wow, price dropped ruefully, it's only left to wait this project to get new wave of popularity
And price action is super sad. I wished to believe this is solid project without price fluctuations resembling bitconnect...
It is not a big achievement to issue an ERC20 token, yet I feel like we've been hyping "swap" for past half a year. I am really worried how long will it take to do real development work when systems such as 'Geo withdrawal method' in the new app (ubiq network takes payments in Ubiq therefore anyone withdrawing from application has to pay in 'Ubiq' for the transaction fee, makes it complicated for the network as it seems devs will need a pool of 'ubiqs' to power it, question is who will pay for those?).
Those things are complicated and if it took us 6 months to go through set up of ERC20 token I am really scared about the future develpment parts. But at this point there is not much we can do, just hodl and pray we will be able to dump out in the future
I am still ahead considering swing trading over past 2 months, but I really thought this has different base.
It does suck the price coming down this hard after reaching a huge 150k sat ATH, I am certain it will hit that again and higher in the future. Obviously impossible to say when, could be bagholding for a few months to a year or two. At least we aren't stuck holding some shit coin or a scam, GEO has so much potential and I think it will skyrocket to much higher than we have seen within the next couple years.
I know 150k sat is matter of time, even cryptopia's levels of 260k (litecoin/dogecoin markets went upwards [in equivalence] of 500k satoshi) are achievable within some time. Just expressed personal opinion on possible time frames of the project and market action which makes it look like a classic p&d scheme.
Imo project needs more clarify for people already invested in it to understand what is the purpose of Geo coin in the long run - many questions arise in forms of "when will I get my Ubiq coins?" or not aware what are the next development stages for Geo. Most of crypto projects will not deliver their "product" releases in 2018 or 2019, yet they openly talk about what is meant to be delivered, no marketing (ex. paid ads, articles in main websites), just clear vision with steps that need to be taken.