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Price-wise, probably one of the more frustrating coins... Has a ton of potential, yet the price keeps getting hammered down repeatedly. Something not adding up.
10% insta-mine total coins.
which means 50% insta-mine coins of currently in circulation.
which means instant dump by the few who owns it as soon as the price moves up a bit
which means price will not be high for at least 6 months.
to make matters even worse they decreased the number of coins from 80 mil to 20 mil which makes the coin distribution even more unfair.
Yet apparently worth your time to troll.
Of course, perhaps your time is just worth very little. The hardcore facts suggest so.
Don't call him a troll - he's right. It would explain what's wrong with this coin marketwise. Every time it makes headway towards 20, no matter how strong or substantive the news, it gets dragged down (I wouldn't say hammered). My question, to Darkcoin believers, and to those who know how much of this "overhead supply" is out there - how long before it's run down?
Is 6-months a likely scenario - is that how much longer there is to wait before the road is cleared so this coin can rise above 20? And for those asking for patience, it's been like this for weeks/months while a number of other coins, with much less substance/news, have soared. The opportunity cost for holders of this coin has been huge (then again, so has the benefit of being spared from the volatility of scam/blipcoins).
I'm hopeful Darksend coming out to full release and the marketing push will help give this coin the massive attention it deserves. But dont dismiss those frustrated with its treatment on the exchanges so far - its price behavior has not been normal.
You're actually surprised by profit-taking? If DRK was widely expected to soar, that would've been built into the price already. That's how any financial asset works. There's no free lunch: returns always come with risk.
Feel free to move on to your pump-and-dump coins and country coins, since those are the ones that 'soared' (however briefly). Just one brief piece of advice for gambling out there in shitcoin-land: if everyone's talking about it, you're already too late.
