Post
Topic
Board Announcements (Altcoins)
Re: [ANN][HYP] HyperStake | 750% PoS | Most Advanced Coin Control Wallet | 6 Themes
by
iantunc
on 07/12/2014, 09:22:45 UTC
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.

First of all, not 7000% but around 3000% of its all-time price peak (10k sat). This price wasn't the real value, it was the result of a hype. And up till now the absolute floor on Polo (181 sat) isn't passed. The demand side is rather complex. Demand is formed not only by investors who want immediate profits from long positions (or from short period staking), but also by long-time holders, who can see benefits of buying at the dips a coin with decent perspectives (the lower the price is, the bigger share of entire supply they can afford without considerable financial risks). So if for the first group of people a downtrand is a factor of disturbance, for the second it is a window of possibilities. Besides that, there is a third group of demand drivers, the group of cryptocurrency real users that HYP doesn't have yet but will.