Tell him to rest easy, the bottom from the increase in rewards is almost here. Between 50 and 65sat , at this price I will start buying.
There it is, my first Gulden purchase in about 3 years.
Is this a good time for me to lower my average purchasing price on Gulden? How do you know it won't go lower then 50 sat?
Depends how much you plan to buy, under 250k you can wait and see, if you intend to buy 1 million or more, it's a good time to start buying the low prices. The dev reward doubled not the entire reward, don't expect prices to drop to 44 sat unless a large holder wants out and you get lucky. The coin was stable between 80 - 90 before the dev reward increase was announced, the total reward increased 25%. 55-65 is the buying range when it settles. For each exchange added you can add 20-30% value. This is how coins like doge and digibyte hold a high value with much higher supply and rewards.
I also don't invest unless the coin has the potential to go up a minimum of 500% in the future.
How were you so patient to know the prices would go this far down or should I ask what made you think the prices would not go up? Do you have trading programs you follow that help with this?
Trading charts only tell a general market overview, most alts are flatlining at the bottom.
I was ready to start entering the market at 80sat as the bottom had been established until the additional dev reward was announced and I held back as the bottom would go deeper if the devs had to sell at any price.
It's only obvious if you increase the rewards and not the exchanges or users the price will decline in this market. At 55-65sat it's a great price to enter and under 100sat is also good value, but no rush to buy as the market will remain depressed for another 6 months unless more exchanges are added. The reason why exchanges are important is not for the extra trading platform but for the additional third party services that use those exchanges and increase the usage for the coin.
Since we know Gulden devs don't care about exchanges the prices should not rally above 100sat in the short term.
I never thought we will see these prices, kudos to you because I did not think people were this desperate to sell. I am going to buy more and leave for the long term, this trading makes no sense to me.
where is your post with the sheep ?? censured ?? 