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[silencesilence]

  someone tight dumping prices and lower the cost of smart coin  

 

N/A   Thu Feb 20 12:20:04   20.1997879 SMC   0.00000800   0.00016160 BTC
N/A   Thu Feb 20 12:16:05   0.00003865 SMC   0.00003100   0.00000000 BTC
N/A   Thu Feb 20 12:15:16   117348.7125 SMC   0.00000001   0.00117349 BTC
N/A   Thu Feb 20 12:15:06   17203.5936433 SMC   0.00000201   0.03457922 BTC
N/A   Thu Feb 20 12:14:58   7408.67219715 SMC   0.00000207   0.01533595 BTC
N/A   Thu Feb 20 12:14:47   4020.22969635 SMC   0.00000431   0.01732719 BTC
N/A   Thu Feb 20 12:14:35   7392.6018389 SMC   0.00000998   0.07377817 BTC
N/A   Thu Feb 20 12:14:19   1697.45 SMC   0.00000998   0.01694055 BTC
N/A   Thu Feb 20 12:14:07   1912.37962125 SMC   0.00002626   0.05021909 BTC
N/A   Thu Feb 20 12:13:55   1862.47724854 SMC   0.00003100   0.05773679 BTC
N/A   Thu Feb 20 12:13:32   998.5 SMC   0.00003100   0.03095350 BTC
N/A   Thu Feb 20 12:13:32   998.5 SMC   0.00003100   0.03095350 BTC
N/A   Thu Feb 20 12:13:20   586.77561435 SMC   0.00003780   0.02218012 BTC
N/A   Thu Feb 20 12:13:02   399.4 SMC   0.00003820   0.01525708 BTC
This must be a JOKEEEE!!!

some simply transferred from one pocket to another pocket

maybe one person playing in the market with the nerves of the market people in smart coin

It's impossible for someone to sold at that price .... I'll go crazy ....

may soon have suicide

[Symbiont]

Russian thread: https://bitcointalk.org/index.php?topic=476603.msg5256884#msg5256884

Very nice. Good work. I´ll add the link to the german thread.

[arnie123]

no marketing guy here, but I made pretty much the same thought process as you. with all the coins out there, something like a doge-coin is very successful right now, what does it mean? well to analyze a bit around: from my observation there is something like hype in pop culture which leads to certain "products" to become very successful for a limited period of time. If you ask me, dogecoin seems to be just that within the crypto world, and I agree, it wont survive long term, as teenies and girlies and reddit victims probably simply just loose interest in it, or maybe the start digging a kittencoin instead, anyways, that's all pretty silly nonserious stuff.

now lets get to litecoin: the name is actually well chosen, first of all that coin connects to bitcoin and solves most of it's flaws, and it carries it's function and purpose in it's name: it is the light version of bitcoin if you want.

but if we come to the whole pool of alts, and I have to agree with you again, the tech behind it is not that important for the masses, except for a few environmentalists who like coins that don't need much power to be mined and some other minority groups people will go with something catchy. I really wonder why it took so long to find the best name for a crypto coin, it should have been obvious even to the creators and namegivers of bitcoin itself... smart coin!

what are the implications of this name?

actually there are around three distinctive ones that I could find, some work at a very low/basic long range society development level, I will further explain:

1. the coining (no pun intended) of the word "smart" itself already happened with the widespread adoption of smart-phones! If that would not have happened already, smart could and would be taken by many with the connotation of "smart-ass" and "nerdy" stuff. This will not happen, smart is good.

2. there is a worldwide sociological movement from religion to science, from dark to light, and from stupid to smart going on. smartcoin with it's brilliant name just put's itself into just that boat and sails towards the worlds common denominator of global enlightenment, which is long due for this planet if you ask me. at the same time it may also put a stand on old money and old money systems, attacking it lightly and smartly: i.e. stupid money, banker's money and all the other stuff that just works like a method of taxation and thus costs money and is slow, but just maybe for that.

3. smart phones, and especially apple with their "i". there is no more direct and obvious link to that. If you ask a child what money makes most sense to be used with a smartphone it will probably answer something including that very word also, so it might aswell answer smartmoney/dollar/coins. and THAT is potential beyond belief. Also we know apple puts the letter "i" in front of all their smart devices, they call them "i" devices, which intuitively gets accepted as either intelligent devices or internet devices, more the further than the ladder! what does this mean? If apple won't create iMoney one day, we will probably be using smart money on our iphones one day, because every kid gets it that you need to use smart money on a smart pone, what is the thousands of years old symbol for money? it's the coin, thus it is so obvious that we intuitively are going to use smart coins to pay with our smart and i-devices.

these are the 3 cornerstones of smartcoin in my humble opinion. given that the devs and the comminity don't let the coin leave abondoned or in any other way malnourished, it will just grow fine and at some point create a hype which will settle down to steady growth and mass adoption instead of decay. this is no doge or kittencoin, not even an outer space quark coin, or ridiculous moon coin, this is something to be taken seriously and will take its rightful place amongst the tops if not THE top of cryptos just by basic logic and human intuition.

no coin can compete with this. I just wonder if the name can actually be "stolen" in any way, cause the marketing value of it is immense.

anyways, I am not heavily invested in this coin, although to some high percentage I am, which is still low by absolute means I guess - if you liked this explanation and want more analysis like this, maybe even on youtube, feel free to express your encouragement by that: SjZhcQbXW4kyPqDVNwig7gXDrJUVxMLDgv

thanks!
bye!

p.s. gonna hold this coin at least 12 months, even though it still sinks a bit, but whatever - tell me what you think!

a few points, just because there is a worldwide adoption of smartphones doesn't mean you can slap the word smart on anything and it'll succeed. There's really not that much in a name as you think, a lot of the world's biggest/most successful company have fairly ordinary names especially within the techsphere (microsoft, google, apple etc... ) do any of these sound particularly "smart" to you? the reason they succeed is because of their core product (google with their search engine, apple with their ipods/macs then later on iphones, microsoft with windows) to succeed you need a core product that can sell well which will then reflect in the success of the particular product, in this case, the prices of alt coins.

yes there may be pump and dumps and so forth, you guys can keep coming up with "smart" reasons to believe in this coin, I'll only remained convinced when the price starts moving the other way, upwards. I watch this coin drop from 30 cents to about 2 cents right now in two weeks, so once again, the price speaks for it self. Not so smart after all.

[adir77]

Edit: Can´t believe it... 117348.7125 SMC for 1 Satoshi??? Lucky bastard! Nobody will sell at this price. The only reason could be, that he has stolen the coins!

maybe mistake order purchase with sale

or rate 0.00000001 with 0.00011000 ok it unlikely.

Best Regards

[JCviggen]

I'm in the "someone sold to himself" camp with this. Putting in 1 satoshi is too unlikely to be a mistake. The order book was thin and someone decided to wipe it out and tank the price.

[Symbiont]

The coin has one huge benefit! The name! Forget us nerds. Each coin has to survive in the market later. Dealers and consumers must want to use the coin. Do you want to pay later with a Lemoncoin or a Smartcoin? In addition, you can easily remember the name, it is positive, thus has a good image and it´s has a lot of marketing possibilities with the name.

for all our sake i really hope you are right, in my opinion the name alone can't do too much. Dogecoin as an example, without the community it's just a meme, at the moment this coin has nothing really going for it since the community except for the vocal few doesn't have faith and no one is buying it. Everyone talks about the 'whales' buying it and holding it yet the volume is not even at 5 btc... ever since the great dump of 100 btc. I know I sound very negative but it's just the facts and reality of the situation right now

Even Doge is very new and I don´t believe it will be successful in the long term. I´m a marketing guy and I´m thinking in longer terms. From a marketing perspective, I can say that Smarcoin has the potential to be successfully established. Theoretically, any coin can have the same technical features, this is why I am convinced that the name and the marketing long term are the deciding point. Of course is dev and also community very important. But even if the first devs disappear, others can take over their job. A community builds up, if they believe that they can become rich with the coin There are more and more similar coins. In my opinion the community and the investors / whales will realize that the biggest difference is the name and the marketing potential with it.

no marketing guy here, but I made pretty much the same thought process as you. with all the coins out there, something like a doge-coin is very successful right now, what does it mean? well to analyze a bit around: from my observation there is something like hype in pop culture which leads to certain "products" to become very successful for a limited period of time. If you ask me, dogecoin seems to be just that within the crypto world, and I agree, it wont survive long term, as teenies and girlies and reddit victims probably simply just loose interest in it, or maybe the start digging a kittencoin instead, anyways, that's all pretty silly nonserious stuff.

now lets get to litecoin: the name is actually well chosen, first of all that coin connects to bitcoin and solves most of it's flaws, and it carries it's function and purpose in it's name: it is the light version of bitcoin if you want.

but if we come to the whole pool of alts, and I have to agree with you again, the tech behind it is not that important for the masses, except for a few environmentalists who like coins that don't need much power to be mined and some other minority groups people will go with something catchy. I really wonder why it took so long to find the best name for a crypto coin, it should have been obvious even to the creators and namegivers of bitcoin itself... smart coin!

what are the implications of this name?

actually there are around three distinctive ones that I could find, some work at a very low/basic long range society development level, I will further explain:

1. the coining (no pun intended) of the word "smart" itself already happened with the widespread adoption of smart-phones! If that would not have happened already, smart could and would be taken by many with the connotation of "smart-ass" and "nerdy" stuff. This will not happen, smart is good.

2. there is a worldwide sociological movement from religion to science, from dark to light, and from stupid to smart going on. smartcoin with it's brilliant name just put's itself into just that boat and sails towards the worlds common denominator of global enlightenment, which is long due for this planet if you ask me. at the same time it may also put a stand on old money and old money systems, attacking it lightly and smartly: i.e. stupid money, banker's money and all the other stuff that just works like a method of taxation and thus costs money and is slow, but just maybe for that.

3. smart phones, and especially apple with their "i". there is no more direct and obvious link to that. If you ask a child what money makes most sense to be used with a smartphone it will probably answer something including that very word also, so it might aswell answer smartmoney/dollar/coins. and THAT is potential beyond belief. Also we know apple puts the letter "i" in front of all their smart devices, they call them "i" devices, which intuitively gets accepted as either intelligent devices or internet devices, more the further than the ladder! what does this mean? If apple won't create iMoney one day, we will probably be using smart money on our iphones one day, because every kid gets it that you need to use smart money on a smart pone, what is the thousands of years old symbol for money? it's the coin, thus it is so obvious that we intuitively are going to use smart coins to pay with our smart and i-devices.

these are the 3 cornerstones of smartcoin in my humble opinion. given that the devs and the comminity don't let the coin leave abondoned or in any other way malnourished, it will just grow fine and at some point create a hype which will settle down to steady growth and mass adoption instead of decay. this is no doge or kittencoin, not even an outer space quark coin, or ridiculous moon coin, this is something to be taken seriously and will take its rightful place amongst the tops if not THE top of cryptos just by basic logic and human intuition.

no coin can compete with this. I just wonder if the name can actually be "stolen" in any way, cause the marketing value of it is immense.

anyways, I am not heavily invested in this coin, although to some high percentage I am, which is still low by absolute means I guess - if you liked this explanation and want more analysis like this, maybe even on youtube, feel free to express your encouragement by that: SjZhcQbXW4kyPqDVNwig7gXDrJUVxMLDgv

thanks!
bye!

p.s. gonna hold this coin at least 12 months, even though it still sinks a bit, but whatever - tell me what you think!

No wonder, but i totally agree with you. The smart theme has such a great potential and value. Smartphone / Smartcoin is only one very small part of it, but it´s an other proof of the potential and value. Nearly every person in the hole world understand the word smart. Smart is a positive thing in every society.

Smartcoin is the currency 2.0 for the hole world - it´s a smarter currency for a smarter world. This is the key fact we have to tell all the ppl out there. All of our marketing activities should include this massage, all headlines, all slogans, all pictures.

This is what smartcoin makes it better and more value as all of the other alt-coin out there.  

Edit:
@ arnie123: Be patient. All companies and all coins had, have and will have some ups and downs. To say a coin has no chance or value. because it´s dropping for some days is wrong. The coin is 3 weeks old. Give it some time. This is just the beginning. If in one year it´s still low like this, you could be right... but not now. Non of the alt-coin has atm a real value, even LTC hasn´t a big one. The "value" atm is the potential of a coin in the future. And I´m sure a ScamCoin won´t have a future, but a SmartCoin could and will have a huge potential to build up a real value. A SmartCoin will be adapted by a lot of merchants and ppl. will love to pay with a smart currency.

[metstijl]

arnie123 = atlantis

[Symbiont]

arnie123 = atlantis

Seems so

[silencesilence]

Do you think that this initiative - www.eff.org -  in the right

What do you think??

[smokim87]

I think we need to get added to bter. Expose SMC to the chinese.

[naturecollision]

ppl. will love to pay with a smart currency.

makes me wonder if there is even another level to it, just think about it: if you pay something you usually want to pay a fair price for it, making sure you made a smart decision.

wouldn't paying with smart coins imply to some extent that both the receiver and the sender of this money actually made a smart decision? I think if one is not aware of it, it will really apply, at least in the long run. Maybe the marketing specialist may tune in on this for a moment?

[smartcoin]

Hello everyone,

The SmartCoin reddit tipbot is now live - you can tip and be tipped in SmartCoin on reddit! Let's have some fun and be generous with this.

Details:

http://www.reddit.com/r/SmartCoin/comments/1yfuv4/the_smartcoin_tipbot_is_now_live_you_can_now_tip/

[sinnyc]

​

arnie123 = atlantis

Seems so

No way.  Arnie123 is far more lucid than Atlantis, even taking into account the fact that English is not Atlantis' first language.  Arnie is just another doubter/FUD spreader.  So what?   

__ __ __ __ __

I'm in this for the long haul.  I'm over 40, married with little kids, and have been investing my meager savings in the stock market since I was a teenager.  I've made some large chunks of money and I've lost large chunks, too.  I've never been much into day trading although I do it once in a while.  While it can certainly be profitable, it is very difficult to do well over time. Plus, it's stressful as hell   I prefer to look at long term trends, not minute to minute price fluctuations.  The problem is, this whole world is so new - even for those who were mining BTC from the beginning - that there simply is no long term.  Yet. 

Right now, the entire market is very, very volatile.  And with the explosion of popular interest over the past year, the introduction of cheap ASICs, an huge influx of noobs (like me), and a ton of other reasons, the entire crypto market is going to stay that way for some time.  It is just beginning to find its footing.

With everything based on BTC and the value of bitcoin swinging around as wildly as it has in the last 6 or 8 months, there is an immense amount of "irrational exuberance" - not for the concept of cryptocurrency but for the valuation of it.  A lot of things have to settle down before we get a clearer picture of where BTC is really going.
Will BTC be/remain the "standard"?
Can an alt coin (like Doge for example) prove that it can stick around if they don't reach the moon in the next few months, their (admittedly awesome) community calms down a bit, and the pricing stabilizes?
How will governmental regulation affect crypto?  Or perhaps I should say how badly will all of that regulation hurt it?
Or will crypto become a currency type that really does become fiat-independent and we are at the begining - the very lowest floors - of a new paradigm?

I don't know the answer to any of these questions but I do know that I'm excited enough to have invested real world money.  I don't have much - my sum total invested in crypto is 0.5btc.  I've managed, through some limited day trading and arbitrage, to acquire more than that but I am just a little fish - pretty much just krill for the whales   Still, I am in this for the long haul to see what happens.  No, I do not want to lose my money but at the same time, nothing risked means nothing gained.  And once again, this world is so young and this coins is only a month or so old.
Truthfully, we are just one alt coin in a sea that grows larger every day.  And there absolutely will be a shakeout where a lot of them (I suspect most of them) will get more or less discarded.  They'll end up like the penny stocks that you get market manipulating emails about claiming that "company x is poised to make a huge breakthrough - buy in NOW NOW NOW!"  In fact, that's really what they are now - including us.  Now some of those companies survive and prosper and some of the alt coins will, too.  The big question is: which ones?  Nobody knows.  For me, I'm looking for steady guidance, developmental progression, and, eventually, a stable and rising price.  NONE of the new alt coins has all 3 yet but after looking around, Smartcoin is one of the ones that I think has a chance.  I think our dev works hard and isn't easily shaken; I think there are some smart, enthusiastic members in this community who provide lots of great ideas such as logos, promotion, and exchange acceptance; and, yes, I think the name is good and that is a definite positive.

I chose Smartcoin because it looks like one of the better bets and my money is in for the long haul, even if it goes down to 1 satoshi.  On the one hand, my stake is worth a fraction of what it was, even as I still mine, so there is no point in selling.  But on the other, even if we were roaring up the valuation charts, I'd still be invested.  I'm incredibly curious to see where this whole thing goes!

[metstijl]

I dont get it , how does the tip bot work ?

[smartcoin]

​

arnie123 = atlantis

Seems so

No way.  Arnie123 is far more lucid than Atlantis, even taking into account the fact that English is not Atlantis' first language.  Arnie is just another doubter/FUD spreader.  So what?   

__ __ __ __ __

I'm in this for the long haul.  I'm over 40, married with little kids, and have been investing my meager savings in the stock market since I was a teenager.  I've made some large chunks of money and I've lost large chunks, too.  I've never been much into day trading although I do it once in a while.  While it can certainly be profitable, it is very difficult to do well over time. Plus, it's stressful as hell   I prefer to look at long term trends, not minute to minute price fluctuations.  The problem is, this whole world is so new - even for those who were mining BTC from the beginning - that there simply is no long term.  Yet. 

Right now, the entire market is very, very volatile.  And with the explosion of popular interest over the past year, the introduction of cheap ASICs, an huge influx of noobs (like me), and a ton of other reasons, the entire crypto market is going to stay that way for some time.  It is just beginning to find its footing.

With everything based on BTC and the value of bitcoin swinging around as wildly as it has in the last 6 or 8 months, there is an immense amount of "irrational exuberance" - not for the concept of cryptocurrency but for the valuation of it.  A lot of things have to settle down before we get a clearer picture of where BTC is really going.
Will BTC be/remain the "standard"?
Can an alt coin (like Doge for example) prove that it can stick around if they don't reach the moon in the next few months, their (admittedly awesome) community calms down a bit, and the pricing stabilizes?
How will governmental regulation affect crypto?  Or perhaps I should say how badly will all of that regulation hurt it?
Or will crypto become a currency type that really does become fiat-independent and we are at the begining - the very lowest floors - of a new paradigm?

I don't know the answer to any of these questions but I do know that I'm excited enough to have invested real world money.  I don't have much - my sum total invested in crypto is 0.5btc.  I've managed, through some limited day trading and arbitrage, to acquire more than that but I am just a little fish - pretty much just krill for the whales   Still, I am in this for the long haul to see what happens.  No, I do not want to lose my money but at the same time, nothing risked means nothing gained.  And once again, this world is so young and this coins is only a month or so old.
Truthfully, we are just one alt coin in a sea that grows larger every day.  And there absolutely will be a shakeout where a lot of them (I suspect most of them) will get more or less discarded.  They'll end up like the penny stocks that you get market manipulating emails about claiming that "company x is poised to make a huge breakthrough - buy in NOW NOW NOW!"  In fact, that's really what they are now - including us.  Now some of those companies survive and prosper and some of the alt coins will, too.  The big question is: which ones?  Nobody knows.  For me, I'm looking for steady guidance, developmental progression, and, eventually, a stable and rising price.  NONE of the new alt coins has all 3 yet but after looking around, Smartcoin is one of the ones that I think has a chance.  I think our dev works hard and isn't easily shaken; I think there are some smart, enthusiastic members in this community who provide lots of great ideas such as logos, promotion, and exchange acceptance; and, yes, I think the name is good and that is a definite positive.

I chose Smartcoin because it looks like one of the better bets and my money is in for the long haul, even if it goes down to 1 satoshi.  On the one hand, my stake is worth a fraction of what it was, even as I still mine, so there is no point in selling.  But on the other, even if we were roaring up the valuation charts, I'd still be invested.  I'm incredibly curious to see where this whole thing goes!

Thank you for your thoughtful words, sinnyc. I agree with you - the digital currency crowd tends to be a little more on the anxious and flighty side. However, you can rest assured that the SmartCoin team is a dedicated bunch, and we plan to continue developing awesome features for SmartCoin regardless of day-to-day market fluctuations. As we've said many times, SmartCoin is a long-term investment, not a get-rich-quick scheme. I'm glad you see that, and I'm glad you're a part of the SmartCoin community.

On that note, can we just say again, how awesome is the SmartCoin community?

[JobalFox]

+1

[svojoe]

What happened guys? why did the price tank so bad?  Its a rare coin!?

[rmines]

​

arnie123 = atlantis

Seems so

No way.  Arnie123 is far more lucid than Atlantis, even taking into account the fact that English is not Atlantis' first language.  Arnie is just another doubter/FUD spreader.  So what?   

__ __ __ __ __

I'm in this for the long haul.  I'm over 40, married with little kids, and have been investing my meager savings in the stock market since I was a teenager.  I've made some large chunks of money and I've lost large chunks, too.  I've never been much into day trading although I do it once in a while.  While it can certainly be profitable, it is very difficult to do well over time. Plus, it's stressful as hell   I prefer to look at long term trends, not minute to minute price fluctuations.  The problem is, this whole world is so new - even for those who were mining BTC from the beginning - that there simply is no long term.  Yet. 

Right now, the entire market is very, very volatile.  And with the explosion of popular interest over the past year, the introduction of cheap ASICs, an huge influx of noobs (like me), and a ton of other reasons, the entire crypto market is going to stay that way for some time.  It is just beginning to find its footing.

With everything based on BTC and the value of bitcoin swinging around as wildly as it has in the last 6 or 8 months, there is an immense amount of "irrational exuberance" - not for the concept of cryptocurrency but for the valuation of it.  A lot of things have to settle down before we get a clearer picture of where BTC is really going.
Will BTC be/remain the "standard"?
Can an alt coin (like Doge for example) prove that it can stick around if they don't reach the moon in the next few months, their (admittedly awesome) community calms down a bit, and the pricing stabilizes?
How will governmental regulation affect crypto?  Or perhaps I should say how badly will all of that regulation hurt it?
Or will crypto become a currency type that really does become fiat-independent and we are at the begining - the very lowest floors - of a new paradigm?

I don't know the answer to any of these questions but I do know that I'm excited enough to have invested real world money.  I don't have much - my sum total invested in crypto is 0.5btc.  I've managed, through some limited day trading and arbitrage, to acquire more than that but I am just a little fish - pretty much just krill for the whales   Still, I am in this for the long haul to see what happens.  No, I do not want to lose my money but at the same time, nothing risked means nothing gained.  And once again, this world is so young and this coins is only a month or so old.
Truthfully, we are just one alt coin in a sea that grows larger every day.  And there absolutely will be a shakeout where a lot of them (I suspect most of them) will get more or less discarded.  They'll end up like the penny stocks that you get market manipulating emails about claiming that "company x is poised to make a huge breakthrough - buy in NOW NOW NOW!"  In fact, that's really what they are now - including us.  Now some of those companies survive and prosper and some of the alt coins will, too.  The big question is: which ones?  Nobody knows.  For me, I'm looking for steady guidance, developmental progression, and, eventually, a stable and rising price.  NONE of the new alt coins has all 3 yet but after looking around, Smartcoin is one of the ones that I think has a chance.  I think our dev works hard and isn't easily shaken; I think there are some smart, enthusiastic members in this community who provide lots of great ideas such as logos, promotion, and exchange acceptance; and, yes, I think the name is good and that is a definite positive.

I chose Smartcoin because it looks like one of the better bets and my money is in for the long haul, even if it goes down to 1 satoshi.  On the one hand, my stake is worth a fraction of what it was, even as I still mine, so there is no point in selling.  But on the other, even if we were roaring up the valuation charts, I'd still be invested.  I'm incredibly curious to see where this whole thing goes!

Thank you for your thoughtful words, sinnyc. I agree with you - the digital currency crowd tends to be a little more on the anxious and flighty side. However, you can rest assured that the SmartCoin team is a dedicated bunch, and we plan to continue developing awesome features for SmartCoin regardless of day-to-day market fluctuations. As we've said many times, SmartCoin is a long-term investment, not a get-rich-quick scheme. I'm glad you see that, and I'm glad you're a part of the SmartCoin community.

On that note, can we just say again, how awesome is the SmartCoin community?

Great attitude, I love to read these words from you
It's this what will get smartcoin forward, not panicking after a dump and loosing faith in your creation.

[metstijl]

Nothin happened.
We doubled in 3 weeks time .

[tng811]

​

arnie123 = atlantis

Seems so

No way.  Arnie123 is far more lucid than Atlantis, even taking into account the fact that English is not Atlantis' first language.  Arnie is just another doubter/FUD spreader.  So what?   

__ __ __ __ __

I'm in this for the long haul.  I'm over 40, married with little kids, and have been investing my meager savings in the stock market since I was a teenager.  I've made some large chunks of money and I've lost large chunks, too.  I've never been much into day trading although I do it once in a while.  While it can certainly be profitable, it is very difficult to do well over time. Plus, it's stressful as hell   I prefer to look at long term trends, not minute to minute price fluctuations.  The problem is, this whole world is so new - even for those who were mining BTC from the beginning - that there simply is no long term.  Yet. 

Right now, the entire market is very, very volatile.  And with the explosion of popular interest over the past year, the introduction of cheap ASICs, an huge influx of noobs (like me), and a ton of other reasons, the entire crypto market is going to stay that way for some time.  It is just beginning to find its footing.

With everything based on BTC and the value of bitcoin swinging around as wildly as it has in the last 6 or 8 months, there is an immense amount of "irrational exuberance" - not for the concept of cryptocurrency but for the valuation of it.  A lot of things have to settle down before we get a clearer picture of where BTC is really going.
Will BTC be/remain the "standard"?
Can an alt coin (like Doge for example) prove that it can stick around if they don't reach the moon in the next few months, their (admittedly awesome) community calms down a bit, and the pricing stabilizes?
How will governmental regulation affect crypto?  Or perhaps I should say how badly will all of that regulation hurt it?
Or will crypto become a currency type that really does become fiat-independent and we are at the begining - the very lowest floors - of a new paradigm?

I don't know the answer to any of these questions but I do know that I'm excited enough to have invested real world money.  I don't have much - my sum total invested in crypto is 0.5btc.  I've managed, through some limited day trading and arbitrage, to acquire more than that but I am just a little fish - pretty much just krill for the whales   Still, I am in this for the long haul to see what happens.  No, I do not want to lose my money but at the same time, nothing risked means nothing gained.  And once again, this world is so young and this coins is only a month or so old.
Truthfully, we are just one alt coin in a sea that grows larger every day.  And there absolutely will be a shakeout where a lot of them (I suspect most of them) will get more or less discarded.  They'll end up like the penny stocks that you get market manipulating emails about claiming that "company x is poised to make a huge breakthrough - buy in NOW NOW NOW!"  In fact, that's really what they are now - including us.  Now some of those companies survive and prosper and some of the alt coins will, too.  The big question is: which ones?  Nobody knows.  For me, I'm looking for steady guidance, developmental progression, and, eventually, a stable and rising price.  NONE of the new alt coins has all 3 yet but after looking around, Smartcoin is one of the ones that I think has a chance.  I think our dev works hard and isn't easily shaken; I think there are some smart, enthusiastic members in this community who provide lots of great ideas such as logos, promotion, and exchange acceptance; and, yes, I think the name is good and that is a definite positive.

I chose Smartcoin because it looks like one of the better bets and my money is in for the long haul, even if it goes down to 1 satoshi.  On the one hand, my stake is worth a fraction of what it was, even as I still mine, so there is no point in selling.  But on the other, even if we were roaring up the valuation charts, I'd still be invested.  I'm incredibly curious to see where this whole thing goes!

Thank you for your thoughtful words, sinnyc. I agree with you - the digital currency crowd tends to be a little more on the anxious and flighty side. However, you can rest assured that the SmartCoin team is a dedicated bunch, and we plan to continue developing awesome features for SmartCoin regardless of day-to-day market fluctuations. As we've said many times, SmartCoin is a long-term investment, not a get-rich-quick scheme. I'm glad you see that, and I'm glad you're a part of the SmartCoin community.

On that note, can we just say again, how awesome is the SmartCoin community?

+1 awesome