Guys, I've held BLOCK since it was around 2 USD so naturally I am happy with the price trend.
However, I don't understand what has happened that fundamentally warrants a parabolic rise to 8.5 USD. "Good tech", yes, probably! But given that there are multiple projects and coins that are essentially all doing what Block is doing, I am a bit nervous this might just be a Fear-of-missing-out scenario.
Pundits chasing yield wherever you can find it.
What are your thoughts?
Do you have evidence or a snapshot that you've really held BLOCK from $2 to back up what your saying.
Because I would have to be really stupid to believe that someone would buy BLOCK and then bash it if it goes up!
Any one who has sold any of thier BLOCK because of a post (like this) should take a snap shot of this post and demand the IP address from Admin.
What warrants BLOCK at $8.50 the same thing that warrants it at $250 - $300
Yeah I've noticed a lot of people popping on here who are holding interests in "essentially the same projects," (clearly inferior to Blocknet), and are bitter their holdings aren't seeing the same gains as Blocknet. I believe word has finally circulated and the market has seen that Blocknet is currently heavily undervalued even at a ~$27M market cap and they are buying it up to get a piece of the pie. The tech truly speaks for itself as none other is implementing what Blocknet has to bring to the table. When people begin to realize this (as they have recently) the price will continue to rise especially when the market atmosphere right now for BLOCK favors a ratio of holders and buyers compared to sellers. It is no secret to expect big things when the product launches as true decentralization is the future of crypto.