Just been on twitter again
#DeepOnion
I posted this on there a few hours ago answering a person, its an image of the front page of deeponion.org of the rules. Always good for new members to see it.
Am I right to say that the 90% lockup for the duration of the airdrop is what is keep the prices stable right now?
I am just afraid that when the airdrops are over, a massive dumpening happens. I brought 4k USD worth of onions on NOVAs a few days earlier, having weak hands here.
If you buy, so can you sell. No one here is worried about people that want to use their money.
Imagine walking into a bank and being questioned why you want to take out your money... why, you'd never come back!
DeepOnion transactions are fast and friendly, you are free to do with them as you please.
However, I believe you are mistaken about your assumption that price will go down after week 40.
You are steeped in a notion of price, when you really really should think about marketcap. After week 40, less and less coins will be entered into the system. Right now the price is on a slight decrease (okay, not TODAY, but you know what I mean) because we're getting so many coins. The tech is coming up, the coins will grow, the community will be thinking of innovative uses for coins, etc. I've already got plans to write about a few unique ways ONIONs can be used for real world applications, others will too!
The 40 week problem is, in fact, a myth. Dumpers will dump whenever. Think about this. If you held 5 cloves of garlic and they were going rotten, would you eat them now? Yeah, you would, because after they go rotten they're worthless. ONIONS are like garlic! People that think they are going rotten have no reason to stay until week 40, and will drop out along the way. Expect turbulence week 40, but not a tsunami!
I like your analysis. That's so true. Dumper will dump whenever. Even the airdrop is only in the 12th round, there are already dumpers. I believe most of the holders who can hold until the last round do not only hold for getting all onions, but also for true belief. Dumpers will dump along the way. They won't wait until the last round. Those who hold until the completion of airdrop will most likely continue to hold.