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Author Topic: Primecoin is STILL our best investment advice, recent actions verifies the shift  (Read 1211 times)
cryptocoinsnews
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November 21, 2013, 07:35:27 PM
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Primecoin has been our best investment advice since it hit its lowest value since launch (0.0008 BTC per XPM). Primecoin has showed buy resistance around 0.001 BTC per XPM and has a potential short term value of 0.01 BTC per Primecoin. We believe that Primecoin is the most innovative coin out there and that it can attract many more investors, merchants and private users in the coming months to follow.

Regarding the longterm value of Primecoin we believe it can come close to 0.03 BTC per XPM within the end of next year (or even more). To read more about Primecoin you can visit our Primecoin information page.

The buy volume on mcxNOW was about 21 000 Primecoins and on BTC-e it added up to more than 40 000 Primecoins, with and added value of more than 800 Bitcoins with the current low prices of Primecoin.

Read the full story here: http://www.cryptocoinsnews.com/2013/11/21/primecoin-still-best-investment-advice-recent-actions-verifies-shift/

/David Parker, Director of CCN
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Jeremiah2911
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November 21, 2013, 07:41:46 PM
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Will have to check out Primecoin, heard they were referenced in a recent article by Forbes.
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November 21, 2013, 08:34:09 PM
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PrimeCoin (XPM) = 12xfaster then Bitcoin, usefull in science, good press, unique!, probably more secure then SHA256, smooth reward dropping, CPU mining (everyone could do it).

people should read more about this coin. I make a lot of research and can't find better project. Maybe NVC (with CAP of 10 NVC per POS) could  rival.

Now the problem with price is becouse people were waiting for difficult 10. after ypool down - many people was disappointed (me too). But this is short term factor - by the end of the year we should reach difficult 10 and the reward will drop 10-15%. Another bad factor was maco and his scam-promote project. He told that he will find good people and promote primecoin, but he did nothing. Another short-term bad factor is talking about GPU miner and big dissapointed in this area.

This is only short-term factors and i belive that we will see XPM/BTC at 0,1 in the future. Maybe one, maybe 2-3 years. We will see. People who invest in cryptocoin couldn't miss XPM becouse if SHA256 will be broke then XPM will survive - everyone need to be diversify.
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November 21, 2013, 08:44:12 PM
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PrimeCoin (XPM) = 12xfaster then Bitcoin, usefull in science, good press, unique!, probably more secure then SHA256, smooth reward dropping, CPU mining (everyone could do it).

people should read more about this coin. I make a lot of research and can't find better project. Maybe NVC (with CAP of 10 NVC per POS) could  rival.

Now the problem with price is becouse people were waiting for difficult 10. after ypool down - many people was disappointed (me too). But this is short term factor - by the end of the year we should reach difficult 10 and the reward will drop 10-15%. Another bad factor was maco and his scam-promote project. He told that he will find good people and promote primecoin, but he did nothing. Another short-term bad factor is talking about GPU miner and big dissapointed in this area.

This is only short-term factors and i belive that we will see XPM/BTC at 0,1 in the future. Maybe one, maybe 2-3 years. We will see. People who invest in cryptocoin couldn't miss XPM becouse if SHA256 will be broke then XPM will survive - everyone need to be diversify.
+1 Diversification is the key of investment in such a volatile currencies.

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November 21, 2013, 08:51:27 PM
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i have prime coin, and think it is innovative, and was the only coin I have mined.

Diversification is the biggest draw, and that Sunny King was the DEV


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November 21, 2013, 09:01:27 PM
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I've been away from primecoin for some time. Is it still mined with CPUs?
satriani
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November 22, 2013, 09:07:26 AM
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I've been away from primecoin for some time. Is it still mined with CPUs?
yes. some guy claims that he has a fast GPU miner but he will public the source code on 1Q 2014. you can read about it here:
http://www.peercointalk.org/index.php?PHPSESSID=0iljtnjmujc4a98tvuonkqaat7&topic=813.msg7989#msg7989
satriani
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November 22, 2013, 12:32:44 PM
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i have prime coin, and think it is innovative, and was the only coin I have mined.

Diversification is the biggest draw, and that Sunny King was the DEV


a lot of people talk about diversify now between technology. So:
-> first new innovation: Namecoin
-> first scrypt coin: litecoin
-> first POS coin: PPC
-> first scrypt+pos: novacoin
-> first new POW (the most importatnt if something go wrong with SHA256): Primecoin


so this coin should go up the most i think. primecoin lost the most of all these becouse of bad short-term news. So i think that it could skyrocketing in next days/weeks
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January 01, 2014, 04:49:53 PM
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. Is it still mined with CPUs?

Cloud mining is applicable.

Mikellev
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January 01, 2014, 04:53:07 PM
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Great coin, would love to make a pool for it, but cant find any good source.....
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