The good thing is that there are a total of 32 million coins in circulation and based on the people in this forum who are long term investors, we count for at least 15% of that total. That too will greatly increase the total value of the solarcoin once it hits mass effect assuming no one panic sells too soon that is.
What kind of price are you guys holding out for? Or are you planning to stay invested in Solarcoin?
I am personally looking to sell half my stake when they reach approximately 20-30 and sit on the rest.
I currently have no plans at all. I might consider selling just a few around the $1 mark, but mostly my biggest concern is the overall effect I could have on the market. If/when I sell, it'll only be in very small chunks to make sure the market price is unaffected. Even at $20 per coin, I plan to stay invested in this project. Also, I would really like to see this coin become mainstream to the point where you can sell in USD rather than BTC. I really think SLR has improved significantly on BTC, and don't really care to trade in any of my SLR for BTC.
Have you guys seen that bitcoin sell-wall on bitstamp at the 350 mark? It's crazy! Not as steep today as it was a couple days ago. But that kind of market manipulation is what I aim to avoid.
I am in the same boat:
- no plans right now to sell any solarcoins at any specific price
- would not sell a large amount if it would hurt the cause in any way
I believe the long term holders in this forum to be holding south of of 33% of the coins in circulation
I read that there was a 26,000 BTC dump a couple of days ago that caused the recent drop. It looks like the price is coming back. While I believe the price of BTC will rise significantly from where it is right now, thus taking the current value of solarcoin with it, I agree 100% that SLR should have it's own value.