When Lisk was released on Polo, after a small dip, the price spiked to + 120K.
The people that didn't recognise the hype, got burned the months after.
Lisk progress was very slow, against a growing BTC price, the Lisk price was declining gradually. Lot of big investers pulled out.
Only three months ago, the Lisk funds was released to Max en co. This is +10 milion.
You see a lot of progress and new people that joined the Lisk team.
For a long term investment, i think that this is a good range to get involved. (Hoping the bitcoin won't spike to $3000)
I would agree largely.
It would be very nice if Max and team use the biteball funds to stabilize the Lisk price by gradually convert it to the token this is all about, Lisk.
This is also more respectful than giving free byteballs to a lot of impatient Lisk investors that dump it as soon as they have the chance.
Stabilizing the Lisk price against the growing BTC could attract more investers for the long haul.
I would not agree.
Firstly, the distribution of byteball is not over yet.
And secondly, most investors don't like such manipulations.
If the CEOs/ Devs always intervene if the price goes down, how often is that to happen? Once, twice, three times?
With such subsidies, people lose the confidence in a project. Because they wonder whether the current price is correct or not.
In addition, people wonder what the priority is... the price or the development?.