This coin is DESIGNED to inflate. No denying that. So the WORST thing you can do for this coin is not buy cheap ones, and sit on a wallet full of coins you earned for free.
That does NOTHING for Devcoin. There are an INFINITE number of coins being produced, so if you would like to see the value go up, you need to actively be working towards that as an individual. As well as attempting to work with others.
Would anyone want to start a writers union? We all agree that we will only sell 20% MAX of our coins below a penny. And we will buy as many coins as we can that are under a penny.
This will make the market rise and stabilize at one penny.
Divide and Conquer. But United, we can be strong.
There are only like 30 of us, it can't be that hard to round up 1/3 of us that want to make this coin better while earning more for your writing.
It's not about what the current "value" of the coin is. If we are developing enough stuff, the coin will automatically go up in value.
We also need to be advertising this as THE TIME TO BUY DEVCOIN. And if the price gets lower, we need to be LOUDER ABOUT IT.
Tell EVERYONE, buy low, sell high. And do it yourself also. If we can get enough people behind this philosophy (Buy low, sell high is the philosophy of ANY MARKET), we can make a thread announcing it, and as long as we support each other, the coin will benefit.
And we need to create SHOPS
You Might Ask: "Well How Does Making Shops Raise the Value of Devcoins?"
Well... When people write for Devtome, they earn Coins correct... As of now, the only well known use for Devcoins is to sell them for Bitcoins. Period. Sure, we can advertise the bounty bonds better... But that is not the only thing we need to do. We need shops, because when people earn Devcoins, there needs to be a place for them to go besides Vircurex/MCXNow or any other exchange. If no one is willing to buy cheap Devcoins, and writers (AND MINERS & ADMINS & CODERS) just keep putting up cheaper and cheaper Devcoins... Nothing is going to fix itself.
You have to make shops, so that people don't turn straight to the exchange with their coin.
And everyone should look at this. If we were to publish, there are around 50,000 words in 150 pages. Which means we could make one giant book with 8,100 pages. Or a bunch of little books totaling 8,100 pages. And we could do it with E-Books...
