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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph
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on: March 06, 2014, 12:30:34 PM
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I went in with 11k 15k and 9k. I am wondering now. What should i do the bring my avarage price down. Buy now? How low would it go.
Buying at 4700 would certainly lower your average cost. That number has popped up several times already today. Bought some for 5500. And now aiming for a little lower.  I want it to go to 3900... and then to 39000  just dreaming, of course That's 10x. Some of us got 25x (2500%) on the rush, before the major crash. I know, and I hope that it was only first wave, more rush to come later. Just a little analysis of latest 2 days can show you that more rush is coming - I won't say that 'it will reach 100M market cap by Friday', but another 10x-20x are really possible. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph
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on: March 06, 2014, 11:50:15 AM
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I made some calculations regarding mining difficulty and profitability.
In all these days, it was ridiculously profitable to mine the coin. Now the difficulty increased 50xfold to 40 million. Right now it's harder to mine Maza than Bitcoin, if you consider value. Thus, it is totally undervalued. Buy cheap, if you believe in it.
And remember: hashrate is now from 700 TH to 1000 TH. BTC hashrate is 28 TH. So MZC hashrate is 2.5% to 3.5% from BTC's, just imagine! I don't say that price should be straightly tied to hashrate, but just compare: price is 0.00007 from BTC, hashrate is 0.025 from BTC. 350 to 500 times!
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph
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on: March 06, 2014, 09:51:48 AM
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What people do, and the whales make BANK off of this, people look at the big box that says "LAST PRICE" and no matter what it says they treat it like Gospel. They do not know how to read the order books or they are numerically illiterate and don't belong here anyway. Had they read the order books like you did they would have seen that the price was not dropping. But they see the LAST PRICE in big writing, assume that is what EVERYONE is selling for and they just click to dump everything at that price, because the website pre-fills it for you.
matches with In current dificulty, 0.00006 gives miner less profit comparing to other alternative.
And remember: hashrate is now from 700 TH to 1000 TH. BTC hashrate is 28 TH. So MZC hashrate is 2.5% to 3.5% from BTC's, just imagine! I don't say that price should be straightly tied to hashrate, but just compare: price is 0.00007 from BTC, hashrate is 0.025 from BTC. 350 to 500 times! You missed one very important fact that 50% premined MZC coin had no any cost. If the preminer doesn't dump the coins, then your conclusion has some sense. I remember that. But: 1. Hashrate itself cannot be related to premine 2. MZC is a rare case when the dev and the main supporter are public persons or communities. And exchanges don't have even 10% of volume to dump the premine |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph
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on: March 06, 2014, 09:46:18 AM
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Guys, I am not a good trader, however, I can tell you one trading rule I learned in the past from a successfull trading strategy on betfair:
When you buy at X, and X goes down to X/2, or any other down value, so you are on loss, not only do not sell (even not think about this!), BUY DOUBLE AMOUNT OF THE FIRST AMOUNT AT THE LOWER PRICE!!! This way if it goes up again you will very fast recvoer the first loss! If it goes down again... it should happen really rarely and you still need to account your risk and never trade with 100% of your money. But if it starts to go just a bit downer than the second buy, exit quickly with a small loss from the second buy. But rememebr, generally after big drop a pump is coming, regardless of its size. It's all on swings....
Exactly. Sometimes this strategy doesn't work with 100% scamcoins (but not always!). After several losses at the beginning of my 'cryptocurrency experience' I was making such mistakes, but then I learned from them. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph
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on: March 06, 2014, 09:42:32 AM
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What people do, and the whales make BANK off of this, people look at the big box that says "LAST PRICE" and no matter what it says they treat it like Gospel. They do not know how to read the order books or they are numerically illiterate and don't belong here anyway. Had they read the order books like you did they would have seen that the price was not dropping. But they see the LAST PRICE in big writing, assume that is what EVERYONE is selling for and they just click to dump everything at that price, because the website pre-fills it for you.
matches with In current dificulty, 0.00006 gives miner less profit comparing to other alternative.
And remember: hashrate is now from 700 TH to 1000 TH. BTC hashrate is 28 TH. So MZC hashrate is 2.5% to 3.5% from BTC's, just imagine! I don't say that price should be straightly tied to hashrate, but just compare: price is 0.00007 from BTC, hashrate is 0.025 from BTC. 350 to 500 times! |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph
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on: March 06, 2014, 09:10:56 AM
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It sounds to me like the players behind this pump and dump just used all the recent media attention to make us pump the price up while they just sold their stash into it. And now we're left holding the bag.
More and more media attention is there, more twitter posts and big portal news. 8.2 BTC to buy all orders up to 12k sat on minpal right now. Damn, with 1000+ BTC 24hr volume it's peanuts. Think about it.
half is lost now. yeah, but someone presses the price down all the time. It's not an ordinary dump, I'm sure. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph
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on: March 06, 2014, 08:32:40 AM
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I bought in as it came on mintpal, @10k sat, and one day later i've lost half my money, ffs!
sell sell sell.
Anyone selling now is making a huge mistake.
Go back and read the aurora thread - don't make the same mistake. Even coins like that with anon owners and little hype can shoot to 84$, you think a coin covered by the verge won't hit at least 1$? Bitch please.
Man, I see very many newcomers here. It is a typical mistake - newcomer sees new coin with hype that is beginning around it. He buys it, then sees that price dropped 2x-5x, panics, sells, sees price rising, kicking himself in the ass. I've bought it at 100, 180 and 200 and is still calm and rather confident that its value will rise a lot  |
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And i think it will drop even more... until all the weak holders are gone. 
