Bitcoin Forum

I predict that before August 1st Primecoin will reach 0.05.

Now is the time to buy in because this coin has the PPC difficulty algorithm. The more it is mined the more scarce it will become and the more it will be worth to whomever is holding it. The time to buy is now, before the GPU miners and ASIC miners figure out how to mine this coin and difficulty skyrockets through the roof.

Once that happens 0.05 will be considered cheap and we may be looking at 0.1-0.2.
The time to buy is now.

Uh huh.... ::)

Watch and see. You'll be lucky to get 1-2 XPM per reward.

time to sell ;)

If you sell now you'll be sorry. People who hold for later will get much more considering no one will be able to mine XPM so easily as to get a lot of it.

then again people stop mining they'll lose interest, u cant do anything with then, people only buy to sell to the next smuck

Mining interest slowed down big time with bitcoin due to difficulty but that still increased in value..

Hmmm, for a reward of 1-2 XPM difficulty needs to be above 500.

At least 2 more days before we hit 9.

I still haven't see a link to the prediction-market page where this prediction is actually being made in earnest, so far it seems like just "empty" noise...

At times like this it would be really nice to have a generic futures/options system where one can specify any pair and very easily add new pairs when a new coin worth making predictions about or worth hedging about happens along... But I guess generic prediction markets are the closest available to that so far.

-MarkM-

Basicly, having GPU miner coming is not synonym of price rising (even if diff. gonna skyrocket) since price is related to miner hardware price thrown into mining.

Look at the bitcoin price, it has decrease a lot since ASICS are now "widely" shipped, diff. is skyrocketing but not the price, why? Because a Ghps is cheaper.

Looking back into XPM: CPU mining is expensive in term of energy, GPU mining will make the kps (k primes per sec) way cheaper. That it. You can think that price will recover then, but be careful.

Cheers.

I figured the suppressed price was due to ASIC makers dumping lots of coins to pay for millions of dollars of up front stuff necessary to start churning out ASICs.

-MarkM-

I'm honestly curious why people were selling in the 0.002 to 0.005 btc range just a few days ago.

Primecoin is interesting. I would like to see it stand the test of time (6-12 months) with no exploits found and no fatal bugs either.

I think primecoin will definitely see 0.05 BTC by august.  It is the most innovative altcoin out there and will be valued above LTC and NVC.

If you want to diversify your crypto currency holdings, then primecoin is the best way to do that.

Interesting observation! They are taking liquidity from the market, btw that's shows us that a "big players" taking out his money (even to invest) can almost divide BTC price by 2.

Well price might also be suppressed by awareness that mining is so lucrative there might not be much incentive to give out your ASICs to the public once you have gotten your initial money from the public by selling them your primitive first stab at it at massive markups...

In other words, there could easily be concerns that the only way to really get into mining might well soon be to design and manufacture ASICs yourself...

The public is rightly concerned that really they don't get to mine as in for an actual profit or even to eke out a minimal, borderline living, they just get to give ASIC developers, in advance, all the coins the ASICs will ever mine, thus saving the ASIC manufacturers the hassle of running mining farms but still giving them all the bitcoins the farms are ever going to mine plus maybe more too...

-MarkM-

And that could easily happen once GPU's get involved and then ASICs.  As soon as GPU mining begins, expect it.

I am placing my sell orders at 0.04999999 then ;)

There is no clear correlation between diff+block reward and price. I am very interested to know whats the reason for the price increase. Whether its due to people genuinely interested in XPM or people just jumping on the train to earn a quick buck. How XPM price behaves if BTC crashes would be also interesting to see.

It all depends on demand. I made this same prediction with PPC and it happened as scheduled. I also predicted BTC 0.01 for XPM and it happened on schedule. So now I'm predicting 0.05 by August provided the demand is there the price is guaranteed by scarcity of supply.

We will see. I would like a few dips to get a few more.

With this coin that is not it though.  The reward per block is cut the higher the difficultly.  So cheaper hashes, means higher difficulty and less coins produced.

End of month is very far from now  ;D And now there is 20 BTC sell wall at 0.00999999 (cryptsy), and totally ~60BTC in orders to 0.015 (there was such spike some hours ago)

It's almost impossible for most people to mine now with ordinary CPU's. It's being mined by Ciphermine and other huge data centers now so as far as miners go in order for it to be profitable it has to be at 0.01 and up at this point. It was crazy to see people selling it for 0.0050 and under.

Time to SELL is now, before GPU mining takes over and the PPS reaches 100.000+ for a single nVidia card.

You sold too early too ? :)

dont know what i shall do. hold or sell?
i have fear that gpu mining will come and xpm loose value...

cant say what will happen then...

me too, but take at least 2 weeks for GPU miner appear, so don't worry too much bro.

I sold a few hundred too early.  :-\

3570k is getting lucky with blocks today at least.

Primecoin to reach 0 at the end of century. :o

Prime coin to reach 0 a the end of this sent.......

The amount of FUD some people are spreading is amazing. Draw your own  conclusions, don't listen to forum warriors looking to buy cheap/sell high.

I honestly thought the buy XPM at 0.002 to 0.005 btc was a no brainer.

If NVC can keep it's retarded value at 0.042btc per NVC, XPM can do much better.

Not sure about that, the interest rates for stake in NoVaCoin are the best since PirateAt40, though doubtless once the oligarchs have multipled their stakes that way it will be going down again so the unwashed masses won't be able to catch up. Centrally planned centrally controlled money / interest-rates at their best! Fans of the Fed should love it! Provided they are in the Old Boy's Club, of course.

-MarkM-

I'd even say 2BTC/XPM by the end of the month

Merchant acceptance of NVC is non-existent pretty much as far as I am aware so its price is not justified at such a high level in my view.

My comments above were made purely based on trading and how these new cryptos usually revalue themselves. It was a no-brainer with XPM it seems.

You can't ignore the shady release of NVC either...it still smells pretty bad.

;D ;D ;D laughing so much

EDIT: also someone pushes price down, wtf

Well, I sold half of my XMP and I'm waiting until it gets to .05 to sell the rest. I predict by the end of the month but you have this thread to look back at to see how accurate my predictions are. Anything could go wrong and derail my prediction, but we shall see.

On Crypsty yesterday XPM high-price was near to 0.0170 (big mistake for me not to sell), now is at 0.01 - 0.0095
I buy all my XPM at 0.0066 and i sell today at 0.01. But i think (hope) the price will rise again. What do you think?

At that price someone had a 160BTC sell wall

Sorry i Mean 0,0066 not 0.066  ;).

Big miner  ;)