Hello,
I liked this coin and bought 7000 of them at .00012 bitcoin.
I recently sold all of them at .00042 bitcoins.
Why did I sell them? I was reading the the English section of the forum when someone wrote that 250,000 Emarks are created weekly.
I calculated the math and he is correct. This growth rate is so high and unsustainable. That is why I sold my Emarks immediately.
The reason why the Emark went up in value is because people like me did not realize it was recently created in October and thought it was coin with a slow growth rate as it only had 250,000 coins.
This coin will surely go back down to .0001 bitcoins and even lower with its high growth rate of coins. In just a few months the number of Emarks will double from 3 million to 6 million.
There are many new alt-coins coming out every day. Any alt-coin with too many coins will surely fail in this market.
The E-mark should have been kept around a million coins. That is what the market can handle for alt-coins. Anything higher than too many people have coins and it will eventual fail. Max Emarks are 20 Billion.
I recommend you sell now and take profit before it is too late! If I would have known this I would have sold all at .0008. You will see the coin slowly drop from this point on steadily as the number of coins grows.
This conclusion is nonsense. The main thing driving the DEM price down are noob ASIC miners selling cheap, not the tiny percentage increase of coins circulating each week. Look at the price movements, they are far greater than the percentage increase in coins circulating, your hypothesis is flawed.
Have you looked at what other alt coin prices have been doing the past few days? eg. LTC/BTC has plummeted because BTC/USD has been rising, so people sell their alts to put money into catching the BTC rise. When that levels off they put money back into alts.
There are many coins that are created in greater volume daily than DEM is in a week. The price is influenced by trade demand, whichis usually inversely proportional to BTC/USD demand, and the energy cost of mining it. The market cap for DEM shows it about 38th. considering the mining difficulty, I would say it's pretty undervalued atm.
What would you recommend , mine or buy DEMs ? Can you comment on that ? Thanks