This will be my second article regarding the ever-expanding subject of crypto currencies and their dependencies on a community.
The recent “Bitcoin crash” brought on by the yearly occurring Chinese new year’s withdrawal from the market was tactically enhanced by media spreading fake news regarding bans and restrictions on buying and selling these volatile products.
There were screenshots regarding dark market rumours about several stakeholders who wanted bitcoin to fall to around 5k for their own personal gain.
We are mid crash – telegram, reddit, facebook, twitter is full of people who are scared shitless – following each other trying to get first out the door. Everyone is talking about hodl, and traders yell: “screw hodl”. You know why they do that? because they buy the dip.
This is where we see the difference between a community coin and a company coin, even backed with escrow:
The company is powerless against the masses of bulls running from the bears. Take for instance XRP – on the lowest of the dip it was 0.61$ and highest recovery was ca 1.2$ -If we measure from t!he highest it was 3.65$ - That means that on the day of the dip those who invested in the ATH had 16.7% left – if they held until 1.2$ they have 32.8% left of their ATH investment.
If we compare to one of the coins with the strongest community out there – DeepOnion: where ATH was a wooping 18.76$ – in the midst of the biggest dip was at ATL 2.88$ but shot up to 5.1$ - So a poor soul who bought at ATH was down to 15.35% of holdings left, but recovery started a lot earlier and is now sitting on a bag of 27.7% of its initial investment – from the original coins.
Here is where the special part comes in – DeepOnion is currently doing airdrops and bounties – and if you have a bitcointalk account of jr. member and above you have participated in these airdrops, that are currently growing larger and larger. So – if you participated in the airdrops and did a few tasks you might earn 5 Onions per week in addition. That means you have earned 25 Onions since you joined the airdrops at ATH.
Thus, your loss has been reduced with 125$ making this community coin with airdrops and bounties a lot safer investment in the volatile crypto world.
Soon the airdrops will end and a new era for DeepOnion has begun. Even though it was not protected by an Escrow as Ripple was during these volatile seasons of crypto sale it has handled itself extremely well. Compared to another coin without anything but hype and cryptodogs backing it : TRX – the loss was an amazing 11.9% left at ATL after ATH and now just 19% is left of that top bought bag.
If you want to learn more about what comes next for this amazing community driven coin please visit https://deeponion.org/community/ to see how it will continue to grow after the airdrops are done.
Also – a community is as good as an Escrow – if not better.