Just a quick question. Would it not have been a better investment to purchase Digital Coinfarm stocks? (
https://cryptostocks.com/securities/98)
They give a return of 3 percent every 10 days and the dev is constantly buying additional hashrate to keep the stockprice and dividends stable.
80k Hobonickels... How will you ever sell them?... on Cryptsy there's only buy-orders of like 10HBN, alltogether like 10k maybe? and there are coming like more and more PoS coins giving better returns than HBN...
Tell me, cuz i was thinking to do the same with Bottlecaps... but also here... The coin is old, it has proven to have no real purpose/technology and the buyorders are not really big. Is this strategy still profitable?
I already have mining stocks in Petamine.
The way I sell my coins is the same way anyone else would. I put in an offer, and eventually it will get hit. I tried this with TEKcoin, one of the most illiquid coins out there. I managed to sell 5000 TEK @ 50000 satoshi, offering 1000 TEK at a time. It took me about an hour to get everything sold.
The orderbook is an illusion sometimes. Some big traders will see a block order on an orderbook, and snag it. You should try it sometime, you will be surprised.
Also do not only look at coins with "better PoS". The return isn't the only thing a person should look at. Community and Developer are important aswell.
BCX gives out the same interest per annum as PHS, but why does PHS trade higher? Because PHS has a strong developer and a strong community. Why did CAP explode in price and volume once Tranz got involved? Because Tranz is a strong developer. Same with TEKcoin and GRW, two other coins with strong developers and communities. One last example is ROM, which just listed on Bittrex and pays out 30% annual PoS. The coin had so many issues but the developer was on top of it and it should have a bright future.
PoS alone shouldn't determine the reason for investment.
