I've been thinking about the uniqueness of Quark's distribution.
All coins when first issued are raped and dumped by the botnets, etc. In fact no coin can overcome this relentless raping and dumping. All coins nearly die from it. Quark was no exception.
But now because of Quark's distribution, nearly all of its coins have been minted, there can be no more raping and dumping. There is no more constant downward pressure on the price. Now the price can increase with time.
I think that it is this natural price increase that is attractive to hedge fund investors and will result in Quark challenging litecoin's price of 0.025 btc.
All coins when first issued are raped and dumped by the botnets, etc. In fact no coin can overcome this relentless raping and dumping. All coins nearly die from it. Quark was no exception.
But now because of Quark's distribution, nearly all of its coins have been minted, there can be no more raping and dumping. There is no more constant downward pressure on the price. Now the price can increase with time.
I think that it is this natural price increase that is attractive to hedge fund investors and will result in Quark challenging litecoin's price of 0.025 btc.
What has this to do with the issuing of new coins?
Do you thing people trying to manipulate the price will go away once no more coins are issued?
People will stop dumping ? Why should they?
We know far too well that cryptos are used for 1% shopping and 99% trading right now.
The number of coins minted is very very small compared to the number that exist already. So if newly minted coins are dumped the price will not be affected.
Second, the "botnets" have better coins to mine and dump for profit thanks to the likes of Doge.
Third, big money will buy and hold (hoard) coins for investment purposes. By hoarding, the number of coins traded will decrease, driving up the price. The big money can hoard coins and not worry about millions of new coins minted daily like with Doge and other coins.
First.
It doesn't matter. There is no rule for new coins to be dumped. Old coins can be dumped too to manipulate price.
http://bitinfocharts.com/top-100-richest-quarkcoin-addresses.html
The first holds 5% of the total mined coins. When he's getting drunk in a Saturday night........
Second.
Botnets have only mined cpu coins. Usually botnets don't have the power to compete with scrypt farms or sha256 since the rise of the asics.
That's why the largest botnet stopped mining bitcoins , it wasn't profitable enough.
Third.
It may sound good in theory but hoarding to drive the price up makes people hold to their coins , using it less , driving merchants adoption away and driving the demand down. It's a double edge sword.
And how will the price increase if nobody sells? And why should anybody sell if nobody else sells?
Prisoners dilemma improved and more tricky.
