Looks like people are dumping as soon as they stake.Between that and trading bots fighting it out all day the price will not rise but keep falling I feel.Something needs to be put in place to encourage people to hold.I thought the high PoS % would but people are just to impaitent or just out to make a quick dollar.So many people can't see the bigger picture when it comes to these PoS coins.
Ya man, the "big picture" you talk about is legacy coins like HBN, CAP, TEK, PHS, etc...
Coins that have no liquidity and are often looking for a new Dev...
Or are very hard to buy in any amount... and even harder to sell in any significant amount.
And coins that are entirely dependent on Cryptsy to survive...
Meaning FULL Fed/State US Government regulation and extensive IRS reporting.
I traded only crypto on Cryptsy... and after a certain number of trades...
They froze my account and said I MUST get verified with full ID... so I trade with sock puppet accounts.
That's means within months 100% of Cryptsy accounts will need to be fully verified...
Including detailed questions about your mining activities...
And Cryptsy will be sending detailed reporting to the IRS about YOUR trading, staking, and mining.
Does anyone believe these reports will be accurate? Produced by teen coders on drugs? Based on dust trades?
How do you think the IRS will handle BALLS staking in their letter to you?
The IRS don't give a shit... they will just give you a fat bill + interest + penalties.
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The new generation of High Stake is HYP and BALLS...
The first High Stake coins in history with liquidity and the ability to GO BIG...
And coins with the liquidity to be listed on ANY exchange.