Quote from: wB` on March 01, 2014, 12:58:35 PM

Quote from: celcius on March 01, 2014, 12:46:23 PM

we need to think why maxcoins and others are still maintaining price while kittiehs are dying Embarrassed

Most coins are doing very poorly really. EAC went from 300 Satoshis two weeks ago to the 40-50s now. Things will turn around in time. We just have to roll with the punches.

+1. The current rate is not so important. What's important is support, development, promotion, an alive and growing coin. Efforts of all of us who support it.

There are many altcoins, and many are hyped, have a short life and die. Of the 2-3-400? current altcoins in existence, how many will be in active use in 3 months? In 6 months? In 1 year? I don't think a lot. And sure, new ones will come around which are hyped and will die even in those timespans. Will KittehCoin be alive in a year? I believe it can be, and it has a good chance. And that chance totally depends on what the people supporting the coin do or not do. Those people are the KittehCoin team, but just as much you, me and many others here

Why will KittehCoin live or die? It will live if it has support from many people, marketing, adoption by stores, adoption as a currency for some purpose, etc etc.

The current rate doesn't matter that much, because altcoins are still an extremely young phenomenon and it's always a matter of taking risks. Investing in MEOW at 60 satoshis is a risk, using the scarce mining resources you control to mine it is a risk, investing in MEOW at 12 satoshis is a risk and even investing at 3 satoshis is a risk.

And as far as the rate is of importance, one major point in favor of KittehCoin is the relative scarcity. The pool of MEOW is currently almost 7 billion and limited to a total of 25. The amount of trading still isn't very high. If you want to know what a high amount of trading looks like, take a look at the Cryptsy order book for MOON or to a lesser extent LEAF. To give an extreme example: with 50 BTC you can buy all the MEOW sell orders on Cryptsy up to 30 satoshi's. Spend that same amount of BTC on MOON (which is at 3 now) and you're still left with half of the sell orders at 6. What I'm trying to point out is that the rate for MEOW can still quite easily go both ways, up or down.

If the rate of MEOW would drop to 3 satoshis, would that mean the coin is dead? No, because lots of efforts are still alive and kicking, allowing the coin to grow. The current downward spiral has to be turned into an upward spiral, and sitting and waiting for Max Keiser to say something favourable isn't gonna do it.

If the rate drops to 3 and nobody continues efforts on the coin like maintenance, development and marketing (and of course mining), would that mean the coin dies? Probably. There are enough examples of that already in the short history of altcoins.

To speak with a shamelessly adapted quote: ask not what your coin can do for you, ask what you can do for your coin