Post
Topic
Board Announcements (Altcoins)
Re: eXperience Points [XP] ENGLISH
by
MooMooMrCow
on 21/11/2017, 13:39:23 UTC
Disclaimer: Not trying to be negative, I own some XP.

That being said, the difference in price between the BTC and DOGE markets is going to make some investors very upset. I understand the reason is due to the smallest amount of BTC one can bid, but hear me out for a minute. Imagine, for the average investor new to crypto, when they look at coinmarketcap, and see XP go up 1000%, they decide they want to buy some XP. So they create(d) an account in Nova, but used the BTC market. But then, the next day, on CMC they see the coin down 300%, and if they try to panic sell, the liquidity is so low, that they would be selling for a very little amount compared to their initial investment. So if they decide not to sell, when they'll dump it once they are able to recuperate their investment. Now play this cycle, over and over again, and that is what is going to happen, since the currency pairings are created an issue with the coin's liquidity.

If possible, the pairings should be left either XP-BTC or XP-DOGE/ESP2 etc.. That way, we don't see such huge disparities in price between the two pairs and don't create spiteful bag holders.