Concerning KARMA's downward sell pressure due to mining. In three months we will have our largest percent and final decrease in rewards. 35,000 will drop by 72% to a meager 10,000. The reward level will then remain constant until all coins are finally released in February 2020.
We just passed 59B KARMA and have yet another 9B to absorb over the next 3+ months. That's still a ton of coins, then we will be at a stable point for KARMA. Until then, we will continue to see that constant downward sell pressure which is built into PoW to maintain our network. Kosmost has a thread concerning this
here on KarmaShares forum.
We need to steer this focus on the price to productive action which will boost the price naturally.
Please join us on KarmaShares forums.
If there is 9 billion to be mined in next 3 months and there is already 59B mined, the sell pressure will not be high. The % to be mined compared to already mined is not high. With X11 people more people can mine, more will hold. ASIC scrypt miners will not dump that fast to pay the investments. Check the spreads, holders are not selling, there are sell orders over 300 litoshi, everything under that has almost no volume. There is lot of new buy orders today. I think many people will mine and hold. Also KARMA is so impressive concept that many new people will come. I personally plan to buy more KARMA and if it stays at 3 satoshi for a week I will definitely buy at that price than. The drop from 600 to 220 was too fast, market will reject to drop lower. I expect return to 250-300 litoshi soon.
