Everybody already figured that out.
I haven't! Why didn't you tell me, you dirty bastards
, I had to figure it out myself.So there is pretty much zero incentive to hold long term? It's just like every other ALT after LTC? Tank fest?
No, we just to have to hit new equilibrium somewhere at the midpoint, more people are going to rent AWS resources at US$4.5 * 24 * 30 = US$3240 a month, and it will get few times more difficult to hit a block. Price will probably stabilize around 0.001 XPM/BTC. Since I don't have that kind of money, I'll stick to my 1500 pps and cross my fingers.
Edit:
If there is rich investor around here, I'll be happy to set things up for him and share a profit
Why are people missing the obvious strategy. We should have sold (if you didn't already) at 0.01-0.007 and held until it bottomed out, buy back and watch it rise when scarcity becomes more prevalent. Everyone should have at least dumped initially and then bought back at a lesser price.
Who said they missed it? Everybody is selling their XPM for 0.003 BTC like crazy, It's just us stupid who needed so much time to find the explanation.
The big winner here is also Amazon, they will sell quite a lot server time this month. At least until GPU miner version comes out. I take back everything I said about GPU moving the small guy out of mining. It's obvious that if GPU doesn't do it, cloud services will.
