Any vets around know this, but because I like redundancy:
Once this coin releases on Cryptsy, it will have to weather the storm of a fast rise and punishing dump. It is practically the natural way of alts on Cryptsy. I'm not a Doge holder anymore, but consider what's gone into that coin community-wise, etc., as it is one of the very few coins that have weathered the onslaught that typically flattens new coins that come to that exchange.
I mine UTC with an above average farm and can say that there are some out there mining this coin with a setup that makes my farm seem laughable on a daily income basis. There are some out there with thick wallets that wait for Cryptsy announces. In my experience, few coins rise above the initial week of Cryptsy trading. They show up with a big pump, then the reality of miners and early accumulators from other exchanges sets in, the dumping occurs.
This will be an exciting and difficult time for UTC. The community will have to overcome this period at the proving grounds, so to speak. As always, if you believe in something, prove it.
You nailed it Randy, this is a legendary post that not everybody will go through as there is only so many people who read long posts without smileys or sms talk.
In the meantime we got all the wannabe gold diggers of sorts coming back to the pools like nothing happened.
Prodigal sons...
If you were looking for the weak hands of all then look no further.
It's a very good thing that miners were washed out and only motivated ones stayed and mined and stockpiled these coins while the wimps were mining somewhere else, because core miners now hold a possibly non negligible share of the pie that will hopefully not be dumped during the first week of Terror.
It's also a good thing that core miners also wiped out these ridiculously low sell orders and said so because these hesitating to sell had to face the possibility that what was said about cheap coins by then was true. To some extent this may have impacted on the magnitude of the dumping, but i wouldn't expect this to be considerable.
So in conclusion if everybody in the hard core miners keeps his place and holds during this first week, if we make it to this exchange of course, then our chances can become interesting.
I expect it because of the motivation some of you showed during the past days.
It's not yet time for congratulations, but be aware you deserve them just for what has been accomplished so far.
Take care y'all.
UTC to the moon!!
