Neither do the devs have any interest in creating value for investors (which isn't necessarily a bad thing), nor do projects using the ARK SmartBridge give the ARK token any value. (since they have their own chain / fork of ark with their own delegates, interacting with the main chain in no shape or form) I have come to the conclusion that ARK is a technologically great project, but that the ARK token in itself is not a good investment. Investing in the ARK token is imo. like investing in an open source projects: Great if you want to support it, but fucking stupid if you're expecting any kind of returns.
been feeling the same way, they did an AMA on their slack and it sounds less and less like the actual Token will have value. It seems like they're creating a great ecosystem that won't actually need Ark. I have no idea what they're even doing anymore
Jayden Sanchez
Not long. I held since the """floor""" at 30k satoshi, 2 weeks ago.
Landon Wilson
I got very nice returns recently when I got in at $2.90 and it immediately jumped to $4.50, where I got off I was thinking of putting 25% of my portfolio into this and just hodling for half a year. I got the same sense as you, thought, that it wouldn't be a mooning token. However, it feels pretty safe, due to that technology and the team running it.
By contrast I can't even hold ChainLink right now without feeling like I'm fucking gambling because at this very moment the CEO could have legged it for all I might know. Now that's a risky coin, even if it has good potential.
Connor Bennett
>However, it feels pretty safe, due to that technology and the team running it.
It's a very solid project. I just feel like it's a bad investment.
Adrian Jones
Same OP starting to feel the same way. The thing is, the team is very good, but they have so much money now that they can basically go and deliver their “dream” without needing to show any regard for the price. Whether that means no marketing, or no VM on the mainchain, or building in any incentive for the price of Ark to rise with increased adoption. Some clarity on the way they are heading would be nice given it’s what, 7 months in now and worth $400 million.
Adam Collins
same here. dumped my bags, feeling 10x better already
Alexander Edwards
they just hired a PR firm but I still don't understand what the ARK coin will be used for based on their responses around ARKVM. Why make smart contracts that don't even need ARK? What's the point of the coin if you don't need to use it?
