Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN
by
EleanorZ
on 14/08/2018, 19:31:04 UTC
Take a minute to think about the bigger picture here.

1. The entire crypto market is down, and especially alts. What's happening is not unique to PIVX.

2. People act like Dec/Jan was the 'correct' valuation of crypto, and that therefore something is now wrong. That is BS. Prices were speculative then and they're speculative now. Most projects are still far from mainstream adoption, and only adoption will lead to stable valuation that reflects actual utility. Until that happens, sure, take advantage of opportunities to buy low and sell high, but don't pretend that the prices actually mean anything.**

3. Out of several thousand crypto projects, PIVX is in the top 100 (so, let's say 95th to 98th percentile). This is despite the fact that it isn't a first mover in its space, and is a currency, which is an especially challenging niche. It has a good team, an active community, and has remained true to its vision since the start. What more can you reasonably expect? It's not Bitcoin or Ethereum, and it's not going to become those any time soon, either. But that doesn't mean something is wrong.

**OK, there is one real effect, not of the prices themselves but of the specific pattern of prices over the past year: The speculative bubble of Dec/Jan probably slowed the process of crypto adoption by scaring away 'average' investors. It will take longer for investors to forget that bad experience than it would have if prices had remained stable, and that's unfortunate. But that's the reality we're in now.