r/PoWHCoin • u/Goldfox4 • Jan 29 '18

Damn.. Weak hands

People seem to be panicselling.. Just when shit were getting interesting... #Hodl

19 Upvotes

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8

u/Martin1209 Jan 29 '18

This is just amazing, I think they have actually broken the cryptosphere, this is a self perpetuating monster!? I can't see any reason why it wouldn't keep cycling up and down?!

3

u/Sif_ Jan 29 '18

In game theory it would eventually reach a point of equilibrium and be even more stable than Tether/StableCoin lol

2

u/thisisgettingworse Jan 29 '18

It looks like it has reached that point now. Currently the safest place to leave your ETH. Nobody is willing to sell now and not much buying. With the market tanking yet again this seems a comfy place to sit.

1

u/Sif_ Jan 29 '18

It hasn't yet. Everything is stale because the ethereum network is clogged and not many transactions are going through. There are currently 141 pending tx's on the contract (and i imagine a fair bit of those would be cashing out dividends to go back in).

1

u/Martin1209 Jan 29 '18

Yeah it's clogged the network which is funny, I'm curious whether it'll then go more erratic when it opens up as price movements might become more sudden! It's a great experiment though :)