|
I have a weird wallet issue. Downloaded the new one, it seems to sync and I got my free coins... thanks!
But I can't backup my wallet. I click it... nothing. Tried it several times, tried reloading the wallet, still nothing.
|
|
|
|
Hello,
how much will be 1 xbc in the near future? i have 13 xbc , i bouth it a few days ago for $15 each and now its $8, do you think I should buy more, please advise
You must have bought it near its high point. I won't tell anyone to buy, but if you have extra cash, sometimes it's worth averaging out your investment by buying when it's lower. 13 more now would bring it to $12ish/coin. If it goes to $24, sell half, and then your coins were free. But again, only invest what you can afford to lose. Nobody knows where prices will end up, everyone can just guess. |
|
|
|
To fund development there will be an IPO.
Each IPO investor will get a custom made landmark that they will be able to place where they choose that will show up on the map.
Further landmarks will can be purchased through an easy web form, which will be added to the map.
If going with an IPO, maybe look at doing something like XBC did with poloniex. It removes the trust problem of people getting their coins, no need for escrow ... people can just buy the coin directly and immediately at IPO prices. I'm not sure if Poloniex plans to do more of those, but it may be worth considering. |
|
|
|
is is the same story like all coins ? dead coin ?
Yes, it's been out about a week and didn't go straight up forever. Hence it must be dead. Unfortunately that means every single coin out there, using those same rules, is also dead. Oh well. |
|
|
|
|
Nice to see you are going ahead with this. The issue with how faucet owners will fund their faucets is one problem, as has been mentioned. You could have a premine set aside for this, to start with ... but that leads to other problems regarding trust.
One way to possibly fund this a little bit, outside of an ipo, is charge people for it as an app. Or go with the ad based app for free, small fee for the ad-free version. So you'd get funding, but there wlll be no guarantee of funds nor how much you will bring in. Each purchased app comes with a set amount of coin to play with, ability to set up a faucet (within reasonable areas), and any extras you want to throw in. But to do that you'd need to do a big premine.
|
|
|
|
Hehe, maybe - instead of some 16 year old doing it solo with no financial backing, this time it's proffessionals able to move a business - something that is often lacking in this community. Tie TaxCoin to gold - ensure it's value by slowly increasing it with the reserves as backing of it's value - embrace the dark market along with gambling will cause some sick profits for everybody involved in it. Guys selling dope don't want their currency going down as they need to pay their supplier for whatever it is they are selling. Same with gambling. Going around BTC and the USD by tying it to gold will ensure this and create the first real currency in cryptography.
Hopefully it works out. I'm curious if tying crypto to a commodity will work or not. I know that Air Coin tried to tie its value into some weird exchange rate/premine calculation, and that ended horribly. I realize this isn't the same thing... just wondering what happens if too many people try to 'cash out', so to speak. Also curious how the tax man in certain countries will view this... not sure if the loophole would work or not (haven't followed tax laws, as I haven't made tons of crypto). And how is this any different than coins that currently can be used to buy gold/silver? I mean, Btc, Noble and I think even XBC can be used to buy gold directly (or indirectly). And sign me up for the giveaway, please. I didn't even notice there was one until just now. |
|
|
|
Is it normal for a dev to not release the sourcecode when a wallet is released? I put the wallet in my virtual machine... so no real worries, but it'd be a pain if I have to redo the whole thing. Not sure where I put my old XP disc for starters. |
|
|
|
You'll know because it will sit there still following a fast and furious pace. Some will sit there longer than others, and some will fall a bit and sit there then fall a bit more then freefall while others like xbc will pretty much freefall right from the peak. That's when it's time to really think about selling, when it stops and just hangs there. The difference between this and lower places it has stopped and rested is this one is following a fast and furious pace covering a large price range.
Tesla had a nice pump a couple weeks ago, I caught that by total accident. This was a mini pump compared to the big ones, but I still made almost 1btc off it. If you look at the chart you will see it is just like all the others but much smaller and over a very short period of time. It was like the xbc pump on fast forward, the top happened in a flash and down she came, everyone furiously trying to sell at the same time. I recognized this was going to happen because this coin had no volume up to the pump and it was such an unlikely coin for anyone to be caring about - I bought and sold several times and never held a position for over a couple minutes. This was the most fun I've had since I started trading.
Just so you don't think for a second I'm some guru, I've lost plenty making bad choices, its a steep learning curve when you are all alone trying to figure this stuff out. I can say that my mining equip is paid for and I'm up at least a couple grand past that.
The Tesla thing was a weird one. I had some Tesla crumbs, from some giveaway ages ago, still on an exchange, which I sold. But it was such an oddball coin to pick for a pump. I'll probably need to watch some pumps a bit to get the hang of the timing. Most of my coins I don't bother with pumps at all. I just buy and hold until they go up in value. Or not.. and just take the loss. If I wanted to cash all of my coins (not just xbc, but everything) out right now to btc, I'd probably be at around 7-8 btc... no idea if that's good or not, but again, they cost me $38, and I started with this in Jan. I'd like to say it's due to my trading skills or wise decisions, but mostly it's from giveaways, luck and being too cheap for most ipos (one way to avoid scams). |
|
|
|
I'm getting much better at gauging pumps, you have be good to make my strategy work. I think of it like sex - steady climb, then it shoots up really hard and fast then it just hangs there for a bit - that's the orgasm, then it starts to fall and you need to sell as it's falling. If you miss it that's ok, because there always seems to be a dead cat bounce, similar the second time at it with sex - not as high but pretty close. With XCB I sold half my coins at 40, waited for it to fall into the teens from the 40s (I knew it was over but waited for the dead cat bounce) I tried to buy there but it came up too fast, picked some up at 24 then sold them all in the mid 30s after it briefly hit 40. I didn't play it perfectly, but for me that's about as good as it gets - maybe next time I'll really nail it.
With Cinni I bought in the mid 2ks, and bought a bunch more in the 3ks - I had 84k because I just knew it would explode due to the volume. It hit 20k and I should have dumped, but I got caught up in my own hype and I wanted to make up for missing BC. Not only did I miss the peak I also missed the dead cat bounce, and ended up dumping between 10-11k. I made 5 btc, the best payoff I've had, but could have doubled that if I hadn't thought this coin's bubble would be different than the others - another mistake I'll never make, they all follow the same pump/dump pattern.
The problem I have is never knowing when a pump is near its top. You'd think 2-4x price would be the top, but sometimes coins go up 7-10x. My fear is selling in the middle of a pump, then wanting to get back in ... but can't, because the floor has been raised at a level higher than I sold at. But I haven't done much pump/dump trading, so hopefully I get better at it. Basically I just buy a coin that looks interesting... wait a while.. if it goes up, sell some... if not, just hold. I sometimes wish I bought more junkcoins, as I'd have less qualms about selling them. There is always the fear in the back of my mind that whatever I am selling (if it's a halfway decent coin) might shoot up 100x in the future. |
|
|
|
My absolute biggest problem is selling cheap, and it all comes down to the worthlessness I feel the coin has. I made an absolute mess of BC. Bought at 2500, sold at 3500, stubbornly refused to buy back in unless it crashed to below my sell of 3500 until - get this - 35000. That's when in unbelivable amazement I gave in and said this thing just isn't stopping. That night it was at 95k, but this time I wasn't going to make the same mistake and dump this great coin - next morning it was in the teens. I didn't end up losing anything because I waited until it got back to 35k and dumped it to come out even.
What a pisser. The truth is, though, that a ton of people lost a crap load on that pump. Panic buying up top, waking up and panic selling at the bottom. What happened there was a few made literally millions off many. Anyway, I've decided flipping a coin is about as valid as researching to decide which coin will moon next, so the only thing I can really do is watch for pumps and try to ride them for awhile.
BC baffles me. I never bought any, so I missed the entire pump thing completely. But of all the coins to shoot up, I would have never picked BC. It's one of the reasons why I don't dismiss a coin skyrocketing (like xbc), even though logic may dictate there is no reason for it to. I'm bad at picking where pumps end, and dumps begin. I think I'll try to go with the idea of being somewhat greedy... just not too greedy. And also not selling off at the first sign of profit. That's one reason why I said selling xbc now probably doesn't make sense, as it's the dump right after a pump. It's assuming the coin is going to die (after being out like a week), which probably doesn't make much sense. And yeah, it can sink to zero, as could any coin. We are just guessing what will happen. |
|
|
|
I do have that feeling a lot. To think a piece of computer code is worth $450 is hard to get my head around. So is valuing one coin with a market cap of 9 million and another with a market cap of $90k, with the only real difference I see being the name. Throw in all the whale manipulations - getting people to panic buy then panic sell and the unbelievable unpredictability of it all and it's pretty damn hard to make a buck. Sounds like you are doing very well.
I sat there and watched the ipo run out, I could have bought at .001 as people in the trollbox were going nuts. I had no idea what xbc was, never looked at it twice - but something inside me told me to buy it - I just didn't act on it. My bad for not doing more research I guess, but I'm not getting down on myself about it. It could just as easily went down as up for all the information I knew about it.
The way I view it is... yeah, it's crazy. There are pumps/dumps for all coins, whale manipulations, shady devs, shady exchanges, unequal distributions, etc. In many cases, coins are simply clones with different names, no unique features ... but some can be worth a fortune, some close to nothing. I guess I simply think -- it's nuts, but so is bitcoin. If bitcoin can get up to $1200, all bets are off. I wish I paid attention to the ipo. I first noticed it the night before it sold out, had no idea what it was, and I knew nothing about it. It didn't help that I was very btc poor at the time, as I spent most of my spare btc on darkcoin before it shot up (probably should have sold some during last pump, but that is a different issue). I only had crumbs lying about if I wanted to do the ipo, hence why I only got 50 coins to start with. Yeah, I should have sold some stuff and got more coins. And it bugs me... but if we all knew what prices would do, we'd all be rich. I have a different problem with that inner voice/hunch thing... it always tells me not to buy things. I think my brain is a miser. |
|
|
|
|
I could have sworn there was already a crypto that supposedly was tied into the value of gold, and allowed people to even cash out for gold. No idea if it got off the ground, was a scam, or not even released yet.
I'd think the coin's name would be gold related, or commodities related, instead of 'taxcoin', in my opinion. My first thought was that this is a crypto meant to be used for paying taxes in some oddball country, or something.
Then again, I thought maidsafe sounded like it should be a crypto for a housecleaning service. Maybe names don't matter as much as I think.
|
|
|
|
I do admit I focus too much on the fact that all of these coins have the same inherent value - zero. I've lost out on a lot of profit underestimating it.
If you think too much about it, you begin to think every coin is worthless and everyone is crazy here for investing anything. But the same can be said of many physical commodities too. I started in crypto a couple of months ago with a mighty investment of $38. I don't mine, so no power costs... $38 and time is all I have invested. I view it as a game. I can't really lose, although I may not profit as much as possible. |
|
|
|
Im sure a lot of them sold when they could at 5000+ prices when they saw their investment go down the drain. I didn't take part in the IPO because personally I thought the dev was maybe living in another reality for thinking he's going to airdrop QBC every 2 years for the next 10 years. I mined for teh first few days and sold almost instantly at average prices of 50k sats  So ya... made a nice profit there. I also think the prices would go down still further maybe to the 100's level because I doubt that its going to hit a better exchange judging from the dev's activity here. I mean if I was the dev, and if im not active here (for whatever reason), I can pretty confidently say that I am not really active on getting on other exchanges either. The timeframe issue was one of my main concerns with the coin. Yet I thought there would be enough interest to keep it at a decent price, at least to start with. I only did a crumb amount for the ipo, so it didn't really matter anyway ... but 25K+ prices were available early on, to cover the cost + more, for smaller ipo people. For those who got a btc or more, I am not sure if there was enough volume to cover them. I'm not quite as pessimistic as you. The price is currently at 2700-4300, so it's still salvageable. |
|
|
|
Suit yourself. Knowing crypto you might end up taking a loss if you wait long enough, and there isn't anything special enough about xbc to justify your expectations. Good luck.
Well, considering my buy in point, it would seem extremely unlikely that I will take a loss, unless the coin somehow goes down back to around ipo levels. Actually I don't think I can even take a loss, when I think about it, as I did sell some/buy back in, early on, covering around my buy in amount. It is possible I will take less profit than optimal, however. We shall see. The same could be said when the coin was .0027, rather than currently .027. Again, mostly curious what longterm whales think. Or at least those who claim they are longterm holders. Everyone has a selling point. |
|
|
|
You should have followed the pump yesterday and dumped them in the 3s someplace, my opinion. I saw what was happening and turned .5 btc into 1.2 btc after buying at .016.
You have to understand how many are sitting on such a huge profit, until these coins change hands it's not going to entertain .1 or anything near it. If I was in your shoes right now I'd watch it for awhile and dump 3/4 of them slowly as high as you can today, keep the other 1/4 just in case and keep my eye open for buying some back in dips.
Not that I'm some guru or anything, but if I'm you there's no way in hell I'm not taking some profit now - a bird in hand is worth 2 in the bush.
Eh, I'm not selling at current prices. If I bought in at a higher price and wanted to flip for a quick profit, yep. But it's not like I need the extra btc right now, so I can wait. Right now is a dip right off of a pump... where those who sold at the high end of the pump are scooping up cheaper coins. As for .1 ... not so sure if it'll take that long. I wouldn't be that surprised to see .05+ in the somewhat near future. Then again, I'm not really a pump and dump sort of person, so who knows. |
|
|
|
Wake up people.... the wallet could be anything. The source hasn't been uploaded!!
I put most of my new coin wallets in a virtual machine. And then if any of the coins hit any real value, I move them out to somewhere else. So I guess if any wallet is sneaky and tries to steal anything from me, they aren't getting a whole lot. But yeah, I wouldn't put the wallet on your main machine just yet, especially if it's full of other wallets/important info. |
|
|
|
What is happening at the moment is some are cashing out big profits and whales are trying to put in fake sell orders to keep the price down so all is good. It's great for the coin to change hands anyway. I am holding for the long term.
I sort of hope the price remains where it is now for a little while. It's a bit more peaceful to build slowly than jump like it has been. I'm not sure if whales are cashing out for big profits necessarily, but instead selling high/buying low... and ending up with even more coins. But at some point whales will begin simply selling some coin, taking all profit. I'm just a regular xbc fish with about 125 coins, but I've wondered at what point should I cash out some. What price did you buy at? My take is if you didn't buy below .01 stay out for now. There are just too many .001 coins out there waiting to be dumped. I haven't figured out my exact buy-in price ... think it probably averages out to around .0025ish. I bought 50 coins at ipo prices (kicking myself for not getting more) ... then bought some more before it hit .005. I tried my hand at the 'sell high/buy low' game, with some of my extra coins I keep on the exchange. It felt way too stressful for a net gain of an extra .5 xbc. I think I'm not really cut out for that type of trading. I kept worrying I lost my extra coins for less than I wanted, to gain very little extra. I figure most of the sell-offs will come if the coin reaches close to .1. But some whales may hold a lot of their coins still, hoping for btc parity or more. It sounds weird to say this, but it doesn't take an insane market cap to reach those levels -- however unlikely, it could be possible at some point. |
|
|
|
|
I Pmed the dev and he updated my application to the 200K level. Thanks gain.
So those who applied early may wish to contact him. Unless he prefers reapplying on facebook... not sure if that will confuse matters, or be easier.
|
|
|
|
You know.... with the suddenly "less active" dev and the missing maple syrups, does anyone get an Asiacoin vibe around here? You know like that deadly 12 hours before the shit hit the fan and the background score started with everyone running to the exchanges?
I'm going to give the dev the benefit of the doubt at this point, but let's just say the vibe isn't quite as promising as it was pre-release. I honestly don't get it, to be honest, as all it would take is a post or two a day by the dev to put people at ease. Perhaps something is going on in his life where he's really busy and doesn't have time to post... don't know. But whatever it is, it doesn't make much sense. Even if people assume the worst, it'd still make sense for the dev to be more active here -- he is still sitting on the premine after all. I am curious, how many ipo people still are holding their coins? I only invested a small crumb during the ipo, sold around half my coins somewhat early-ish to put me in profit regardless, bought back what I sold at these super cheap prices.... still in profit even if the coin goes to zero. It's a meaningless, crumbs off of crumbs profit, but I'm not usually an ipo person and had some qualms about where the price could go due to less hype about the coin. Or I look at it like I got my small amount of coins for free. Guess I'm wondering if other ipo people did the same, or have held all their coins this entire time. |
|
|
|
|
Show Posts
