[ANN] Signatum - New Algorithm - Fair Launch - No Premine

[bfons]

A fair point you have made.  However...

The issue here is not where the highest valuation can be, it is where it tends to gravitate towards.  There is little doubt that many who were mining SIGT when profits were significantly higher than ETH mining were doing so to turn the coin over into ETH.  And... when they did, that caused a wave of selling.  And, do not forget that when SIGT was 4000, it was both very brief and at a time when BTC was NOT in the mid 4000's USD.

My point is, SIGT hit quickly with strong daily mining profits and that invited the opportunity to SELL SIGT and roll over into more stable and mature coins.  That will cease to be the case in just a few hours.

This is just one part of the equation, but it is the part that, at least for the last 30K blocks, explains where SIGT can only seem to get about 20% above ETH mining returns before it finds a ceiling in value.

If someone is always there to sell just a little higher than what they want to roll into, SIGT cannot advance.  That opportunity will likely be gone in just a few hours and within a few days we will see what happens when these short term traders no longer can profit from their quick selling.

Well said...

The coin matures today as the "get rich quick" traders disappear

[1715034602]

1715034602

[jootn2kx]

A fair point you have made.  However...

The issue here is not where the highest valuation can be, it is where it tends to gravitate towards.  There is little doubt that many who were mining SIGT when profits were significantly higher than ETH mining were doing so to turn the coin over into ETH.  And... when they did, that caused a wave of selling.  And, do not forget that when SIGT was 4000, it was both very brief and at a time when BTC was NOT in the mid 4000's USD.

My point is, SIGT hit quickly with strong daily mining profits and that invited the opportunity to SELL SIGT and roll over into more stable and mature coins.  That will cease to be the case in just a few hours.

This is just one part of the equation, but it is the part that, at least for the last 30K blocks, explains where SIGT can only seem to get about 20% above ETH mining returns before it finds a ceiling in value.

If someone is always there to sell just a little higher than what they want to roll into, SIGT cannot advance.  That opportunity will likely be gone in just a few hours and within a few days we will see what happens when these short term traders no longer can profit from their quick selling.

Well said...

The coin matures today as the "get rich quick" traders disappear

You mean DIES?

[butmuncher]

A fair point you have made.  However...

The issue here is not where the highest valuation can be, it is where it tends to gravitate towards.  There is little doubt that many who were mining SIGT when profits were significantly higher than ETH mining were doing so to turn the coin over into ETH.  And... when they did, that caused a wave of selling.  And, do not forget that when SIGT was 4000, it was both very brief and at a time when BTC was NOT in the mid 4000's USD.

My point is, SIGT hit quickly with strong daily mining profits and that invited the opportunity to SELL SIGT and roll over into more stable and mature coins.  That will cease to be the case in just a few hours.

This is just one part of the equation, but it is the part that, at least for the last 30K blocks, explains where SIGT can only seem to get about 20% above ETH mining returns before it finds a ceiling in value.

If someone is always there to sell just a little higher than what they want to roll into, SIGT cannot advance.  That opportunity will likely be gone in just a few hours and within a few days we will see what happens when these short term traders no longer can profit from their quick selling.

Well said...

The coin matures today as the "get rich quick" traders disappear

You mean DIES?

You mean it lives ?

[jimboscott]

A fair point you have made.  However...

The issue here is not where the highest valuation can be, it is where it tends to gravitate towards.  There is little doubt that many who were mining SIGT when profits were significantly higher than ETH mining were doing so to turn the coin over into ETH.  And... when they did, that caused a wave of selling.  And, do not forget that when SIGT was 4000, it was both very brief and at a time when BTC was NOT in the mid 4000's USD.

My point is, SIGT hit quickly with strong daily mining profits and that invited the opportunity to SELL SIGT and roll over into more stable and mature coins.  That will cease to be the case in just a few hours.

This is just one part of the equation, but it is the part that, at least for the last 30K blocks, explains where SIGT can only seem to get about 20% above ETH mining returns before it finds a ceiling in value.

If someone is always there to sell just a little higher than what they want to roll into, SIGT cannot advance.  That opportunity will likely be gone in just a few hours and within a few days we will see what happens when these short term traders no longer can profit from their quick selling.

Well said...

The coin matures today as the "get rich quick" traders disappear

You mean DIES?

I have traded stocks for a long time.  I am used to people shorting stocks and, along with their short position, starting a campaign of negativism, FUD and insults designed to drive investors away in order to directly gain financially from their taunting and incessant bad-mouthing.

However, I am not aware of any way to short a cryptocurrency. 

My only conclusion is that you do this because you are simply an asshole.

[Epicyclic]

ATTENTION

Everybody click on profile at the top left of your screen,

now click on ignore list in the left hand option box,

then paste this in;

jootn2kx
DADIBLAND
Jody2k

click submit, and the community will thank you.

[jootn2kx]

ATTENTION

Everybody click on profile at the top left of your screen,

now click on ignore list in the left hand option box,

then paste this in;

jootn2kx
DADIBLAND
Jody2k

click submit, and the community will thank you.

boring

[jootn2kx]

ATTENTION

Everybody click on profile at the top left of your screen,

now click on ignore list in the left hand option box,

then paste this in;

jootn2kx
DADIBLAND
Jody2k

click submit, and the community will thank you.

A fair point you have made.  However...

The issue here is not where the highest valuation can be, it is where it tends to gravitate towards.  There is little doubt that many who were mining SIGT when profits were significantly higher than ETH mining were doing so to turn the coin over into ETH.  And... when they did, that caused a wave of selling.  And, do not forget that when SIGT was 4000, it was both very brief and at a time when BTC was NOT in the mid 4000's USD.

My point is, SIGT hit quickly with strong daily mining profits and that invited the opportunity to SELL SIGT and roll over into more stable and mature coins.  That will cease to be the case in just a few hours.

This is just one part of the equation, but it is the part that, at least for the last 30K blocks, explains where SIGT can only seem to get about 20% above ETH mining returns before it finds a ceiling in value.

If someone is always there to sell just a little higher than what they want to roll into, SIGT cannot advance.  That opportunity will likely be gone in just a few hours and within a few days we will see what happens when these short term traders no longer can profit from their quick selling.

Well said...

The coin matures today as the "get rich quick" traders disappear

You mean DIES?

I have traded stocks for a long time.  I am used to people shorting stocks and, along with their short position, starting a campaign of negativism, FUD and insults designed to drive investors away in order to directly gain financially from their taunting and incessant bad-mouthing.

However, I am not aware of any way to short a cryptocurrency. 

My only conclusion is that you do this because you are simply an asshole.

oh really? you must be a genius

[jimboscott]

ATTENTION

Everybody click on profile at the top left of your screen,

now click on ignore list in the left hand option box,

then paste this in;

jootn2kx
DADIBLAND
Jody2k

click submit, and the community will thank you.

A fair point you have made.  However...

The issue here is not where the highest valuation can be, it is where it tends to gravitate towards.  There is little doubt that many who were mining SIGT when profits were significantly higher than ETH mining were doing so to turn the coin over into ETH.  And... when they did, that caused a wave of selling.  And, do not forget that when SIGT was 4000, it was both very brief and at a time when BTC was NOT in the mid 4000's USD.

My point is, SIGT hit quickly with strong daily mining profits and that invited the opportunity to SELL SIGT and roll over into more stable and mature coins.  That will cease to be the case in just a few hours.

This is just one part of the equation, but it is the part that, at least for the last 30K blocks, explains where SIGT can only seem to get about 20% above ETH mining returns before it finds a ceiling in value.

If someone is always there to sell just a little higher than what they want to roll into, SIGT cannot advance.  That opportunity will likely be gone in just a few hours and within a few days we will see what happens when these short term traders no longer can profit from their quick selling.

Well said...

The coin matures today as the "get rich quick" traders disappear

You mean DIES?

I have traded stocks for a long time.  I am used to people shorting stocks and, along with their short position, starting a campaign of negativism, FUD and insults designed to drive investors away in order to directly gain financially from their taunting and incessant bad-mouthing.

However, I am not aware of any way to short a cryptocurrency. 

My only conclusion is that you do this because you are simply an asshole.

oh really? you must be a genius

Almost.  Non-verbal in the mid 140's.

Spotting an asshole on a message board?  I am so far to the right of the bell curve it is ludicrous.

[Epicyclic]

  rofl, well said Jimbo 

[Core007]

Anyone know how far we are away from the mining reward halving? TIA

[jimboscott]

Anyone know how far we are away from the mining reward halving? TIA

123 blocks as of 2:13 EDT.  About 2 hours away.

[oisilener1982]

Anyone know how far we are away from the mining reward halving? TIA

123 blocks as of 2:13 EDT.  About 2 hours away.

During the 1st Halving the Price Increased from 1000 Sat to 5000 Sat

2nd Halving = 1000 Sat with no Movement at all

[KiparisD]

100 to the moon   I think nobody can't predict what happen after halving, just see, my bet - nothing fundamental will not happen  

[jimboscott]

Anyone know how far we are away from the mining reward halving? TIA

123 blocks as of 2:13 EDT.  About 2 hours away.

During the 1st Halving the Price Increased from 1000 Sat to 5000 Sat

2nd Halving = 1000 Sat with no Movement at all

It has not happened yet.  Not sure that there will be a telegraphed movement prior to the fact or if any movement will be delayed a bit.

[oisilener1982]

Anyone know how far we are away from the mining reward halving? TIA

123 blocks as of 2:13 EDT.  About 2 hours away.

During the 1st Halving the Price Increased from 1000 Sat to 5000 Sat

2nd Halving = 1000 Sat with no Movement at all

It has not happened yet.  Not sure that there will be a telegraphed movement prior to the fact or if any movement will be delayed a bit.

The price increase happened 2 or 3 days before the halving but the x5 increase happened during the Halving

[killerelite]

I didnt expect a -11 percent on the day halving will take place 90 or something blocks to go

[jimboscott]

I didnt expect a -11 percent on the day halving will take place 90 or something blocks to go

Why not?  People who mined for the sole purpose of selling quickly to purchase other coins have no obligation to do so before the rewards adjustment.  I would give this a few days to see how it settles out.

I am just happy to have exceeded my mining goal while only bringing about 250mH/s to the game.

[Topkras]

less than 80 blocks till halving
and I'll start mining something else maybe)

[oisilener1982]

26 BTC Volume for the 2nd Halving compared to 800 BTC Volume for the 1st halving

No movement @ 1K Satoshi vs Times 5 increase from 1000 sat to 5000 sat

[mythrill]

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