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Discussion in 'Speculation' started by Elmismo, Mar 1, 2016.
Steady increase in the price. Now its at
$ 2.57 per coin
Next stop $3.
Or maybe even more
I think we'll hit $3 soon
Actually, the order spread on Bittrex suggests downwards pressure(I am not an economist), and the chart on WorldCoinIndex hints at a drop, though I don't predict much lower than $2.20. It may continue to grow from there.
We'll see if my predictions are any good in a couple of hours.
So it's been "a couple of hours," and the price held more or less steady and didn't drop below $2.30. So much for my predictions
Came here to say holy crap my foot tastes good. Guess my call earlier in this thread was a bit premature, but I still think that's what wil happen if/when the ether bubble pops.
Don't let it worry you. We're at the end of the hype period where the price is starting to settle down and the day traders have gone off to the next hot coin. We're now left with long term speculators and community investors. Decred is still very new and outside of this community it's probably not well know. It will take some time before its utility really becomes apparent at which time the price will rise. I'm not expecting that to happen for a year or more though. We're in the slow burn period I think.
What is happening right now is a steady increase of miners who are flooding the market with new DCR. The increase of available DCR causes the price to drop slowly. This will continue until there is a break-even price from which mining is not profitable. This is indeed a normal process, nothing to worry about. We should focus on developing our community and offering new and innovative services. If we manage this, new investors will come, and the price will rise once again.
This isn't quite accurate. There are new miners, certainly, but they do not increase the rate of DCR entering the market. When the hash power of the network increases so does the difficulty of finding a solution The idea is that no matter how many or few PoW miners there are, the rate of new blocks being mined will always be around 1 per 5 mins, thus the amount of DCR entering into circulation will be around 30.58DCR every 5 mins. Over time this will decrease as the block reward goes down by 100/101 each cycle.
Yes, you're right that the reward in DCR doesn't increase, it stays around 8807 DCR per day. You are also correct that this amount will decrease as time passes. What I mean is that in the 'early days' most miners kept their DCR to hold or to invest in PoS tickets. Right now, I suspect that more and more miners sell their DCR immediately. If the supply of DCR > daily demand, this causes the price to drop. As you mentioned, it's also true that the demand is decreasing. It's always an interplay of different factors that cause the price to drop slowly.
On a side note, do you really think we'll have to wait a year before Decred becomes appealing to a wider audience?
Most of the integration issues that are raised when talking about buying and selling goods and service with DCR can be solved by plugging into platforms like ShapeShift. As an individual, I am 100% behind supporting and empowering platforms like that - and I'm sure the project and larger community support that notion too. In terms of adoption within the larger cryptocurrency community, it seems Poloniex represents a very big milestone at this point in time. The project has had nothing but positive communication with both those platforms and the people there have been great. They are big platforms and they are busy, and Decred is still small. But small does not stay small forever, not if the technology is sound and improves over time. That's always been the project's mantra.
It is always troubling when Decred's intention is to be a good project, but in order to be a good project, it needs acceptance from powers totally outside of its control. A paradox like that is always unsettling, but what we can control for is active development on Decred, improving what's being done, and making sure all of the RFPs get executed successfully. The outcomes of those 6 RFPs alone will bring an immense amount of new support and maturity. It's worthwhile to note that one of Decred's most interesting capabilities, hardforking using proof-of-stake, has not yet been seen. The implications of doing that successfully are significant.
Look at most well-known altcoins. How long were they active before they appeared on the radar? 1-2 years?
to raise the price = marketing strategy. all altcoin are directed to the miners. should be simplified order to get everyday people
Please RT: https://twitter.com/sambiohazard/status/713398218717995009
I hope they take notice of it.