Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!
by
whale123
on 23/08/2014, 05:01:48 UTC
why price of SYS so bad?HuhHuh?

You have to be patient.

This is probably result of several factors:
- most people who bought for the presale price want to exit (I don't think this is smart to exit), so whenever the price reaches 500+, someone starts selling out (and we need hundreds of BTC sold over 500 satoshi price to start moving forward)
- many people are buying at 380-480 satoshi levels and they are selling out at 500 with a decent profit, because they know that sellers will surpress the price at 500+ satoshi levels, so we will have to deal with people swing trading at 380-480 satoshi - it will last for a few weeks I guess, until someone decides to buy buy wall at higher levels or something huge in PR terms happens

The price will satisfy you at some point, but it won't be days but rather weeks.