I'd buy 1000 for 0.1 BTC. That's what I'd value it at now. I'll wait until prices drop or someone wants to trade.
I have some buy orders down there too but I doubt they will get filled. The difficulty has been rising steadily for the past few days, we're at 5 already.
What will happen when difficulty reaches 10 or 15? These prices will be unheard of.
PS what is the total supply currently at?
From what I've witnessed, if another coin comes along that's far more exciting, the hashrate is going to drop, and then the assumptions of value based on the difficulty continually rising will not hold.
I do like this coin. I think it's pretty cool. Even have what appears to be, all things considered, a nice small stake. However, I won't assume the difficulty and price are just going to keeping going up. It will provided miner and trader interest keeps going up, of course. The PoS element is very attractive too. I know it's acted as a very good stabliser for Grain, which is my preferable PoS/PoW currency of choice right now, as the price/difficulty rises have been gradual and steady, and it's getting new shops accepting it on a regular basis.
It remains to be seen if Cash will have the same impact. if the hashrate dropped significantly, I could just solo mine 1000 in a couple of days.
1000 for 0.1 BTC is my estimate for a decent risk vs reward, given the coins that have been mined prior to this big difficulty jump.
forget that price, that's very low. This coin COULD well be $1 - $3 within the coming weeks but even if it is not that high it will not be as low as 1000 = 0.1btc. Never sell coins with zero instamine/premine from a good dev for peanuts. I have often done this and had huge regret. This coin is not your average shitclone. I have 1/4 my miners on this and i HATE taking any miners off of doge. Anyone even trying to buy in will always try to tell you the coins are without value.
See my post above. I have stated it could have value, but to counter your argument, early instaminers could also be hyping the coin up for a dump. It works both ways. I'm speaking purely from a risk/reward perspective, all things considered.
Like I said, I have close to 500 coins. It's not a bad stake. I would like to hold at least 1000, and leave it at that, but I'm not willing to risk 0.2btc for it.
why would someone sell to you when exchange price is over 0.2 btc / 1000?
They probably wouldn't, but for it to be a profitable risk for me, the price would have to be 0.1 BTC / 1000.
I already have close to 500 from mining just a day or so ago. Maybe I'd feel differently if I had none at all, but the difficulty has gone up very fast.
