Beiträge von Dred

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    Thanks again. And thanks for bringing up that point about growth rate or 250,000 shares a week. I cashed out immediately after you mentioned that over 7,000 emarks and the price is slowly dropping as expected.


    Cashed out at around .00042 and you can buy this at .00034 now.


    You are correct this will head towards zero. As will most alt-coins. The Emark has an incredible growth rate and will have 55 billion coins down the road :o.


    Their growth rates are all just too high. When factoring growth rate in and with the amount of new alt-coins hitting the market every single day, its better to get out of most or better to run for the hills.


    You have to understand it took bitcoin years to get a high price and it had a low number of coins and was the only coin out there and it also had tens of thousands of buyers of the coin. How can you expect these alt-coins to hit any high price when there are so many different alt-coins, and so few buyers of each coin? Prices will never rise and only go down, especially when you have miners who continue to sell into the market for profit.


    I would say that the E-mark has maybe a couple of hundred buyers at the most.


    I am only looking at alt-coins now with very low growth rates or coins that are new generation.


    Anyway, I hope you didn't buy into this alt-coin.

    Mcbeanburger,


    I see your point but It is unlikely a venture capitalist will come in and save this coin. It is too risky to bet on that when 250,000 coins are produced every week. I think this growth rate fooled a lot of people as most like me probably saw a low number of coins and didn't realize the coin was just released and thought it was just a coin with low growth rate.



    250,000 coins is such a large amount of coins. I wish I would have known about this growth rate as I would have sold at the peak on cryptsy also.


    What I think we will see is the value slowly drop back down as miners keep cashing out.


    Mcbeanburger, if you possibly know how to figure out what the average price of a alt-coin is based on how much miners can make, or if you compare the Emark mining profitability with other coins please let me know how the Emark compares with other coins.
    I guarantee you will see that the E-mark is still way overvalued compared to your average alt-coin right now. Miners will continue to mine the coin because there are so many until the value falls back down.

    mcbeanburger: you made a great point that made me sell out of my position in Emark.


    With 250,000 coins produced each week, this will quickly erode the value of the Emark. That is way too many coins.


    I was only looking at the current amount of coins and thought it was made to stay fairly small around a few million. However, it is not and there is no way the market can keep up with 250,000 new coins per week. The price already is starting to fall quickly.


    A better way to look at it is in less than 3 months the amount of E-marks will double!