Terracoin profitability at 488%

[CryptoJunky]

Looks like someone just bought up some Terracoin on Vircurex. According to dustcoin it's profitability rating is at 488%.

[Walter Rothbard]

Terracoin last on Vircurex is 0.0005 BTC.  That's the highest I've ever seen it.  And this is after the worst TRC week I've ever seen.  

[neotrix]

I think such volume isn't signifiant enought but nice shot anyway

[CryptoJunky]

And it's dropped back down to 194%. I think Terracoin may have just experienced it's first bubble. 

[neotrix]

And it's dropped back down to 194%. I think Terracoin may have just experienced it's first bubble. 

Or just a stupid and isolated buy order

[jar]

There has been repeated stupid buy orders.  The volume is relatively low (~10BTC) but someone really wants TRC.  Or they're artificially pumping the price in order to dump TRC later.  Or perhaps they're divesting from BTC because they're speculating a BTC market crash?  Something's fishy.

[crazy_rabbit]

I think it's more likely that with BTC crazy high, we are seeing an overflow from the BTC market. A lot more people have BTC now then just a few months ago and they are probably interested in speculating a bit. Considering how low TRC is currently, just a few BTC in now could pay off big time. Eventually we will see BTC miners coming over to more alt-coins, and surprisingly there are still people interested in building mining rigs and mining. So, the future looks bright!

[markm]

Yes, I expect too that GPUs will continue to be useful not only for Litecoin but also for merged-mining, sure you don't get a whole lot of bitcoins but you get a heck of a lot of various under-the-radar coins that could pay of big time when they finally come into the spotlights.

-MarkM-