The thing people need to realize is as holders of this coin you determine the value. There is no great new supply of coins coming in so as you hold the scarcity of coins on the market rise and as that rises prices go along with it, as long as there is demand. I believe a lot of new investors don't see this or the scared that panic sell don't realize they have a lot more control of this market as a whole than POW coins that are just getting mined and dumped for profit.
Yep. There are always going to be stages of someone cashing out. It happened at 4k sat. It happened again 9K sat. And it has once again happened. But if we keep putting our efforts (and GPUs) back into this coin, the upward buy pressure is going to win out in the long run, as it already has been.
Stay strong everyone. In fact this movement down has motivated me to do even work now on my supporting P2Pool.
And Iconic, that letter was nice. Thank you for it.
