Hello everyone,
It has been a few weeks since I last made a post on these forums. Everything seems to be headed in the right direction as usual. I was one of the fortunate people to mine XC, and I am still holding every bit of my mining proceeds, plus a few more. I always said I was 100% a Long Term Investor in XCurrency.
I have dabbled in the crypto currency world for about 1 year. I have noticed that XCurrency is the first to release trustless 100% anon without block chain bloat. With even more features to be released that will make XCurrency bulletproof. Anon transactions are just being a small part of what XCurrency is about. With that said I am baffled by the insanely low price of XC. It appears that every time the devs release a new update with groundbreaking tech that no other coins can offer: the price of XC drops. For me it is a good thing because I am able to purchase more XC knowing my ROI is going to be rediculously high, but I am more concerned for the new investors who may not see the big picture, whom may lack the pateinces and have been contioned into thinking that all coins are just for pump and dump. There are a few bag holders in XC that could have cashed out many times, and walked away with many thousand of dollars, but they are holding, because they know patience is a virture that will pay handsomely in the end.
That's a good point you made. Unfortunately, the altcoin world is highly distracted with short term profits. There are many coins being launched weekly. Traders are looking to profit on these so called news 'waves' regardless of coins actually having the tech or not. The markets react to these news quite strongly also. I know this because I trade to make quick bucks. The price of coins is also an important factor. The more expensive it is the higher the risk for traders and also little profits....
So they pump cheap coins, make a cut (double invested, I made 6 btc within 3 days) and go to the next cheap coin. Its a good tactic and it works. Currently, XC is traded on these exchanges. You have to give it something totally out of this world to pump the price. Proof of blockchain is my pic. That not many even know of atm.
The bag holders in XC know that when this coin hits mainstream a price equivalent to DRK is nothing. XC will get there in due time. In fact, I believe, it will do better. $30 for a coin is nothing. And if it gets recognition from mainstream bitcoin users XC could be a niche market for the elite consumer because of its limited supply and functionality.
Either way. I can't wait for the marketing campaign to start, and proof of blockchain to be implemeted; this is something that could take XC beyond another crypto. It's essentially a link to every other crypto in existence but a validator...an auditor. That's huge!