jayjay2244 (OP)
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May 06, 2013, 03:47:00 PM |
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Wow 3 pages already, and it looks like its hit rock bottom and is starting to rise  |
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jayjay2244 (OP)
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May 06, 2013, 04:44:30 PM |
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Looks like its going to be option 2 : "stablize slowly and over time up"
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Coinbanker
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bitcoin supporter
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May 06, 2013, 04:46:12 PM |
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Maybe Pump and Dump mafias wont allow it survive.
They're attacking CNC pools to mine themselves, pumping and dumping repeatedly. nasty.
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Donate: 167TvxJb6zSeyd5C921r5CR9Ht91ioZdQM
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jayjay2244 (OP)
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May 06, 2013, 04:51:09 PM |
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Maybe Pump and Dump mafias wont allow it survive.
They're attacking CNC pools to mine themselves, pumping and dumping repeatedly. nasty.
Tut tut, is this really how scrypt kiddies make there money these days? |
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MinerLT
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May 06, 2013, 06:38:15 PM |
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Success doesn't come to you…you go to it
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jayjay2244 (OP)
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May 06, 2013, 06:40:32 PM |
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What do you mean by this? XD |
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garumaru
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May 06, 2013, 06:41:27 PM |
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Hitting the wall and fall.
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BTC - 19zLbgtvGUttFiT9LXY8XAw1gGRiwXQap4
DGC - DM2qB66qAetszRtQACX683Vd7Bgd6sUsRB
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hadrian
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May 06, 2013, 06:43:04 PM |
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There will be at least a few pump and dump rounds
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digitalindustry
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May 06, 2013, 06:53:16 PM |
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What do you mean by this? XD I think he means that a black chick will get on the back of CNC - CNC will be dressed as a large bear - and CNC will run for a while then run head long into some large object ! at that point he Black chick will fall off . CNC (still dressed as bear) will turn and look at her. then end. trade appropriately. : D sorry edit Chick will wave flag on back of CNC. - that bit is important ! |
- Twitter @Kolin_Quark
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Smint
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May 06, 2013, 06:54:14 PM |
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Even at the current price (0.0017) its still the most efficient coin to mine and sell according to coinchoose and coinwarz.
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relm9
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May 06, 2013, 07:11:50 PM |
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IMHO hold on to them, unless you need to money. If you need the money, sell. Yes, it will go back up... how far: who knows.
How I'm looking at things:
1. Too new. I have to wait some time to really see where things are going to go.
2. Waiting for a Chinese newscast or article about CNC. Depending on how people in the media view the coin will help me make a determination on what to do.
Not saying CNC is BTC. But it really took the media to light a fire under BTC. Once the news media got a hold of it, the coin went through the roof.
I'm sure there will be media outlets which cover or report on CNC. If it's hailed as the Chinese answer to BTC, then expect the coin to be worth far more then it is now. I don't ever see it being 1:1 with BTC. If that happens expect a 51% attack by the BTC overlords.
Regardless of how the coin was launched, etc it's still a coin, on two exchanges, with great hashing power. It only takes a small fraction of Chinese to want the coin. A really small fraction of the 1.3 Billion Chinese.
Lastly, someone mentioned in another post about the gambling possibilities of CNC or any CryptoCoin for that matter. You have to be dumb as a brick to not know that Asia is the biggest gambling center in the world. Las Vegas casino corps are rushing to put casinos in Asia. If the local gambling houses can use CNC as a form of untraceable means of funding betting: watch out.
Lol if CNC takes off like that I predict we'll have coins for every nationality |
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RaymanJr
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May 06, 2013, 07:45:14 PM |
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Lol if CNC takes off like that I predict we'll have coins for every nationality
Maybe every nationality doesn't have need to have their own cryptos but China and basically whole Asia is different. So far cryptos are pretty much US centric and somehow spreading to the rest of world using latin alphabet (and of course to Russia ) CNC is the first crypto which have chines client, own discussion forum, obviously in chines. Only thing which might hold is back is (as far as I have understood) the thing that it's illegal in China but that might only slow it down. If CNC gets into Chinese newscasts it will immediately jump sky high, it's absolutely best option for those few million/billion, or what ever, Chinese. And....it's still profitable to mine, which make it interesting and tempting to newbies. |
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seleme
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Duelbits.com
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May 06, 2013, 09:29:16 PM |
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serious drop happened in last half an hour again.
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destruct
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Alexander KOSTIN | GoldMint
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May 06, 2013, 09:30:26 PM |
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CNC is going to be worthless by the end of the day.
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gpudude
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GPUDude
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May 06, 2013, 09:40:26 PM |
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CNC is going to be worthless by the end of the day.
Everyone knows you buy low, sell high.  |
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seleme
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Duelbits.com
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May 06, 2013, 09:49:31 PM |
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BTC went down so that causes a panic too and all altcoins reacted but cnc went down just too much. Never expected this to be honest, I went in at 0.0017 and thought that's solid entry point for next pump round.
I still think it will go up when btc stabilizes as people are probably trading btc now, to try to protect it from possible crash, there is only 130 btc buy orders for cnc on btc-e right now.
But it looks scary, we're very close to go below 0.001. The only good thing is that sell orders are below 1 btc value all the way to 0.0017 or more. I'd definitely buy even more if I had resources, it can't stay so low.
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phantastisch
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May 06, 2013, 10:06:08 PM |
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BTC went down so that causes a panic too and all altcoins reacted but cnc went down just too much. Never expected this to be honest, I went in at 0.0017 and thought that's solid entry point for next pump round.
I still think it will go up when btc stabilizes as people are probably trading btc now, to try to protect it from possible crash, there is only 130 btc buy orders for cnc on btc-e right now.
But it looks scary, we're very close to go below 0.001. The only good thing is that sell orders are below 1 btc value all the way to 0.0017 or more. I'd definitely buy even more if I had resources, it can't stay so low.
And why exactly should it go back up ? It's more like a penny stock than like BTC. Everybody got to play early adopter again, can we now please focus on the important things for example trying to get BTC adopted ? |
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seleme
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Duelbits.com
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May 06, 2013, 10:19:25 PM |
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Why would go back up? No rational reason, just like that one doesn't exist with any other coin, even btc included as it should never cost $100+ based on it's usage, it's just that I don't see it being traded at this level unless btc completely crashes.
I'm not really one of these "this coin is great, this sucks" as I don't have idea about their coding aspects but it's definitely the best one I've tried so far when it comes to transactions. Not sure about security and so but bitcoin transactions make me mad while CNC ones go through in 2 minutes.
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phantastisch
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May 06, 2013, 10:25:15 PM |
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Why would go back up? No rational reason, just like that one doesn't exist with any other coin, even btc included as it should never cost $100+ based on it's usage, it's just that I don't see it being traded at this level unless btc completely crashes.
I'm not really one of these "this coin is great, this sucks" as I don't have idea about their coding aspects but it's definitely the best one I've tried so far when it comes to transactions. Not sure about security and so but bitcoin transactions make me mad while CNC ones go through in 2 minutes.
Two words : Good luck. |
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