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Thorgrim
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December 21, 2013, 04:23:29 AM |
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I mentioned this earlier in the thread that coins like NXT should not be on the list when they are only listed on their own exchange. Too easy to manipulate. Also they can change the rules at any time like MCXnow did, or shut down and the coin basically becomes worthless because it isn't traded anywhere else. If you are investing in alt coins and using coinmarketcap.com as a source of information it is very important that you click on the price of the coin which will take you to cryptocoincharts.info and take a look at the exchanges that a coin is traded at and the BTC 24 hour volume. A premium coin will be traded at several of the larger exchanges like vircurex, bter, cryptsy, btc-e etc, if not all of them. A scam coin like NXT isn't traded on any of those sites and is only available on it's own exchange. If you look at the 30 day chart of NXT http://coinmarketcap.com/nxt_30.html you will notice spike peaks and valleys and extreme volatility even compared to other cryptos. This is indicative of an in-elastic market with only one exchange and relatively low volume. NXT's price is an illusion, I just watched it go from 5th with a market cap of about $24 million back down to 8th with a market cap of $14 million in about 5 minutes. |
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Reece523
Member
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Activity: 84
Merit: 10
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December 21, 2013, 05:03:25 AM
Last edit: December 22, 2013, 07:32:47 AM by Reece523 |
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I am prepared to pay a 0.05 BTC bounty if Joulecoin is added before Christmas.
I am prepared to pay a 0.05 BTC bounty if OrbitCoin is added before Christmas.
edit: Paid what I promised. Please pm me if you didn't receive it Gliss and I will contact Cryptsy. Thanks again!
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odin99
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December 21, 2013, 06:00:09 PM |
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joule was added. hopefully orbit next.
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Gliss (OP)
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December 21, 2013, 06:14:46 PM |
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Added Orbitcoin, Tigercoin, and Unobtanium.
Joulecoin is back up as well.
More updates later this weekend, hopefully.
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hilariousandco
Global Moderator
Legendary
 Online
Activity: 3794
Merit: 2616
Join the world-leading crypto sportsbook NOW!
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December 21, 2013, 08:31:06 PM |
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Added Orbitcoin, Tigercoin, and Unobtanium.
 I wonder when this nonsense will end? |
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hybridsole
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December 22, 2013, 05:36:12 AM |
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Thanks Gliss. Keep up the great work.
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Ardolafat
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December 22, 2013, 05:40:04 AM |
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Added Orbitcoin, Tigercoin, and Unobtanium.
I wonder when this nonsense will end? Point this question to cryptsy support  |
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Gliss (OP)
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December 22, 2013, 05:15:31 PM |
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I am prepared to pay a 0.05 BTC bounty if Joulecoin is added before Christmas.
I am prepared to pay a 0.05 BTC bounty if OrbitCoin is added before Christmas.
edit: Paid what I promised. Please pm me if you didn't receive it Gliss and I will contact Cryptsy. Thanks again!
I received it, thanks so much  Also, please vote in the Ripple re-lising poll https://bitcointalk.org/index.php?topic=381016.0 |
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paradiselife
Newbie
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Activity: 28
Merit: 0
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December 22, 2013, 05:25:53 PM |
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can you please add billioncoin it is traded on coinedup
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huyha123
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December 22, 2013, 09:43:44 PM
Last edit: December 22, 2013, 10:50:53 PM by huyha123 |
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NXT slowly become a joke. imagine when it trade at $10, even for 1h.
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dewdeded
Legendary
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Activity: 1232
Merit: 1011
Monero Evangelist
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December 22, 2013, 09:45:20 PM |
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This fucking scam coin cant be added, because it is not listed at any exchange. |
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spud3861
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December 22, 2013, 11:54:23 PM |
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Any chance of re adding Colossuscoin? It is heavily traded on Cryptsy.
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TB2YQ4-H73NTI-V3UVRT-WFAJXR-BUSECT-XE4A4L-27FY
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hybridsole
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December 23, 2013, 12:14:04 AM |
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Is it just me, or does Nxt belong with the Ripple's of the world? The coin appears premined and controlled by the devs, thus propping up the price per coin.
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Thorgrim
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December 23, 2013, 12:32:10 AM |
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Is it just me, or does Nxt belong with the Ripple's of the world? The coin appears premined and controlled by the devs, thus propping up the price per coin.
Yes, the more research I do the more I am disturbed that they are having any success at all. I thought people were smarter then this. The coin is not premined. It is 100% created and given to the stakeholders. Basically the same effect as 100% premined. So people rip on other coins for having small premines while NXT is 100% Further mining for fees is biased towards those who already hold coins with those with the most coins having the greatest chance at mining success. In order to get some NXT you pretty much have to buy it form the stakeholders and they are not selling cheap. I thought the whole idea behind mining was so that those not fortunate enough to be highly bankrolled could have a chance at controlling some of a potential successful currency. There are plenty of BTC millionaires who mined BTC in the beginning and never forked over cash to take a position. |
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canth
Legendary
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Activity: 1442
Merit: 1001
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December 23, 2013, 01:34:20 AM |
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Is it just me, or does Nxt belong with the Ripple's of the world? The coin appears premined and controlled by the devs, thus propping up the price per coin.
Yes, the more research I do the more I am disturbed that they are having any success at all. I thought people were smarter then this. The coin is not premined. It is 100% created and given to the stakeholders. Basically the same effect as 100% premined. So people rip on other coins for having small premines while NXT is 100% Further mining for fees is biased towards those who already hold coins with those with the most coins having the greatest chance at mining success. In order to get some NXT you pretty much have to buy it form the stakeholders and they are not selling cheap. I thought the whole idea behind mining was so that those not fortunate enough to be highly bankrolled could have a chance at controlling some of a potential successful currency. There are plenty of BTC millionaires who mined BTC in the beginning and never forked over cash to take a position. Every PoS coin will fall into the same concerns you have at some point. For example, years from now some kid that never mined any PPC will only be able to get them through purchase since mining eventually fades out. Would you delist PPC at that point? The point of the charts isn't to provide some level of validation on whether a coin is legit or scam - if it was this thread would be 100% chock full of shills and trolls trying their best to knock coins off the list or fluff them up. |
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Gliss (OP)
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December 23, 2013, 05:37:06 AM |
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Added sorting options as requested. I'm looking at the trades API and there seems to be very low volume (50 trades in 4 days). Is that right? |
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alrose
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December 23, 2013, 06:54:03 AM |
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Removed Nxt?
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djohnston
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December 23, 2013, 07:14:45 AM |
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I'll second the call for including Mastercoin (MSC) on the list. Exchanges for it are starting to pop up and while the trading volume is still pretty early stage / spiky, the trading volume hit $1,000,000 USD equivalent during a 24 hours period, for the first time a few weeks back. http://mastercoin-explorer.com/charts/monthlyThanks. |
“The state is that great fiction by which everyone tries to live at the expense of everyone else.” ― Frédéric Bastiat
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