Price still dropping, I have invested 150 ltc in sxc... should I sell or hold?
I agree too many people have begun to think that crypto will get them rich in a matter of days.
Sexcoin is one of the older currencies, It was released in may of this year so thats good news, but it hasn't had years to develop like bitcoin or litecoin. It surprised everybody in the community when it rose so rapidly in value, just for being listed on coin market cap. Lets put the hype aside and see what you've really invested in.
We've stated before the greatest asset is the branding which is targeted at just the right industry, one that has problems with traditional banking systems due to chargebacks on credit cards. It depends primary on subscription models, and has sites that mimic a "microtransactional" business model, but they tend to use an in "house" currency, which can only be used for services on that site.
SXC completely elimates chargebacks and allows providers to adopt a micro transactional business model in adittion to their traditional subscription model. This has the advantage of picking up customers who would purchase some content, but do not feel the site offers enough content to warrant a months subscription. It has the potential to provide a payment system that can be adopted across the entire industry.
The operative word is potential, for SXC to be adopted it would require a dedicated payment processing system, much like a exchange, however it would be focused on selling SXC to consumers for fiat, and buying SXC so webmasters could transfer it to fiat. Although SXC has a payment processing system suitable for small merchants, they must be familar with cryptocurrency.
There has been interest in developing a payment sytem for widespread adoption, however it is in a tentative stage, and as of now is little more than a concept, so SXC may make gains but for it to be mainstreamed and hit the "bigtime" is many months away at least.
