Quote from: tazmania on March 28, 2015, 05:49:51 AM

The coin creator has set this up to be the perfect pump coin.

All coins mined in 11 days. So most people missed out. A few probably mined the most with their mining farms. Over the last couple months price didn't move much because a small group hold almost all the coin. They do some self buys / sells to make the coin look active and shake out the remaining people that they can.

Now they slowly raise the price so the profit takers can get out. Once that's done it's time to go up again.

People start buying so they don't miss out on the pump.

Then give everyone else a reason to buy and use the coin. That's the big one. Easiest way is to get the drug users that have lost bitcoins due to centralized markets.

Other coins always say, "blah and blah has such and such and we'll just add it." That's good and all but it's the users that keep coming back to buy the coin is what you want. That's why people are buying so many different coins. You buy 10 coins and hope 1 coin makes you a millionaire.

For what its worth, here is an interesting post from svojoe regarding the POW mining phase, and why it was cut short:

Quote from: svojoe on March 26, 2015, 02:35:58 AM

I was here on day two of mining, I consider myself one of only a handful of miners that are still here. The vast majority of large miners all sold ages ago for a quick profit. Being well connected and heavily involved from a hobbyist/supporter stand point I think that less than 10% of the total coins are still in the hands of the original miners including me.

The coin was launched twice and the PoW was cut short by a fair bit because some insanely powerful dark-hashrate came online on the network. It was the first time I had seen the secret proprietary asics in action. This dark hashrate I called the 'mad hasher' had 2+ times the total nethash of all other miners combined including the multipools! When this mad hasher showed up they started getting at times 60-70% of all blocks. There was a great emergency as the mad hasher would have taken nearly half the total supply. The devs quickly made the decision to cut the POW phase short to prevent the mad hasher from having to much supply. I thought it was the best way to protect the couple hundred or so actual miners who had been working hard on the coin from the start. I think it was the best option and greatly protected the distribution actually.

Me and several people combed the blockchain and eventually think we located the address used by the mad hasher, They sold the last on the second rise a couple weeks after PoW was over.

I actually think, that in typical 'good dev' fashion that SDC dev's don't have that man coins. I would actually prefer they did! Several other coins I have been heavily involved with had similar situations. Hell, Bushido of Vertcoin didn't even Mine his own coin! Several miners including myself took up a donation for him to get him a slice so if his coin took off he could at least buy a Honda civic or something haha.

I've been here since the near the beginning so I've seen how it has gone down. And that is why I am still here. The dev's (ryno, techno) specifically don't really seem to care about the markets, or PR or any of this junk I swim in. They just code.... This is why I think they don't have many SDC, Extremely easy tweaks and a few extra announcements all along this path could have us sitting on a much higher market cap. Instead... they just code....