it's still really undervalued though, should be 1= 0.1 and i'm not joking
If that happens I can retire
how did u get your hands on so many coins? I thought they were gonna be divided equally. I was on this thread since the start and only received 20... :/
Post your PMC address please.
Not equally. The very first got the biggest shares, and some stayed and distributed theirs (like me and Shanent, and a few others), and others just disappeared. I keep telling people that the price right now is meaningless because A) we're still quite a young coin for a long-term coin, B) we're only on a small exchange, and C) there are still some hoarders out there with big shares waiting for their moment.
The only comparison I can draw is with the early investors of NXT. If one of those dumped right now, it would crash the market. It's happened before, I think. This is going to happen to PMC at one point. There's little point hiding from it. However if you know why it's happening, then you know that it's an artificial price adjustment, and the market will correct itself once on of those hoarders dump. In fact it's a good thing. To increase distribution further there needs to be less hoarders, so although there will be market instability in the early days of Premine, this is something that happens with a lot of altcoins.
The difference with PMC is that there's no inflation of supply in the sense that new coins can be generated. The better the condition of Premine, the more coins you'll get by mining. The more you mine, the better condition PMC gets due to further distribution. It's a very good model. By mining, you're contributing to distribution and future block rewards. By trading, you're also contributing to block rewards. It all ties so neatly together.
Once we hit Cryptsy, there's going to be a dump. There'll also be a big buy up. This is exactly what we want to happen, what will happen, and will only cause the price to go up once the market has stabilised. The people left over in the long-term with the largest stake are going to be the ones least likely to dump their coins.
Currently we're on Poloniex, and the price is going up, but due to the small exchange volume that is not terribly difficult. Prices are going to fluctuate quite a bit, but hopefully in an upward trend.
