1000X in less then 2 months, "are you taking drugs??"... you might ask.
I know the psycology of humans and human traders. The psycology of EmberCoin, is like "Bitconnect on Speed and put 100% on a blockchain". This is due to the financial interest build into the coin itself:
- 7200% annual interest until 1. november 2017.
- 720% annual interest after 1. november 2017.
AND in contrast to Bitconnect, then everything is on the blockchain. No company that can run with the money.
But really? and are you sure this will work?
I am not 100% sure, the thing is that this coin is really new and I don't know the developers. All I know is that this coin is setup in a way that will attract people that like fast money and there is build in incentives to hold the coin, rather then sell it or trade it.
To get the reward you need to hold the coin in the Ember Wallet for a set number of hours. The more EmberCoin you have the faster you will get the interest payments. The exact schedule is still unknown to me, as many other details about this coin. So it is a huge gamble with a potential HUGE reward. The incentives are strong to bring in a lot of the money from Bitconnect and other high risk capital, the difference when people buy EmberCoin, is that they hold the keys! I think this coin could create an ultra HYPE, unlike any other HYPE of a crypto we have ever seen, but there is still many uncertainties and unknown factors.
How long does it take to receive the interest payments?
I have heard these numbers:
- if you hold 10 million EmberCoin then it will take about 1-2 days for you to get the first interest payment.
- the first interest payment is about 30%, whereas after that one, it is about 10% pr day.
- the more EmberCoins you hold, the faster the interest payments come, the less you hold the slower the interest payments comes.
Also keep in mind that:
- you need to have the wallet online to get the interest payments (this could be wrong information aswell as the times for getting the interest payments could be wrong, I still need to get exact information, but I know that it all happens on blockchain level, no human interaction involved!)
The ultra fast money psychology of EmberCoin. High interest combined with FUMO can create 1000x within 2 months.
Bear in mind that this coin is traded at 12 satoshi's at the moment, to is is a very very cheap coin. The coin supply us huge, but still there is a lot of room for capital gains. The excitement of getting huge interest payments, that of course need a ever higher price or at least a stable price to make capital appreciation, combined with the incentive to hold the coin in the wallet (or else you will not receive interest payments), make this coin very unique in its incentive structure and could in my view , create a situation, where it goes 1000x up within the next 2 months.
Disclaimer
Of course this is not financial advise and I could be completely wrong, but until now I have been pretty good at spotting new high-x coins so I think there is a change that I am right this time also.
Tip and tricks for getting into EmberCoin
After you have downloaded the wallet, you must do a wallet fix ( you can find the instructions in EmberCoins discord chat, there is a link to the Discord chat on embercoin.io )-
In order to start getting interests you need to encrypt the wallet and "unlock it". All interests are received in the wallet and done from the blockchain!
Recommendations for the EmberCoin development team
I would say that the website and profile of this coin could be changed into something very interesting. Making it the financial super coin that all would want to own. The way to do that is to change the blockchain technology to making the blockchain Graphene based and making the interest schedule more transparent to the public.
