Post
Topic
Board Speculation (Altcoins)
Re: [SNT] Official Status Network Speculation
by
JaFa
on 24/09/2017, 19:35:28 UTC
Lolololololololololol!!!!!!
Shitest coin I have ever seen. Thank God I sold at 1040 sat.

I told you to sell and buy Golem, but you did not listen to me.
I told you to sell and buy EDG, but you did not listen to me.
Now I tell you to sell and buy KMD, but you will not listen to me.

Lol.

Oh thank you for your advice. I will surely sell all my SNT and buy what the random guy on a forum told!

But random internet guy is well versed in the moon and knows how to get there, so you must believe him and sell all your SNT to the price manipulators Tongue

Seriously though, it looks like the dumpers aren't going any lower than 580-600 sats, and the volume is drying up so that means few others are foolish enough to sell at these prices.  A least the good thing with tokens is that we don't have to worry about miners dumping, further pulling down the price, but until we get something positive to build upon we might be stuck at this price for awhile.

I do wish the devs would at least acknowledge on their official channels the price manipulation going on.  I've seen many scam coins over the years, and the SNT sell off we've seen these last few months resemble those scam coins pretty closely.  Running a successful crypto project is more than just building a quality product.  There is a symbiotic connecting between the project and the market price.  Protecting the investment of the early adapters is just as important as building a quality product, because once a project gets labeled a scam it can be hard to ever recover from that reputation.  The devs screwed up by releasing so many tokens at such a high price for an ICO.  It was a short term profit grab that could end up having long term repercussions.