Just to clear up how the coin is doing, our 24hr volume on coinmarket.io is currently higher than over 55 markets on cryptsy
. If you look at coinmarket cap too you will also see lots of scary lines going down. hang tight, we'll go the right way soon
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I'm pretty sure someones still manipulating the market on coinmarket, as i was buying up some low sell orders ones a far bit below what i was merrily buying kept appearing..
Plus points on KDC:
1. Low number of coins
2. Active development team
3. Long time before all coins are mine
4. Good hashrate
Negative points on KDC:
1. Lake of promotion
2. Lake of sites that we can use KDC
3. Site to allow people to buy KDC in $ (based on exchange prices)
Action point:
1. Allocate a person that promote this coin all day long, give him some coins to do this. Give him 500 coins or so
2. Use twitter more to communicate to investors/miners so that they can retweet
3. Focus more on one topic to be completed and not a list of topics, as it looks like in Feb KDC will delivery 10 new things.
I will dispute the point on low number of coins as a plus point. There are coins with only 42 available, 10,000 etc... The total number of coins is not a selling point because the price per % of a coin will always reflect the amount of coins being introduced into the market.
My concern is not the total/low number of coins, because I feel that it is not directly related to the value of a coin. My concern is the rate of dilution. The fact that the KDC coin will completely mature in three years means that the rate of dilution is extremely fast in comparison to other coins and that means the rate of support has to increase in proportion to the rate of increase/dilution. In proportion. the daily dilution is superfast in comparison to other coins and makes this coin the opposite of rare.
We are seeing the direct result of what happens when a coin gets diluted out of proportion to the demand. There has been HUGE buying support of the coin, but no matter how much buying goes on, there is 100,000 newly minted coins getting dumped on every day and its hard to keep asking the KDC community to keep buying as the price goes down. Every day we see four or fives times a day someone sells 10K of KDC at whatever price he can get.
On that note, Im going to close my eyes and just keep buying. Its only coin right? Its not like its real money.
Maybe all true... but lets do the math... 20M coins and now trading at 0.00006500 this means ONLY 1300BTC FULLY MINE!!! THAT IS ONLY $1M, there are a lot a coins that are now trading above $1M and not fully mine. And a lot of them have a weaker development team and also had wake marketing.
But it is basically simple. 500 miners on KDC, 500 people that have 100 friends on facebook. SPREAD THE WORD, that is indirectly already 50000 people that can buy KDC coins, then 100,000 newly minted coins is NOTHING. And if those 50000 people spread the word further then you already reach 5,000,000 people. Only 4 KDC coins per person...
Let us use the network that other people already have put in place for us. $1M is you have 1000 people investiging in KDC then it is only $1,000 per person. I'm sure that this is not a lot, and there are a lot of people that want more then just $1K, i'm sure that development of this coin didn't sold any coins at those prices.