Important info for anyone riding this Silkcoin train. Many previous POS coins have had great pumps right before they go POS. This is because many people are collecting coins so they can gain the valuable POS interest, and that sounds like a great idea. But, and this is BIG....ALL OF THE COINS VALUE FALLS AS SOON AS POW ENDS. This is the period when smart people start selling to acquire their profits.
I'm not trying to spread FUD, I have nothing against Silkcoin. I really love it and think it's great! BUT I JUST WANT TO LET PEOPLE KNOW THERE WILL BE A LARGE CORRECTION ONCE POS STARTS. I know this seems completely crazy, but its what happens with all the other popular POW/POS coins that have been on this same path.
Join me when we hit the bottom of the correction and buy back in, this coin has strong development
I'm not trying to spread FUD, I have nothing against Silkcoin. I really love it and think it's great! BUT I JUST WANT TO LET PEOPLE KNOW THERE WILL BE A LARGE CORRECTION ONCE POS STARTS. I know this seems completely crazy, but its what happens with all the other popular POW/POS coins that have been on this same path.
Join me when we hit the bottom of the correction and buy back in, this coin has strong development
Wasn't black coin trading at 500 Satoshi after the end of PoW? They are consistently over 20k to 25k satoshi... just saying....
Judge Crypto
I'm not including Blackcoin in my analysis, just all the pow/pos Coins after blackcoin. Nobody knew about Blackcoin after its POW ended, it didn't become popularly known until a month after the pow ended.
Kind of not fair to leave out a comparison that does not support your argument. Also Silk Coin has offered a 2nd PoW phase unlike all the others. Silk coin was relatively unknown during the first phase. Then 30 days of PoS it got more popular. Then everyone knew about it and could mine during the 2nd PoW.
The fact is that if you try to hit a correction you may miss and end up with LESS coins than you started. If you KNOW a coin is undervalued just hold during the jitter as it rises. Silk Coin is a quality coin with quality devs and a great supportive community. The precedent is set for lasting value. Today's innovations are only the beginning. I think Silk Coin will change not only Crypto but social media!
After re-reading my earlier post, I believe it was misleading. I wasn't trying to encourage selling before my predicted correction, but more to understand that it's just a standard correction that had happened to many of the pow/pos coins after the pow stage ends.
Once again, to be clear...please hold your coins or get back in street the correction, silkcoin has strong development and I agree it will be a force in social media!
