Not sure how people can dump their coins like that , unless they dont pay for elec ... lucky people.
But nice to see the first listing on an exchange.
I really don't understand it. Why even bother mining it in the first place if it's just to grab a few dollars. Surely people would prefer having more money rather than less.
The lack of patience and vision in some people never ceases to amaze me. Especially in the Crypto world. Let those weirdos dump for peanuts. After that, the more intelligent people can keep their asking price high and make some better money.
It's usually always like this with any newly listed project. It still confuses me though.
You're probably right but only in some situations, 95% won't even succeed to a decent price, even after years so it's more or less of a gamble
Better to dump most of the coins in the first "high" wave and save only some for future
They don't succeed because of themselves. So that is a peril of their own making. If I had the world's largest diamond mining company and decided I wanted the price per diamond to be 1 dollar, I would destroy the diamond market by making it unprofitable for all. It would become a worthless stone, demand would crash because people don't want something they view as worthless and I would make myself and everyone else involved poorer.
I get what you say, I just think it's stupid. At the current price it's better to hold on. It would barely cover the electric costs and the strain it puts on your rigs just isn't worth it. You would make more money just dumping the rig on eBay. Lol.
The Crypto market is volatile, I get it. Even still, people should give something a chance. They only risk losing out on a few dollars if the project isn't successful. This isn't bitcoin here. The rush to the bottom and panic of a falling profit margin doesn't make sense to me in this case.
