It hard to believe the movement of the Syscoin's price. I think someone accumulates and try to hold coin's price at 4000 satoshi. Technic analysis and fundamental analysis is very good and powerful. Big expectations in October. I think a new all-time high is possible before the end of this year. Just need some more time before the big bullish rally.
I dipped even further to 3500. This must be a good buy at the moment, given all the upcoming news.... I'm buying more.
I don't. I finally sold my stuff and moved on from this. I got banned from Slack for bringing up the ongoing decline of the price in a normal manner. This is really a big red flag for me if criticism is handled like this. No discussion, my user account just got disabled, that is pathetic. Reddit is dead as well. Pump groups make advertisements there and the things are not getting removed for over 5 days. This thread is also silent. Everybody moved on. People are not even caring to vote syscoin for being added to Binance. Those are red flags again for me.
Sys didn't really recover any of the losses with the China FUD market crash. Sys bleeds to death and the devs are not bringing any news to create at least some hype or informing people what might be happening. That is just a big middle finger in the face of every investor. I pity those who actually bought at ATH some weeks ago. Those extra strong declines and wild price swings don't inspire confidence to attract new potential investors and people are deluding themselves if they expect any recoveries soon. Where is the new floor? 2k sats again?
My take on the "silence" here is that it is one of silent confidence. What with Blockchain Foundary and the plans for a Bonded Validator System as solutions for market-driven needs, it certainly looks like SYS is making the transition from first generation coin to a modern cryptocurrency with real world use applications as well as being a secure storage of wealth.
Frankly, I didn't even know who Binance was. I had to google them. Well, truthfully, I went to coinmarketcap.com too. Couldn't even find out where they are based from their website. https://www.binance.com/ Googled "Binance physical location" in order to get that from 3rd parties.
https://www.google.com/search?dcr=0&source=hp&q=Binance+physical+location&oq=Binance+physical+location&gs_l=psy-ab.3..35i39k1.2396.2396.0.3450.3.2.0.0.0.0.106.106.0j1.2.0.dummy_maps_web_fallback...0...1.1.64.psy-ab..1.2.489.6...383.S61TdzT4HUY
Everything is bleeding, well, almost. The SegWit currencies especially, well, almost everybody there as well.
Again, in the case of SYS, I think there are very savvy people buying on the cheap and the rest of us who are holding, doing so with a high level of confidence in what's being done here. You know, it has adopted state of the art legacy advancements (hope that doesn't sound too oxymoronic) while jumping ahead and claiming a very interesting niche in the real world use space. And they're modifying the base protocol to increase security as well.
The only thing I wish there was more of is real PoS. A hybrid 90/10 PoS/POW would set me on fire.
