Quote from: Diego24 on July 07, 2017, 07:15:44 AM

Quote from: leigh2k14 on July 07, 2017, 05:35:05 AM

I don't get why the price has pulled back so much, you would have to be slightly retarded to be selling at these levels.

Gonna call back next week.

Why is selling at these prices retarded ? You clearly weren't here last year after ICO when price crashed 80 %. AMP is in a very strong downtrend. I am very happy I ran away, actually. At this moment I will defend the kebaps also Cheesy

In all honesty, AMP has an interesting concept. But I do understand these shortterm investors that run away constantly. There are certain criterias investors look at when investing for the longterm. AMP violates some of them. First, there is a huge amount of premined AMP. Once the platform is operational AMP could go high but inflation with premined coins will kill the price, the same way that happened with Steem. Second, their dev team is extremely small with only 4 developers. What are they actually doing with the millions they raised ? I think the purpose of raising money is in order to pay employees so you can deliver faster. But they raised tons of money and still only have 4 developers. If you ask here why they only have 4 developers and whether they shouldn't hire more people, you get no answer. Third, they have to deliver. And in all honesty, what the Synereo team has delivered after more than a year is very poor. Only a beta release of a plugin. You have to get in the head of the majority of investors. They will be like: "OK, so these people raised millions of dollars and in more than a year the only thing they did was intra team fighting and deliver a beta release of a browser plugin ?". That doesn't sound really convincing. As I said before, Steemit had a full website more than a year ago. That's an achievement that sounds more convincing to investors.

As soon as you sell you start giving negative comments. Not a decent thing to do.

Seen this too many times in crypto. It's hard to find good people to take advice in this sphere.