PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!
We should really tell everybody about this fact this is great
You have missed the fact that each coin you buy pushes the price higher, so the next time you come to buy you get fewer coins (and so have less impact on the price).
So over time, your influence on the price diminishes and at this point miners are more likely to leave to chase the next 'most profitbale coin'. Unless you have some other features to keep them.