This is terrible.

I test out alt coins by buying 1%+ of the economies on market, and roughly the same off market. My thought process is simple, if I buy a decent percentage of all the coins and bump the market, and coins keep coming stronger than I can buy them, then I feel people are holding big and trying to dump.

I bought 150,000+ PXC on market (5% of all mined PXC), and had only two offers to acquire some off market, one person wanted the bid at that time, the other wanted twice as much as they were worth.

After buying and bumping the market several times, it was still going down, and I couldn't move a percentage of the coins I was holding on market for love nor money. So I dumped them all on market and got out. It felt like too much of a risk, for me, personally, at this time.

Regarding PhenixCoin itself. I appreciated that a lot of work is going in to Phenix related stuff, but to me all that stuff is useless and not anything investors I know, or normal people I know, or indeed I, would use - so it didn't really mean anything to me.

I'm NOT saying PhenixCoin is a scam coin, it may do well, as may UNOCS.

tldr; I bought 5% of all PXC on market very easily, could have bought another 8% of coins off market, and another 5% of coins on market easily, and when I can buy 5% of an economy, double the price, and still easily acquire 10-15% more easily then I get itchy feet and dump.

I bought 150k, moved them all, holding none now - feels way too risky, may regret moving them, but a risk I'm willing to take. Thanks for looking.

Dead coin?

At 70 LTC per 10k GLX, that gives it a market cap of 9.8 million USD, putting it the third most valuable coin in existence, 3x more valuable than the current third place coin, namecoin at 3m.

You can't have this list without FellowTraveller on it (OpenTransactions, he's done more for BitCoin and crypto than most people put together)

no idea lmfao

Fair questions.

No, it's not being propped up by me at all, I have no buy and no sell orders on at any market, and don't plan to have any either. I helped increase the value of IFC and acquired quite a lot, which moved the price up and then it stabilized back at 3000% what it was a few hours before I started buying. That is at least some confidence in the coin.

The fact is, that each currency only has the value which is ascribed to it by those holding the currency. Gold has no value unless everyone agrees it does, likewise Bitcoin, likewise Litecoin, every coin. I don't expect InfiniteCoin to compete with the major currencies, but I do feel it has some merit and some value, because of the sheer quantity of them, and the fast times to mine / support the network, it could easily be used for anything from microtransactions, to transferable store card points, to game credits and all sorts of things, by the time you break it down to uIFC that's a huge amount of scope, just takes one good idea to be implemented and IFC has a stable long term value.

FWIW my original sums were based on a market cap of about $12.5 rising to $25m long term, and staying relatively stable against a fixed currency.

As an extra note, I set my transfer fee to be 2 IFC. You can possibly extrapolate out from there to get a value for the coin if you agree it's a fair price.

edit: re coinchoose, that happens when the block explorer is down I believe

edit 2: I don't manipulate anything, so please don't say insinuate I do, I've been 100% transparent here, I've disclosed what I bought, when, that I helped get it on to cryptsy, and now I'm just leaving it be and answering any questions I'm asked. I'll return to the coin further down the line when things pick up more, and move off-market (critical) not on market, if there are buyers. Or just make a loss, either or. Somebody needs to actually support the things with funds though, rather than just talking it up then dumping mined coins.

IFC/LTC market added at cryptsy

It was in the hands of people who'd dump it on market and for next to nothing, now it's in the hands of somebody who holds long term and manages funds for mid sized private investors around the world. Surely that's a vote of confidence.

Also, read back, this is exactly what I said (about single people with large holdings) and why I took it out of the hands of dumpers. I also sponsored the work to get it added to a decent exchange, added significant liquidity in to the market at a loss, and am organizing to get it on to a more realistic LTC market whilst it moves from weak to strong hands. I've got confidence in the currency long term, but not much in the people who mine and dump, what's the point in mining a currency you feel has no value, that just devalues it. Investment and backing increases it.

ps: you're welcome for the 3000% rise from 0.00000001 to 0.00000090 and back to stable at 0.00000030 (LTC) / 1 satoshi

yes, but may i stress that I don't move things on markets, I hold then move blocks of 100m to investors at price points, off market, so as not to move price. Unlike miners who just dump it for nothing

XRP is a utility of a network which is unique and innovative and feature full and which has millions of USD behind it. IFC is a cheap LTC fork that doesn't have much support from anybody, even the people holding, I mean even I own more than 10% of all mined IFC coins, which is sad that nobody believes in it enough to even sell at a half decent price, they throw it away at every chance.

Once they're done dumping though, it may have some legs, so I'm going long.

Thankyou, and no i don't scam anybody, hence why buying. Surely more than a few people have 100k+, I already do myself.

Looking for 100-300k PXC, pm me offers please.

IFC is the extreme version of an alt coin.

It was mined to hell and back with a huge coin count.

Nobody mining the coin had/has any faith in the coin being worth anything at all. They were desperate to sell for anything they could get, even 1 satoshi had people itching to dump the coin in it's billions, and still does.

The distribution of the coin was horrible, with several people owning 1-5% of the mined economy, the same people who feel it has zero value and who would dump it for anything they could.

Then the coin went to market, it started at 90+ satoshi on cryptsy and immediately bailed down to 3,2,1 satoshi.

The market showed it's true colours, adding on to the miners itching to dump the coin, the traders were only trading to take a profit in BTC or LTC, they quickly realised that when the bid and ask are at the lowest values possible (1 satoshi and 2 satoshi), then they make 100% profit by keeping the price at that level.

Now the miners and the traders are stuck with 40 billion worthless IFC that nobody will buy.

The only way IFC, or any alt coin, will be successful, is if 75%+ of the people involved, holding, mining, and trading, actually feel the coin has a value, otherwise it's doomed.

In short no, the ripple creators and opencoin staff are not dumping XRP for $ or BTC.

However, some early adopters are selling percentages of their stock, but then they always have been at key price points.

The big walls on the market, are from external investors who bought in between 80,000 per BTC and 25,000 per BTC, and one group of people in particular who sold out to buy back in cheaper and are now trying to keep the price lower.

I know this because I'm in contact with 95%+ of the big holders, and manage, move, or acquire their XRP for many of them off market. They are neither selling or purchasing at the minute, everybody is waiting for something to move in one direction or the other.

Primarily because XRP isn't a cryptocurrency forked from BTC or LTC (and thus as easy to integrate, many exchanges just clone the code and point it at a new deamon for X new coin). Ripple is an entirely new system which compliments all currencies, allowing them to be managed and sent within and outwith the ripple network, both directly from person to person, or via traditional orderbooks supported by various exchangers, and XRP is a utility of that network. Any exchange which supports ripple, by default supports every currency they choose to support. Further ripple allows currency backed by an issuer to be traded with the same currency backed by another issuer. e.g. it allows MtGox.USD to be traded for BTCe.USD or Bitstamp.USD - or literally any combinations of currency you can conceive.

XRP is supported by some exchanges already, and being added to more, but really ripple is a newer approach on which you could build entire exchanges, or indeed you could just create your own exchanges within ripple.

Has anybody ran cudaminer on a K20 yet, if so what was the performance like?

Thanks everyone, I've acquired as much as it looks like I can for now, glad to be holding some now!

If you want to sell a percentage of them (25-99%) now, drop me a pm.

One more zero lol - I'd be happy to acquire less if that's all that's available, but I would like to do some purchases today. I was buying at 0.00000025 (LTC) on market, but then I noticed everybody happy to sell at 0.00000005 (LTC).

Since I've stopped buying on market I notice it's slipped back down to toy figures, trades for 0.0x LTC up to 1 or 2 LTC max.

So if anybody would like to move large volumes for BTC or 2-3 figure sums of LTC, let me know.