So are you a developer?
Can you explain why that happened? The price was stable for a long time it seems and now it jumped that hard? Any news happened or was that only price manipulation or something like that?
What do you mean what happened? A couple of whales who re interested in 50% stake rate and a coin which is obviously long term investment happened.
No manipulation, no major dumps, this is what people like and this is why DMD Diamond s been around for almost 2 years.
Sorry, but that looks more like pump and dump. Especially when the price was very stable all the time and then suddenly it is rocketing.
Might be that its a good stable coin but i would be feary that the price will drop to the old levels fast.
I understand your concern, it s not up to me to convince you to get into DMD or not. I ll just say we are about to celebrate 2nd DMD Diamond Bday in a few days. How many pump and dump coins you know have survived that long? Nah, DMD Diamond s not a pump and dump coin.
You might be right. I'm not so much in altcoins that i can judge this. How long did the other pos-coins survive that died, maybe created as a scam from the start, or so?
Very few other PoS alts survived their first bday. Also, many other alts are based on premine where devs just wait for the price to go up to unload these premined coins and kill the entire coin.
With DMD Diamond, it s a bit different, this coin has been very resilient to pump and dump, the price s been going up constantly, slowly but going up. IMHO, it s a safe long term investment.
We celebrated the second DMD Bday yesterday, take a look at the cakes. https://bitcointalksearch.org/topic/m.11870935
In case anyone s got any questions about DMD, let me know, I m always glad to help.
Are you one of the developers? When i would hold some coins of them, how would i hold them so that i would stake the most? Simply in my wallet, should i create blocks or use a service that does this. Whats the most profitable way to hold these coins?
That s the beauty of DMD Diamond wallet. All you need to do is to get as much as can/want, place it your wallet and wait for it to age and mint.
Differently from lots of other PoS coins where you need to rearrange you block all the time, follow difficulty so you can start minting when it s low etc.etc, with DMD, all you need to do is have coins and put them in the wallet. The wallet ll do everything else for you and you will get 50% annual stake until the next block halving.
This coin is designed for people who have no time to follow the market constantly and would like to have stable and sustainable PoS income. This is why I like it.
Yes, I am a member of the dev team. This is not a one man coin, we have several people on the team. The minimum staking age is 9 days and your coins will stake some time after that.