Re: [ANN][SCRYPT] Klondike Coin ★ 16 coins block / 19mil total ★ 0% Pre mine!
The reward reduction will not improve price, only deter net hash.
The absence of sellers dries up liquidity and reduces the efficiency of speculation dollars further driving down price.
And to all of you who think the coin is so cheap please buy some. I have some standing orders around .00006 I'd like to get filled at that price
The absence of sellers dries up liquidity and reduces the efficiency of speculation dollars further driving down price.
And to all of you who think the coin is so cheap please buy some. I have some standing orders around .00006 I'd like to get filled at that price
Well this seems a bit contradictory to me. You are telling us the price will go down, maybe to zero and you put your sell orders at .00006. If you were so persuaded to be right, you should sell them quick before the price goes down, wouldn't you?
I am no longer being fairly paid to provide hash rate so I don't, but I'm still making a market.
If you suspend you passion for this or any other alt coin for a second perhaps you would begin to see the relationship of reward / net hash rate, the markets the coins compete in with each other, and the market of the individual coin itself.
The kiss of death for KDC is the drop in block reward, this reward does not sustain a large enough hash rate. You can't hoard a coin creating an illiquid market and expect someone buy it. If you think the coin is undervalued get on CoinedUp and put in some BIDS!
Liquid markets with tight BID/ASK spreads inspire more confidence than anything else. It's a universal market truth.