Quote from: poornamelessme on June 20, 2014, 03:48:51 PM

Quote from: Wallenstein on June 20, 2014, 07:18:13 AM

For what it's worth, we're also disappointed that there is virtually no market reaction to what we've put out so far. But we'll keep at it and eventually it will pick up. We are going down what I would call a "rational path"; if we do what we promised it really should result in major value gains. If it doesn't then you can probably forget being rational about the altcoin market and go back to chasing the hot coin of the week.

It's interesting that you bring up rationality. I haven't been into cryptos very long (started in Jan), and at first figured it'd be like how stocks work, or a regular investment -- people would invest based on features, developers, quality of coin and so on.

But by now, I think rationality doesn't play nearly as large a role in regard to a coin's price as it should. Actually I think logic and rationality sometimes play very small roles.

Otherwise we wouldn't get the hot coin of the week ... the new anon coin that skyrockets up, based on an anon promise or very iffy code... or no anon code at all... nation coins would never, ever have been worth what they were, and so on. So it's okay to be rational from a dev standpoint, but just don't assume that investors will be.

The lack of market reaction probably is due to the fact that nobody knows a timetable for any of the proposed things, nor can believe with 100% certainty the devs will deliver. And you don't get the benefit of new anon hype as the coin has already been pumped/dumped once -- I also expect very few are following the coin, so they may not even know about the things proposed. So the way to increase price is to implement something... anything... from that list of features. And I'd also suggest using ipo money to buy/rent machines to mine on the multipool and get some price support going.

Rationality definitely goes out the window when dealing with cryptos. Everyone is looking to get rich quick. Some are good at it, but most get burned. I'm hoping this irrational thinking will eventually give way to rational investing. But currently those alts (in my opinion) that are considered rational investments, are the coins struggling. Most of the money I have tied up in alts, I have distributed between a few coins of which none I want to sell off because if I'm trying to be patient and I truly believe I will be rewarded. Sometimes though, I wonder if I should just take out 1-3 BTC just to "play" with and make some extra coin on the side. The problem with this is that the market would have to be watched almost all day every day with a constant fear of that particular "hot" coin tanking at any given second.