Quote from: YoggYogg on March 05, 2018, 07:03:31 PM

Quote from: Zeatorius on March 05, 2018, 02:43:37 PM

Quote from: YoggYogg on March 05, 2018, 02:23:22 PM

Quote from: Zeatorius on March 05, 2018, 02:04:14 PM

I hope the devs have some good news to save an incoming massive selloff.

At least there is option to potentially buy at 5k sat in the coming weeks. I think it will go down more than anyone expects before it goes up again. I don't think it will be above 30k for at least 6 months now.

Talking price wise sub-20k is inevitable, but 5k would be real bargin imo, I don't think we will get to that unless bitcoin goes above 20k$. But I disagree with part about having to wait 6 months for >30k, I think we will see it as soon as CMC updates all information, but likely will fall soon after.

The reason I say this is that soon Bitcoin may explode. This will likely leave all alts that are currently in a slow development stage dumped completely, if BTC goes higher than $20k in next few months we may see GEO at much lower than 5k sat. I think it is probably more likely Bitcoin explodes than GEO have big news currently but this is just my opinion as I do not know what the devs plan for GEO is in the short-term. With current news there is zero buy pressure, only sellers.

A finished GEO and headlines will be in every newspaper about the hype of it but that does not stop it going to 1k sat first in a booming Bitcoin market in a worse case scenario for GEO investors.

I totally agree with you regarding how Geo will react to strong bitcoin, but I really doubt we will see sub-10k levels. As much as I love Geo I am truelly worried for short-term market prospects. I mentioned few weeks before that Geo needs more clarity about the project as new investors still have little clue what they bought into.

Let's see where future takes us, Geo is great for long run, but there is also high risk of substitute projects if things don't move fast enough/do not attract market awareness; if an 'ICO' copy of Geo emerged we would be in deep trouble.

It only takes one person to sell a large enough sum and we are at 5k sat this could happen in a panic or for any reason if Bitcoin goes to a new ATH. As much as I hope this doesn't happen I am preparing myself for this eventuality, as the devs are working on the backend of the UBQ wallet so that will take a few months. I think with no marketing and news the price has no reason to go up, as investors know they can just wait a few months and buy in cheaper while not much happens for GEO, and the rest of the alts that have news while Bitcoin goes high might not suffer as much.

Yes that's true, an ICO copy of GEO with working functionality would immediately overtake (if finished) I don't expect to see that anytime soon I believe the devs will have PoL finished before any other project.