I´m in, i like the coin, the wallet is awesome, stable price at that volume, devs works hard. Mining, buying and hold.
I´m done with shitcoins and shitty/scammers devs, from now i only invest in stable and good coins.
Welcome to the community =D
Silk Coin is 74% Mined out on the 2nd PoW so far... We are on block 57,400. Estimating a finish of PoW by Saturday...
The max coins to be generated until finish PoW would be 2600 (remaining blocks) x 2500 (block size) = 6,500,000...
However since it is a hybrid PoW / PoS the coins are a lot less for PoS blocks. So I am estimating that only 3,250,000 coins are left to be generated.
If half of those are kept by miners... that leaves 1,625,000 coins left to be posted to exchanges...
Bittrex currently has 18 btc buy support while Poliniex has 57 btc buy support...
There will be a concerted effort by people who want to increase their stake to lower the price and steal your coins. HOLD... If you try to sell and rebuy you will probably lose. If you hold you will almost certainly enjoy the rise of Silk to one of the top coins in crypto. The wallet innovations have just begun. The devs are working on updates and a white paper is forthcoming.
There is no reason why Silk can be sitting at 10 - 25k satoshi in a couple weeks.
Judge Crypto
Good analysis Judge.
As I said before, price has risen during this PoW stage and just shows how much demand there is for Silk.
I'm predicting MP add on Monday. MYC is #1 but look at the charts/volume on that coin and there's no way MP will add it.
For the last few days to a week MP has been suffering low volume across the board. They need some new coins so they can get more fees.
And to top it off, im surprised how stable the price has been despite entering the POW phase, it just shows you how much demand there is for the coin.
Im glad i did not sell mine thinking there was going to be a dump, i could have made a small gain, but it was not worth the risk.
We are now 87% through PoW and only ~1300 blocks to go.
Buy orders are still very strong and #2 on BitTrex in volume
