Cryptotrader26
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July 17, 2016, 04:25:55 PM |
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Okay, that took me quite some time take in. Basically, were talking about a system that takes energy from one coin and moves it to another, and the same way around. This will result in a (medium to long-term) constant price in darksilk and fluctuating price in silk. Basically you're securitizing the currency with an asset, backed/managed by the Silk Network. Is this correct?
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Cryptotrader26
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July 17, 2016, 04:33:17 PM |
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sell me some more please  |
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OrsonJ
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July 17, 2016, 04:34:28 PM |
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The news means SILK's price is almost definitely going to be much higher than the prices it hit today in a few months. When people trade illogically, better to make money from it than to complain about it.  |
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leigh2k14
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Merit: 1000
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July 17, 2016, 04:36:01 PM |
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current price 1100 sat.
No release, market reacts.
How many people thought silk wallet was going to be out today?
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Orestes
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July 17, 2016, 04:36:06 PM |
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The news means SILK's price is almost definitely going to be much higher than the prices it hit today in a few months. When people trade illogically, better to make money from it than to complain about it. And even more so haha |
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Orestes
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July 17, 2016, 05:03:37 PM |
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Don't worry about price, by implemention price will fix itself. No matter the drop. |
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leigh2k14
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July 17, 2016, 05:08:40 PM |
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Looks like a few people here pumped and dumped on you. |
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Cryptotrader26
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July 17, 2016, 05:09:44 PM |
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I don't mind seeing the price drop  Would be awesome to see it go to 500 before (pre)release. Nice 6 April quote. I believe there were some coins sold then also. Looks like target's been reached |
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BrotherJ
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July 17, 2016, 05:19:49 PM |
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I don't day trade (day traders mostly lose). My average buy-in was 150 sats. I'm just talking smack and enjoying the ride. I won't be selling for quite some time. I personally think Silk hasn't left the station yet. Patience, grasshopper, patience. |
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Xtrata
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July 17, 2016, 05:37:36 PM |
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Seems like a lot of people thought price would go up even more and then some people dumped and then they just panic sold everything. I guess we have a few happy new owners of Silkcoin atm.
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Orestes
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July 17, 2016, 05:43:27 PM |
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Seems like a lot of people thought price would go up even more and then some people dumped and then they just panic sold everything. I guess we have a few happy new owners of Silkcoin atm.
Yup it still needs to stabilize. Buy support will return slowly and we will go from there. We are lucky that the coin is old so that pump and dump can not hijack the coin and leave it battered to a pulp. These dumps are to be expected i guess, long time holders might want to have their investments recovered or quick cash is made on these levels. The order books were thin but the volumes that have been dumped weren't that great, now the message needs to sink in and we are good to go! |
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leigh2k14
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Activity: 1288
Merit: 1000
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July 17, 2016, 05:45:40 PM |
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Seems like a lot of people thought price would go up even more and then some people dumped and then they just panic sold everything. I guess we have a few happy new owners of Silkcoin atm.
Yup it still needs to stabilize. Buy support will return slowly and we will go from there. We are lucky that the coin is old so that pump and dump can not hijack the coin and leave it battered to a pulp. These dumps are to be expected i guess, long time holders might want to have their investments recovered or quick cash is made on these levels. The order books were thin but the volumes that have been dumped weren't that great, now the message needs to sink in and we are good to go! I bet you dumped at 2400, good job to everyone who hyped this coin. |
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Xtrata
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July 17, 2016, 05:50:14 PM |
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Seems like a lot of people thought price would go up even more and then some people dumped and then they just panic sold everything. I guess we have a few happy new owners of Silkcoin atm.
Yup it still needs to stabilize. Buy support will return slowly and we will go from there. We are lucky that the coin is old so that pump and dump can not hijack the coin and leave it battered to a pulp. These dumps are to be expected i guess, long time holders might want to have their investments recovered or quick cash is made on these levels. The order books were thin but the volumes that have been dumped weren't that great, now the message needs to sink in and we are good to go! I bet you dumped at 2400, good job to everyone who hyped this coin. Nope, I did not. No reason to dump at 2400 when there is no buysupport at all, + we didnt have a release of something yet. Just dumb to sell at that price imo. And I want to know the ratio of slk ---> drkslk before I even consider selling. |
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OrsonJ
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July 17, 2016, 05:50:39 PM |
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Seems like a lot of people thought price would go up even more and then some people dumped and then they just panic sold everything. I guess we have a few happy new owners of Silkcoin atm.
Yup it still needs to stabilize. Buy support will return slowly and we will go from there. We are lucky that the coin is old so that pump and dump can not hijack the coin and leave it battered to a pulp. These dumps are to be expected i guess, long time holders might want to have their investments recovered or quick cash is made on these levels. The order books were thin but the volumes that have been dumped weren't that great, now the message needs to sink in and we are good to go! I bet you dumped at 2400, good job to everyone who hyped this coin. And good luck to everyone who doesn't understand or is too impatient to appreciate the gift we all got given today. |
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Orestes
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July 17, 2016, 05:52:22 PM |
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Seems like a lot of people thought price would go up even more and then some people dumped and then they just panic sold everything. I guess we have a few happy new owners of Silkcoin atm.
Yup it still needs to stabilize. Buy support will return slowly and we will go from there. We are lucky that the coin is old so that pump and dump can not hijack the coin and leave it battered to a pulp. These dumps are to be expected i guess, long time holders might want to have their investments recovered or quick cash is made on these levels. The order books were thin but the volumes that have been dumped weren't that great, now the message needs to sink in and we are good to go! I bet you dumped at 2400, good job to everyone who hyped this coin. I haven't dropped a single coin and i'm still staking, no worries mate. We are a penny stock with a market cap of $ 354,862 these things happen. The news, if correctly interpreted, should move incentives to an equilibrium between DarkSilk/Silk. If you have questions, shoot, thats what I'm here for!  edit: my main concern for today is to make sure you guys understand the implications of it all, we remain very confident about it. |
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Xtrata
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July 17, 2016, 06:03:30 PM |
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Seems like a lot of people thought price would go up even more and then some people dumped and then they just panic sold everything. I guess we have a few happy new owners of Silkcoin atm.
Yup it still needs to stabilize. Buy support will return slowly and we will go from there. We are lucky that the coin is old so that pump and dump can not hijack the coin and leave it battered to a pulp. These dumps are to be expected i guess, long time holders might want to have their investments recovered or quick cash is made on these levels. The order books were thin but the volumes that have been dumped weren't that great, now the message needs to sink in and we are good to go! I bet you dumped at 2400, good job to everyone who hyped this coin. I haven't dropped a single coin and i'm still staking, no worries mate. We are a penny stock with a market cap of $ 354,862 these things happen. The news, if correctly interpreted, should move incentives to an equilibrium between DarkSilk/Silk. If you have questions, shoot, thats what I'm here for! edit: my main concern for today is to make sure you guys understand the implications of it all, we remain very confident about it. Do we get to know in the end of the month about the ratio of Slk to Drkslk? |
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Orestes
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July 17, 2016, 06:05:21 PM |
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Do we get to know in the end of the month about the ratio of Slk to Drkslk?
The ratio will be determined by market price. But to share the Gold analogy DarkSilk is to money (currency product) as Silk is to gold (investment asset) so you would be switching gold for money |
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drizzle2405
Legendary
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Activity: 1148
Merit: 1000
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July 17, 2016, 06:25:40 PM |
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Do we get to know in the end of the month about the ratio of Slk to Drkslk?
The ratio will be determined by market price. But to share the Gold analogy DarkSilk is to money (currency product) as Silk is to gold (investment asset) so you would be switching gold for money Based on that, SLK would be of higher value than DRKSLK. |
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