I just wanted to put it out there a couple of observations I have made about HyperStake, as well as some future plans I'm personally working on here.
First of all, the price drop in HYP is for many people, disappointing. But realistically, what's changed?
Have there been any fundamental problems with HYP? No.
Is HYP considered to be the most advanced POS wallet with features not seen before in a POS coin? Yes.
Has HYP attracted haters? Most definitely Yes.
What we're seeing now is the realisation by some, that in order for the SAT price to stay the same, day by day, it meant that the new buyers into HYP would have to grow by roughly 2% every day, to keep pace with the rising level of HYP OR that existing holders of HYP decided to grow their holdings, rather than sell.
Consequently, when the buy support for HYP fell after a while, panic has set in, and we now see the SAT price at a low not seen for some time.
However, the current market cap of HYP still stands at 370BTC - this is a far cry from the 50BTC it was when I first checked out HYP's cap - hell, at one point it was even around 35BTC if I remember rightly.
So, what's the point of my writing?
Even though the price, for many, is lower than they bought in, compared to just 4 months ago, the overall market cap of HYP has grown at least 7 fold.
You'll have seen many new coins go crazy at some point - with HYP it hit the headlines, and people jumped on the bandwagon - some making a good profit, others not doing so well. From a personal perspective, I can say that I've managed to do most of my Christmas shopping from selling a bit of my staked coins, but I'm still holding the vast majority of my HYP and will continue to do so.
It's also worth noting that whoever is dumping now, is dumping into the hands of some of the biggest holders of HYP.
I know this because I keep a good eye on the top wallets on the richlist, and I keep getting knocked down the list (big holders topping up), and RARELY do I see my place going up the list (big holders selling).
Now, looking at things from a different angle, where does the value of any crypto-coin come from? If you look at it from a physical business point of view,valuations are generally built on assets, profitability, future earnings potential, etc etc....
Over the last couple of weeks, I've personally been looking into ways of integrating FIAT based services with that of HyperStake, allowing a constant stream of $$$ / £££ / €€€ to be used to buy up HYP from the market, and hold, as a business asset.
Whilst this is still in development, I have a strong feeling this will prove to be successful, as it will offer benefits to everyone involved.
It will add another string to the bow of HYP, so to speak, and for those who want to get involved, it could prove to be a real game changer.
Great post.
Big holders will be left with tons of worthless coins when the majority of users lose interest in HYP b/c demand does not meet supply. In all fairness, what kind of coin HYP would be if its supply was distributed at 70% among the top ten addy? Just saying......
As you mentioned, the benefits should be offered to everyone involved, small holders included, which at the current rate of devaluation, is far from being the case (i.e given that one bought in at 5K a few weeks ago). It's ok for big holders to stake even when HYP's value decrease by 15% on a daily basis.
We need a deadline on the project you're working on, HYP's use in the real economy is what we're looking forward to. Keep up the good work.
