Who are dumping SYS in this very low price, I really can't understand why.
Me neither, as the devs are getting closer to releasing the proper user interface for all the exciting SYS features.
Probably it was someone that needed the money out, so he sold (at a loss). At Mintpal it was one dump, at Allcoin
there was a series of smaller sales, each progressively lower. I am still holding, even considering buying more at
these low prices...
I can explain that, because I did it several times. For example you sell at 400 on a loss, invest in other coin, get 2x profit from it, rebuy Sys at 350. Now people are selling at 200, investing in other coins and planning to rebuy at 100.
They can be planning to rebuy, but they might also be crying for missing the boat when SYS suddenly takes off.
Did you see what just happened to Doge? SYS could be next.
I am not saying that Pump and Dump are a good thing - that is likely what is happening with Doge - but Sys is so
under-valued for the features that it has, it takes only one investor to see the light and start buying a handful BTC worth for the price to bounce up. Crypto is very unpredictable - only way to be sure is to not let go until it has happened, unless you do not mind missing it.
IMO, there are few coins in cryptos that are worth holding long and worth the risk. Syscoin is one of them. As the returns in a pump and dump could be laughable to what the real gains could be when these features are used by real world applications and people.
There are going to be few other coins going mainstream with Bitcoin and Litecoin adaptation takes hold, and finding those coins and holding long term is what can make the gains unbelievable today.
What most don't understand is these markets are controlled rarely by investors, but by bitcoin whales manipulating prices and pumping and dumping. Which is why investing in a GOOD coin, with vision that is trying to go mainstream like syscoin I care less what short term prices are. As long as team is working and adding value to this coin, then the prices going lowing actually is good for any real investor, as you can gain more for less.
Think longer. If you want to chase lastest pump and dump, your in wrong place here. If you wanna make early investor gains and invest in a product/team/new invovation then stick with this coin.
This coin is just over month old, look how long NXT took to make it's gains. It's pretty steady prices. WHY? It offers something of value.
Might as well buy some, put it in cold storage and forget about it for a year and come back and be surprised, as you might not even have to sell it, you can buy stuff with it.