|
The price will stay below 1000 sat because there are too many new coins minted everyday, the miners are just dumping them.
We all need to face the fact that we put our money into a shit coin and move on, sorry to have to say it, but this coin will be at 500 sat by this time tomorrow.
|
|
|
|
Whoa, huge dumps clearing out almost the entire buy book! Wtf! I wish I had some fucking BTC to spare right now! Christ.
Well, on the brightside, this is one way to escape miner profit dumps haha.
Yeah, went down to 300 sat! 300 sat, wow, this coin is FUBAR! |
|
|
|
"This coin has been the worst investment I have ever made, there are loads of bag holders left on this one."
-> It is a VERY hard to keep a coin like this. It should be sold at the top and bought back from the dip. But if u have hold allready all the way down, why not to hold all the way back up?
- Tomi
There are too many coins for it to go back up, about 40 mil every week are being minted. |
|
|
|
And UP again we go like a roller coaster.
You call up 2K sat a roller coaster? |
|
|
|
"So, how low is this price going to go? I'm ready to buy."
-> Better start to buy once the curve heads towards north again
"Look familiar? I think we've still got the dump to come, though."
-> This moment will determine Maza Coins faith. It will prevail if we hold.
- Tomi
I don't think we have enough buyers. Too much supply, not enough demand. Your spot on there mate, there's about 40 million coins minted per week, the price just keeps dropping and dropping. I bought in at 10K, then at 6K the get my average down, I had to buy more again then at 3K to get my average down further, and yet the price still keeps dropping, I honestly think this coin is dead. I may just cut my 80% losses and buy Spain coin, that actually looks promising, and there was no lying about them being an official currency. This coin has been the worst investment I have ever made, there are loads of bag holders left on this one. |
|
|
|
Hi
Im spanish. Here very few people knows cryptos. I think with one million coins is enough.
You need to spread the world to your friends and family, free money for everyone.  I wish they were doing this in the UK  |
|
|
|
Waht's the population of spain? 40 - 50 mil?
Half of these coins is 25 mil, so they are looking at half a coin each?
That can't be right, I must be missing something?
I think I remember reading somewhere, that this coin isn't going to be supplied to ALL Spanish people, but only 8 million of them. They're working off the assumption that many people won't claim the free coins, so will dish the 50% to the first 8 million who claim. I could be wrong. youre not. Announcement is here: Premined coins distribution: It will be done in 5 stages, starting one month after launch: Stage Coins/person Coins: People: 1 100 5M 50k 2 50 2.5M 50k 3 25 2.5M 100k 4 10 8M 800k 5 1 7M 7M Total: 25M coins for max 8M people. We assume not every Spaniard will claim their coins. Each stage will last 2 moths, any coins remaining will be either rolled over to the following stage or destroyed. We will watch the coin supply and try not to flood the market giving away coins (we'll probably place daily quotas in the first few days of giving out coins, so that at least no more coins are being given away than being mined). That makes sense, only the tech savy will claim most prob. |
|
|
|
What do you think a fair price for this coin is? Because 0.002 is way too cheep.
AuroraCoin hit well over 0.1 at one stage and currently trades at nearly 0.04. SpainCoin has 50,000,000 total coins, AuroraCoin has 21,000,000 SpainCoin rewards 100 coins per block and AuroraCoin gives 25. Given its early days, the easy assumption to make, is that SpainCoin will be four times as abundant as AuroraCoin was at this stage, so should be a quarter of the value. So a possibly spike/bubble value of over 0.025 and a 'normal' value of 0.01. Circa 0.002 seems to be the current asking price, so if my (admittedly limited and simplistic) calculations are anything to go by, then it's currently a bargain and worth buying. I was lucky as I managed to buy in @ 0.00067 Hopefully this will take the sting out of being a bag holder on Maza coin, I can't belive I bought in @ 10K oh well you live and learn. |
|
|
|
I've been mining @ 72Kh/s for 13 hours and I have a grand total of 1.6 SPA I'm going to carry on till I hit 2 coins, then I am going to retire to a tropical Island and work on my tan. This thing is difficult to mine, but that will keep the price nice and high. What do you think a fair price for this coin is? Because 0.002 is way too cheep. If the coins is a success it will go higher than BTC , if the coins fails 0. Unlike other coins , those nation coins have no middle choice. I hope the Spaniards go for this coin, it's free money for them. Waht's the population of spain? 40 - 50 mil? Half of these coins is 25 mil, so they are looking at half a coin each? That can't be right, I must be missing something? |
|
|
|
I've been mining @ 72Kh/s for 13 hours and I have a grand total of 1.6 SPA I'm going to carry on till I hit 2 coins, then I am going to retire to a tropical Island and work on my tan. This thing is difficult to mine, but that will keep the price nice and high. What do you think a fair price for this coin is? Because 0.002 is way too cheep. |
|
|
|
Hi guys,
We work very hard to solve the problem, we use some friends from the forum for this purpose.
Will update you on our progress
Faircoin Team
Can you not get those friends from the forum to give us a more detailed update? Are you trying to recover the wallet? Are we going to push to go to exchanges? That's about the extent of the updates you can expect of this guy, lol. After all this is the guy that totally killed this coin. |
|
|
|
smart people dont invest in 50% premined coins. only fools
This is about getting money to the people of Spain, and getting out from the central banks (the very same banks that have ruined our world), so I don't mind paying 50%, in fact that's a fucking bargain! |
|
|
|
|
75% premine, really?
And you lied about the government being in on this coin, maza coin lied about the same thing, and look how shit that coin turned out.
Spain coin were honest about the government not being in on their coin, and that coin seems to be doing quite well.
Transparency goes far in the crypto community, I will not be mining or buying. Bye
|
|
|
|
What are the miners on "It's the Poolest" thinking?
They found 26 new blocks. Only to support the coin.
That's me. I'll stop mining now. Wasted 60 hours of electricity on this bullshit coin. The dev is so fucking unresponsive I can't bear it anymore. Just let this coin die, it deserves it. The dev fucked up so bad, either that or it's a lie about the last 15K and he wants to keep it for himself? Shame this coin could of been something good, now it's just another shit fail coin, like the countless other fail coins. |
|
|
|
|
This is gonna be another maza coin, epic fail.
|
|
|
|
WTS 10000 FAC for 0.03 BTC
This is too expensive, I never could support such a greedy attitude  Yeah, lol. I'll give 0.0000003 |
|
|
|
Waiting for pumps is a bad way to trade. Overall it's on a downtrend, when a clear reversal happens buy back in.
Luckly (so far) the trend shifts have been every other day almost... waiting weeks for trend reversals is excruciating!
I'm in too deep to sell out and then cash back in, I bought in at 10K If you do the math, there is too many coins being minted, over the last 5 days there's been another 30 millions coins minted. There's simply not enough demand for the amount of coins that are coming into existence. The total amount that will ever be put into existence will be 2.4 billion, at the end of 4 years. if the market cap in 4 years is 240 million, that would give it a dollar value of $0.24 per share. |
|
|
|
I had such good hopes for this coin, I really thought it was going somewhere. I liked the idea of fairness, such a shame Dev's you really fucked this coin up, such a stupid mistake. |
|
|
|
|
I would like to know how you plan on distributing the coin to the people of Spain?
Please explain.
|
|
|
|
Hey, We are still working hard to try restore the the lost Coins, Anyway, until we get them back, we want to move on, We can assure you that the coins actually lost and you can see it in http://faircoin.coinexplorers.com/Thanks, And there is no way at all to get them back? |
|
|
|
|
Show Posts
