Guys, have a look here :
https://beta.bittrex.com/Market/?MarketName=BTC-NAV (click on the distribution tab)
WTF? W....T....F
Do you know that Navajo Is PoS and offers 20% interest this first year ?
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| Proof of Stake | | | | Min Age | 4 days | Max Age | unlimited | Minted Blocks Maturity | 60 | Stake Interest | 20% for the first year 10% for the second year 5% for every following year |
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Why so many of you guys keep your coins in exchanges when you could staking your holding for a great 20% interest rate? I don't know if it's just me, but I really don't like to see that many coins being kept on exchanges while it's clear this coin will not M00n soon or drop.
If you are interested in Navajo and want to see the price increase, then we need to lower the amount kept on the exchange.because for newcomers there are 2 absolute things they will look into before investing.
first is : "damn, the price was sleeping at around 300 satoshis for so long and Bam! it is now 2k sat?"
second is : "Oh My.... look at the current distribution and coins hold on the exchange... omfg, if I buy, will they dump on me? am I buying into a distribution phase?"
...so, you see above, that it can be risky for newcomers to invest (not talking about 0.1 crypto players, but real money, dolphins,semi-whales and whales...)
If you are interested in Navajo and want to see the price increase, then we need to lower the amount kept on the exchange.install the wallet and move your coins out of bittrex