Hey guys, I would like to add something. A lot of times its been said that current price doesn't matter. I can tell you that statement is completely faulse. Current price and an upward trending price matter a lot. Any "investor" wants to see a continued return on investment. If they don't, they walk away. If they walk away, they don't usually come back. It becomes too risky because history says its a bad bet. Also, even though day traders and whales have a tendency to dictate the market, in the end without bitcoin we might as well be trading vegtables. If we want XC to overtake bitcoin one day, investors are key. They want to see innovation and development. They won't mind donating a few XC to a marketing campaign or what have you if it in turn helps put money in their pocket. I work for an investment firm, so I know what I'm talking about. You can't pitch something to an investor without showing them evidence that their investment will payoff. So...... Get out there and spread the word about XC. Anyone that has privileged information that is allowed to share should. If you let these forums go stale without any updates to intise people to jump on board, then you can kiss your investment goodbye!
Current price doesn't matter. Fullstop. I'm not going to go personal on this, but I very much doubt you understand this space in comparison to actual institutional investing.
As you are someone who works for an investment fund, you must realise this space is completely different from traditional markets. This whole idea of a pump and dump philosophy can easily be paraphrased to cover short term investment decisions, something which this space I'd argue is 90% full of. While in comparison real world markets are completely the opposite. This completely changes the market dynamics to a point where actual price isn't reflective at all of actual value. The current price is more reflective of a lack of short term opportunity, rather than a reflection of actual innovation and value.
The thing is, the innovation is what will set the long term price. The issue is that the innovation one isn't fully complete, and two hasn't been advertised. When Rev 3 comes out, and the system is fully functional, expect a huge amount of long term investors to get involved as the true value is realised. This will stabilise the price allot higher than it is now. Honestly, as an ex institutional investor myself, and working alongside institutional investors, we won't even consider setting a sell point until the price breaks 0.01, and until the long term investment arrives and the price is stabilised.
We believe with near 100% confidence this rise will be extremely sharp, it just needs a catalyst. See DRKs rise for a prime example. As at now, even just based on Rev 2, XC outperforms DRK as an anonymous technology, it also, in our eyes, where extensive due diligence has been conducted, has a considerably more capable team. The fact XC built a better system in six weeks compared to DRKs six months is testament to this. On top of this, you have major innovations planned such as staking wallets, VISA cards and a revolutionary collaboration with PoBC. While we have very little understanding of what this entails, if it is what we think it is, it will change the entire alt coin space in a more significant way than PoS did. And these are just the innovations we understand, Web 3.0 and Blockchain 2.0 sound just as groundbreaking.
Anyways, to all this dying crap. I can outright tell you this coin won't die. While all the short term investors might sell, long term investors like myself and the investors I am in contact with believe in this project far over any other as an investment decision. We know exacly where its going and exactly what sort of return we will get. To summarise, if we have to spend $3 million and outright buy the majority of the coins in circulation we will. We believe in this project 100%, and most importantly, we believe in the team 100%.
Heres a warning for all the short term investors, I'm heading back to London in two weeks and ill be allot more active then. Ill also be sitting down with some very important people once i settle to discuss alternative investment strategies for their personal funds. All im going to say is be very careful. Buy while the price is low. Don't miss the boat. We don't want to build a monopoly on the coins in circulation but unless other people want to bite, we will. These are big fish. And we are most likely not the only big fish examining this space and watching the situation very closely.
Ill end on this, how long do you think the competition can stay ahead of us when we innovate faster and better? There will be a day of reckoning, I gaurentee it. Media exposure or not, technology is black and white. Exposure will happen.
Ill see you all when we hit 0.01
To the team, keep up the great work guys. Ill be seeing you all in person some time soon.
Take care,
Michael
^ Bump ^ - this great comment from mike x 3 still stands in my mind. Look forward to hearing from him soon.
