@Armis,
I don't have to justify the price, that's the job of the market. I'm buying even at these levels because my research has shown me iXcoin is a much better coin than much more expensive coins.
The OP and I listed a number of unique attributes why iXcoin deserves a much higher price.
The fact some guy is selling 1 whopping iXcoin on ebay means nothing. I don't understand why that's even brought up. Every ShitCoin is for sale on eBay and every single one is way overpriced. It means nothing. It only means there's a lot of stupid people in this world looking to give their money away.
Finally, I'm not trying to pump this coin, I never have been. I simply have a problem keeping quiet if I believe something is right and nobody sees it.
So I'm not trying to justify anything about iXcoin, I just don't like hearing lies and misinformation. That's the only reason I jumped in.
Cause if I'm right, eventually Wall Street will see what I've been saying; this has been my prediction since day one and the biggest reason I bought 3% of iXcoin. So I'm not counting on some lame pump and dump where innocent people are burned and robbed to make money, I'm going to simply wait to see if I'm right and if I'm not then I'm gonna have to admit it and maybe take a loss.
But so far everything has happened exactly how I predicted last year when things were nothing like they are today and so I have no reason to believe that the rest of my predictions won't come true as well.
So I try to put what I see as the truth out there and to those that see what I'm seeing they will buy and to those that think I'm crazy, they'll continue mocking and lying which only makes me go out and buy more, because a good investor doesn't invest in an asset cause it's popular or approved, but because he has done his research and tested his theories and fully believes he has found a greatly undervalued asset which is what I feel iXcoin is - for reasons stated in this small thread and plastered all over the main iXcoin thread and many of my other threads.
Like I've said before, do your due diligence, diversify and follow your convictions. Good luck!
Vlad2Vlad, When someone, some people, or an industry looks to you for leadership, step-up. If you put yourself out there as a leaders, an expert, or someone who wishes to influence the market in favor of a particular CC position, which is evidently the goal of this thread, step-up. To say "I don't have to justify the price, that's the job of the market" is dead wrong however it addresses a question not asked. I asked you what you felt was the value of IXC now and to justify that value in current terms. Weather you like it or not the market for IXC is in every venue public or private that the position can be traded. Including but not limited to exchanges, Ebay, and P2P deal in a forum like this or localbitcoin. Notwithstanding, here's why you are otherwise obligated to justify not only your value (which was the softball question), but also the OVERALL market value for the position. Because you are the IXC expert. You also put yourself out as a leader in the CC field, it is therefore incumbent on you to engage the pertinent matters in a responsible way. If you fail to step-up, if you willing choose to shirk your implied responsibility, that damages your credibility in the CC community. It's not like someone is asking you about a position you claim no knowledge of, it's not like someone is grilling you on stocks and bonds in a cryptocurrency forum, they -- I am asking you about something you, above perhaps ALL others should know more about. The exchanges don't know what you know about IXC, the CC market pros don't either, which is precisely why you have represented the position before them in order to influence the market to warm to it, You say 'don't look at the past, it's unnecessary' but you bring up the parts of the past that you feel are good for your argument, You say don't look at ebay, implying that it isn't a valid market indicator, however it apparently represents sales of ALL of the position's highest values. You appear to take on every opposing position as an opportunity to fight instead of an opportunity to enlighten, persuade, and positively motivate people towards IXC. Personally, I don't see the value in lambasting, brow-beating, or otherwise disrespecting CC community folk in the exact same thread where you are trying to warm the community at large on a position. Now if you are trying to negatively impact IXC it makes more sense. You will find that the truth is not only in what you know, but also in what you do, how you react, what you say and don't say. |
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@Armis,
Some very good questions and still propagating some lies and misconceptions but I can't tell you're not doing it intentionally so I will take the time to clarify.
First...
Coma state? iXcoin has been ignored but it has not been in any coma-like state, ever. It has tracked Bitcoin price-wise since inception (iXcoin is the only alt which can claim this in the long term), it has had [and still has] one of the highest, most secure and consistent network hash rates in the world and it has never forked or died.
These are the key metrics which tell you a coin is alive and well and iXcoin has excelled in all of them, yet it is still ignored.
Most coins alive more than 6 months cannot make any of these claims, and most fork or die within days of launch, and that's what time tested means. All new technology needs to be time tested before you know what it's capable of and iXcoin stands alone in this accomplished feat. It is very relevant unlike the wavering opinions and perceptions of people, which is what tested means to the other 99% of the alts.
Why are you talking about us presenting a premine, as if it's new and relevant, when that was 3 years ago and everyone in the world new about it on day one when the coin was launched? It was a very small premine, half of which was used to pay bounties and the remainder was sold long ago to investors on the open market. Why is this simple concept so difficult for so many to grasp?
The premine was small and the premine is all gone. Gone, non-factor, non-event, since iXcoin is now developed by all new devs and relaunched like a new coin, maintaining just the name and the time tested, proven technology.
We, the new devs, are paying out of pocket, real money, to develop iXcoin and you people keep ranting about some 3 year old small premine as if it means anything.
Nobody said this coin is worth $10 right now. Some troll poster was saying something about that but no dev and not the OP ever said that. The OP and I clearly said that we believe current development will soon take iXcoin to $10 (and beyond) from today's $.10 price. That is sheer opinion and speculation.
The current price of iXcoin is no secret, it's traded on Vircurex and on Cryptsy and can be looked at anytime just as easily as iXcoin's coins can be purchased on the same exchanges.
iXcoin is the only true and exact copy of Bitcoin (Bitcoin's only Twin) so, like Bitcoin, it has a hard cap of 21 million coins. The only difference is that IXC's protocol was set to mature faster than BTC, a lot faster. Out of the 21 million coins that will ever exist, approximately 80% (18 Million) have already been mined, and the remaining 3 million will all be mined by mid 2015, as opposed to 2033 for BTC, giving IXC a clear liquidity advantage over Bitcoin's existing protocol.
So there are now 18 million iXcoin out there available to be bought and sold. But since iXcoin is the most evenly distributed coin in the world, with over 100,000 iXcoin holders, you will not find many coins for sale as there are not the usual 2 dozen whales sitting on millions of free coins, waiting to dump on you.
I challenge you to find just 2 BTC worth of iXcoins in an hour, you will not find them unless you're willing to double the market price. That is what true and fair distribution of an alt coins is and that is yet one more advantage iXcoin has over all crypto coins, Bitcoin included.
Please do you own due diligence and invest accordingly. Good luck!
This IS my due diligence, I'm asking questions of someone who knows the answers to my questions, you are intimately connected to the product, and actually responsible for part of it's life it makes perfect sense in every reasonable way to address you. The reason why the community rehashed matters that were 3 years old is because the op reintroduced the product based on exactly that, he went back to the beginning. As for the $10 price I see it on ebay for $10 (the link was posted above), I see the same seller sold many of the same item years ago when it was listed at $.99 and btc listed at $10. When you are in a public forum and don't know everyone that you are communicating with much less reading the material, it's wise to not assume everyone is an enemy or wants to fight you. You indicated some 3yr old info about ixc's connection to btc, it appears to be functionally irrelevant because it has not done anything meaningful for the coin, it's clear to me the holders of the position thought that the connection would at least drag ixc to some higher numbers which is perhaps why it appeared lifeless. Since you don't want to bring up the past, and prefer to only focus on the now, fine, without bringing up any of the already known info, what makes the coin relevant now and how do you justify your price (not necessarily the exchange rates or the ebay listing price) whatever it may be? |
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Beautiful write-up, man. Made chuckle at times.
Very nice.
Just for the record. IXC today is .00013200 on Vircurex which is showing as $.10 with BTC around $700.
funny aren't you the official evangelist of IXcoin ? anyone on Cryptsy chat way back should recall your long winded speels rivaling this guys saying the same exact thing. soooooooo many times it was a Crypty meme with Ixcoin + Vlad ahahha actually last time i talked to about that on chat while you were spreading thick ixcoin propaganda i told everyone in chat you had spent 63 btc on it right before the big BTC boost in price and you flipped out and raged on me and i said well jeez man am i lying ? and you said no and went on to attack me personally for while.. (a pattern when joining with your buddy Spots on numerous occasions in the past) so uhhh what are you saying to this guy ? wtf ? New guys, be aware many of these guys have a long track record with a colorful history (they don't want you to know about) edit: This guy registered late to this forum etc and on his first day made a clone coin (that failed miserably) His coin was wrapped up in so much drama it had spanned 100's of pages of pure arguing and walls of text staff had moved it to off-topic for a couple months LOL and there is more much more.. i have all kinds of interesting stories on guys around here  hahahahaaaa love it when CC history is brought to fore by the pioneers thaks |
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Hi I'm looking for two people for Cryptocurrency Giveaway project. www.CRYPTOCURRENCYGIVEAWAYS.com - will be a site providing a variety of cryptocurrency giveaways from very many different cryptocurrency developers seeking exposure for their respective coins. Most of the giveaways will be hosted right on the site, some will be offsite this will be a 3 person partnership 1) I will contribute the domain name (CryptoCurrencyGiveaways.com), hosting, and the advertisers, 2) the web developer will contribute a dynamic website, and 3) the content person will keep the web developer stocked with lots of content. Revenue will eventually come from advertising, and CC tips, all revenue is split 3 ways unless all partners decide otherwise. I have many other CC projects, each will need partners: web development, and content specialist |
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ixc has been dead and occasionally resurrected by big holders attempting to sell big chunk so many times
Your ignorance is showing.iXcoin has NEVER been resurrected by any big holders and it has NEVER had a pump and dump. Not once! iXcoin has simply positively tracked Bitcoin since genesis - another feat no coin has ever done. Yet you say it's happened (pump and dumped) so many times. You can't be this clueless about alt coins. Please, show us just one time out of those "so many times". Lol. iXcoin has NEVER died (which is another lie) and it has sat with the same client for 2.5 years? Do you understand what that means? It means in nearly 3 years it has never, NOT ONCE, forked, and especially NOT died the way you say. Throw Tera hash of power again and again at any coin which you deem "the best" and watch that ShitCoin buckle, fork and die. Every other coin out there, besides iXcoin and Bitcoin, would be forked and dead if it were left unattended with no updates and no dev to fix it for nearly 3 years. In other words, no other coin besides iXcoin has ever been time tested and PASSED.I'll be waiting for you to present the evidence to your lies.
Thank you!Time doesn't test things like that, people though experiences do. From what you have said, the coin experienced a coma-like state for nearly 3 years. Look, the op has claimed the CC to be safe and profitable, yet there is no track records provided to appreciate those assertions past the words on the screen. I see a claim that it is valued at $.10 and another claim that it is worth $10, however no meaningful evidence that would allow any reasonable person to arrive at any sound conclusion about the CCs value. The 3 year ongoing symbiotic relationship with btc complicates matters more for me because over that time I see btcs enormous performance, yet for that same time ixc has barely taken a breath. Personally, I don't care how much was premined, IMO it's your coin you do what please you, but my position is far from the norm and you know how much the CC community hates premined positions so why not put that on the table at the same time as the cool fluff and slick hype? You know what is expected, you know the comments that normally follow such announcements, so why not incorporate all of it into your presentation? Here are my questions: How much of the 21M have been mined to date, how much is available for sale, how can one buy the coin, and how did you arrive at your present sale price? |
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Everyone should weigh in because this isn't simply about bitcoin in NY State, its precedence for cryptocurrency of all sorts for NY, and it will be viewed by other states as a guide, and as other states adopt or reject it it will create an international impression.
Personally I favor self-regulation for btc and the whole CC industry. I feel that after the CC industry has provided a road map and design for self-regulation, then the govts on all levels could weigh in appropriately. The Bitcoin Foundation really dropped the ball on this one, but its not too late for many other states, the country, and other countries.
NY is only demanding a license, but with any govt intervention goes rules, regulations, and fees, followed by fines and punishments.
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there is no fake money it's all gay (now for a music video)
sorry there's none. now you have to look up Roni Size - Brown Paper Bag by yourself. on YouTube
thanks for that, it was a joy to watch and learn from: StevenS on February 12, 2014, 09:45:49 PM
But then, I could be completely wrong if the counterfeit detection has advanced to the point that it's as good as a human. The counterfeit detection technology is far better than human detection, however do you want to pay for that level of detection. There are many different detection levels, from the very bottom, "the pen" to the very top 'CAT scan for money' (see vid above). |
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Good News/ Bad News: "Benjamin Lawsky, New York's financial services superintendent, said he will issue "BitLicenses" to companies dealing with bitcoins. That would mark the most significant step thus far in the United States to regulate the digital currency" http://money.cnn.com/2014/02/12/technology/bitcoin-regulation/index.htmlon it's face this may look like good news, having the govt formally recognizing cryptocurrency in a significant enough way to codify it, but I see it as simply the first step to massive intervention, manipulation, and taxation (ie: Singapore) How do you see it? |
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just look at it with inflows and outflows... that late fall runup was a perfect storm of China, SR going down & Coinbase allowing 10BTC instant payments.. and the climate still had USD $$$ flows into BTCe & Gox pretty easily
then what happened?? China got prudish.. Coinbase crimped instants by 90%.. AML/KYC enforced everywhere which slammed the door on BTCe & Gox while lots of merchants cropped up to take your bitcoins (Overstock/TigerDirect)
Anyone who thinks this has not been the driving factor of price is on the wrong side of the trade
Until there are 10x more Coinbases to bring back that level of instant inflow plus more exchanges that can take USD $$ without too much hassle then you can get $1000 again
I am not even sure Wall Street can prop up the price until the instant flows are back to last fall levels
Great post. One of those rare times when I feel I actually learned something from someone on here. You realize comparing Coinbase to MtGox is like comparing Porsche to GM, Porsche is a wonderful company but they can't impact the auto market like GM; likewise Coinbase cannot impact the CC market like any of the top 6 CC exchanges. http://www.cryptocoincharts.info/v2/markets/info |
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wow, that's truly a conservative perspective for anyone looking at a cryptocurrency (CC) of any type
Btc just made 5yrs old some days ago, and it wasn't until about April or May of 2013 that any level of "legitimacy" was truly enjoyed by the CCs, so I really congratulate you on having a year+ perspective; but I assure you that that is well beyond reasonable expectations for anyone getting into such a highly dangerous, extremely young, and massively volatile market in 2014.
Then they shouldn't be in bitcoin to begin with. I bought in during May 2013 when it was still bouncing around from the April spike, it spent the next 2 or 3 months below my buy price. I expected it, just as I expected to lose what I put in. It's all about framing your expectations going in, and having a solid understanding of where the true value lies in crypto currencies, so you don't get rattled. Ok, given your btc experience what was BTCs "true value" in Jan '14, what is it's true value today, and what do you expect it to be a year after you purchased it in May of 2014? That will tell me what type of expectations you have for btc, and how your expectations square with the actual performance of the CC. |
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If ATM took that technology alone, people who bleach 1 USD notes to reprint with 100 USD image would milk that ATM dry, all of the notes would pass the detector pen test because all of the PAPER is real, but the image wasn't. |
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I was thinking, if someone runs a bitcoin ATM and it's not Robocoin (Which is the only one that does user verification) don't they risk of becoming the perfect place for people to launder counterfeited money?
I suppose the note taking mechanism can't recognize them. Especially since most seem to be programmable to work with any currency...
So how do we solve that?
Camera at the spot won't really stop the determined ones.
Is it possible to 'launder counterfeit money'? Sure if you can find a way to swap it for legit money without them noticing. somehow I think they have a different term for that, all I could think of is "passing" counterfeit money, but I'm pretty sure the word 'laundering' is for a wholly different context. IMO, laundering is the act of taking real money that is gotten though illegal means and incorporating it into legal enterprise thereby 'cleaning the dirty money'. I don't think you can launder counterfeit money because no matter what you do with the money it will still be counterfeit. |
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A pure chartist will tell you that based on the charts the true high value of btc is about $400, and that anything above that is ridiculous speculation. But if you look at all of the negative ancillary forces pressuring the CC, IMO it's true value is about $1000 and anything under that is a bargain.
Btc's biggest harm is being caused internally by hacker, scammers, bad cus svc, and lack of self-regulation. I think if you remove the hype, defamation, and increase market security the value will see $1200 again this year. But since the world loves it's scary, wild, and crazy rides my bet is hype and defamation will be the rule resulting in your $500 to $1400 cycles.
just look at it with inflows and outflows... that late fall runup was a perfect storm of China, SR going down & Coinbase allowing 10BTC instant payments.. and the climate still had USD $$$ flows into BTCe & Gox pretty easily then what happened?? China got prudish.. Coinbase crimped instants by 90%.. AML/KYC enforced everywhere which slammed the door on BTCe & Gox while lots of merchants cropped up to take your bitcoins (Overstock/TigerDirect) Anyone who thinks this has not been the driving factor of price is on the wrong side of the trade Until there are 10x more Coinbases to bring back that level of instant inflow plus more exchanges that can take USD $$ without too much hassle then you can get $1000 again I am not even sure Wall Street can prop up the price until the instant flows are back to last fall levels I appreciate that Notwithstanding, Coinbase is not a large enough player in the cryptocurrency economy to move the CC market in a meaningful way, like a Mt Gox, Bitstamp, BTC-e, or the like can. Coinbase certainly could have grown mega large but they clearly deliberately decided to stay clear of the trouble that went with the power position. Look at campbx the market killed them, they too could have stayed in, cleaned up their act, and grow magnificently but they decided it wasn't worth the trouble. Mt Gox is getting hit from every angle: hackers, customers, and govt, the ONLY things keeping them in it is the massive power trip and the ocean of cash. As for the CC industry, we (USA) are still not a major player yet, I agree 100% that we need many more Coinbase+ models to emerge. |
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buying @peak is not nice, but nothing to worry. he just needs to wait longer, that is all.
i happened to buy in @ 20111 peak. i got 100 coins for € 2000,- and directly after i went in, the price tanked all the way down to $ 2,- ... my investment was only worth € 200,- FOR THE LONGEST TIME. it looked like the worst deal i ever made. i had to wait until 2013 to see the light again. boy, am i happy not to have given up on bitcoin. because today this € 2000,- investment is worth around € 50 000,-
turned out to be not the worst but the best investment ever.
in the long run, except for those buying @the last peak, NO ONE EVER lost money buying and holding btc, no matter at what peak one bought.
there were several threads of people getting nervous that bought at the april 2013 peak. even now they made 100% profit.
whoever bought @last peak: put your coins to an offline wallet and keep the keys safe and wait 6 months. then check again.
That's a wonderful story, and I'm glad to meet someone that owned btc prior to 2013. I chuckled when you said: "NO ONE EVER lost money buying and holding btc," because of course by definition as long as the position is not defunct as long as you don't cash out any loss (or profit) is technically unrealized. With all due respect as I mentioned earlier, btc life prior to Nov 2013 is totally different from btc life after that. And since you were around from before April 2013 the exact same comment can be said for that time line divide -- btc life before April 2013 is totally different from btc life after that. What occurred between April 2013 and December 2013 in the btc world must be studied deeply at high academic levels. |
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The price has fluttered below my buy in average a few times. I went into this fully expecting that to happen.
Having looked into the price history I knew perfectly well that I might have to wait 12-18 months to make proper gains. I did my homework and was at peace with that thought.
Right now anyone whose average is over $1000 is unfortunate but it shouldn't be a surprise.
wow, that's truly a conservative perspective for anyone looking at a cryptocurrency (CC) of any type Btc just made 5yrs old some days ago, and it wasn't until about April or May of 2013 that any level of "legitimacy" was truly enjoyed by the CCs, so I really congratulate you on having a year+ perspective; but I assure you that that is well beyond reasonable expectations for anyone getting into such a highly dangerous, extremely young, and massively volatile market in 2014. The track record for btc before November 2013 is not indicative of it's performance after that, it's a totally different world. January is gone, and nearly half of Feb is too yet btc only hit a grand once. A pure chartist will tell you that based on the charts the true high value of btc is about $400, and that anything above that is ridiculous speculation. But if you look at all of the negative ancillary forces pressuring the CC, IMO it's true value is about $1000 and anything under that is a bargain. Btc's biggest harm is being caused internally by hacker, scammers, bad cus svc, and lack of self-regulation. I think if you remove the hype, defamation, and increase market security the value will see $1200 again this year. But since the world loves it's scary, wild, and crazy rides my bet is hype and defamation will be the rule resulting in your $500 to $1400 cycles. |
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I was thinking, if someone runs a bitcoin ATM and it's not Robocoin (Which is the only one that does user verification) don't they risk of becoming the perfect place for people to launder counterfeited money?
I suppose the note taking mechanism can't recognize them. Especially since most seem to be programmable to work with any currency...
So how do we solve that?
Camera at the spot won't really stop the determined ones.
Is it possible to 'launder counterfeit money'? |
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The price have been dropping since I started keeping BTC  ouch, sorry about that The cryptocurrency game is a gamble, at least with btc you have the opportunity to trade into many other things so that you have a second opportunity to see some profit. 200, 300, and 500% weekly increases for btc are history, but still exist for many other CCs, of course none are as recognized or "stable" as btc. The CC industry it too young and weak to truly invest with only your brain, you have to invest mainly with your heart and hope you picked a winner; but use your head to decide when to cut your losses. good luck |
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Bicoin will be back above $1200 by end of spring. Mt GOX will rise from it's ashes but it will never be the biggest bitcoin exchange again but it will not die.
I think the time to buy cheap alt coins is now. Bitcoin too...
Monday could be ugly but it will be a buying opportunity.
I am %99 percent sure about this! Sure it will be like that. And maybe people will learn to dont panic SO much That's so easy to say when your money isn't disappearing in front of your face. 100 BTC worth $80,000 is suddenly worth $75K, then only a few hours later it is worth $60K then a few more hours it's worth $50K how can you guarantee anyone at any that point that it will not continue to fall? The fact is, now the massive disaster is over, but your 100 BTC is not worth $80K, or $50K either, but $65K are you pleased? The whole cryptocurrency industry is both a game and a gamble |
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This fleeting $100 price tag will serve as a chilling reminder of exactly how bad it might get.
Or how 8k BTC was dumped when panic was on it's peak, and yet market did not give a shit : Quoted for truth!! And oh look...less that a day later...  you are showing me a single chart, I was actually awake and tracking the market at coinmarketcap.com, and coinbase.com neither one reflected the $102 btw, but did reflect the $500+ figures. I only need documentation for things I need to take on faith, not for things I actually experienced. I was awake too...we're not all on US time. Why not take a look at teh long term term trend line...see what that tells you. As for "faith"....well, you seem to hold DogMuckCoin...get back to me in 12 months and let me know how that goes. Stop the unnecessary hate. For far too long and even now cryptocurrency bitcoin gets bashed over and over again in the real world, but it seems just like the vicious cycle of human abuse "hurt people, hurting other people" so now too many CC BTC holders are following suit trying to abuse holders of "alt" CC -- stop the nonsense. [Edit] I just saw the following response you issued to another forum member that seem appropriate to attach to this reply, the irony isn't lost either:
Hhhmm... taking refuge in ad hom attacks...that really advances your argument.
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But when only "counter-arguments" I got, were "but..but.. government regulations are bad!" or "but.. but... the banks are also bad!"... Then I lost all hope... No one is interesting in creating a self-regulatory system that would build integrity and trust around the bitcoin market system. No one got worried that if MtGox falls, then people will think "how can I trust any of those exchanges?".. All I got were silly excuses on why we should just keep burying our heads in sand and hope that the problems will solve itself.
One of the beauties of Bitcoin is that if you think there is a market for some type of more regulated exchange, exchanges with better guarantees, etc., there is nothing stopping you from starting one or a community of like minded individuals who want to follow the rules of the community. Perhaps make some proposals and try and start something. that's exactly what this thread represents, the discussion seed that germinates and grows into some large action |
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