Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland

It has taken a few days for investors to realize that they need to dump their AUR now to avoid the crash when the supply quickly inflates by 100x starting on March 25th.

We know excatly what is going to the supply, but we really don't know what happens to the demand..

It is very unlikely that demand will increase by 100x to combat the 100x increase in supply.

Icelanders will catch word of the free ~$500 and immediately go to cash out as the price drops.

Wy not? The userbase is also over 100x after airdrop?

All the new "users" will be selling to get their free money before their neighbor is able to sell and get their free money. It will be an epic selloff the likes of which crypto has never seen.

If the country is India, Nigeria, Mexico; true. Iceland, I am not sure. No offense to any countries, just the education level of the country sometimes dictates the behavior.