So obviously this coin never get to the 30 satoshi limit... with only 33% of the existing coins on the market creating such a huge wall. There are around 60 BTC worth of LEAF below that limit. What will happen when the other 4 billion of coins will hit markets? I really hope that this coin will not get listed on Cryptsy, because then it's the end of it... at least for sure it goes way below 10 satoshi.
So I would ask that delay the listing on cryptsy as much as possible.
By the way, I am not impressed by the volume on coinmarket... most of that volume is made up by traders who buy at 24 satoshi for example, and then sell at 25; then buy at 24 back, sell at 25, and so on... it doesn't sound much, but it's actually a 4% profit/round. So if one makes this 25 times a day, just doubled his portofolio value. I think that was the game which pushed up the price, because more and more started to play it. Maybe some people from coinmarket.io can confirm my theory? Because I really don't see people buying LEAF to hold as a long term investment... As any altcoin, is just for speculation and serve to acquire BTC.
Would appreciate educated answers, not personal attacks.
This all is about right. Not a single trader I've spoken to plan on holding the coin long-term, and anyone that is holding the coin mid-term is just going to be making those 3-4-5%s on the fluctuations, until the sell book fills up and even those small fluctuations become impossible (kind of like what happened with MOON). If LEAF hits cryptsy before the big dump, it'll get stalled with the pent up sell orders. If it goes above 30 satoshi this weekend, it'll get dumped down to the low 20s.
It's really kind of a lose-lose scenario so long as there are a few billion LEAF sitting in someone's wallet. Doesn't matter what services you can provide, if the coin is gonna get dumped once it gains steam, nobody's going to want a piece of it.
Best case scenario, people dump a percentage of their holdings through the current buy walls, tank the coin early on, and let it rise and gain natural buy support. Then maybe later when it's heading toward 100, people can dump a little here and a little there and unload their bags of LEAF.
Too much sell pressure off the books, waaaay too much risk for whales or anyone else with the BTC to boost the coin. Dump some now, save some for later. Or everyone can just be greedy and screw each other over. I'm out of LEAF, so I really don't care.