Post
Topic
Board Announcements (Altcoins)
Re: [GPUC] GPU Coin | GPU on-line sales OPEN | Marketplace is live
by
silverfern
on 27/03/2014, 19:58:36 UTC
correct me if im wrong but selling the current batch at low rates and then starting marketing should be the most beneficial for the store and thus for the coin itself. accumulate as much coins at possible -> drive the price up -> have enough money for a bigger batch. sure sucks for guys who mined for a gpu but for holders and people looking to buy a gpu it should be beneficial?

Unfortunately, at the moment the force that is driving the price down the the mine and dump people. If you look at the volume, there isn't huge volumes that are being sold at really low prices. As long as we continue to be on exchanges where the price is being driven by the last price of the selling and buying regardless of volume this is what will happen. Some of the mine and dump don't care about what price they can sell it off as long as it is being sold. So holding onto as many coins as possible with our current exchanges, I don't think, will do much. Regardless of whether we were having 20000 coins per block or 50 coins per block.

What we do need to drive up the price is get onto a better exchange where price isn't reflected on the last price sold (since people can manipulate that). And to get more popularity in the coin where we can create more buying power to snap up the low prices.