Ninjastic
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Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
vabchgent
on 16/12/2014, 16:32:18 UTC
Quote from: raskul on December 16, 2014, 04:29:36 PM
Quote from: jackbox on December 16, 2014, 04:28:02 PM
Quote from: puwaha on December 16, 2014, 04:25:20 PM
Quote from: jackbox on December 16, 2014, 02:48:25 PM
Price of XPY down to .024 BTC on Coin Swap. So far slightly over 132,000 mined out of 500,000 coins to be mined. What happens on Friday when the 12,000,000 pre-mine become available to "investors" and HP holders? 12,5000,000 XPY at $20 each would require a fiat reserve of $250,000,000 if everyone sells.

Everyone can't sell.  That's part of the whole launch of the prime controllers.  The "market makers" have to stake the coins for minimum 6 months in the prime controllers.  They can't dump.

The 5.5 million paycoins reserved for the hashpoint conversion could be dumped... but GAW made it very attractive to not dump.  So most consensus on hashtalk is that they will also stake.  I don't think there will be that many dumping.


People want what they can get now. Millions of coins will be dumped on Friday.  Wink

I beg to differ.
there won't be buyers for millions of coins on friday.

Thats the better question where are the buyers coming from. By Friday most will be mined and most will convert HP to XPY . So who is going to buy - but it that is the 64 million dollar question.