Quote from: Saturncoins on July 01, 2014, 04:38:30 PM

Quote from: TheGift73 on July 01, 2014, 03:05:21 PM

It was inevitable that people would be dumping SAT/SAT2 for the first few days (miners always do) so I am more than happy to sit back and wait. I see this as getting in very early on a very promising coin. (which now only has 7.7m coins in total) I managed to get in to BC very early (3500) MAST very early and VRC also very early. Just do some research on what the coin/devs have planned and then take the risk on whether or not you wish to invest.

I personally like what the SAT2 devs have planned and am looking forward to more details as and when they are ready to release further information. Until then, I will continue trading my other coins, whilst keeping an eye of the development of this one.

They stated how the swap would work quite some time ago so you really have no excuse for not knowing how many SAT 2 coins you would be getting in the swap from your SAT coins. It was also inevitable that there would be a dump in the first few days. It is the nature of crypto and won't change any time soon.

Exactly. And it's also a self fulfilling prophecy. Look at just about any coin that announces news (price goes up) and then releases news (people start dumping just before the news even gets released). It's how crypto markets work. People think others will dump, so they dump first and it's basically a chain reaction. This happens with just about every crypto currency, and this behavior has little to nothing to do with the coin itself. Honestly even if a coin would publish news about having the biggest scientific breakthrough in history, the same thing would still happen.

Looking at the current market price, there really isn't anything unusual, it's typical market bahavior. We have rolled out the new blockchain, the launch was as smooth as launches can be (this is also typical.. when devs mess up their launch everyone's screaming, when devs do it perfectly you hear next to nothing). The transition at the exchanges has also been very smooth. In other words, everything so far has been done perfectly. With that said, our advice to anyone who's interested in the long haul (yes, this means YOU - most impatient traders do not take the effort to read this) is to make your own judgement of the potential rather than only looking at market graphs alone. The reasoning is quite simple: where do you think this is going after we have spent a lot of time and effort to move over to a solid codebase, while having provided full transparency? Ignore the poor impatient souls and look at the bigger picture

As said, this is only the beginning. Rome wasn't built in a day. The first step is to establish a solid foundation to build off of - and the switch to SAT² is doing exactly that. We are not a coin that's interested in a quick rise and fall. We are building this up step by step with the intention of actually getting somewhere. Any coin that emerges out of nowhere and skyrockets without apparent reason, usually isn't something that's intended to last. We are quite the opposite. Our vision is that in the long run, only a handful of crypto currencies will last, and we have every intention of providing the innovation it takes to be part of that. Speaking of potential in terms of market value: can you imagine what will happen when all the money that's currently dispersed across many hundreds of altcoins would be concentrated into the select few coins that will actually last? That's exactly where our ambitions are at.

We would like to give a huge shout out to all of our supporters: thank you very much! Your support and encouraging words mean a lot to us. While we can't answer "thank you" to every individual post, just know that your words do not go unnoticed. Many people don't seem to realize that we, the developers, are also just part of the community as much as everyone else (it's not like the devs have any more incentive than the community in general). Any development that gets done does not benefit that particular developer alone, but the community as a whole. With that said: don't underestimate how valuable your support is!