In the case of HYP I would like to buy some, stake and then sell. Maybe I'm completely missing the point here but all the talk is about 70% interest which, it seems to me, is subject to selling price of HYP.
So, I buy 1.0 HYP for .00001010. I stake according to time limits etc and end up with 1.7 HYP (max) which I then try to sell at todays price .00000715 (if I'm only selling 1.7 HYP and not 50,000 HYP) I get .00001216 and I'm up .00000206. About 20%.
If I wanted to sell 50000 HYP, I would be completely screwed.
I may be missing some esoteric knowledge here and I'd like to be educated. Help please.
Sorry, probably need to add that this is absolutely NOT any type of fud. Just trying to grasp how to make the most of an innovative experiment.
The most important think with HyperStake is to be realistic. Should you invest 100 BTC and then cash out in a week? No.
HYP, like most high rate PoS coins, has a shallower market. It doesn't do well to instantly buy or sell large volumes of the coin. But, I do want to point out that within the last 24 hours HYP had 2 dumps of 75k HYP and still withheld the exchange rate fairly well. But the best way is to buy or sell over a period of time, feed the market slowly with buys or with sells. This is beneficial both for the market and for the trader who will get a better price.
And also the rate is 750% annually which comes out to about 18.5% after 9 days (its time to maturity).
Its important to note that even though exchange rate could go down, the value of your holdings can still increase. So if you were to buy 1,000 HYP @ 800 sats and then after 9 days you get your stake and have a total of 1,185 HYP. The exchange rate could go down all the way to 675 sats and you still break even... But that is only your reward of one stake cycle. You will be faced with a choice to sell all the HYP, sell the stake reward, or to compound it all.
HYP has rewarded most of the coin holders fairly well for their ability to maintain our block chain.
But the main point of HyperStake is not to make people get rich... it is a coin that is an experiment in coin economics, and also one that gives the mining rewards to those that have coin age rather than hash rate.
To elaborate on what presstab said earlier and also to clean some misconceptions.
First, PoS is not a get-rick-quick scheme. PoS is an alternative to PoW, with its own advantages and hindrances. This will be covered in greater detail in mafort's paper.
Second, HYP took years of understanding of PoS technology and economy and attempts to make the best out of it. That's why mere weeks after launch we already have the most advanced coin control wallet and one of the best inflation control technology. This means some scenario won't work, like the 1 HYP to 7.5 HYP. In theory, it should work, but in practice, technicalities won't make it work (here, the technicalities being stake competition).
Finally, PoS is still a complex matter and we are writing a document to explain most thing in as simple a way as we deem it possible. This will require some active collaboration on your part too.
A strategy about PoS is to sell a part of the stake every months, to both make actual profit (and not promise of profit) and to strengthen the market by rendering it less liquid. This is something that years of PoS taught us: higher interests decreases desire for people to sell (because basically when you sell you "stop winning").
There's some serious buy support on polo right now,
Around 500k of HYP over 700sat!
I've NEVER seen that kind of buy support on HYP before.... Is something brewing in the background? :-)
Kushed does wonders on the trollbox too?
i think i am a good exemple :
i have mined TRK , got arounf 120K , i could sell them at pic for around 0.8 BTC, i did not dit it, then HYP came and now it has been multiplied by 4 just by stake , so it's already a 400% profit ( i don't sell them ).
and i forgot i still have my TRK staking also .
buying HYP is like a life insurance !
ps : when i am on Polo trollbox , it's always a pleasure to give some HYP and also promote it .
i give about 2000 HYP on the trollbox when i am there .
Nice job Dev team.
Next step for HYP is Mintap v2 ?
What is Mintap v2?
And thank you for you all you job, waxo!