Is it end this coin? Prcie only goes lower and lower...
Possibly. Now the miners are starting to dump. Whats on the exchanges isn't even a fraction of what's been mined and this trickle will turn into a bit of a torrent.
As I pointed out earlier in this thread, the natural value of this coin is possibly in the 100 satoshi region if that (0.00000100) when everybody's done dumping. 3.5 million mined coins are mined every month so I can see why people want to offload them now while these prices exist. (See:
https://bitcointalk.org/index.php?topic=419873.msg4864038#msg4864038). Once it reaches it's natural level and goes on an exchange, the price could rise from there, at which point it will be in competition with all other coins.
It's looking like a pump & dump IMO which will be history in 2 years time.
If value of this coin is 0.00000100 then everyone can stop mining. An respectable 2MH gives u 600 coins a day under very low dif. Natural value is much higher.
It are the random low BTC exchanges that ruin it if u ask me. A coin should first go to coinedup, then promoto to cryptsy and when it gets golden to BTC-E or something.
Now coins end up on random exchanges and price goes down the more people loose interest and it will be too late when it hits a real exchange. And i am not only talking about this coin. I still have faith in coino tho, still getting my hashes
That's a good idea and good order for things. Coino has a great start + great dev. The 100m max supply is very nice, coino even has articles on cnbc and yahoo finance, a lot of coins on cryptsy have no articles like that. Now is a great time to be mining with such low diff, I have confidence in the devs and them making some big marketing pushes in the near future.