ShowmeDmoney
Newbie
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Activity: 3
Merit: 0
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June 03, 2015, 05:29:08 PM |
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so i invested 20btc + on 10k... than swap to teeth only got 2600... and now that 2600 teeth worth 0.5 btc... wtf is going on? You only have yourself to blame as it seems you are too attached to your coins. You have to assess these things all the time and get out when it is high and get back in when it is low. Very few coins can be kept all the time for long term and never get in and out. There are those but very few. There were two correct strategies for 10k/Teeth. You could have sold your 10k stake regularly in the beginning and then when the price was low raked up some stash before the swop. Then swop it for Teeth and immediately sold all of the Teeth while it was going from 600k to 100k and then buy back at 30-40k. An alternative strategy was to keep all your 10k but sell Teeth immediately after the swop between 600k-100k and then buy back now. Both strategies would put you at 10-20x your original investment, however there was not enough Teeth demand for strategy B and definitely not enough to offline 2600 Teeth. Strategy A worked the best with small tx throughout the process. Your next mistake was putting 20 BTC into a single altcoin. There is never enough volume to play with 20BTC in legitimate trading, meaning excluding pump group action. You cannot manoeuvre with that amount and cannot safely get out if needed. You must put in 1-2 BTC as there is normally enough volume to safely exit at short notice if need be. Rather take the rest of your 20BTC and put it in different coins to spread your risk. Teeth is probably at its low point now and is starting to look more of a longer term coin. Remember that the altcoin market likes action and as everyone knows Spots, he puts an effervescent tablet in the glass from time to time to spice things up. Dev action/non-action is one of the most important things driving coin price. Teeth will probably not go lower than 10k sats unless people that talk like you start panic selling. In my previous assessment I put Teeth at 50-70k with an additional up to 30k allocated as goodwill to Spots. It traded in that range for some time. In the absence of factors like high POS, swops and other attributes that causes high volatility its new range for the time being is 10k-40k, until Spots puts the next tablet in the glass. Spots has proved to be a solid, no-nonsense dev looking after his coins and their holders and is a very important factor for the future of a coin. The future of his 4 coins are therefore more optimistic over the longer term compared to others that are around and there seems to be regular R&D going on by Spots & Co. An important factor to keep in mind is the ability that Spots has developed to be able to manoeuvre the direction and attributes of a chain with little effort and impact to the integrity of the chain, which might look insignificant now but is an important requirement to apply monetary policy in a digital world. For the rest, it is up to the individual holders to spot opportunities along the way. Remember that dev action creates volume, volume creates volatility, volatility creates opportunity and opportunity creates profit. Apart from this you have to apply common sense, do not give in to greed and do not do anything before assessing the risk. One last point - there comes a time where it does not matter if you hold 100k or 1.5m of a coin as it makes no difference. If you understand this then you have come a long way. shit story
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jc12345
Legendary
Offline
Activity: 1638
Merit: 1013
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June 03, 2015, 07:20:52 PM |
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so i invested 20btc + on 10k... than swap to teeth only got 2600... and now that 2600 teeth worth 0.5 btc... wtf is going on? You only have yourself to blame as it seems you are too attached to your coins. You have to assess these things all the time and get out when it is high and get back in when it is low. Very few coins can be kept all the time for long term and never get in and out. There are those but very few. There were two correct strategies for 10k/Teeth. You could have sold your 10k stake regularly in the beginning and then when the price was low raked up some stash before the swop. Then swop it for Teeth and immediately sold all of the Teeth while it was going from 600k to 100k and then buy back at 30-40k. An alternative strategy was to keep all your 10k but sell Teeth immediately after the swop between 600k-100k and then buy back now. Both strategies would put you at 10-20x your original investment, however there was not enough Teeth demand for strategy B and definitely not enough to offline 2600 Teeth. Strategy A worked the best with small tx throughout the process. Your next mistake was putting 20 BTC into a single altcoin. There is never enough volume to play with 20BTC in legitimate trading, meaning excluding pump group action. You cannot manoeuvre with that amount and cannot safely get out if needed. You must put in 1-2 BTC as there is normally enough volume to safely exit at short notice if need be. Rather take the rest of your 20BTC and put it in different coins to spread your risk. Teeth is probably at its low point now and is starting to look more of a longer term coin. Remember that the altcoin market likes action and as everyone knows Spots, he puts an effervescent tablet in the glass from time to time to spice things up. Dev action/non-action is one of the most important things driving coin price. Teeth will probably not go lower than 10k sats unless people that talk like you start panic selling. In my previous assessment I put Teeth at 50-70k with an additional up to 30k allocated as goodwill to Spots. It traded in that range for some time. In the absence of factors like high POS, swops and other attributes that causes high volatility its new range for the time being is 10k-40k, until Spots puts the next tablet in the glass. Spots has proved to be a solid, no-nonsense dev looking after his coins and their holders and is a very important factor for the future of a coin. The future of his 4 coins are therefore more optimistic over the longer term compared to others that are around and there seems to be regular R&D going on by Spots & Co. An important factor to keep in mind is the ability that Spots has developed to be able to manoeuvre the direction and attributes of a chain with little effort and impact to the integrity of the chain, which might look insignificant now but is an important requirement to apply monetary policy in a digital world. For the rest, it is up to the individual holders to spot opportunities along the way. Remember that dev action creates volume, volume creates volatility, volatility creates opportunity and opportunity creates profit. Apart from this you have to apply common sense, do not give in to greed and do not do anything before assessing the risk. One last point - there comes a time where it does not matter if you hold 100k or 1.5m of a coin as it makes no difference. If you understand this then you have come a long way. shit story Yes, the truth is always **** to hear.
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Kyle1836
Member
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Activity: 112
Merit: 10
★YoBit.Net★ 100+ Coins Exchange & Dice
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June 03, 2015, 09:28:43 PM |
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Yeah, I'd buy. Anytime you can get a 10% discount or more, from the original price that it's been staying around, do so. It's a great coin, I trust all my excess money with this coin. It's on it's road to recovery and you won't regret it!
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taxmanmt5
Legendary
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Activity: 1190
Merit: 1024
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June 03, 2015, 10:56:03 PM |
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Yes MMXIV is getting strongerand also with the hard fork which is going to get hit in lil less than 4 weeks mmxiv price gonna get stabilized soon Get it soon un small chunks and stake as the price atm is discounted
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iGotSpots (OP)
Legendary
Offline
Activity: 2548
Merit: 1054
CPU Web Mining 🕸️ on webmining.io
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June 03, 2015, 11:25:58 PM Last edit: June 03, 2015, 11:43:06 PM by iGotSpots |
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Don't forget.. we're back! There's also a new Twitter that will probably post quite a bit https://twitter.com/GorillaExchange
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taxmanmt5
Legendary
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Activity: 1190
Merit: 1024
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June 04, 2015, 01:57:39 AM |
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Awesome with Gorilla Exchangfe getting back we might see major movement in IGOT coins On da other hand MMXIV is slowly but surely raising and at one point it did touch 6k sats yesterday
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illuSionRiDer
Member
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Activity: 103
Merit: 10
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June 04, 2015, 03:27:08 AM |
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Awesome with Gorilla Exchangfe getting back we might see major movement in IGOT coins On da other hand MMXIV is slowly but surely raising and at one point it did touch 6k sats yesterday Yes!! it's gonna be at 10K in real soon [/url][/img]
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taxmanmt5
Legendary
Offline
Activity: 1190
Merit: 1024
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June 04, 2015, 01:36:51 PM |
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MMXIV buy wall is getting stronger whereas the sell wall is becoming thinner Guess its right time for guys to claim some coins and use it for further movement
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illuSionRiDer
Member
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Activity: 103
Merit: 10
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June 04, 2015, 02:59:03 PM |
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MMXIV buy wall is getting stronger whereas the sell wall is becoming thinner Guess its right time for guys to claim some coins and use it for further movement Yeah.. love to see this!! I think it's gonna be the right time for MMXIV
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taxmanmt5
Legendary
Offline
Activity: 1190
Merit: 1024
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June 04, 2015, 04:23:13 PM |
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Guys did anyone try contacting merchants as mmxiv is now accepted by various merchants I hope with the new exchange and with new avenues of profits MMIV gonna rock the future and reach to its past glory
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iGotSpots (OP)
Legendary
Offline
Activity: 2548
Merit: 1054
CPU Web Mining 🕸️ on webmining.io
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June 04, 2015, 05:50:00 PM |
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Guys did anyone try contacting merchants as mmxiv is now accepted by various merchants I hope with the new exchange and with new avenues of profits MMIV gonna rock the future and reach to its past glory Correct, and being on CoinPayments.net, all the merchants have to do to get free advertising on GorillaStake.com (which gets great traffic) is to turn on MMXIV There's a list of merchants that use CoinPayments on their website. Anyone who gets a new merchant to accept us should PM me their link and your MMXIV address so I can give you a reward for getting a merchant on board
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iGotSpots (OP)
Legendary
Offline
Activity: 2548
Merit: 1054
CPU Web Mining 🕸️ on webmining.io
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June 04, 2015, 09:18:51 PM Last edit: June 04, 2015, 09:57:37 PM by iGotSpots |
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New market added to GorillaEx BananaBits added to GorillaStake.com
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anotherlateminer
Legendary
Offline
Activity: 1415
Merit: 1003
Bagholder. Hodling shit since 2014
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June 04, 2015, 10:19:06 PM |
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Hello.
I've been offline for some time, so I haven't been following the news. Now I'm trying to login Gorilla.Exchange and what I get is: "No accounts with that username!." What's up? I had swapped TEETH there.
Thanks.
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pjcltd
Legendary
Offline
Activity: 1778
Merit: 1003
NodeMasters
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June 04, 2015, 10:22:40 PM |
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Hello.
I've been offline for some time, so I haven't been following the news. Now I'm trying to login Gorilla.Exchange and what I get is: "No accounts with that username!." What's up? I had swapped TEETH there.
Thanks.
you need to setup a new account on the exchange
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anotherlateminer
Legendary
Offline
Activity: 1415
Merit: 1003
Bagholder. Hodling shit since 2014
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June 04, 2015, 10:35:17 PM |
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Hello.
I've been offline for some time, so I haven't been following the news. Now I'm trying to login Gorilla.Exchange and what I get is: "No accounts with that username!." What's up? I had swapped TEETH there.
Thanks.
you need to setup a new account on the exchange I did it, and my balance is zero, of course. Had the coins gone forever?
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pjcltd
Legendary
Offline
Activity: 1778
Merit: 1003
NodeMasters
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June 04, 2015, 10:38:51 PM |
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Hello.
I've been offline for some time, so I haven't been following the news. Now I'm trying to login Gorilla.Exchange and what I get is: "No accounts with that username!." What's up? I had swapped TEETH there.
Thanks.
you need to setup a new account on the exchange I did it, and my balance is zero, of course. Had the coins gone forever? the old server had issues and we gave over 2 weeks notice for everyone to withdraw there coins how many coins did you have on the old server ?
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anotherlateminer
Legendary
Offline
Activity: 1415
Merit: 1003
Bagholder. Hodling shit since 2014
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June 04, 2015, 10:45:48 PM |
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Hello.
I've been offline for some time, so I haven't been following the news. Now I'm trying to login Gorilla.Exchange and what I get is: "No accounts with that username!." What's up? I had swapped TEETH there.
Thanks.
you need to setup a new account on the exchange I did it, and my balance is zero, of course. Had the coins gone forever? the old server had issues and we gave over 2 weeks notice for everyone to withdraw there coins how many coins did you have on the old server ? I looked at the current price and I realize that there is nothing to worry about: ~10 TEETH worth .0025 BTC, so they were worthless. Thank you for your fast replies.
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neordicICE
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June 05, 2015, 12:45:39 AM |
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Hello.
I've been offline for some time, so I haven't been following the news. Now I'm trying to login Gorilla.Exchange and what I get is: "No accounts with that username!." What's up? I had swapped TEETH there.
Thanks.
you need to setup a new account on the exchange I did it, and my balance is zero, of course. Had the coins gone forever? the old server had issues and we gave over 2 weeks notice for everyone to withdraw there coins how many coins did you have on the old server ? I looked at the current price and I realize that there is nothing to worry about: ~10 TEETH worth .0025 BTC, so they were worthless. Thank you for your fast replies. worthless? No. They are worth something to me.
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