[ANN] [CHC] Chaincoin - Network Upgrade 16.3 - SegWit Activated

[amishpancake]

what's happen for chain coin ?? it drop 50% to less than 1.5$  

What else do you expect from a pump and dump coin?
If you bought on the top you are the loser .

Unfortunately this is how it works with coins from this copy coin cloner (check Quark, Myriad, UNO etcetc).

Price goes up and price goes down all the while more CHC getting locked into Master Nodes.

CHC LOCKED IN MASTERNODES
1,913,000 (12.70%)

I just bought my second MN and Im planning on continue to buy 10-20 coins every now and then towards my 3rd. There are limited supply of coins and sooner or later MN are gonna lock in so many coins that price has to rise

[Schorschi]

a big whale sells a lot of CHC and noobs are panicing and selling either at the possible worst timing, directly into the dip. The best way to make profit is just do nothing and hodl! Today in one year we will laugh at todays price and wish we could have bought more. The masternodes alone are worth it and devs are coming back and sonn on bittrex. We are looking very good mid term. Don't worry and buy now cause you may not get another chance at this price.

Guys HODL.

[Jaerin]

Well part of the issue is that a masternode doesn't lock anything in.  If the coins were actually time locked and couldn't be withdrawn at any time then MAYBE the coin supply could be constrained and raise the price, but that isn't the case with Chaincoin.  You will lose your masternode if you withdraw the coins from the wallet, but you are free to do so at any time.  I'm not at all saying Max isn't legit or he doesn't believe his cause, but there are some serious flaws in his logic when it comes to market forces.  This idea that a masternode makes you profits is only if you sell the coins it is producing which is going to dilute the price, the very thing you are trying to prevent.   If there is enough market cap that income can be a decent return over time, but only if the price stays stable with new investors.

Electra tried to play tricks with supply to show up #1 on the coinmarketcap site by trading 45 coins supply for a few months and then opening a super bonanza mining that released 20 billion new coins onto the market and they expected the $120 price to immediately shoot them up to $240 billion market cap.  Unfortunately things don't work that way and it failed.  The coin has some minor trading going on, but I doubt it will go much beyond where it is right now.  The same will be true of chaincoin, it has seen some minor celebrity being the top volume for a week or so, but unless it can continue to maintain its hype the coin will die out.

There needs to be a reason that people want to use this coin over another and right now that seems to all be related to either hype or riding the coattails of the Dash masternode idea.  The difference is Dash already had a big enough following behind it to make it viable.  Maybe chaincoin will make it in a few years, but certainly not unless a lot of people buy it up, forget they have it, and yet still work tireless day after day encouraging other investors.  Fact is though that in the end when you sell those coins for your profit, you are taking someone else's money and running with it.  Whether you do it now or later is up to you.  None of these coins are creating new actual value, they are only holding a piece of an already existing pie.  Some would say that pie has been held by the rich too long and crypto is clawing some of that wealth back, but small coins like these are likely just cannibalizing the people that are trying to get a piece and not the ones already holding the pie.

[lijoe408]

Anyone who buys into this deserves the lose their money.  The high on coins guy is actually making videos telling people to sell their spare coins and immediately set up a buy wall at a specific price.  He's openly trying to get a group of people to manipulate the volume and price.  The fact that he bans anyone from his "community" for questioning his methods or even suggesting selling should tell you all you need to know.

[amishpancake]

Anyone who buys into this deserves the lose their money.  The high on coins guy is actually making videos telling people to sell their spare coins and immediately set up a buy wall at a specific price.  He's openly trying to get a group of people to manipulate the volume and price.  The fact that he bans anyone from his "community" for questioning his methods or even suggesting selling should tell you all you need to know.

Wow. Why don't you sell your coins then? Or are you here just to spread bs?

[lijoe408]

Anyone who buys into this deserves the lose their money.  The high on coins guy is actually making videos telling people to sell their spare coins and immediately set up a buy wall at a specific price.  He's openly trying to get a group of people to manipulate the volume and price.  The fact that he bans anyone from his "community" for questioning his methods or even suggesting selling should tell you all you need to know.

Wow. Why don't you sell your coins then? Or are you here just to spread bs?

What part of what i'm saying is bs?  Correct me one anything? Seems like you're just here to pump.

[Samthehero]

What makes this old coin so popular. Can someone please explain it in simpel terms to me. Should i invest in this or should I stay away. Any views would be appreciated.

[dbc23]

What makes this old coin so popular. Can someone please explain it in simpel terms to me. Should i invest in this or should I stay away. Any views would be appreciated.

Read and decide for yourself.  At the end of the day you can only trust that much, anyone giving advice with certainty is trying to sell you on something.

[lijoe408]

What makes this old coin so popular. Can someone please explain it in simpel terms to me. Should i invest in this or should I stay away. Any views would be appreciated.

It's an old coin with masternode capability.  It faded into obscurity for a period b/c of no new developments.  A youtuber with about 10k followers picks up some cheap coins and runs a bunch of masternodes.  He starts a group dedicated to hodling the coin in order to get the price to go up by making a pitch that you never need to sell the coin b/c you can make $ off running masternode.  The pump is just an experiment basically by a stoner who's trying to sell a pitch about some fairyland scenario where you never need to sell and can make 50K a month off your masternode when chaincoin hits 1K.

[brzas]

What makes this old coin so popular. Can someone please explain it in simpel terms to me. Should i invest in this or should I stay away. Any views would be appreciated.

It's an old coin with masternode capability.  It faded into obscurity for a period b/c of no new developments.  A youtuber with about 10k followers picks up some cheap coins and runs a bunch of masternodes.  He starts a group dedicated to hodling the coin in order to get the price to go up by making a pitch that you never need to sell the coin b/c you can make $ off running masternode.  The pump is just an experiment basically by a stoner who's trying to sell a pitch about some fairyland scenario where you never need to sell and can make 50K a month off your masternode when chaincoin hits 1K.

Ithink it was during a udemy cryptocurrency course

[Samthehero]

What makes this old coin so popular. Can someone please explain it in simpel terms to me. Should i invest in this or should I stay away. Any views would be appreciated.

It's an old coin with masternode capability.  It faded into obscurity for a period b/c of no new developments.  A youtuber with about 10k followers picks up some cheap coins and runs a bunch of masternodes.  He starts a group dedicated to hodling the coin in order to get the price to go up by making a pitch that you never need to sell the coin b/c you can make $ off running masternode.  The pump is just an experiment basically by a stoner who's trying to sell a pitch about some fairyland scenario where you never need to sell and can make 50K a month off your masternode when chaincoin hits 1K.

Sounds like a pyramid scheme to me the way you describe it. 50k a month sounds like hot air. Guess easy come easy go. First in makes lots of money, last out 100% loss.

[Coingiver]

Best pump and dump I have seen all day

[amishpancake]

What makes this old coin so popular. Can someone please explain it in simpel terms to me. Should i invest in this or should I stay away. Any views would be appreciated.

It's an old coin with masternode capability.  It faded into obscurity for a period b/c of no new developments.  A youtuber with about 10k followers picks up some cheap coins and runs a bunch of masternodes.  He starts a group dedicated to hodling the coin in order to get the price to go up by making a pitch that you never need to sell the coin b/c you can make $ off running masternode.  The pump is just an experiment basically by a stoner who's trying to sell a pitch about some fairyland scenario where you never need to sell and can make 50K a month off your masternode when chaincoin hits 1K.

Sounds like a pyramid scheme to me the way you describe it. 50k a month sounds like hot air. Guess easy come easy go. First in makes lots of money, last out 100% loss.

Well, CHC doesn't have any fees and the tx is one of the fastest. IMO it has a very bright future.

[sotarules]

I'm going to keep repeating this for everyone that sees Chaincoin as a failure.  Coinmarketcap shows CHC right now at $1.79, and the price graph has been stable around that level for the past eight hours.  It is very difficult to get a coin even above $1.00 (look at how long Ripple has been at it for example).  Yet CHC rockets way above, with far less resources and hype.  CHC is still in the top 100 market cap of all coins.  

My point is that there is no way that this is a failed experiment or loss.  The only thing going on here is a disappointment, because when the price overshot (which is normal), people started "anchoring" the price in their minds at the higher level.  This is normal, and it is only human to be disappointed that it has come down from those levels.  But if the price had slowly ratcheted up from below $1.00, starting in early July, never hitting $6.00, the entire conversation would be different: we'd be popping the champagne because of the price being over $1.00.

So this isn't anything wrong with CHC, Max or Random Tandems.  This is a problem with our expectations, and our own psychology.  

In my view, the experiment has already succeeded greatly.  What I mean is even if the price of CHC goes down to 0.01, we've proven that a cohesive group of HODLers can take a coin from nothing into the top 100.  For now we focus on CHC, but I predict there will be other community-driven coins coming very soon.  And if they have honest leadership, and a committed community, I sure as hell won't bet against them.  

[sandan2002]

Chaincoin is a Dash fork with over 1200 master nodes. They are going to pay a nice stead income for holding onto those coins providing stability to the prive in the long term. Just wait for Chaincoin to hit Bittrex and see where the price goes!

[sotarules]

Proposal for Advanced HODL Technology 3.0

What I realize now is that we should have been much more aggressive in "governing" the CHC open market.  Part of this is ideological: because we made the blanket statement to always buy-and-HODL, we didn't take advantages of some opportunities to moderate the growth of CHC in a way that would bolster the psychology and emotions of the traders.  Here's a modest proposal for a second try.

As mentioned in an earlier post, one of the biggest problems was that we let the price skyrocket.  In the next try, we need to very actively hold down the price, and we can.  The key is this: for insiders on the slack channel, we need folks with a lot of CHC standing by that can sell it very judiciously during the next run up to moderate the upswing.  This has two benefits: (1) it will produce a cache of BTC as CHC is sold which can in turn be sold back into the market later to mitigate price drops.  This kind of give-and-take action is similar to what the "specialists" do for the NYSE: they make the market by taking the other side of any trade.

By trading carefully, we can create a nice 45-degree angle of daily price action going up without any parabolic rises and drops.  Here's how:

1.  RIGHT NOW we need to begin accumulating CHC very quietly, not in big blocks.  We need to get a war chest of CHC in the tens of thousands that we can use to suppress upswings.  We don't want to do this in spikes that will accidentally trigger another price bubble.

2.  Once we have adequate CHC, we need to purposely hit the market with a series of well timed CHC purchases (BTC->CHC).  The idea of these purchases is to create a "spike" that will be noticed by technical traders, who will tend to pile on.

3.  During the pile-on we very carefully sell CHC into the rise, not to clobber the rise, but just enough.

4.  During drops, we "lean against the wind" by very judiciously buying back in, turning the BTC back into CHC.

The big question is whether we can control enough CHC to control the market in this manner.  I think that at some point soon we will be able to control the price, as more and more CHC is tied up in masternodes.

Any thoughts on this?

[hardinero007]

pump and dump... pump and dump...

good for a few active investors, but not healthy for long term.

[Jaerin]

pump and dump... pump and dump...

good for a few active investors, but not healthy for long term.

Exactly...the "plans" are not healthy plans of how to develop a solid project as much as means of manipulating the market.  Yes you can manipulate the market by setting up buy/sell walls and accumulating coins to limit supply or counter other people's actions, but none of this makes a normal healthy market that is dictated by supply and demand.   The idea that you don't want to be manipulated by whales is understandable, but you're collectively acting like a whale yourselves.  The techniques that are being discussed are obvious attempts at manipulating the market.  Even if you don't have malicious intent it is still manipulation.

[PowerHemp]

pump and dump... pump and dump...

good for a few active investors, but not healthy for long term.

Exactly...the "plans" are not healthy plans of how to develop a solid project as much as means of manipulating the market.  Yes you can manipulate the market by setting up buy/sell walls and accumulating coins to limit supply or counter other people's actions, but none of this makes a normal healthy market that is dictated by supply and demand.   The idea that you don't want to be manipulated by whales is understandable, but you're collectively acting like a whale yourselves.  The techniques that are being discussed are obvious attempts at manipulating the market.  Even if you don't have malicious intent it is still manipulation.

u can manipulate every coin. for some u need much money for some other some hundred/thousend euros. dev is still log in to his account. but long time no news/updates for this coin..

[Samthehero]

pump and dump... pump and dump...

good for a few active investors, but not healthy for long term.

Exactly...the "plans" are not healthy plans of how to develop a solid project as much as means of manipulating the market.  Yes you can manipulate the market by setting up buy/sell walls and accumulating coins to limit supply or counter other people's actions, but none of this makes a normal healthy market that is dictated by supply and demand.   The idea that you don't want to be manipulated by whales is understandable, but you're collectively acting like a whale yourselves.  The techniques that are being discussed are obvious attempts at manipulating the market.  Even if you don't have malicious intent it is still manipulation.

u can manipulate every coin. for some u need much money for some other some hundred/thousend euros. dev is still log in to his account. but long time no news/updates for this coin..

Yeah, this coin offers nothing new or even removtly interesting. A pure pump and dump situation. If you know what's best for you then stay away, could implode any time in my opinion.