[ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED!

[lucoia]

I want to attempt to start some discourse on the issue of miners failing to realise that the crypto markets are like all other markets by definition governed by the relationship between supply and demand.
There seems to be an extremely pervasive lack of understanding of the fact that all crypto coins as well as being a medium of exchange are also a commodity, and as with all commodities a large part portion of the market value is based on availability. 

This issue seems to be one of the major issues affecting all alts to some degree or another ATM, it seems like a high percentage of the new hashpower that hit the pools after last years spike is in the hands of people with no patience and even less intelligence!
not trying to sound harsh but how else do describe people who invest time and money into accumulating a commodity then rush out and panic sell en mass thus destroying a large percentage of the value of that commodity?
Then they learn nothing from this and do the same again on the next coin!??

And anyone who running power hungry GPU rigs without enough money to cover power cost for a few months in order to give themselves the  latitude to sell at the most profitable time is IMO on the fast track to going out of business, there is nowhere near enough money in mining to not sell smart if you ever want to pay for thoses R9 290X's.
The
Still on the upside I predict a ton of cheap second hand GPU  to start hitting ebay around the end of the month(rent time) for the next few months as people who rushed in in December realise that they are never going to break even let alone make any real profit.

just my 0.00000002 BTC

Stay strong miners the speculators are having a field day at your expense......

I'm with you here. My mentality is more long term. Granted, this started out as a hobby, but the upside potential is in the long run. I'm an amateur economist (most agorists are) and fairly well versed in the Austrian school of economic theory. Unfortunately, I've also read John Maynard Keynes' General Theory as well, and it's "thinking" dominates modern economic discourse.

Not going to deep on that right now, as I'm about to go off to bed, but the more scarce or closely held a thing is, the higher it's perceived value. There is actually no such thing as "intrinsic" value, there is only market value. Miners, I guarantee you that those buying low don't intend to sell that way. Day trading can be fun and profitable, but it's one small facet of a much larger game. Play 'em all, and play to win.

I likened speculation to poker just a day ago. Most of you would lose your shirt at the poker table. Just like you lost your EAC at the Cryptsy opening. There is no reason to toss your money in the street for me to pick it up, but if you do, I'll not turn down the freebies.

My idea of profit in THIS coin is long term transactional ability. I think it's dev's have the juice, and the right plan to take it mainstream. If I'm right, then those of you selling your whole stash at first opportunity and low cost are going to be kicking yourselves in a year.

Remember in the early days when some dude paid 10k BTC for a pizza? If the guy he bought it from held his coins, he's sitting on a fortune right now. Let that sink it before you hit the "sell" button. Nothing wrong with occasional profit taking, but make sure you're TAKING a profit.

The problem with those guys is they dont really believe in the coin. I think its because there are too many coins coming out every day and people see coins like a weekly thing

There's is simply more supply then demand, probably because EAC is perceived as too much serious.

The thing I'm noticing those last weeks is that the more the new alt coins are idiotic, the more the people love then, if you go on irc channels like the coinye right now, you can see there are like 5x the people there then on the EAC channel, but I can guess the majority of those people are kids and most of those coins are not living long, but you never know, doge is still alive and doing good

[jdebunt]

Earthcoin is now enabled for donations @ www.cryptoarticles.com  and as a payment method on www.cryptogamekeys.com  (both through CoinPayments)

[kitkat007]

I want to attempt to start some discourse on the issue of miners failing to realise that the crypto markets are like all other markets by definition governed by the relationship between supply and demand.
There seems to be an extremely pervasive lack of understanding of the fact that all crypto coins as well as being a medium of exchange are also a commodity, and as with all commodities a large part portion of the market value is based on availability. 

This issue seems to be one of the major issues affecting all alts to some degree or another ATM, it seems like a high percentage of the new hashpower that hit the pools after last years spike is in the hands of people with no patience and even less intelligence!
not trying to sound harsh but how else do describe people who invest time and money into accumulating a commodity then rush out and panic sell en mass thus destroying a large percentage of the value of that commodity?
Then they learn nothing from this and do the same again on the next coin!??

And anyone who running power hungry GPU rigs without enough money to cover power cost for a few months in order to give themselves the  latitude to sell at the most profitable time is IMO on the fast track to going out of business, there is nowhere near enough money in mining to not sell smart if you ever want to pay for thoses R9 290X's.
The
Still on the upside I predict a ton of cheap second hand GPU  to start hitting ebay around the end of the month(rent time) for the next few months as people who rushed in in December realise that they are never going to break even let alone make any real profit.

just my 0.00000002 BTC

Stay strong miners the speculators are having a field day at your expense......

I'm with you here. My mentality is more long term. Granted, this started out as a hobby, but the upside potential is in the long run. I'm an amateur economist (most agorists are) and fairly well versed in the Austrian school of economic theory. Unfortunately, I've also read John Maynard Keynes' General Theory as well, and it's "thinking" dominates modern economic discourse.

Not going to deep on that right now, as I'm about to go off to bed, but the more scarce or closely held a thing is, the higher it's perceived value. There is actually no such thing as "intrinsic" value, there is only market value. Miners, I guarantee you that those buying low don't intend to sell that way. Day trading can be fun and profitable, but it's one small facet of a much larger game. Play 'em all, and play to win.

I likened speculation to poker just a day ago. Most of you would lose your shirt at the poker table. Just like you lost your EAC at the Cryptsy opening. There is no reason to toss your money in the street for me to pick it up, but if you do, I'll not turn down the freebies.

My idea of profit in THIS coin is long term transactional ability. I think it's dev's have the juice, and the right plan to take it mainstream. If I'm right, then those of you selling your whole stash at first opportunity and low cost are going to be kicking yourselves in a year.

Remember in the early days when some dude paid 10k BTC for a pizza? If the guy he bought it from held his coins, he's sitting on a fortune right now. Let that sink it before you hit the "sell" button. Nothing wrong with occasional profit taking, but make sure you're TAKING a profit.

The problem with those guys is they dont really believe in the coin. I think its because there are too many coins coming out every day and people see coins like a weekly thing

There's is simply more supply then demand, probably because EAC is perceived as too much serious.

The thing I'm noticing those last weeks is that the more the new alt coins are idiotic, the more the people love then, if you go on irc channels like the coinye right now, you can see there are like 5x the people there then on the EAC channel, but I can guess the majority of those people are kids and most of those coins are not living long, but you never know, doge is still alive and doing good

Doge was a meme, no surprise there... Coinye will go down like the rest in a week

[paulus51]

Earthcoin is now enabled for donations @ www.cryptoarticles.com  and as a payment method on www.cryptogamekeys.com  (both through CoinPayments)

your link to CoinPayments on page www.cryptoarticles.com  is wrong after www you have set a ,  not a point !


heres my eac : eY4WcL4tfDmyCeu5Y4SJ3ztHEiJeVRHS6H


thanks  

[alz]

There's is simply more supply then demand, probably because EAC is perceived as too much serious.

The thing I'm noticing those last weeks is that the more the new alt coins are idiotic, the more the people love then, if you go on irc channels like the coinye right now, you can see there are like 5x the people there then on the EAC channel, but I can guess the majority of those people are kids and most of those coins are not living long, but you never know, doge is still alive and doing good
   

agreed, This could be due to all the counter productive "man throws away harddrive with $5.5M dollars worth of BTC on" type of articles that that the corporate media seems to love to run.
these kind of articles detract from the legitimacy of crypto in the public mind by helping to paint the whole movement as an unpredictable free for all.
And I suppose that is exactly what we have with the latest rash of Memecoins.
I have faith that effort will be rewarded in the long run ,DOGE may survive but EAC will defiantly survive if there is any sanity left in the world........  

[testbitcoiner]

what those idiots who mine and dump the next second do not understand is:

if you had done the same thing with bitcoin or litecoin, you'd have lost money

[m3ta-schatten]

Any News from BTC38 ?

[gsrcrxsi]

It baffles me why anyone would sell this low. At less than 200sat, it won't even pay for the electric it uses to mine.

[professorY]

It baffles me why anyone would sell this low. At less than 200sat, it won't even pay for the electric it uses to mine.

Dumpers gonna dump.

[pabloangello]

It baffles me why anyone would sell this low. At less than 200sat, it won't even pay for the electric it uses to mine.

We have plenty of newcomers in crypto world since last few months that panic very easily. Also we have plenty of new shitcoins around that divide miners and traders so volume is splitted very hard. This is the result. This is also the beginning of natural selection in altcoins environment. The strongest will survive.

[gsrcrxsi]

Well yeah I'll dump my coins when the price is right, but I'd rather delete my wallet.dat than contribute to and reinforce these stupid low prices.

[lucoia]

It baffles me why anyone would sell this low. At less than 200sat, it won't even pay for the electric it uses to mine.

We have plenty of newcomers in crypto world since last few months that panic very easily. Also we have plenty of new shitcoins around that divide miners and traders so volume is splitted very hard. This is the result. This is also the beginning of natural selection in altcoins environment. The strongest will survive.

Plus, if ASIC scrypt miners will be out sooner or later, 99% of the shitcoins will immediately die, and the strong 1% that will survive will get a lot more value.

[meade16]

Is there a Twitter page? Don't see much about it on Twitter.

[pabloangello]

Is there a Twitter page? Don't see much about it on Twitter.

I know about that one https://twitter.com/EarthCoinRT

[B737]

Anyone watching the network hashrate? Miners are leaving it. So far this shitcoin.....up to the next one.

[EarthCoinOne]

It baffles me why anyone would sell this low. At less than 200sat, it won't even pay for the electric it uses to mine.

Dumpers gonna dump.

true words...nothing can stop them

[B737]

People just don't realize that the current alt coins have no future ahead. What kind of added value do they have compared to i.e. LTC?

I believe in cryptocurrencies, but not the current ones. We can only take these shitcoins as a lesson and wait till some bright persons come up with some real innovation, incorporating the good things we are learning now.

[Nerull]

People just don't realize that the current alt coins have no future ahead. What kind of added value do they have compared to i.e. LTC?

I believe in cryptocurrencies, but not the current ones. We can only take these shitcoins as a lesson and wait till some bright persons come up with some real innovation, incorporating the good things we are learning now.

eac is much faster with transaction rates..... imo thats pretty huge

[Piesel]

Great buying opportunity here 

[Real1Guy]

Can somebody shut this gay down and his fake giveaway (its give your coins away sh it)
https://bitcointalk.org/index.php?topic=400396.0