Quote from: B737 on May 31, 2014, 07:36:38 AM

Quote from: cryptowest on May 31, 2014, 05:40:25 AM

Quote from: bmwz520 on May 30, 2014, 04:30:58 AM

In order to maintain the price, should stop POW,

this... hardfork POW out. community will agree.

Fully agree. The 2nd PoW phase is really putting us on hold now and I'm even considering to sell now and buy back after the dump.

The people who want to get in now, can just buy in for the current bargain price....no need for another PoW round. Another advantage is that the amount in circulation stays lower, which means a higher price.

Edit: just read the posts above me, all valid. Both has its pro's and cons.

One thing to consider if you are going to wait to buy after the pump. There are other people going to do the same. I personally have 10 BTC that I have access to that I would "steal" cheap coins with. During the first PoW nobody really heard of Silk Coin. Many wrongfully assumed it was just another PnD. This coin will be huge. It has a great community following and a dev team that is both creative and devs. Compare that to the other coins and you realize what a value Silk coin is.

Now holding some of your BTC and not buying all Silk right now is prudent. I would recommend half and half. Buy half now ensures you dont get left out, yet gives you some purchase power if it drops.

EDIT: So during the next PoW stage 30 Million coins will be mined. Assuming they are all dumped that is 300BTC of coins at 1000 satoshi, which is what I would consider the absolute floor. If I am personally throwing 10BTC during the second PoW stage, all it takes is 29 other buyers to easily consume the entire remainder. At 1500 satoshi it only takes 45 people with 10BTC each to floor that price. At 3000 satoshi it only takes 900 people on the entire planet to consume all that coin. My 10BTC is my reserve... A lot of people have more...