Well I just did the numbers. Regardless of what happens I don't see how the price cannot go only up.
I am getting a market cap of like $40,000 right now. Pretty sure that is insanely low.
Even if dev left this coin will still be at least $120k cap within a day. There is no coin on the exchange at 40k.
I know everyone has a calculator.
If dev sold all the coins already then he's gone and the price would rise. lol... it's a win.. win win.
And at the current cap he could have already sold over half the coins by now already.
So everyone left makes money. Even all the people that bought them.
He would have been foolish to sell them this early anyways.
This will be fun. I'm not too worried.
I am getting a market cap of like $40,000 right now. Pretty sure that is insanely low.
Even if dev left this coin will still be at least $120k cap within a day. There is no coin on the exchange at 40k.
I know everyone has a calculator.
If dev sold all the coins already then he's gone and the price would rise. lol... it's a win.. win win.
And at the current cap he could have already sold over half the coins by now already.
So everyone left makes money. Even all the people that bought them.
He would have been foolish to sell them this early anyways.
This will be fun. I'm not too worried.
There's no way he sold all the coins, there's no volume for that yet. He could easily do a dump round 2 or round 3 and drive the price to the ground. Next he would shut down the site (why pay for a site when you have no use for it anymore?) and all the miners will bail cause the price will be so low.
If the dev dumps, this coin dies. Simple as that. You should definitely be worried.
25 BTC volume already that is $20,000 and the cap is $50k. Math.
Almost half the coins that exist have turned over already.
Right now something like 70-80% of all coins belongs to the dev. So even if he was the one selling every single coin on the exchange right now (unlikely), he still would have more to sell.
Then he shuts down support, faucets, website etc.
Miners start to bail.
If the dev is dumping right now, this coin is already dead.
