Josh Bare
Josh Bare
Jul 10, 2017 · 1 min read

Thanks for the update.

In many ways, for PAY to be somewhat holding up despite the massive downward pressure of up to 104M coins being sold and only one exchange (hint: open more very soon, please!) available to accommodate them, this isn’t as bad as people might think.

We have to find an equilibrium, and the only way to do that is to burn through all the sellers who still have quite a big wad left to blow.

With only one exchange for sellers to come to, expect this downward pressure to continue for several more days, and possibly weeks as the remaining sellers will wait until the price heads north — only to kill it again as they unload.

This is going to have to run its course. I hope the price stays above 0.10 before that happens.

Did I mention they need to open up more exchanges and sooner rather than later? If these DApps are truly decentralized, then we actually have a say in this as well for a change. Time to speak up!

(great team, great idea, always exceeding benchmarks and timelines, will add legitimacy to cryptos, will be using this for my ecom companies asap — excellent, excellent long term play. love everything about tenx.)

    Josh Bare

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    Josh Bare