[FRK] Franko Investment?

[webr3]

I've been researching Franko a lot recently, and have watched it hit circa $1.50 per coin already, even with increasing diff it's rising consistently.

As far as I can tell, roughly 720 new coins can be mined per day (0.25 per block, 30 second target). So it seems to be a simple case that demand does, and will, outweigh supply (even if every coin mined is instantly dumped), which should see the price rising significantly and steadily, along with diff for miners. It's looking to me like double and triple figures could actually be viable for this coin.

Just sanity checking this makes sense, and that it's a good idea for me to be trying to grab as many as I can at this relatively early stage?

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[usahero]

What Franko gives that other coins don't? Why would I invest into Franko, while this is just one of 50 options...

Its pretty obvious that some coins are better established and will have better future, while others will sink into state where nobody will want to buy them for any significant price.



Also, if one thing cost 100$, it doesnt matter if I use 100 Frankos each worth 1$ or if I use 100000000 Infinite coins each million of them worth 1$...


These are my thoughts when evaluating a coin. I don't say you should or should not use Franko, this is up to you.

[webr3]

What Franko gives that other coins don't? Why would I invest into Franko, while this is just one of 50 options...

I've tried loads of alts recently, I've been burned, dumped on, etc - franko seems to have simple properties, it's fast (30 seconds) and it's rare - as the website says ( http://frankos.org ), it's gaining mining support and investment support, being bought up way quicker than it's being mined.

I'm worried about missing the boat, there's next to nothing available to buy - the rarity combined with high speed seem to be a good combination.

Unsure though, hence why seeking opinions before I start jumping in properly.

[usahero]

It is "rare", because block bounty is small. But its still 1 block per 30 seconds. In the end it really doesn't matter, whether if there is reward 1000 for the coin or 25 or 1 or 0.1. You always get only 1 block reward.

It is gaining mining support, because it is profitable to mine.  I don't know about investors support, but I would be sceptical about that. There were claims like this in the past, just to pump and dump worthless premined coins.

You are not missing the boat. If you are holding FRK, dump soon. If you are not holding FRK, just wait for the price to collapse.


I will not join the franko. If I would join it, I would join it at low price, not when price is hyped up. Joining now just means you gonna be dumped at - again.

[usahero]

Omg, just checked FRK graph. on 14.7. the price was 10 times smaller than now. If you are buying now, you are just asking to get ripped off.

[webr3]

Omg, just checked FRK graph. on 14.7. the price was 10 times smaller than now. If you are buying now, you are just asking to get ripped off.

I think that's a risk I'm willing to take, did it with BTC at $5 and XRP at 1/40000 and made xxxx%+ on both - given the rarity I think I'm going for it - thanks anyway!

[usahero]

Read your own words:

I've tried loads of alts recently, I've been burned, dumped on, etc


But fine, maybe FRK will do another 1000% in next 3 days.

[webr3]

Read your own words:

I've tried loads of alts recently, I've been burned, dumped on, etc


But fine, maybe FRK will do another 1000% in next 3 days.

I've not been burned with every coin, and FRK is one of the few I've not been dumped on.

So far in the last week or two:
CAP: acquired, didn't get dumped on
FRK: didn't get dumped on, can hardly even acquire
IFC: Major dumped on
ELC: Major dumped on
PXC: dumped on more than i could buy
MEM: dumped on but not too bad
FLO: dumped on but not too bad
GLD: dumped on massively
RYC: dumped on massively
NRB: dumped on, managed to dump it back, about to be dumped again it looks like.

[ToxicDartFrog]

Read your own words:

I've tried loads of alts recently, I've been burned, dumped on, etc


But fine, maybe FRK will do another 1000% in next 3 days.

I've not been burned with every coin, and FRK is one of the few I've not been dumped on.

So far in the last week or two:
CAP: acquired, didn't get dumped on
FRK: didn't get dumped on, can hardly even acquire
IFC: Major dumped on
ELC: Major dumped on
PXC: dumped on more than i could buy
MEM: dumped on but not too bad
FLO: dumped on but not too bad
GLD: dumped on massively
RYC: dumped on massively
NRB: dumped on, managed to dump it back, about to be dumped again it looks like.

You managed to take losses on 9 different coins? You may need to revise your trading strategy. Buy low before the pumps, not once they are pumping as there is usually a follow up correction (hint franko is now pumped and not low). And how the hell did you lose money in PXC which is pretty much always in a gradual uptrend? Did you panic buy one of the spikes?

[webr3]

Read your own words:

I've tried loads of alts recently, I've been burned, dumped on, etc


But fine, maybe FRK will do another 1000% in next 3 days.

I've not been burned with every coin, and FRK is one of the few I've not been dumped on.

So far in the last week or two:
CAP: acquired, didn't get dumped on
FRK: didn't get dumped on, can hardly even acquire
IFC: Major dumped on
ELC: Major dumped on
PXC: dumped on more than i could buy
MEM: dumped on but not too bad
FLO: dumped on but not too bad
GLD: dumped on massively
RYC: dumped on massively
NRB: dumped on, managed to dump it back, about to be dumped again it looks like.

You managed to take losses on 9 different coins? You may need to revise your trading strategy. Buy low before the pumps, not once they are pumping as there is usually a follow up correction (hint franko is now pumped and not low). And how the hell did you lose money in PXC which is pretty much always in a gradual uptrend? Did you panic buy one of the spikes?

I tend to acquire 1-5% of economies over 24-48 hours, on and off market, the way i figure it is if I can take a huge proportion, and raise the price a bit, and it keeps coming, then people are dumping on me.

I didn't say I took a loss on them all, up a little on some, managed to break even on some, loss on others, up over all - primarily thanks to FRK and CAP. I did make a couple of really stupid moves though, like checking if RYC or ELC were even active!

Still though, up overall, and over the last couple of years I can't complain 6 figures of profit easily.

[usahero]

Man, you are right about something... There really is not so many Frankos out there. If you holders will make it valuable, I guess there is a chance for the coin to go up significally.

[FiiNALiZE]

It is "rare", because block bounty is small. But its still 1 block per 30 seconds. In the end it really doesn't matter, whether if there is reward 1000 for the coin or 25 or 1 or 0.1. You always get only 1 block reward.

It is gaining mining support, because it is profitable to mine.  I don't know about investors support, but I would be sceptical about that. There were claims like this in the past, just to pump and dump worthless premined coins.

You are not missing the boat. If you are holding FRK, dump soon. If you are not holding FRK, just wait for the price to collapse.


I will not join the franko. If I would join it, I would join it at low price, not when price is hyped up. Joining now just means you gonna be dumped at - again.

You can't base your speculations purely on the rarity of the coin.

Otherwise, Mincoin shouldn't be at 0.0003 right now.

I would wait a bit to let FRK drop after the massive pump.

[badger_hunter]

i would not be surprised if Franco goes  back to the  price it was at before the huge pump,  other coins have,  but you never know   

[coinerer]

Read your own words:

I've tried loads of alts recently, I've been burned, dumped on, etc


But fine, maybe FRK will do another 1000% in next 3 days.

I've not been burned with every coin, and FRK is one of the few I've not been dumped on.

So far in the last week or two:
CAP: acquired, didn't get dumped on
FRK: didn't get dumped on, can hardly even acquire
IFC: Major dumped on
ELC: Major dumped on
PXC: dumped on more than i could buy
MEM: dumped on but not too bad
FLO: dumped on but not too bad
GLD: dumped on massively
RYC: dumped on massively
NRB: dumped on, managed to dump it back, about to be dumped again it looks like.

After big dumping on some coins, maybe it is good idea to wait some time and buy this coins again. And wait for new pump when you will have new big opportunity to dump. You said you have bigger amount of money to invest, so that would not be bigger problem.

[usahero]

So, how is it going? When we were evaluating your options, the price of this coin was around 4x higher than it is at this day. Do you still stand behind your decision? If you do, don't you think it would be better to have 4 times more of the same coin for the same price in bitcoin?

[webr3]

So, how is it going? When we were evaluating your options, the price of this coin was around 4x higher than it is at this day. Do you still stand behind your decision? If you do, don't you think it would be better to have 4 times more of the same coin for the same price in bitcoin?

I'm still happy to have acquired the coin, and I understand that I couldn't acquire large quantities at the current price, any attempt would either wall up and drive the price up, or involve me eating up the orders on the market to 2-5x the current price in order to buy any decent quantity.

Time (months) will tell if it was a good investment or not, I still feel it was at this point.

[usahero]

You would still be better off starting to buy from this point and buying as much as you bought in the first place, and still profit.

But whatever, it seems that making mistakes and living in denial is worth more to you than actual $$$/roi.

[webr3]

You would still be better off starting to buy from this point and buying as much as you bought in the first place, and still profit.

But whatever, it seems that making mistakes and living in denial is worth more to you than actual $$$/roi.

Not at all, I'm still acquiring and lowering my overall average price, and indeed could raise the price 5-10x with appropriate walls if I wanted to. But I'd be a fool to continually buy at a higher price than I needed to. My average price of 0.012x feels low to me in the long run, and given BTCs recent rise too, and that I bought all the coins with percentages of profit from other coins, I'm pretty much on a no lose here.

[usahero]

Real trade that happened:
2013-07-31 07:17:01   Sell   0.00660000   1988.60495322   13.12479269

Rate:
0.0066 = around 0.66$


You were interested in investing at around 1.5$.
2982$ - 1312$ = 1670$

If you wanted to buy around 2000 FRK, you overpaid them 1670$ by not waiting 14 days.
That is more than 100$/day.


Congratulations. You wasted more than 100$ every day by just not waiting for the right time to invest.

Why do you even ask for advice, if you have it all figured out in the first place?

[usahero]

My average price of 0.012x feels low to me in the long run

At the time you asked for advice, the price was 0.02-0.024 btc. By your own words, it was around 1.5$.