So if 18million coins are being produced in 1 year and being mined by a handful of people, wont there be a massive dump in price once it hits any market? Currently i see less than 100 miners in the network.
You got some seriously huge hands there, if they have 100 fingers each.
It's a total myth that only a few people mine it and then immediately dump it. That's not how game theory and economics work.
You can't dump anything if there is no liquidity in the market. Then why would anyone dump at all if there is enough liquidity and price goes up?
Bitcoin was mined by even less people initially than IRD (let's exclude Satoshi). Did they dump and "destroy the coin" (yes, some people really think an talk that way, not noticing this is not how it works).
Even if one miner out of many would dump? So what? This means a stash owned by one guy goes into the hands of many guys. That's exactly how it is supposed to be.
Did anyone who "dumped" BTC or ETH or XMR or... in the past gain anything? No, they got rekt and lost a fortune, each one of them.
You already know what the best thing to do is now. As you said: starting to mine
The network is public from day one and nobody was preventing anybody from mining. Those who don't mine do so by their own decision. Nobody there to blame. Especially when the coin's algo is CPU friendly so literally everyone is able to mine it. And no ASICs exist or will exist for the foreseeable future. It can't get better than this.
