Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XLM] Stellar - Decentralized trading platform
by
PeterPalmBeach
on 23/11/2017, 15:43:07 UTC
It's not about airdrop, the main reason price didn't go up due to huge supply of coin. You will notice same thing with Ripple & Cardano, even though they are good coin, lots of works put into, but price will not go up due to huge supply of coin.

The price will go up, just not by a whole lot. It doesn't matter though, for example, I bought Cardano at $.18. This allowed me to buy a lot of them. It's all about the % change, not the total value, because you can just buy more coins. I sold yesterday at $.30, so I almost doubled my money in less than a year. I still have high hopes for them though, just waiting for the coins to come down a little more, and I'll buy again, and probably double my money again in the next year.

If you have bought BTC a year ago you would 10x your money, not just 2x. I wonder when will everybody learn that no altcoin can grow in a long time (a year is a long time in crypto) as much as BTC. Never was and never will.

If you would have bought DASH 6 months ago, you would have achieved the same. Was and will.

It will go down eventually where it was a year ago, around 0.015 BTC, like all pump/dump schemes end. There can be a period when somebody pump the particular altcoin, but sooner or later they all end up behind the king of all coins.

If you believe that, why are you here?

Because I had hundreds of thousands XLM 3+ years ago before I sold them, and I'm watching this coin closely since then. I'm watching if the distribution of the coins will finally end, and give this coin a chance for a a life long time ago promised. It didn't happen since 2014, maybe next year it will and it will be a time to catch XLM value jump. Small chance, but not impossible to happen and not impossible to catch.
What do you mean by saying about the distribution impacts on its price? After the news about IBM, the price of Stellar plummeted to almost its previous base price, at least in exchange rate with BTC.
https://coinmarketcap.com/currencies/stellar/

I don't want to accuse anyone, but whenever XLM price starts to rise there is a huge dump at the markets. Until most of the coins are not controlled by small group of people it's hard for a coin to avoid price manipulation.

Unfortunately, you are right. can't tell if this is XLM core price manipulation or private group but for sure it's controlled. Seems like someone wants to keep the price @ or around 3-4 cents.
Also keep in mind that in order to keep transactions low cost on Stellar network the price of lumens has to be low.
Correct me if I'm wrong