|
Yeah, there is definitely some market manipulation going on at Poloniex now. Altcoins attract this sort of behavior when the price goes up.
My advice? If you have sells on the exchange, then sell damn high. Otherwise hang tight. Don't be fooled by market manipulators. Someone wants to get their hands on your valuable PMC. Don't let them get cheap PMC. The days of cheap PMC are over.
|
|
|
|
I Love the idea behind this cooin, with the fast PoW to PoS transition. If things dont improve I'm thinking on getting a group of DEVS together and launching an alternative coin with the same features.
I wont post on this thread any more, good luck to everyone.
The free market at work. Just the way it should be. Good ideas should propagate. If it weren't for the wallet issues this coin could be huge. I don't blame you for your doubts. If the wallet isn't fixed by the next coin halving I will be selling my coins and moving on too. I still believe the coin has potential though, so I will wait until next week. |
|
|
|
anyone know how to safely have more than one wallet on the same computer? I'd like to open a new one for the charity instead of using mine with trade history already
Run Your favourite OS in a VM. not an easier way? =o how about just on a different account on my windows machine? I noticed everything was saved onto username/%appdata%, so would a new windows account safely store a 2nd wallet? Different user should do, too, I guess  Do backups of Your wallets, as always  Easiest way: Create a copy of Your current wallet. Copy it to a save place. Delete the wallet.dat. Start the qt. It will create a new wallet. Copy it to a save place. You got two wallet.dat files now. Exchange them whenever You need to. Bit risky, but works. Yeah, I don't like that at all. It's cumbersome and you could mess up and copy the wrong wallet, overwrite one or god knows what else. I posted a simple solution back a page; My method above works a treat. If you have any difficulties following my instructions let me know and I'll try to make it clearer. It's dead simple. Or you could create a new wallet account and use the debug window command; sendfrom <fromaccount> <topremineaddress> No need for an additional wallet. Just create a new address in your wallet and send your coins from that address. |
|
|
|
I have noticed I get a lot of resistance from those who are more into finding quality coins over pop coins, the main reason is the name. They associate it with the negatives like Maxcoin, etc.
I wonder if a more appropriate and descriptive name would be Postmine? Since it is post mining and relying on tx fee's.
I think the name is fine. Premine is a term. It's neither good or bad. People associate Premine with something negative, but in truth the majority of coins have one, and you can't get away with anything more than a 1% Premine now because people just won't stand for it, so I think the negative connotations are slowly dying away. In truth changing the name would confuse a lot more people and make them ask a lot more questions. Premine is easy to explain. PMC isn't like other coins so it has to be explained. The name can also be explained. I think the name is perfectly fine. We should embrace it and make it our own. We're already making a name for ourselves. Changing it now would be disastrous. I think it's a gutsy move and the name really stands out. I like it just the way it is. |
|
|
|
My guess from observing Poloniex for the last hour: The guy that dumped into the 40k wall and set up his own wall at 33k to buy in again has now lowered his sellwall to 30k and is trying to push the others into selling into him by creating a few new offers gradually lowering the price. Keep in mind that there was no reasonable sell before this. Your thoughts?
I think you're right about that. Someone is definitely up to something lol. I think I'm going to try and stop watching until tomorrow. By now there aren't many people willing to play that game so He's either going to have to dump, which we'll recover from, or just give up. Another tactic, which is more likely to happen: remove his buywall, dump his remaining coins, reset the buywall at a much lower price (now that the buy offers are gone) implying a lower price and thus gaining more coins. People will manipulate the price up or down to suit their needs and desires. There is one very simple tactic to avoid all this; keep your coins in your wallet and hold. Good call, as with all coins: don't panic sell when the price drops. It will recover eventually and we are not on top of a pump here It's a fine line between being a bag holder and a weak hand, but basically if you feel emotional, walk away and take a breather. You need to think with your head. The first thing you should ask yourself when the price goes up or down is; why is the price going up or down? The second question is this; will it continue going up or down? The third question is; will the trend reverse? You've got to learn to spot market manipulation from genuine trends. There's absolutely no reason for Premine to go down right now other than manipulation and low daily volume. Premine is in an extremely healthy state. Bag holder - someone who holds their coins for too long as the continue to lose value and do not recover Weak hand - someone who sells their coins when the price goes down expecting a trend when in fact it is a short term event and the trend reverses |
|
|
|
|
This dust tactic..I see it all the time.
Are people really not paying attention to the amounts being bought and sold? It's plain to see when someone's manipulating the price by tiny buy/sell ping pong transactions.
|
|
|
|
My guess from observing Poloniex for the last hour: The guy that dumped into the 40k wall and set up his own wall at 33k to buy in again has now lowered his sellwall to 30k and is trying to push the others into selling into him by creating a few new offers gradually lowering the price. Keep in mind that there was no reasonable sell before this. Your thoughts?
I think you're right about that. Someone is definitely up to something lol. I think I'm going to try and stop watching until tomorrow. By now there aren't many people willing to play that game so He's either going to have to dump, which we'll recover from, or just give up. Another tactic, which is more likely to happen: remove his buywall, dump his remaining coins, reset the buywall at a much lower price (now that the buy offers are gone) implying a lower price and thus gaining more coins. People will manipulate the price up or down to suit their needs and desires. There is one very simple tactic to avoid all this; keep your coins in your wallet and hold. |
|
|
|
My guess from observing Poloniex for the last hour: The guy that dumped into the 40k wall and set up his own wall at 33k to buy in again has now lowered his sellwall to 30k and is trying to push the others into selling into him by creating a few new offers gradually lowering the price. Keep in mind that there was no reasonable sell before this. Your thoughts?
Sounds like a typical tactic to increase your altcoin holdings by price manipulation. It's bound to happen eventually. All the more reason we need to get on bigger exchanges with higher volume to avoid these cheap tactics. |
|
|
|
My method above works a treat. If you have any difficulties following my instructions let me know and I'll try to make it clearer. It's dead simple. Or you could create a new wallet account and use the debug window command; sendfrom <fromaccount> <topremineaddress> |
|
|
|
Basically this coin has a lot going for it, with one exception. It needs AN ACTIVE DEV.
Seriously worse coins with nothing innovative are worth more because of active community devs, good web sites, places to buy and spend the coins. That's how you build value in a coin.
This coin has a large trade volume considering it's not even a couple of weeks old, the dev's need to concentrate on getting the other bits in place and the price will increase substantially.
Agreed: Pandacoin (PANDA) has practically nothing over Doge, same block reward as Mint (before halving) and even more max coins but is being traded for like 70-80 sat on Mintpal Oo Yes but thats because the difficulty is very high, so its way harder to get then mintcoin at the moment. So for mintcoin that just doesnt happen that quick, the difficulty is still low and for decent videocards you can still get alot of mint. BUT in a few weeks when the difficulty is higher and the rewards have been halved a few times, expect the price to rise. so with the only Dev gone, is this coin now dead? One of the devs posted a few pages back about a wallet update. The coin is 10 days old and the thread has 113 pages. To call it dead is ridiculous.  The wallet does not synchronise for most of the users, and the Developer, if still there is one has done nothing about that. Maybe he sold his coins and is done with it. Notice the site, it took 5 minutes to create. Dev team? lol. I agree the wallet connection issue is a major problem, and the dev seems to understand the urgency of this. He responded today, so I'm willing to give him the benefit of the doubt, but I will be very concerned if it's not fixed by next week. This is a fast moving coin this this problem needs to be addressed asap. Also; I work in C++ and PHP, but I couldn't make a pretty looking website. It could be a small dev team, and developers often specialise in certain areas. Most altcoin websites are just fancy link placeholders anyway. |
|
|
|
anyone know how to safely have more than one wallet on the same computer? I'd like to open a new one for the charity instead of using mine with trade history already
Yep. I had to figure out a way to do this for my Block Rewarder. 1: Go to C:\Users\username\AppData\Roaming\Premine and copy the entire folder. Paste a copy of it, and rename it to whatever you like. Go into that folder then delete the copied wallet.dat. You'll want to generate a new one. You need a seperate folder for this to work. Keep everything else in there. 2: Where your wallet qt exe is stored, create a shortcut of it. 3: Right click the shortcut and select properties. Where is says target, add this onto the end of the address; -datadir=C:\Users\users\AppData\Roaming\foldername Mine looks like this; C:\Wallets\premine_0.8.6-win32\premine-qt.exe -datadir=C:\Users\username\AppData\Roaming\Blockrewarder Blockrewarder is my copy of my roaming data folder for Premine. I just delete the copy of the wallet so it generates a new one. Treat the wallet link as a seperate wallet. Obviously don't delete your original wallet, and make a backup of your wallet before attempting this. I've also never ran both wallets at once. I have no idea what would happen. But running them on their own is fine. |
|
|
|
Why do I get the feeling someone is trying to get some people are trying to scare people into dumping  It guess it works both ways. Just look at the chat window on mcxnow for maxcoin. It's a circus for that kind of thing. Well maxcoin had such a screwed up launch, I don't know how they kept any momentum. Hype, basically. Even if today's prices aren't maintained, I'm sure PMC has exchanged a good few hands today, and at some good prices too. This sets precedents for future trades. PMC got some great trade volume and publicity today at the very least. Everything else is a bonus. To jump from around 100th to 87th in a few hours on coinmarketcap is also pretty fantastic. It might just be me, but I feel like the jump we saw today was just the beginning. In less than 12hrs we moved more coins than we have almost this entire week. As we climb in rank on Coinmarketcap I think the prices and volume will both rise. Could just be me though lol. Well, it does at least show PMC's massive potential. The fact that I was actually holding 2.5 BTC worth of sellable PMC today didn't even phase me, and that's more BTC than all the other altcoins I have combined,. |
|
|
|
Basically this coin has a lot going for it, with one exception. It needs AN ACTIVE DEV.
Seriously worse coins with nothing innovative are worth more because of active community devs, good web sites, places to buy and spend the coins. That's how you build value in a coin.
This coin has a large trade volume considering it's not even a couple of weeks old, the dev's need to concentrate on getting the other bits in place and the price will increase substantially.
Agreed: Pandacoin (PANDA) has practically nothing over Doge, same block reward as Mint (before halving) and even more max coins but is being traded for like 70-80 sat on Mintpal Oo Yes but thats because the difficulty is very high, so its way harder to get then mintcoin at the moment. So for mintcoin that just doesnt happen that quick, the difficulty is still low and for decent videocards you can still get alot of mint. BUT in a few weeks when the difficulty is higher and the rewards have been halved a few times, expect the price to rise. so with the only Dev gone, is this coin now dead? One of the devs posted a few pages back about a wallet update. The coin is 10 days old and the thread has 113 pages. To call it dead is ridiculous. |
|
|
|
Why do I get the feeling someone is trying to get some people are trying to scare people into dumping It guess it works both ways. Just look at the chat window on mcxnow for maxcoin. It's a circus for that kind of thing. Well maxcoin had such a screwed up launch, I don't know how they kept any momentum. Hype, basically. Even if today's prices aren't maintained, I'm sure PMC has exchanged a good few hands today, and at some good prices too. This sets precedents for future trades. PMC got some great trade volume and publicity today at the very least. Everything else is a bonus. To jump from around 100th to 87th in a few hours on coinmarketcap is also pretty fantastic. |
|
|
|
People keep saying things about copyright, so I feel I need to point this out:
Copyright only applies to forms of intellectual property, I.E.: Sound recordings/music, pictures, movies and books.
You cannot copyright a surname. (I.E. "Keiser")
The only copyright claim you may have against you is from the person who took the photo of Max Keiser that you used in the logo, but since the image has become altered from the original and was pulled from the internet, its likely that this falls under "Fair-Use".
Pretty much, but I'll be glad when the wallet is updated with one of the swanky new logos designed by the community. |
|
|
|
Why do I get the feeling someone is trying to get some people are trying to scare people into dumping It guess it works both ways. Just look at the chat window on mcxnow for maxcoin. It's a circus for that kind of thing. |
|
|
|
|
Like I said earlier I don't know which way the price will go from here, but the price increase coincided with the news of being listed on coinmarketcap, and coins do go up when big news hits.
|
|
|
|
Giveaways of 100 PMC at this stage would seem insane, I bought most of my PMC so not tempted to just give them to people who might be selling them 5 minutes later. I tracked most high dumps to give aways at the beginning of this thread, so sad. I'm spreading by generating transaction fees from my stack of PMC, so get mining and you'll have some sooner or later Yes, this really does seem the only viable way to distribute PMC now, as you still have to earn the coins via Proof of Work. I did warn very early on and throughout the thread that once the value reached a certain point giving away the coins for free would cease. |
|
|
|
Giveaways of 100 PMC at this stage would seem insane, I bought most of my PMC so not tempted to just give them to people who might be selling them 5 minutes later. I tracked most high dumps to give aways at the beginning of this thread, so sad. I'm spreading by generating transaction fees from my stack of PMC, so get mining and you'll have some sooner or later Yes, this really does seem the only viable way to distribute PMC now, as you still have to earn the coins via Proof of Work. I did warn very early on and throughout the thread that once the value reached a certain point giving away the coins for free would cease. |
|
|
|
I doubt there are still ppl left willing to dump at that price but he can try ofc It's unlikely, but who knows. We're talking big money now. Someone may fold. Prices are still meaningless. Imagine the price when we're near the top of coinmarketcap. Heck, even halfway up and that order would look like small change. Big order on Poloniex, someone wants to buy 5540 PMC @ 0.00041 worth 2.2714 BTC  A picture speaks a thousand words; [image removed] It's actually making me a little nervous now. PMC is really going up. It's not necessarily one buyer. Poloniex combines all orders set at the same rate on that screen. Which is a good thing, of course. |
|
|
|
|
Show Posts
