Dear Firo Community,
Regarding discussion in Firo Trading group in Telegram, i make this thread.
I would like straight to the point.
As an investor, We are worried about Firo Price. We broke all of our support in Technical Analysis even though our Fundamental does amazing.
It surely majority of people don’t see privacy coins as it should be now.
However, there is not all the truth. For the past 2 years, it is as if we don’t grow at all in price! Just compare our prices today to 2 years ago when the bull market started. It is as Firo is just a pump and dump coins. And people who hold it for a long time is just losing hope in Firo.
This is a bad situation. Because To be truth, losing money is hard. People losing money, community losing money. If people are losing money, they would leave. And they will talk about it. It could be a really bad marketing. “Hey, i lose money on this project, do you really want to go for it?”. Sad. But it is real. And it could be a snowball effect which holds our grow for this entire time.
So for that, I do hope we find a solution.
From the discussion in Telegram thread, i wrap up two things that could be our solution
- We do like what Flux parallel assets does
- We redenominate like
XEC 1:1000000 From 21 Million to 21 Trillion
RVN 1:1000 From 21 Million to 21 Billion
The two of it does an amazing growth in terms of price and marketcap.
- Flux from 0.1$ to 2.x$ today (2000% up)
- XEC from 0.000015$ to 0.0003$(ATH) (2000% up)
RVN from 0.015$ to 0.4$(ATH) (2000% up)
Reason of two of this model
- Flux can attracts Investor, VC, and others with their parallel assets models. Hence price up.
- “Ravencoin increased the coin cap from 21 million to 21 billion. This change is merely psychological (because you can divide cryptocurrency into ever smaller and smaller pieces), but it seems to be catching on.” Example of this coins are XEC, RVN. Other with the same principal coins is HOT, SHIB which have a good run last year. They broke the market with their smaller pieces. And it works. Hence price up.
Please kindly avoid talking about tech in here. Because as we know, we already in a very good state in our tech. And i believe we are a top tier in privacy tech. However, our price is sad.
I would like communities to think about our price seriously whether to choose between these two options. Because if we do as we always did for this past 2 years, it doesn’t work. I am not talking about tech, but price. Price indeed matters. Price can make us a bigger community, Price can make a good marketing, Price can attract people, Price can give us attention in crypto space and media, etc. If you say price doesn’t matter, i don’t know what to say to you.
Please kindly remember our time is short, We don’t know how long this bull market last. We really don’t want our price is like a pump and dump coins. We want a steady grows price up. We want our community to grow. We want Firo to success!!!
I just hope, before everything goes too late, we have to take an action. This is my 2 cents as a small fish in firo.
If i want to quote something, i will take this person quote who said this in Telegram and Redenomination Thread :
“The main thing I guess is how to make Firo survive, success and holders finally get rewarded. It really seems like anyone involved has been thru hell and back.”
“Increasing the total market cap should be one of the main goals. It is the cheapest marketing to bring more people to the community.
Also, a bigger market cap is better for privacy. which is one of the main features of firo.”
Similar thread : Redenomination Thread :