The price of the coin does not matter so much, at least not so much to me. Bought 70k at 717 a week ago, which was a bargain then. The most important thing to me is the stability, which the coin seems to have. The market will dictate the price. The more and more the coin gets out there, the more it pops up in places and shows face among the huge network of merchants that sell everything under the sun relating to either marijuana or tobacco products, the better off the coin will do.
Big money big money no whammy no whammy, STOP!
Big money big money no whammy no whammy, STOP!
1000% Agree .. stability is important. That said, IMO there is a line of perception; coins that are below 1000 are on shaky ground and are not as trust worthy. I think that needs to be a target for stability -- then move it higher over time
I agree that network stability is paramount, followed by price stability, and that in a transactional/flow coin the price isn't as important--but you have to keep in mind that stability comes from hashrate, and price matters to those mining it. If it's not profitable or worthwhile, you lose portions of the network, and a flux in the network can cause volatility in price.
As has been discussed many times, any serious business coin should have its own private farm to always ensure a certain amount of hashrate is securing and processing the blockchain, and it's usually a farm owned or supported by the coin's owners.
Volatility can be a good thing and is an incentive to miners and trading. Volatility also provides opportunity for people get into POT at fluctuating prices which sparks interest and ultimately growth.
I would also recommend BOTs. (DISCLOSURE: I have been an algorithmic trading systems developer for over 20 years and have made my living do so for the past 5+) Development and deployment of trading BOTs can provide a controlled mechanism for the "Company" to buy/sell POT in the open market. This serves a couple purposes:
1) This can reduce the available coins, create scarcity and in the end, ideally support and boost the price. No different than any other buyback.
2) Create volume and liquidity on the exchanges. Coins are like momentum stocks (APPL, NFLX, GOOG) and penny stocks (think Wolf of Wall Street) -- Baskin Robbins Flavor of the Month. The ones that trade a lot of volume and have some oscillating price moves get attention.
Those are my thoughts ....
Certainly agree that volatility is a good thing. It allows people to feel like they are "getting in" on a good thing. Well it is certainly not a feeling an an opportunity to do so. That is why i try not to play chicken little so much, one mans trash type thing.
I think you can help to mitigate the variance that takes place though volatility. You can set forth the stone walkway and guide it down the path but you cannot prevent it from occasionally hitting a wall or two. I don't know how possible, or wise it is, to control it completely though.
It sure seems like someone who has been developing trading bots for the past 20 years could certainly be of great assistance in helping the design of a multipool that potcoin might develop
I think the trading algos are the largest hurdle that occurs for setting up the pool.
Given the nature of the crypto world, how people are playing them like stocks or what ever, it makes sense that those with some type of boom and bust patterns tend to garner interest.