Re: Topic: MotaCoin[Official][MOTA][X13] Developments & Discussions
I appreciate the reply but in the world of Crypto, it has almost no resemblance of typical economic supply&demand reactions. Clearly the price did not move higher due to xx% slower in creating coin. I'd venture to guess it is still in a price(demand) decline.
You need to realize that crypto is only worth what the next youtube sensation or pop star(or billionaire) will gab about it. With only ~5% of the world involved with crypto and most coins being practically unknown(and 10 new ones created daily...), there will not be a demand for any of them except the big 5. All clones rise with BTC.
I am not knocking the system you have here, I am simply stating a fact from what I see in price charts. The only boost coins get is either from BTC going up or, as I mentioned, someone famous making people aware it even exists.
I have some. No point in mining and too little for earning in stake rewards. Time does tell, eventually
You need to realize that crypto is only worth what the next youtube sensation or pop star(or billionaire) will gab about it. With only ~5% of the world involved with crypto and most coins being practically unknown(and 10 new ones created daily...), there will not be a demand for any of them except the big 5. All clones rise with BTC.
I am not knocking the system you have here, I am simply stating a fact from what I see in price charts. The only boost coins get is either from BTC going up or, as I mentioned, someone famous making people aware it even exists.
I have some. No point in mining and too little for earning in stake rewards. Time does tell, eventually
We can agree to disagree that crypto does not resemble typial economic supply & demand. The price will indeed move higher due to -96% reduction in new coins, when 10k were minted daily - toward the end - it was getting dumped to 1,2,3,4,5 satoshis for a couple months, then the change hits and now we are comfortably above 10.
Luckily we are actually being used by real businesses, so that puts us with the few.
In response to the only boost coins get is from btc going up, how do you explain us hitting $0.115 per mota in august of 2021? We were definitely in a bear market while MOTA took 30,000% gains from 1/3 penny to almost 12 pennys per coin, over a three/four month period. We did that while every other coin was falling.