.
So despite being a great project with heavy/early traction, boosting from ICO price to a dollar was awesome enough. Profit taking and corrections are inevitable. What would the average person do if they put $500 in at say 6 cents and all of a sudden POWR is stable around $0.80 mark? From $500 to just over $6.5K, wow.
I knew I was late when I missed 12 cents, but just had to FOMO in at 17, 21, 24, 27 42, 59 and 64 cents. Pumps and corrections are everyday cryptolife for us