Quote from: JudgeDredd_Cryptsy on February 10, 2016, 02:21:23 AM

Quote from: Joebwan on February 10, 2016, 02:08:54 AM

Quote from: JudgeDredd_Cryptsy on February 09, 2016, 03:34:35 PM

TekCoin on yobit will be at 2-3k with volume.

Interesting prediction. I hope you are correct. Any facts to back this up, or is this your personal mental interpolation?

TEK was 2k+ for over a year+ on cryptsy, only went down because cryptsy went down hill.

I agree that losing Crapsy hurt us, but there are other factors at play here.

The whole supply/demand thing, which, believe it or not, is a huge factor. If you look at the total number of coins in circulation, and factor in that they have been staking non-stop, The supply has continued to increase during all of this.

Then there is consumer confidence. While the whole thing was triggered by the CraptsyCrash, Gobs of folks have been dumping or at the very least selling off stake. This caused an already tanking coin to scrape the bottom and remain there. I doubt that being listed on another exchange is going to instantly help coin perception.

Sure we need more buyers, but perception of value is set by folks who have the coin, and long as they are willing to basically give them away, why would anyone pay more? We are gambling that the increase number of buyers will overcome the dump/stake sellers, and that the price will begin to rise. I personally believe that with enough exposure this may happen slowly, but I do not expect it to happen just because we list on Yobit. As Monk would say. "I could be wrong now...But I don't think so!"

For TEK to shoot up in price, it is going to take a large number of people to want them all at once. This would be triggered by 2 things. First the coin has to be available. That is why we want to be listed on Polo and/or Bittrex. I see Yobit as a stop gap, and a path towards the larger exchanges, not an end unto itself. Second, there needs to be something that draws attention to the coin. We really do not have anything at the moment that makes us stand out as very desirable. SuperStake helps, but its not going to get us to the moon.

In other markets, movement can be self perpetuating. For whatever reason, a investment instrument will jump in price, maybe a fund holder decides to buy in large, and the buy-in causes the price to jump, then others notice the price going up, holders increase asks, buyers up offers, and the whole thing escalates. We have seen this with Bitcoin too. This can happen in the Alts, a whale may decide that a particular coin is interesting and throw a handful of Bitcoin at one, same result.

So, while being listed on larger/better exchanges is a move in the correct direction, i am not personally getting my hopes up that the price will instantly go up. We may see some moderate improvement, but other things still need to happen.

we still need a gimmick!