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June 19, 2013, 01:11:15 PM |
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Low price of this coin actually gives him life. Before it was way overpriced. Of course people got burned because of investing into something they dont understand nor care to understand. But with the price getting so low, the premine* value has dropped, MNC is changing hands and possibly it will start rising again. The good thing about this coin is low supply inflation - not many coins are generated compared to premine.
The question is, how many premined coins have already changed hands and how many are still being hold by the first miners.
(* - the bonus of 500x, 150x, 50x that first miners got on day 1, 2 and 3/aka ~90% of current supply was mined in first 3 days).
All being said, I have no idea where the floor is and how much lower can it go. But with the price that is having now, I am willing to create some app for that coin, as I am no longer as envious about first miners, who could have dumped their premine for many thousands of dollars.. Now the value of the coin is around what the exchange mcxnow is worth (just my opinion and I won't be arguing for or against my opinion on this forum. I prefer 1 way communication rofl)
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