Patience people, just a little patience.
This coin is 3 weeks old and is in #12 on market cap even after the events of the past 24 hours. This is crypto! Yes, it is a gamble, but where else can you have the ability to make even remotely close to the returns many have seen already on this coin? Yes, those that bought or mined when the coin was worth 700 to 5000 satoshis have made a lot of money and some have taken a profit. Many buy not because they believe the coin has a future but as speculation. That is fine and works well for them. Many have no idea about the fundamentals of the coin or even what it is proposing for the future, they trade on rumor and can make a lot or loose a lot.
While there is risk involved here, the upside far out weighs the risk in my opinion and I am holding, well, actually been adding some additional coins. We have all heard the story of the pizza purchased early with Bitcoin that would be worth millions in today's market. In the future there may be stories about selling XC for .0025 that sound similar. While the focus has been on the anon I believe the dev has been clear that the v1 is a temporary working version while the more advanced v2 is in development. It is easy to make accusations but so far the dev has delivered on what he has said he would do. Until proven otherwise I will believe and verify while I continue to hold.
In previous post I have mentioned that I think the real story here is the phase ii stuff mentioned by the dev early on. If, and I realize that is a big 2 letter word, if the dev can deliver those things it is a game changer in the crypto world. Here is a quote of the previous mention:
Why can't people just exit slowly instead of putting up silly 43+ walls and halting the momentum rise of XC.
+1
It gives nothing good for the coin's sound growth.
I'm afraid xc might merely fall into a speculation coin.
I may have to agree with this statement, until XC is put into practical use, say like coming over and grabbing a bag of jerky using XC @
http://bit.ly/XCJERKYPlans have already started to form for other pieces of this project.... Stores/Markets that accept XC,
ATM/POS, and Mobility... slowly but sure the pieces will all come together.. it won't happen over night but it will happen
The bold section above is what will take us to a whole new level than any other alt coin out there. Read it again people,
ATM/POS! This will be a game changer. I do not expect it to happen overnight but just the fact it is in the works is huge.
For those who may not understand or overlook the ATM/POS, the ATM = Automatic Teller Machine (cash machine in some places) while the POS does not mean Proof of Stake in this case but instead Point of Sale (thing cash register in store). These are things the entire crypto world want and are trying to get to. Even a remote possibility that this coin can deliver demands a much higher price than we have yet seen. If the dev is who we believe him to be there is a real chance of this happening.
Again, this is crypto. You want safe, go invest with your grandma in a mutual fund. If your looking to buy a Lambo buy some XC and hold on.
Right or wrong, I do not know yet but I am holding and looking forward to the future. If I am right the rewards are great, if I am wrong I will take that medicine too.
Good luck whichever route you take, just don't keep screaming at others because they choose the opposite route that you have. Their money their choice.
