This coin was killed the first week it launched months ago trading on crypto-trade.com. I was trading it and it was pumped to oblivion in the first week or so to a point where IPO buyers were sitting on a 3000% profit. Ofcourse they dumped it all the way down, creating bagholders ever since. Ofcourse this won't be the only reason for current situation, but i think utc never recovered from this.
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that happened indeed, but i did not pump , and i sold 0 utc.so im not to blame for that.if i sold at peak i would have 90000 dollar, but i dont dump on people,becasue i think its immoral.
in fact i bought much more utc,and yet trolls want to make me out to be the bad guy, its really hurtfull.you keep pouring energy and time into the coin, and a handfull of people support the coin no matter what, I am gratefull for the support, but these trolls are wearing me out.
utc also had other misfortunes, such as hacked exchanges and pools ddos, and things like that...
still this coin is not dead.it will get better but i cant say when.
Yes it was just bad luck that whales used the initial hype around the coin to P&D it. I'm not blaming you. In the end, a coins value is determined by the community, not just the dev. I respect your commitment to the coin and hope things get better soon.
bumface, you never ever gave anything to support voting to reach the exchanges (esp. mintpal & cryptsy). You are always reluctant to put your money where your mouth is. I did, and more than once.
Furthermore, do you think the asic you ordered (not yet delivered? how surprising) will sustain uTC the way you describe it? -I don't think so because we're at the eve of hashrate going exponential for scrypt* cryptos, meaning your investment will most likely never ever repay itself to begin with.
Finally, I still do not know what happened with the IPO money. You did not give proper accounting as far as I am concerned. Care to prove me wrong on this one?
-i always helpt with voting with what i could spare.if i spent more on the voting, i could not afford the asics,so its a long term decision in the best interrest of the coin.
-i wil buy alot of UTC, but that is only a temporary solution, so the majority of spending will be focussed on developments.
-ROI = 25 days.
-IPO money was 80 btc, my share was 26 btc .the original plan was to have all participants help fund development,as you know im the only one left from that group so that budget is gone.we paid somebody 15 btc for promotion and a marketing campain, that was not deliverd and money not refunded.
so instead of spending my share once (for example paying people to build something), the best long term solution was te re-invest, and that is what i did.