I think people are buying with the thought that they wont be able to mine like it was in the first POW
I was getting 1000silk a day on first POW this one i will be lucky to get 100 silk a day. Everyone is going to rent RIGs and make it super hard to mine. Just my thoughts on the pump.
Exactly
While you are right with "No coin has ever risen during a short intense pow period"
This is not first but second pow period and thats completely different!
Price is now 1000 SC for 0.035
But what happens when in order to mine 1000 silkcoin you will have to rent for 0.06? Will you sell underpriced? Of course not, you will hold or you will not mine. And it certainly looks like people are going to mine. Silkcoin community is great and nontoxic and I gurantee you there are hundreds of people just reading the topic, waiting for next pow in silence. This coin is a stable Island in the sea of scams and broken promises.