Sorry, got your account and GRR confused. When has any team member promised "moon"?
I'm not asking for the moon or short term gains.
If this project is going to compete, it can't be with a currency that is constantly loosing value, that isn't attractive to anyone, and I'm talking about users here, not just investors.
I have mined and traded this coin plenty in the past and have belief in the core idea, but it's going down the can because nobody around here seems to care that the value of their project is on a continuous down-slide and it will affect how both users and investors view the project.
It is not going down for the reasons you mention, it is going down like pretty much every other Alt coin right now, it is going down because of the upcoming BTC fork.
A lot of people are selling off what Alt coins they can for BTC right now in hopes to earn free BTC gold when BTC splits in November. Just look at the value of BTC right now it is because of this. And like every other Alt coin affected by this there is another 4 weeks to go before we see a recovery. Once the fork happens prices for Alt coins will normalize slowly
Agreed. Same reason it went up in March - July, every altcoin was going up. LBRY had much worse of an app, less features, no marketing, etc. Sometimes just need to ride these waves out. Personally, I bought more at 30K and I'm comfortable holding for the long term.
Ok, I don't disagree with the notion that it's a good project and there are external forces contributing to the the decline of the coins value.
But let me make my point a little more clear, the relative USD value of LBRY has consistently dropped despite what BTC is doing at any given time. There are many coins out there that have held their ground or even made value at the same time LBRY continues to dive.
A coin like Monero gained at least 75%+ USD value in the same time LBRY when down down down. There are many other coins that have done similar and lots of them are shitcoins that don't offer anything other than the coin.
So you can be happy with the consistent capital drop this coin is experiencing, but in the eyes of potential users and investors, it's REALLY hard to get excited about getting involved in something that is constantly loosing ground when there is tons of crap out there holding or making ground.
Like you said, the platform is strong enough that you can feel good about HODL, but something has to change before it's too late or the supporters are going to be left holding nothing.
Even with everything seemingly going down due to the bullish BTC, good altcoins retain or increase their relative USD value and market cap even when their BTC value is dropping. Maybe you're getting lost in the math somewhere or you don't really pay attention to the USD value and market cap of coins. Coins can be worth less BTC, but more USD over time which we are seeing among many altcoins, but LBRY isn't one of them and should be with the platform it's presenting.