Quote from: Snappeer on November 29, 2017, 04:26:57 PM

I told people that POWR will not raise again in the next few days, but will rather collapse down to 0.00005000 BTC, yet I was called a troll. And now? Oh wait... now it's down to exactly this price.

How did I know? Because it's the exact same F'n pattern we see for 4 years with over 1000 cryptocurrencies.

New currency comes out
Stays flat for weeks or months until the first increase, which is usually caused by a news announcement.
Price then goes up by 100% - 1000% within 72 hours, across multiple major spikes.
If after a major spike no other spike has happened within 72 hours, it will steadily decline down to 70% - 80% from its initial price before the first spike. It will then take 3,6,9 or even 12 months until another spike happens that outperforms the previous all time high.

This exact same pattern happens with every single coin.

People here in the forum are upset that it kept going down and they kept telling themselves excuses like, Power Ledger will change the world, Power Ledger is unstoppable, Power Ledger is the future of energy, and for those reasons it will go up again in just a few days.
Yes of course Power Ledger is great, if it works that is! Except they don't have a product yet.

If you're a day trader or new to trading, then stop telling yourself POWR will go up in the next few days, no matter how amazing the idea of power ledger is, it will not go up that quickly. No currency in the history of cryptocurrency has had major spikes of 100% + on weekly basis. It takes months and months.

If you invested at a higher price and now you are blocked from re-investing, then sell it. You might make a loss of 50% now, but if you invest wisely, you can make it back in a few days or weeks trading other currencies.
If you invested at a higher price and you are okay waiting 6 months or longer, then keep it. The chances are good that POWR will recover one day.

If you want to invest into POWR, then now is the time to buy. The only risk assessment you should take into consideration before investing into POWR, is that the company Power Ledger is a start up company, that is planning on changing the world with buying and selling electricity across the globe. The only problem? They don't have an actual product yet to accomplish this. It's just a vision. They are only now starting to develop their prototypes. If all goes well, they will have the first applications up and running in 12 - 24 months. All this is written on their website.

Their vision is as great as Elon Musk with Tesla, but even with Tesla they had major setbacks and years of delays. Nothing ever works according to plan. It took Teslas stick 2 years to get the first major spike in their stock value. One day, if Power Ledger succeeds, POWR might be worth $10, $100 or $1000 per unit. If you don't mind the risk and are up for long term investments, then go buy now while it's at $0.50.

Another great long term investment is Ripple XRP.
By the way, same BS happened with XRP in May when it went up to $0.40 from $0.006. Same pattern, 2 massive spikes, then nothing for 72 hours and it went back down. People who invested at $0.40 kept saying that it will go above $0.40 within just a few days and it will go to $1.00 by June. Now it's almost December and it's at $0.26.

The amount of people on this forum who are coming up with pure fiction and unrealistic goals, and are calling me a troll at the same time, is unreal.

Of course there is a tiny chance that POWR will go up to $1 again within a few days, but that chance is so small and is not based on any real data to support it, it's just hopes and dreams. Looking at all the data, it's much more likely that nothing will happen for another few months with POWR. So why give people unrealistic expectations on their investments? Is it not better to stay realistic so people who invested can make a more accurate decision?

I am giving people here real information, which is neither here to push down the price nor to raise it, it's just cold hard neutral information, based on facts and historical data. It seems however that any information that I post which does not support the idea that POWR will go up another 1000% within the next 7 days, is considered trolling.

Agree there big fella. My other argument is with all these new coins and their new ideas, none of them have any functional products yet.

Rule 1 of any successful blockchain implementation is that you need network adoption and lots of miners to do the transactions. You think miners mining new coins today will continue to mine for the next 6 months when their profitability is in minus mining that same coin, while the coin devs are developing their product. Short answer is no, most miners will move to new coins for easy blocks as it does give them higher profitability. By the time the actual product gets released there will be very little mining support behind it.

Only way you make your money in altcoins is doing day trading, and if you are into that, there are lot of coins that will make you reach but considering them for long term hold will only make you loss.

I am an Aussie and seeing my home grown startup coin I had invested in this coin as soon as I heard. But after lot of trials and errors in other coins and FUD and FOMO, I now understand the price of Power will never go beyond $1 even in long run. Why? its a utility coin, subtoken sparkz is tied to local currency. Take a look at Tether, if the coin is tied to a currency than why would anyone would pay higher than its value?

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