This is what worries about this project, too much free coins
I dont know what drives price now? I mean ...how do you use onions except for speculation?
I guess 90% drop is very possible.
Do you think people will start jumping ship even before last rounds? I was thinking about that.
If no bright ideas emerge in next 2 month, whats the point to hold it. Better to invest in BTC or ETH and and pray for ICOs to bring cash into the ecosystem.
I ave like tons of shitty coins from airdrops, they cost 5-20 USD in overall value. These i will hold for sure, just curious what will happen. But ONIONS? Too much cash is tempting.
Airdrop is similar to mining. Big miners get a lot of coins because they have more machines. Some miners hold a lot of coins because they see a potential in it and some dump to earn because that's what miners do, they profit by mining. In the Deep Onion airdrop, we can see the similarity with those who were able to get coins via the airdrop. Remember that not all holders obtained their Deep Onion via airdrop. There are also miners who are using ASICs to mine. I bet some even have big mining farms. As we all know, when a coin is profitable, miners flock to it in an instant.
The price of a coin is always driven by supply and demand. Demand for trading, investment or real world use. Real life usage of Deep Onion coin will come later because the coin is still young, just 4 months old. Value is being added to Deep Onion even as we speak. The devs/admins/mods are hard at work. We just have to be patient.
i agree with you dude, if only i find this beloved Deeponion earlier, maybe i could have been participated the first air drop, thank to coinmarketcap he leads me here..