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

[kaotik]

Interesting read on bitcoins and their adoption by big box retailers:
http://www.wired.com/business/2014/02/rise-fall-rise-patrick-byrne/?mbid=synd_digg
Zedcoin got a comment in, maybe we should also comment on how a gold rush is coming 

[Jes159]

exactly what is making the btc price drop so much anyway haven't really been paying attention until kdc plummeted

MtGox have stopped all BTC withdrawals. They are blaming Bitcoin devs for coin weakness that allows double transactions on withdrawals, bitcoin devs are blaming them for bad coding.

There are a lot of rumours that this is just MTGox trying to hide the fact that they are about to go down. If that happens there will be a pretty major drop in BTC price I would imagine, but it's all rumours as always.

Why would MtGox go down with all their assets?

I'm no expert, just passing on the rumours I've heard.

It's been said that they are very insolvent, which is why they are holding all BTC and using the withdrawal bug as an excuse. Again, all rumours.

[Kheg]

exactly what is making the btc price drop so much anyway haven't really been paying attention until kdc plummeted

MtGox have stopped all BTC withdrawals. They are blaming Bitcoin devs for coin weakness that allows double transactions on withdrawals, bitcoin devs are blaming them for bad coding.

There are a lot of rumours that this is just MTGox trying to hide the fact that they are about to go down. If that happens there will be a pretty major drop in BTC price I would imagine, but it's all rumours as always.

Why would MtGox go down with all their assets?

MtGox is a Ponzi scheme.  They don't have funds to pay out their current customers.

Seriously, WHY would any exchange be able to support a commodity price 10% higher than the rest of the world?  For example, when MtGox was trading BTC at $1000 USD+, the rest of the world was in the $900's.  If you were buying BTC, why would you even consider buying at MtGox?  You wouldn't.  Therefore there would be no buy support and the value of BTC would never be able to break parity from other exchanges at best, let alone exceed 10-15% higher than them.

The only explanation is that MtGox was artificially manipulating the numbers somehow, and more than likely running a Ponzi scheme borrowing money from new customers to pay the old ones.

It finally came crashing down around them and now they are looking for yet another excuse to dig themselves out from under their steaming pile.  Hopefully this time they won't and they'll die off for the better of the community.

[SkillRoad]

CoinArmy now hashing at 125mhs at a net rate of 200mhs. Time to switch to another pool to even things out!!

yes :/ looks like small time miner dropping off scewed things a little.

You as PR of KDC, can you not try to get more pools on this coin? We really need to split out miners! It is not possible that we only have 2 major pools, when one is going down then you have huge problems.

[placebo]

Had a brief email exchange with BitJohn on Cryptsy, asked him about Klondike, his response was:

"I would say it has a decent shot seems like a good coin."

We'll see I s'pose, but at least he's aware of us and has a favorable impression. I don't think Cryptsy would magically raise the price, but it would definitely be good exposure.

I use skype, much faster , he was planning to bring it up for the next batch, but the number of new coins is big, so they decide in a group which coin will make most sense to be added. Will cryptsy improve KDC coinprice, no, as the coin will already be a lot higher before it hits cryptsy. It happened with TIPS/MOON both were trading every low, rumors about cryptsy hit the market and TIPS/MOON went to the MOON, then they hit cryptsy, move a little higher and then dropped, but still both are 10 times higher then when they were trading at coinedup. I still believe that KDC can hit $1, as i said before. Look at CAT, they also hit $1 a few weeks ago. Now the number of coins has been increasing a little, hitting $1 would mean that we have a market cap of more the $3M, impossible? No, look at MEOW, they hit $2.8M when hitting cryptsy. I don't know who sold at 4000, but either he really had to pay electricity bills or really needed some money, or he don't understand altcoins at all. This coin is not dying or so. Look at the hashrate...

[MijntjeGoud]

Had a brief email exchange with BitJohn on Cryptsy, asked him about Klondike, his response was:

"I would say it has a decent shot seems like a good coin."

We'll see I s'pose, but at least he's aware of us and has a favorable impression. I don't think Cryptsy would magically raise the price, but it would definitely be good exposure.

I use skype, much faster , he was planning to bring it up for the next batch, but the number of new coins is big, so they decide in a group which coin will make most sense to be added. Will cryptsy improve KDC coinprice, no, as the coin will already be a lot higher before it hits cryptsy. It happened with TIPS/MOON both were trading every low, rumors about cryptsy hit the market and TIPS/MOON went to the MOON, then they hit cryptsy, move a little higher and then dropped, but still both are 10 times higher then when they were trading at coinedup. I still believe that KDC can hit $1, as i said before. Look at CAT, they also hit $1 a few weeks ago. Now the number of coins has been increasing a little, hitting $1 would mean that we have a market cap of more the $3M, impossible? No, look at MEOW, they hit $2.8M when hitting cryptsy. I don't know who sold at 4000, but either he really had to pay electricity bills or really needed some money, or he don't understand altcoins at all. This coin is not dying or so. Look at the hashrate...

This is some good information! I  hope the rest of the group also want this coin on with the next batch

[placebo]

exactly what is making the btc price drop so much anyway haven't really been paying attention until kdc plummeted

MtGox have stopped all BTC withdrawals. They are blaming Bitcoin devs for coin weakness that allows double transactions on withdrawals, bitcoin devs are blaming them for bad coding.

There are a lot of rumours that this is just MTGox trying to hide the fact that they are about to go down. If that happens there will be a pretty major drop in BTC price I would imagine, but it's all rumours as always.

Why would MtGox go down with all their assets?

MtGox is a Ponzi scheme.  They don't have funds to pay out their current customers.

Seriously, WHY would any exchange be able to support a commodity price 10% higher than the rest of the world?  For example, when MtGox was trading BTC at $1000 USD+, the rest of the world was in the $900's.  If you were buying BTC, why would you even consider buying at MtGox?  You wouldn't.  Therefore there would be no buy support and the value of BTC would never be able to break parity from other exchanges at best, let alone exceed 10-15% higher than them.

The only explanation is that MtGox was artificially manipulating the numbers somehow, and more than likely running a Ponzi scheme borrowing money from new customers to pay the old ones.

It finally came crashing down around them and now they are looking for yet another excuse to dig themselves out from under their steaming pile.  Hopefully this time they won't and they'll die off for the better of the community.

Hard stuff... you think they used customer money for their own profit, and now because BTC is not moving higher they have problems to payback customers?  Those exchange all ask commissions, and a lot of it!!! For example when you check how much cryptsy earn everyday on commisions then i don't think MtGox can have run out of money, unless that guy spend everything on drugs and girls.

[Kheg]

exactly what is making the btc price drop so much anyway haven't really been paying attention until kdc plummeted

MtGox have stopped all BTC withdrawals. They are blaming Bitcoin devs for coin weakness that allows double transactions on withdrawals, bitcoin devs are blaming them for bad coding.

There are a lot of rumours that this is just MTGox trying to hide the fact that they are about to go down. If that happens there will be a pretty major drop in BTC price I would imagine, but it's all rumours as always.

Why would MtGox go down with all their assets?

MtGox is a Ponzi scheme.  They don't have funds to pay out their current customers.

Seriously, WHY would any exchange be able to support a commodity price 10% higher than the rest of the world?  For example, when MtGox was trading BTC at $1000 USD+, the rest of the world was in the $900's.  If you were buying BTC, why would you even consider buying at MtGox?  You wouldn't.  Therefore there would be no buy support and the value of BTC would never be able to break parity from other exchanges at best, let alone exceed 10-15% higher than them.

The only explanation is that MtGox was artificially manipulating the numbers somehow, and more than likely running a Ponzi scheme borrowing money from new customers to pay the old ones.

It finally came crashing down around them and now they are looking for yet another excuse to dig themselves out from under their steaming pile.  Hopefully this time they won't and they'll die off for the better of the community.

Hard stuff... you think they used customer money for their own profit, and now because BTC is not moving higher they have problems to payback customers?  Those exchange all ask commissions, and a lot of it!!! For example when you check how much cryptsy earn everyday on commisions then i don't think MtGox can have run out of money, unless that guy spend everything on drugs and girls.

I wouldn't doubt it for a second.

Is the owner of MtGox still missing by the way?  Last I knew he disappeared several days ago, along with something like $38 million.

[cryptoatc]

Klondike still going down???

[kaotik]

For those of you who have been mining for over 6 months, which strategy is better, get in early on a coin and hold for a couple of months or immediately pump and dump? If you have to balance between paying the bills and keeping some with hopes of a better payout, what strategy do you adopt?
How long have you held on to a coin? Do you mine several coins or stick to just one?

Thanks. I'm new to mining and would really appreciate feedback from people with experience.

[Kheg]

Klondike still going down???

It's been relatively stable since last night in the 5000's.

Before anyone says otherwise, pretty much all of the altcoins have tanked over the last few days.  SmartCoin has shaved off 50%, Coino has gone down 40%, Digibyte has gone down about 40%, even most of the old guard coins have been falling too thanks to the BTC market - nobody wants to spend money.

The exception of course is Dogecoin.

[Jes159]

Klondike still going down???

It's been relatively stable since last night in the 5000's.

Before anyone says otherwise, pretty much all of the altcoins have tanked over the last few days.  SmartCoin has shaved off 50%, Coino has gone down 40%, Digibyte has gone down about 40%, even most of the old guard coins have been falling too thanks to the BTC market - nobody wants to spend money.

The exception of course is Dogecoin.

lol, to the moon!

Doge has been such a massive success due to the community. A lot of people said it was an awful idea at first, but they've proved with a good community you can pretty much make any altcoin popular.

[Jes159]

Klondike still going down???

It's been relatively stable since last night in the 5000's.

Before anyone says otherwise, pretty much all of the altcoins have tanked over the last few days.  SmartCoin has shaved off 50%, Coino has gone down 40%, Digibyte has gone down about 40%, even most of the old guard coins have been falling too thanks to the BTC market - nobody wants to spend money.

The exception of course is Dogecoin.

lol, to the moon!

Doge has been such a massive success due to the community. A lot of people said it was an awful idea at first, but they've proven that with a good community you can pretty much make any altcoin popular.

[hoju2k]

Klondike still going down???

It's been relatively stable since last night in the 5000's.

Before anyone says otherwise, pretty much all of the altcoins have tanked over the last few days.  SmartCoin has shaved off 50%, Coino has gone down 40%, Digibyte has gone down about 40%, even most of the old guard coins have been falling too thanks to the BTC market - nobody wants to spend money.

The exception of course is Dogecoin.

Yeah I agree... I'm watching Coino as well and is amazing how those two coins are almost always identical in price.

[placebo]

For those of you who have been mining for over 6 months, which strategy is better, get in early on a coin and hold for a couple of months or immediately pump and dump? If you have to balance between paying the bills and keeping some with hopes of a better payout, what strategy do you adopt?
How long have you held on to a coin? Do you mine several coins or stick to just one?

Thanks. I'm new to mining and would really appreciate feedback from people with experience.

Avoid new launches unless you can solo mine the first hour, if you're later then one hour then go back to the coin a few days later. Difficulty jump like crazy on the first day, result is, you will be able to mine more 2 days later then trying to fight against 5GH/s.

Take a coin with real development team. Like KDC for example. The best strategy is very difficult to say... I was mining TIPS and had a few Ms everyday and sold it at 2 satoshi agaist LTC!!! I was mining MEOW and sold it at 2 against BTC, as at that time it was a good price.

KDC is very difficult to mine, sometimes it is better to buy the coin from a exchange and not to mine it. With the current difficulty drop, KDC looks again more and more interesting to mine, and if you need to pay bills or so, then you're sure that there is enough people that want to buy your mine coins

[Kheg]

Klondike still going down???

It's been relatively stable since last night in the 5000's.

Before anyone says otherwise, pretty much all of the altcoins have tanked over the last few days.  SmartCoin has shaved off 50%, Coino has gone down 40%, Digibyte has gone down about 40%, even most of the old guard coins have been falling too thanks to the BTC market - nobody wants to spend money.

The exception of course is Dogecoin.

lol, to the moon!

Doge has been such a massive success due to the community. A lot of people said it was an awful idea at first, but they've proved with a good community you can pretty much make any altcoin popular.

But but... how dare you say the community is responsible for making a coin useful?!

It's completely the dev's responsiblity to make us rich by forcing block changes and whatnot dontchaknow!

 

[Jes159]

I know, sorry! I'll get back under my rock.

[Blackblanco]

Wow, I was actually reading through this whole thread last night and I got inspired to go purchase a chunk of Klondikes.  I just went to Coinmarket.io and I have to say I have changed my mind.  A never-ending stack of buys for 10 coins at a time just to make a point and desperately sustain a pricecomes across as adolescent and obnoxious.  I can't even see one legit buy order to be able to tell what a real demand price might be.  You are hurting your coin and it's unfortunate because you have obviously worked very hard.  Good luck sorting things out.

[Jilixi]

Wow, I was actually reading through this whole thread last night and I got inspired to go purchase a chunk of Klondikes.  I just went to Coinmarket.io and I have to say I have changed my mind.  A never-ending stack of buys for 10 coins at a time just to make a point and desperately sustain a pricecomes across as adolescent and obnoxious.  I can't even see one legit buy order to be able to tell what a real demand price might be.  You are hurting your coin and it's unfortunate because you have obviously worked very hard.  Good luck sorting things out.

Go check Coinedup instead, there are 10 BTC buy orders at the top.

Well there were, 4.5 BTC left

[Jes159]

Wow, I was actually reading through this whole thread last night and I got inspired to go purchase a chunk of Klondikes.  I just went to Coinmarket.io and I have to say I have changed my mind.  A never-ending stack of buys for 10 coins at a time just to make a point and desperately sustain a pricecomes across as adolescent and obnoxious.  I can't even see one legit buy order to be able to tell what a real demand price might be.  You are hurting your coin and it's unfortunate because you have obviously worked very hard.  Good luck sorting things out.

Not seeing this - maybe they've taken it down? Also, that can happen with any coin - anyone can just go and put a bunch of orders in like that and I've seen it multiple times.