I'm so confused why this coin is so low priced considering the crazy mining difficulty and income of coins. Can anyone explain? You can get more ERC mining almost anything else and dumping it to buy ERC... something's not adding up here compared to the difficulty.
I'll try to tell you too... Main reason is that ERC Team continue saying "thank you community" and pointing out at "big whales" as the bad guys... But in fact this non-stop too much talking is only to delude us from the reality that this first POW staged (and may be the whole coin) is in fact designed in favour and only for the "whales"...
We, "the community", got 1 sleepless night (I am talking about citizens of Europe and the first failed launch), we worked hard in the first two days after re-luanch at the reward of 100 and 1000 coins per block... And what we got in exchange: when block reward became 10000 - high difficulty, reachable only by the "whales"... And the result - price is constantly coin down... all the way to the bin (waiting for the reply "sell your coins to me" - very original one)...
Is this intentional or not: REALLY DOESN'T MATTER FOR ME... This is the outcome, no matter what few "talkers" (same guys from the beginning) will say in response to me...
Thank you, ERC, that at least I learnt my lesson: never ever start mining a coin with such reward system...
The price goes down because TradeMyBit and others are nonstop mining this thing. Right now they're on XLB, but once the last 600 or so blocks are done they will return. They are relentless, they're destroying EVERY coin. Only thing you can do is mine when the diff is low and hope you get to dump before the multipools, then rebuy lower.
I still think ERC can go far. It sounds more than another Countrycoin piggybacking on the Aurora hype. Devs seem to have a plan and who knows, could get big..
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This guy is nuts twitter addict!
