I don't understand...
2 days ago xby price almost doubled... i come to read what people say expeting excitement but everyone are angry and disappointed and now the price is low again...
what's wrong in this community? I'm in this project since 6 months and finally 2 days ago after whitepaper release and some good xby articles on web things started finally to go better and now...we are at 300 sat again.
I understand this is a long term investment but we make one step forward and 2 backward.
i'm starting to lose faith...very sad : (
It seems to me that the tokens are poorly distributed. A small group controls most of the coins which they bought when the price was as low as 1 Sat. Now there is in fighting among the group and everytime someone sells a portion of their coins, the price will sink due to the already low volume.
I keep hearing people tout that there was no ICO for this coin as if that's some kind of positive. A well marketed ICO distributes the coin in a way that is 10x better. The large bag holders like CCR should honestly just donate some of their funds and ask for community match to fund these initiatives. It would only make the price go up and help their investment in the long term. Creating new tokens is just compounding the problem imo.
Everyone can't hold their huge bags, and scratch their heads at why large investors aren't entering. No big investors are going to buy into something for 100x more than what you paid b/c they will be scared that you will exit. Especially b/c the project isn't open source and contingent on 1 person. Alot of solid projects have had problems like this, like Byteball, bitbay etc.
The tech seems really promising and the potential is definitely there, but that can be said about a ton of projects that still haven't been able to take off. Technology is only half the pie these days, with the amount of altcoins entering the market these days, it's management that's going to be the deciding factor.
Some will say i'm trying to fud, but honestly everything i've said is just common sense to anyone thats worked around business and technology.