It has gone down because it started off with an inflated value to begin with and then was balanced out by the market. The exchange rate and diff will always have balance and right now the diff is very low. The current exchange rate has just dropped to reflect that. The .0001 price you saw on day 1 was just because that was what we, the initial miners, set it at to start things off. You cant prevent the market from balancing that out though.
If you use the profit calculator on coinwarz to see how much money per day you can make with about 1 to 1.5 MH/s it will typically be about 8 to 10 dollars a day. If any coin becomes more profitable than that, it ends up at the top of coinwarz which brings a lot of sudden traffic from multipools. 2 things come of this sudden traffic. First, an increased difficulty. 2nd, a lot of dumping. Both of these bring the profitability of the coin down. When the profitability of the coin drops, multipools stop mining it, so then the diff drops. When the diff drops, profitability increases again, so multipools start mining it again. This will always happen and prevent the profitability from getting too much higher, or lower, than the norm of about 8 to 10 dollars per day from 1 to 1.5 MH/s.
Profitability is not the exchange rate. It is the exchange rate in relation to how fast you can obtain the coins.
The current exchange rate of coino is what it is supposed to be at its current diff in order to maintain the 8 to 10 dollar profit per day per MH that the market self-sustains. The exchange rate will always be relative to the diff. Not just the diff though but the sustained diff. The multipools coming and going will keep the per day earnings of coino to a regulated norm, but as non-multipool miners keep joining in on Coino, the diff will see a more sustained increase, rather than the temporary artificial increase caused by multipools.
If you are day trading coino, it is worth just as much as any other coin. (at least during the times of the day where it is high up on coinwarz).
If you are holding Coino for long term, stop worrying about how the rate went from .0001 to .000035. This had to happen and the fact that it didn't drop to .00000001 within the first 2 weeks means that the people that are actually mining coino for long term are still holding. Trust me, if it weren't just multipools dumping, it would go to 1 satoshi real fast. It hasn't lost its value, it has just settled in to its actual value. The .0001 price at a diff of 3 was never real.
It will not drop much further than it already has because it is relative to the diff which is almost as low as it can get. Now, if the core miners start leaving in masses then the diff could potentially drop to under 1 and price will plummet and the coin will be dead. This isn't taking place though. Diff has been bouncing between about 2 and 3.
The way that you get a big payout by getting into a coin early and holding, is for you to be able to mine a bunch of them when the diff is low and then waiting for the exchange rate to go up. The exchange rate will increase when the coins are slower to mine. You cant expect to be able to mine at a diff of 2, bring in 300 or 1000 coins a day, and them be worth a dollar a piece. If that were the case, everyone would mine that coin until it balanced back out to the normal 8 to 10 dollars per MH per day.
Coino is doing just fine and as long as the real miners (non-multipool) keep going with it, the multipools wont be able to bring the price down any more. They can only balance it. New "real" miners are joining every day but so far they are just replacements for people that lost faith, instead of additions that can help raise the diff, and therefor the exchange rate.
If you are looking to get rich overnight, go play the lottery. Its your only chance. If you want to get a big payout from being an early adopter of Coino, support the coin long term. A month is NOT long term. Have patience and do what you can to bring other people over to mine Coino. The more people that join in, the slower you will obtain coins. But, the coins you have already obtained will also be more valuable since they are now slower to get. There has to be a cutoff point between the period where you want the diff low so you can get as many coins as fast as possible, and actually putting in effort to get more people to come over and raise the diff so that your existing coins are worth more.
tldr; Coino is fine, be patient, the price is right where its supposed to be.
Poolers, thank you for these explanations.
I'd like your opinion about it :
Do you think that simply initiating big buys, we could push up price ?
(Question seems obvious but I am referring to a sustained price increase and not a simple pump & dump).
Thank you
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