I said this exactly 2 years ago, and still believe it.
@FK
needs more promo like that. That's pretty good.
We need more education about the past dumps of the coinex stolen coins too because people don't know about that they can't interpret the charts correctly. If you don't know about that and look at 1-year-chart it looks pretty strange and a rise now and not before does not make the slightest sense if you would not have the info about coinex. But if you know that and know the coinex-selling stopped in July suddenly the chart makes very much sense. I think people are wary because they don't have that piece of information and the longtermcharts look strange to them. I think a lot of people would be more after uno if they were educated why the 1-year-chart looks so untypical.
Well, the issue with the charts is going to correct itself over time luckily.
A quote from a random person on the razor-thread:
Look at UNO over the last 2 months. Explain that rise when nothing ever has been done since wolong wrecked it.
coinex-trouble.
The more new tradehistory we have the less will all this be felt imo.
I agree, I'm not sure how long it will take some to get educated. The no inflation, fair launch, trade for AG / AU, Hedges, not to mention real people making up a great and supporting community.
It seems to me that most people are just trying to pump and dump to make a quick buck. The number of new coins should start going down as people wise up to the BS.
I have seen some new names here recently in our community, so that's always a great sign that the word is getting out. The turtle is the perfect analogy. Slow and steady. That's how true wealth is built. Stay the course ladies and gentlemen!
Every single crypto currency worth it's salt was pumped at least once. Just go back and look at virtually any of the class-of-2013 coins on Cryptsy. Nearly every one I looked at was pumped. Pumps are just.... pumps. They don't say anything about the long term worth of a coin, but they sure do mess up a one year chart.
Why is UNO rising?
Yes, UNO was epically pumped by Wolong in 2014 (So was Doge, and other coins). Then it was dumped (so was Doge and other coins). Bag holders slowly sold off, supressing the price. This pressure has abated.
Yes, CoinEx stole about 5% of UNO and liquidated it, supressing the price. This pressure has also abated, based on our blockchain sluething.
The fundamentals of UNO stayed the same throughout.
Today, there is virtually no inflation. I suspect more Uno will be lost in 2015 due to human error than will be mined.
A lot of UNO was mined in it's first year, as rewards went from 1 Uno/block to .03125 per block. In 2015, Uno will halve twice more, meaning that selling pressure on Uno from mining will only be about 1% or less, a tiny fraction of what we saw in 2013-14.
What a lot of these people are missing is that fundamentals make a coin, not simply features. Features can be tacked onto any coin, whenever a dev/community wants to. For example, anonymity would be cool in Uno, but anonymity is an app, not money. If the holdings of your anonymous money is being eroded by, say, 50%/year, who will want to hold it more than a few days? It may make a coin useful for a specific purpose (dark markets, perhaps?). But what do the fundamentals of a coin say long term? Does anonymity alone make it worth holding? I don't think so.
There's lots of questions that I wish altcoin "investors" would ask about the coins they invest in.
Will holders of a coin be subject to POS high inflation?
Are investors better off to sell it/spend it than to hold it?
What does the mining reward look like?
How does do newly minted coins add to inflation?
Are investors at the mercy of anonymous devs holding a huge premine who may cash out?
Is the coin a flatout scam? Only time will tell. (Pumping a coin does not make a coin a scam -- it makes the pumper a scammer).
Has the coin been around for a year?
Is there a committed community that is likely to be around for awhile?
My problem with a lot of these "coins" is that they are not coins at all. They call themselves "this-coin" or "that-coin," but they are not really coins (Unobtanium doesn't even pretend to call itself a coin. Unobtanium is just Unobtanium, whatever that is). They are blockchain regulated apps trying to pass themselves off as money. And maybe Uno isn't even a coin. Maybe it's cryptographic bullion.
Someone once asked me, "What's the innovation in UNO." To me it's fairness, and most coins can't say that.
You can tack great features onto an unfair coin, but then all you'll have is an unfair coin with great features.
You can build on fairness.
