[ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!

[Protagonus]

i dont understand why you r trading UTC? - all the hard work we have been doing over the last few weeks and on the first day community members are selling for minimal profits?

Not I
Said the Fly
Standing Tall
On the Wall

But I Behest
It's One of the Rest
Not I
Said the Fly.

UTC sold since Launch 0

[jakiman]

i dont understand why you r trading UTC? - all the hard work we have been doing over the last few weeks and on the first day community members are selling for minimal profits?

We still need people to trade so that the trade volume is attractive to other traders/investors.

[Jarod1231]

i dont understand why you r trading UTC? - all the hard work we have been doing over the last few weeks and on the first day community members are selling for minimal profits?

I trade UTC to get more UTC.

Same here... I only sell my UTC to immediately buy more UTC 

[YAdaminer]

i dont understand why you r trading UTC? - all the hard work we have been doing over the last few weeks and on the first day community members are selling for minimal profits?

We still need people to trade so that the trade volume is attractive to other traders/investors.

If you need to trade then try to push things up a little, cause all I see is that daytraders hurting the coin and pulling price down for some small profit.

[YAdaminer]

i dont understand why you r trading UTC? - all the hard work we have been doing over the last few weeks and on the first day community members are selling for minimal profits?

We still need people to trade so that the trade volume is attractive to other traders/investors.

If you need to trade then try to push things up a little, cause all I see is that daytraders hurting the coin and pulling price down for some small profit.

Steadily going down. Hardly a good thing.

If tmr we reach 0.0004 and day after 0.0005 as daytraders activity I'll join them but when trend is oposit I can only say that daytraders not helping to no1. They just looking for their margin, but hey, we all are what we are.

[YAdaminer]

i dont understand why you r trading UTC? - all the hard work we have been doing over the last few weeks and on the first day community members are selling for minimal profits?

We still need people to trade so that the trade volume is attractive to other traders/investors.

If you need to trade then try to push things up a little, cause all I see is that daytraders hurting the coin and pulling price down for some small profit.

Steadily going down. Hardly a good thing.

Day-traders need it to go up AND down. We aren't determining what the price is, we are reacting to the price. The main thing determining the price is miners dumping at market value, and low volume of new traders.

Total bulshit, I mined 30k and sold less than 3k at 0.008, 0.007 and 0.006 so miners are not the problem, dumpers are.

[dooman13]

all UTC i mine, i keep. if i am mining elsewhere, its to trade for UTC.

like people using microsoft IE to download chrome. 

[Jarod1231]

i dont understand why you r trading UTC? - all the hard work we have been doing over the last few weeks and on the first day community members are selling for minimal profits?

We still need people to trade so that the trade volume is attractive to other traders/investors.

If you need to trade then try to push things up a little, cause all I see is that daytraders hurting the coin and pulling price down for some small profit.

Hmmm, the way that I day trade I'm playing the spread between coins looking for gaps... for example if somebody is willing to pay more for LTC/UTC, I'll sell them UTC, then sell the LTC for BTC and buy back into UTC with BTC at a profit ... Repeating the process until the BTC/UTC price either matches the LTC/UTC price or the premium LTC/UTC order is exhausted..... this really doesn't effect the price, it simply keeps it stable across trading pairs

[AceCobra1]

is cryptotrade trustworthy ?

[Jarod1231]

is cryptotrade trustworthy ?

Yes

[YAdaminer]

i dont understand why you r trading UTC? - all the hard work we have been doing over the last few weeks and on the first day community members are selling for minimal profits?

We still need people to trade so that the trade volume is attractive to other traders/investors.

If you need to trade then try to push things up a little, cause all I see is that daytraders hurting the coin and pulling price down for some small profit.

Steadily going down. Hardly a good thing.

Day-traders need it to go up AND down. We aren't determining what the price is, we are reacting to the price. The main thing determining the price is miners dumping at market value, and low volume of new traders.

Total bulshit, I mined 30k and sold less than 3k at 0.008, 0.007 and 0.006 so miners are not the problem, dumpers are.

You may not be the problem, but others are. I see it all day, every day. The lowest sell order is something like .00028, the highest buy order is something like .00025. A miner dumps his latest payout at market which is 25, because he probably uses autosell. If he'd place the order at .00028, it would fill, instead it fills lower. And anyone that was daytrading would never place an order lower than they had to.

But to add to this - a market needs buyers and sellers. No buy order will go through unless someone is selling. The place we want to get to is where more people are buying than selling. And to do that, people need to know about UTC. And for people to know about UTC, we need to promote it. And for people like me that are spending money to help build up UTC, we need to make money. And I make money by buying and selling UTC (and other coins).

We all saw that some significant members here dumpted today at high, so no, miners are not problem, dumpers are, opportunist are, and somehow I can see them more among daytraders then among miners. And for all who thinks that miners are problem maybe Ripple is best coin for them, it's not mineable, so there is no problem with miners. Going to bed, we'll see what morning will bring.

[dcgirl]

just heard that coinpayments.net is shutting down: https://www.coinpayments.net/help-shutdown

[solarflareq]

yep UTC has alot of day traders who continue to buy large at low then dump just a bit higher trashing the prices. when they sell the price needs to climb so they cant buy back in lower then they sold and it will stop the day trader dumps for a while.

[dcgirl]

OK, to continue the discussion about trading - how is a market supposed to function if no one ever sells? At what point do you all think its ok to sell? (My guess is that you just don't want anyone selling until the price reaches the point where you want to sell)

What's so bad about someone taking profits, at the price they choose? Each person that dumps matches up with someone else that buys, so I just don't get why this is a problem. The only problem at the moment is that there are more sellers than buyers, so the price is going down. The price will go up when people think it will make them money if they buy. I just really don't like the idea that you are criticizing people that trade, as if they are somehow hurting the market. We ARE the market. You sitting on your coins is not doing anything at all to affect the market either positively or negatively.

I'd really like someone to explain to me how the market would be better if no one sold. That's the part you keep harping on and it just doesn't make sense.

[laterbreh]

OK, to continue the discussion about trading - how is a market supposed to function if no one ever sells? At what point do you all think its ok to sell? (My guess is that you just don't want anyone selling until the price reaches the point where you want to sell)

What's so bad about someone taking profits, at the price they choose? Each person that dumps matches up with someone else that buys, so I just don't get why this is a problem. The only problem at the moment is that there are more sellers than buyers, so the price is going down. The price will go up when people think it will make them money if they buy. I just really don't like the idea that you are criticizing people that trade, as if they are somehow hurting the market. We ARE the market. You sitting on your coins is not doing anything at all to affect the market either positively or negatively.

I'd really like someone to explain to me how the market would be better if no one sold. That's the part you keep harping on and it just doesn't make sense.

+1

[skribnod]

Crypto trading works off of supply and demand...the more you have of a product the more it typically is worth less in value. The less you have of a product, the more it is worth, but This only works if it is a product that a majority of the people want.

[jakiman]

If you need to trade then try to push things up a little, cause all I see is that daytraders hurting the coin and pulling price down for some small profit.

I made 1 trade yesterday. Bought 0.3 BTC worth of UTC at MintPal.
I made 1 trade just now. Bought 0.35 BTC worth of UTC at MintPal.

So yeah, I'm helping both UTC and hopefully myself.  
I have yet to sell any UTC. Only ever mined/bought.

[Jarod1231]

If you need to trade then try to push things up a little, cause all I see is that daytraders hurting the coin and pulling price down for some small profit.

I made 1 trade yesterday. Bought 0.3 BTC worth of UTC at MintPal.
I made 1 trade just now. Bought 0.35 BTC worth of UTC at MintPal.

So yeah, I'm helping both UTC and hopefully myself.  
I have yet to sell any UTC. Only ever mined/bought.

Well since you seem to have plenty of BTC laying around heres a trade for you... You can buy 350 or so more UTC after you do it lol
https://coin-swap.net/trade/publickey/CIHJwLoO/
Open DRK sell order at 0.0015 on mintpal is large enough to cover the trade
0.89682972 BTC to buy 596.991 DRK @ 0.0015 (I added the 0.02 Mintpal withdrawal fee)
https://www.mintpal.com/market/DRK/BTC
0.10317028 BTC Profit for making this trade... Been staring at it wishing I could do it for a few days but all my holdings don't add up to what I need 
For whoever snags this gem, any tips would be appreciated lol

[Halofire]

i dont understand why you r trading UTC? - all the hard work we have been doing over the last few weeks and on the first day community members are selling for minimal profits?

We still need people to trade so that the trade volume is attractive to other traders/investors.

If you need to trade then try to push things up a little, cause all I see is that daytraders hurting the coin and pulling price down for some small profit.

Steadily going down. Hardly a good thing.

Day-traders need it to go up AND down. We aren't determining what the price is, we are reacting to the price. The main thing determining the price is miners dumping at market value, and low volume of new traders.

Total bulshit, I mined 30k and sold less than 3k at 0.008, 0.007 and 0.006 so miners are not the problem, dumpers are.

You may not be the problem, but others are. I see it all day, every day. The lowest sell order is something like .00028, the highest buy order is something like .00025. A miner dumps his latest payout at market which is 25, because he probably uses autosell. If he'd place the order at .00028, it would fill, instead it fills lower. And anyone that was daytrading would never place an order lower than they had to.

But to add to this - a market needs buyers and sellers. No buy order will go through unless someone is selling. The place we want to get to is where more people are buying than selling. And to do that, people need to know about UTC. And for people to know about UTC, we need to promote it. And for people like me that are spending money to help build up UTC, we need to make money. And I make money by buying and selling UTC (and other coins).

We all saw that some significant members here dumpted today at high, so no, miners are not problem, dumpers are, opportunist are, and somehow I can see them more among daytraders then among miners. And for all who thinks that miners are problem maybe Ripple is best coin for them, it's not mineable, so there is no problem with miners. Going to bed, we'll see what morning will bring.

now you see why we sold to get back in, funsponge. said we'd see 25, getting close..... i love this coin, om nom nom

[jakiman]

Well since you seem to have plenty of BTC laying around heres a trade for you... You can buy 350 or so more UTC after you do it lol
https://coin-swap.net/trade/publickey/CIHJwLoO/
Open DRK sell order at 0.0015 on mintpal is large enough to cover the trade
0.89682972 BTC to buy 596.991 DRK @ 0.0015 (I added the 0.02 Mintpal withdrawal fee)
https://www.mintpal.com/market/DRK/BTC
0.10317028 BTC Profit for making this trade... Been staring at it wishing I could do it for a few days but all my holdings don't add up to what I need  
For whoever snags this gem, any tips would be appreciated lol

That was my last bit of BTC I had unfortunately. 
I went all in today after seeing the below 0.0003 prices.
But yeah, maybe I should have waited a little longer.