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Well shit, this is 500%+ already. Why did this pump? another random whale pump and dump? It was stagnant for months, now it pumps to hell. Classic pumpy behaviour unless you can find a better reason.

Seems like the typical "good morals" clone of a coin, just like Zcash Classic or whatever. Who would have guessed this would make some people rich?

I made 372k$ from this today alone. Feels like winning the jackpot in casino.

Did you cash out $372,000 in BTC or fiat? Until you do, it is not a realized gain. Is there enough liquidity to cash out.


@thejaytiesto, just when you get jealous and bite, that will be altcoin that goes to 0 and you lose it all. IMO, you can only invest in your convictions. If you believed in a Dash-clone, then you invest. There are apparently professional groups that get together and pump coins. Perhaps @JudgeDredd_ is one of them. Why else would he have invested so much in such a risky altcoin.

I didn't invest in either Dash nor PIVX, because for me the masternode concept is a very flawed technology.

I don't have good advice for how to play in the speculation area. It feels and looks like rolling dice or getting involved in collusion. If our efforts and energies will be expended on those activities, then altcoins will never accomplish anything important.

Actually I'm buying this out of spite for dash and their continual mantra of "No one cares about the instamine." And yes, the staking system will likely create equivalent centralization over time, but I can wait and will move on when that day comes. Until then, it feels real good to put dash's clique of masternode operators into a prisoner's dilemma with each slot PIVX rises on coinmarketcap.com ;)

It is a mix of luck, the tech and circumstances. The psychology must have been "well... DASH is pumping bigly, and this is a DASH clone without all the dodgy premine shit, might as well buy it". The graph was stagnant so the buyer must have thought "it cant get lower than this anyway". There is the risk of a coin getting delisted tho, but those are usually the ones that move very small amounts of BTC.

It should be all about the tech, but markets are irrational as we know and speculators are eager to make money. And obviously whales can pump any small marketcap coin out of nowhere.

Let's hope your coin is an investment I can make thinking 100% im betting on something that brings actual value. I am unable to sleep comfortably at night holding any altcoin thus far. BTC is enough stress to risk let alone alts. I just want to hold a crypto where I can store value without thinking there are always clouds around the corner in the form of a HF, a smart contract DAO-tier debacle and whatnot. That should be the priority. Just give us something like BTC, without the constant storms brewing. If proper electronic cash can exist then everything will be built around it organically IMO. I still believe the killer app is decentralized money. If the PoW problem could be solved to avoid cartels from being formed then bitcoin would be it but that is not the case thus far as we know.

if it ain't centralised then there'll be power struggles. if it's worth something then greed is gonna descend on it with all the horrible behavior that entails. if there's a way to corrupt it, bend it, or use it for nefarious ends then someone will figure out how.

the ultimate crypto will be pure machine to machine and maybe they'll be kind enough to let us use it too.

Indeed, I can't fathom how to do it. All systems can be exploited. So far BTC is our best bet and core has the right idea by guaranteeing nodes are accessible to the common folk without big resources. LN has its problems but its still early and new things will keep popping, and at the end of the day it runs under a decentralized network of nodes which we can always fall back to in case LN fucks up (not so much if the network was centralized due big blocks that only corporations can handle).
Of course we still got the mining cartels problem. I wonder if rules at protocol level could be added to avoid cartels from forming so a single entity can't keep stacking up infinitely and monopolizing a huge chunk of hashrate. The idea I have breaks anonymity of mining participants so its pointless... yeah I dont know. Looks like it will take another satoshi-tier inspiration to bring it to the next level.

Today it briefly reached $1 per coin. A week ago it was $0.14 per coin and a month ago it was $0.03.

All similar coins are getting pumped though (Dash, EXCL, TX). But it's understandable why PIVX is the biggest winner of these pumps; it's not just a simple Dash fork, it did/does a whole lot of things completely differently.

I sold some off in the last few days but I still hold most I mined and staked.

This scenario does really happen on a certain coin that have good potential and lucky for those person who bought this while to its lowest price.I do regret on purchasing it because when i saw this coin i just said to myself that this is an another piece of shit coin. Too bad for me and should change my way or behavior treating altcoins. hahahaha

Help me understand your thinking. Please enumerate for me those very important different features?

Thanks.

No different, it is the simple fork, don't think it has many features, it has the features which dash has. The pump is caused by Dash's huge pump and hype.

Thanks.

So basically it was that plus some BS that wasn't true like the other user was writing.

Typical FOMO mania driven.

Of course I saw PIVX rising and I thought that people were going to keep buying it because of the Dash connection. Speculators are copycats. If they hear the word "Bye" then they "Buy". That pretty much sums up how logical it is.

Then I saw @generalizethis making the argument that you can take revenge on Dash by buying PIVX. I figured that would send it over $1.

@thejaytiesto the problem is that you and I aren't speculators. We are investors. These guys aren't investing, they are speculating.

I don't want to invest in Monero, because I didn't like the community and I think anonymity only coins are dumb.  I didn't invest in PIVX because Dash is the stupidest design ever. I don't want to invest in Byteball, because even though I like the stability point algorithm as a clever innovation, there are other aspects of the coin which make it unlikely to scale up.

Speculators don't think that way. They see the positives only. I see the negatives only. If I was an expert speculator I would study charts and think about all the dumb people who are going to buy something. That is how you make money speculating. Learn to think like they do.

Because I am a programmer. And I expect more.

So I stay on the sidelines of all the shitcoins. But for speculators, they aren't shitcoins and have enough WoW and suitable WooF. If it barks like a FOMO and climbs like a FOMO then it must be a Tulip.

Picked up a good amount under 12k sat after seeing someone post about it on twitter

did you cash out? I am sure you see those epic dumps that happened in past  few hours.

No it was true. They want to implement zero knowledge protocol, relying on the Zerocoin paper, rather than mixing.
They have something they call "seesaw" which adjusts the rewards between MN's and those just staking to stop some centralisation issues with Dash IIRC.

I think there are some other nuances but can't recall ATM

Hope you don't mind but I am going to be a little be sarcastic just for making a point. I actually appreciate you sharing the information.

So they blabbered some technobabble BS lies to make everyone think that theirs was different and improved. Yet in reality it is same old worthless shit that isn't going to be used by anybody.

I'm not actually interested in going and figuring out why it is lies, but suffice it to say I've studied so many shitcoins that I can assure you with 98.62345678% certainty that it is BS.

So spoetnik's fud first and let god separate them is your new take on research?

Hmm. Some would call that ignorance. But whatever floats your boat sir.

:) . Well I think they did what most coins do. There have been several coins out there that have copied the Master Node experiment, and they have traded at low capitalisations (I held some Transfer Coin for a while when it was maybe $20k MCap IIRC)

But for one reason or another the whales have taken this for a ride.

I suspect it is because they have a team (and they might be half competent..not sure).

1. They have a dev team
2. Zero knowledge is in fashion and a worthy experiment.
3. it does not have the dash baggage ( and thus the Dash risk)

This, and the interest in alts posed by the prospect of a bitcoin hardfork has been a perfect storm.
So, I'm not sure that the dev's have been any worse than most coins, but they got lucky in that the whales chose them
Or they might have good product (I dont know)...

Or "reasons".  ;)

Betcha there are "reasons".

Any way congrats to everyone who earned an arm and a leg on this*. Fire up the barbecue (before the proceeds stink up the place).

* I don't know whose arm and leg, since apparently nobody loses money any more.

Well, not that they will admit.

I haven't lost money on Crypto yet but I did start a business a couple of years ago which has done nothing but bleed money.

I got Pivx when it was 11c and got out when it was 62c, so, I made money on it.

How you gunna feel if it hits $14? (Dash parity atm)

Well that will depend on how Decred goes in the same time period.

If PIVX hits $14 but Decred hits $100 (roughly equivalent multiple) then i'll be fine.

If Decred in the same time drops to $1 then I will have made a mistake.

I have been in the Decred slack a couple of days now asking questions here and there, so far I have never been left without an answer to any technical question.

When I had tech issues with my PIVX wallet with Staking (i sent some funds to someone and staking stopped working) all I got from the core team members was "dunno, it does that sometimes, just wait or restart maybe it will work"

From my PERSONAL experience (and others may of course vary) Decred is not heavy on the marketing but good with the code, PIVX dev team are good with the marketing and making fancy graphics, but lacking in technical capability when it comes to the core blockchain software.

Let me know when PIVX fixes their treasury system and i'll go back and take another look but for now its Decred for me.

*edit*

I used quotation marks above that were more of a paraphrase. This is the actual conversation with the PIVX team member regarding wallet staking:


auskipper
9:00 PM
got it
9:00
i take it your not particularly technical member of the team?
jeko
9:00 PM
Community manager mainly
9:01
website of pivx too
auskipper
9:01 PM
ever heard of the staking issue i'm having?
9:01
ie, it was working then stops?
jeko
9:01 PM
That happen sometimes, try to restart computer
auskipper
9:02 PM
ok i'll give that a go
auskipper
9:13 PM
Done, still no joy
jeko
9:14 PM
Mh, sometimes it wont work for some hour, and suddenly working, i don't know why


To be clear I didnt go straight to the non-technical person, I asked in the support channel of their slack first but noone there could help me. Of course the record of that is long gone it was days ago and their slack is very active.

I don't see this pump coming, I do miss the trade. I believe alot of people would have made enough money on this. I don't know the whale team pumping this, this pump can't last forever and expect them people to exit the trade soon

When someone tells you that they are "a community manager mainly," your next question should be, "Is there a Dev who can help me, or someone who is more technical?"

You may be right, but your example isn't that telling given the guy or girl's professed status.

I agree, but the reason I said "ever heard of the staking issue i'm having?" was because I was already asking about it in the general and support channel.

OK, and did you find a qualified person to answer? Did you try reddit? Do they have a slack channel? My point is that the person wasn't likely qualified and the availability of technically knowledgeable people doesn't necessarily coincide with the exact moment you have the problem--this is why posting on reddit usually nets a response from a knowledgeable person. The question will have more eyes on it and the time frame is much longer. And again, you may be right, but without more conclusive evidence it seems you are throwing the baby out with the bath water.

No I didnt ever find a qualified person to answer. The problem fixed itself after 2 days.

I assumed the support section of their slack channel was the correct place to ask such questions.

As I said earlier, this was my personal experience, i'm not suggesting that everyones experience goes like this.

This is probably the most responsive and supportive community I've encountered yet, so admittedly, I'm skeptical of your effort level in asking for assistance. 

Was blown away at how helpful the community on the forums, slack, in the announcement thread, etc., are.

Overall market 40mil, made half mil, own more than 1 percent. Good job, congratulations.

How can I buy this coin since it's not in Poloniex yet?

Bittrex

Any price ceiling prediction?

anyway. why was PIVX mooning so hard?

The people who got rich from this are the ones that accumulated when it was dead.

Either someone that loves buying dead coins in hopes of a revival someday or the devs accumulated then revived the coin, easier then to start an ICO to make some BTC  :D

OR some people have crystal balls that can tell the future

Being a dev these days pays better then being a drug dealer  :D

It's ~14 months old, it was never dead.

who cares about PIVX its already up now, the big gains have been taken advantage of by the smart guys. The same smart guys are now buying Bitsend not crying regretfully over this shit.

PIVX is still just getting warmed up :)

Big things in the future for this great project

one of the best coins in the space, enough said (backed up now by the "legendary")

Maybe the bittrex.com ;D

Won 15X in 2 months .Great the whales have won.  Poloniex were collected . So far the structure would have.

...what?  :o

Dumped my PIVX with nice profit. Picking up some Zclassic for the ZenCash snapshot

no Sir, very bad choices

I never heard any news about them. Why it pump huge? Is there anyone know why? I just sold my PIVX 5 weeks ago. How unfornate of me. Its not available on Polo but manage to get pumped up like that. It will go to the moon if its available on Polo. Hope Polo will add it this coin soon.

I'm confident that will happen this month, but there's also other really big things in the works and was even discussed on Nasdaq.com:

- PIVX was mentioned on nasdaq.com as one of 4 anonymous crypto https://t.co/gJMp46ypeU
- PIVX has been added to Livecoin & Changelly in the past 2 weeks. More in the talks.
- PIVX has had 2 major wallet releases within the past 3 weeks. (v2.2.0 then v2.2.1)
- PIVX devs has had a meeting with "the" Charles Hoskinson last week.
- PIVX HD mobile wallet is in the works. More details avail. in few days. (coinomi as alternative)
- PIVX devs has now started the Zerocoin protocol project in full-throttle. (will be a game changer)
- PIVX budget system is back up with superblock (block 648000) happening in 9 days. (first time in 2017)
- PIVX block halving (50%) is happening at the same block in 9 days. From 10 to 5 PIV per PoS block.
- PIVX has at least 8 devs currently working on Qt/blockchain & mobile wallet etc.
- PIVX Slack has now nearly 5000 users. Still growing everyday. To join: slack.pivx.org

Pathetic attempt to make the prices go up, so you can stop bagholding this coin.

PIVX is going to cuck you and finish on your face

Well, I hope that people dumped at $2 because that was it. It may dump more times, since all coins eventually dump again, but it's going to need something big to go higher. Maybe a Poloniex addition could get the ball running.


There are better high risk altcoins right now to hold and hope for a pump like POSW, which didn't test $1 yet.

We cant say like that about any altcoin in the cryptocurrency world. This pumping and dumping in the small price range is not that great and big dogs can make artificial pumps, we all know that.

that's right but this project really make an amazing pumped then dumped after as we know waiting for another huge jumped up
but since there's more people who's holding it coming from the huge pumped price easily being dumped to escape from the trap
and make a new start with other crypto project.

Got em  ;)

I have always seen pivx as a good investment opportunity. Now that everyone’s attention has shifted to alt-coins, I assumed that privacy coins would also gain in popularity. Reason being, is that now the average people has the same opportunity as rich people who bank in Switzerland.

Nailed it... and so many more reasons (governance, staking income, etc)

well it did not preform as good as other currencies in this alt season
the coin is ok but not one of my favorites

There are various groups of pampas that take nothing meaningless coins and start to disperse them, hamsters join when it's too late and lose money. This is normal.