Notice the hashrate is fairly stable.
Someone large is saying screw current profitability and gaining x amount of coin knowing a big increase is comming when they get a full position.
Big fluxuations in profitability swings are how big players shake out the small guys, so that they can gain a larger % of the total supply. Think about how many times you leave a coin due to profitablilty loss?
Everytime a small player leaves a big player fills that hash. The lower the price, the less hash they have to use to take the same % of total coin production.
What it comes down to is if big money wants in. They attack the coins profitablity and hash rate until they get a large enough % to make it run and profit. What we have right now is a classic load zone for big money, but when the volume of sells dries up soon and we hit a real exchange, this will fly.
You will notice slow loss in number of workers on EVERY pool. But where has the hash gone? and why does the rate stay so high, when clearly more profitable things are to be mined right now?
Once you see the games played and trully research a coin and how the game is played... you will see this is the clear load zone for big profits later.
The people who load here will have shown me they understand the game, and the ones who get scared away are in my opinion missing out on something incredible. Time will tell. Im here loading up with profits I get mining other coins. I get way more FLAP this way
