Lots of folks are seeing the drop and worried about Decred's future. I remember looking at bitcoin at the 0.20 / BTC price and thinking it was 'neat' but 'why would I want to waste my money on that?' Luckily I got into BTC in the $20 zone and never looked back... I honestly think Decred is a great bet (especially now). Decred has a *lot* of new / unique features vs the old currencies. In a sea of bitcoin forks with a handful of customization commits... Decred is a unique. Litecoin has been scratching and clawing at market share since almost the beginning and has only seen modest price increases. Decred launched at almost 50% of Litecoin's price. Bitcoin's block chain design is being stretched... transaction delay issues, massive ledgers, and a fear to fix issues. Eventually the king is going to fall. Decred is a prime position technically to overtake the BTC. I think once Decred works on being more user friendly, it could really take off. (Ex: Walking a seasoned go developer and bitcoin user through setting up a wallet was painful... Decred *must* get a solid cross-platform UI completed)
Totally agree with everything you mentioned. I think a good GUI wallet will be ready soon. Its already being tested on testnet coins. A lot of development is going on. Only a matter of time now.
I 100% agree, but I do expect the DCR price to go lower in the near term (.50 cents to $1 would be highly possible). I think the smart money will be slowly acquiring after we see the price even lower. As long as the devs keep pushing updates and there is transparency into how the subsidy is being spent as the end of development nears I fully expect a strong price rise.
Nobody who mines at the typical electricity rate in a developed country would sell the coin for $0.50. I think it has bottomed. "The only way is up, baby For you and me now The only way is up, baby For you and me"
With the ETH/DCR miner available (making 25% capability for DCR effectively near free) and the fact that many old FPGAs who consume less power than GPUs are online, I fully expect as demand goes down people who are mining will continue to sell to that level. With low volume and lack of buyers there may not be a lot of liquidity at that level, but I would anticipate we see sub $1 level within 2 months. If I am wrong great, if I am not wrong I am buying
I agree that this is the bottom, barring any unpredictable events. Who's going to sell at a lower price? Devs? Not happening (for 10 months or so for sure). Community members who believe in the coin? Unlikely. Speculators who were there for the bubble? We just saw a deflation in the price as most of those bailed. I fully expect some more turbulence before stability comes, but I seriously doubt it'll fall much further.
No way, this is just the beginning... Turbulence yes, failure no. I doubt any of the nay-sayers even read the DCR Constitution, or for that matter many in this forum probably haven't taken the time. If they took the time, they would realize that Decred is here to stay.
Looks like it's stabilized for the time being. Wouldn't be surprised to see a bubble within the next few weeks, based on recent patterns on bittrex.
Whelp... I posted this almost 2 months ago. We're holding strong in lock-step with bitcoin. Decred is running ~ 0.0289 BTC and bitcoin is on a march upward to the 570's (USD). (thus values are pretty equal where they were 2 months ago)