Silk Coin is 74% Mined out on the 2nd PoW so far... We are on block 57,400. Estimating a finish of PoW by Saturday...
The max coins to be generated until finish PoW would be 2600 (remaining blocks) x 2500 (block size) = 6,500,000...
However since it is a hybrid PoW / PoS the coins are a lot less for PoS blocks. So I am estimating that only 3,250,000 coins are left to be generated.
If half of those are kept by miners... that leaves 1,625,000 coins left to be posted to exchanges...
Bittrex currently has 18 btc buy support while Poliniex has 57 btc buy support...
There will be a concerted effort by people who want to increase their stake to lower the price and steal your coins. HOLD... If you try to sell and rebuy you will probably lose. If you hold you will almost certainly enjoy the rise of Silk to one of the top coins in crypto. The wallet innovations have just begun. The devs are working on updates and a white paper is forthcoming.
There is no reason why Silk can be sitting at 10 - 25k satoshi in a couple weeks.
Judge Crypto
Good analysis Judge. As I said before, price has risen during this PoW stage and just shows how much demand there is for Silk. I'm predicting MP add on Monday. MYC is #1 but look at the charts/volume on that coin and there's no way MP will add it. For the last few days to a week MP has been suffering low volume across the board. They need some new coins so they can get more fees. And to top it off, im surprised how stable the price has been despite entering the POW phase, it just shows you how much demand there is for the coin. Im glad i did not sell mine thinking there was going to be a dump, i could have made a small gain, but it was not worth the risk. |
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CLOAK is taking over anyways. Dump DRK and buy CLOAK. DRK is a huge scam anyways why would want to hold any of that scamcoin.
 Or buy SC, NXT, NEM and XC  |
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@Chaeplin The XC thread is furious you are referred to as President Chaepin.  I am helping XC to protect their privacy. XC is going to be very successful in the coming weeks, competent dev who knows what needs to be done, with a solution that works, fair node system, only 550 XC required to run one. I sold all my DRK before prices crashed and i bought XC on its all time low when all the FUDsters from DRK trolled the XC thread, now ive doubled my money! Way to go XC team, and thanks to the DRK community for making all this possible! |
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NEM is on the asset exchange.
UtopianFuture stepped down after it was discovered he padded fake popularity back in January (he later removed the accounts from the stakeholder list after the coin became popular), before the core developer team and when there were thousands of stakeholders.
The price of NEM is still within its' normal range, indicating that current stakeholders are not phased by this development.
Now if you told me UtopianFuture was Hitler's Grandson or that he actually stole money or was busted with real stake accounts, then yes everyone would be dumping (including me).
Yes the price of NEM has only dropped by about 3K of NXT, so hasnt done much damage, it will quickly blow over i feel. Its not like whales cant buy tons of NEM stake on the AE anyway! |
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I cant believe the amount of idiots here! I warned in a post at the start of this thread that its a scam coin that is a rip off silk coin, and yet people still bought into it! And now people are complaining!? Does anyone seriously think Visa would issue a card for this?  ? ROTFL! Should have bought silkcoin instead! |
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Not spreading fud, just asking a serious question: What is this neutrino coin thing? Comes up out of nowhere and also promises some kind of anonimity. DRK better than them? Do we have tor? Looks like they mean serious business, almost too 10 on coinmarketcap already.
On $2900 of volume.... on 210m coins If the TOR integration that they claim is fully functional then they could be the next big thing. Looks a damn good coin with competent devs, wish i checked this coin out earlier. |
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Everyone take a look at SC right now...  +1 Ive made a packet from it, and it hasnt even got started yet! they will reach 10c by the end of the month and will easily hit $1 |
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Silkcoin has alot of development going on, would make a good return, but in the long term, NXT and possibly NEM have alot to offer.
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Nice price increase for XC, glad i bought at this low. |
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I tend to agree, i feel this was the reason, although alot here disagree. |
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Seems like there's still roughly 600 Nemstakes available to be claimed, with the first 400 going to 3 kinds of people - NEM enthusiasts, NEM whales and NEM early dumpers.
I'm guessing not everyone follows this thread or the development of NEM on a daily basis, there's still probably a large amount of people who are on the stakeholders list and don't know about the NXT AE or have yet to claim them, but that's pure speculation on my part.
Are there any statistics available on the amount claimed vs. the amount sold on the NXT AE? I would like to know how many people claimed a NEMstake just to hold. The higher the number the better in my opinion.
The early dumpers are a good thing as it gets rid of people who aren't that interested in the development of NEM and just want to cash out, but several accounts holding more than 2 NEMstakes doesn't bode well for the NEM either.
The distribution model is one of the better things NEM has going for it. I'm wondering if the NXT AE has ruined that to a certain extent. If it turns out that only a dozen or so guys are holding 10 plus stakes than this discourages new members joining this community. That's not what anyone wants to see as far as the long term success of this coin is concerned.
Thoughts from anyone more informed than me would be greatly appreciated. Thanks.
I think the NXT exchange was a good idea for latecomers, but i didnt like how the prices were pumped up so high, i also have read that some people were able to claim NEM stakes for only 40 NXT before being listed on the AE. It was my fault for buying into the FUD about NEM and was advised by many that i paid too much for it at 15K, so i sold it thinking it was going to drop in value. Now im going to have trouble buying one, i should have kept it. I only want to know if the NXT AE has increased the number of NEMstake holders (even only owning 0.1 Nemstake) or decreased the number of NEMstake holders (i.e. less than the 400 issued thus far). I'm not interested in what it's currently selling for as the market will always dictate the price. In any case I don't understand how a few posts on the NXT board could influence you to sell your stake at a lower price than you bought it at. I'm afraid that decision was all your own doing no one else's. I lost my first BTC to day trading last year, but learnt a lot as a result of those mistakes. I didn't blame anyone or even become disenchanted from crypto currency. It just made me more informed too look out for more interesting projects with an eye on the long term as opposed to just trying to make a quick buck. Today's price of NEM isn't even that important in my opinion, it's the level of participation and enthusiasm from the community that's of far greater interest to me personally. I'm not selling any NEMstake, but I would encourage you to do more research and buy back in if you feel encouraged about what your read about NEM dev team and the amount of effort that is going into it. Really smart, transparent devs are hard to find in the crypto world. Yes i do think its a good model, we will have to wait and see how it goes. Alot of people were saying not to pay anymore than 3-5K for a NEM stake and gave a few calculations, it was partly my fault, i saw the prices dropping and thought that those comments were accurate, but i wasnt thinking about the high price of NXT at the time. On the other side of the argument, i would like to know what benefits we will see with NEM that NXT cant offer? Distribution seems to be the main thing, but correct me if im wrong. |
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Interestingly its price has now risen again!
Will be interesting to see what its like in the morning
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Seems like there's still roughly 600 Nemstakes available to be claimed, with the first 400 going to 3 kinds of people - NEM enthusiasts, NEM whales and NEM early dumpers.
I'm guessing not everyone follows this thread or the development of NEM on a daily basis, there's still probably a large amount of people who are on the stakeholders list and don't know about the NXT AE or have yet to claim them, but that's pure speculation on my part.
Are there any statistics available on the amount claimed vs. the amount sold on the NXT AE? I would like to know how many people claimed a NEMstake just to hold. The higher the number the better in my opinion.
The early dumpers are a good thing as it gets rid of people who aren't that interested in the development of NEM and just want to cash out, but several accounts holding more than 2 NEMstakes doesn't bode well for the NEM either.
The distribution model is one of the better things NEM has going for it. I'm wondering if the NXT AE has ruined that to a certain extent. If it turns out that only a dozen or so guys are holding 10 plus stakes than this discourages new members joining this community. That's not what anyone wants to see as far as the long term success of this coin is concerned.
Thoughts from anyone more informed than me would be greatly appreciated. Thanks.
I think the NXT exchange was a good idea for latecomers, but i didnt like how the prices were pumped up so high, i also have read that some people were able to claim NEM stakes for only 40 NXT before being listed on the AE. It was my fault for buying into the FUD about NEM and was advised by many that i paid too much for it at 15K, so i sold it thinking it was going to drop in value. Now im going to have trouble buying one, i should have kept it. |
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It's been stated by several people, the coin will likely drop in value as the multipools start dumping.
I will personally wait a bit and hopefully buy up a bunch at lower price point to add to the bunch I already have.
It's a risk, but I think the hash will just be too high to justify renting.
Just my 2 sats.
i wish i sold all mine yesterday and then i would have tons of cash to reinvest, but i guess it will go down more so perhaps its not a bad idea? what happened to the price?? not good. I expect it to go down further, probably will reach 1 cent or lower possibly before POW finishes, then it will be a sharp rise back. |
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It's been stated by several people, the coin will likely drop in value as the multipools start dumping.
I will personally wait a bit and hopefully buy up a bunch at lower price point to add to the bunch I already have.
It's a risk, but I think the hash will just be too high to justify renting.
Just my 2 sats.
i wish i sold all mine yesterday and then i would have tons of cash to reinvest, but i guess it will go down more so perhaps its not a bad idea? |
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How miuch more expensive is the NEM on the asset exchange compared to when it was originally released?
About 100x more than when the stakes were distributed, and there is no even public alpha client, crazy! I mean what are people thinking?  I feel like a complete idiot right now, i bought a stake last week at 15K of NXT, After reading posts here and on the NXT forum, alot of people were saying they were overpriced, and that 3-5K is the more realistic value. Around this time i saw there was a dip on the AE, and they were only selling for 13K, but i was forgetting this was because NXT was 10c each, and i sold them thinking i would loose out. Now i see they are trading at over 22K! I really want to buy another NEM stake, but are all these claims correct about them being worth 100,000 NXT when alpha launches? If NXT jumps back to 10c or more, they would have to be worth $10,000! Yes that is frustrating, But you learned from it and all you have to do is buy another stake or two, and in the end you will make that money back plus much much more!! I hope so, but im not going to buy back until NXT gets higher, it looks like its on its way back up again |
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I want to set up my Xnode today, have any new instructions been posted yet?
Do you earn more XC if you hold more in the wallet, or will 900 XC still give you the same amount as 550 XC?
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How miuch more expensive is the NEM on the asset exchange compared to when it was originally released?
About 100x more than when the stakes were distributed, and there is no even public alpha client, crazy! I mean what are people thinking? I feel like a complete idiot right now, i bought a stake last week at 15K of NXT, After reading posts here and on the NXT forum, alot of people were saying they were overpriced, and that 3-5K is the more realistic value. Around this time i saw there was a dip on the AE, and they were only selling for 13K, but i was forgetting this was because NXT was 10c each, and i sold them thinking i would loose out. Now i see they are trading at over 22K! I really want to buy another NEM stake, but are all these claims correct about them being worth 100,000 NXT when alpha launches? If NXT jumps back to 10c or more, they would have to be worth $10,000! That's why you don't day trade. It's highly likely an NEM stake could be worth anywhere from $10,000 to $30,000 a year from now. All it needs to do is reside among the top 5 market caps. Keep that thought in mind, don't worry about what it might be worth next week. Yes i agree, the problem is im new to trading and make foolish, impulse decisions because from what i see on the charts and read here. The best thing i can do is stay away from the computer! |
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Has Kimoto made any announcement yet?
I thought it was going to be the end of last week?
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