I'd like it to be that simple (and I hope it will be in the future) but it was not that pretty. I would like to share this part with you too, so that you learn from my mistakes.

Despite all of my mistakes (and stress), I managed to get a 200% profit out of BC. But then I made it horribly wrong. And I know at least one other person who did the exact same mistake as I did, so it will probably happen to you too!

Here's the story: once I sold my BC, I still looked at BC price. It could go up again, after all - rise and fall happened so often before (granted, never the high and the low - that was the Famous Last Pump but I did not know it by then). So, I started to buy back urgently (panic buy) and then it was a false alarm and when I realised it, I panic sold. I did it three times and I ended up being negative.

What do I want to tell you here? This:
After the Famous Last Pump, Leave and don't go back! You will be tempted too. It was a hell of a ride, you made friends on the forum, it can't just stop like that, bla bla bla. Bull traps are called "trap" for a reason.

So please, don't lose in 2 hours what you spent weeks accumulating. It is painful, believe me. The pain of losing is more intense than the joy of winning.

If you like it, feel free to show it
JR9WbQdsAMfrKeSH3Ke31DuHtCeU2r3hzH

Even 1 Cinni is a proof of appreciation
(I don't post for donation, I post because I love to help people - donation is an extra, never my first motive)

Indefinite 'til the FLP (Famous Last Pump, a tip to FLW)   How to recognize the FLP? I goes very high very fast. Call it "supernova" or superpump" if you prefer.

Remember: this is 10% of your remaing stash, not 10% or your original stash. So it can double more than 10 times and you will still have money. Better yet, everytime you will sell, you will get more money than the previous sale. After three doublings, you paid back your initial investment (provided you bought all in one piece - gradual buying makes it much harder to compute). Do not commit the same mistake as I did - figuring out, this is a "one-time opportunity, there won't be such a coin anymore" - there is one every month. So, dont buy when the train is leaving. Either you did before it leaves or you go looking for another coin. Remember: every time you buy, you must wait for the price to double before selling. If you buy now, you will have to wait to 33k just for firt sale and 132k for paying back your expenses. 132k!

Of course, not selling at all would give you even more money, but also much more risk - and stress, and life-spoiling. Playing on Russian roulette gives you a lot of money if you win. Is it a reason to play it anyway?

I hope I answered you question. Again:
How many times do i let it multiply before selling? Keep selling until you detect the famous last pump is incoming. This time, sell everything. It is difficult to check when to sell during the Famous Last Pump but this is not  that much of a problem: if you followed my advice, you already made plenty of money already so even if you miss the height of the FLP, you still have a hefty profit.

Don't Panic. And take a towel.

That's the beauty of the 10/200 method: it leaves the uncertainty out of the equation, reduces stress at lot and ensures you'll get a noticeable amount of money.

Recipe:
Will it go high?
- No, sell 100% at 107%
- Yes, sell 10% of your remaining stash every time it doubles.

So far, it worked quite well for me, too bad I had to loose almost 2000 euros before I realise it. I hope Monero will help me get some money back.

So, to sum it up: it is not "when to sell" but "will this coin go high?" and "what is the floor price?"

The floor price is less important. I you make a mistake, either you miss the train (you did not win, but you did not lose) or you hold the bag for long (like I did). But identifying if a coin will go high is much more important.
Here, I have not much solution. My double strategy (107% or 10/200) is the best I got so far. The rest is mostly luck/gamble/intuition, none of them being reliable tools.
For the moment, out of Cinni, I believe in Whitecoin (like Cinni, they suffered a lot and I am bagholding there too) and Monero (this one is easier: I mined it from day 1 and prices are skyrocketing from week 1 - plus it really is revolutionnary)

I hope this will help.

Oh, one more thing: beware of forum: FUD and enthousiasm will brainwash you. I was brainwashed on Blackcoin and a bit (but much less) brainwashed on Mintcoin. Keep a cool head, remember that most posters are governed by their testosterone and adrenaline. I you can't handle the stress (I cannot), simply avoid the forum altogether!

One last thing: I really like the "no more than 10k CINNI per wallet". Of course there will be abuses, but this still a good idea. Focus on trying to get as low a Gini index as possible.

Take care of my money

By the way, you should really read the BC thread from time to time, this is funny. They are fighting each others (colinfx vs IconicExpert) It looks like a soap opera

Very amusing. 1BC=1 Lambo, ahah.

Story of my life, zwiggelbig; story of my life. It happened to me five times on BC. Buying, selling at loss, buying again... No more, thank you I buy at low and just don't sell. Then when the Famous_Last_Pump arrives (because it will, I survived MintCoin and I survived Blackcoin), I sell my remaing stash.

Beware though: I have the feeling Cinni will go the way of Blackcoin. So, hold and hold and hold till the last pump. Don't get emotionally attached, this is a plague to the mind
I expect it go higher! I just cancelled my 100% sell order at 18k, placed one 10% sell order at 33k, a second one at 66k (at this point, I will have pay back my expense, every else wil be pure pure bonus, even if it came to plummet at 1 satoshi or suffer the AsiaCoin fate) and I place another order at 132k (the rest of my stash is not on sell order for the moment).

Today is a great day!
I hold the bag for two weeks because I bought at 15k. Know I am finally getting some profit!
I will sell 10 % of my remaining stash everytime Cinni will double from now on (10/200 rule)
Congratulations, Cinni!

This one is good.

Go to http://monero.cc/getting-started. And PM for question (I don't always read the post).
Also check the starter pack if you need precompiled binaries
starter pack

Yesn sale coin but for historical reason, the dev doesn't accept the changing of the name.

Yesn sale coin but for historical reason, the dev doesn't accept the changing of the name.

Considering the electricity bill and the price of BTC by that time, was it worth it when you did it? Or were you that much in love with bitcoin that you were ready to mine at a loss?

I agree with superresistant (but again, remember I am part of the team and so I am biased)

DRK showed us what people are ready to pay for more anonymous coin.
Now, MRO vs DRK.
DRK has three things: X11, DGW, Darksend.
- MRO's CryptoNight is IMHO better (X11 is not CPU-only anymore but more than that, the requirements of CryptoNight are such than the very physical architecture of GPU should be changed - read the Cryptonote's white paper or at least their website.
- DGW. Again, CryptoNight scores better. On this one, I can only trust better tech than I am, so takes this one with an extra pinch of salt.
- Darksend. Ring signature is much stronger, even Evan recognised it
So, everything DRK does, MRO (and other CN) does it better. What is needed now is building up a community. For a coin without GUI, pool or exchange and only three weeks old, MRO is performing very well.

Plus, DRK suffers from the "instamine incident" in January, as well as a curve favouring early adopters more.

For more on this, eizh made a fantastic job on the OP. Look for "How does this compare to other anonymous solutions?"

Finally, what is the most marketable coin? monero (people's money) or Darkcoin (l33t haX0r's coin). On this one, I would tend to say the former, monero (of course) but OTOH, lack of tracability may not be a good thing for public spending - althoug we have a very, very, very long way to this kind of mainstream adoption (public bodies using cryptos) - even major NGO seldom if ever accept BTC - let alone others.

On top of this, add the "boundless setting" ("no fixed-value" as they say) nature of CryptoNote.

Of course, history is full of technological breakthroughs which lost for less technically powerful alternatives. VHS, HTML, Flash, SDRAM... all were technically inferior to the competition. What they  had, though, is widespread adoption. This is fairness of distribution (which brings widespread adoption) that will matter. Here, Darkcoin may succeed or not. Here will be the difference between various CN coins.

Yep, like Bitcoin.
Lesson is: GUI is necessary to pass a certain treshold of adoption. But not at the beginning (of course, to have it from day 1 is better).

BTW: I updated the monero trading sheet with the avg24 and med24: med24 is 125 000 sat

500000 satoshi for a coin is NOT cheap. You got them at 100000 satoshi (5 times lower), if my calculations are right.

I believe Monero competes with untraceable coins. Tracability matter in a lot of transaction (especially when public funds are at stake). DRK should be worried, not BTC.

Of course, there will alway be groupies claiming it's the next bitcoin. I don't know if, as official representative, we should say something in one way or another.

Which mean we are entering the top 50 after only two weeks with no premine, no instamine, no exchange, no pool and not even a GUI wallet.

Cross-posted from the OTC thread, because I discovered this thread later and also because it should be interesting for readers of both threads.

---

Price of monero still climbing on the three indexes (max price, average price, median price). This means (IMHO) that the climbing shall continue.

("max" is the least representative, "median" is the most, "average" is in-between)

Source: Monero trading (you can leave comment on this document, for typoes, oversights or feature requests, I will read them)

Price of monero still climbing on the three indexes (max price, average price, median price). This means (IMHO) that the climbing shall continue.

("max" is the least representative, "median" is the most, "average" is in-between)

Source: Monero trading (you can leave comment on this document, for typoes, oversights or feature requests, I will read them)

Thank presstab (I read you at the beginning on the HBN investment thread, before I got to too tired to read anyone else than tokyoghetto)

I thought scrypt was more common, even in late 2013. Plus, the way I understand it, what matters is what people are mining at. ASIC mining BTC are no use for securing the TEK blockchain, right? Especially if TEKcoin is not merged-mined.

Great, I will download from your source, then. Do you have a changelog (compared to the official wallet)?

Since you did not answer to question 1 (coin with a higher interest rate than TEK), I guess TEKcoin is the highest interest here. I like the fact that its price doesn't change a lot (well, the linear scaling on cryptsy doesn't make it easy to check, especially with no zoom function). For me, this means the "high-stake to prevent price manipulation" way works well.

One extra question: how would you compare TEK to HBN? What does HBN has that TEK doesn't? Higher price fluctuation, making it easier to buy low?

Thanks

EDIT: why is there so few activity on this thread and for so long? It doesn't inspire me confidence.

I read about TEKcoin thanks to tokyoghetto on his famous HBN investment journal. I see that TEKcoin has a 480% interest rate per year, that's truly impressive for fire-and-forget people like me (I am not good at day-trading, that's for sure).

Four questions:
- Is there any coin with a higher interest rate than this one?
- Why this coin was created? To get the highest interest rate or there is more to it? I suppose the goal is to discourage any attempt at selling, even at high prices (or only the result of your stake) and I guess there is a coin-control wallet, right?
- Why a shacoin? Sha is much more energy-hungry that scrypt If tek was created now, I would use X11 for the purpose of energy efficiency (or CryptoNight if CPU draws less energy than GPU, which I don't know). Maybe the least energy-intensive would be an scrypt-ASIC (scrypt has a lower energy footprint than SHA and ASIC are more efficient than anything else)
- Where is the source for the wallet? Where is the Linux wallet?

Thank you.

Could you explain better what a commodity is? This word has no accurate translation in my language and I've never been able to really understand what a commodity is and is not (I think a commodity is something you take for granted and has negligeable value as a consequence, like air or electricity).

Thank you.

What's an ETF and what it does matter?[/quote]
Right, it was meant to be GPU-resistant.

tokyoghetto, I just read the whole thread (well, mostly only your posts because it would have too long for me at 6 AM). As a core member of the Mintcoin team, I appreciated your reading on it. I also appreciated what I read about Blackcoin and HoboNickels and Tekcoin, about the importance of the dev behind the coin (I knew it already but you confirmed my feeling).

I must confess I did not understand all you wrote; part of it because of lack of sleep, certainly; part of it because, well, we neverseldom understand someone 100%, right?

I would like to ask one some questions:
1. I've grown defiant of day-trading - this is not for me. What are the alternative if you cannot just take your real-life money and buy coins after coins? You seem to imply that betting on a stable crypto with a heavy interest stake is worth it. So the various strategies I see:
-- day-trading
-- long-term minting
-- pure investment (buying a crypto and hoping for long term growth)
-- mining (not possible for me, too small a flat for rigging, maybe renting for fast PoW but that's all)
-- "venture capitalism" - identifying coin with a future, but at low price and wait
-- any other?
(personally, I am more in a fire-and-forget thing, since I have enough other project to keep me busy, like making sure people live better after 50).

2. Tekcoin has a 160%480% interest rate per year (40% interest for threeper month), so it protects even more against sudden pump and dump than HBN does (I know, it requires you to keep them for three months, so catching the right moment to sell is even harder than with Mintcoin). How would you compare HBN and Tekcoin? Please note I am not that much interested in your final say than in what are the things you will take into consideration, how you mind will work. Hopefully by reading your answerreply, I will be better able to understand what is worth considering.

Thank you again Tokyoghetto for your calm and serene writing style (and content).

As stated at http://monero.cc/getting-started
(the exact line is ./bitmonerod number_of_threads MRO_address)

1. upload the blockchain out of bitmonero (USB key, scp, ftp, whatever) and place it int .bitmonero (in %APPDATA%)
2. install bitmonero.exe and run bitmonero.exe MRO_address x (x being your number of threads (CPU*core*2)

You don't need any other file than bitmonero.exe on your extra machines.

Excellent idea!