Re: [ANN] SilkCoin | New Wallet | - HARD FORK MANDATORY UPDATE -

Is the price dip expected after POW or during?

This coin has such a great team behind it, the potential is just huge.

New miners mean more exposure but the extra supply may cancel that out or overwhelm the market. The dev's bring new updates and features every week so It also depends what they announce during the next phase.

OK. But typically, does the extra supply saturate the market usually during the POW phase, or just right after?

If its normal miners they will probably hold , i have said it a million times , if you open the wallet , you know you better hold your coins as the price is low tbh,

Now multipools are a different matter, they may mine and dump as the price is good, we expect a certain amount of drop at this point , Our Chief Dev predicted this at launch and it was taken into consideration, but we felt the 2nd Pow phase would be unique and bring people to the wallet in droves having missed out initially, however due to community concerns we halved the block reward for 2nd pow .. this should at least limit some of the damage done by the multipools, but tbh if they want to sell me cheap coins they are welcome too

after all i HAVE opened the wallet and more fool them.

Thank you. I'm just after cheap coins myself. I did have 500k, sold half because I was afraid of the POW dump but looks like that probably isn't even going to happen. Kept the 300k just incase it started shooting for the moon and I miss my flight

The silk team are doing a wonderful job communicating with its community and IMO that's the most important thing, its all about confidence in the product after all.