Just as an FYI to everyone, I asked c-cex what kind of trading volume would convince them to keep SPN listed on their exchange, and this was their reply: "1 BTC/day will be a good reason to keep it."  So, unless anyone has a few spare BTC laying around, it looks like we're probably going to lose our listing on c-cex.

My 2 cents:

I wish it weren't true because I want the price to go up, but I think we need a game-changer to get another real rally going.  Some things that I think might qualify include a very (preferably unexpectedly) positive revision of BitLicense or an announcement about an actual listing date for a bitcoin ETF on an exchange.  Barring something big like that, I think we'll test the 266 area again because I think the collective market wants to know if that level will actually hold.  I think many people expected a bounce off that area, which is why we got a good, strong one.  But I'm not sure how many people believe that it will hold a second time...and more importantly, what happens if it doesn't.

The one technical thing that I think could lead to a new, sustained rally is TRUE capitulation.  And by true capitulation I don't mean the dip into the 200s that we saw recently.  I mean where even some of the earlier adopters start to question if bitcoin will survive.  I think the market has been saturated with newcomers (myself included) since the rally at the end of last year, and it really needs a reset where most of those people are wiped out.  Otherwise, I feel like we're just slowly going to sink under the weight of the miners, at least for a fairly extended period of time.

Long term, I think there's still hope.  But short/medium term, I think we need something big to ignite another rally.

Thanks for your perseverance, SpartanCoin.

C-cex is once again threatening to deslist SPN.  Is it worth the fight at this time?

It looks the network hash rate has been slowly and consistently rising.  The last day or two we've been over 100 MH/s every time I've checked.  And the bids on the exchanges have slowly been rising, too.  Very good trends.

The block explorer page (http://blockexplorer.spartancoin.org) is having issues again.  It's missing block count and difficulty.

Wow!  Did anyone see Europex?  Over 16 LTC volume, with trades as high as 90 Litoshis per SPN!

I'm not saying this is a bad idea, but we have to be really careful about this approach.  If you just open up a store-front, there will be a lot of selling pressure as those that have mined the coin start buying stuff.  See GPUCoin.  Once they opened up their store, the price plummeted and never recovered.  You need to make sure that you increase the demand, which is not easy to do.

Edit: To increase the value of the coin, you need people not just to buy it but to hold it.  If they buy and then spend right away (which most likely means selling as the merchant cashes out), it won't have much effect on the value.

Oh, ok, then maybe it had to do with the ticket I had opened.  They took a few days to respond, initially saying that they had announced that it was going to be delisted and everything.  But I guess they listened when I explained to them how you had been in contact with them, and that they had taken it off the delisting list about 4 days prior to delisting it.

Anyway, it was a great victory for SPN.  I don't think I've ever seen a coin re-listed anywhere before.

In case anyone missed it, SPN has been re-listed on C-cex.

Yeah, what happened?  Sorry to keep bugging you about this, SpartanCoin, as we know you have much to worry about, but could you please check on this?

Edit: I opened up a support ticket about it on C-cex.

Then why are you bothering to read this thread and post a comment?

It looks like C-cex has removed SPN from their delisting list.  Thanks SpartanCoin!

Thanks SpartanCoin.  It would be nice to know what their minimum volume per time period is.  SPN has been trading, just not a lot.

I'm aware of that (although I doubt that they lose much if any money on low-volume coins as long as they don't require much maintenance).  But if you look back on this thread, the SPN dev, SpartanCoin, has contacted C-cex a number of times to ask them to keep the coin.  Obviously they listen to him since it hasn't been delisted.  As I kind of doubt that they would again plan to delist it after SpartanCoin talked to them like two weeks ago, I'm wondering if they have a script or something that goes through and just marks all coins with low volume for delisting.

SpartanCoin, C-cex is again threatening to delist SPN, this time by September 14th.  What is their issue?  Do they have an automated process for marking coins that will be delisted based on low volume?

Maybe publicity, and it also should make anyone happy who uses cryptofolio and owns SPN.

To anyone who wonders if they could be legit, simply consider the math.  3% daily interest, if compounded (which I assume it would be if you keep reinvesting your returns) means that if you invest $1 now...

1*1.03^(3*365) = $113,962,259,727,591

you will own the world in about 3 years.

Many people will recognize this for what it is.  But some will get sucked in because they simply haven't come across this sort of thing before.  If someone is naive, they should be educated, not taken advantage of.

Time to start an anti-Cryptcominer sig campaign.

This all seems too good to be true for any long period of time--how can you guarantee at least a 3% daily interest rate?  How can you possibly get that kind of consistent return in a legitimate manner?

Cryptcominer, could you please explain a little bit about how you can guarantee such a high rate of return?

If the payout is 90x, then 100 people entering at 0.001 each means 100 x 0.001 = 0.1 is collected for the game, but the winner only gets 90 x 0.001 = 0.09.


If 1 out of 100 people win, then your chance to win is 0.01 or 1%.  0.01% means 0.0001.

To the owner: this is an interesting idea, but are you going to keep many players?  I would guess that a lot of people will play a few times and then get frustrated because they don't win anything.

From https://coinbase.com/about (emphasis mine):

"The Company At A Glance
Founded in June of 2012, Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin.

We're based in San Francisco, California."

Their headquarters are in the US, which is what matters.