Last thing is true. But I remember someone who used to be a big supporter of 'the other Dutch coin' who was mining at some 450 Mh and collecting some 1.3 million a day. Holding a few million NLG and maybe a grudge, I don't know, all is possible..
Cookie.
I actually PM'd the person you talking about and from his response he is in the business of making money so I doubt he would sell for a 30% loss most likely unless like you say he wanted to offload his NLG that he mined to get into another coin. The other dutch coin is dead so imo and it was shown that the premine was being used to sell on bittrex.
Anyways the current price is a steal, I am just waiting to see if the Dev team delivers on the updates they talked about earlier before I buy more. I have been burnt on other alts with good starts and fizzle out, but like ny2cafuse says this coin has had so much done for it already in such a short space of time.
@supercrypt , POS multipool coins are just the latest gimmick... the only advantage is that exchanges love them because of the volume and speculation it generates. X11 is already not a viable option and n-scrypt is really taxing on your gfx cards, if you look at the profitability now between scrypt , n-scrypt and X11 the difference is negligible in terms of mining profit.
Virtual Currencies have matured to a stage where miners have to be investors themselves because you can't mine for current profit, you have to mine for future profit on a coin you think will make it.
BTW, people in around 3 months from now will see the big disadvantage of POS coins. 90% end up in a few hands and all they good for is trading.