Very few people have gotten access to coins which is why it hasn't dumped hard. Pre ICO people were buying at .003 so even .01 is a 200% gain. I will admit I pulled all mine out the first chance I got and sold 50% of them at .06. Sold half of what was left a few hours later for .085. I bought for .007 so its a huge return. Knowing it will most likely drop down to .01 -.02 range in the next day or two. If it doesn't well I'll ust have to live with only getting a 900% return on my investment
Has nothing to do with loyalty it has to do with business. We are all here to make money end of story. The risk of making very little money is greater than the risk it might take off beyond current pricing. I am grateful half my coins got tied up for a couple more hours and price went back up considerably.
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.