Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MINT]Mintcoin, Energy Saving Coin*43 Merchants*WALLET 1.7 MANDATORY!
by
draco71
on 07/04/2014, 19:27:22 UTC
draco71 bla-bla ...

What is hype, really? Consider what that word means. "Extravagant or intensive publicity or promotion." You are right, that seems like exactly what is going on in the BC forum. The mere news of there being news this coming Wednesday has driven the price up ~1000 satoshis. Seems great, and potentially is, but what is the price supported by other than the "extravagant or intensive publicity or promotion."? There is nothing solid supporting that price except for speculators betting on whether or not the price will go even higher. Similar hype surrounding #blackcoinfriday and the multipool drove the price up to the 8000-9000 satoshi range just a few days ago. When that hype died down, the price fell back down to the 7000 range because, despite the multipool still functioning and doing its job, it was really the hype of the multipool and not the multipool itself that brought the price up. So, I guess what I am getting at is, how sustainable do you think "extravagant or intensive publicity or promotion" is? I suspect either one of two things will happen this week:
 After Wednesday the BC hype of the news release dies down and the price corrects again.
 Or, if the news release actually achieves its goal other than the initial hype, the price should be maintained or even continue to rise.

I look forward to finding out, and I am hoping for the 2nd possibility because I hold a fair amount of BC too. I don't think MintCoin needs to or should compare itself to BC,  they are quite different by design. The roller coaster of a ride that BC is surely will attract many more day traders, but slow and steady with a strong foundation being built along the way seems like the way to go in the long term. IMHO. This is why I invested in both. I see great potential in both, for different reasons. Plus, in general, it is a smart move to diversify.

Thank you stormia.

Indeed, I am not looking for a hype or comparison. I just try to explain (or understand) what is going on currently. And I am worried, because I have the fear that, due to the high speed of cryptoworld, many coins will be left behind. I would really hate to see that for MINT because it does not worth it. So, I think that we need fresh ideas, to bring new investors in. These sell walls should be broken and I would say, should be broken soon. And I am not worried so much about the price, I am actually worried about the really low volume. This indicates low interest to me. Let's hope that I am wrong.