Quote from: kazoubg1 on January 26, 2018, 04:19:51 PM

Quote from: devildogg on January 26, 2018, 03:36:24 PM

Quote from: marilyn4325 on January 26, 2018, 02:46:55 PM

Quote from: kazoubg1 on January 26, 2018, 12:39:44 PM

I do not like its current price. it returns to the ICO price. So what's the problem here?

I think not many people are using or trust decentralized exchanges like EtherDelta, which causes low volume and some people might want to get out fast for some profit. But when comparing the market cap with other altcoins, it could go up a lot in a few months, like 5x ICO or more, depending on the news about it, like when they release their app etc.

Few major reasons i know of:

1. Major drop took place along with many altcoins being dropped due to Bitcoin features having expired.. Like it or not, big B impacts all cryptos.
2. Pathetic people do dump, being happy that they made their 20%-100% return.. Whatever..
3. As of right now CRPT is being mostly traded on P2P minor exchanges with very low volumes: can't judge the value by such low average trading volumes: the moment CRPT will hit major exchnage, like Binance - x5-x10. After that some more people will cash out, so it would drop again. Then sometime by summer their app will go live, and CRPT will go x20-x50 compared to ICO pricing. This is where I will consider selling SOME

I like your way of thinking. It is almost true in the present state. Too many people go back immediately after the ICO.

The price drop, mostly because of the dev team has a very bad support to its investors,.. that is the biggest problem with this CRPT, if they don't change their way about how to handle and serve their investors , don't hope this project will success.

Reinz

Posts

Merits