Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
Can someone tell me the reason why price made 53%?
Is it pump&dump or shall we expect the further growth?
In the medium term, entering the market of powerful ASIC-miners in mid-2018 will have a negative impact on the cost of the DCR. The price will fall, because it will be profitable for the owners of the ASIC miners to sell even taking into account the double fall from the current price.Is it pump&dump or shall we expect the further growth?
Come now, that's just a guess; speculation.
Just as easy, the story could go: entering the market of powerful ASIC-miners in mid-2018 will have a positive impact on the cost of the DCR. The price will rise, because it would be even more profitable for the owners of the ASIC miners to stake their DCR, thus keeping circulating supply low.
Else, increased security of the chain increases investor confidence, causing the price to rise.
