Post
Topic
Board Announcements (Altcoins)
Re: 🧅 [ONION] 🧅 Popular Privacy Coin with Real Use Case 🧅 Check DeepOnion Updates
by
DeepFan
on 18/06/2020, 01:40:18 UTC
1: There have been hundreds of thousands of ONION selling operations almost every month for 3 years, how can investors make money. At the following two addresses, you only need to look at the sent records and the received records and you will understand a lot.

DiAHgZzCPADrtAs4VCPN18zY4yVQRKf5Ut
https://chainz.cryptoid.info/onion/address.dws?DiAHgZzCPADrtAs4VCPN18zY4yVQRKf5Ut.htm

DZ32ieKEVY89HqUv5KNpAvHqJFBRiRYh5W
https://chainz.cryptoid.info/onion/address.dws?DZ32ieKEVY89HqUv5KNpAvHqJFBRiRYh5W.htm

2: The ONION team has been promoting the upcoming new features, but it has never seen the specific completion time, there is no time plan without any meaning. I can hardly understand their motivation to do so.
3: The price of ONION will be further reduced. It will even be lower than 100sats.

Well, there has been a lot of selling pressure recently, but that's not surprising. Because of missing fundaments and non-existing marketing, we can't expect significant buy pressure anytime soon. And Kucoin delisting made it even worse.

To your suspicion of some whale dumping ONION, both addresses were created in May 2018 and belong probably to the same entity and one of the biggest ONION whales. Transactions and balances on these addresses are very high, sometimes buying prevails, sometimes selling. Even though during last months selling is higher than buying, I would not overestimate impact of this whale on the ONION price in general. Reasons for it are much deeper.

The main distribution is over. There is a lot of people who invested, people who are actually supporting the cryptocurrency and would be really bad if we increase the circulation supply in such way.
People trying to compare our project that was raised from zero and no crowdfunding to other ones with ICO/IEO/"insert any other way to take money from people", are just delusional.
This is a free market and people can buy or sell, if they feel like there is another investments that are better than ONION, they are free to do it... we had a lot of time discussing with people who wanted to trash all the hard work because ONION didn't move on the markets as they want, we will not engage into this.
To the people who wants to join, use and expand the project, they are welcome. In the mean time, there is developers that no matter the crisis, the tragic situation where we live right now... STILL working and making commits to our GitHub...

Partially agree, because it is always good to look at things from both sides. However, it is logical that DeepOnion is compared with other coins and some of them are ICOs etc, because it is still one cryptomarket. And again, don't forget extremely huge Dev and Bounty funds which were totally comparable to the amounts of money raised by many ICOs. The only difference is that ICO projects have these funds either in USD or at least in ETH or BTC so they keep its value much better than funds held in ONION.

And yes, all effort is highly appreciated, however, it is done in a very chaotic way. As mentioned many times and by far not only by me, there is no vision, no strategy, no roadmap. You don't need any huge funds to create this so where is the problem?