If this is the new floor at 20K. I'm more then satisfied. I'll admit I was getting really worried at 14K.
I dont know if 20k is the new floor as i said a few hours earlier every night this one goes down even more.
The pool owner which manipulate the btc needs to change their strategy because it is a bad one.
For the good health of the coin, you cant cashout 100% of the btc and pay the bc to the members. You need to leave 40% at all time as a buy wall.
If they can put a big buy wall and leave it at 20k, then the next day they keep the same strategy pay out 60% and put another buy wall a bit higher.
If the whale dare to dump his coin into one of those buy wall, they need to act asap and put a buy wall higher then the one which got dumped on, then use the coin the buy wall has generated and pay out to the multipool hashers.
If they keep this strategy with the amount of BTC generated by the multipool, it would at least make a floor of 35K and from this the day traders would definitly feel more confident, the weak hands and the dumpers are going to think twice before dumping too big and we can avoid all these trolls and keep going forward.
Even if we get in many services and stuff this market is way too instable to be trusted right now by any merchant.
PLEASE consider this strategy. If you need multiple traders to trade the btc generated by the multipool you can assign it to more trusted members to deal with it within the same accounts.
Thats what i believe would be the good strategy to follow now it is up to the community to let the devs know if they believe this strategy could work or not IMO i believe it is the way to go.
That is true. We don't know if this is the new floor. Hopefully will be ok after I sleep.
I prefer pool to have a constant volume when buying. I think that's the best way.
Faircoin I lost my interest rate because I panicked and moved my coins to the exchange. Might move them back now. These other altcoins *sigh*
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