The best thing is, many of us got to get in cheap, very cheap.
Yup, lots of coins for sale - none of them bought from AmberDev so the there is no real value built for investors.
I still haven't heard from AmberDev regarding how dividend payments (BUY, HOLD & GET DIVIDENDS IN BTC/$) are being paid.
If AmberDev is planning on paying dividends from the sale of the premine, Amber Trades' profitability will not likely have
the impact on Amber Coin we all hope it will. We've actually seen proof of this with delayed dividends for Q3.
What I would like a post from AmberDev stating that he's not paying dividends from the sale of the premined coins.
Perhaps trans ids for BTC deposit for first (2) dividend payments?
Then, I will likely verify this with the blockchain like any good investor would/should do.
I'll bet if he did that, I would have to eat a big bag of dicks and say how wrong I am - WHICH I WOULD DO.
Well, not the dicks part
Then, the price would likely bounce back up and I would re-invest.
Regarding my 4x claim -
I had been mining AMBER for over a year, and most of my coins were extracted when the block reward was higher.
Before Feb-March of 2015, I turned my coins over for BTC until I saw the first dividend payment in Q1 - I was hopeful.
I also had an NOMP-based mining pool (AMBER, Diamond and some other X11/X13 coins) that I had to drop due to constant DDoS issues.
Additionally, I used the NiceHash orders API and produced quite a few coins monitoring the price and difficulty.
With the block reward reduced, it's no longer profitable to mine most of the time.
The address provided was a wallet address where I gathered all my coins for staking, I don't think I bought too many coins on exchanges.
Here is what I think happened (mostly):
https://www.blockexperts.com/amber/address/APVZ2S6npWPf1QhJEBDZ7KTCQAH7xZaN9oOver 11,000 coins mined. I took into account the cost of power and hardware too, so that's how I arrived at my figure.
PoS was a significant boost for me, getting me to 13,700.
So, I'm not just some lurker - I've invested time and $$$ in this coin and I'm still hoping it all works-out.
The most important questions should be:
What will you do with your coins if no dividends are paid for Q3 or Q4?
Will you race to the door like I did?
Or, will you double-down and hope the value increases so you can take profits?
I have to admit, I do care what the Amber community thinks of me.
If you read my posts, no name-calling, no unfounded accusations - just tough questions.
Nobody likes tough questions, I get that.
I'm actually in a very good mood, "most" of the time
If you insist on making me a pariah instead of just some guy asking questions and sharing his experiences, then so be it.
I can live with that.