[ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC]

[gutshot5820]

I wonder if this coin is still profitable?  atm it probably works against the supply and demand of KDC.  If Hashing power goes up because it is popular and people are buying and interested in mining that is great,  But if Hashing power goes up because one or two huge rigs are mining and selling, then that is terrible because all they are doing is mining most of the coins and dumping as fast as they mine it as long as the price is right.  Either the difficulty needs to go up the price needs to go down in order to keep the big rigs off.  Am I mistaken?

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[FreePls]

oh god its just dropping more and more

[Gabri]

oh god its just dropping more and more

No stress 

[Lordsomnium]

oh god its just dropping more and more

Dropping but still more profit than DOGE
http://klondikefan.com/the-market/

[Sparkzor]

oh god its just dropping more and more

I like it!
I hope it goes down to 10 again!

[snaildvorak]

oh god its just dropping more and more

I like it!
I hope it goes down to 10 again!

+1

so I can buy more 

[gutshot5820]

Ive come to the conclusion that KDC needs to drop so we can get rid of the big rigs that are mining most of the coins and dumping.  they are outstripping the demand.  There was scant supply just a few days ago and now there is a constant nonstop selling going on.  There has been plenty of buying and we should be trading much higher now or at least stabilized but the big mining rigs jumped up the hashing and dominated all the coins and dumped it all as long as the price is high.

[ZeroAsANumber]

I wonder if this coin is still profitable?  atm it probably works against the supply and demand of KDC.  If Hashing power goes up because it is popular and people are buying and interested in mining that is great,  But if Hashing power goes up because one or two huge rigs are mining and selling, then that is terrible because all they are doing is mining most of the coins and dumping as fast as they mine it as long as the price is right.  Either the difficulty needs to go up the price needs to go down in order to keep the big rigs off.  Am I mistaken?

let them big miners sell, IMO. coin dispersal is good for a new coin, and volume at coinmarket shows that. maybe it would take more time because miners are dumping and price will fluctuate, but in the end, it just says that more and more ppl want to get their hands on Klondike, and that's a good thing.

My only concern was the multipools. with that kind of hash those pools could really wreck a young coin, right now eac is being plowed by middlecoin, and the price of eac reflect that (enormous mega-dumps on Cryptsy). I hope that with Kimotos gravity well those pools will just skip Klondike as they don't want to be bothered with that algorithm.

as for my speculation, once we've hit a big exchange, klondike value will decrease because a lot of ppl are waiting for a bigger volume that will handle their large amounts of klondike coins, I hope I'm wrong, but as for now, that is my opinion....

but regardless, coin dispersal is good, means that there is a demand. what will happen when that demand will meet with the block halving?

hehe... we'll just wait and see.

[gutshot5820]

I wonder if this coin is still profitable?  atm it probably works against the supply and demand of KDC.  If Hashing power goes up because it is popular and people are buying and interested in mining that is great,  But if Hashing power goes up because one or two huge rigs are mining and selling, then that is terrible because all they are doing is mining most of the coins and dumping as fast as they mine it as long as the price is right.  Either the difficulty needs to go up the price needs to go down in order to keep the big rigs off.  Am I mistaken?

let them big miners sell, IMO. coin dispersal is good for a new coin, and volume at coinmarket shows that. maybe it would take more time because miners are dumping and price will fluctuate, but in the end, it just says that more and more ppl want to get their hands on Klondike, and that's a good thing.

My only concern was the multipools. with that kind of hash tose pools could really wreck a young coin, right now eac is being plowed by middlecoin, and the price of eac reflect that (enormous mega-dumps on Cryptsy).

as for my speculation, once we've hit a big exchange, klondike value will decrease because a lot of ppl are waiting for a bigger volume that will handle their large amounts of klondike coins, I hope I'm wrong, but as for now, that is my opinion....

but regardless, coin dispersal is good, means that there is a demand. what will happen when that demand will meet with the block halving?

hehe... we'll just wait and see.

That is my point.  The coin is gaining in popularity but as long as the price remains high (relative to the difficulty), the big rigs will be mining most of the coins (not buying) and dumping and eating up all the demand.  The demand cannot keep up with the supply.  The value of the coin needs to go down more to keep the big rigs off the coin and into the hands of people who will not dump as fast.  As long as the price remains over 10,000 the big rigs are waiting with 1000.s of Klondikes and eating any large buy orders on the spot. Personally since Im holding my Klondikes long term,  i would rather it go back down to 10,000 get the bg rigs off the  coin and buy another 25K and let the coins rise slowly.

I wonder if the dev could increase the difficulty to decrease the supply.  All these new coins coming into the market everyday is probably not healthy while we are on a small exchange.

[PeterPalmBeach]

Wow. We are getting closer to post #4000. Nice.
Any recent news from devs on any new developments ?

[chowmeow]

Wow - selling @ these prices is insane.

As in diagnosable.

[ZeroAsANumber]

I wonder if the dev could increase the difficulty to decrease the supply

Only by block halving. any other kind of direct manipulation with the diff will result in the lose of trust of buyers and suppliers alike.

All these new coins coming into the market everyday is probably not healthy while we are on a small exchange

Patience, a 204 BTC volume will not go unnoticed by major exchanges, and they WILL have their piece of the pie.
when that happens, price will have a short spike upward and then spiral down, after that period, demand will even out with the supply and price will stabilize. some time after that the block halving would occur, only after that we could walk on the moon.

[gutshot5820]

I wonder if the dev could increase the difficulty to decrease the supply

Only by block halving. any other kind of direct manipulation with the diff will result in the lose of trust of buyers and suppliers alike.

All these new coins coming into the market everyday is probably not healthy while we are on a small exchange

Patience, a 204 BTC volume will not go unnoticed by major exchanges, and they WILL have their piece of the pie.
when that happens, price will have a short spike upward and then spiral down, after that period, demand will even out with the supply and price will stabilize. some time after that the block halving would occur, only after that we could walk on the moon.

Then block halving should be fully considered...there are way too many coins being mined a day.  We have a good amount of buying but cant keep up with the selling going on.

How many new coins are being mined a day at the current difficulty?  I want the damn coin to drop to 10,000 would be pretty easy to do that right now.  Where are all the sellers coming from every day?  The coin has been dropping steadily so they must be newly mined coins.  Im not worried about the price, Im just curious about the dynamics of the pricing and why there seems to be an excess of supply when the price is going down.  There should be should have been a lot of support at 20,000 but the constant selling signals to me that these are newly mined coins from big rigs that have no interest in the coin except to mine and sell them.

Im convinced its one or two big rigs that are doing all the mining and selling right now.

[tminer]

not to worry in selling. coin will go to more strong hands. but one thing we need is the steady increase in difficulty.

[Angkor]

not to worry in selling. coin will go to more strong hands. but one thing we need is the steady increase in difficulty.

yeah, the dev's should change the coin supply seriously

[PhattyBanks]

it is less profitable to mine than doge currently

[FreePls]

i would die for a 10x pump 

[foodies123]

i would die for a 10x pump 

hah

[Kheg]

not to worry in selling. coin will go to more strong hands. but one thing we need is the steady increase in difficulty.

yeah, the dev's should change the coin supply seriously

Changing the coin supply will negatively impact the coin.  Seriously people - part of the strength of KDC is its parameters.  Its LIMITED parameters.  It's seriously undervalued right now, and it's surprisingly easy to mine.  The only reason prices aren't higher and its difficulty is so low is because it doesn't have more publicity.

Not that I'm advocating it, but if it were on a major exchange (Cryptsy, Coinex, Vircurex), it would take about 48 hours before mining difficulty shot up to about 400 and the average trading price would probably be around 0.0005.  Why?  Because KDC isn't on any exchange with a public API, meaning it doesn't show up on sites like Coinwarz, Coinchoose, etc.

Personally, I wouldn't mind seeing it dip under 0.0001 again... so I can buy a ton.

[FreePls]

i would die for a 10x pump 

hah

alot of people said this would be the value after it hits an good exchange..

well it would be godly