SLR went up 300% in just a week!!! Volume is still light though, as I believe people are holding and will continue to hold.
Looks like daytraders are setting the bar high for asks, not like they have a choice because the market isn't as liquid as it was weeks ago, since a lot of people are holding, so in order to make a buck, they'll have to set the low volume at higher prices...
Looking good folks... PoS around the corner! This is going to be a fantastic ride!!!
Yes, but priced against Bitcoin one has to take into account that BTC has gone down by about $75 over the lifetime of SLR, and the current quotation in $ for SLR is roughly the same as it was when it was announced.
IE, SLR has gone down a long way and just recovered.
The thing that worries me is that once mining stops, the only activity using SLR will be the FITs being paid to generators. There doesn't seem to be any other activity, such as buying and selling of PV equipment, for example.
But we will see. Maybe it will go up up and away to $20. However I'd hate to see anyone buying into it with money they could ill afford to lose, though. It would not be good for renewables if it turned out to be like National Lotteries, a "gullibility tax".
I applaud your sense of caution and I agree completely when viewing this through the lens of "investment" participation in SolarCoin only i.e. Someone buys low, looking to sell high, make a return on their fiat, cash out, move on, leave the growth and adoption of the "product" to others. There is nothing wrong with that approach as long as the investor fully comprehends the risk.
What excites me most is that, to your other point concerning future uses/applications/structure/contracts/technology, any one of us here can take on projects that serve to fulfill the mission that also contributes to the overall value. SolarCoin is ours. We as individuals contribute how we see fit and that benefits the whole. I know that is a bit of a foreign concept when compared to the current state of capitalism which rewards competition over cooperation but for me, I love the fact that I don't need "permission" from anyone to grow the community of holders in whatever manner excites me most
. If you say to yourself, "Hey, wouldn't it be cool if SolarCoin did *
insert great idea here*?" Well, what's stopping that individual from turning their great idea into reality on their own? Fear? Confidence? Lack of information? Something else?
I say flip the switch, make it happen. Don't let life pass you by while you're waiting for everyone else to pay attention to your great idea. Nike had it right with their slogan "Just do it!" And I don't say this lightly, I've spent the better part of my life avoiding risk because I was too afraid of failing and worried about not living up to the expectations of everyone around me. It ain't fun... So I'm trying something different.
Early on I didn't mention this to anyone. Yes, I was excited about the idea and the vision Nick and Joe had for SolarCoin inspired me greatly but you couldn't pay me to mention it publicly, I didn't want people to think I was crazy, I didn't want to have to explain it to people who just "wouldn't get it", if it doesn't work out I'd look like an idiot, blah, blah, blah. Excuses, excuses. All that listening to that voice accomplishes is to ensure that the status quo remains intact. And since the status quo sucks, the only person with any power to change that is me.
OK... long rant there. But hey, I'm crazy. Deal with it!
. I'm sure they will take some pleasure at me admitting my frustration with their behaviour. But for the LOVE OF GOD PLEASE STOP!!!!! 