Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine - Cryptopia
You guys are really pathetic, so sadI can tell you 1 thing, in 3 hours there will be no moon, nothing will happen
I can tell you one thing that is an absolute certainty about SIGT once the 60K block is passed...
Those who are mining it because it is marginally more profitable than ETH and who are cashing in their SIGT every day and buying ETH will not be able to do that anymore... UNLESS...
...the value of SIGT heads for 2200 and maintains that level.
There is solid reason to believe that the constant selling pressure from these people will abate when profitability drops off, and it will not become an issue again until SIGT roughly doubles in value OR the difficulty factor becomes so low with miners leaving the coin that blocks are being solved in half the time.
Wouldn't this logic have held true the last time Sigt halved? If I recall correctly, Sigt was trading around 4,000 Satoshi's pre-halving and then just tumbled while the price of BTC simultaneously shot up.