The problem that I see with coinswaps is that the price never seems to correct the right way. I've seen this happen in other coins. If you do a coinswap 5 million to 1, that would technically mean that the new coinsupply is a lot lower and the price of that new coin should be 5 million times higher and that might not happen
if one Stronghands would be $0,000001 for example, the new coins should be worth $5 I don't see this happen really. So a coinburn/swap could seriously affect marketcap
What do you think about that?
I agree with what you are saying.
The main reason people started to buy this coin was the price.
I can't see now how you can convince people to pay $5 for each coin?!
Especially the ration is really ridiculous.
I would have done like 1000/1 and not 5000000/1.
The main reason for burning coins is to raise them in the rating on coinmarketcap.com/. In this case, serious investors will pay more attention to it. The higher the price of a coin, the more attractive it is for purchases. STRONGHANDS - too much, 1000-1 it will not help, only 5 000 000 - 1
With all due restect this does not answer the argument the raised. This kind of evasive responses are making me lose confidence in SHND. Not that anyone cares, i only own 50 000 000. But im just saying
The serious investor will take a coin seriously if it has some purpose and outstands from the other coins not just the price.
As I said before, you should see why people bought this coin at first place!
So far the price is dropping which means market didn't like the idea but this can be temporary so I personally will wait and see.
I have one question:
Considering the dev team will do the swap but still will keep the old coin, does this mean after I sent my coins to them and got a new one, they still can sell the old one to someone else??! (PAC is getting rid of the old one altogether, why no SHND??)
They like to say that they bought the coin because they belive in the ideology, the tech or whatever, but the fact is that they, including myself, are just speculators expecting to make some money with a cheap coin. If you follow the TX book in coinexchange you´ll see people only invest 20,30,40 dollars per buy. Also the volume is extremely low. Like you said NO SERIOUS INVESTORS here. I´ll wait to see what happens with all this forking, burning, swaping circus just out of curiosity