[ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014

[Mole.]

As expected Mooncoin is going back up to where it was before. It is now at 15 satoshis, with more trade volume coming in. In fact there is over twice as much twice volume as a day or two ago. People should have bought in at 11 while it was really cheap. 15 is still cheap.

Its not exactly liquid at 15, ive had a sell order set for over an hour

Its a wall

So, you are trying to sell at 15 and be done with Moon or something?

lol no, its called short selling my friend

Isn't short selling when you sell that which you do not own to replace later at a lower value? Surely you are just selling with a hope to buying back in at a lower value?

[1714686978]

1714686978

[DRobert]

As expected Mooncoin is going back up to where it was before. It is now at 15 satoshis, with more trade volume coming in. In fact there is over twice as much twice volume as a day or two ago. People should have bought in at 11 while it was really cheap. 15 is still cheap.

Its not exactly liquid at 15, ive had a sell order set for over an hour

Its a wall

So, you are trying to sell at 15 and be done with Moon or something?

lol no, its called short selling my friend

Isn't short selling when you sell that which you do not own to replace later at a lower value? Surely you are just selling with a hope to buying back in at a lower value?

I thought about short selling but I decided to just not risk it.

[GambitBTC]

As expected Mooncoin is going back up to where it was before. It is now at 15 satoshis, with more trade volume coming in. In fact there is over twice as much twice volume as a day or two ago. People should have bought in at 11 while it was really cheap. 15 is still cheap.

Its not exactly liquid at 15, ive had a sell order set for over an hour

Its a wall

So, you are trying to sell at 15 and be done with Moon or something?

lol no, its called short selling my friend

Isn't short selling when you sell that which you do not own to replace later at a lower value? Surely you are just selling with a hope to buying back in at a lower value?

14 and 15 all day long

[crackfoo]

another pool:

http://moon.hasher.ca/

[ehoffman]

People should have bought in at 11 while it was really cheap.

I should have bought at 1 Satoshi back a few days ago...  Argh

I taught it would do like pennies (CENT).  It was looking pretty much like it, with tons of sell at 1, no buy...

[DRobert]

14 and 15 all day long

Sold @14, planning to buy back at 13. Make 61,000 moon in one go. Almost 10% gain.

[DRobert]

I'm planning to buy premium cbox chat for us Mooncoin users to use so we don't have to download mIRC or anything.

[CatKiwi]

Just wanted to say that the problems I had with Cryptsy earlier have been sorted out by going directly to BitJohn on these forums - He very kindly and promptly disabled the 2FA that was stopping me from logging in after receiving suitable identity verification.

If anyone has any major problems like I had perhaps send Bitjohn a message with the support ticket number as that worked much faster than just submitting a support ticket alone - I expect they get thousands of them from spammers and idiots which would slow down the process for genuine users needing help. Great stuff John! Highly recommend Cryptsy after this experience =)

[drmadcat]

I would like to see google FTA on cryptsy

[CoinBreader]

so Mooncoin is planning to go to moon again ? or it will be a nice spot for kitteh to make poop! 

[leoragraves666]

I tried few pools, but they are fishy to say at least. Any normal pool that delivers?

[CatKiwi]

so Mooncoin is planning to go to moon again ? or it will be a nice spot for kitteh to make poop! 

The big buyers will come in later tonight and start buying up. It was always going to be dumped when Bitcoin crashed yesterday but not that a new low has been reach at 11 and stabilized it will only increase from here up to around 16. You will notice the wall at 15 is down by 25 Bitcoins now ;-)

[DRobert]

I don't like small trades game. It's too risky.

[GambitBTC]

I don't like small trades game. It's too risky.

Risk has reward in some instances

[CatKiwi]

I am really surprised at the amount of people content to dump their coins at 14. Folks, the price cannot rise and your profits cannot increase if you dump at a level where there is tiny buy support. Those using their brains will look at Bitcoin rising back up and realize that 16 or 17 is the best position to sell at (if you are a trader) as that is roughly the level we were at before the crash. Infact, we should see even higher prices in the next 24 hours as we have just tested a new low and come out on top - this gives sellers confidence that they do not need to sell at a loss and undercut each other and buyers confidence that there coins will not crash and burn while they sleep.

The good thing however is that these weak-hands will slowly become more and more desperate to regain their coins once they realize the price will not drop below 13 in the foreseeable future and start buying up - preferably at a loss.

[GambitBTC]

News: Pittsburgh Pa Tech Startup CryptoCommerce who handles over 30 btc in buy orders weekly in their local community, has announced they will start sellingMOON to the Pittsburgh public in the next few days.

[jepistons]

News: Pittsburgh Pa Tech Startup CryptoCommerce who handles over 30 btc in buy orders weekly in their local community, has announced they will start sellingMOON to the Pittsburgh public in the next few days.

  all these panic sellers will cry soon please people have faith thats great news Gambitbtc

[GambitBTC]

News: Pittsburgh Pa Tech Startup CryptoCommerce who handles over 30 btc in buy orders weekly in their local community, has announced they will start sellingMOON to the Pittsburgh public in the next few days.

  all these panic sellers will cry soon please people have faith thats great news Gambitbtc

Certainly is great news, not only do these Crypto Commerce guys sell coins to the public, but they also manage and hold the coins in escrow, so they are potentially creating long term buyers.

Check them out on twitter @CryptoCommerce

[CatKiwi]

The coin's value will go up because there is still money to be made from buying and selling it. Doge isn't doing a whole lot because buying at say 170 and selling at 185 is a hell of a lot less lucrative than buying MOON at 13 and selling at 17. As long as it stays volatile, with high volume and at a relatively low value traders will buy it up. The secret to making money from crypto is to always remember why you are doing it - to ultimately make more Bitcoin. If you buy into these coins expecting them to go sky high with a million different places to spend them you should think again - one or two may well reach these heights but the majority will not, they are pumped and dumped until a more profitable coin rears its head, that is the reality.

I would like Mooncoin to become the currency of choice on the internet and make me a fortune but the odds of that happening are very, very low and because of that the only sensible thing to do is to buy it low and sell it high while the going is good, steadily increasing the amount of bitcoin I have.

I have noticed that coins have a tendency to not sustain a price above the very first peak reached when they are first listed on a major exchange. Look at DOGE and CAT. The real winners were those that sold at the peak when they were first listed - that is the point where people lose control of their senses and will pay ANYTHING to get there hands on it. After that peak you get ups and downs, great money making opportunities for sure, but i have yet to see a coin sustain a price above its very first peak for the simple fact that people collectively decide how high a coin can rise before the dump begins and often there reference point is just below that first peak, forever adjusting to slightly below the last peak. It takes someone like Wolong, with millions of dollars, to be able to manipulate a market to new heights - that or massive increases in popularity brought about through the mainstream media - which brings with it a gaggle of noobs who 'heard there was money to be made in X' and thought they would buy it up at the going rate (the continuously inflating rate).

I think people look at Bitcoin's growth and expect the same to happen with the alts but until Scrypt ASICs come out and increase mining power and difficulty 10 fold I doubt we will see any 'bitcoin like' increases in value.

Just my opinion - I know others will disagree with me and that's cool! =)

[whatever48]

13 - 14 satoshis seems fairprice for the mooncoin, there is however one worrying thing to take in mind.

Network hasrate dropped about 90%, blocktime is about 15 minutes now if I remember correctly it has never been this high, mooncoin is an even slower coin then bitcoin atm. With 107 blocks to mine in current difficulty, miners are leaving, its now taking 28 hours to the next diff change. Mining moon doesn't even outweigh power costs atm. I expect more miners to leave, which could possibly bring us in a dangarous situation. If bocktime nears 30 - 60 minutes the coin might become unusable as a 6 confirmation transaction will take 6 hours then. I myself will continue mining, as I've been since the start .

Is there any possibility the dev changes diff rescheduling to 1 - 5 blocks?