Steemit's rival platform Synereo is on the horizon to launch any day now (although I could not find the exact launch date anywhere on the website), I guess after the ~~fire~~sale is over, which is after Oct 18. Now I call it a [firesale](https://en.wikipedia.org/wiki/Fire_sale) because it seems like the more AMP they are selling the more the price is decreasing: [![canvas.png](http://s17.postimg.org/jhkg4rr4v/canvas.png)](http://postimg.org/image/5nw3fpyjf/) They started the first sale round at Sept the 19th and the price started tanking rightafter. Well it is no wonder, according to the [bitcointalk thread](https://bitcointalk.org/index.php?topic=995987.msg16350217#msg16350217) 3.3 million$ worth was raised so far at 33,000 satoshi, so technically that is approximately 16487878.78 AMP which would amount to an approximate:

36% INFLATION

WTF? This is **Zimbabwe Dollar** style madness. Approximately 36% inflation in just 1 week, no thank you Sir. [![Zimbabwe_$100_trillion_2009_Obverse.jpg](http://s21.postimg.org/whxsr4c4n/Zimbabwe_100_trillion_2009_Obverse.jpg)](http://postimg.org/image/kg2ewz2w3/) This is the main and only reason why I am not buying AMP. And the funny thing is even if I would buy, why should I buy from the website itself? They are currently selling AMP at 33,000 satoshi, while the price at Poloniex is 27300 satoshi. Why would I be so foolish to buy from the website when I can buy 17% cheaper from Poloniex? So the sale will last until Oct 18, and with this inflation rate, I guess we can see prices much lower than this. Even if I were to buy, I would just wait for a 10,000 satoshi mark, or something more stable, and wait until the inflation rate shrinks, because this situation currently is not a good investment environment in my opinion. --------------------------- ***Disclaimer: The information provided on this page might be incorrect. I am not responsible if you lose money using the information on this page! This is not an investment advice, just my opinion and analysis for educational purposes.*** *Image Source: https://poloniex.com* -------------------------------------------

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