I doubled my holding of NANO a few weeks ago when it was around $1.30. Since then it went all the way down below $1 and has since recovered nicely. Hopefully as you say the death spiral has ended!
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I doubled my holding of NANO a few weeks ago when it was around $1.30. Since then it went all the way down below $1 and has since recovered nicely. Hopefully as you say the death spiral has ended!
Nice! I'm looking to go a lot deeper on it as well. It is hard to say how long the draw out will be but in my mind even if it eventually recovers to $5 or $10 there is a lot of money that can be made. Not having additional inflation will be interesting with this.
Yeah as you say the lack of mining is both a strength and a weakness, good in terms of no inflation or fees, but possibly bad as there is no incentive for the average person to run a node. I guess it is still pretty centralised, but whats beautiful about NANO is there is actually an app that works and sends fund in literally seconds.
I am really positive about the tech, the only worry is getting mass adoption may be difficult.
Yeah I start to question any cryptos ability to gain mass adoption for transactions and not just be this super hype bubbles. For Nano or any other coin to gain utilization as a currency will take the right situation. But even if that doesn't happen I think that we can catch rides on the hype bubbles.