Most coins are dumping, China issued more ban news on BTC. Same story keeps repeating.

As long as it is sub 12k, I am going to keep adding to my position. 15 million coins, no premine and under 800k market cap. If WC with a premine and 300m coins can reach 1.8M+, there is no reason this can't meet and exceed that. Funny thing is anyone trying to buy a substantial position would chew through the sell orders.

Everytime Cinni get's dumped, she bounces back!  

+1

ya, get the feeling people aren't liking cryptsy as much anymore.  i myself prefer mintpal.

Why Cinni became so popular?

Nowadays only Bitcoin means a long term investments, almost nobody hold any altcoin for long term,
everybody there just want to make some quick cash or Bitcoin,
but could it be that some coin will appear that changes the investors mind to hold it for long term not just for daily trade?

Fact: Bitcoin is the gold of the new ear, everybody knows that, you can make any deflationary currency as you want, people won't change his mind, deflationary coins are Bitcoin, Litecoin, Dogecoin, NXT, ........
But why Bitcoin wortsh more than any of these? Because why would you want to invest in copper if you can invest it in gold.

Is Bitcoin an awesome value store thing? Yes as Gold is. But does this means there is no and won't be a better coin which can make you more profit?
Of course not, as Company stocks, Startup companies can offer you better profit return than if you would invest your money only in gold.

Economists says the perfect investment is what makes your children millionaire with big return while the overall increase rate of that thing is lower, so the return by the interest rate is much higher than the inflationary ratio.

Lets see a real life example, maybe we can apply it to the new cryptocurrency world:

Think of it like you are a wealthy man, doesn't matter where do you live. You have 1 000 000$, to where will you invest it?
You want hold the money there for 50 years, for your children, and remember the compound interest is a miracle.

1- Banks in USA, lets think they give you 1% interest rate, while the infaltionary rate is low as well.
With 1 000 000$ for 50 years you will get: 1 644 631$, it isn't as good, you made a low  profit.
But what about with the public money value?
Because not everybody leave their money on the Bank accounts, many don't even have savings, and many usually just spends it after they get his salary, the inflationary rate is rather less, so count with 0.5% inflation rate.
Assume the public have 1 000 000 000$, after 50 years this money is like 1 283 225 815 $, the inflationary rate is low, but low infaltion is good, so its not a problem.

Because the overall supply inflationary rate is low, you didn't lose much value after 50 years, but the problem is becasue your profit was low too, you didn't gain nice profit.
It isn't a good idea then to leave your money with this low interest rate, even if the money looks won't lose its value.


2- Banks in Indonesia, India
We have just seen low profit for low inflationary ratio isn't a good business, but what about if you get 10% interest rate or more?
With 1 000 000$ for 50 years and 10% interest rate: 117 390 852$
Is that good? SURE, sure everybody would want this big profit.

Okay but don't inves in it right now, see some infaltionary calculations, because of this big interest rate, the human mind, nobody knows why
but usually believe the inflationary rate is 10% or much more, like 15% or 20%. We have seen nations who had only 20% base interest rate with hyperinfaltion.

So the public still have 1 000 000 000$, after 50 years count with only 15% inflationary rate.
1 083 657 441 583$, just too much, too much, its worthless, you got a nice profit, but for a worthless thing. Its a bad investment.

3- What for now?? Do we have other options? Lets see what big investors in USA do, they don't leave their money on USA banks, nethier leave it in Indonesia banks. They try to find some EU banks, wtih interest rates between 3% and 10%.

Try something with 3.5% interest rate, with 1 000 000$ you will have 5 584 926$ after 50 years, its a nice profit, not as much as with the 2nd option but still nice.

But what about the overall public money? If the interest rate is low as this 3.5%, the infaltionary rate usually 1% or can be below that,
and as we seen 1% means almost nothing. 1 000 000 000$, after 50 years only 1 644 631 821$.

This is the best investment!
You can say, but with the high inerest rate I got more profit, yes you got but the inflationary rate is too high to gain a net profit,
and you can say but with 1% the inflationary rate was low, the money almost as value as was, or a little worse, yes but you got almost no profit for 50 years...

But with this 3rd option, The money almost as value as was, and still you have 5 times more value than you had.

Compare it with the crypto life:
What is Gold in crypto? Bitcoin of course. Is bitcoin good for long term investment? Sure. Is bitcoin good for daily trade? Sure.

What is the USA bank in crypto? One sample is Blackcoin, is it good for long term? As we seen nope.. Is it good for daily trade? Yes its very volatile.

What are the high interest investments? Like Whitecoin, Mintcoin, Asiacoin. They can be good for daily trade, but don't think about them as a long term investment.

And the 3rd, the best option, the EU banks with nice interest but still the inflationary rate is 1% or under:
Cinni, is it good for daily trade? Sure. But for long term investment? We have seen it is the best.

Somebody just made a new coin wich is 100% PoS, can't be destroyed, and gives you the best investment and almost the best value protector what is the dream of every investors and economists. So why Cinni become so popular? Because of this!

I just wrote down the facts, the take away is yours!

i ve heard its still possible to mine cinni indirectly
HOW ?!

Who is rat4? 

We needed to make Cinni secure for hundreds of million or even billions dollar+ marketcap and be able to handle millions of dollars worth of transactions a day securely like BlackCoin.
So Cinni has been upgraded.
This upgrade is developed by rat4.
 
The hard fork will be on block 60k

Download the upgraded wallet Here

The source can be found Here

Steps to upgrade:
1. Backup
2. Download New Wallet

DONE.

Premine or not?

I went in every thread to warn th3m from him. But looking at the early dumps he probably sold them all already when the coin went from 6k to 1.5k.

Right now cinni is a very goood investment.. the dev is working on some great features and the coins are very well distributed.

We have something maybe even blackcoiners could envy. <---not trolling buy blackcoin is a great coin

I owned 500k and sold them for a measly 14 btc in the first run up and very much so regret it.

Cinni is redemption for all those mistakes!

I think the 15 btc buy wall inspired some to panic buy up to 8.5k sat. Sadly, I was only able to mine 1000 cinni