Re: [ANN][HYP] HyperStake | 750% PoS | Most Advanced Coin Control Wallet

This does not look good. HYP is slowly dying, someone is dumping. I think I'll follow suit: https://poloniex.com/exchange/btc_hyp.

Follow suit in dumping? Just the opposite would be more appropriate.

It is time to buy to cost average down, hold and stake. The price will go back up and when it does those who were patient will reap the rewards.

Quite the contrary, holding on while you lose more and more every day that passes, just because you hope it will go back up (nearly 7000% devaluation during the last two months compared to 750% POS)... You're probaly right, HYP will be pumped once or twice, just before the dead cat bounce, and dumped beyond recovery.

Quote from: billotronic on December 06, 2014, 05:40:06 PM

Quote from: Serby on December 06, 2014, 03:12:55 PM

This does not look good. HYP is slowly dying, someone is dumping. I think I'll follow suit: https://poloniex.com/exchange/btc_hyp.

yeah so someone got me real drunk last night and I ended up giving away a shit ton of coins. oops.

fuck yeah, I got high too, but I didn't give a shit AT ALL.

I can tell you that, HYP is a coin network, not just a simple exchange rate. If the exchange rate goes down... that doesn't have any impact on the network, so long as people continue to stake and move transactions along. There isn't much I can do about exchange rate, that is decided by all of you guys for the most part. But I can say that I will be staking and continuing to improve the wallet and core code for a long time to come. This is what determines how long the coin lasts, not exchange rate.

I beg to differ, network impact has nothing to do with people staking 750% of a coin that has lost 7000% of its value. It's easy to see how long the coin will last if this downward trend continues, just because what determines whether HYP will last or not is not only related to the technical aspect of your coding skills, but also to the demand side, that is to say, the proportion in which people will buy it. As of now, that low price level is what deters people from buying HYP (remember the panic buyers at 6k). No matter how cheap it is, it will eventually get dumped beyond recovery.