Quote from: Snappeer on November 28, 2017, 05:52:25 PM

I am honestly not trying to scare or troll anyone, I am a realist. The idea of Power Ledger is great. I am all for it, I have invested myself.
Reality is however that anyone investing into POWR is essentially funding a vision of a company that has not even a working product yet. They have no product, no partners, just $34 million in funding, a single developer and a vision of the future.
The only reason POWR went up like crazy 8 days ago, was because Australians government gave them an $8 million grant.

You can read it on their website and see why they released the POWR token before they even begin with the development of their product, because they need funding, and an ICO is perfect for that.

The cold hard truth is, that right now as of this moment, Power Ledger is just an idea with an ICO that kick started their funding with over $25 million in tokens, which they are now cashing out for BTC or other legal currencies, as they need cold hard cash to start developing their product. Them cashing out as well as the hype being over, is the reason why the value is going down and will do so for up to a year.

The only way POWR will go up, is if other investors are investing into Power Ledger, however the company clearly said, they are not planning on new partnerships until Q3 2018.

So please, don't hype, don't troll, stay realistic. Of course we all want POWR to go up, who doesn't! But realistically speaking, it will go down to what it was before the November 20th announcement and during 2018 it will recover.

It follows the exact same pattern as Ripple XRP, which is now 5 years old and only once a year they had a pump due to announcements of investors. POWR is now a few months old, and last week was it's first pump due to an investmet announcement. It will be anywhere from 6-12 months until we see the next pump.

The biggest risk as the moment is, that the company will fail to deliver their product. Another big risk is, that several competitors will pop up which do is better. If either of those happen, POWR will go under.

On the up side, if everything goes well and it gets the attention of the mass, then you might be sitting on a gold mine right now, but we won't know until late 2018 or even 2019.

Just because was going up and down by +10% / -10% for a week, doesn't mean it's permanently this case. POWR is a risky long term investment, that might have a 10,000% return in 1-2 years. Stop looking at POWR as a great day trading solution - it's not! That hype is over.

tl;dr bittrex is playing musical chairs with YOUR BITCOIN and don't get caught hodling the bag of shitokens :\ jmho be safe
>>>~$ FLO is proof of work devs close to the Park Slope grid project NYC<<<

https://poloniex.com/exchange#btc_flo