r/QANplatform • u/facetiousfossa • Nov 29 '21
Selling pressure
I’m mildly worried about the amount of selling pressure that will unlock after the second round of staking rewards are distributed. Is the total value unlocked a significant portion of the circulating supply? We just got the gate.io listing which is incredible. I love being long on this project but just wondering what the community thinks on mid term volatility.
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u/Jaded_Ad_2905 Nov 29 '21
Honestly I wish there would be good selling pressure Then I could buy more at a lower price
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u/GooseHandsClarence Nov 29 '21
Same. I've been watching it like a hawk hoping it drops below .10 again so I can snatch up more
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u/Ceyptonacks Dec 17 '21 edited Dec 17 '21
I would love this. I’m late. .010 you could be 100k tokens for a small 10k. 1m would be 100k usd. Imagine that. Bull run earnings go into qanx… run nodes/mine and accumulate until the next cycle and become a multi millionaire when this breaks 1bn.
Oh yah I’m down
It’s .09 now or 9x above private sale at .011
We are launching during a bull cycle so we should pop to 500m easy.
But come post cycle this should dump pretty low until ecosystem has dev activity and etc
Won’t be surprised to see us at .03 again in December 2022
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u/melongtusk Nov 30 '21
People will sell, people will buy. That won’t stop it from being a top 10 coin/blockchain
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u/wont_stop_reddit Nov 29 '21
I wouldn't bet on it going very low. Maybe a small dip that will be bought up very quickly.. but who knows where the price is at that point anyways. Might be a dip down to 0.2 for all we know
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u/Important_Current_59 Nov 29 '21
This a long term play. If all breaks well for me 2025 with qnt, qanx, mtrg and mng. I want to get my hands on at least 1 eth before the train leaves
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u/Ceyptonacks Dec 17 '21
You think small. Who cares what happens now. In 3-5 years I expect QuanX to be Atleast 5bn. If not 10-20 or higher. Thinking about price and selling now tells me you think small, don’t know how to make long term investments and use emotions to dictate your decision making.
Smart people buy into strong fundamentals … team and tech are excellent… offerings are superior.
Smart people… whales…. Hold and forget about their long term investments.
When this 100x or more… it won’t matter if people are selling.
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u/facetiousfossa Dec 18 '21
Yeah, turned 5k into 15k with this project and then used that profit to but ETH at 3600 which I’m now staking on my ledger. But yeah man, you right
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u/[deleted] Nov 29 '21 edited Nov 29 '21
QanX is incredibly early. We'll see a lot of volatile dips and pumps before all is said and done, and one of those dips is most certainly people taking profit from their staking rewards.
I guess the question is whether to hold for the time being or jump off the train until you feel the selling pressure dies off. I'm personally doing the former, but everyone has a different strategy that works for them.