Re: [ANN][EFL] Electronic Gulden | The Netherlands | Cryptsy - Bittrex - Bleutrade |
Unbelievable, did you know EFL is ahead of Auroracoin on coinmarketcap and number 2 countrycoin and if you include the premine almost ahead of digibyte at position 66.
EFL has thrown out all my thoughts of what will make money out the window. You just need 3 ingredients for financial success.
1. A few people own most the coins with at least one being able to bankroll it with enough funds.
2. Wait until PoW phase is almost over before starting to pump the coin as the price can be easily manipulated.
3. Start marketing the coin when the PoW phase is almost ended so the only ones dumping is the less then 5 people who own majority of the coins.
I am onboard this train to making money even if the Ponzi isn't intentional it's exactly what it will end up being.
I have seen many coins where PoW has finished but the price never went anywhere. SLG you should know being British. That coin had all the tech and PoW phase ended but price never did much.
With all it's development it did not help , the problem they had is they weren't rich enough to support the coin. They didn't have a psychoticboy on there team and if they did it would be a different case for them today.
Your points 2 and 3 can only be true if you have rich people behind the coin. This is why some coins fail and some make it even if the other coin offers more in development.
This is just the way life works.