Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PoW][X16R] Zyrk - Pushing the boundaries of blockchain technology
by
t32768
on 14/05/2019, 19:50:58 UTC
The only problem is liquidity. Look at the history:

https://media.discordapp.net/attachments/571199375632498699/577932883340034050/unknown.png


There are HOURS between the trades, while with liquid assets, there are split-seconds between them. Why? We've got a one-week-old coin here, efforts to grab 7.5K Zyrk for a masternode (which gives some reward actually, compared to miners, who lose their shirts big time nowadays). Then we've got masternode owners who sell their Zyrk ASAP for (momentally shiny) BTC. This all creates selling presure. I personally think this coin will grow in value as soon as the BTC rally pauses. However, the devs must prove continuous efforts as per roadmap. Indeed Grin

You can't compare an illiquid coin like this to the rest of crypto.

Time will tell. The project has potential, now it's up on the devs to prove their plan. Either this will flatline somewhere at the bottom, or it will grow slowly but steadily with achievements from the team. I bet on the 2nd  Wink

I'm not selling my MN rewards in turn Wink
I'm hodling them.

According to altilly's dashboard, the dollar price and market cap fell 50times since today morning:

https://media.discordapp.net/attachments/571199375632498699/577938254934835233/unknown.png

But I absolutely don't care about these numbers. Because in a market such illiquid, there can be NONE that make sense. But I trust in the stuff behind the coin, and hope the team does its proposed job.