QuarkCoin-The price and potential

[lira]

Quarks price seems very attractive right now. What is your opinion on it? Have this one a potential go much higher in a short term?

[Jarmentra]

It definitely has potential. It has been falling lately so now would would be a good time to invest because it is bound to go back up to where it was.

[Marbit]

nope. its over. pump and dump. dont lose your shirt here.

[timmyd]

nope. its over. pump and dump. dont lose your shirt here.

Agreed. you wanna move on over to the NXT community. currently you can purchase NXT at a very good price which can only go up once the main features are released very soon.
Check out www.dgex.com to get yourself a bargain

[Netnox]

Quark is a bargain right now. Those who whine don't want you to invest in a coin they didn't invest into. keiser pushed ltc from $5 to $48, he mentioned quark, this alone is huge advantage over all other coins, not to mention it has interesting features and a growing development team:

http://quark.freeforums.net/thread/296/quark-community-project-development-teams

[CryptoBeggar]

Kaiser already pushed it and obviously bought considerable amounts of Quark before that push. Quark community is using so many cheap tricks while at the same time fails to address the skepticism  regarding the minting scheme strongly favoring people adopting Quark before the "Kaiser" happened.

I believe it would be better for the whole community if such projects are revealed as scam and abandoned in the same manner they popped up.

[BlackShadowX1]

Kaiser already pushed it and obviously bought considerable amounts of Quark before that push. Quark community is using so many cheap tricks while at the same time fails to address the skepticism  regarding the minting scheme strongly favoring people adopting Quark before the "Kaiser" happened.

I believe it would be better for the whole community if such projects are revealed as scam and abandoned in the same manner they popped up.

Exactly Keiser and shill pumped it, then made out of it fast, Keiser was singing it's praises before the pump,then after it dropped like brick, he went cold on it.

QRK is a pump and dump, if you want to take the chance to not get caught out, holding the bag of turd, go for it, but don't say you were not warned.    

[Jamievs]

Quark is a bargain right now. Those who whine don't want you to invest in a coin they didn't invest into. keiser pushed ltc from $5 to $48, he mentioned quark, this alone is huge advantage over all other coins, not to mention it has interesting features and a growing development team:

http://quark.freeforums.net/thread/296/quark-community-project-development-teams

He caused a 900% increase?



I am from Europe and I have no clue who Keiser is. Apparently he has a lot of influence..

[jubalix]

Quark is a bargain right now. Those who whine don't want you to invest in a coin they didn't invest into. keiser pushed ltc from $5 to $48, he mentioned quark, this alone is huge advantage over all other coins, not to mention it has interesting features and a growing development team:

http://quark.freeforums.net/thread/296/quark-community-project-development-teams

but ltc has warren and a competent dev team, BTC has many competent devs, and PeerCoin has Sunnky King which is the closest thing to satoshi , when you think about it. Finally Emunie has fuserleer another competent dev.

Who exactly does quark have as their dev?  

[CryptoBeggar]

Quark is a bargain right now. Those who whine don't want you to invest in a coin they didn't invest into. keiser pushed ltc from $5 to $48, he mentioned quark, this alone is huge advantage over all other coins, not to mention it has interesting features and a growing development team:

http://quark.freeforums.net/thread/296/quark-community-project-development-teams

He caused a 900% increase?



I am from Europe and I have no clue who Keiser is. Apparently he has a lot of influence..

He went viral with his show covering BTC and LTC and used his hype to lure lots of inexperienced people into buying one of many low-priced coins he probably picked in collaboration with some of the early adopters. If you observe closely not much volume (BTC) was required to pump it 100x, even more massive pumps and dumps were performed many times before (see fontas on btc-e).

[laowai80]

I would say, whoever wanted to dump has already dumped in the last few days, so it's discounted again.

Because Quarkcoin is the most secure and doesn't require to invest in specialized mining gear, it will have broad support from users with even a low-end computer or anything that has a CPU to mine it.

[Fernandez]

I feel its a pump and dump. Invest your money at your own risk.

[streetsmart]

I feel like the majority of the wealth is stagnet in a handful of wallets. For the sake of this example let's say its 99% of the coin. Now only 1% is in trade causing a $0.13 rate for a coin. But in reality theres no way the market cap is $ 31,247,995 (calculated by $ 0.13 * 245,926,801 QRK),

In our example, the market cap would be $ 31,247,995 * $0.13 * 1%/100% = $312,479.
In all reality theres much more than 1mil coins in trade currently, but I find the coinmarketcap misleading

[Meebo]

For my own amusement, I took the screenshots of QRK (a lot newer than the other two), PPC and LTC graphs from https://www.cryptsy.com/ and they all look pretty much the same. Is LTC as much p n' d as Quark then? I think this "p n' d" phase is bane of every new coin and part of the evolution... time to get over it guys

Check it out. Graphs were taken today - http://imgur.com/a/mdlQO

However, when you check QRK volumes, you can see that most was traded before it was worth anything (HUGE advantage to Quark here)... That can not be said about LTC and PPC. No need to call any coin "scamcoin" without doing some research.

[Netnox]

pump and dump happen in every coin. You are retarded to believe it didn't or still doesn't happen to btc and ltc

[Netnox]

Quark is a bargain right now. Those who whine don't want you to invest in a coin they didn't invest into. keiser pushed ltc from $5 to $48, he mentioned quark, this alone is huge advantage over all other coins, not to mention it has interesting features and a growing development team:

http://quark.freeforums.net/thread/296/quark-community-project-development-teams

but ltc has warren and a competent dev team, BTC has many competent devs, and PeerCoin has Sunnky King which is the closest thing to satoshi , when you think about it. Finally Emunie has fuserleer another competent dev.

Who exactly does quark have as their dev?  

Maxguevara is the developer of Quark: http://quark.freeforums.net/thread/377/quark-community-development

Quarks dev team and if you go through the previous pages you can see their background: http://quark.freeforums.net/thread/296/quark-community-project-development-teams

[peterlustig]

Lots of miners sold their coins over the time, seeing the prices fall lower and lower. I once had 500k...

[Netnox]

I feel like the majority of the wealth is stagnet in a handful of wallets. For the sake of this example let's say its 99% of the coin. Now only 1% is in trade causing a $0.13 rate for a coin. But in reality theres no way the market cap is $ 31,247,995 (calculated by $ 0.13 * 245,926,801 QRK),

In our example, the market cap would be $ 31,247,995 * $0.13 * 1%/100% = $312,479.
In all reality theres much more than 1mil coins in trade currently, but I find the coinmarketcap misleading

according to this site:
bitinfocharts.com/top-100-richest-litecoin-addresses.html

Litecoin - 35% of all coins are owned by the top 27 wallets

Peercoin - 44% of all coins are owned by the top 27 wallets

From the guy who is auditing Quarks block chain:

- A number of things to keep in mind:

1. The addresses I have listed here were found by just randomly clicking through the blockchain, e.g. by following the earliest mined blocks. This list is not exhaustive and there could (or could not) be many more large wallets. To get a true comprehensive list I assume you would need some kind of script, but I'm afraid I do not have the skills to do that. My purpose was just to make a start with it to get some facts on the concentration of Quarks. If someone has the skills to write such a script, please help out  So far I have found three wallets with 4%, 4% and one with 6%. There are probably a few more wallets like that out there - but that's speculation.

2. Quark has almost been fully mined, wheres Bitcoin, Litecoin, etc. are maybe halfway there. So we are then comparing 30% of total supply in 27 wallets vs. 35% of half the total supply in 27 wallets. I'm not sure whether that percentage is correct though, judging by the Bitcoin ownership pie chart linked to in the post above? bitcoinrichlist.com/charts/bitcoin-distribution-by-address. Seems like Bitcoin is less concentrated than that.

Quark is in the DISTRIBITION phase right now, what don't you understand. Ofcource there are wallets with bigger numbers. For real have you all even been following cryptos since BTC was worth less than $100?

[laowai80]

Quark is in the DISTRIBITION phase right now, what don't you understand. Ofcource there are wallets with bigger numbers. For real have you all even been following cryptos since BTC was worth less than $100?

Probably they haven't, but it's so cool to parrot someone else's 'pump and dump' buzz word and have a strong feeling of bond with whoever they parrot. It's much easier than do the research and understand how things work.

[streetsmart]

Quark is in the DISTRIBITION phase right now, what don't you understand. Ofcource there are wallets with bigger numbers. For real have you all even been following cryptos since BTC was worth less than $100?

Probably they haven't, but it's so cool to parrot someone else's 'pump and dump' buzz word and have a strong feeling of bond with whoever they parrot. It's much easier than do the research and understand how things work.

I'm just stating my concerns when I consider investing in a coin that was dormant and very inexpensive for an extended period of time and was 98% mined.  It's just a gut instinct I had when I began to read about QRK