. i mean half of you haven't had anything to say until maybe 2 days ago
and all this talk of market crash.
blah blah bullshit
it's a week old and $0.50 usd it saw $1.00usd it's first day in trade
there are 1000000+ coins plenty liquid
do any of you know how long it's taken bitcoin to touch any of that?
so anybody trying to speak on behalf of me for forking is talking out their ass
cause i think it's the wrong move.
+1
The person you have quoted has no business being +1'd for anything he said. It's all bullshit speculation that doesn't actually mean anything.
+1 means i agree with him, you fuck.
I can show you mathmatically that this coin is fucked, as-is. who are you going to believe?
ok, show us mathematically that this coin is fucked. please provide proofs.
"networkhashps" : 275464180,
If the coin's value continues to decline, then less people will mine it. Eventually it will take a ridiculous amount of time to transfer CAT coins due to the time between solved blocks. It's all well and good if you have them on an exchange, but without fast transactions the coin isn't going to circulate, and it'll be finished. Nobody wants a coin you can't use. The exchanges aren't the sole driving force. They require coin miners and coin users.
Take away any one of those 3 and a coin will die. It's relatively straight forward. Anyone who thinks this coin will increase in value because of scarcity isn't looking at the big picture; nobody will buy CatCoin if they can't do anything with it, and the people who hold onto coins for long-term investment aren't going to drive up the price, because they aren't
selling.People will keep buying up the coins as the price drops, and then it will die. It would take too long to use, or put back on the exchange, so there would be hardly any market activity.
Cryptocurrency relies on several factors in order to grow, I guarantee if this fork wasn't going ahead the coin would die a slow and embarrassing death. Thankfully the fork is going ahead, and the coin will be saved. Anyone arguing that we shouldn't fork aren't proving sound economical principles. Anyone praising the fork too much are probably just going to dump it at the next price rise.
The remaining people are holding onto their coins, or buying now hoping that the fork will finally make CatCoin soar. These people are in the minority. I being one of them. I have 500 Cats. It's not a huge amount. Half I mined at launch, the others I've been given, or bought, or been awarded for helping the community. I haven't a huge amount to lose, but I would have a lot more to gain by holding onto my coins and helping CatCoin grow. Anyone else who wants a small long-term stake in Catcoin is just better off buying it when it's cheap, and avoiding the high price dumps. However, the price dumps do mean the coins come away from those who aren't invested in Catcoin, into the pockets of those that do, so in a sense now perhaps is the time to put your money where your mouth is if you do think Catcoin has a future.
If you don't, just sell your coins and move on. Nobody wants to hear the negativity anymore. We just want to get on and move ahead.
So if you want to know what my position is; Fork and long term investment with a modest stake in CatCoin's future.
What makes this coin different and not like the crapcoins is that although there are some pumpers and dumpers, like with any altcoin, a lot of people are also heavily invested in this currency. It's these people who will drive Catcoin forward. Not the people in it for a quick buck.
The amount of people who want this currency to succeed far outweigh the sceptics and lazy profiteers.