People need to be more realistic. Anyone in their right mind would dump if they could get an instant 4X let alone an 8X or higher ........ Bird in the hand is worth two in the bush as they say.
Wow, I'm reading through this thread and I'm speachless. What I can see from almost every post is just greed and arrogance.
Just like this guy:
"Very few people have gotten access to coins which is why it hasn't dumped hard" - yeah, how many people did you talk to?
"Knowing it will most likely drop down to .01 -.02 range in the next day or two" - haha, no comment, you know shit.
"Has nothing to do with loyalty it has to do with business" - maybe for you, greed, greed, greed.
"We are all here to make money end of story" - speak for yourseld you greedy cunt, end of the story.
"People need to be more realistic" - this is actually the only correct statement you posted. Even though it was meant in a different context.
Get the fuck off dude. No one gives a shit what you do, do what you want. Go vomit your thoughts to your parents bedroom.
The idea of cryptocurrency is banking the unbanked people living in the countries with trillion dollar bank-notes, leave the system that is controled by governments and central banks. Doing things in cheaper and more efficient way.
This is a process that doesn't happen over night.
It seems to me that only very few people realize this.
When you've invested money into ETN or any other project, what did you expect? Moving tokens in the speed of light the same day when the app is released without any issues, making millions in two hours?
Have you ever try to start your own company? Nothing is working the way you wish right away even when you think you're 100% prepared.
Just give it a time and watch the progress and adoption, thinks will move the right direction.
By the way I did participate in the ETN ICO and I hold my ETN because I belive I can buy stuff with it in the near future. Not trade it for FIAT back and forward because that's not the point.
Fuck FIAT, fuck banks, fuck governemts and fuck all greedy people.
Peace
He isn't completely wrong. I made calculations yesterday, and it was about 8% (max) of ETN coins bought during the ICO, which were dumped. And when I saw the difficulty to get access to the wallet, I understood why. I think he is true when he says lot of people are here for profits, and there are already great profits to take on ETN.
But a large part of us thought that the release of investors coins will trigger a massive dump. Due to the inaccessibility of the Electroneum website, most of people were unable to dump their coins. And I think it's this which save ETN: no enough ETN to sell to break walls at a lower price.
Now, after seeing a good resistance of ETN against this massive amount of coins released, we can hope again his price will stay stable, and even go up. So I think people who wanted to dump their ETN but who weren't able to do it, just changed their mind to wait & see how price will react.
So I agree his 0.02$ prediction isn't true ^^
You never know. Look at the amount of sell orders to the amount of buy orders on cryptopia. Currently the amount of sell orders are a little more now than they were 12 hours ago (90M). The buy order amount has dropped significantly compared to just 12 hours ago (320). The buy orders dropped from around 320 btc to around 270 btc but yet you still have the same amount of sell orders (90M). So there are a lot more people selling now than buying. Simple math guys.
The total volume continues to drop as it should after all the hype. I picked up a little more in this small dip. So we are not out of the woods yet and the price can still drop. Also the slow increase in btc is helping the price. Look at CMC chart for etn in the last 24hrs and it's slowly decreasing. You can't argue that.
All of us who bought want etn to succeed but we can't ignore these details. I'm just buying more if it continues to drop and you should to.
What did I say......You never know. There are STILL about 85-90M etn sell orders and now the buying amount has dropped even lower to around 215 btc. The volume is 1/4 of what it was 2 days ago.
There are currently way more sellers then buyers so this value will continue to drop unless some amazing news comes out. Those saying the dip was over were incorrect. The only reason the value isn't around .04-.05 cents is because btc continues to go up and is helping the price. Most of the transactions on craptopia are etn/btc.
The bounty payments were released today, hence the second wave of dumping. I now have my bounty, but no chance I will be selling at the current price. Happy to hold ready for 2018.
You are not factoring in that not everyone sets a buy order though, many just match the going rate. The dip after launch is a natural process, as the people looking for smaller short-term gains and the bounty hunters dump all they have. Then the accumulation period begins. ETN will have mountains of news in the near future (judging by how quick they dropped the first news), along with new exchanges etc. Only a matter of time before the recovery.
And you are not factoring that not everyone sets a sell order as well. Yes only a matter of time before the recovery but until then this can still drop significantly before it goes back up. I believe we are both looking at this long term as a success but they have to stop the bleeding before the recovery kicks in.
I did factor it in, just mentioning it as I did not see you mention it. Yeah it is a big success, extremely rare to see an ICO project do so well on the exchange and have so much early volume. Especially considering it is only listed on Cryptopia right now. Usually, the value of ICO coins falls well below ICO price immediately after hitting the exchange. I am very impressed. I think we all knew the dips would come, especially with the bounty hunters today on top of all the ICO investors looking for a fast buck. It will all settle down a bit soon. Looking towards 2018, what happens right now is not all that important. Although I would love to take some more cheap coins from the dumpers...I am ready and waiting.