Re: [ANN]AXIS coin - Hybrid - X13 Algorithm - 6M in total - 6 days of hashing.
Price going into the 3ks, mining hash way down, dev you need to play the hype game a little bit or this coin will die.
why ?? price goes up a little huge mining rigs will swoop in and dump their coins crashing the market down again, so whats the point of trying to hype before pow ends? any smaller miners that see the potential of the coin and have been supporting coin from day who aren't strictly mining for instant profit (actual community) will get waaayyy less coins for their effort.
with the amount of hashrate thats been pointed at this coin I'm surprised the big rig's don't have us sitting at 2-3k by now from dumping... so kudos to any big miners/renters that haven't dumped their AXIS.
deff gives me a chuckle when someones worried a coin is dead during pow phase especially when the coin is still sitting at 4k+ and has a healthy 28 G/H mining network still.
Thing that worries me is lack of volume and mining hash, not the price.
I think the volume has to do with people holding... all the sell orders are tiny compared to a lot of coins during pow phase. and 30 G/H's is still a heck of a lot of mining power for a coin that only has a short time to build trust of miners, if we stay steady like we are and don't over hype during pow there wont be a shwack load of people already butt hurt from way over inflated prices due to over hype when it dips way back down (cause pure hype doesn't last forever) once we're through pow and smoothly into pos then some hype will be deserved. and prices/buy orders will deff reflect that
I don't even worry about the trading games during pow phases, I just use the time to mine and buy what I can from those willing to sell at such low prices.