I'd buy 1000 for 0.1 BTC. That's what I'd value it at now. I'll wait until prices drop or someone wants to trade.
I have some buy orders down there too but I doubt they will get filled. The difficulty has been rising steadily for the past few days, we're at 5 already.
What will happen when difficulty reaches 10 or 15? These prices will be unheard of.
PS what is the total supply currently at?
From what I've witnessed, if another coin comes along that's far more exciting, the hashrate is going to drop, and then the assumptions of value based on the difficulty continually rising will not hold.
I do like this coin. I think it's pretty cool. Even have what appears to be, all things considered, a nice small stake. However, I won't assume the difficulty and price are just going to keeping going up. It will provided miner and trader interest keeps going up, of course. The PoS element is very attractive too. I know it's acted as a very good stabliser for Grain, which is my preferable PoS/PoW currency of choice right now, as the price/difficulty rises have been gradual and steady, and it's getting new shops accepting it on a regular basis.
It remains to be seen if Cash will have the same impact. if the hashrate dropped significantly, I could just solo mine 1000 in a couple of days.
1000 for 0.1 BTC is my estimate for a decent risk vs reward, given the coins that have been mined prior to this big difficulty jump.
Very rational analysis. I guess we'll see what the whales do when the coin hits bigger exchanges. IMO cash is one of the best names for a crypto, and a lot of the time the name in itself is enough for the coin to catch on in a big way. Mix that with innovations and an active dev and we could have a winner on our hands. But I agree, 1000 for 0.1 is fair in terms of risk/reward. I sure hope we get there!
EDIT: We're bouncing around .00021000 it seems, lots of volatility and the buy/sell spread has been HUGE. Price discovery still in effect.
Yes, the price is quite volatile, and I think in ideal conditions by the end of the week the difficulty will decrease a little as a lot of miners switch to other coins. It'll still hold a good level, but PoS are about holding, not dumping. Once you have a decent stake, you're more likely to be satisfied with the 10% return on it if you plan to hold, than keep mining. The concept of the coin is great, but it has to deliver on development and services to make it valuable to hold. 10% is a very nice interest rate, provided the coin gains slow value and acceptance. In perfect conditions the difficulty will drop, but then very slowly begin to climb as it is adopted. We're still in the frenzy period right now.
If the coin does become pure PoS though, and there is a finite cap, then perhaps it won't happen, and instead right now we're in early adopter territory. In which case it will rocket, then either stabilise or crash. If that is the case I don't have to worry too much about buying in, my stake should be sufficient.
