I should check on my orders at bitt and cryptsy
. Had about 200k worth of buy orders in on the way down. I have been having a field day selling on Poloniex and buying on Crypsty.
So far I've added ~6550 POT through arbitrage, though with current prices between the two it is no longer possible.......
Now if Crypsty would just unlock the wallet that would be great
I have thought about moving some of my coins back into polo to arb, but when they get locked up at crypsty with no timeframe on them starting the wallet backup, no bueno.
Even so, I made what I would make from many years worth of staking the total amount I have with a tiny fraction of it instead.
Cryptsy will either unlock the wallets eventually, or the coin will devalue into oblivion.
I wonder what will happen first since the devs seem to be absent?
Polo and bleu are up and running. Aside from the slow slide starting to happen that is shaking out weak hands, I don't see this coin devaluing into oblivion.
Bitt and cryptsy will have to bring their wallets online at some point, if only to let people withdraw the coins they hold. If they don't, thats a decent chunk of coin that can't be traded and can't stake, that does 2 things, it effectively reduces the supply of the coin and it increases the stake rate for the coins that are online and staking.
I am arbing pot at every chance I get, and despite my taking the devs to task for the way things have shaken out, I am in potcoin for the long haul. Its the first weedcoin and the move to POSv gives people and legal head shops a reason to hold and support the coin. With the right promotional strategy and enough boots on the ground in legalized states we could easily see millions in weed sales flow through this coin in very short order.