Re: [ANN] WorldCoin WDC | Coin of the Future | Instant Transactions | Launched
Why nearly all miners think only about himself with a timeframe of 10 seconds? Don't you see a little longer in the future? If we want this coin to grow we must act as a community, protecting the coin and helping growing it up.
Here is my personal list of things to do to support WDC and help it to not fail (it's our interest, right?):
Let's grow WorldCoin! Don't sell all WDC you're generating! Or if you do set a high price...
Here is my personal list of things to do to support WDC and help it to not fail (it's our interest, right?):
- Don't dump your mined coin immediately, if you're smart and believe in this coin you have to mine and don't waste WDC you generate at lower and lower prices. If we'll work well then, in months, WDC will maybe be exchanged at a much higher value. Then you can begin selling them, not all togheter.
Think about first people who believed in bitcoin and mined more than a bitcoin a day... If they sold them immediately like you're doing now... Miner that had a believe in bitcoin now are nearly rich! - WDC must be used for real world transactions, if this will not be true in the near future the coin will be dead. It must have a real value. Now all people mine and sell WDC for BTC, this is what will get the price to drop. All who can help (developers!) are welcome to build smartphone apps and all kind of software that can help real world operation with this coin.
- Set a donation to pool operator, expecially when it ha 0% fee like worldcoinpool.com (pool operators work much and have expenses.... Who likes to work for nothing???). Donating we are supporting their work
and chances that they continue doing it is higher
Let's grow WorldCoin! Don't sell all WDC you're generating! Or if you do set a high price...
This is great in theory, however Im going to have to break down the reality of what's going on and why it will continue.
~184k WDC are produced every 24 hours, a majority of which are being immediately dumped for whatever the current price is on the exchange. Without enough investor interest to buy up those coins made each day, you will have a continuous fall in price. As the price continues to fall, more and more miners will immediately dump rather than hold onto something losing value.
It's unfortunately a snowball effect from there, Id be very surprised if this coin survived but I do wish it luck.