Post
Topic
Board Speculation (Altcoins)
Re: Syscoin Price Speculation Thread UNMODERATED
by
cwb27
on 31/08/2014, 18:48:14 UTC
OK, seriously, why would I invest in this coin?
- the value is constantly dropping and there are no perspectives for it to change
- no whale is interested in it and they explicitely stated it on Twitter
- there is 1500 sell pressure at 500 satoshi that will last forever (people who bought in pre-sale will be dropping at this price and people who are buying now will be dropping even lower)
- devs promised some kind of marketing actions when the blockchain is stable (it is now) and nothing happened
- volume has been topped by volume of coins like voot
- there is poor communication - the community doesn't know what is happening now and what can they expect later

I don't see it going below 100 anytime soon, but 600 is also impossible. Probably the price will bounce between 200 and 400 for many months. On what basis are devs thinking that the coin will succeed? Should we believe that new functions will attract investors? Those that were already launched did not. Contracts etc. are great concepts but that's not what makes investors happy - promoting those features does.

Main question: if you think that this coin will grow, what makes you think that?