i'm sorry to say but another exchange wont affect the price, the coin needs PR and further developement, but i'm sure you guys are busy with that
Yes coin needs PR but sorry what another exchange? You think coinswap is exchange? You must be kidding.
Any exchange below 100BTC/day in total trades is funny and coinswap is not even close to that.
Remember CR (not saying that coinswap is such) but simply don't trust them.
So yes, Mintpal can/will make difference.
we have 2 exchanges and they are fine
What he meant was exchanges with High volume, people are weary of moving their BTC to smaller exchanges, not that they are bad, but because of what happened lately with cryptorush and others that were not designed with enough security measures in place. We will seek secure known exchanges that will make investors/traders feel safe. However, I would like to say here that I have talked with the developer of coinswap, although the method used is not popular yet, but I do like the idea, this exchange should get some investors behind it. The fact that your coins do not sit on the exchange for long is very safe, however, that does not allow for day trading and instant pickup of underpriced coins. There should be a an adjustment where the trader would have a certain amount of coin for daily trading before the system sends the coins back to the wallet. Not sure something needs to be adjusted somehow
I think coinswap said they will soon allow storage of coins, same as normal exchange.
Getting on any decent exchange gives miners a place to dump and with exposure comes the inevitable "premine scam" trolls which have a big influence on price. Look at UTC, happened already, even though it is good coin with good community. VTC is doing well simply because it did not have to deal with this. Caishen will be up against this so good chance price will drop more than go up. Not bashing, just stating reality, premines are just not that popular unless the coin gets real world traction.
I think there is no qty of coins for dump, IPO got i think arround 0,2% (based on 34 BTC's collected in IPO - at least that is what can be found in public wallet) of coins, rest up to 2% goes for development, bounties, etc, bigest investors are 10, 5 and 4 BTC's so compared to UTC is totaly irrelevant. UTC problem is 144k of coins mined every day, to fast n factor change and most of all bad luck with exchanges, after to much time when everething, let's say, setteled now there is to many coins waiting to be dumped so naturaly price of UTC can't go up easy. CAI on the other side have opportunity not to make UTC's mistakes so there is no reason why CAI wouldn't go up to catch VTC or even much more.
Just do your math, an you'll see. Premine is not a problem if spent transparently, if you as investor or miner can see where, how many and for what purpose coins are spent.So again enjoy low diff and stock some CAI's also if you can buy anything below 0.0005, just buy cause that is lowes IPO price, so those IPO CAI's surely wont go below.
