I know full well how many dollars of new investment is needed each day to retain the valuation.
As with BTC, it does not matter what the price is. What matters is how many % of the coin you own, if the technology is sound and has a potential to break out. MRO was the first coin with interesting technology and fair launch. That's why I hold approx the same % as I hold BTC.
I mentioned this in ToF, so let it be known here also that I like MRO very much at 0.002, I like it at 0.004, but would not buy over 0.010. Going to 0.020 in the immediate future is a sell zone with an intention to buy back at 0.010 or less.
Emphasis new.
.02 may be a pretty fair valuation considering the volume is consistently rising everyday, and mintpal (which is larger than both plx and bter) is adding it Monday. We may even see .01 consistently before Monday.
We are a bit ahead of our time, in the sense of being ready for the masses. The developers are still working on getting the bugs worked out as this is no BTC clone. (Which is a great security blanket.)
We don't even have a GUI wallet yet and that is not scheduled for months from now. To boot, be sure other coins will be released, not to mention 2.0 coins, that will take some of our thunder.
The "issue" that has been brought up is that the coins mined over the next 2 years is relatively high and since Bots are involved that is going to a fair amount of downward pressure.
Does anyone know the rate of coin distribution/mining over this period of time? (Sorry, forget the proper terminology here.) I'd like to see the number of coins that can be sold in this two year window. I wonder what % of miners the bots make up, or will make up.
Its about sharing