Having followed PeerCoin price in BTC for a while and closely, it seems this week we have seen a linkage from BTC and the BTC/LTC dynamic, as it has gone to 0.06, sure it was higher, before but not by much and that was in the recent cny events.
PeerCoin in on a steady evaluation on its merit and as its is seeping into the thinking of more and more people the implications and its potential.
Further people are also realizing there is less PeerCoin than BTC and LTC being made.
Finally the minting/POS etc really answers a lot of issues in POW.
This is good news!
also could some one remove that scrolling ticker, or change the format, it sorta cheapens an otherwise great forum and community
I think you will find that it trends closer to the difficulty of the network… now that PPC are being generated slower than btc and no real sign of the difficulty decreasing I think we will find a transition where PPC value breaks through… I think we are seeing miners realise that mining PPC is actually more profitable to mine and hold for a little as opposed to just mining btc. I have been watching the volume of PPC for sale decrease by over 50% on btc-e as well… so people are buying on the exchange and taking out to their wallets to POS mine? probably… once that happens they see the PPC rise again so are reluctant to sell out too early and the coins are actually doing something rather than staying stagnant like BTC is atm.
Much interest surrounding the carbon footprint on bitcoin mining hence the Peercoin difficulty increase as well as new investors.
Exciting times indeed and hold onto your coins 2014 will be a good year I think / hope
[quote=“FuzzyBear, post:4, topic:1294”]I think you will find that it trends closer to the difficulty of the network… now that PPC are being generated slower than btc and no real sign of the difficulty decreasing I think we will find a transition where PPC value breaks through… I think we are seeing miners realise that mining PPC is actually more profitable to mine and hold for a little as opposed to just mining btc. I have been watching the volume of PPC for sale decrease by over 50% on btc-e as well… so people are buying on the exchange and taking out to their wallets to POS mine? probably… once that happens they see the PPC rise again so are reluctant to sell out too early and the coins are actually doing something rather than staying stagnant like BTC is atm.
Much interest surrounding the carbon footprint on bitcoin mining hence the Peercoin difficulty increase as well as new investors.
Exciting times indeed and hold onto your coins 2014 will be a good year I think / hope
Fuzzybear[/quote]
Yes, I got the same impression since withdrawl from BTCE to my wallet is exactly what I have been doing.
Back in July/Aug, I think the BTCE sell orderbook got 1.1-1.2 million. Now it is around 350K in both trade pairs.
Happy 2014, guys! We haven’t seen PPC in full throttle yet.
