A case against POWR

And let's not forget that confirmed partnership with a certain MASSIVE tech company in India, and the Thailand announcement happening in a couple of days.

Stay out of Powr. You deserve no gains. 8x is chump change when you could have had 40x. Clearly you lack mathematical common sense you tool.

twitter.com/lambolydia

You are a good user, need move of you around these days, I to jumped off powr and awaiting to buy back in

my 2 cents worth: never underestimate the nationalistic tendencies of the bloody Aussies - normie blokes (and shelias) will buy into this way before your WTC and NEO chink scams

Aussie here. Agreed on all accounts. I participated in the pre-sale and was one of the first members of the telegram group.

I see its potential mainly because I work for a market participant in the AEMO.

This is indeed, a long-term hold, akin to owning a stock of a mining company that has a few trial mines in operations, but are trying to scale up by holding fund-raising activities.

I'm not selling my tokens though. I entered at 8, 30, 59, 64. I wanna own this bad bitch all the way.

>I sold ANS at $3 look at muh 8x gains

People are already cashing out of POWR to get into HST that will skyrocket in 1-2 weeks.

HST is also Australian. The second ICO from Aussie after POWR. I mean, just look at the cmc, 86% gain today.

That's how you make money, mates. Jumping from one rocket ship to another, not by staying in the same coin for months.

lololol trash coin getting pumped and dumped by the shill retards who have been desperately trying for the past few days... good luck getting out... you'll need it

Youre a woman, your opinion is invalid. Now go make me a sammich

Fuck you ya cunt. I'm not selling you my mommy bucks.

what about them not going into beta until Q418?

>trash coin
>pumped and dumped by the shill retards

Kek you can deny the fact, but you can't keep it from happening.

Are you new in crypto, kid? Just look at all the moon missions before POWR: NEO, OMG, WTC etc.

No coin can keep pumping, there will come the time for it to be stagnant and eventually dips because people are getting out in search for the next moon mission.

And HST is the next moon mission, whether you like it or not.

god Veeky Forums is full of salty retards who really don't like making money. You guys will sell your right nut to buy some stupid coin and post about it all day but when a legit project comes around you guys tell everyone to run away like it's some sort of scam. 'omggg it went up to 60 cents in 3 weeks guys this isn't right i know this is crypto and all and coins can go up hundreds of dollars a day but this just doesn't feel right' fuck off idiots

Pointing out Jemma Green not being Lord Mayor was simply a refutation of a point used to shill POWR all over Veeky Forums.

Government grant to a project POWR is a part of =/= Government backed. The funding comes from the Government's Smart Cities plan. See: cities.dpmc.gov.au/smart-cities-plan

The Smart Grid? My understanding was this was a project headed by Curtin University, which will utilise POWR as a means of transaction, nothing more. See: medium.com/power-ledger/australian-government-awards-grant-to-8-million-project-in-the-city-of-fremantle-using-the-power-2dbadfad50ae

My point entirely that was bar these announcements upcoming, it has no legs until Q4 2018 with the exception of more potential partners.

Best of luck friends, God bless.

I agree on HST but comparing POWR to all that chink shit? lol come on

someone smart in biz finally

>Government grant to a project POWR is a part of =/= Government backed

LMAO WRONG

I got a question though. What do you mean when you say fundamentals? How will a token holder benefit from Power Ledger even getting revenues from said projects?

It's not like we will get dividends as POWR holders, am I right, since that would constitute a security on a company and not an "Right to Access Services" kind of token which POWR is.

In my perspective, people buy tokens now, in the hopes that in the future, once the projects are implemented, we can use our tokens to actually BUY power ledger services, such as asset ownership of Solar PV plants, or SELL these tokens to retailers like Origin, AGL and Energy Australia (or even freaking Dodo), since they need the tokens to purchase licenses to Power Ledger's software

I'm not comparing POWR to those chink coins, per se.

My point is: no coin can keep pumping non-stop. There will be a point of stagnation and the eventual dip. It's like a pattern in the crypto market.

How so? As I understand it, the Government allocate the 2m from their Smart Cities planning. The project is headed by Curtin University, that has opted to use POWR as a token of exchange (Jemma Green was a Curtin fellow). There is no explicit backing of POWR from the Government, no? Unless I've missed something, happy to redact that

>give someone money
>haha just kidding we don't think what you're doing is good nor do we back you but here's free money

Like...what even

baka.com.au/business/the-economy/turnbull-government-invests-in-cryptocurrencybased-company-for-the-first-time-20171121-gzplb4.html you are welcome kiddos

>The additional $5.68 million is provided by project partners, not the Government.
Of those 5 companies, 3 of them (Murdoch Uni, Curtin Uni, CSIRO) are Government owned.

You're a brainlet.

Good question - when I put that I didn't see this price rise on the basis of the fundamentals I was more so discrediting this pump as something of hype and FOMO, and had little based on the actual project. I wasn't referring to anything in particular regarding POWR's actual "fundamentals". I agree with your perspective there about the use of POWR

Curtin University is owned by the Western Australian Government.
Murdoch University is owned by the Western Australian Government
CSIRO is owned by the Australian Government.
Cisco is a multi billion dollar, multi national company.

power shit is scam, just hype mechine, no substance. confido on in diffrent way. get ready

lel look at this new sell order

>t. POWERless

Power had a disastrous AMA on plebit where their outstanding lawsuits and past scam shenanigans where brought up and never answered. About a month ago, which is why I was surprised so many people are bullish.

Same feeling s exactly. Loss aversion > gains

the beta for Q4 2018 is for autonomous asset management for the Asset germination events in Q3 2018, also beta test for neo retailer and carbon trading applications.
The CURRENT TESTING is the main sell at the moment and moon material

>Q4 2018
This is such a big deal and I can't believe people buying now expect this hype to last until this time next year. Cannot over estimate the lack of patience in investors here.

Just put half my POWR into BTC at 8480 sats
I had to have some stability, this ride is too crazy?
What is happening?

I will add that the room for growth is pretty low. Max of 4x and that is with a LOT of luck...

There are already 349,949,260 circulating....

Smart grid will be operational in Fremantle, Perth, in 3 weeks. Can you literally not read?

I'm not say your statements are totally incorrect, I'm saying your "refutations" are fucking dumb and irrelevant. A government grant means to government supports your idea. Stop playing semantics you fucking idiot. Stay poor I'm sure there's a confido 2.0 that would love to take your money.

The truth is that you anit-powr idiots are frightened and confused- there has NEVER BEEN a crypto currency this solid that is already operational. You don't know what you're dealing with which is why you hesitate. It's always been "muh working product in 10 months" or "muh development phase"

NO. Powr is operational out the gate, partnered with BILLION dollar companies like Origin and Tech Mahindra.

There's no convincing you idiots is there? Turning away gains that are virtually guaranteed, how silly.

twitter.com/lambolydia

Why is a token supposed to increase in value? Why would a utility service like such volatile prices?

Can you imagine your electricity bill being based off hype?

This is A+ fud if it is, but I believe you. I'm holding and a little scared. I jumped out of the BTC pump at 1.3K because I couldn't handle it so now I want to ride this bitch.

BCH*

Q4 2017
APPLICATION DEVELOPMENT
The first Applications to be in beta testing after the Token Sale will be the Microgrid /
Embedded Network Operator/Strata and the Electric Vehicle Trading Applications.

2.3 MICROGRID/EMBEDDED NETWORK OPERATOR/STRATA
This type of Platform Application enables electricity metering, big data
acquisition, rapid micro-transactions, and grid management at an
unprecedented granular scale. Trading in embedded networks breaks the
nexus between generation ownership and energy consumption, meaning value
can be derived from an investment in DER even if the investor is absent or
doesn’t consume all the energy they generate.

Im dumping when powr hits 10$

...

Same, I popped out early af in that run. Couldn't believe what I was watching when people bought at %200

Yeah, it was tough to watch but i'd probably do it again. Better than the poor bastards who bought the peak.

Not trying to FUD mate, just airing my thoughts. I am a genuine supporter of this coin, but for me I had to hop off. It may well be off to the moon again based on the coming announcements. But I don't see it staying up for too much longer after.
All the best friend, hope you make some money here.

OP that is a rational analysis. but remember that the crypto market is irrational. don't underestimate the power of greed. only when fear outweighs greed will the coin crash

You have a top prediction? I appreciate it, I've thought the same shit

so, what you are saying is.. now that you cashed out.. you don't want it to go up..

speculation built into this system, and it garnered you a nice 8000% gain.. congrats!

it's going to correct at some point, but revolutionary tech at the right time gets priced in fast.. this might not stop until $5.

if you believe in the project long, should have just HODL'd and forgotten about it.

Would 10k bitcoins now be 80 millions? holy fuck

.. i want it to go up because I just dropped another .5 BTC on top.. i think the news cycles will push this thing much higher.. there is more need for this project than I think they even realized... india.. thailand.. damn what's next? they are first movers in a revolutionary segue disrupting an industry that is a joke.. i hope it goes to $100 just to bring attention to the innovation (it won't just sayin').

I think a 1 billion valuation is where it will go.. then correct back slowly perhaps.. but who the fuck knows. i'm on for the duration.

tfw bitcoin crash over next hour and the guy sell his 153k POWR for peanuts

this

lets not forget POWR has a year and a half.

it was fear and greed that got OP to jump off the train (if he did).. more likely, he wants it to drop so he can buy back in.

this is right place, right time in history.. be a part of it.. sell off half and ride the rest.. not that complicated!

is that what you said when you jumped off OMG at $1.50

Powr 1$aus?

yep

...