@SuperOrca another 20% drop and the bottom is formed. Traders can put more pressure using the development reward to secure lower prices, the development reward pressure will have less impact the lower the price goes. I said at the start of October remove the buy orders above 50 to let the price fall to 40-50 sat to end the pain. New users to Gulden can get in at the best prices and experience good gains in 1 year.
How did you know the price would drop this low and what do you expect the price to rally too in the future?
The development reward
https://www.dactual.com/address.php?address=GPk2TdvW1bjPAaPL72PXhVfYvyqEHKGrDA , made it REAL easy to predict the price outcome. The situation at present is there is enough bitcoin support to soak the development dumps to a price of 40sat for 2 months. This is why the low price must be seen as a positive for the coin until the next alt bull market arrives. $5000 gets you 800k coins, only 653 people can own 800k coins with the current supply in the market.
Lets face one fact, the masses don't know about the development reward, when the bull arrives the price will rise fast for this coin.
I have no problem with the dev reward at 80 because Malcolm has always helped the community with technical questions and is a developer with lots of respect. I believe if the price gets worse the GAB will keep Malcolm and Rijk will have to go find a job until the price recovers. The work Rijk does with social media and the website can be done after hours.
When the price recovers the team can grow with employing developers on a contract basis, if the price dumps you don't have to renew the contract.
Most people have full time work that invest in Gulden which is why we need a team to do the work and why we like Rijk and Malcolm to be full time on Gulden to work on Gulden.