Hi! People of HYP!!! peace to you all!
With that I would like to summup the fundamentals of HYP as an asset. Why the fu..k I would want to buy it? //or what drives the demand?
I think that the price is acting very logically and not against the math... the supply is big - so the price will go down and it is natural thing in that type of asset.. such as high proof-of-stake //High POS coin (There is Tekcoin.. you all know, because TEKcoin people are a lot in HYPerstake too)... Price going down here is natural way, just like difficulty rise in bitcoin network.. like you cant do anything about it have to be accepted as a constant matter in this formula.
So I said asset?
what asset?
What the a are you talking about man?
The "Virtual mining asset" that is able of virtually mining coins that are no different to BITCOIN.. in many ways.. and we all know that actually HYP was forked from bitcoin some time ago ..with some older coin inbetween.. but that's ancient history kids
So HYPerstake coin can do all that Bitcoin can do, but also protected against 51% attack through proof-of-stake feature! and some other unique features (thanx to the DEVs)
So! When you BUY HYP - you are actually buying hashpower for your Virtual Mining farm that can run at your old laptop and not 24/7.. so you can travel with your hashpower.. just remember to sync it sometimes and can be recovered just as easy from the wallet.dat backup and you have your power back online!
You hold it all and you don't have to rely on some "cloud mining datacenter", which is actually a hangar with a bunch of miners ..And its good if the Hashpower really exists!!!
I mean that many thousands real dollars are invested and are investing now in to stupid ponzies, because a lot of people want to buy Haspower.. and want it instantly.. there is MASSIVE demand for "instant mining contracts in the cloud", so the natural choice is CloudMining Contract..
..In many scam-CloudPonzies you can't rade contracts and sell the mining power back when you want (this option often helps to figure out if the cloudmining company is legit and has "exit-strategy" for the investor)
But OK you will find good and legit CloudHashing provider.. but you have to pay f.. fees and it all looks like they ARE mining and paying fees to you.. in 75/35% ratio to their wallet!
For now if we get back to price - It is obvious that volatility is pretty low now at HYP market 24hr Volume: 2.58533016 BTC / 1170699.20712543 HYP coins are traded every day.. (compared to Bitcoin it is volume is small) but for the altcoins markets in general - its normal, the price is in the range of around 300sat for like a month.. and had found its floor.. because when you get all "what" is written above you will buy..perhaps if its not low enough for you to buy it.. buy at lower price.. because the price is "right" even for me now and I see massive BUY orders at much lower price..
P.S. All you know about XPY or PayCoin which does use proof-of-stake for extracting profits!!!
GAWMiners just took the Idea in the open.. XPY or Paycoin or HashBase and all are behind private company.. like a Product! Very nice experiment, but HYPerstake is absolutely hassle-free-decentralized-lowcost hashpower for the Virtual Mining and let it shine the Next Year of 2015 and wise devs know what else..
HAPPY NEW YER AND PEACE!!
Listen to some of my muzik here -
https://soundcloud.com/hiiz-io-conflikt/sets/my-chosen-playlist-my-own