Topic: LBRY.IO - DICUSSION THREAD - page 17. (Read 362661 times)

Yes I know that all and I'm following this project already 1 year and little bit more and I can say that lbc has much much more red days, then green. Neverending dumping last already almost 8 months (from July 2017) with little pause of few days and for that period lbry app hasn't change almost anything and already like in early beta last year with a little progress (I speak from an angle of ordinary user). I saw their roadmap for this year and hoping the best, but I'm disappointed with progress of this project until now and it's price like an investor. I know that they damping their premine for improvement of app and protocol, but development is really really slow and didn't change anything important from July last year and I have impression that this app is far away of full version, or bugs free at least. This new roadmap is light at the and of tunnel, but from my experience with lbc, I'm not optimistic to much, because open beta from last year was too late and they didn't respect releasing dates which they post in the past, so I'm a little skeptic.

And most important question is:
How you expect then that price start to grow somehow sometime, if they will continue to constantly dump their premine for project development in the next time, is that the best tactic or it is easiest that find some true sponsors and not to killing the market constantly??

They arent just dumping the premine and taking vacations and buying sports cars....they are using the premine for development and promotions. If you read one of the previous newsletters highlighting what happened in 2017 you will see that they accomplished ALOT with onlye 600k of capital and 1 million lbry credits.

This marketing and promotions you speak of are already taking place, are you even subscribed to their newsletter?! They are encouraging new users all the time by offering incentives to watch and download content from lbry.

Lastly Decent has a lower supply and a lower market cap than lbry so yes its going to have a higher price, also Decent had an ICO which Lbry did not so they are very different from an investor perspective. Also there are more competitors out there for LBC other than decent...filecoin, florin ect ect

There are two possible solutions for lbc:
1. They must stop dumping premine and find some serious investors out of market (corporations, companies etc.) and present lbry project to them.
2. Work out finally on some marketing and promotion.
Without these 2 most important things, every project is doomed to failure.
Just look on decent for example, they don't have anything special, lbry has a much better product, but decent team has very strong and good marketing campaign and price is almost 3 times bigger.

Lbc price will very hard increase because they are constantly dumping their premine plus big inflation, these are two biggest problems of lbc, for which they don't care! Just look on sell side on Polo, it is constantly above 6 m already one year!    This is the biggest red shitty coin on whole crypto with working product and the worst price, because they don't care about marketing and investors, they headstrong dumping huge premine and killing their own project. I can't understand their tactics...
I like this project and idea, but there is a little chance for success because of that problems. This is the coin for avoiding in short and midterm and nightmare for traders and investors. Maybe something will change in longterm, but I'm not optimistic and I'm disappointed.

The block rewards was highest at the beginning and has a slow decrease in the block reward over time, there are NO halvings, which was one of the things Jeremy made an emphasis on early on. This is why the bitcoin chart looks the way it does.

So the supply schedule is actually deflating since block reward is decreasing, expect the value to slooowwlly increase INDEPENDENT of all other market factors.

Its because of their completely ludicrous inflation rate. Its insane how much this coins supply has been inflated. Look at the bitcoin/LBC chart. It will never reach the levels it did a few years ago because of the massive coin supply increase. I love the platform and I think this project will do great but you are much better off holding bitcoin than LBC. Your investment will continue to de value as the coin supply is schedule to continue inflating at a fast rate

Don't try to catch a falling knife, you might cut yourself with deep losses. Should wait until it has bottomed out. Whatever pricepoint that might be.

lol I'm considering buying some of these as the great purge of 2018 continues. I can't quite tell if this has bottomed yet.

I guess my real hesitation is, while I think it's a great idea and I love the concept of what they're doing, I don't know as it necessarily translates into investment potential. They are kind of going the opposite way of how big highly profitable companies operate. It doesn't seem like it would be massively lucrative, at least not in the beginning. Am I missing something? There has to be a decent profit margin involved, for investors to want to buy heavily into the project.

I bought some of these during the great purge of 2018

do you need Vietnamese translation?? if answer yes, so I'm in.
I got into this topic cause one of my friend told me recently, through some research, I can see this project got so much potential
even the dev team're working very well. with so much star vote on github ^^
so if you need Vietnamese translation, just contact me. I'll be very happy to become a part of you guys....

Buy and hold

January 2018 Development and Community update
https://lbry.io/news/lbry-development-community-update-jan-2018

Latest blog post about 2017/2018! https://lbry.io/news/lbry-in-2017-2018

Hehe, lbry have been frustrating to hold. Had it for 6 months and it is often dumped when something finally happens.
Still i do not dare to sell more, as the developers are actualy doing alot of good work on lbry

If you are having trouble starting the LBRY app today, please be patient with us as we look into an SPV wallet problem. The servers have been going up and down, so connectivity is intermittent.

Ya not really LBC but the wider market, I feel your pain though I was looking forward to seeing some new ath's for lbc, now
back to bagholding and just avging down slowly.

I just hope that we dont go back down to lows around 2-4k, would be nice to see price hold at 5k sats.

The block rewards will continue to decrease slowly, so eventually the price of lbry will start to reflect the supply and tech.

Did you check the rest of the crypto markets? Everyone dumped over the last 2/3 weeks.

Again the same problem with LBC, price went to ATH, and new coins dumped on the market. It is as if this will never get big because of the short nearsightedness of some.

That looks great! I gave you 1 merit xD