I mean, its the balance between the premined and the coins we could mine in the next days before UTC gets on the exchange.
Grrr, my english isn't good enough to explain that exaclty... hope somebody understands what I mean.
The difference would be, that it's harder that we get dumped to the ground by the stakeholders with cheap coins, cause the price keeps generally a bit lower in the next time.
At this point, there's the danger that the price drops under the costs of the miners, thats what some people fear I think.
Please correct me when I'm wrong, but thats the situation I see here.
Basically, yes, that's the fear. If the difficulty goes up to say 30, but the price doesn't budge because stakeholders can dump at anything above .005 and make a profit, then it would be completely unprofitable to mine.
Some may say this scenario is unlikely, but if the price hangs around .01 for any length of time after the larger exchange opens, then it is a real possibility.
Then I only see two scenarios, a race to the bottom, or slim mining support and poor adoption that keep the coin marginally profitable but can't go anywhere due to a lack of support in the community.
Of course, exactly the opposite could happen and the price could go up and stakeholders keep holding. If the market stays between the miners and greater adoption happens with the advent of scrypt asics, the price may go up a lot to meet the slim amount of coins each miner will earn.
That's probably my main problem with this coin right now is that it's in the hands of 38 different people instead of just a couple. If it's just a few and the premine address is public, you can at least know what their intentions are. We have 38 people holding more coins than the entire community can mine in two weeks and we have no idea what they are going to do. It makes it more of a gamble than usual.
I understand the fear of which you guys speak. From a market perspective though, lets look at a couple of things in concept, (I am using examples here, so lets not pick apart the details, just follow the concept). 1) This is a zero based market. For every seller there must be a buyer. For the purpose of this discussion, lets assume not everybody will dump at once (we have already heard from 3 stakeholders that will not, one of which is still buying). For each person that sells, that makes another person buy at that price. Once that other person buys, that is now their minimum price to sell and they want it to go up. They also realise that this is a coin in its infancy, They are not committing their life savings to it (if they are, they really want to see it flourish). So if 19 people sold half the outstanding coins (half of 38 stakeholders), the new minimum price for the buyers is for what they bought it at. I also expect that there will be more buyers buying smaller amounts, thus spreading the wealth so to speak. They want the price to go up as well. 2) Things are going to start slow. Every coin that is now being mined is not going to be traded. there are a lot of people that want to make a decent profit. Everyone's idea of profit is different. I do not see a huge coordinated dump here.
One last thought, trolls are great at talking, Any troll who actually buys, wants to make a profit too. They are not going to take a loss just to try to kill a coin, (at this point I am not sure they could buy enough anyway). If they have bought, there is no purpose in trolling, it is counter productive to their bottom line.
