I took your "maths" and applied it to btc-e btc/USD. I got a "average" of $399. That is pretty bearish. I have liquidated all my btc as it is only worth $399, it is $150 more right now. I'm going to make a killing with this new fancy calculations..... It will not necessarily go as low as that, but when market sentiment is bullish the average price is close to the current price or even above it and usually after that the price starts rising. That's what I noticed anyway from observing order books, take it with a grain of salt. people don't like using NXT. This is what you are illustrating to me. NXT is Myspace, Qora will be FB. huh ok, it will happen as you say, I just shared my observations.
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I took your "maths" and applied it to btc-e btc/USD. I got a "average" of $399. That is pretty bearish. I have liquidated all my btc as it is only worth $399, it is $150 more right now. I'm going to make a killing with this new fancy calculations..... It will not necessarily go as low as that, but when market sentiment is bullish the average price is close to the current price or even above it and usually after that the price starts rising. That's what I noticed anyway from observing order books, take it with a grain of salt.
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But generally, calculating the average price by the order book you can feel the market sentiment, whether it's bullish or bearish.
Did you also calculate the average Ask? It's neither Ask nor Buy I calculate. It's coin A exchanged for coin B, there are certains amounts of coin A and coin B loaded up in the order book to make deals. It's buyer's market in Qora right now, meaning a lot of people who want to unload their qoras and not enough buyers for those qoras. Buyers can pick and choose the price. The average price they are willing to pay now is 17 sat. That's all. For example, in Litecoin it's 0.0043 BTC or $2 right now according to Btc-e order book.
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Guys, you shouldn't be so butt-hurt on the 17 satoshi, remember it's the average price of all buy orders at Poloniex. Some people are willing to buy Qora at 50+, some at 1 satoshi, average is 17 satoshi. Usually the price trend is in the direction of the average price, unless something unusual happens. Now, let's think together what unusual can happen to Qora?
Not that I give a shit what anyone on a forum says, but your calculation is ridiculous. What does the selling side has to do with the BID orderbook? Lets assume some guy wants only to sell his 500 M qora at 100 satoshis. This gets added to the calculations, now it looks like: 20.05 BTC in buy orders / 617985706 qora on sell orders = ~3.25 satoshis. How exactly has the Sell order changed the "price the buyers want to buy"? There are buyers with pockets full of 20.05 Bitcoins and there are sellers facing them with pockets full of... whatever was the number of Qora on sale. Now, that's all rough calculations, we can't know how much more Bitcoins and Qoras are not held in the order book, but just waiting to hit the order book later. But generally, calculating the average price by the order book you can feel the market sentiment, whether it's bullish or bearish. If the last sale price is 50 satoshi, but the average is 17 satoshi, I would say the market sentiment is bearish or will soon change to bearish, as clearly most buyers are willing to pay much less than 50 satoshi. At least that has been my experience from observing the order books of various exchanges, those that allow to view their order books. Something new or unusual can happen to reverse the sentiment, this is always a possibility.
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Guys, you shouldn't be so butt-hurt on the 17 satoshi, remember it's the average price of all buy orders at Poloniex. Some people are willing to buy Qora at 50+, some at 1 satoshi, average is 17 satoshi. Usually the price trend is in the direction of the average price, unless something unusual happens. Now, let's think together what unusual can happen to Qora?
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This is awesome! Cheap Qora!
Well, cheap is under 17 satoshi, right now it's too expensive per what the market indicates
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how did you come up with that??? 2378.71 BTC in buy orders divided by 534839.39 LTC in sell orders. AND 881331.5 USD in buy orders divided by 452119.09 LTC in sell orders. All pointing to quite bearish market sentiment. The price tends to go where the average is. Usually. If nothing extraordinary happens that reverses the trend.
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Ghash is back to 33%, you can go back to sleep now, nothing to see here.
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Your best bet at raising trade volume would be to go on the NXT Asset exchange (David Latapie said he would consider a possibility to set up a gateway), Mintpal won't add you, they were playing same games with NXT and still haven't added it. They only add bitcoin clones because it doesn't take any work to add those. Any new technology requires time to test, so major exchanges won't add so quickly.
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What? haven't you just proved as a worthy competitor possibly defeater of NXT that Qora is dirt cheap? 0.006 NXT, are you kidding?
I am not kidding nothing, that's what it hardly sells at at NXT AE (some trades at 0.006 NXT) and there aren't many enthusiastic buyers. At Poloniex, the average price buyers have stacked their buy orders at is 17 satoshi, that's what market thinks Qora is worth, don't ask me why, I am just reading numbers the market provides and posting my observations. You may have illusions, I prefer to post what reality shows me.
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Buyers are willing to pay only 17 satoshi on average,
20.05 BTC in buy orders / 117985706 qora on sell orders = ~17 satoshi.
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lol
MOST people wont touch a closed source wallet
Just put it on a virtual machine that runs nothing else but this closed source wallet. Qora is selling at 600 000 NxtQuants (0.006 NXT ) at NXT AE, but trade volume is still low, the price is still too high.
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I have different ID numbers. Mine was 9629847092812783760 and now i have another with 0 balance. I m not copy pastying and i am certain the passphrase is good because also the android app tells me when the account and passphrase match and theorically lets me send later the funds (succeed)
Same passphrase will render same account. It means the pass phrases are not the same.
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I downloaded de 1.1.4 client but now i have different ID (all numbers) and different address too (NXT-....-). I didnt create one, just logged in with that old passphrase, how is this possible?
go to Settings -> use Reed Solomon, switch it to No. Do you see your old account number now? if you see a different number, then you use a wrong pass phrase, make sure you don't paste a whitespace after the pass phrase unintentionally, try to type it by hand instead of copy pasting.
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That makes sense to me. I am wondering something though.
Qora is a new code. I get it. That does indeed make it special.
But what can it do that NXT isn't already doing?
There is one thing Qora can do, which NXT cannot. Qora can sell on the NXT Asset Exchange, NXT can't
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More opinions please? Try to stick to Top 5 or Top 10 format.
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Sorry but if you had the time to make the suggestion it says you care in the slightest way. I'm not going to hold your hand to get your suggestion anywhere.
If you want it implemented then that is where you should start.
No, I don't. Please don't try to find that in me In fact, Litecoin is now a competitor to what I invest in, and it's in my interest that litecoin fails and gives its market share to something else. But because I really liked Litecoin in the past, I feel like I should suggest something good on its possible development, but it will probably fall on deaf ears anyway. Oh well, that's a natural course of events.
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Where did you post this on litecointalk.org?
I haven't, as I don't own any Litecoins now and don't care if it survives or not. If you care about it, feel free to copy my suggestion to their forum.
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Once again we are talking about your opinion.
The market's opinion overall matters more. Just look at the track record of LTC thus far over almost 3 years.
Features come with cost as well as testing. Testing takes time and patience. It isn't where you stick it in the microwave and voila it is done.
You come as a smart one and must understand that in technology you can't rely on the past success, you have to work hard all the time. Above I made one suggestion which doesn't require much testing, as Counterparty did a lion's share of the work already, but would add to utility of Litecoin a lot. Although I think at this point it wouldn't gain a lot of market share, but it'd add a new feature and wouldn't require a hard fork, and help Litecoin survive longer. Just sitting and waiting won't move it anywhere, but downwards.
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