Quote from: cryptopathshala on January 04, 2018, 04:23:03 AM

Quote from: Drags007 on January 03, 2018, 04:51:01 PM

Someone is trying to move 1 Billion coins. http://xryexplorer.info/#

Why you should stop buying and sell XRY right now

We are a group of blockchain volunteers who are educating users about potential risk wherever its misleading to fellow crypto investors to improve overall experience about crypto industry.

So, Just look at this project as we see innocent people are falling in a trap by watching its low price. Let us explain why we feel is you are paying too much for this coin.

First, thought coinmarketcap do not show current supply, but if you check their block explorer, you get to know supply is 18,450,415,378.40 XRY
Which is 18.45 Billion.

If you multiply supply with current price: 18450415378.40 *$0.001732 = $31,956,119

So essentially you are buying this coin at 31 million marketcap, now ask yourself, this coin always have 0 marketcap data because insufficient details on coinmarketcap. It was never in 1-2 million marketcap coin.

You are buying too expensive coin, its a trap based upon human psycology to buy low price coins and many people dont know this calculation.

No sane crypto person will tell you to buy a coin with only 11 pages on bitcoin forum in these many months to buy at 31 million marketcap.

It will be soon back to 1 satoshi, if you act fast you will save your money if not blame yourself for your half based knowledge.

Why no one will mine this coin and no one should

Current block reward for XRY is 0.1000 , so if you mine with 6 GPU rig which can give you 6 XRY a day. So current earning per day per rig will be : 6*0.001732=$0.010392
So now to make it mining profitable it needs to go to $1.5 per XRY, and for which this needs to get 24 Billion Marketcap. Which is impossible as it would need this to go to 6th price, above NEM.

Now, understand there will be few accounts , mostly new account, try to convince you that it will go up. But use your mind, show this analysis to person whom you trust in crypto and sell as fast as you can.

Once you save yourself or even you were late to sell, you will already have a learning from this and you will do better in future investments.
We are always open for your well being and guidance. You can join us on instagram and twitter with accounts as same name.

We were right on time to reveal to save you guys, anyone want to give some merits to this so that we can continue helping people

cryptopathshala

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