The problem of crypto is that it always repeats the same stupid model.
First phase - nobody cares, its called "randomisation phase". Just a coin release and nobody knows what will happen. You cant own them all because there are gazillions of coins coming to the market so even the best investor has to satisfy with random luck when choosing which coin should "make it".
Second phase - pump. It depends only on the success of its own success. Market cap or future market cap is totally irrelevant. Pumped coins get more pumped and point attraction. Its typical for them that the value reaches the value which the coin would get in few months or years in the best scenario of its future.
Third phase - dump. After peaking there appears a dump which takes usually few weeks. People realize that the value is really too big and start selling. It takes a while until the coin loses all value made by pump. Then usually comes the next phase
4th phase - re-pump. When the value gets low enough and the coin gets slowly forgotten, there usually comes a re-pump usually made by new hype, few whales or just because it has fallen to satoshi value and technically it cant drop more. Because the coin is slowly forgotten, not too many sellers are active and watching the market so the pump is now possible again.
And then follows the 5th phase - last dump. After the last pump and dump the coin is usually stabilizing and being useless for Pump and Dump so it gets totally forgotten and left by everybody who is trading it for profit only and now the coin must show up his real abilities and innovation.
No coin has survived the 5th phase yet except bitcoin and maybe litecoin (however its discutable because litecoin has no real use). Doge is now between 4th and 5th phase. Mint is at 2nd phase.
Its very annoying that the price went to insane hights and we still dont know even a shit about its functionality. Will do the PoS work? Will the PoS be positive? The coin is one big pre-order, you pay for something what didnt show up yet. And its very annoying for real investors because they cant make a fair buy-in when the coin shows some potential. Just because they will come too late in potential dump phase no matter how well the coin will work.
First phase - nobody cares, its called "randomisation phase". Just a coin release and nobody knows what will happen. You cant own them all because there are gazillions of coins coming to the market so even the best investor has to satisfy with random luck when choosing which coin should "make it".
Second phase - pump. It depends only on the success of its own success. Market cap or future market cap is totally irrelevant. Pumped coins get more pumped and point attraction. Its typical for them that the value reaches the value which the coin would get in few months or years in the best scenario of its future.
Third phase - dump. After peaking there appears a dump which takes usually few weeks. People realize that the value is really too big and start selling. It takes a while until the coin loses all value made by pump. Then usually comes the next phase
4th phase - re-pump. When the value gets low enough and the coin gets slowly forgotten, there usually comes a re-pump usually made by new hype, few whales or just because it has fallen to satoshi value and technically it cant drop more. Because the coin is slowly forgotten, not too many sellers are active and watching the market so the pump is now possible again.
And then follows the 5th phase - last dump. After the last pump and dump the coin is usually stabilizing and being useless for Pump and Dump so it gets totally forgotten and left by everybody who is trading it for profit only and now the coin must show up his real abilities and innovation.
No coin has survived the 5th phase yet except bitcoin and maybe litecoin (however its discutable because litecoin has no real use). Doge is now between 4th and 5th phase. Mint is at 2nd phase.
Its very annoying that the price went to insane hights and we still dont know even a shit about its functionality. Will do the PoS work? Will the PoS be positive? The coin is one big pre-order, you pay for something what didnt show up yet. And its very annoying for real investors because they cant make a fair buy-in when the coin shows some potential. Just because they will come too late in potential dump phase no matter how well the coin will work.
In the meantime, that premine is going to make the creators bank
Mintcoin is unique, being negative about it won't get you anywhere. Maybe invest in Karmacoin, you might need it.
Really? Cause I see PoS implemented in Peercoin and Ultracoin, as well as various others.
To my knowledge, no coins are purely POS. Only mint does (after 5 weeks of mining)
Or lack thereof. Mintcoin is the quickest coin to jump to PoS stage. Yes, that's it.
