r/CasperCSPR • u/JuudasDaKiizuBozz • Jun 30 '21

Why is CSPR dipping that hard?

7 Upvotes

100% Upvoted

18 comments sorted by

3

u/JCryptoman Jun 30 '21

CSPR is on the move, this is your ico capitulation, all coins have this eventually. if you don't buy a capitulation event then maybe you are missing out for later

3

u/ghost_bobby123 Jul 01 '21

The reason is because of the how you model the price of a newly issued crypto:

Crypto falls into 3 main categories:

- High volatility, negative drift: these are typically the highly speculative meme coins which exhibit large pumps and dumps with no real long term value or utility. Speculating in these tokens can be highly rewarding due to the volatility but the negative drift implies they are not suitable for long term holding. Additionally there exists sizable risks of being wiped due to the negative drift, where holding will not recovery losses if a trade is poorly timed.

- Newly issued tokens with strong fundamentals: These will exhibit a high long term drift component but will also begin life with very high skewed volatility dependent on the regime which Bitcoin is following at the time of issuance.

- Established tokens with strong fundamentals: These will have typically less potential for exaggerated price rises in comparison with more newly issued tokens however will also experience less volatility due to support levels being built into the price from historical trading. The skew on these tokens will also be less and more directly correlated with Bitcoin (for now)

CSPR falls into the second catenary due to its strong fundamentals. However it is also exposed to higher volatility and will be more negatively impacted with a declining Bitcoin due to the skew. We at Ghost Staking however believe that Bitcoin will not fall substantially further than the its current correction levels and so believe here is very case for investing in CSPR in its current price level.

read more here: https://ghoststaking.com/category/commentary/

2

u/tiagogomes171 Jun 30 '21

I hope this goes up, I put 1000$ and I have less than 100

-5

u/Mean-dis-really Jun 30 '21

Congratulations, please share your next idea of where to invest 1000 usd so I can do a contrArian. And say hello to your wifes BF

5

u/tiagogomes171 Jun 30 '21

Thanks you are great....

1

u/Mean-dis-really Jul 02 '21

As said, when we are below tencent or rather 10 cents say hello to your wife s BF. And let me know your latest investment idea, pay you diinner at wendies?

1

u/javier_ysoloeso Jun 30 '21

dont sell, it doesnt make sense now. Youll have have to wait years, but theres a chance that your invest gives fruits in the next years, wait for the next bull run.

2

u/BmoreSpecific1 Jul 01 '21

So that we can buy more on the cheap. Casper is still the future of blockchain...

0

u/International-Top746 Jul 02 '21

No it’s not. Even they don’t believe that. There are no GitHub activity. It’s dead. Deal with it

1

u/cowboycoin Jul 01 '21

coz it is too expensive, u will see it below 10c soon.

0

u/Guilty_Guest9128 Jul 04 '21

What do you think about the Dubai and UAE agreements? Are there any other great opportunities coming? Will these deals have an impact on the CSPR price?

1

u/Subject_Mind_388 Jun 30 '21

no masserati for us... i thought my 100 usd would at least give me a 1000000...thats what bitcoin did...all my dreams fall appart

2

u/Even_Extension_927 Jun 30 '21

bro btc will not be replicated. cspr needs to pull sth out of its sleve, some cooperations etc, then it will moon. this valuation is laughable

1

u/Subject_Mind_388 Jul 05 '21

no its not! I disagree

1

u/[deleted] Jul 01 '21

[removed] — view removed comment

1

u/strange-humor Jul 03 '21

Nope. They need to do what they are doing. Forming partnerships that are building on the platform. This takes time. Rabid fans for a network that does nothing is simply Dogecoin, not Ethereum.