Quote from: abonarea on December 07, 2017, 07:04:22 PM

Powr token is already started to recover against Bitcoin even in fiat the decline is not big to be scared. Once everywhere will be green in market working projects in real life will be big gainer and winner. Powerledger team is working on expansion that will back the token always.

Not sure what stats you are reading, but POWR is now officially lower than what it was before they were added to exchange markets like Bittrex, Binance and Cryptopia.
POWR completely crashed. On Bittrex POWR just hit an all time low. Down by almost 80% in just 2 weeks. This is single handedly the worst crash of a serious cryptocurrency in 2017 (serious = currencies with market caps above $100 million).

Even though I was one of the most conservative people here in the forum, predicting it will go lower and lower, I have to admit, going as low as it currently is, I would not have assumed so fast.

Even worse, POWR was traded by most people in exchange for Bitcoin, rather than USD. During 19-23rd November when POWR boomed, Bitoin was at $8000. Now it's at $16,000. It's safe to say, that for as long as Bitcoin is that high, POWR will keep falling. Because of the high Bitcoin, POWR now needs to double it's value of the original all time high, just so we get even again.

I myself invested into POWR as well. I kept trading for 4 days during the boom, made 35% per day until it fell. My last investment was 0.25 BTC into POWR at 0.00010100 BTC per POWR unit. Now it's at at 0.00003100 BTC

Now POWR faces an additional challenge. Before it was just that they needed to create their product, and they needed to gain media attention, but now to recover, BTC has to drop.
We have some rough times ahead of us.

Snappeer

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