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It doesn't look like a pump to me. Sells were drying up after a decent period of consolidation. Eventually people will want to sell for more as there's no shorting these markets  |
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Thanks for the update! Really cool to see all the effort that is going on behind the scenes.
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Hey all and happy new year!
Just wondering if there is a road map for 2017? I remember something about the generator pool being sent into space, I think that was 2017? As always looking forward to seeing where this project goes as it continues to grow.
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The coins are used to Sell and get BitCoin for them. Then you take the BitCoin and buy things or sell BitCoin to Fiat. If the coin had a Use that Merchant would have to sell to BitCoin and then to Fiat so it is the same principle just no need for a middle man. Really the ones making money will be the Miners of the PoW coin. If you buy their coin to speculate in the market you can make some money too I suppose. 40 Year project though it will take some time to get the PoW coin distributed so it can't dump down the price after the Claimers sell off continually. This is a gateway to BitCoin, it is like SLR is strapped to the back of a BitTowTruck doing 100 MPH on the freeway spewing black smoke and cutting people off in their Hybrid cars, SLR can only wave and say sorry its just the way the world works.
Such pessimism. There's always going to be a need for Bitcoin or some technology like it as a mainstream to trade with. What are the use cases of this coin? Im a big Solar energy fan, and it would be cool if I had my own place and was generating solar and got some coins. BUt beyond that (and then selling them). what can I do with them / what are its use cases? What drives value in it? Thanks
The philosophy on how Solarcoin derives it's value is through solar production with distribution and encouraging clean energy use. That's it's primary function however there is more going on in development behind the scenes. It's still growing, and there are a handful of merchants. In my opinion it would be fantastic if solar merchants accepted the coin, even as a percent coupon. That would fuel even more sales of solar panels, inverters, grid ties, etc. There's much going on as Nick would say "Under the hood" I can't comment on. Needless to say just read the news section of the solarcoin.org website if you're looking for more information. That isn't pessimistic it is reality, and also SolarCoin didn't cut the people off in their Hybrid cars or near miss bicyclists as they choke on black fumes when The BitCoin Tow Truck that SolarCoin is being towed by goes on a road rage. It is BitCoin doing that stuff, but SolarCoin is trying to say it is green... only in the face now, because it is about to throw up from being on the back of the Swerving Speeding Tow Truck BitCoin that it hitched on to. This makes little sense to me. SLR is green because it incentivises solo production by rewarding solar power generators. If SLR was to then be traded for USD would you then say it's being towed by debt, the federal reserve system and quantitative easing. |
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Looks like our whale is back. Big buy orders have reappeared. I had a strange feeling that this recent rise was a way to lure in new investers, then crash the price in the hopes they would panic sell to fill his orders. Be intesting to see if that's his tactic. He must have realised no one was going to fill his buy orders as anyone who was going to sell would have already sold after the large selling spree. Edit: and now they have been removed again  |
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Don't you guys understand? What goes up too hard comes back down eventually. Its as simple as that. How did you not see this coming? I hope you didnt buy too many at the top  The price was heavily manipulated up so I was kind of expecting it to be manipulated back down at some point... BTW: I learned a lot from Nick's book: The Nature of Value. Its a really well written book! Thank you Nick  I mined all my coins way back at the start so I'm happy to wait. But I understand the reason for manipulating the price up as you can sell at a profit. As far as I'm aware you can't short solarcoin so just driving the price down will only lose you money. The only way to make money from driving the price down is to buy cheap then pump it up again. So just give it time, the price will recover once who ever is doing this feels they have enough coins. |
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There is a person or a group of people who have been deliberately driving down the price. I'm not entirely sure why as pushing the price much lower hurts the long term up trend. If they expect to drive it down and for it to just recover they would be mistaken. Im guessing once they have all the coins they want they will pump it so they can sell at profit. Personally I wouldn't take much notice of the current value as the market is far to easy to manipulate until we can get on more exchanges. Low volume is probably a response to all this as no one wants to be buying into a so obviously manipulated market. Just wait it out as solarcoin grows over time and just use this as an opertunity to pick up more coins on sale |
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Ok obviously some crossed signals on the Poloniex issue. The foundation will have the logo and messaging removed immediately.
I can't wait to hear why they decided to not list us or what was the communication error :/ By the way @themeco - if we get to more exchanges the manipulation will decrease. The large price swings are because we are only at one "major" exchange at the moment. We need liquidity - getting on more exchanges will make the price more stable don't you think? Maybe, I don't know for sure. In my experience it can be a bit of a double edged sword as there is always manipulation in markets. The Forex and commodities markets are huge but there is tons of manipulation, all it means us the little guy has no chance. More liquidity is good as it means more participants in the market, but I wouldn't expect it to end manipulation for good. Hopefully it just make it a bit harder. |
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Someone in Bittrex is desperately trying to get his stash bigger at 0.00018 and is doing it for quite long now (crashing the market) - is it you mister Whale? I can't wait for Poloniex and other exchanges to stop this bullshit manipulation already - It's getting old. For real dude, stop the crap and just buy if you want to... I hope some new investors come soon and eat the wall at 0.00024 - it's getting ridiculous at that price... Well what a surprise ~20 minutes later, after my post, someone dumped ~ 50 000 Solarcoins... Well I guess this is the right time for new investors to BUY!!! Come on guys Let's get Solarcoin to 0.25$ again!!! Poloniex is coming, Bitcoin halving is coming - next month will be the real HYPE - I hope we reach 0.50$ soon. No more cheap Solarcoins. Coinmarketcap top 10 HERE WE COME!!! EDIT: OK it is a 100k DUMP now... pathetic... Hmmm I dont think so.. https://twitter.com/Poloniex/status/747837090365382656Interesting. Would be nice to know where the confusion came from then. To be fair I'm quite relieved at this stage to not be going on a larger exchange. To much sheep mentality and fear on the bigger exchanges, given it's recent large swings would be nice if we could see SLR more stable before jumping in there or somewhere similar... and I'd rather avoid having to look at a troll box for as long as possible |
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Hard to know for sure but I agree. Just in the same way that nothing goes up for ever nothing will down down forever either |
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It know it looks down but check weekly chart. A correction to 1500 levels was expected, currently a 50% retracement from this years bull run. I was expecting to see this, gonna be using this as an opportunity to grab a few more coins. Nothing can go up forever, corrections are healthy and help to prevent bubbles.
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Currently waaay to much volatility to day trade....The pump started a couple of days ago. Whales are creating this volitility and pump. I'm afraid they will dump millions of $$ worth when it hits polo (if hits polo - I have not see evidence from polo about this). Be careful. edit: with this many rich wallets - https://chainz.cryptoid.info/slr/#!wallets - these high prices are not sustainable. Volume is too low even if one wallet "cashes out" Yikes! The rich wallets are reducing. As the price goes up the large holders are slowly selling coins. This always happens. Not too many people can hold everything after it's gone up 30x. I am speaking from experience in this case. Same here. My stash is smaller than it used to be :p I GOT 302,425.433 SLR AND GROWING DAILY THIS IS THE FIRST COIN THAT IS PAYING INTEREST WHEN I FIRST STARTED MINING SLR THE TALK WAS 10.00 USD BY 2020 AFTER ALL IT IS THE FIRST COIN TIED TO A COMMODITY And Easily see $1+ on Poloniex the first day in my opinion.
I was wondering the same thing. There are some good reasons why this could happen. If speculators do their research and look at SLR's long term charts its has very healthy long term growth. It often reminds me of bitcoin the the early days. First, what the point of bragging about ones holdings?! Congrats to you but posting your stack total does nothing but make potential investors in SLR run for the hills frankly. Someone coming into SLR sees yours and so many fat SLR wallets together with so little liquidity on the exchange and it paints a picture of "doom and gloom" for the future SLR value. Basically with only about 60 BTC buy orders and 525 BTC worth of sell orders on the books at Bittrex, your stack alone would put a pretty good dent in the price! That is my concern in the coming months as SLR gains popularity...whale wallets cashing out. But markets will be markets and I'm only stating the obvious for those wanting to enter the SLR market. Frankly, I hope the price drops off and increases slowly instead of this pump we are seeing which will inevitably lead to a dump/correction. The price has been rising slowly for years. This isn't a pump and dump, check the long term charts. Also check the asks, there is only around 88 BTC worth of sell orders before you get to people selling at much higher prices than would be expected eg. selling 120 SLR for 105 BTC. But on a daily basis there can be up to 200 BTC worth of sell orders. So you can't really rely on the bids and asks to determine even daily volume. Your concerns about whales is valid, I have expressed similar concerns in the past, but it makes little sense to dump a load of coins on the market in one go. Most large holders have been slowly selling off as time goes by, pretty similar to what happened with many large bitcoin holders. Plus we can see upwards of 1 million coins being sold on some days. There are very few if any single holders with this many coins. Joining a new exchange will increase liquidity, and regardless of this volume has been on the increase for months. I understand the desire to wan't to drive the price down, but even at these prices many people here still see the current price as a steal considering all the development and work that is going on behind the scenes. |
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Easily see $1+ on Poloniex the first day in my opinion.
I was wondering the same thing. There are some good reasons why this could happen. If speculators do their research and look at SLR's long term charts its has very healthy long term growth. It often reminds me of bitcoin the the early days. |
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There is this notice on Poloniex -
On 6/3/2016, the following markets will be delisted: ARCH, EXE, GEMZ, INDEX, MIL, MRS, NOXT, XCH, XDP
Just a guess but if they are removing these markets this may be when they are updating?
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This is great news. Everything is looking on the up and we still have a long way to go |
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Where are the source for SLR appearing on Poloniex? Is it just talk for now behind the scenes? Good news if it does get on there. Given how the total available supply is relatively low on a per $ basis, and excluding that a large percentage of this supply appears to be in the hands of long term holders, the only way to match the incoming $'s would be and increase of SLRs percieved value. With the long term up trend I see a lot more speculators wanting to get in at this early stage.
The extra liquidity is exactly what SLR would need as it continues to grow and increase in value. In the long term hopefully it will create a bit more price stability and reduce the affect of market manipulators trying to keep the price down. No doubt it would be a bumpy ride along the way.
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Hey, I'm having issue with the update process. I download the update but after when the wallet is restarting I get this error.  When I restart the wallet it prompts me to update again, I get this error every time after attempting to update. Any ideas? Edit - Seems to have fixed itself. Tried to update again this time it worked. |
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Sent §1000 to ElectriCChain. It's not quite 100k... amazing who ever that was, but will try and do my part. I've had faith in SLR since way back at the beginning, so it's nice to see this project continually meet or exceed my expectations. Good luck to all |
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Just for the hell of it I decided to post on /r/solar, there is an intersting question about whether Solarcoin would invalidate an SREC claim, Im in the Uk so have no idea, anyone have the definative answer?
I believe it does invalidate the SREC... And how does it make any difference if you "believe" in this or not? Do you KNOW for sure if it invalidates the SREC, or not? If you do - where is your knowledge coming from? Any written law quotes, etc.? Anyway, thank you for your opinion! Written laws are what the SREC is about, it is controlled by the Government not an Ice Cream Man. Some states don't participate and others allow neighbors into their market. So when I say it invalidates SREC don't get defensive my friend. Let it invalidate the SREC market and/or dilute it. That will make people claim SLR as an alternative, but this doesn't make the price go up for SLR either, sorry to reiterate that theme again. But, it gives a lot more exposure to SLR since people would have to be told why their SREC claim was diluted. It doesn't make SLR illegal it just makes those that want to use the SREC get less for their claim. If SLR didn't require a Claim and just gave it to dealers to hand out then the SREC wouldn't be affected. At that point it is just an affiliate program and nothing to do with Claiming for buying. But you can debate me on whether the SREC may care about SLR, I think they would since it is money they can withhold from the SREC market. And if all SREC claimers double dip then who really cares at that point it is just more incentive. So really it is up to the SREC to make a judgement. They may not even know about it... Yet... Your beliefs do not create the laws - that's what I said. Unless... you are the one who writes the laws? Based on your beliefs? I just asked for the exact law quote your belief was based on. Not defensive, nor offensive - just looking for the facts. Yeah, I may believe in UFOs, yet that does not prove their existence. But our beliefs followed by our creative actions DO create the reality. That's what I know. It is a law that SREC is paid from the government, if they find out you are supplementing your payment in another market and claiming in their market do you think they will call that legal and not impose anything? It is a law that SLR is encroaching on, if it were the Ice Cream Man that granted SREC then no worries, unless the Ice Cream Man flys a UFO and only Solar Claimers can hear the Jingle and run outside... then I worry. I only worry when fighting against a law. I just stated what laws tend to be created for, if there is a way to game the law you also better believe they will take action. Like I said it will most likely devalue SREC and have no impact on SLR. This is only what I believe though, and it may also consequently outlaw SLR... Believe it or Not! So there is no law as of yet for SLR to invalidate the SREC. Thank you! The guy on /r/solar seemed quite concerned that Solarcoin was a competitor to his nascent SREC resale business, which is bad because these SREC resellers have access to the captive solar market in some locations and they will advise PV producers not to claim. On the other hand the fact they feel threatened means they at least know Solarcoin exists and think it must have some disruptive potential for them. So it's not a competitor, it's a supplemental non-governmental incentive program. Instead of worrying, they can start promoting SolarCoin and get their 10% referral bounty SLRs by helping the PV owners make their claims. Here is the referral program: http://solarcoin.org/en/solarcoin-10-bounty-program-is-now-live/I quite agree, there seems to be no statutory legal issue I was pointed to and I said as much. It seemed some SREC resellers are signing excusivity deals (exclusivity over exactly what wasnt apparent), that could be murky, all I said to that is never sign exclusivity into anything. I dont see how the SREC scheme would know a Solarcoin claim was in anyway (we dont want to direct people this way because it creates doubt). Its like driving your car while on your mobile phone, no-one will probably know, so long as you arent on the phone to the police while doing dohnuts in the police station car park. hahaha that made me laugh. Forgive me if I'm being ignorant but what would there be to gain from exclusivity deals? I was under the assumption that SREC's exist as a form of subsidization for the solar industry. Surely if the objective is to subsidize (or in other words help) the solar industry would another complimentary form of subsidization not be welcome? I don't see why there needs to be competition. Unless I'm missing something, which is possible as I don't know to much about SREC. |
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To me it looks like a continuation of the long term up trend. It's tested 0.00007000 range before and is doing so again. My hope is that we clear 0.00007000 followed by a period of consolidation. Holding SLR seems like a safe bet for the long term. I'm excited to see where this project goes aside from the price, but value is obviously important for its success so good to see the positive trend.
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