Announcement: Our KARM/BTC Market Returns
Although I am not opposed to this move, I think this news will have very little impact in the medium term 3-6 mths.
for starters karma will need to hold over 140 litoshi before the BTC market is opened.
and then if the BTC market opens up and the volume is too weak then Mintpal will simply bump it back down to the LTC market again.
I think unless we can get the market cap over 2 million dollars (where people begin to take the coin a little more seriously) then this move really is just fiddling around the edges.
so far karma has been drifting up stable, So lets see that the btc market brings us. do not forget that people deal mostly in btc market. i know if i have 1 BTc and if i want to buy karma promtly. first i will have to take some loses as i have to buy what ever ltcs prices sellers are giving me. Unless of course i just put in a desired LTC buy and wait hrs until it gets fixed.
I'm pretty sure we are lossing a lot of buyers who do not feel like going through this method.
At the same time a spread of 2 satoshi to 3 satoshis is %33 percent. thats a lot. it will create a lot of attention to people who day trade for %10 win.
But then i step back from all the trade market and i look at karma coin. Does it have active people pushing for it? Does it have more then just a trade option? Is there a sign of slowing down? then i feel safe and i believe all this irrelevant. Sooner or later it will get the attention it deserves : )
This is not a quick "get" rich coin. this is the kind of coin that you buy , walk away from the trades and get involved pushing the coin up. Do not invest btcs now and get frustrated after a few days.
I am hesitating to start a new project as this one deserves some more love
