selling - botnet - price

As LEOcoin Foundation we welcome a free and open price-forming market mechanism. On the other hand, we like to know what is going on. With regard to current developments, I can only give my estimations, not the figures from any of the exchanges.

It is to be expected that when POW is getting closed to an end, that a larger number of LEOcoins will change from owner. On the one hand, selling at current prices is not attractive, on the other hand, buying LEOcoins can be attractive, if you believe that the price will rise in the future. Any time when something happens, like a planned change from POW/POS to a solely POS mechanism, buyers and sellers will feel the need to act according to their expectations.

As we cannot see who is trading on the exchanges, we have no choice but to guess. Regarding the developments with LEO Ltd., I think it would be unlikely, that many LEO members would be selling their owned LEOcoins. If this is true, the selling parties would be miners and traders. In this regard, speculation is not to be ignored; providing that some larger parties want to dump, it is to be expected, that the price will fall. For those who want to buy cheap, being in a buyers market, is comfortable.

Ultimately, supply and demand will meet a new balance and after the switch to POS the supply will probably be much less. We will be curious to see what will happen then.