Post
Topic
Board Archival
Re: delete
by
smooth
on 08/10/2014, 04:51:09 UTC
The developer isn't doing it for near-term income.

That's perfectly fine, I have no disagreement whatsoever. However, you are saying that only (at least relatively) rich people can develop coins, or they have to work for rich people who cover their living expenses. Because most non-rich people have to support themselves somehow.

Quote
It should be quite clear to astute observers which coins are on such a [pump-and-dump] trajectory.

Maybe. One part of industrializing the process means getting better at selling it (if only because competitive pressure means the better scammers survive, but also learning and economies of scale). This happens in every speculative market -- over time scams get more professional and harder to identify.

This only matters if you are trying to sell your coins early to pay for project and/or living expenses. If you try to do that, you look like a scam, and the market won't reward you (unless you can time machine yourself back to late 2013). If you don't, the you are stuck with the rich people problem.