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Re: [ANN] {GPC} GROUPCoin POS|10M|ANDROID! 08/12/14| Decentralized Development
by
poornamelessme
on 13/08/2014, 17:34:23 UTC

Second. People have a positive reaction to announcements on this coin. Project x lifted the price slightly for a time. The whitepaper dramatically lifted the price. We need consistent news that something is being developed or worked on to inspire confidence every day, otherwise apathy will make the price languish.
Solution, no more secret projects. It may be sad to think that project x did not raise the price at all. Personally I think that the effect was that people's expectations wee unnecessariy too high and mayhave been disappointed by a simple android wallet, even though it was a good feature.
I can commit to working on a website this week and consulting with the community each day. that should be the second goal of the week.

I'm not trying to hijack the project, just simply do not want to see a great idea fail. Bosman needs help and I'm stepping up this week to try. Mothermole out

Agreed. Secret projects sound great in theory, but people will always have expectations greater than whatever that project is. People do the buy on rumor, sell on news thing, even when it doesn't make sense. But by being secret you sort of negate whatever benefit you'd get from that to begin with ... people won't buy much on rumor, because they have no idea what the real rumor is ... and they still sell on news regardless.

The idea should be to have consistent news. I don't even mean major things, but that there is continued work on the coin.

A couple of things I suggested earlier in this thread, which could help at least maintain value a little bit -- get the coin listed on coinpayments and up for voting on at least one chinese exchange (I'd choose bter). Coins used to do the MP voting/promo thing to help maintain value, but that is off the table right now. So go for a chinese exchange instead.