because it doesn't matter to many of us!
It's like every other coin. We want to make money and we do. You think this coin is dead because some guys dumped a little? You can still make shitloads of money if you know how! But seems like you don't. so sorry for that
It's like every other coin. We want to make money and we do. You think this coin is dead because some guys dumped a little? You can still make shitloads of money if you know how! But seems like you don't. so sorry for that
You may be exaggerating with the 'shitloads' bit.
Volume on Bittrex is very low and the price trend is poor. (1.41092147 BTC in 24 hours.)
People should have dumped their 'country coins' before the Auroracoin Air Drop.
Not only that, but why ignore the Block Explorer evidence that has been posted multiple times in this thread?
So I was in early on this coin, and sold just after it hit coinmarketcap. I bought back in, but regardless, I've done well even if this coin vanishes in a puff of smoke. RE: The pre-mine, in the ORIGINAL POST it makes it clear that the Premine exists for TWO reasons, to gift to Cypriots, and, to control the price. Another coin has used a portion of the pre-mine to try and stablize the price on exchanges, that would be Aircoin. You can argue whether this is a good idea or not, whether it is effective or not, but if you read the draft carefully you would realize that provision was stated clearly from the beginning.
Using the pre-mine to stabilize market prices seems problematic.
With huge pre-mines you really have to trust the Dev. If the Dev doesn't live up to his words, then there's no way later investors can make money.
Plus there's the added risk of being a country coin. Sure, the fad was hot for awhile, but now it's drying up quick. I mean why do investors really want to give free money away to people? Are we the government (welfare system) now? When these people get the free money (assuming they even know what it is), they'll dump.
That's human nature and makes complete sense. Them holding or buying more is a ridiculous notion.
Of course I could be wrong. Time will tell, but looking at the charts and trends since Auroracoin indicates this fad could be in trouble now.
