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Author Topic: About the price  (Read 1607 times)

Online Freemind

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About the price
« on: April 12, 2022, 05:26:21 PM »
Q: Can you explain a little bit about price history, and why one might consider backing Beyond Protocol?

A: Beyond Protocol has been on the market for a very short period of time — we haven't hit our four month anniversary yet — and the price has nearly exclusively moved around two unanticipated events not tied to the fundamentals of the project: i. a social engineering exploit where a bad actor seized and dumped Beyond Protocol tokens ii. an unlock to pre-salers which happened without the support of our tier-1 market maker and launch on a tier-1 exchange as planned (the exchange listing was delayed and the market maker was unable to provided support on the smaller footprint of exchanges BP listed on).

There are severals reasons to believe a more normative price will be realized overtime:

 - The vast majority of the community is holding/staking their tokens; they are hold-term holders

 - Beyond Protocol will list on several tier 1 exchanges in the short term with the support of WinterMute, its tier 1 market making partner, who is also an investor

 - At mainnet, Beyond Protocol will facilitate transactions between a huge array of IOT devices, allowing them to communicate securely and cross-silo for the time

We are in the early innings of the first phase of the project.

Don't get discouraged by the magnitude of price action — in our space, it is not uncommon for even bluechip, entrenched projects to see significant price action (see Example A below; Bitcoin loses 99 percent, 83 percent, etc.). The same of course holds true for the broader markets (see Example B below; Amazon from $113 to $6). We are focussed on building an enduring foundation on strong fundamentals, and we are confident normative value will be achieved.

Example A: https://www.yahoo.com/now/7-biggest-bitcoin-crashes-history-180038282.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAABgkNeshXWTxLvHTuN9BUa5W20YMX2TM5cpFr5rqQ2GKV_cczed0zK-FLcs2byiLoarzpFWSJenLfa4c-KxoFGlK2um75gyz0HdycNmjLkcIwTp3t1QORxUJ3G-cxxAcO7BNd7MAZTK8TLhm9LWP_x5WFniFtAfyB12LU3JO_W24

Example B: https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.instagram.com%2Freel%2FCUiwKhtDA0d%2F&h=AT33FMvxsYMKbma4Bvm-zncv_DfcIddnDMpIDD78_V_DE82bX0oXN5CmKFJye7ZypjrvuygrUcwyjwmTZ5FX3qKpe0LGOzQwwTnq4iM27exX8JqaYpUsKExFuJ6ssDR_W0NRN5Zu9o8DTxE&s=1
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About the price
« on: April 12, 2022, 05:26:21 PM »

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Offline hasyurt

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Re: About the price
« Reply #1 on: May 04, 2022, 03:41:30 PM »
I received a reward for 50 signatures, and I sold this award on the bitmart exchange for a total of 1500 dollars. Whatever happened, it was hacked afterwards, and for now, 50 BP is not even worth 1 dollar. I really don't understand what happened to pull back so much. The coin was almost garbage.

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Re: About the price
« Reply #2 on: May 04, 2022, 05:10:15 PM »
I received a reward for 50 signatures, and I sold this award on the bitmart exchange for a total of 1500 dollars. Whatever happened, it was hacked afterwards, and for now, 50 BP is not even worth 1 dollar. I really don't understand what happened to pull back so much. The coin was almost garbage.

Calling a project trash that you don't even know what it is about or what it offers, and the simple fact that you only care about the price, I'm glad you sold your tokens. I'm not going to explain what happened because I've already done it several times, if you don't want to read it, it's not my problem.
« Last Edit: May 04, 2022, 05:39:33 PM by Freemind »
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Re: About the price
« Reply #3 on: October 13, 2022, 11:31:03 PM »
I received a reward for 50 signatures, and I sold this award on the bitmart exchange for a total of 1500 dollars.
You are lucky. I even didn't sell a single of my BP.

The coin was almost garbage.
Considering the investor's point of view, your statement isn't wrong. Just imagine what happens with the investors' feelings now. They bought BP when the price was around $50 and now it is $0,02. I am also speechless to see how huge the drop in BP price is. I still can't believe it for sure!!

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Re: About the price
« Reply #4 on: November 04, 2022, 09:38:40 AM »
Considering the investor's point of view, your statement isn't wrong. Just imagine what happens with the investors' feelings now. They bought BP when the price was around $50 and now it is $0,02. I am also speechless to see how huge the drop in BP price is. I still can't believe it for sure!!

The reasons why the price has dropped so much have already been explained several times. From what I see, you and I have a very different perception of what an investor is. An investor invests his time before investing his money, in this way many possible problems and unpleasant surprises are minimized, and even then, problems can always arise. Buying at $50 to try to sell the next day at $200 is not being an investor, it is being a speculator, and speculators do not invest their time before investing their money. Personally, I did not buy tokens on TGE, I waited several weeks to buy, staking and accumulation works for me now.

I understand how people who have bought at high prices feel, but the economic value is something that will grow again as the project develops. As I always say, when the project is really innovative, patience pays.
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MIXERO.IO
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MIX.NOW
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