245 million is an obscene number of coins. where is the value? how many times has their block explorer gone down? why would anyone want to buy in at this point AT ANY PRICE?
hmmm you do realise bitcoin has 12 million coins right and costs over $1000 dollars. Do the math quark is still very cheap. Go buy some you'll feel better after the 19th when it's price is sure to rocket off again.
what will happen 'after 19th' ?
That's when Bill Still is scheduled to go on The Keiser Report. Many people believe Bill Still's Youtube videos are the reason for quark's rise in price. I think it has something minor to do with it but the rest of the alt cryptocurrency also skyrocketed shortly after that report. I'm thinking it was that frenzy that had more to do with the rise in price.
The appearance on the 19th won't be so good for the coin if the price has continually gone down. When people see the report and notice how it has declined in price (if indeed it has by then) they will be less likely to invest in it.
Yes but the point of the report is not just to say make money, it's to show it's a faster, more secure in terms of the algos it uses and more naturally and fairly distributed version of Bitcoin. I don't think they are trying to tip it only as a get rich quick scheme. Quark was way undervalued to a silly degree. Bill tipped it when before i increased, i very much doubt they will be suggesting it will increase the same amount again in such a short time. However just pointing out the benefits it does will obviously boost it up. Quark was unknown before, nobody had heard of it , that will never return. It's like bitcoin, the ONLY thing it has over other currencies is that it was first and more people know about it. The only people that rant on and on that bitcoin is somehow better are the ones that hold a lot of it. Bitcoin pizza shows how little it was worth when nobody had heard of it. The show will only be good for quark.
The price like anything after a moon shot is leveling out, this is even better because the early miners are dumping to lots of other people. Fair price will be 10-20 cents right now. However as more hear about it and enter it will rise like anything else it is demand and supply.
When you hear people mentioning bitcoin litecoin and quark you know it is not going back to obscurity where it was a few weeks back.
Let's also realise the only real place to trade it is cryptsy and that place is screwed right now, try and buy or sell on the qrk market. A nightmare. It wont be long before it hits some big exchanges where people can actually trade it. Cryptsy only works for low volume coins right now, if you try to enter a qrk or ltc sell or buy you will find out it takes 4 o5 attempt and even then i will not happen. The lag is stupid.
Bill is well known, max is VERY well known. See his twitter, wise men will bring me bitcoin litecoin and quark.
