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Topic
Board Tokens (Altcoins)
Re: [ANN][CRBIT] Creditbit Hybrid POS/POW | x11 | 1min blocks | 100M CRBIT
by
justtryme90
on 19/05/2016, 21:50:49 UTC
Crbit is a nice coin as we have all noticed. Fast, all infrastructure is made etc. but to be honest there is nothing revolutionary about it, it is just a better version of something that has been allready done for 500+ times ( appr 700 coins are out on the market ) Also no big money behind it or a persona that would make this coin appealing to the public. So nobody has noticed crbit.
I would suggest that all big holders would join and make a pump but without a dump. Since there is no regulation of crypto market this would be a totaly legit thing, maybe not from moral point of view but still ,,legal,,. Why pump? To male people notice crbit. If the price/volume was pumped to get crbit into top 10 crypto than it would get noticed by a whole lot of people. Many of them would buy it just becouse of its place in the top 10, others would maybe see a potential or quality of the coin and buy it for that reason etc. the point is that there would be allot of people entering into crbit ecosystem and with big number of people/volume it would become appealing to online merchants or other buisinesses that would maybe start using crbit....  With an average volume of couple BTC no serious buissines will adopt CRBIT!
I see this option as a marketing move not a scam pump and dump move. But only in case where big holders would join forces and make an agreement to put all of their coins in a ,,vault,, - so there wouldnt be a dump at a certain price.
Everybody who owns creditbit has invested money/time to have them and excpect a profit for that. As it stands nobody will make it if things stay as they are.

You are not wrong that for CRBIT to be useful it needs a significantly larger marketcap, as well as significantly larger volume. You can't transfer money around effectively unless there is large liquidity to do so with. It truly is a difficult problem, to grow something when in the face of inferior coins with first mover advantage. First mover advantage is HUGE.