have you learned nothing of patience from this experience?

ideally, how often you sample a position's pnl (profit n loss, i.e. how the position is going), should vary inversely to the positions expected holding time.

e.g.

- If u plan to hold the position for 1 hour, look at the pnl every few minutes
- Elif u plan to hold the position for 1 week, look at it once a day

If you sample you position's pnl too much relative to holding time: you will lose your mind

when i heard about the hard-fork I placed 200 lot buy orders down to 0.00025 and turned off the computer (price collapsed afterwards, got filled, but didnt stress cuz wasn't actively sampling). Got filled on bittrex yesterday five times higher. Would I have acted in the same way if I had checked how the position was doing every 5 seconds? Absolutely not, I would have stressed out, dumped it, got back in at a higher price, maybe even get chopped to death and not make any money at all. No good...

can't short these, so u gotta be long to sell em. ride out the heat with patience

don worry brah, hardfork gonna turn spaincoin into gaincoin.

http://explorer.spaincoin.org/chain/Spaincoin?count=20

this is insane, diff has been as low as 10 and high as 550 today, wtf? somebody is gaming the shit out of KGW

this is that reason:

i would personally still mine, i think others with a long term mentality would as well. Maybe two weeks is a bit much, but theres some point where the multipools won't mine it because their customers won't be willing to wait that long for payouts. our miners just have to be slightly more patient than the multipool miners to win in this scenario.

as you said yourself on the blog, its all these new miners jumping on the multipools. their greed factor is high, and level of patience small, so it really shouldn't take that big a hike in maturation time to price out the multipools. plus its just changing one parameter, rather than the entire validation process

my 2 cents. theres a reason they've been doing this for 4 decades in the real world by letting options/share payouts take time to vest.

get your facts right, dipshit, premined coins available:

http://explorer.spaincoin.org/address/SN53ACZTXEXHcKmrmNnt8i87HXw1nL5kSC
http://explorer.spaincoin.org/address/SMrv5huHD9wYRXex5PPWH5R8RNSdP2zmj2
http://explorer.spaincoin.org/address/SiGzqAuC6dqv7bg1rEzpgKcekB6VMaAgTu
http://explorer.spaincoin.org/address/SX8g9BvY8VBappPXoCenPSzQYzAb5MN238
http://explorer.spaincoin.org/address/SbNcmgXZJKLGWuP2FEKUrnmB6AU6yFVXKJ

you shouldn't need me to count them for you, as you have the requisite number of fingers

that would explain why the diff has been jumping from 100 to 700 lately...

SpainCoinDev: is there any way to make newly mined blocks mature after some large amount of time, like 2-4 weeks, while still having fast transaction confirmations? That way you can't just mine them and dump them, you have to hold for at least awhile

this is why companies have their stock options paid to employees vest over a certain long period, usually years. That way they can't just dump their options immediately.

if this is technically possible it would destroy the multipool problem, or at least cut its effect by quite a bit. it would only attract miners that are in for the long term.

what we're seeing here rt now is the "impatience discount"

it didn't go to $120/coin within 5 hours of launch so its clearly a scam

also, when is dev team gonna cure cancer??

 

exactly my point, those aggregates on the top of CR's book are bullshit

don't forget: you're the one who tried to use them as a meaningful metric earlier 

i would suggest scrolling down in the future

0.003 could be worse man :-)

my general advice to anyone buying/selling these coins is that they should be treated as call options. They have a high potential upside, but have a good chance of losing 99% of their value over the life of the trade. Thus, every amount you buy you should be willing to lose.

You should think about that before you make the trade, ask yourself "if it lost 100% of its value would I be able to trade another day and pay for essentials like food, gas, shelter?" and if the answer is yes then by all means make the trade and hold on to it.

The great part about these coins is its like having perpetual call options, so at ~30cents/coin, SPA's valuation is justified by its time value premium alone. a fucking steal, in fact, considering its still a baby coin. Also as we saw with AUR, while they may be low probability, there are some paths SPA could take with spectacular payouts.

so yeah tl;dr if you don't need the money to eat or pay rent, child support, etc then hold em. or don't... still nibbling myself at these levels and wouldnt mind buying more dirt cheap SPA

just curious, whats your average buy price?

c'mon now, don't jinx it... oh lord mr mkt he did not mean what he said 

looks awfully inviting on the ask side... don't be scurred ppl, its only 0 sell liquidity up to 0.002

EDIT:

bittrex has some eager beavers, someone just bought up to 0.00093 couples mins ago

+1 to that all day long

been trading mature financial markets for a decade (its what pays the bills) and by far the one behavior that has given me the most consistent long term opportunity to make money has been fading the shit out of exaggerated moves, esp panic up/dn moves

altcoin and bitcoin prices flock together against fiat money. Part of it is most altcoins are denominated in btc so it passes thru declines in btc immediately to altcoin. however, most altcoins have a much higher price volatility than btc, so always expect them to swing the direction of btc, but with greater magnitude.

of course, if theres altcoin specific news item thats driving prices, that can overwhelm any effect btc is having on the altcoin and destroy correlations

what evidence do you have that multipools have entered SPA? hashrate is sinking like a stone and i've been monitoring two big multipools for just such a risk:

https://www.ltcrabbit.com/index.php?page=altcoin
https://www.multipool.us/multiport_stats.php

and they are not mining SPA yet

just curious, i would def like to know if a multipool was at work

well for starters you could avoid posting EVERY one of your anxiety ridden shit fits, sit tight, and hold the coins you have bought, instead of freaking out in public. or you could just sell and stfu. not trying to be a dick here but youre 80% of the recent posts and they are all you pondering what an ass fucking you're receiving being long SPA, not exactly helping your, my, our cause here...

if you're so worried about it just dump it, i'm still buying incrementally lower. mining lowers the average cost of my position everyday, so panic away

difficulty is a parameter of the coin that determines how hard it is to find a block, i.e. how much hashing power it takes to generate any one coin

normally price and difficulty are cointegrated: a higher price attracts more miners, that raises difficulty. A lower price detracts miners and lowers difficulty. seeing price and difficulty move in opposite directions is odd

moreover, difficulty affects the tradeoff of mining vs buying the coin outright. if the diff is low you should mine the coin to acquire it. the higher the diff the more attractive it becomes to buy the coin rather than mine it

the difficulty is > 500 same as when SPA was $4-5/coin