"AN OPEN MARKET
The price of Crown is determined by supply & demand, use, trading and mining."
HODLing does not increase price of CRW. How people can use Crown as mean of storage/exchange when there is no supply on the market.
I´m big fan of your project but with the limited supply is not many chances Crown can reach some wider adoption anytime soon which could price increase.
This is just plane wrong.
Hundreds of thousends of coins have been dumbped in the last couple months, and 200k+ has been added to the sell side on ccex. Liquidity is here.
Market cap is 100k ATM, people hold strong when the market is down.
Put a few buy walls up between 500 and 1500 sats like everyone else did.
Someone bought upto 5500 sats to get a good stake, this is all normal, IMO.
People should keep in mind that markets (coins) with features like masternodes usually lead to people keeping all of their coins off the exchange. You will not necessarily see sell walls like in other coins where there are no masternodes. This is simply because there is an opportunity cost to keeping your coins on the exchange.
That's something I forgot to consider. I was listening to the Perry Woodin interveiw and I remember him mentioning Dash was unlike other coins in that a cascade of selling doesn't occur as much with Dash because of masternodes.
For what it is worth -- it's not hard to accumulate a lot of coins through CCEX. It just takes a little time, and like any emerging market you have to be comfortable with some price volatility.
The classic way to accumulate in a volatile market is to be a "liquidity provider" -- to use fancy market terms. A liquidity provider is the guy who just puts his orders out there to buy. The clearest sign that there is an abundant supply of CRW available for purchase is what's happened to the price over the last few weeks. Prices don't decline when there are too few sellers. It's just that the sellers appear to prefer "sniping" -- or hitting open buy orders to setting up laddered sells and acting as "liquidity takers" on the sell side who would soak up demand for coins.
Sniping is frustrating in markets but it is part of the structure and part of the game. We are all familiar with sniping from eBay auctions -- and exchange auctions have their similarities.
For what it's worth, the snipers tend to think they are smart -- by not showing their hand, but sniping is economically inferior to playing the role of liquidity provider or liquidity taker. The sniper will tend to sell for less and buy for more by hitting existing orders from the dark. And as everyone's instinct is correct in pointing out -- a large order book is healthier than a small order book.
That said -- we also have to recognize where the CRW project is in it's life. It's just getting started to get started -- and my guess is whether one is buying at 4000 or 800, isn't going to make a difference in the long term because the project either works and CRW becomes a useful platform or it doesn't and it flames out.
The key is just if you have the stomach for the risk that it may not work - and also the stomach to hang on if it does.
thanks for the explanations guys. I will follow your advices.
I´m hoping I will be able to earn some Crowns some other way. I´m not used to buy coins much I rather prefer to earn some.
I have ready pull request for https://walletgenerator.net/ so they will add Crown support to their website. I´m aware that you have already paper wallet generator on your website but I think this could be a good way to let more people know about Crown and more option to generate they paper wallet. Crown will be coin number 130 there and just above Dash on the list.
Only one thing I need is the new Crown logo in .png format in 300x300px resolution.
Once I will have this I will submit the pull request if you have nothing against it.
Thanks for that! Hopefully we'll get a big set of different size logos soon.
What are your skills? Are you good with a QT?
Ok will wait for them.
I´m not a developer...I have just basic programming skills.
I´m more marketer and sales person which could be useful in near future.
In the meanwhile I found 2 mobile apps with Crown support. Both of them allows to keep track on your cryptocurrency investments on the go with nice price alerts.
1. http://www.blockfolio.com/
2. https://www.coinigy.com/apps/
They are not pure Crown apps but I think they are quite useful and should be added on the front page of the Crown thread.
Soonish I should have some other quite cool service which will be supporting Crown.