Joerii
Legendary
 Offline
Activity: 1274
Merit: 1050
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June 14, 2013, 03:31:46 PM |
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Dudes... no worries. Mike's working like crazy to update the phenix.qt client to fix the huge jump in difficulty and prevent it from happening again. It looks like the situation might remedy itself in this instance ( profitability is slowly creeping up again, so network hash will very likely pick up again ) but in the future we won't have this problem again. Watching the orders come in on Cryptsy is going to be fun.... i'm glad I already stockpiled 140k before the heaps of cheap coin ran out  |
Hypercube - get the attention you deserve
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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MKoch
Newbie
Offline
Activity: 47
Merit: 0
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June 14, 2013, 03:46:31 PM |
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Yes the cryptsy order book and trend looks quit healthy in my oppionion... the buy / sell order are nicely balanced.  Edit: Especially compared to some other alt coins that i briefly checked with a sell / buy ratio of something like 100 : 1 (at least it looks like such a ratio, haven't watched closer)... ^^ |
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nawazish1
Sr. Member
Offline
Activity: 462
Merit: 250
PXC Research Team
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June 14, 2013, 07:44:45 PM |
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It's really confusing then when the prices are high people keep the coins and the value is low the people sell in really big quantities. Can't understand people who own PXC right now. I am keeping mine for long time.
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PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H Phoenixcoin (PXC), a decentralised open source digital currency. |
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HuuHachu
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June 14, 2013, 09:11:40 PM |
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It's really confusing then when the prices are high people keep the coins and the value is low the people sell in really big quantities. Can't understand people who own PXC right now. I am keeping mine for long time.
They either sell low - because they are panicking, or - because they hope to trigger a panic and buy back more coin at a much lower price. but ... those would sold low today could have sold higher tomorrow and those who may have wanted to buy back will have difficulties as most people holding pxc now want to keep them. Still, what caused the movement in the last 2 hours was initially a sell order of 10k pxc a 0.00028. This order was much bigger than the other sell orders and triggered a little panic. The volume and trade frequency is very low, its quite easy to scare the market with unappropriate orders ^^ |
noble: 9mKQpsfLeabjFsPv3YR9zYoAVymDPyfjCp
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Eb0la
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June 15, 2013, 01:13:57 AM |
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It's really confusing then when the prices are high people keep the coins and the value is low the people sell in really big quantities. Can't understand people who own PXC right now. I am keeping mine for long time.
They either sell low - because they are panicking, or - because they hope to trigger a panic and buy back more coin at a much lower price. but ... those would sold low today could have sold higher tomorrow and those who may have wanted to buy back will have difficulties as most people holding pxc now want to keep them. Still, what caused the movement in the last 2 hours was initially a sell order of 10k pxc a 0.00028. This order was much bigger than the other sell orders and triggered a little panic. The volume and trade frequency is very low, its quite easy to scare the market with unappropriate orders ^^ I bought 25,000 in that panic sell Thanks who ever sold cheap! |
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newmars
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June 15, 2013, 01:58:53 AM |
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bought some as well
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mika1977
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June 15, 2013, 02:00:56 AM |
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bought some as well
me too |
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JeanCool
Full Member
Offline
Activity: 224
Merit: 100
School of Hard Knocks
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June 15, 2013, 08:00:21 AM |
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1736 block to go until retarget!
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AquaMan
Newbie
Offline
Activity: 42
Merit: 0
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June 15, 2013, 08:38:55 AM |
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Just bought 5k more myself...
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mika1977
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June 15, 2013, 08:48:05 AM |
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buy another 2700 |
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nawazish1
Sr. Member
Offline
Activity: 462
Merit: 250
PXC Research Team
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June 15, 2013, 10:18:02 AM |
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Sold DGC and bought PXC. Now I have over 2k.  |
PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H Phoenixcoin (PXC), a decentralised open source digital currency. |
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xchrix
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June 15, 2013, 11:53:05 AM |
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bought another 3k |
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chunkatuff
Newbie
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Activity: 36
Merit: 0
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June 15, 2013, 03:00:04 PM |
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all you rich people come play poker with me |
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barwizi
Legendary
Offline
Activity: 882
Merit: 1000
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June 16, 2013, 08:45:01 AM |
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the difficulty algo is failing to keep up with miner trends. the concept was good and would have lasted if it weren't for coinchoose and crypto switcher. also the initial price was too optimistic for a coin with a confirmed premine, it makes traders wary of a sudden 400k cash out dump. Either way, it's a shame, these guys tried.
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Joerii
Legendary
Offline
Activity: 1274
Merit: 1050
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June 16, 2013, 09:10:11 AM |
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the difficulty algo is failing to keep up with miner trends. the concept was good and would have lasted if it weren't for coinchoose and crypto switcher. also the initial price was too optimistic for a coin with a confirmed premine, it makes traders wary of a sudden 400k cash out dump. Either way, it's a shame, these guys tried.
Read the update thread. |
Hypercube - get the attention you deserve
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iamatrix
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June 16, 2013, 09:14:14 AM |
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the difficulty algo is failing to keep up with miner trends. the concept was good and would have lasted if it weren't for coinchoose and crypto switcher. also the initial price was too optimistic for a coin with a confirmed premine, it makes traders wary of a sudden 400k cash out dump. Either way, it's a shame, these guys tried.
lol.. tried? watch the next couple of weeks and see what happens.. We have barley even started...  M. |
PhenixEx cryptocurrency exchange | Lifetime lower trading fees? Sign up here! | Let others sign up with your referral link and receive 25% of their trading fees!
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Joerii
Legendary
Offline
Activity: 1274
Merit: 1050
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June 16, 2013, 09:37:05 AM |
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You have a pm from me Mike.
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Hypercube - get the attention you deserve
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mika1977
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June 16, 2013, 11:23:39 AM |
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the difficulty algo is failing to keep up with miner trends. the concept was good and would have lasted if it weren't for coinchoose and crypto switcher. also the initial price was too optimistic for a coin with a confirmed premine, it makes traders wary of a sudden 400k cash out dump. Either way, it's a shame, these guys tried.
lol.. tried? watch the next couple of weeks and see what happens.. We have barley even started... M. We all hope of that you are saying. We hold a lot of PXC. |
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iamatrix
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June 16, 2013, 11:41:15 AM |
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You have a pm from me Mike.
I got it.. sry it was long night... had to get some sleep... Working on those issues now thanks.. we'll catch up on skype later.. |
PhenixEx cryptocurrency exchange | Lifetime lower trading fees? Sign up here! | Let others sign up with your referral link and receive 25% of their trading fees!
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