So close yet it might as well be so far at the same time. Hope you reach your goal during this last phase of superstaking.
When is this "superstaking" finished? I imagine the market will be pretty saturated with coins when everyone stops staking them. 10x isn't that bad of an exit from IPO. Perfect storm?
The staking is finished in a few more days then it will return to a 5% per year. It's possible some people might want to sell some of their stake and lock in profit but I think they may have already been doing that. but if you take a look at the order books you'll see that even if every staked coin was dumped the price would barely move and looking at that last shakeout and how FAST it rebounded I imagine circ would do the same this time around. Don't forget. The bots are around the corner too.
I have been listening to some of the guys talking in the lounges and none of them have any intentions of selling anytime soon even their stake.
just my 0.02 circ.
Thanks for the info. Are you counting stake rewards or all coins that are currently staking? Looks as though 1.8 million coins are currently staking based on the blockexplorer
https://chainz.cryptoid.info/circ/#!extraction, although I might be reading that wrong. As for what the buy side can absorb, are you assuming the coins are only dumped once? Price is a bit too high for me to enter, I would consider picking up some on the retracement though. I'd like to check out the wallet and unlock some features but I don't want to risk being stuck holding a bag.
There has been video of the wallet working and you can download it for free. You may find a retracement but if the bot comes out soon and if as good as its supposed to be then the strong hands are only going to get stronger and it may even be harder to get circ. Let's not forget that a Casino and other things are still coming. I think buying now may be your last chance to enter with a fair amount of coins for under 45K. Once it hits 50, with all the redistribution that has been taking place it will be a fast ride up to 100.
But welcome to the community never the less.