Just can not understand.Why this coin can reach so high
It's not that difficult to understand if you know good of a marketing team they hired is, and they hired it at just the right time, Dash was finally get the recognition it deserved, and broke true the Troll-army that BASHED DASH, no stop.
Allot of people fall for this FUD. PIVX was able to Pivot (lol even the name is an inside joke) Against all does users that than started say he DASH is great, but the trolls are right, but look at PIVX wow, it does not have any of DASH it's problems, and because people where unable to understand they fall for the FUD, they where also unable not to fall for the marketing off PIVX
You must understand that great deal of people investing in crypto actually lacks sufficient knowledge how things work, in fact most people do as you need to have multiple fields of expertise to understand it all, and unless your fulltime in crypto changes are you'll will not get them any-time soon (I am full time in crypto and yet I learn new things every day)
Also its not just about what a coin can do but also allot of users just invest via the graphs and draw lines on it, these don't even care about the product.
Also this coin had 70% fast mine in less than 100 days and completely the POW minining fase at 181days, and after day 181 it became POS, and the big holders from the early day's can just keep selling their POS coins(it actually is breaks their best argument if you undestand the 10% instamine of DASH vs 100% fastmine of PIVX). Further more Masternodes started earning start from the start:
PoW Rewards Breakdown:
[Block 000002-432000] 20% MN (50 PIV) / 80% MINER (200 PIV)
[Block 043201-151200] 20% MN (50 PIV) / 70% MINER (200 PIV) / 10% BUDGET (25 PIV)
[Block 151201-259200] 45% MN (22.5 PIV) / 45% MINER (22.5 PIV) / 10% BUDGET (5 PIV)
*found here:
https://forum.pivx.org/t/pivx-announcement-information-thread-english/68What this creates is that a few people own that the supply and that supply is constrained, the early holders are not planning to flood the market just yet with their coins, they are smart and slowly selling off their POS earnings.
The big whales that play around with other coins have not yet bought up enough coins to start playing with it, like you see with other coins that have a better distribution. At some point it will end do but when ?
But having this said, their is a chance now that PIVX has allot of market cap they may actually will start building stuff as well, but before that that can happen they need to FIX one big thing, namely how to get POS working with the Governance Model. The funny thing is the biggest change that made is going 100% POS, and yet that actually probably broke one of the most important features they copy pasted from dash the Masternode voting budgeting system, I am not sure do why it broke, but the DASH budgeting system still works fine do, and if it could have been broken by the same bug/error, I am certain people would have already attacked dash on it.
This is just what I have learned about until now, still looking into it.
