where is the successful coin with bid auction last for one - two years? tell me!
what does time duration have to do with it?
tell me a successful coin that has lasted for 20 years with POW ................
There have been successful coins that have used many different distribution methods including auctioning off coins , duration of distribution doesn't really have much influence on their success , development does .
yeah. dev will succeed to get money.
only we will fail to get rich.
How will you fail to get rich by investing?
when an auction happens , its the users that determine the price, its the top 7 peoples offers that get the blocks, these will likely be around the same price as current market value.
once the coin rises in value, the bids for the next auction will be higher because the coin has a higher market cap, giving those who buy coins in the auction to sell those coins because they just bought them for roughly the current rate.
then after a few more weeks the price rises again, maybe people who invested 4-5 months ago now have a 100% profit on the coins they bought at auction 4-5 months ago, anyone buying into the auction now will be paying almost market value and will not dump their coins because they wouldn't make any money, this protect your investment and allows you to sell for a profit.....