I joined embercoin in early september because of twitter hype that was created during this time. I bought my first ember at price of 15 sats (30/8)... i bought about 800.000 coins just to see that wasn't enough for staking, so i bought 1.5m at 10 sats (31/8) and one week later 4m at 8 sats (6/9). So, i can say that i bought at the worst moment because from this time until today ember goes down and now has been stabilized at the price of 2-4 sats.
Spending time in the discord channel i understood that the hype was created mainly because of the new dev team but the price was reduced after this because people was afraid of the hyperinflation, the roi (7200%) of the coin was creating. So now i was scared too and i decided to search if this coin has real possibilities or i should sell as fast as possible.
Firstly, i talked with the devs and i show long term vision for the coin, if i can split this long term plan in 3 sections it would be like this
- "stability" , the devs wanted to stop the too big roi and establish a smaller one, which would not breed the fear of hyperinflation,would bring stability to the price and enable a future rise of it. 2) "better environment for invstement" , after the stability the devs seem to want to make changes like the remote staking, masternodes, surrogate coins and end to end encryption that will make the coin a more safe and accesible envirmonment for inmestment. 3) "Ember THE pos coin" with all the previous changes and many more like finding a use for the coin the devs dont want ember to be just a good pos coin but it seems to me that they want to make it THE pos coin and an environment of many innovations in the pos market.
Secondly, i talked with many famous twitters that trade generally cryptos and some that trade only pos coins , the fact that i learned ember from some of them made me trust them maybe more. Here i show 4 things:
- i show that many more twitters had now ember than in early september that was by itself a very good think.
2)all the twitters i asked were going to hold ember long term (at least until masternodes were implemented) and that shows great trust from someone that has already earned X3-10 times his money (many have invested when it was at1-2 sats)
3)all of them believed that ember after a dump of the short term holders after 1 November will reach a price of at least 20 sats, many talked for a lot more (even 100sats)
4)the most of them thinked of ember long term in the zone of 100 sats without taking in account the possibility of a use for the coin which propably would put the coin in the zone of ((1.000-10.000sats)mine estimation)
Last but not least i tried to participate in this huge effort of making this coin greater, because after all the new information i was strongly believing in this coin. So with other people we tried to create a marketing team to promote the coin. In about 1-2 weeks we had
1)a new very active facebook page
2)one short teaser video for ember (not published yet)
3)one long promoting video for ember (not published yet)
4)the whitepaper ready (not published yet)
5)the subreddit page back to life
6)many more to come
In conlusion, i see a coin that many that have it don't understand what they are holding and those who haven't invested yet from ignorance or from fear are losing a big and rare opportunity.