hey everyone. Quick apology for my delayed update. I have been extremely busy so please understand that although you may see me online and posting in other threads, sometimes I am not available to post in this thread. I also have a 9-5 job plus my addiction to HBO, AMC, FX and Showtime doesn't help much.
Unrelated to HBN update:MINT had my focus for a bit the month of February and I made out very well. Mined a bunch of MINT during the first week, bought a nice chunk @ 8 satoshis and dumped it all @ 28 satoshis. Coin devs need to understand that 20% APR is not attractive for a long term investment, when MINT can lose/gain over 100% in one day. I rolled some of my profits in Blackcoin, but lost about 1/3 on the downtrend. dumped the last of my BC at around 1200 satoshis. I was really just messing around with some of my profits, so all in all I came out ahead.
Anyways, lets move on to the Hobonickels.
February: PoS coins mined: 6024.111203 HBN
Orphans: 14 blocks
Biggest PoS block: 874.411018 HBN
Year Total: PoS coins mined: 6675.467624 HBN
Orphans: 18 blocks
Biggest PoS block: 874.411018 HBN
Account Size: 87401.186728 HBN
As you guys recall, I sold 3000 HBN when the coin rallied above 30000 satoshis. The book value on the 3000 HBN was slightly over 1 BTC. I still have 3675.46 HBN that have been PoS mined. The book value on these coins as of this post is 0.69966057 BTC using a price of 19036 Satoshis. Since the book value is less than 1 BTC, I will continue to hold these coins. I might not sell even if the PoS mined coins are valued over 1 BTC, as I still feel that HBN is undervalued.
HBN, along with other PoS coins, have held up very well against the BTC sell off. I still see PoS investing as a new concept and it might take some time for it to really catch on. It seems like there are alot of scamcoins coming out, trying to trick people into "investing" into utter trash. Most of these coins fail for many reasons, but one of those reasons are useless devs. So here is a quick way to know if a dev is any good.
Excellent DevHobonickels Dev: Name: Tranz
Posts: 1022
Activity: 378
Position: Sr. Member
Date Registered: February 15, 2013, 03:17:09 PM
Last Active: Today at 07:57:40 PM
Read through his posts and you will see that he is VERY active with hobonickels. Always there to give a helping hand, implementing features like coin-control and multiple wallets. (Everyone point and laugh at Feathercoin for implementing coin control hahaha). Also big things are going to be coming out with the release of 1.4v. Exciting stuff indeed you guys should check out the main hobonickels thread here
https://bitcointalk.org/index.php?topic=303749.0
Horrible DevScamcoin (Stackcoin) Dev:Name: Stack-Coin
Posts: 90
Activity: 28
Position: Newbie
Date Registered: February 09, 2014, 08:26:35 PM
Last Active: February 22, 2014, 12:21:10 PM
pulled off a successful scam. No innovation, no proof of being a long-standing member, produced a couple screenshots of a wallet and scammed people for a lot of BTC. Basically, if the name of the dev matches the name of the coin, chances are it's a scamcoin. People need to stop chasing the "next great coin" and look at the coins that have been around for a while. Research the devs, talk to the communities. Get involved. It breaks my soul to know that people are getting scammed by 12 year olds using MS Paint and copy/pasting scrypt coins, when they can be making sound investments into coins like Hobonickels. This allowing people like Trans to innovate, create and come up with new ideas that are beneficial to everyone involved in the crypto-community.
If you guys want to keep derping around and like getting scammed by these soul less scum bags please be my guest. But I hope that this journal can educate the few people here that are serious about making money and plan to stay in the game for the long haul.
On that note, Hobonickels been a successful investment so far. I am very happy with the results. Questions, Comments, Concerns please feel free to address them in this thread or PM me.
