I was originally going to invest $4k into Curecoin. But after a few days of either flat or falling prices and seeing network hashrate stop building I decided to sell all my Curecoin to buy XC a week ago.
I made 10x profit from this decision once the price reached over 400k ie over $40k.
I am sure Curecoin will have promise in the future but until these pharmaceutical companies come along and actually offer to pay money for this computer processing power then this coin will not develop.
Who is currently earning the money from the folding right now, is it Stanford university, is it the coin developers?
The reason XC is doing so well is because just by having anonymous transactions a lot of people will use it to launder money e.g. the rich evading tax or people doing illicit business, or normal people just wanting to avoid tax which is quite acceptable. This gives it implicit buying power.
What gives Curecoin implicit buying power? Is someone making money from Curecoin folders?
When my XC reaches 0.05 I will already have $400k so I might be willing to invest 10% of my holdings back into Curecoin at that point, at this rate im sure the price will still be similar by then.. in 6 months time.