Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
jonald_fyookball
on 04/09/2015, 01:00:56 UTC
What will happen with the price I wonder if it gets on an exchange?

With low volume, nokoin team can pump the price high in hopes of attracting more
people.

My guess is all the people who lock their coins up in growth accounts end up bag-holding. New people buying in upon release will be convinced that their investment will grow that much in those time periods. What they'll fail to understand is that it's not the value of the investment that's growing, it's the number of coins that are growing. The people locking in for long-term growth accounts will also be creating a lot of the demand on the exchanges as they sink more money in.

  • 3 months, 20 %
  • 1 year, 100 %
  • 5 years, 1600%

Something like that is what the growth accounts earn.

Very few things motivate like greed. I can see a ton of people going for the 5 year accounts, and even more going for the 1 year accounts, effectively making those coins worthless. Many of the pre-sale idiots will be all over that. If people cash out early they lose all staking rewards. I'd also expect "technical difficulties" that delay people who decide to cash out of a growth account early, slowing their ability to dump them on the market.

My guess, if this is a PnD, is that it plays out mostly before the survey coins are released, so the high will be reached sometime before roughly 10/31. In other words, I'm sure they expect that both supporters and detractors have survey coins coming, and would rightfully expect that a bunch of survey coins will be immediately dumped.

Expect a ton of communication all of a sudden from the Neucoin team, seed, and angel investors upon release and throughout the 1st month.

Also, another very real possibility is that the pre-sale funds will be used to buy up the survey coins that hit the market once they're distributed, creating an illusion of demand. This might be what happens, because then we'd be looking at 4% of all of the sale-restricted stuff being available for dumping at that point in time.

I'm thinking they're not going for a .01, .05, or even .15 value...they're swinging for the fences during the 1st month.

Wait, are you saying that if people invest in these growth funds, they can't even get their principal back at all until the term is over?