with this higher volume of last hours uno has now officially surpassed bitcoin in the supply/tradevolume equation (tradevolume devided by new coins per day) on global scale. Approaching drk and ltc now. Uno is on the way to the top. Go mUno! Once cracking LTC and DRK on 'tradevolume vs inflation' it'll be the No1 coin for investors and traders. There is still so much room for growth. We haven't even started this thing yet. Very high potential in Uno from the fundamental standpoint. Same volume as we had during last weeks after the halving will put Uno at the Top of all the coins (including bitcoin) in regards of fundamental analysis and as things stand also in TA of charts. I'm expecting great success. Price will have to grow a lot to keep in check the volume/supply for the time to come. To the mUn! 5$ bare minimum from my standpoint. Consistent trading and stability around higher levels will bring confidence. Steady growth is to be prefered to insane spikes in this case. Uno looking good. lol at stupid Kim Jong Un jokes. Staph it FK!
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today approx. 20 to 25 - fold of new coins per day was traded - about the same level as bitcoin was globally traded yesterday on the supply/demand - calculation (coins traded divided by coins minted)
looking good for Un.
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there won't be any results for this section. The only result will be more buisiness for vpn-providers. Chill out. No impact. Everything continue as usual. Do they also block VPN service providers there or don't bother with this?
can't be done. One proxy is always there to take you to the provider. Blocking content on the web is the most useless and fruitless effort a government can make.
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Can you find a use of LTC other than trading in exchanges?
i can buy stuff with it. Not my problem you haven't been able to figure out it is actually accepted payment in many places After then next halving coming 2015 it'll also be very good to store savings in it. So apart from trading it can be used to save/store money, believe it or not...
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here for you smart asses, another idea that is totally in plain sight, yet nobody ever noticed or bothered making a thread about it: https://bitcointalk.org/index.php?topic=792132.0Just sayin' ... "the smartest experts" isn't an argument. You go ask them if you want it overly complicated.
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Had an idea few days back. How to calculate supply/demand of a coin in minutes.
Take timeinterval x (1 day / 7 days / 30 days / ...) Take how many coins have been traded during that time and divide by the number of coins that have been minted in the same time.
The number you get is how many times the network output of new coins was turned over in timeframe x A rough indicator for supply/demand especially useful on larger timescales. Very good for fundamental analysis of coins and also very good for direct comparison of different coins.
Inflation vs demand indicator.
Enjoy your new tool.
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I came up with the idea first when i was analysing Unobtanium supply/demand, a brilliant coin in that regard btw since it doesn't take much volume for it to let this indicator go to insane hights. Just a heads up. Have fun trading.
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@ Gustav:
'14.8'! Got it.
Now, I am not bein' a smart-arse; I genuinely want to learn: so, a vault-coin would benefit from being enthusiastically traded by its community? (and I have waited ages to ask this: both in-house trades and all actual commercial transactions are separate from the exchange stats, is that right?)
m
14.8 on low volume lololol i think uno could be rising for months at this rate. The halving will double the number. In-house-trades haven't been included. Also not coinbroker.io i think. Coinmarketcap could very likely show wrong numbers (displays 1$ coinbroker which sure is wrong data). So the Volume was very likely a lot higher. Maybe coinmarketcap isn't really suited for the calculations. Maybe i'd have to get the number directly from the exchanges next time. The exact number could in reality be like 20 or 25 ... next time i calculate i'll get the data directly from exchange. It is really hard to get accurate data. I would take the 14.8 as a minimum. look at it. VTC need 50 times the volume Uno does to break even. Uno competes with absolute small volume with the insanely high volume coins. What happens when Uno would be traded on 100btc volume a day? The indicator goes through the roof. Uno is really bigger than bitcoin, people just need to realize. Uno is more friendly to its investors for sure than any other coin. Store of value : approved
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Moolah said in a blog post yesterday:
"At this stage, we are not removing any coins from [MintPal] V1 in the migration. Every coin currently on the platform will be given a chance to prove itself, though every coin will also be eligible for delisting as per our previously published guidelines (ref: route to removal). "
It's official. Un is no longer in imminent danger of being delisted from MintPal v2. Thank you to those of you who stepped in to lobby Moolah on behalf of Un.
that is great news.
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ok, numbers of today taken from coinmarketcap. 24h volume divided by price = number of coins traded 'number of coins traded in 24h' divided by 'number of new coins in 24h' = the demand/supply indicator (see blow)
value 22,3 for btc (with volume of 80k btc - 3600 new coins a day) value 33,1 for ltc (volume of 10740 btc worth - 29500 new coins a day) value 14,8 for uno (volume of 2 btc worth - 30 new coins a day) value 39 for drk (volume 1000 btc - 2880 new coins a day) value 3,2 for vtc ( volume 20btc - 28800 new coins a day)
these numbers were calculated with what coinmarketcap shows. So a very small 2 btc volume on uno in 24h (around 444 coins divided by 30) gives us volume 14,8 times greater than supply on new coins. Bitcoin needs 34 million dollars traded to only strike slightly above that number. Uno would not need much more than 5 btc tradevolume a day to beat them all in the inflation-to-tradevolume indicator. And guys, 2 btc tradevolume is really nothing if you think about it. Can take a jump any time. This was a day of low volume for uno and high volume for the other coins. I think it's amazing how uno can compete on that indicator with the heavily traded coins. Takes only very little volume for uno to beat the other coins on that. I came to the conclusion, uno is a sleeping giant. Would be interesting to calculate it on 30days - intervals, but where to get the data? Also pos-coins are hard to calculate without exact information on how much was minted.
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blockreward is 5 drk, is that correct?
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one more comment: the absolute beauty of this constelation is that it is totally no biggy for all the mininginfrastructure on bitcoin moving to uno in a matter of days. NO BIG DEAL! SHA256! If people come to realize it is fact that the inflation on btc is too high or the adoption too slow (which ever you choose) things can go fast.
Mind you: uno has no huge satoshi-wallet which is an additional plus, it is low in price (lot of profits to be had), and it is faster, PLUS the blockchain is not so big right now. WOW There are totally no barriers for a transition besides the mental ones some people will have of course.
The only disadvantage of a switch is the turmoil in the crypto-community it could potentially cause if things go too fast. Other than that i can only see advantages. But since it can easily rise for a long, long time everybody will win in the end.
Uno is really bitcoin on steroids. And you do not even have to preach it like a cult. All you need to do is point people to the deam' supply/demand indicator and they'll see it themselves. Not much explanation and preaching needed. Hard numbers.
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now btc drops due to too high inflation and/or too slow adoption. Uno could make its priceindependence now. There is nothing holding it back, really. It can go Top 10 over night once people start to see what was pointed out during the last two pages here in the thread. I'll be back tomorrow. Looking forward to your comments.
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well, uno is the only coin out there at this time that could dethrone bitcoin if you think about it. Let's not be too crazy about it to annoy people, but really, uno doesn't compete with litecoin only, it competes with bitcoin itself since said indicator (new coins per day vs traded coins) will also be of tremendous help for traders and after some time it'll become very clear that Uno is THE SUPREME STORE OF VALUE since demand will pretty much always outstrip supply from now on. Crazy? Maybe. But this is not even hype. It is cold, hard numbers. Please feel free to develop on that idea of the indicator. It's OS and not copyrighted of course Do with the idea what you want. I'll be tracking it manually from now on until we have it automated in some way. I'll write you a table every now and then.
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how about implementing that into the unobtanium.uno page? Take a few popular altcoins + btc + ltc most have fixed number of new coins. Volume on exchanges is also possible to track. I could imagine that could be displayed in realtime and fully automated. I wouldn't know how to do it but sure one of you guys has the skills for it. I think 'new coins issued in 24h/7days/30days' vs 'coins traded 24h/7days/30days' is a good indicator which people will come to love when trading coins. Correct? That indicator is also a strength of uno. I'd think uno will beat them all at any time. I had the perception only very few people were able to extract this from the specs. With such a tracker/ticker/indicator it would be much more visible to everyday people. LOL. If that gains traction in the end they all sell their bitcoin for uno and uno replaces bitcoin please, someone has to create that ticker! Uno can compete directly with bitcoin. It's real!
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@ gustav .... BOO YAH!
newcoinissues vs. coinstraded
Bitcoin: 3600 / 5400 UNO: 30 / 280
newcoinissues vs. coinstraded Bitcoin: 3600 / 5400 (on all usd-markets combined)UNO: 30 / 280 (on bittrex alone)we could be tracking those numbers and also compare to other alts to help people understand what the deal is with unobtanium.
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this coin is incredibly scarce. On bittrex alone you have been trading 9 days of new coins last 24h. You can't buy this many coins every day on one exchange alone because if you do demand outstrips supply many times. If you compared it coin-wise to bitcoin you traded uno with higher volume today than bitcoin was on all usd-markets combined on bittrex alone. What i say is: Bitcoin: 3600 new coins a day. Tradevolume on all usd-exchanges today: 5400 btc - so a bit less than 2 days of new coins was traded across all usd-markets (stamp, btc-e, coinbase, finex) according to bitcoinwisdom. Uno: 30 coins a day. 280 coins on trex in 24h traded. More than 9 days of new coins. Well, you do the math. edit: cryptsy: approx. 3 days , coinbroker: 1 day, mintpal approx 3 days. So demand/tradevolume outstripped supply on new coins today by 16 times! Yes, 16 or more! (and we didn't even get started) Uno is totally nuts if you look at it this way.
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people are scared of ripo. lol. Traders, exchanges, scammers, bitcoiners, everyone. This is the most disruptive coin in a long time. lol Love it. People hate to be confronted with the truth.
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this coin shows how useless all of you are
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