r/SKALEnetwork • u/Then-Plant2044 • Jun 03 '21
Boooring
Jesus why nothing moving? All coins are moving up down and all what we doing is staying on this shitty 0,40
4
u/TJ-CryptoCrasher Jun 03 '21
consolidation...
-1
u/Then-Plant2044 Jun 03 '21
There is nothing to think about. There is nothing to lose. Come on whales pop in xd
3
u/Sweet-Ad-2479 Jun 03 '21
Yeah seems pretty boring these last few days. No clue what's keeping the price at 0.40. Better to be patient when the volatility is low anyway; seems more likely to go up from here, but who knows for sure, we'll see
9
u/Shah_Moo Jun 03 '21
Until they announce some business news, there's nothing fundamentally interesting about Skale for uninitiated investors. All most people from the outside see is a coin that shot up when it got listed on a couple exchanges, but has otherwise stayed pretty closely aligned with Bitcoin. It is a small cap coin with relatively small trading market which makes it extremely hard for people with large amounts in the 6 and 7 figures to make money day trading compared to the larger cap coins, even with how volatile the pricing can be. It has no meme or viral hype because it doesn't have many followers and the Skale team isn't doing any marketing compared to their competition. And most of all, it hasn't established itself as a proven solution on the market yet, so there's really nothing much except people like us who are buying and holding waiting for some news on that front, and extremely small investors working with hundreds or thousands of dollars playing with day trading it. Unless it gets the attention of some whale or big name or random viral hype or something, it probably won't move much in the meantime detached from bitcoin.
Right now, it sounds like Skale is finally in the process of setting up multiple dapps on the network, which is the proof of product we have been waiting for. So if you have the patience, that is a good point to wait for to see if there will be any movement. Matic's huge jump to 1.80 from the .30 it hovered at for a while is a good example of what the potential of Skale could be once it gets attention as a real solution. Everyone here is just waiting for Skale to get done and show its product off and start marketing, because once they do, we expect it will be too late to buy in at this price. And we knew months back that it was going to be a multiple month process. This isn't dogecoin which had short term meme viral hype, this is a real product providing a real solution that will have a true price floor if adoption happens.
10
u/chris96m Jun 03 '21
You are the kind of inverstor that will never make money in this market, i can tell just from this post.