This coin has one of the smoothest and most honest launches that I've seen in awhile, but the thing is, what does this coin bring to the table that others have not? Wouldn't this just be considered a clone?
What does the other coins bring to the table? Nothing really. IMO, the issue with this coin is the fact that it's no longer mined and its PoW phase was too short. Imagine if Doge or even FTC went into a limited supply like this coin. People would buy it up so fast it'd hit BTC prices. The problem is as a PoW coin, not many people were exposed to this coin and since it's shifted to PoS, even less people have been introduced to it.
The fact that the price hasn't dropped much more shows that the people who are invested in this coin are holding on pretty well. The problem isn't holding. The problem is no one's buying because this coin is under the radar.
That's a good point, but we also need to remember it's only 2 weeks old!
2 weeks old doesn't just negate the issues at hand. We've got issue 1. not a lot of people are interested in the coin and 2. prices are falling at a rate of 30%+ day over day. Giving this coin more time isn't going to solve issue 2, so it ultimately undermines issue 1.
At least that's how I see it. This coin has a lot of potential but it also has a lot going against it. I mean, what would you be more willing to put money in, a BC that has a -40% next to it or AUR that has a +80% next to it with 10 times the volume?
But if someone that has BlackCoin looks at Aurora and now Maza on mintpal, see's the prices push up
decides to cash out to jump into them. It's going to swing the numbers wildly!
Oh and whoever's putting up those stupid buys in 0.00000001 increments that does nothing but makes it look like there's no buy support. If you really want to pretend that there's buy support, throw 2 or 3 BTC 5 or 7 spots down from the top buy. That's called a real support.
But someone is offloading, why buy at the higher price. If they are so desperate to sell let them
dump and those who support the coin buy at the lowest price. Once they finished we can put
some back up for sale at higher prices and push the value back up.
Those small increments are coming after big sell offs, and just trying to push it back up. And it's
working!
I'm guessing the person offloading is also watching this thread!