I am new to cryptos and have bitcoin but read about Dutch coins on one of the articles. Last two weeks it looks like guldencoin is about to die as the price is going towards 1 and everyone selling out but EFL price has stood up very well. Will EFL price increase in the future?
It's allways difficult to answer questions like these, like where do you calculate in. If it's euro's I will be quite possitive the price will rise but when it comes to bitcoin we need a bigger community then we have now. At this moment in time the dutch have a huge advantage over the rest of the world, as we can buy bitcoins, or eGulden, fairly easy with the use of iDeal. However if you look at the greek situation of today and think about cyprus some years ago, this easy access can fall away aswell and then it will be a lot more difficult to get people to invest in the coin. Therefore i feel the urge to succeed before the other system fails, if we wait for that it will be too late and the satoshiprice will be difficult tot maintain. We need people who talk about our coin with friends and family to achieve that, let's hope we will manage, to help our supporters we opened a give-away here so you can introduce people without any cost: egulden.org/community/vrienden-van-de-e-gulden
the problem is the multipools are sell guldencoin, and thats a couple of millions
just wait a couple of months and the price is up
Your so called problem is called inflation and also happens to EFL. The inflation of NLG (by the way this is the efl thread, thank you) will be 1000 per block for still quite some time. It makes completely no sence to buy a coin where 75% of the coins still have to be generated. NLG is way overvalued today because it's blockreward will halve after the bitcoin blockreward will halve. This means the europrice of a coin will rise drasticly and the new coins will be more expensive then today, even at the current satoshi price. Ofcourse it's fun to be able to spend your coins in a shop, but the only reason why EFL can not do that at the moment is because the NLG community does not want our coins to succeed and therefore is not honoust to new merchants they manage to get hooked on their coin. They just do it for NLG and nothing else, some shops don't even accept btc, but our coin has everything ready for merchants to start accepting EFL and I'm quite positive they will after they hear on the news our coin is worth 5 cents / 10 cents / 1 euro Personally i would feel scammed if i find out after 1 year that the people who sold me a new form of paying where not honoust about some competition and that's why I tell everybody who I sell EFL to that there are multiple gulden in circulation, but I am most connected to EFL.
The reason why I choose EFL in this time is simple, the amount of shorts on the market (meaning, all the coins that have not been generated) reduces way faster then NLG and therefore has more potential to be the first to achieve a pricelevel that people outside of this small cryptocommunity will notice. Also, the opportunity I got with EFL was given to everybody else, but it was me (and the others of the team ofcourse) who took it. I am not affraid to pull this cart and show the people in this country how things can be done different, the people that are affraid to stick their neck out can be found in the NLG community, as they throw the towel in the ring as soon as something which they cannot control happens to them. I feel the people who chose EFL are the ones who really want crypto to succeed and understand the fundamentals of cryptocoins way better the the average NLG supporter, because let's be honoust, you just called inflation a problem, mind if I laugh?
I love to read Luuk his way of dealing with EFL, just use it as a store of value and when we manage to gather more community you can do wallet tot wallet transactions with your friends and family. Before we are there we need to educate the people that selling your EFL for euro's is not mandatory to fullfill a transaction, all we need is a new form of thinking. I already managed to repair my car with EFL, buy a dish antenna for internet in liberland and some other small stuff, so everybody who say's EFL cannot be used just has no imagination and tries to blacklist our coin or promote their holy NLG, but the fact remains that EFL can just aswell be used for payment transactions as any other coin.
