Are you still mad because you missed out on the LTCD party bus? |
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Does anyone know many coins have been mined so far and how long it will take to mine the total supply?
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Whats the market cap worth at the moment?
about 335,000 $ That's a low market cap, it just tells you how undervalued LTCD is. If everything stays on track, litecoindark will have a $1,000,000 market cap easy. That is why I hodl. |
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FUDsters or not, looks like the rally is out of steam for now.
We'll see where it settles in and go from there.
Rally over my ass, you fud packer! Watch and learn, young padawan. You were saying? In case you're not paying attention the price is now 1500 satoshi.  |
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FUDsters or not, looks like the rally is out of steam for now.
We'll see where it settles in and go from there.
Rally over my ass, you fud packer!  |
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We are on BITTREX now baby!
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This coin just looks tooooo sweet brotha!  |
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Nice hashrate! Can't wait till C-Cex and Bittrex pick this up! Don't sell guys, this is just getting started!  |
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any eta for halving block reward?
It was halved already not too long ago. The diff is crazy high, no miners can really and umps so what's the worry? |
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so 1 CANN = $20 ?
More like $10, in theory. More then the value, it will make transaction easier. should be around $20 when everyone is awake up......... 109,000,000 coins x $10 = $1,009,000,000 market cap. They are going to have to grow/sell a lot of marijuana to make 1 CANN = $10. It can be done if they become the biggest dispensary chain in North America. I wouldn't expect to see $10 a coin for another 5 years. I do not understand why any dispensary would ever sell any cannabis at a 1:1 ratio for CANN unless CannabisCoin gave the dispensary CANNdy for free. Ummm... your flawed logic of "they are going to have to grow a lot of marijuana" makes no sense. You're implying that everyone would try and exchange their CANN for marijuana all at once. So no, they wouldn't have to be anywhere near the biggest dispensary in North America. |
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Who the hell is dumping???
The biggest morons in the universe. |
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Satoshi on Twitter announced there's going to be a pump to 8500 satoshis!
Satoshi is an idiot. He gets on board whatever coin is popular, plays his pump and dump like he knows something, then lies about profits. Most of his followers do not trade. Take that with a grain of salt. If he has any followers he dumps into them. For chump change. I hate to be a dick, but the entire twitter crypto scene is cancer. You know how those twitter "pumps" actually work right guys? They hype, you pump and they dump. They are basically scam artists. They are trying to gain cred because CANN is going to 8500 sats and beyond with or without them. They just want to make it seem like they "called it" and say "i told you so" in an attempt to get more dupes on twitter to actually listen to them. That whole scene is sad, just ignore it. |
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price is already high for a 78 mill coin no?
......late 2014.......and still thinking the total amount of coins somehow dictates the price.  |
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From your post, it's obvious you are concerned about miners' dump and how do we sustain the price.
Well first of all, I believe that there are about 400k CANN mined per day, BUT only until Mid September 2014, whereby the mining reward will be reduced to 52.5 instead of the current 210, so about 100k CANN will be mined then, till 450 Million CANN and this will take approximately 8.5 years!!!... However, if you look at the daily volume recently, you don't see 400k volume per day other than the occasional 1 day volume spike probably caused by some whales that have just entered Cannabiscoin or may be looking to accumulate more of these cheap CANN!
So what does this tell you?
It simply says that NOT all CANN mined per day will be dumped. Yes, miners have bills to pay (e.g. electricity, hardware, etc), BUT some miners are speculative miners. They are mining CANN as an investment for mid to long term.
Speculative miners will not instant dump whatever they mined, they will HOLD! Yes, there are smarter miners these days unlike in the early days of BTC, besides Satoshi, most would just instant dump.
So why are some miners not instant dumping?
Easy answer! CannabisCoin is way undervalued, and I mean way way way way way x100 undervalued.
Why? Imagine the peg being announced as 10 Cann per Gram for being conservative in my example below, although I strongly feel 1 CANN per Gram is still the way to go and my hunch says dev will announce peg as 1 CANN per Gram.
Anyway, let's go with 10 CANN per Gram:
Assuming 1 gram of Medical Cannabis costs on average US$17 (This number is provided by CANN Dev), then @ 10 CANN per Gram, each CANN is roughly worth US$1.70
@$1.70, it is about 340,000 Satoshi vs current price of about 1,000 Satoshi (Hint: Potential 100x here, can't you see?)
@$1.00, it is about 200,000 Satoshi
@$0.10, it is about 20,000 Satoshi (Still decent 10x, if you managed to buy CANN below 2000 Satoshi)
So as you can see from above, the risk to reward is too good for speculative miners to simply instant dump CANN, not until CANN reaches close to parity which wouldn't happen overnight any way.
Therefore, by pegging @ 1 CANN per Gram, the Reward to HOLD since @ parity, 1 CANN is potentially worth US$17... I say, you won't have to worry about miners dump too much!
Tick-tock Tick-tock... Time is running out for cheap CANN!!! Remember ON or BEFORE 1st Sept 2014, the pegging announcement will be made.
Don't do last minute shopping please! This isn't X'mas shopping whereby retailers will drop price the day before X'mas!
Assuming the price of 1cann peg, and a price of say $8, which would be roughly half fiat value, even 100k new CANN a day is still $800,000 worth of sell pressure. At this point miners will want to cash in, as if it is close to the pegged value, why continue to hold? It would need many new dollars coming in for actual utility of the coin, and while at some point with enough adoption $800,000 worth of sales per day may be achieved, I highly doubt these strains will muster 800k a day worth. Bear in mind this is $800k buy volume, not just trading volume. Even big companies don't muster that much in BTC sales per day. Or 100kg a day in terms of actual utility vs 10kg... At 10cann, its more likely $80,000-$100,000. With good merchant adoption across several stores these are more achievable figures. I understand where you are coming from, but I do think that putting it at 1cann is unsustainable in the current market. The best peg value is determinant of the sales volume of the merchants that are on board Wow...learn to factor in the mining difficulty if it gets to that level of 1 cann=1 gram....you can hardly mine any at the price it is. You're also assuming that all miners do is dump their coins the second they mine them. That's not how it works...at all. |
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Dear user, as you can READ this is still beta version, and about 0815 19.99$/month noob page, isnīt it? , well what's wrong with opencart? I got you need to FUD a lot, but at least take some serious thesis to sustain. Donīt worry, thatīs my last post here. I can read, but it seems thatīs the problem for you because every displeasing question/ fact you declare as FUD. So again: It doesnīt matter beta or not, you said i can shop in your store NOW. And thatīs criminal in my country. *Whatīs wrong with opencart?* Nothing is wrong with opencart......   And again: Donīt get me wrong but either you are a 17yr old daydreamer or this here is a prank (because itīs too dumb for a scam) So who's going jail for online shopping?... with Altcoins Let's all shop everything on the site and start an International class action lawsuit and see how far that goes There's no laws against online shopping with altcoins. Are you trolling or just retarded? |
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just want to say thanks to you guys! i love this community! strong members and everything is friendly and relaxed! big things are coming!  and some small things in 2-3 weeks  dont forget to vote! i am using my pc, my smartphone and my wifes smartfone to vote  http://www.coinwarz.com/voting http://www.coinwarz.com/votingand a big +1 for HEMP! stay strong! |
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Who dumped on bittrex? I would have bought your coins for way more. Huge dump of 1,100,000 coins all at once. Crazy. I guess there also didn't know about c-cex. There are still buy orders over there at 50+. I have been trading more in c-cex to support them since they offer the merchant service for any coin on their exchange.
Some lucky people picked up hemp coin all the way down at 18 satoshi. That is the price from 3 months ago. Pre block explorer and HTML5 wallet times.
I snagged a bunch up cheap but in reality that is like less than a week of mining. I am sick of the miners dumping. Maybe we should switch to HEMP and cut off the mining. Too many coins in today's world. First off, thank you guys for reeling me back in as you have to do every few months.. LOL..  I agree, cutting off the mining supply isn't a bad idea. we already have too many coins.. lol :p If you cut off the mining it will be the death of THC I assure you. Cannabis coin never considered cutting off mining even when the price was down to 15 satoshi for weeks at a time and they are doing great now. And how do you know it was a miner dumping? Miners don't save up to dump all at once like that, they know they will get more btc by selling in increments. The only people who dump like that are frustrated investors who need BTC right away for a new investment they are rushing to get into. |
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Fuck you DEV, I hope whatever btc you made buys you the hooker that gives you AIDS...karma is a bitch you cocksucker.  |
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Dump again to 67 pleaze..
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