Bitcoin Forum

Quarks price seems very attractive right now. What is your opinion on it? Have this one a potential go much higher in a short term?

It definitely has potential. It has been falling lately so now would would be a good time to invest because it is bound to go back up to where it was.

nope. its over. pump and dump. dont lose your shirt here.

Agreed. you wanna move on over to the NXT community. currently you can purchase NXT at a very good price which can only go up once the main features are released very soon.
Check out www.dgex.com to get yourself a bargain

Quark is a bargain right now. Those who whine don't want you to invest in a coin they didn't invest into. keiser pushed ltc from $5 to $48, he mentioned quark, this alone is huge advantage over all other coins, not to mention it has interesting features and a growing development team:

http://quark.freeforums.net/thread/296/quark-community-project-development-teams

Kaiser already pushed it and obviously bought considerable amounts of Quark before that push. Quark community is using so many cheap tricks while at the same time fails to address the skepticism  regarding the minting scheme strongly favoring people adopting Quark before the "Kaiser" happened.

I believe it would be better for the whole community if such projects are revealed as scam and abandoned in the same manner they popped up.

Exactly Keiser and shill pumped it, then made out of it fast, Keiser was singing it's praises before the pump,then after it dropped like brick, he went cold on it.

QRK is a pump and dump, if you want to take the chance to not get caught out, holding the bag of turd, go for it, but don't say you were not warned.    

He caused a 900% increase?

:o

I am from Europe and I have no clue who Keiser is. Apparently he has a lot of influence..

but ltc has warren and a competent dev team, BTC has many competent devs, and PeerCoin has Sunnky King which is the closest thing to satoshi , when you think about it. Finally Emunie has fuserleer another competent dev.

Who exactly does quark have as their dev????  

He went viral with his show covering BTC and LTC and used his hype to lure lots of inexperienced people into buying one of many low-priced coins he probably picked in collaboration with some of the early adopters. If you observe closely not much volume (BTC) was required to pump it 100x, even more massive pumps and dumps were performed many times before (see fontas on btc-e).

I would say, whoever wanted to dump has already dumped in the last few days, so it's discounted again.

Because Quarkcoin is the most secure and doesn't require to invest in specialized mining gear, it will have broad support from users with even a low-end computer or anything that has a CPU to mine it.

I feel its a pump and dump. Invest your money at your own risk.

I feel like the majority of the wealth is stagnet in a handful of wallets. For the sake of this example let's say its 99% of the coin. Now only 1% is in trade causing a $0.13 rate for a coin. But in reality theres no way the market cap is $ 31,247,995 (calculated by $ 0.13 * 245,926,801 QRK),

In our example, the market cap would be $ 31,247,995 * $0.13 * 1%/100% = $312,479.
In all reality theres much more than 1mil coins in trade currently, but I find the coinmarketcap misleading

For my own amusement, I took the screenshots of QRK (a lot newer than the other two), PPC and LTC graphs from https://www.cryptsy.com/ and they all look pretty much the same. Is LTC as much p n' d as Quark then? I think this "p n' d" phase is bane of every new coin and part of the evolution... time to get over it guys :)

Check it out. Graphs were taken today - http://imgur.com/a/mdlQO

However, when you check QRK volumes, you can see that most was traded before it was worth anything (HUGE advantage to Quark here)... That can not be said about LTC and PPC. No need to call any coin "scamcoin" without doing some research.

pump and dump happen in every coin. You are retarded to believe it didn't or still doesn't happen to btc and ltc

Maxguevara is the developer of Quark: http://quark.freeforums.net/thread/377/quark-community-development

Quarks dev team and if you go through the previous pages you can see their background: http://quark.freeforums.net/thread/296/quark-community-project-development-teams

Lots of miners sold their coins over the time, seeing the prices fall lower and lower. I once had 500k...

according to this site:
bitinfocharts.com/top-100-richest-litecoin-addresses.html

Litecoin - 35% of all coins are owned by the top 27 wallets

Peercoin - 44% of all coins are owned by the top 27 wallets

From the guy who is auditing Quarks block chain:

- A number of things to keep in mind:

1. The addresses I have listed here were found by just randomly clicking through the blockchain, e.g. by following the earliest mined blocks. This list is not exhaustive and there could (or could not) be many more large wallets. To get a true comprehensive list I assume you would need some kind of script, but I'm afraid I do not have the skills to do that. My purpose was just to make a start with it to get some facts on the concentration of Quarks. If someone has the skills to write such a script, please help out  :) So far I have found three wallets with 4%, 4% and one with 6%. There are probably a few more wallets like that out there - but that's speculation.

2. Quark has almost been fully mined, wheres Bitcoin, Litecoin, etc. are maybe halfway there. So we are then comparing 30% of total supply in 27 wallets vs. 35% of half the total supply in 27 wallets. I'm not sure whether that percentage is correct though, judging by the Bitcoin ownership pie chart linked to in the post above? bitcoinrichlist.com/charts/bitcoin-distribution-by-address. Seems like Bitcoin is less concentrated than that.

Quark is in the DISTRIBITION phase right now, what don't you understand. Ofcource there are wallets with bigger numbers. For real have you all even been following cryptos since BTC was worth less than $100?

Probably they haven't, but it's so cool to parrot someone else's 'pump and dump' buzz word and have a strong feeling of bond with whoever they parrot. It's much easier than do the research and understand how things work.

I'm just stating my concerns when I consider investing in a coin that was dormant and very inexpensive for an extended period of time and was 98% mined.  It's just a gut instinct I had when I began to read about QRK

Newbie here, but here's my two cents. Your explanation is somewhat believable, but I just don't see enough convincing evidence that the devs or big wallet guys have a long-term vested interest in seeing quark spread worldwide and become a household name over a few years time, when BTC and to an extend, LTC are buzzwords and growing in use. The temptation to cut and run with millions during an upturn (pump and dump as they say around here) is always going to be there, especially with Quark being almost mined out. I jumped shipped just a few hours ago with half my coins, after exhaustively spending about 14 hours reading everything I can about Quark, most of it is future speculation on the Chinese jumping on board (if they criminalized bitcoin markets, Quark is probably next on the chopping block), and a few big name dudes praising Quark here and there for publicity. It just doesn't feel right. If the Chinese don't grab it like expected, I'm cutting my losses and focusing elsewhere.

hi, I'm running out of qrkCoins: (

QTQwqqtYGSZhX9W3HzEnksCUFdeVR4AQF2 thx

It takes time for people to figure something out, bitcoin was also dormant and traded under a dollar for a very long time.

I'd look at this as another chance to buy cheap.  No reason to drop in value with a delay on an exchange.  They pretty much hinted in CAPITAL letters it would be delayed because there was too much hype.  It will quietly be added at some point soon.

The despair is creeping.. you think they will add it now?

Pump and dump, simple as that. Glad I lost a few bucks today experimenting, now I have just reaffirmed that I shouldn't touch this coin.

I bet you will touch Quark again, but at what price level?

All coins are pumped and dumped, what you need to look at is the fundamentals. Quark has one of the fastest networks, and all those CPUs aren't going away, it'll stay that way.