FrequencyX
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Activity: 10
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January 16, 2014, 05:30:54 PM |
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I think I am going to dump most of my dents. Too much pre-mine, not enough promotion etc.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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GoldenChalice
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Activity: 14
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January 16, 2014, 05:35:31 PM |
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My btc is worth 1/3 of what I bought into. This coin is a scam
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nesco1805
Member
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Activity: 70
Merit: 10
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January 16, 2014, 05:35:40 PM |
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640 per coin now. Nice drop by 33% in price since I went to bed. This investment is terrible. It won't go up in price past 1500 ever again.
well... 1500+ was due to hitting large exchange (cryptsy), and due to people's fascination with ultra-rare supply: WOW ONLY 42 IN THE WHOLE WORLD - MEANS 1 MUST BE WORTH BAJILLION when it comes to scrypt alt-coins, 42 daily generated volume is right next to WDC, and second only to... DOGE! |
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flipstyle
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January 16, 2014, 05:35:50 PM |
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Also: I'm completely mind-fucked.
Could someone please give me simple-pasta on how to figure out what constitutes a single 'dent' of this stuff?
Like what decimal place does a single unit dent start out?
0.000001?
0.00001?
I'm completely lost what constitutes a dent and what constitutes a fraction of a dent.
Thanks.
A Dent is the 42 equivalent of Bitcoin's satoshi: 0.00000001 Currently there aren't any fractions of Dents. (Or satoshis) Thank you sir. Jesus...am I reading this right then...the price of a single dent is currently almost $600 and was well over 1k at one point? o.0 If so, the dev's pre-mine would be worth a LOT more than 300 btc's, I'm assuming? 1 dent is 0.00000675 BTC ;-) ahhh ok that makes better sense lol Then what is the 'unit price' on cryptsy? How many dents for that price? |
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tjc
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January 16, 2014, 05:38:17 PM |
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You can not promote a coin without resources. A 1% premine is very reasonable. Do what you need to do dev(s).
The leader owns ~50% of TOTAL 42 volume (minus everything he sold) You're a moron if you think that's reasonablehttp://altexplorer.net/chain/42Coins: 0.9377337 He owned a 100% of it all in the first 1 minute. If its not promoted well, he will eventually own 50% of nothing forever. What is a reasonable premine for you? |
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flipstyle
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January 16, 2014, 05:39:50 PM |
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Dev's been online, his status says just this morning. Yet no reply.
I mean, I was skeptical about nxt's POS system and the ultimate pump n' dump, but this...
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skillrun
Member
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Activity: 98
Merit: 10
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January 16, 2014, 05:43:36 PM |
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Nice spike back up in price  got fucked by the this one Explain? Did you invest at high price? @678...so yes |
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nesco1805
Member
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Activity: 70
Merit: 10
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January 16, 2014, 05:48:46 PM |
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He owned a 100% of it all in the first 1 minute. If its not promoted well, he will eventually own 50% of nothing forever.
What is a reasonable premine for you?
Why do you think we have new coin every day? Most of them will never hit exchange, but if they do... Almost every 1-2% premined alt-coin has it's owner sitting at 50% supply the moment coin hits exchange. I don't think that's reasonable at all. Unless its warranted with something that's really extraordinary. |
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ozzymax
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January 16, 2014, 05:50:38 PM |
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Nice spike back up in price got fucked by the this one Explain? Did you invest at high price? @678...so yes that's nothing, I bought @ 1115. Stop your winging |
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Zombie123
Legendary
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Activity: 868
Merit: 1000
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January 16, 2014, 05:51:07 PM |
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This is how I played this coin and it worked for most part Sold all my mined coins at 1500 ! Bought at 1000 sold at 1200 Bought at 900 sold at 1100 bought at 850 sold at 1000 bought at 800/750/700/650 ( was sleeping so all walls broke lol)  was scared sold all at 700 ( obviously bought a lot more at 650 so overall it was fine ) Good luck I am out now |
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flipstyle
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January 16, 2014, 05:53:07 PM |
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This is how I played this coin and it worked for most part Sold all my mined coins at 1500 ! Bought at 1000 sold at 1200 Bought at 900 sold at 1100 bought at 850 sold at 1000 bought at 800/750/700/650 ( was sleeping so all walls broke lol) was scared sold all at 700 ( obviously bought a lot more at 650 so overall it was fine ) Good luck I am out now how many 'dents' do you get for those spot prices? I'm still confused as to the unit of measure and pricing of this stuff. |
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Zombie123
Legendary
Offline
Activity: 868
Merit: 1000
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January 16, 2014, 05:54:53 PM |
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This is how I played this coin and it worked for most part Sold all my mined coins at 1500 ! Bought at 1000 sold at 1200 Bought at 900 sold at 1100 bought at 850 sold at 1000 bought at 800/750/700/650 ( was sleeping so all walls broke lol) was scared sold all at 700 ( obviously bought a lot more at 650 so overall it was fine ) Good luck I am out now how many 'dents' do you get for those spot prices? I'm still confused as to the unit of measure and pricing of this stuff. If price is 1000BTC for 1 42 ==> 1 BTC = .001 "42" == .001 * 10000000 = 100,000 DENTS |
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flipstyle
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January 16, 2014, 05:56:14 PM |
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This is how I played this coin and it worked for most part Sold all my mined coins at 1500 ! Bought at 1000 sold at 1200 Bought at 900 sold at 1100 bought at 850 sold at 1000 bought at 800/750/700/650 ( was sleeping so all walls broke lol) was scared sold all at 700 ( obviously bought a lot more at 650 so overall it was fine ) Good luck I am out now how many 'dents' do you get for those spot prices? I'm still confused as to the unit of measure and pricing of this stuff. 1 Dent == 1santoshi 42 ie .00000001 42 == 1 Dent thanks I was more referring to the chart prices... ie: its current ~600 price...how many dents for that price? |
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tjc
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January 16, 2014, 06:00:09 PM |
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He owned a 100% of it all in the first 1 minute. If its not promoted well, he will eventually own 50% of nothing forever.
What is a reasonable premine for you?
Why do you think we have new coin every day? Most of them will never hit exchange, but if they do... Almost every 1-2% premined alt-coin has it's owner sitting at 50% supply the moment coin hits exchange. I don't think that's reasonable at all. Unless its warranted with something that's really extraordinary. Yes, thank you, I get the alt coin game. Now, if you are a legit dev with a meaningful coin - tell me what you think is a reasonable premine would be. |
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Zombie123
Legendary
Offline
Activity: 868
Merit: 1000
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January 16, 2014, 06:04:34 PM |
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This is how I played this coin and it worked for most part Sold all my mined coins at 1500 ! Bought at 1000 sold at 1200 Bought at 900 sold at 1100 bought at 850 sold at 1000 bought at 800/750/700/650 ( was sleeping so all walls broke lol) was scared sold all at 700 ( obviously bought a lot more at 650 so overall it was fine ) Good luck I am out now how many 'dents' do you get for those spot prices? I'm still confused as to the unit of measure and pricing of this stuff. 1 Dent == 1santoshi 42 ie .00000001 42 == 1 Dent thanks I was more referring to the chart prices... ie: its current ~600 price...how many dents for that price? If price is 1000BTC for 1 42 ==> 1 BTC = .001 "42" == .001 * 100000000 = 100,000 DENTS for 600 600BTC = 1 FortyTwo 1BTC = 1/600 Forty Two == (1/600)*100000000 == 166666 DENTS |
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StewartJ
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January 16, 2014, 06:04:54 PM |
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You can not promote a coin without resources. A 1% premine is very reasonable. Do what you need to do dev(s).
The leader owns ~50% of TOTAL 42 volume (minus everything he sold) You're a moron if you think that's reasonablehttp://altexplorer.net/chain/42Coins: 0.9377337 That is the total of the coins mined, not owned by the Dev. |
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flipstyle
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January 16, 2014, 06:04:59 PM |
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This is how I played this coin and it worked for most part Sold all my mined coins at 1500 ! Bought at 1000 sold at 1200 Bought at 900 sold at 1100 bought at 850 sold at 1000 bought at 800/750/700/650 ( was sleeping so all walls broke lol) was scared sold all at 700 ( obviously bought a lot more at 650 so overall it was fine ) Good luck I am out now how many 'dents' do you get for those spot prices? I'm still confused as to the unit of measure and pricing of this stuff. If price is 1000BTC for 1 42 ==> 1 BTC = .001 "42" == .001 * 10000000 = 100,000 DENTS thank you, good sir...that cleared everything up |
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GoldenChalice
Newbie
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Activity: 14
Merit: 0
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January 16, 2014, 06:06:23 PM |
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DON'T WORRY GUYS JUST HOLD.
Now it is almost under 600 BTC.
It's a fucking scam. The coin should have held it's price if it wasn't.
All it was was another pump and dump.
I traded out. Went from 0.236 bitcoins to 0.09.
Only miners profited. Guys like me are bag holders.
A big fuck you to you pump and dumpers.
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flipstyle
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January 16, 2014, 06:07:52 PM |
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So do we know the dev's blockchain address?
Can we confirm he hasn't/didn't sell a great majority of his premine when the prices were high before the crash?
That could prove telling....
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skillrun
Member
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Activity: 98
Merit: 10
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January 16, 2014, 06:10:05 PM |
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So do we know the dev's blockchain address?
Can we confirm he hasn't/didn't sell a great majority of his premine when the prices were high before the crash?
That could prove telling....
he sent out free coins @ the giveaway so we could track this address... |
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