Ixcoin TODO

[ronimacarroni]

Vlad you own so much ixcoins that I think you selling them would affect the price. 
If you're going to sell them better do it throughout a period of weeks or months rather than all at once.
I'm not sure, just a hunch.

[jubalix]

LTC, DVC and NMC are falling while IXC is growing: You are making a mess out there.

Well, that was the trend out there anyway, as Bitcoin kept rising.   I've been saying there's a strange correlation between ixCoin and Bitcoin which I did not see in any other coin.

look at PP coin, it rose further, people have finally realised that there are less PPC than LTC, and better attributes for long term store of wealth

[Vlad2Vlad]

LTC, DVC and NMC are falling while IXC is growing: You are making a mess out there.

Well, that was the trend out there anyway, as Bitcoin kept rising.   I've been saying there's a strange correlation between ixCoin and Bitcoin which I did not see in any other coin.

look at PP coin, it rose further, people have finally realised that there are less PPC than LTC, and better attributes for long term store of wealth

You're right, PPcoin did well but I think ixCoin best them all relative to Bitcoin's double this last 2 months.

So at least 90% of coins got hit hard as Bitcoin doubled but especially scrypt coins. So one would expect that if Bitcoin goes up to $1,000 next year, the way I expect it to, it would kill 90%+ of the coins out there, especially the scrypt coins and possibly even that overrated turd, Litecoin which has nothing to add except the fact that I cannot merge mine it with my ASICS but instead have to spend tons of money on inefficient GPU's and then tons of money on electricity. 

I honestly see no future for scrypt coins as Bitcoin goes higher and higher, and for whatever reason, ixCoin has kept pace with Bitcoin and has gone higher and this was not due to my buying.

[Vlad2Vlad]

Vlad you own so much ixcoins that I think you selling them would affect the price. 
If you're going to sell them better do it throughout a period of weeks or months rather than all at once.
I'm not sure, just a hunch.

I don't plan to sell a single ixCoin even if it goes up 10-fold from here.  I see a magnified positive correlation between ixCoin and Bitcoin, something more than 90% of alt coins lack, and in fact most have a negative correlation, so as Bitcoin shoots past $1,000 next year I would expect ixCoin and at most, a few other alt coins to go much much higher.

And even when I do sell I will do so in phases as I expect the price of Bitcoin to go much higher than $1,000 which would mean that any positively correlated coins would also continue to track Bitcoin higher.

I honestly don't see why ixCoin is so closely correlated to Bitcoin and most other coins are not.  It's not demand, cause I remember 3 months ago when Bitcoin went from $130 to $68 in a short 4-5 weeks, ixCoin also hit an all-time low of 26,000 ixCoins per Bitcoin while most other alt coins were actually going higher, as Bitcoin was going lower.

That really suprised me, as I expected ixCoin to be more expensive against a much weaker Bitcoin but the opposite happened - and likewise, when Bitcoin doubled over the past 2 months, most alt coins were murdered while ixCoin is now up over 50% HIGHER than Bitcoin's double over the same period. 

And it's not accumulation, as you rarely see large buys and I have only ever met a few people who actually bought ixCoin so there is some inherent dynamic quality about ixCoin which causes it to track Bitcoin only with an even larger magnitude. So one has to wonder how much larger this magnitude will get once supply, for ixCoin, runs out in 18 months.

[Vlad2Vlad]

Coinx website:

Under "about us -> who we are" it was written:

"CoinX is a virtual currency platform for buying and selling Bitcoin, Namecoin, Devcoin, Litecoin, Ixcoin , PPCoin, Terracoin, and more in real time."

Now you read:

"CoinX is a virtual currency platform for buying and selling Bitcoin, we will be adding Namecoin, Devcoin, Opencoin, Litecoin, and more."


It seeems they changed their priorities. Very strange: Litecoin, Devcoin,Namecoin and Opencoin are not having a great time. Instead PPcoin and Ixcoin are slowly growing. Why erase them from the list?  

Either a Mickey Mouse error or a premature move.  Just like everyone on crypty thinks ixCoin is dead when it's trading the 3rd highest volume.

[jubalix]

Vlad you own so much ixcoins that I think you selling them would affect the price. 
If you're going to sell them better do it throughout a period of weeks or months rather than all at once.
I'm not sure, just a hunch.

I don't plan to sell a single ixCoin even if it goes up 10-fold from here.  I see a magnified positive correlation between ixCoin and Bitcoin, something more than 90% of alt coins lack, and in fact most have a negative correlation, so as Bitcoin shoots past $1,000 next year I would expect ixCoin and at most, a few other alt coins to go much much higher.

And even when I do sell I will do so in phases as I expect the price of Bitcoin to go much higher than $1,000 which would mean that any positively correlated coins would also continue to track Bitcoin higher.

I honestly don't see why ixCoin is so closely correlated to Bitcoin and most other coins are not.  It's not demand, cause I remember 3 months ago when Bitcoin went from $130 to $68 in a short 4-5 weeks, ixCoin also hit an all-time low of 26,000 ixCoins per Bitcoin while most other alt coins were actually going higher, as Bitcoin was going lower.

That really suprised me, as I expected ixCoin to be more expensive against a much weaker Bitcoin but the opposite happened - and likewise, when Bitcoin doubled over the past 2 months, most alt coins were murdered while ixCoin is now up over 50% HIGHER than Bitcoin's double over the same period. 

And it's not accumulation, as you rarely see large buys and I have only ever met a few people who actually bought ixCoin so there is some inherent dynamic quality about ixCoin which causes it to track Bitcoin only with an even larger magnitude. So one has to wonder how much larger this magnitude will get once supply, for ixCoin, runs out in 18 months.

didn't some other alt run out is 2 months all told? what happened to that price?

[Vlad2Vlad]

Vlad you own so much ixcoins that I think you selling them would affect the price. 
If you're going to sell them better do it throughout a period of weeks or months rather than all at once.
I'm not sure, just a hunch.

I don't plan to sell a single ixCoin even if it goes up 10-fold from here.  I see a magnified positive correlation between ixCoin and Bitcoin, something more than 90% of alt coins lack, and in fact most have a negative correlation, so as Bitcoin shoots past $1,000 next year I would expect ixCoin and at most, a few other alt coins to go much much higher.

And even when I do sell I will do so in phases as I expect the price of Bitcoin to go much higher than $1,000 which would mean that any positively correlated coins would also continue to track Bitcoin higher.

I honestly don't see why ixCoin is so closely correlated to Bitcoin and most other coins are not.  It's not demand, cause I remember 3 months ago when Bitcoin went from $130 to $68 in a short 4-5 weeks, ixCoin also hit an all-time low of 26,000 ixCoins per Bitcoin while most other alt coins were actually going higher, as Bitcoin was going lower.

That really suprised me, as I expected ixCoin to be more expensive against a much weaker Bitcoin but the opposite happened - and likewise, when Bitcoin doubled over the past 2 months, most alt coins were murdered while ixCoin is now up over 50% HIGHER than Bitcoin's double over the same period. 

And it's not accumulation, as you rarely see large buys and I have only ever met a few people who actually bought ixCoin so there is some inherent dynamic quality about ixCoin which causes it to track Bitcoin only with an even larger magnitude. So one has to wonder how much larger this magnitude will get once supply, for ixCoin, runs out in 18 months.

didn't some other alt run out is 2 months all told? what happened to that price?

I don't understand your question.

[jubalix]

some alt coin is or has already run out of new coins, what happened to its price?

[ronimacarroni]

some alt coin is or has already run out of new coins, what happened to its price?

It goes up ofcourse.
The more scarce something is,the more valuable it is.
Basic supply and demand.
edit:you need new blocks to be created to keep the blockchain running though.

[jubalix]

some alt coin is or has already run out of new coins, what happened to its price?

It goes up ofcourse.
The more scarce something is,the more valuable it is.
Basic supply and demand.
edit:you need new blocks to be created to keep the blockchain running though.

well no, as demand may go to zero

[ronimacarroni]

some alt coin is or has already run out of new coins, what happened to its price?

It goes up ofcourse.
The more scarce something is,the more valuable it is.
Basic supply and demand.
edit:you need new blocks to be created to keep the blockchain running though.

well no, as demand may go to zero

true.
But the less supply there is, the less demand is needed to make its price rise.

[Vlad2Vlad]

some alt coin is or has already run out of new coins, what happened to its price?

I don't know of any coin that has run out of coins on any exchanges.  There Are a couple due to run out in the next few months.  Quark and I think extreme coin.

[Vlad2Vlad]

New record for Ixcoin: difficulty above 35 millions, mining above 350k.

Ixcoin   163464   35,969,673.6710   360,497.3680

Maybe the merge mining is where the positive correlation, vs. Bitcoin comes from.  But then again, other coins like Devcoin have not gone up, but down so it's hard to say.

We should continue seeing difficulty and network hashrate continue to skyrocket as more people buy ASICS and merge mine.

[Vlad2Vlad]

For all the ones desiring to accumulate Ixcoin: i think ixc will go back under 0.0001 for a little while. You can collect your ixc there. Just be patient. Let the sellers get discouraged, they get tired very easily.

The sellers are all waiting for me but I'm now at over 430,000 coins so I'm done.  I was happy with 1% then I got carried away and now have 2%.  But enough is enough, I'm now at around 45 BTC Cause the last 3 days I've paid very high prices just to see if I could get the bids to stick much higher.

So I'm done.  Sorry to the guys who wanted to buy lower.  Just wait cause it looks like it wants to go lower.

But an interesting observation.  There were barely any coins to be found even when I was bidding over 20000.  I was only picking up a few thousand at a time.  For a coin with nearly 30 Tera hash network and 16 million coins out that's very unusual. 

You would think everyone would be dumping after a 300% run but that simply wasn't the case and I don't get why.  I really don't see any other coin with the same stars trading this way.   It could be the fact it's so hard to mine ixCoin that the 16 million coins are very thinly and evenly distributed since not many bought the coin since nobody believed in it but those that merge mined it may have held on to it since it was worth so little.

[Vlad2Vlad]

Finally, 1 week for 1 lame hacker?

Looks like Bitcointalk had to scrub the servers before the Feds arrived.  Lol

[Vlad2Vlad]

First Atlantis, then Silk Road, now Bitcointalk. The world of virtual coins has been shaken up a lot.

All these are signs the govt wants to clean up Bitcoin which supports the theory of the Bitcoin ETF.

[Vlad2Vlad]

First Atlantis, then Silk Road, now Bitcointalk. The world of virtual coins has been shaken up a lot.

All these are signs the govt wants to clean up Bitcoin which supports the theory of the Bitcoin ETF.

It's incredible how people forget so quicky. The criminal heritage of Bitcoin will be forgotten within months.

Question: bitcoin ATM have started to appear. Do you think they will be able to support any kind of coin in the future or only bitcoinlike virtual coins?

They'll do real physical coins for a while to get more people to switch over then they'll just kill all physical forms of any coins.  That's the end goal, digitize it all and control the sheep.

[Vlad2Vlad]

Now we are officially above 75% of the total mining.
Slowly growing, a good sign. 2 usd cent by end of october?

Aren't we at 2 USD cents right now?  We should be close.

[Vlad2Vlad]

When LTC was at 19 about 10 days ago I said it was gonna keep going lower due to the death spiral or Scrypt and the negative correlation of scrypt to Bitcoin.

We're now down 20% at 14.  That's a massive drop and I don't see it reversing for more than a dead cat bounce effect.

Meanwhile, ixCoin is staying strong, at near 2 USD cents and even without me buying it does not drop below that support.  It appears very stable, can't wait to see what happens when Bitcoin shoots much higher.

[Vlad2Vlad]

I am wondering if people selling on vircurex for a a half of the price are dumb or what.

Half the price?  What?  I've been paying 15000 for the last 2 days.  Bought another 40,000.  Man, I should have checked vircurex.