Quark is not collapsing because people don't want to sell it , but those people will also not use it as paying for something because they want their coin to go up so there will be no usage.
Reminds me of a twisted version of prisoner dilemma
I had no idea Quark is collapsing :-) you remind me of some bitcoin-haters that said couple of months ago that it will collapse and will reach $10. No point hating a coin for the simple reason its different from Bitcoin.
Regarding your point about consumption I would rather attribute that to deflationary currencies than inflationary ones like Quark because if I hold 1 btc now I'm more incentivised to keep it till it'll reach a certain price in 6-12 months, while if I hold 1 qrk I know the value won't go up in price alot more because the protocol will create more quarks each year so I rather hold more faith in an inflationary currency for day-2 day transactions than a deflationary one, right ? I mean, all bitcoiners - myself included, are waiting for the moon so we can dump it and buy a island, but with Quark I don't have those aspirations and I only hope it'll be accepted at more merchants so I can use it for my internet purchases.
My words:
Quark is not collapsing
You start your phrase with:
I had no idea Quark is collapsing
Secondary , right now bitcoin is printing far more coins than quark , quark is at 1% inflation while bitcoin is at 10%.
So , all your mumbo jumbo from the first paragraph is flawed.
Third , let's compare how many merchants accepted quark this year and how many bitcoin this week.
Comparing quark to bitcoin is a lost battle.
Your words
Quark is not collapsing because .... , but
I've put more emphasis on your `but`so maybe I've misunderstood what you were saying between the lines.
Secondly, Bitcoin is a deflationary currency which makes my mumbo jumbo extremely accurate because a finite supply will always go either boom or doom. An inflationary currency like Quark has the potential to be used as a day to day medium of exchange but also a store of value for short-medium term, thus making Quark war with Bitcoin almost impossible but not lost.
Thirdly, merchants are more likely to accept a currency which has a relatively solid liquidity like Bitcoin than to accept Quark which trades so low that it wouldn't meet a local shop requirements lol, however lets see in few more years when the generations of bitcoins drops to a halt, lets see then how much liquidity Bitcoin will have then, people like me will rather hold long their bitcoin position than making day to day purchases. I hold more hope in Quark for the daily purchases having the fastest confirmation time for transactions and also inflationary status. The current battles are all won by Bitcoin and I'm glad it happens so because mainstream adoption will make people understand crypto currencies, only then the real war between cryto coins will begin.