Kinda funny to sit at Coinmarket and see the SMC rush,keeps me woundering tho what do they have that we don't? and i can't fig it out
The cause of all this? Dilution. plain and simple. There is more than double the total amount of KDC coins available on the market today as there was when KDC reached 40,000. There will be three more times KDC in the market when KDC reaches halving in two months time. Based on our current market cap of $350,000, the market cap of KDC will have to increase by $1,000,000 just to maintain it's current price. If the market cap stays the same, with the level of dilution we are seeing everyday, the price of Klondike will fall to 2,500-3,500 by the time we start halving.
I disagree... CATcoin has the same number of coins as KDC and CATcoin is trading at $0.26 and hit more then $1 a few days ago. We have a good number of miners, and this for a coin that is already 3weeks old, one week ago there was panic, we need to do something as KDC is dying... KDC is not dying and you cannot control the coinprice. Be smart and buy low. If you believe in the coin then you don't need to change anything. 20M coins is not a lot, so reducing the number of coins would be stupid, why do you need to let the market decide what needs to be done with a coin. KDC has a plan, they are working on their plan, and i'm pretty happy with the prices now, as i know when we are getting closer to block halvering we will not trade at 3500 what you're suggesting but at 20,000. This is a coin that should reach a marketcap of 20M. Not today, not tomorrow, not next month, maybe next year or in 2 or 3 years.
We all have to wait and see I suppose. I do disagree with your point in the comparison to CATcoin though, Current market cap and same number of coins does not reflect the rate of dilution and you are missing my point entirely. CATcoin will have a total of 21 million coins compared to 19,948,654 for Klondike. And that's where the similarity ends. Klondike's block reward is 77 KDC every minute = 110,880 newly minted coins a day. CATcoin is 50 CAT every 10 minutes = 7,200 newly minted coins a day. So your math is completely off base. As you can see we are diluting our investments at 15.4x the rate of CATcoin. I consider even 2-3x excessive, but 15x is probably the most diluted coin in altworld. Is there any wonder why no matter how hard we try to attack the price, we get swamped by severe dumping every night?
I will say this again, the three year model to maturity works against the coin in the short-term. The rate of dilution with KDC's is incredible. I will add one positive note though, the level of difficulty should increase rapidly in comparison to other coins because of its short life span. That being said. in the short-term, it is a bad investment, but right before the next difficulty we should see rapid rise in price as more of the total KDC's in proportion to the total will be mined. This looks to be a long-term hold before we see the true benefits of its short life span. In short term we will get pounded by the increase in dilution and in the long-term we should see an increase in price because less of the total amount of KDC will be available to be mined in a short time. This is all theoretical of course and nothing is out of the realm of possibility when it comes to altcoins. I do have a nasty habit of clicking the buy button whenever the price falls beow 10,000. MUST RESIST....
EDIT: If you have to put the price of KDC and the rate of dilution on a graph you would probably see a decline in pricing all the way to the first halving and then see a rapid rising of the price after each halving from thereon. So, accumulating more KDC's at every price point doesn't seem like a bad idea. Once the halving starts, we should start seeing an increase in pricing. In six months, after the second halving, there will be only 27,000 coins mined per day. In a year, it will be 7,000..etc and then on will truly be one of the rarest coins. It will have the opposite effect we are experiencing right now.
Come to think of it, right now before the halving is the only time you will be able to accumulate any amount of KDC because of its short life span. So, in retrospect. This is interesting. I guess I am back to plan A. I'm buying as much as I can now before the halving.
