Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PES] Pesa - Anonymous Coin - No Premine - Dynamic Interest - PoStr
by
BTCNeverSleeps
on 22/07/2014, 06:23:33 UTC
not worth buying or mining it right now Sad
If u believe the dev,you can buy some~ Grin
it will go down to 200 until pow is over

If it wasn't for miners just dumping for whatever they can get, the price would be doing much better and the coin would look much sronger. Others do not understand when the price keeps going down investors get scared and do not want to touch a coin. There has to be a balance between miners and investors. Pesa had too many coins flooded on the market at one time which prevented growth. As soon as Pesa was available on Bittrex miners just dumped away which left investors holding bags.

I do agree with this, I'm holding in the hope as block reward decreases miners will push the price up again.  I also believe POStr will be the next fad.

Miners never help increase the price, investors and whales increase the price. If it wasn't for constant dumping Pesa would be trading much higher.

I'm basing this on the expectation that miners will not dump coins at a loss, therefore as block reward decreases they will increase the price through manipulation or natural demand.

Ok. The next halving will be in a few hours, lets see what happens a few hours after that.