Topic: When coins switch from POW to POS, price increase? (Read 133 times)
Most likely this case is unique and single, so I do not think that this event should be taken as a basis for investing in such coins.
This is what happened after PIVX switched from POW to POS in March 2017: https://imgur.com/a/3PFcSfN
Bulwark is a coin that will transition to proof of stake in ~ 2 weeks! (Official Statement Here: https://bulwarkcrypto.com/upcoming-pos-schedule-what-to-expect/)
Just a polite heads up.
Yes, that also happened to other coins, because people will buy in and many holders will buy more to have the biggest stacks. Bulwark is a coin that will transition to proof of stake in ~ 2 weeks! (Official Statement Here: https://bulwarkcrypto.com/upcoming-pos-schedule-what-to-expect/)
Just a polite heads up.
To get passive income, investors buy coins with POS. But do not forget about traders, they take into account the possibility of rising prices from investor purchases. Thus, both of these market participants are buying. Then FOMO attracts more and more buyers.
And we have a pump
.
And we have a pump
.
It does not mean that coin start to pump because it switches from POW to POS. There is more that you should like at if you search for a price pump. The project should show great progress and they should have a great team!
and this absolutely yes, because when a coin switch from POW to POS
people will start buy the coin as much as they can,,then they will keep it in their local wallet to get the POS rewards mate
and this make new hype on that coin,, new demands coming and make the price explode
people will start buy the coin as much as they can,,then they will keep it in their local wallet to get the POS rewards mate
and this make new hype on that coin,, new demands coming and make the price explode
This is what happened after PIVX switched from POW to POS in March 2017: https://imgur.com/a/3PFcSfN
Bulwark is a coin that will transition to proof of stake in ~ 2 weeks! (Official Statement Here: https://bulwarkcrypto.com/upcoming-pos-schedule-what-to-expect/)
Just a polite heads up.
Bulwark is a coin that will transition to proof of stake in ~ 2 weeks! (Official Statement Here: https://bulwarkcrypto.com/upcoming-pos-schedule-what-to-expect/)
Just a polite heads up.
If the coins switched from POW to POS is good news then it is certain that the price of the coin will rise. but also does not guarantee the coins will rise.
If you are sure, buy it. otherwise you should not buy the coin.
The principle of POS operation implies an increase in price, as the more coins in your wallet, the more you earn
Usually grow. If we reflect in this case coin move from miners on the hardware to miners with big wallets. That's why holders for PoS should buy a big part (as conditions for PoS) of tokens (coins). After start we will see this orders and growth but after it will balance as for other coins.
I do not believe there are enough examples to set a standard. Perhaps for the idea of seeking profits with Masternodes, the price may increase. But the reality is that to date there are few examples of projects that work with POS, have a mainnet and are safe enough to trust. POW is still the best choice.
At switching from PoW to PoS there's a chance that some will buy large quantities of the coin, just to easily produce even more.
Some do know about this and may also pump the price - more or less.
Unfortunately the very few PoS coins I followed a bit tend to lose value over time exactly because the few ones staking large quantities produce massively and without extra costs and dump.
So while the initial pump may be interesting for the speculators, the whole development is not really in the favor of the coin.
Some do know about this and may also pump the price - more or less.
Unfortunately the very few PoS coins I followed a bit tend to lose value over time exactly because the few ones staking large quantities produce massively and without extra costs and dump.
So while the initial pump may be interesting for the speculators, the whole development is not really in the favor of the coin.
logically speaking the price should increase because we are moving from POW to POS.
usually the price declined because of the miners selling their coin on market,and pusing the price.
on the other hand when it's on POS,the rewards are distributed based on how much coin on your wallet.
which means the holders will get a lot of coin compared to small fishes.
but do not forget the fact that community itself has a significant role in term of price,compared to PIVX i think Bulwark is far from it.
and its community is not that large compared to PIVX itself.
we might see it pumps,but do not put too much our hope into it because the price won't get pumps that high just like what PIVX did a while ago.
usually the price declined because of the miners selling their coin on market,and pusing the price.
on the other hand when it's on POS,the rewards are distributed based on how much coin on your wallet.
which means the holders will get a lot of coin compared to small fishes.
but do not forget the fact that community itself has a significant role in term of price,compared to PIVX i think Bulwark is far from it.
and its community is not that large compared to PIVX itself.
we might see it pumps,but do not put too much our hope into it because the price won't get pumps that high just like what PIVX did a while ago.
This is what happened after PIVX switched from POW to POS in March 2017: https://imgur.com/a/3PFcSfN
Bulwark is a coin that will transition to proof of stake in ~ 2 weeks! (Official Statement Here: https://bulwarkcrypto.com/upcoming-pos-schedule-what-to-expect/)
Just a polite heads up.
Bulwark is a coin that will transition to proof of stake in ~ 2 weeks! (Official Statement Here: https://bulwarkcrypto.com/upcoming-pos-schedule-what-to-expect/)
Just a polite heads up.
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