There is something to be said for the strength of a coin’s community. Everyone plays an important part. The miners who do the heavy lifting and initially commit their resources. The minnows who diversify the market. The whales who pour the volume on like gasoline to a fire. The pumpers who… meh who am I kidding.. FUCK THE PUMPERS.

The larger the community, the higher the coin’s potential. The more miners, minnows, and whales that get on board — the more the price increases. So how can we measure the strength of a community? By starting where it all began on BitcoinTalk

I believe the number of posts can be used as a barometer for the initial launch community. Yes, I know, community can sometimes rally later but we’re talking about identifying the next rocketship before it launches into orbit.

(side note — If there are any mathematicians or statisticians reading this— it would be interesting to see this cross referenced historically with coins’ initial 3, 7, and 30 day gains)

Like it or not, a successful coin needs the backing of WHALES. *gasp* I know. They manipulate the shit out of coins to their sole benefit or the benefit of their group. But it doesn’t change the simple fact — crypto markets and coins need volume in order to survive. Whales provide liquidity for getting our BTCs in and out quickly as well the necessary BTCs for a MAJOR push upward. Unless you want to invest in a coin that ends up like 90% of the coins out there —untradable with just a few BTCs exchanging hands per day — then stop whining about whales and learn to see their patterns and benefit from it. (see baby-whale above learning from papa-whale)

So how can we tell if whales are picking up this stock? When Asiacoin was released, a flurry of exchanges picked it up in under a week. Bittrex, Poloniex, and the kingmaker — MintPal. Volume was about 100-200 BTC/day on Poloniex and once it was added to MintPal it was doing 600 BTC initially! That’s a LOT of AC accumulated and even now we’re seeing almost 300 BTC getting bought up per day. To put that in perspective:

Asiacoin is the sixth highest traded coin on MintPal and that’s BEFORE POW ends, Multipool begins, Pumpers start, and NEWS comes

There was so much initial volume on the lesser exchanges that Mintpal added Asiacoin instantly — unilaterally bypassing their “voting” system.

Every great coin attempts to innovate in some way. Auroracoin was the first country coin. Mintcoin gave us POS. Blackcoin first with multi-pool. Sometimes that’s what separates a good coin from great. This is where critics would say Asiacoin is weakest — it just doesn’t push the envelope far enough. What unique features does Asiacoin boast of of today:

It’s the first “continent” coin It’s the first country coin with POS It’s the first POS coin with 100% interest in year 1

None of it is very exciting or unique… BUT it’s enough at this stage. Remember, we are VERY early in Asiacoins days. I actually think the biggest innovation that Asiacoin could make would come in the form of a “new and improved” multipool. It’s clear that’s what the market wants (see Fluttercoin’s recent “standard” MP announcement and subsequent selloff ). We are about to see a war between multipools (whitecoin, blackcoin, fluttercoin, asiacoin, etc) and the MPs with the best profit switching algorithms are bound to win.

Long term I would like to see Asiacoin provide the market with a significantly improved multipool (in addition to full transparecny telling everyone about it weeks beforehand). The good news is we’re still at least 5-6 weeks out from a multipool and there is plenty of time for the AC community to improve it. Another idea I’d like to see them pursue is really “owning” asian multipools around the world. This is Asiacoin after all, shouldn’t it have thousands more Asian miners around the world contributing to additional hash rate?