Do you guys think Concealcoin will reach over 1k sats? Or I am going to be earning a nice loss
Thats a risky your going to have to take with new coins. Some risks do pay off pretty well and some not so much. At least if you sell in a loss it won't be that much you'll probably be lucky and breakeven.
It depends on how much you spend on mining if your renting rigs from nicehash for example, when you started mining (at what difficulty) and how many coins were you able to mined with the amount of btc invested.
Coins like these are risky, you got 8.5 million coins mined in 24 hours. That's the total supply of mined coins released in 24 hours, you got people mining hundreds of thousands which are going to dump to atleast make back their initial investment before anything else.
So you should see the price at first be dumped quite abit, miners selling to cover mining costs. If this coin has something to offer than people will buy it and prices will start to go back up. The anonymous feature might be a help but until someone that knows how it works can tell us if its the real deal or just some fake concept prices won't jump.
Its all a risk, seems everyone is willing to take. x11 algo at nicehash has drained the hashrate from other algos and prices have jumped from under 0.5 btc to over 1 btc per GH per day. Thats with the +100GH net hashrate on this coin.
