FineCoin is a staking platform.
I invested in it just after the Ico heard about it late so ended up buying in at a higher price
Its been running for a few months and personally I haven't had any problems with it other than the first time I used the internal exchange I sold at a lower price than I should have so had to watch a video to see how it works and I have been fine(FINE get it) ever since.
The price has been low as has every other coin and people are desperate for it to get on an external exchange. Personally I'm not if anyone wants to invest they can do by registering and using the internal exchange.
Looking at past coins when a coin hits an external exchange it will rocket for a day or two and then nothing. Im holding the coin long term so not bothered about going on external exchange just yet.
I don't go on many of the telegram groups because they are a waste of time generally you have 2 questions What's the price? When we going on external exchange? Also loads of random memes that mean nothing to nobody.
I went on the chat last week because the price had doubled so was interested to see what the news was. There was no news other than investors working together for the success of the coin, awesome.
They have noticed that people are selling there coins at below market price hence pushing the price down.
Why? Million dollar question
1/ Retards that don't know how the platform works
2/ Just dumping coins for personal reasons
3/ Other platforms manipulating the price
It could be all of the above or none nobody knows, so how to counter it?
They are basically getting paid out in crypto then buying up the Finecoins as opposed to getting paid out in Finecoins. This helps create more orders for buying as opposed to selling so keeps the price of Fine stable and eventually should make the price rise. Personally I have been doing this from the beginning as I thought everyone else was trying to pick up cheap coins like I said not really into the chat so never mind.
I think this shows how great a community can be if it works together for a common goal and massive credit should be given to each and everyone of them trying to help the project rather than just moaning. This is an initiative taken amongst the group nothing to do with the platform or the Dev group. They obviously have there own money invested and realise only they can do something to make it better and hence make money. I wish more people and groups were like this but hey that's life.
I would highly recommend everyone to check out the group whether you are invested or not.
I was always keen on the project from the start and am even more so now knowing that people are in it for the long run and actually care. Personally I am going to be putting more money in as the coins are still cheap and I could see some good returns.
Keep up the good work guys and girls
Thank You
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