what's going on with this dumping btw
Everyone has different thoughts. I think there is no new money coming in. The whales that pumped it this high were going to use VRC/FIAT and the conference and new web site and wallet to pump it one last time before dropping their bags on everyone at the top. Now with the whole Mintpal thing whales don't want to put more money in and let someone else get out. They don't want to dump knowing it probably won't recover. At a stalemate right now. If no pump for FIAT in wallet then I am worried. I doubt new people will use VRC/FIAT option in wallet to buy enough to move the price. We will find out soon though. |
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why is the volume of all altcoins so low in the last couple days?
it's getting scary somehow.
Ya, VRC order depth looks bad. Only thing we can do is panic hold and hope all ends well. |
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People selling for a car to people who will hold for a house. Keep selling the future.
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Most likely bittrex or poloniex will add it pretty much as soon as its launched , quite possibly both of them. similar to what happened to via coin, if it required coding into the exchange with unique code like the likes of qora or something then it would take more time but i would bet on it being added to 1 or both immediately on release
and mintpal too.. hey why not mail these exchanges and add the coin on launch to these exchanges? Exactly, any exchange can add us after launch, we aren't coded into the exchange. We aren't reaching out to other exchanges right now because we're working with Moolah as a real partner. While they are adding us to their various platforms we're also going to work with them to see how we can use the features Syscoin provides coupled with their platform offerings to develop new services for the crypto and mainstream markets. I'm sure other exchanges will add Syscoin eventually as well. Not sure if this would upset Moolah but adding something like, "These exchanges have agreed to add us at launch" to the OP if a currently established exchange (one example Bittrex) would like to add you. That would possibly make more people feel comfortable investing knowing an exchange they have used or have heard of will be adding the coin right away. I believe people will still come to Moolah if they know they can get a different experience but still have an exchange people already trust ready to go at launch. |
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Here is what I've been hearing from the community.
It seems people like what VIA did (of course you had the people that hated that their total amount of coins went down over time too) and having a well known person put their rep on the line helped. Just because of the way Syscoin is doing the presale many people won't buy in.
Then I'm hearing overpriced and miners dump. 100 sat, 300 sat seems to be a more common answer. They are just doing all sorts of math and probably just looking for the number that works out best for the investor (them).
It is a scrypt coin so the people that will be mining the most are most likely already rich. Will they want to mine and dump? Probably not.
Then you got the people who are unsure what will be actually launched and how they will work and who will use them. For now it is just words in the OP. Will it be easy to use? Will there be instructions? If it is too hard people will give up and claim the coin is no good.
Finally people think in a month everyone will forget about it and move on. Invest now, tie up your bitcoins for a month and then launch time comes and everyone found a new coin and won't come back to this one.
Maybe if Syscoin gets a well known person that can check out all the features it's launching with and then they can type something out about it (is it real, cool, easy to use, something people want to use) then more people will feel comfortable.
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It seems most people just heard about VIA and what happened. Then a day or two later hear about SYS and they think SYS is trying to copy VIA with the IPO and same idea.
SYS thread has been up since April and been worked on for 8 months. VIA has some words about having this idea since late last year and finally got around to getting their IPO finished and coin launched.
It's just a coincidence that both coins are happening at the same time.
Of course it'll be no easy task to get people to adopt this new way of running a business. Think of young people though just starting off in life. They may go straight for something like SYScoin and base their business around SYScoin. If successful other people take notice and try it out.
I for one am excited when I heard them mention that they will have a store front / market place of things to buy and a template will be released to help others get started. Let this start off as a hobby just messing around trying these new cool things and turn it into a business or something. New way of doing things / new ideas. I'm sure someone will try to get a Silkroad type market place running and maybe it'll be a hit.
It may start off as a pump and dump but it sounds like the crew will stick around and build out from here. Hopefully it'll benefit the people who stick around.
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First 3 days mining = 36,000 coins a day.
At current price that is 7btc a day.
The 3 days after that there are 28,800 coins a day.
At current price that is 5.5btc a day.
If people mine and dump it won't be noticeable. If people buy in and the price goes up congrats early investors (yes I am one of them) we can sell at a higher price.
Perfectly launched coin and it's set up so that miners can't dump the price down. As long as early investors hold or don't do a mega dump this price will stay steady and slowly go up as long as new buyers come.
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Why not build something, test it, show it off, do an IPO and then hit the exchange. That way investors can show off what is possible right now and get more people to invest and use the services. Instead this coin will hit bittrex and we gotta convince miners and early investors to hold based on what may come out months from now. High risk, high reward for sure with the limited amount of coins and the possibility of this coin taking off. Unless someone beats them by launching a coin with services already built and working.
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Really, someone play very dirty game with min on exchange(s).
You might want to ride those up & downs. I initially sold 500 MIN earlier today and made a profit ~55 MIN, which is +11%. I don't think that's bad for daytrading within reasonably safe margins (like don't be greedy). It's not about geeed here. Also i don't expect mega-pump. it's about that like someone, (whole week and more now) does not let min to go over 3.5k. Also same reflects on volume day by day. I just wanted to point out we can still profit from the fluctuations between the upper and lower boundaries set by this person/group. All small bits can be helpful. Or if you prefer, see it as free extra minerals you can use to bet. So says the person(s) inside. It the same response about the "real" market manipulation. Well just follow them and make money. HMMM but that isn't really the point now is it? Cause you obviously aren't disagreeing that this is going on? We should just bend over and take it? I am still surprised there hasn't been a civil revolt in the USA yet...and I am being serious. BUT anyhow, if and when all planes come through...you can't stop the tide. How can we stop them from manipulating or rather rigging the market? I'm holding onto my Blackcoin as if it were gold and diamonds, but the majority just plays on the waves... In the meantime I see my value melt away. It's frustrating, but I believe and agree in the Foundation's vision and will be certain that its true value is yet to be discovered, when we shake out all the Wizzes and IconicExperts left with BC in their bags. In the end, they go for the quick buck and leave when it's "dead" in their eyes. Even if the Minerals community asked everyone to not buy or sell a single Mineral on the market for a whole week, 60% would say they won't, but happily play the game, not even mentioning those who don't come on the forum, have no idea what Minerals are, but just trade it like any other asset they get their hands on. Unless you can buy'm out there's no way to get rid of such individuals or groups. I'm not blind to what I see on the charts or in the books and today it was even more visible than before. What can we do against it? Blackcoin's Black Shield never served it's purpose either and that was an expensive one >_< Anyway, I'm going to sleep, because I think I'm starting to rant and write weird or illogical stuff :p Shake out all the wizzes and ie's and the coin dies completely. People are emptying their bags to the remaining believers. It sucks but happens to all coins. Just not enough money to go around any more. |
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You guys are going to make this dev cry live on hangouts. He is trying to change the world and make us rich in the process and you people are destroying their project they dedicated all their time to. Just buy and let them do their thing and enjoy life.
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.02 soon. Thanks for the cheap coins.
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The fudders must have enough cheap coins. Look at all that support. Time to pump and dump again.
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Sell walls being pulled and price moving back up to where it's suppose to be. Panic sellers get burned again.
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Pure manipulation by the whales. when you get tired of Uro will leave  this isnt whale manipulation... this is news excitement.. and this price is still really low. if the news is legit. really really low actually. people in now will see 100x gains if all this works out as it should. Yes, people may panic buy that high but when it's time for these people to sell because they want BTC instead will there be enough buyers. How many URO whales are there and do they have enough BTC to buy up everything under a certain price. Is it expected people will be making enough purchases that the buy pressure is so much. |
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Where it that person who is holding 800k or so. You can dump this down to 30 sat and get a few bitcoins out of it.
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VOOT will have to fight through all the bagholders up to 2500 and all the people that are buying now that will be selling when it goes up. Coin can still go up if the buy pressure for the VOOTmarket outweighs the sellers.
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Money has left the alt world for now and who knows if or when it will come back. Whales getting burnt left and right on coins that crash and die.
Only a few coins still have some life (XC, CLOAK, VRC, DRK) but most of them are down a lot from the ATH.
I don't know what else to say other than this couldn't have gone on forever. You can market it but to who?? The people with a lot of bitcoins were in it as it got pumped from literally nothing to 16k and then who ever was behind it left.
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But what we have achieved is a world first. Until today, there has never been a decentralised trustless mixer. And now there is, in the app you downloaded today.
I've been saying for a while that XC is not semi-centralised, therefore no "security bottleneck" in the form of supernodes.
Well, with Rev 2 every singe wallet is automatically an Xnode. It's completely decentralised.
This should address people's questions about how to set up an Xnode in Rev 2. It's set up already. Just start testing it, and track what it does in the blockchain.
Updates will be very frequent and the app will go onto the mainnet in due course.
We're also unveiling the promised announcements today and tomorrow, and they're no less positive.
Arlyn
Speechless... what REV2 contains is beyond huge. Every wallet an xnode...? This is true decentralization... not a semi-centralized solution that you'll find in our closest competitors. I am literally shocked that this tech milestone alone has not taken XC's price to an ATH... and the only reason it has not yet, from what I can conclude, is that the markets are ignorant to the fact & significance of REV2 No reason for an ATH when people are happy to sell at this price point. Get your cheap coins now. If no other coin can do what XC is doing then there is no other coin to invest in. |
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What happened to the price? Is REV2 shit?
Step 1 - buy on rumor Step 2 - sell on news to eager buyers who think they are getting cheap coins Step 3 - enjoy your profit |
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