Well to be completely honest this price action really doesn’t bode well with newcomers and adoption IMO. Can’t help but feel that some wealthy parties really don’t want us to succeed to gain traction.
I still think we’re just manipulated pricewise ever since instant pay beta pump. Because all our buys will as I feel always get doubled down on the selling side, someone buys 100k coins someone will instantly sell 200k coins (ish) from what I can see the past months ever since we had the initial payment beta live.
Or it’s just as simple as people from early era leaving the scene, and that block rewards are simply way high for current market.
Though rewards are drastically fading down and in a not to distant future there will probably be bigger brawls about who buys/recieves those Daily coins
If we fail a good bounce on this .786 fib line our coming weeks might be rough for alot of you.
I’m not turning against the project im still very optimistic and braceful for the longterm goals of the project and I have very good faith, but for this initial trial in SA currently I would’ve loved atleast some decent stability which would obviously be much more attractive!
VERY worth mentioning though is that we’ve been trading the USD - ETN bottom for quite some time right now which is around 0.005 -> 0.006 USD which I believe is much more valid then BTC per etn price.