Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active
I know but will you avoid to have again these pump & dump:
With so much change in PoS it's gonna be unstable, it is already a bit unstable
What you're referring to are market forces that are beyond our control. I could explain each bump on that chart but there was never a deliberate attempt to create a pump and dump here. Quite contrary we have actively supported price regulation through placing sell orders to prevent pumping trend. Pumps are bad they spoil our commitment to organic growth in value and price stability.
Reduction in coin output will not translate into immediate sharp rise in price per coin. This has been proven in the past with previous PoW reward reduction. It will take a while for the market to adjust to the new reality.
DMD did face 3 Pumps in its history
one was as zuper (chris) did takeover the coin in december 2013
(shortly followed by him abandon it and the community takeover by actual DMD DIamond Foundation
which instant started work on relaunch of DMD as DMD DIamond V2.0)
one was april 2014 when we launched DMD Diamond V2 mainly driven by a japanese pump twitter guru
this guys earned lot money doing the same with us as they did with lot other coins
creating a hype and cash out leave a broken coin with burned investors....
DMD Diamond did survive this what would have break the neck of lot other coins
one was when a single whale did jump into the fresh opened bittrex market
we still dont know his plan and think that most of that insane volume that days was created by abuse
low filled bittrex sellorderbook and massive fake trades with himself
the anounced 120 BTC investment he announced was never visible in a real wallet with a amount that fit to this investment
all 3 pumps where out of our control and never initiated by us
instead we did do anything to work against unnatural rise and drop of coin value
but as alex stated its free markets on independent exchanges
we would be the worst pump&dump or scam developers by working nearly 3 years on it......
alone the duration of our commitment is a clear signal that we working for longterm success and no shortterm little gains
as u see we are full transparent
and the interests of DMD Diamond Foundation are honest
that the markets have other players too with their own agendas is normal
u will find that at any coin
even bitcoin is just a playball of big investors
and even more to big mining pool which are the secret ruler of bitcoin
even more because bitcoin have a voting of changes by sign mined blocks
and so the top 5 mining pools can approve any changes they want
i think DMD Diamond is the perfect enviroment for people who have between 100 and 5000$ crypto investment potential
to play the same way on bitcoin u need millions
and i guess everyone will agree the chance that DMD x10 is way higher than bitcoin x10
and on top DMD have even after POS reduction a nice 25% POS income
and that for years.....