Just revisiting this one after a few months...a little disappointed in the price action considering the potential. Have a decent stake and will hold for the long term but would have liked to see some signs of growth.
What’s the consensus around here, this one still a winner longer term? I heard that some of the key stakeholders quit a few months back, not sure how that impacts things.
We basically held our fiat price if not raised it a bit during the btc bull run which is a decent sign that people are willing to hold. There was just a successful testnet run. And in the short run there will be another testnet that will be the big stepping stone to having full registration open up for static nodes. Once that happens the price will definitely go up and the coins profile will have a boost in exposure.
Thanks for the thoughtful response-what do you see as the potential for this coin?
Unfortunately seems like only the flashy ICO coins are getting exposure/doing well right now.
It's really just a question of time. The problem is XBY is trying to do something revolutionary. There are folks who are willing to step in and take a risk right now to both support the concept that is being developed and also to potentially have very large returns.
The concept is new so it has to be proven for the majority to show support. That could come in the next big update/testnet. It might also just take more time to have people come on board. The registration of statics will certainly boost the visibility of the network.
The reality though is the reason that there can be such large returns on XBY or anything that is new and potentially undervalued is the unknowns. The system could break down or some other group appears out of nowhere with a similar product that is further along.
That being said the people that have invested believe that this will be the next big break out. I'm certainly one of them.
ICO's tend to draw people in who can see that if they buy in early then sell quickly once it gets out the the general public. That gives those folks a short time frame for the risk and is much easier to have buy in. With a none ICO coin that time frame is more vague so it will just take more exposures and more updates to bring them in.