Tell him to rest easy, the bottom from the increase in rewards is almost here. Between 50 and 65sat , at this price I will start buying.
There it is, my first Gulden purchase in about 3 years.
Is this a good time for me to lower my average purchasing price on Gulden? How do you know it won't go lower then 50 sat?
Depends how much you plan to buy, under 250k you can wait and see, if you intend to buy 1 million or more, it's a good time to start buying the low prices. The dev reward doubled not the entire reward, don't expect prices to drop to 44 sat unless a large holder wants out and you get lucky. The coin was stable between 80 - 90 before the dev reward increase was announced, the total reward increased 25%. 55-65 is the buying range when it settles. For each exchange added you can add 20-30% value. This is how coins like doge and digibyte hold a high value with much higher supply and rewards.
I also don't invest unless the coin has the potential to go up a minimum of 500% in the future.
How were you so patient to know the prices would go this far down or should I ask what made you think the prices would not go up?