It goes both ways.
Hahrate increate tends to make the price go up.
Price goes up a lot, causes more miner to mine the coin, makes the price go up again.
only when the coin has the first mover advantage and there are no other realistic competitors, like in the case of Bitcoin and SHA256
for example.. if you buy a SHA256 ASIC.. you don't have any other real choice than to mine Bitcoin so its hash rate is constantly forced up. Miners are forced to keep on mining and hoping they will get a ROI so many hold onto the coins they mine.
this is not the case with Scrypt coins however because there is ALWAYS a more profitable SCRYPT coin mine so the hash rates go up and down like crazy as each coin raises and falls in value.
we saw this when Dogecoin overtook litecoin in Hash rate.. then the Aurora boom... in such cases Hash rate alone is no indication at all that the price will remain high.
That is TRUE.
I mine bitcoins and I hold on to them simply for ROI reasons. But when I mine scrypt, I mine the most profitable coin vs either LTC or BTC. So when karma difficulty goes up to the point where it's not making me more than mining LTC, I move on to next coin. Back when the difficulty comes down.
i am not going to talk about prices related topic here anymore. i will focus on helping thecoin grow even bigger.
what i understand from your post is that you are mining our coin to convert them back to LTC. you are not keeping the coin. that is fine. its free market and you give buyer that can not mine ability to own coins. you are a great help to our economy
what some of the people are telling you is that: if you hold your coins. you will be able to sell them back later at x100 more value. they are saying that this coin is still undervalued and it has not reached its optimum worth yet. Litecoin is a great coin and together with doge are the only few communities we look up to. we see them and analyze them. Do you agree that Karma is not even in the $1 mill market cp yet? you know we are pushing it to be in the Billion market cap? therefore even if we reach doge market cap the coins value will be so much worht than its is now.
by that logic. do you see karma coin reaching a 30 million USD market cap by the end of the year? Wouldn't it be a better investment to hold this coin and hop on some other coin that is made there purposely for the pump and dump and then killed?
Rule of thumb. Never sell short a coin with a purpose
that leaves me to the promotion sells. if you have no idea what the team is doing for this coin here are some notes:
www.lill.com : First search engine that will reward you karma as points. Lunching very soon. a simple beta is live
KarmashareLLC : the "foundation" as you may call it for karma coin. where anyone can be a member by buy shares with karma! over 8.4 Billion coins already invested in it. Aka out of the circulaion for now
www.karmashare.me : the first social network for crypto enthusiast. where people post things and they have a karma coin address integrated in their profile and anyone can tip them.
Wespond (video Q&A community) - Soon to lunch video service where anyone can get payed in karma for educational or any use of video stream tutorials
[
http://karmashares.com/forums/index.php/board,21.0.html ]
Hireplex (video job interviews) - development [ Hireplex (video job interviews) - development ]
EyeQoo (location-based mobile shopping) - planning/development [http://karmashares.com/forums/index.php/board,23.0.html]
FABRI₭ (Karma branded clothing and accessories) - live [http://karmashares.com/forums/index.php/board,25.0.html ]
Viralt (social news and entertainment) - planning [
http://karmashares.com/forums/index.php/board,24.0.html ]
okay i got a bit lazy and i did not explain them all. you can click then links and get an idea soon. This are simply some project that have already started. Once we gain some more recognition we will hire more devs and more personel to help push them out and work on many other project that are just ideas. Some many project. so many ideas. All thanks to crypto world.
all of this project are implemented in the karmashareLLC and any profit they make will go to the LLC. There are some damn good projects there , but even if one explodes so big and say get an offer by google or some one else to be bought for 1Billion USD, you would have to be member of the LLC to vote on it. Everything is transparent.
Please read up and think twice about selling this coins cheap. In near future people will fight to buy them off you so they can invest in the LLC.
And not to mention by that time we would have enough revenue to create thousands of company branches and we WILL be the company that WILL help those who do good.
So i suggest everyone to not pay attention of the trades unless you are looking to buy coins cheap. Instead if you have skills that can help us with any this project , volunteer!! Look at how much we are accomplishing so far. Help us grow faster.