I can't tell if you're talking to me or someone else?  Why would I regret selling MCO?  I bought twice as much back after the dump, and made some extra coin on top of it.  MCO has been good to me.

I'm not sure why you'd mention Rise.  Why would I want anything to do with RISE?  It's a dead coin pump toy.  The github hasn't been updated in forever and it's just a copy of Lisk anyways.  You guys have fun marching the price down so you can pump it back up again, maybe I'll get in the mix and take some of your money.   And I did sell my Tenx, wasn't doing anything, finally broke even with it so fine, you can have it.  Good luck.

It can be hard to see past the pump but there's other elements as well.  Sometimes I speculate that an altcoin is about to take a dive, like I did with MCO recently just before it did in fact take a dive.  Some view that as FUD, the opposite of shilling, but I think as a community it's helpful for us to try to help each other if we can, so I do my part when I'm able.  At times, you're right, I'm blatantly pumping a coin, because I hold that asset and I want it to do well, and raising awareness of it helps.  But I wouldn't pump a coin if I didn't legitimately think it had a good chance in the market.    And sometimes I just post about how I think bots are manipulating the prices of assets, without really talking about any particular asset because in that case it's irrelevant.

So just speaking for myself, I don't think what you're saying is always true.  It's true a lot of the time, but that's expected and you have to figure out how to look past it.

Unfortunately, a lot of pump groups pay people to post here, and they really have no interest in whatever they're pumping, they're just trying to get some sort of handout in exchange for being astro-turf (fake grass roots support).  I agree it would be nice to do something about that but what is there anyone could do?  Shut down the forum?

If this were stocks, I'd agree with you.  But since it's coins, and the value of a each is determined almost entirely by bots, hype and whales... I think due diligence might actually be detrimental, as weird as that sounds.  I tend to make a lot of my decisions based on the chart, the volume, and the density of hype I detect on the internet.  What the coin actually does or what the devs are up to is somewhere between secondary and irrelevant.

Well it is now, but I was quick-flipping it like a madman on the run up last few days.  Made a bunch off that actually. 

I think a lot of the negative reaction that happened today was because of the app.  It wasn't what they promised, more of a placeholder of an app than the real thing.  Also, all the Visa logos on their site and marketing materials up and disappeared overnight, and they took their whitepage down and I guess now it's "in the app", which everyone was a bit suspicious about.

On a brighter note, Kris said in a tweet that Monaco will not be selling a single MCO token from their personal supply, so that's encouraging.  That was a much larger concern for me than the Visa logo or the app.

Looks like it.  Steady growth for the last... lot of weeks.  It feels like it's at the bottom of the latest correction from the last bump.  I've got a bit on this one and I'm going long with it.

I don't really know much about Ark though.  Anyone know about upcoming events/news with them?

You and me both, I only sold half.  Luckily that helped me buy back in at a very low dip to where I basically recovered most of my losses already, but still... I miss 400k+!   It'll be back there soon they just need some good news and Kris needs to get out ahead of the twitter-ati better.

What's suspicious about it?  I said MCO would tank, and it did.  Touched 200k for a second today before recovering a bit.  That's 300k+ down from when I posted this.  Don't shoot the messenger.

I had a weird thought that it might be used to restrain the pace of delivery vehicles to the legal speed limit.  So Donatos or whoever would automatically place GEO's along the path the delivery person was taking, but they would only be valid if the delivery person was there at a certain time or later, and not after the delivery.  So if they drive too fast, they don't get the coin.  Kinda strange but I think it might actually work.

MCO way down and still falling.  Everyone who listened: Congratulations, buy back in in the dips and watch it climb.  Everyone who didn't, my sincerest condolences, I did not want to be right about this.

Ha!  Ok well you jumped the shark in the second sentence.  I've never been to the TenX slack and I hold both TenX and MCO.  If I have a coin pay card I personally like, it's Shift.  And just because someone has a problem with the ridiculous things MCO says and does doesn't mean it's because they support some other option.  Your statements are ridiculous.


Again, never been to TenX's slack, and I don't know what a TenX calculation is.  And it doesn't matter how many are in circulation, 30 million is the total number.  Guess who has the other 20 million?  MCO founders, and as of tomorrow, they're allowed to sell it.  Don't worry though, Kris said he'll "consult the MCO community" before doing so.  What a relief!




$9 * 30 million = $270 million yearly in rewards.


WRONG:  $27 Billion a year COLLECTED IN CC TRANSACTION FEES.  Only 1.9-2.0% of CC transactions are fees.  And because Monaco uses a reseller for their Visa plan, they don't get all of that.  Probably more like 10-20% of it.  So 270 billion, in fees.


Not even close.  270 billion * (100 / 2.0) = 13.5 Trillion to 270 billion * (100 / 1.9) = 14.2 Trillion

NEVER GONNA HAPPEN.


Says the guy that does not know how to spell mathematics.  *smh*



PUT. THE. BONG. DOWN.

BTW: How's MCO looking today?  You like that app?  HA

I think this coin makes a great long term investment but for short term gains you might be better off looking elsewhere.  XRP has a strong upward dynamic at the moment.

I think that's misrepresenting the situation a little.

The card will have the Visa logo on it, it will be accepted everywhere Visa is.  As far as I know, Visa didn't exactly deny their request for a direct deal, they're just still in negotiation over that.  Currently they use a reseller of the Visa brand, probably at reduced profit levels, but to the end consumer there will be no difference.

Don't get me wrong, there's a lot of troubling things about MCO, but the Visa logo is, imo, the least of it's worries.

I have a mixed strategy for trading, 90% short term gain, 10% long term hodl.  I sell most of what I bought for modest gains, to cover the expense of the remainder I didn't sell, which I hold onto forever.

I agree, Ripple looks strong and like it's going to go up substantially in the near/medium/long term.

After the very near pump -> correction -> dip I might buy back the 90% and do it again, get another free 10% of coins and just let them stack up.

Sell wall is being chipped away at roughly the pace anticipated, maybe a little faster.  Last chance to get in for short term quick profits.  Maybe 10 - 15 minutes until it's gone unless a whale gets on board.

EDIT:  Hmmm... it's holding up longer than expected, upward pressure has eased off a bit.  Well eventually it'll go and when it does price is going to bump up substantially.

XRP is about to pump.

I'm basing this on a sell wall currently keeping the price from raising that is gradually being chipped down.  My estimates say in about half an hour or so, it will be gone and XRP will skyrocket for a moment before correcting.  My sell target is about 6000 sat, 20% up from current.

Time estimate based on size of wall (31 BTC), daily volume (2000ish BTC), what portion of daily volume the wall represents (1.6%) and how much of one day (1440 minutes) 1.5% represents (25 minutes).

Then I'll have to pass for now, I'm trying to find an exchange that does not.

I made a suggestion to Bittrex recently, they did not like it but maybe you'll give it some thought:

Indicate, visually, which orders originate from API for human buyers and sellers.  So if they see a coin is infested with 99.5% bots, they can avoid that coin since it is a well orchestrated scam.

If you implement something like that, I'll give LakeBTC a try.

Bot-based coin price manipulation is killing the market, and the coins.  Sure it creates short term profits for the exchanges because there's so many trading fees, but long term you're shorting yourself by embracing things like that.

You may want to read this thread:

https://bitcointalk.org/index.php?topic=2134345.0

Exchanges run the risk of being entirely removed from the equation.  You could protect yourself from this growing threat by getting out ahead of it.  If you can say 'LakeBTC is taking a strong stand against bots manipulating coin prices', coin developers and human traders will support that.  The profits will easily eclipse whatever chump change the bots are producing for you now.

Coin prices are too easily manipulated to use as a metric of it's long term viability.  Enough money thrown into the Ask window will raise the price, it works with any coin.  That's why the MCO prices are so unstable, they're fake.  They propped up the value to entice new bag holders in at crazy high rates, now those bag holders are underwater, don't want to sell, and that's holding up the value... for now.  But since the coin never really had a viable reason to be trading so high, gravity will take hold over time.

Yeah it's going to go down quite a bit over the next 24-48 hours.  I believe it will recover over time though.  It'll be a long time before it hits 600k+ again though, that was a totally fake pump, very expensive, by bots and a lot of money.  I think it'll be back in the low 400's within a month though.

I'm torn on MCO, on the one hand I think it's kind of a pyramid scheme, propped up by false promises of future profit sharing etc etc.  But on the other hand... it still might be a good coin to hodl.  They have a lot of very pumpable events in their future and each one is going to increase the coin substantially if they can make good on their promises.  Like breaking into the US market (huge pump), the Indian market (another big pump), direct deal with Visa (medium pump).  When people get their first actual dividend checks or whatever MCO is calling it, there will be a huge dip because those are not going to be as profitable as MCO has claimed (not even close), but that's a good ways out still.

And just because they use bots and their own money to prop up a coin doesn't mean they'll never do it again.  You can profit on that, just gotta know when to get out, wait for the market to correct, and get back in.

I like the music!

But maybe a nice middle ground would be to start out with a little more mystery. 

You could record yourself picking up GEO on the foggiest, murkiest day possible.   Early AM.  Get some weird looking friends to stand around and kinda stare at you while you're doing it like they're fascinated onlookers, and the first coin you pick up should take the longest of any of them, like you had to track it down for a while.  During this time, play down-tempo / ambient / triphop... Maybe something like Future Sound of London, or whatever a more current version of that type of music sounds like (I'm out of date)

Then as you pick up more, put a few drops in the music, let it pick up the pace quite a bit, and as it does, pick up twice as much geo, then five times as much, than in one spot, just a ridiculous motherload of it.   Music constantly building throughout.  Then maybe afterwords, show yourself dropping a couple GEO near someone playing with their phone who just installed GEO and this is the first coin they picked up, the start of their quest as you walk off into the sunset.

I think that progression would present well.  Also I think it would look nice if instead of walking around basically one setting, downtown areas, during the video there's at least three different environments shown.  A downtown, some more grungy look back alleys perhaps, or an overpass, somewhere with a lot of graffiti, then a beach,make it look like a wild and varied journey.  Currently it looks a bit more like you're just walking around in circles near a one block area... ok, but not awesome.

If you know any 'free runners', I think that would go really well with all this.

I had a thought on how to address this that attacks the problem from a different angle.

Since you're so involved in tackling this issue, I thought I'd bring it up for discussion, maybe we could refine the idea some.

"TraderCoins"

Coins that are mined by making successful trades for someone else with their capital.

So whoever comes up with the most successful strategy to beat down bots benefits from it, perhaps greatly.  Even if they don't have the funds to actually make the investments necessary themselves.

The way I picture it, there would be a profit sharing component involved as well, so if you made a successful trade for me and it made me a profit of 10 BTC, you would get 1 BTC and some TraderCoins.

Perhaps the TraderCoins are the only currency used to contract new traders, so prospective investors buy the coins on the open market, and then spend them to retain a trader for themselves.