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RE: An Update on Tauchain & Agoras (Exchange Listing + Interview Questions)
I will also say if the price of AGRS does dump to really cheap then I can't wait to buy it. Under $1 seems to be like a deal and if it gets to 50 cents again like it was in 2017 I would think it's undervalued because of the progress made on the code base.
At 50 cents it's cheap enough to use dollar cost averaging to buy some each week.
Well in the long term you might be right, the problem is that people, that support projects like that dont like seeing red, no matter how sure they are, for an extended period of time. Just go back to Steem at 3usd months after launch and seeing 0.07 months later....
The difference is Steem was already released as a product (beta) when this happened. Tauchain beta isn't released yet so people have some reason to hold on the roadmap rather than sell before seeing what they actually bought.
Total speculators might sell but there was a better time for speculators to do that. It's like why would a speculator choose now to sell Ethereum vs 6 months ago?
Maybe because Eth had its "moon" period and cant have any more noticeable gains outside the normal market trends?
A speculator is an opportunist and just like SMTs will make Steem have some market non specific gains in the short term imo and then a selloff before stabilization on a higher price but below ATH i assume same thing will happen with Tau once it starts trading extensively at the start.
I did some research. It will be very hard for people to sell through OKEX if they are US citizens. US citizens are specifically excluded. No reason is given by OKEX as to why because they have strict KYC even for non US citizens.I think OKEX gives non US (mostly Asian) investors and speculators a chance to buy into AGRS at cheap prices.This post turned out to be incorrect. BCEX is not the same company as OKEX.
This is both good and bad. Good because it means maybe US customers can use it but bad because the exchange is shady with almost no transparency about how it's run or who runs it or if it's regulated. It's an exchange but it doesn't seem to be the safest exchange and will like to see AGRS on more exchanges than BCEX.
BCEX does have good volume and is easily confused for OKEX.