wise are the ones that stay calm during the storm.
a non pre mined coin is the best kind of coin.
I agree with you and I am planning to buy more, but I would still like the dev to consider moving up the halving and reducing the total of the supply on KDC's to be mined. There has been HUGE buying support, but people are getting discouraged because every time they buy there are more and more sellers and dumpers, that is a direct result of the goal of having the entire supply mined in three years. You will have a ton of KDC's being mined everyday. If the coins were being mined at a normal pace, there would not be enough coins to mine and dump everyday. In another month the total amount of KDC's in circulation will double and triple again. The KDC community is getting discouraged because no matter how many we buy there seems to be non-stop supply coming online everyday. This is a direct result of attempting to get all the coins in circulation in three years. We need a reduction/halving of the coin sooner and the total amount of KDC's to be reduced. This should at least be considered?
The Klondikes are not a rare coin. The total supply that will be in circulation has nothing to do with the coin being rare. In fact, at the current pace it is being mined in relation to the total expected supply, the coin is the exact opposite of rare. It is being mined so fast in order to keep on the 3 year schedule that buyers are having a hard time keeping up with the mining and dumping and this will not stop anytime soon. The pace the coins are coming into play in order to meet the three year quota is saturating the market IMO.
There is a negative momentum going into play here because of too much supply coming into the market everyday. We used to have people buying KDC's in BTC, now its only in small amounts because, everyone knows there will be dumping going on in the morning from miners of newly minted KDC.s. We can stop that immediately and turn the momentum around towards demand by halving and reducing the total of KDC's mined. Just my opinion. I want to add, I will be buying more KDC's everyday and I support the coin. But I believe the dynamics of the coin being on a schedule to be fully mined in three years is working against the success of the coin. The devs can reward early investors and still keep the principles of KDC by changing certain aspects of it in order to improve upon the success of the coin. Just as they decided to add Kimotos Gravity. Go Klondike!!!!
This makes no sense. The amount of coins is constant. It's 77 every minute. It isn't being mined any faster or slower than the rate has always been. It is going exactly at the rate it is supposed to go at, on average. As is every other coin out there. It halves every 100 days or so, which is already a lot faster than most coins out there, why would you want it to halve even sooner?
What you're actually complaining about is that the buy support isn't standing up to the sells. Not enough people want it, so people keep lowering the price until someone buys it. This may be because of the gravity well, as coins only gain value as they become harder to get, which requires the support of large mining pools.
Honestly, a drop this low is not warranted right now and seems to be mostly panic selling. You may want to fix the problem and reward the faithful, but all you're going to do is alienate new miners and buyers. I've watched this happen on coinmarketcap quite a few times where a coin bottoms out, the mining drops, and suddenly you see a coordinated effort to mine and raise the price and the pump becomes the greatest advertisement you can have - at least briefly. You always need something to make them stay.
I don't know if we'll ever get pumped like that, but I don't see any reason we should be sold off as badly as we are either. I'm going to keep holding for a bit either way.