I have some points:
1 - Ok, miners and expert people mined a lot and sold all their coins. The results is the big drop from the starting price (It's understandable)
2 - Let's consider the price going down to 0.005 - We would get a LOT of buyers at this price, which will make the chart rise again, right? Because most of the buyers and ICO investors bought at 0.01... I doub't there will be a big sell orders in less than this ICO price.
3 - If the price went down to 0.01 or 0.005, there will be not a worth price for miners nor ICO investors to open a lot of sell orders due the low price.
So... Let's wait for all the miners sell their coins, make their profits, wait for the big dump after people sell all their bonuses coins and we will get the real market value. Plus, there are a big number of investors waiting for this dump, so they can buy at low prices.
If I am wrong, correct me with valid arguments.
Thank you
1 - Ok, miners and expert people mined a lot and sold all their coins. The results is the big drop from the starting price (It's understandable)
2 - Let's consider the price going down to 0.005 - We would get a LOT of buyers at this price, which will make the chart rise again, right? Because most of the buyers and ICO investors bought at 0.01... I doub't there will be a big sell orders in less than this ICO price.
3 - If the price went down to 0.01 or 0.005, there will be not a worth price for miners nor ICO investors to open a lot of sell orders due the low price.
So... Let's wait for all the miners sell their coins, make their profits, wait for the big dump after people sell all their bonuses coins and we will get the real market value. Plus, there are a big number of investors waiting for this dump, so they can buy at low prices.
If I am wrong, correct me with valid arguments.
Thank you
Yes you are correct. I will buy back with the profit I made first day mining when it dumps.
You guys need to learn something. Mining will go on and on. The reward for every block is 7500 coins and there are 1440 blocks in day. That's 10M new coins everyday being dropped at the market. 10M at 1k satoshi is 100BTC per day. Even if they get the queen to support this shit, the queen will end up begging on the streets. LOL, price stability level 10 satoshi.
Yes, perfectly. But you are not considering that all these coins will be not mined for the same person. So... If you need to keep your computer turned ON for 24 hours to earn like - 300 coins. Still worth selling it at 0.005?
300 coins x 30 days = 9.000 ETN x 0.005 = $45 montly. Does it worth the effort?
Still to be considered that: + coins mined = + difficulty.
Mined it with gpu's. PC is not worth it. Latest miner softwares give the best hashrate, 2400h/s on single vega 64. your pc will die on overheat. 2400h/s will give you 4k dollars at this rate. go mine this coin quickly.
What is the latest software? I have two Nvidia 1060/6GB cards, and I am only getting 500h/s per card(1K total) Is that Vega 64 that much faster?
vega. your hashrate is just right. Maybe try OC mem. find the G-spot.
