Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
smooth
on 29/11/2015, 00:14:31 UTC
My prediction.

As long as the Just-Dice site remains successful and popular and continues to use CLAMs, the price will recover quickly. The lower price means that people will gamble larger numbers of CLAMs (this is already somewhat apparent on the site stats), which means it will be profitable to buy CLAMs for the purpose of putting them in the bankroll to back that higher volume of play. Ultimately most of the active supply will find its way into the bankroll, as it has before.

I expect the price to recover to around 0.002-0.003 before long, which is a 100-200% return from the current price. This opportunity won't be lost on investors. Capital will flow in, absorb the digger's coins (if he even chooses to sell them here -- I wouldn't) and then it will be business as usual, including pushing for more adoption and decentralization of CLAMs beyond JD which can take the price sustainably beyond the 0.003 level.

There is no need to panic, no need to start gutting the USP of the coin, nor running petitions to gut the USP of the coin. Just relax and focus on adoption. The price will take care of itself. If you are in a position to invest here, consider my previous paragraph carefully.

Obviously do your own research, understand risks, and don't invest based on what some idiot on an Internet forum wrote.

Nothing fundamental has changed about CLAMs. It's going now the same place it was going before, the rate it was getting there has just been accelerated.

Somewhat agree. Unfortunately what did change is that the episode revealed that many in this community, including unfortunately the lead developers, are not committed to the unique attributes of the coin and willing to throw all that under the bus as soon as people start crying about the price. That is a fundamental negative. Ideally they would walk some of that back, but even so the damage is done.