Kaspa is amazing – it severely impacts ASIC miners, but people still buy these miners for huge amounts of money instead of buying the coin directly. Those who buy second-hand ASICs are doing better than those who buy new ones. However, Kaspa investors are the biggest winners: I've never seen a coin that makes life so difficult for miners while increasing in value, and investors can profit from this ASIC battle by buying Kaspa cheaply.
Alephium, which launched at the same time as Kaspa, has already increased from 10 cents to $2. Kaspa, priced at 14-18 cents, is very cheap and has more potential than Alephium. This is just my view on Kaspa's current situation. It seems that wealthy individuals think ASICs are like money printers, increasing the Kaspa supply. But with this aggressive emission, they've misunderstood the situation. Kaspa is still in its first Bitcoin-like cycle, and they're selling all the coins they mine.
Small miners are splitting their Alephium holdings equally between selling and holding, while big miners are selling everything. This increases selling pressure, but how long can they keep this up? With emissions dropping sharply each month, their profits are falling drastically. By the early part of its seventh year, 99% of all Kaspa will have been mined.
I am trying to understand more deeply, why kaspa is a death trap for big asic miners - they are forced to compete so hard against each other. This competition is creating a huge sell pressure, and despite this huge sell pressure, Kaspa is pumping even more. My gut says to me, Kaspa is about to explode. And this kaspa short term sell off means nothing in long run... I think strategy that worked for Bitcoin, will work for Kaspa.
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