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Author Topic: [ANN][RDD] Reddcoin The Social Currency [PoSV] Electrum Wallet 1.0.2  (Read 685030 times)
Anders
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August 07, 2014, 08:47:12 AM
 #4161

I read on Reddit that big traders (sometimes called whales) buy a lot of altcoins and then there will be an automatic momentum where the smaller traders will cause an upswing of the price, and when the price has reached a certain level the whales sell all their altcoins and buy bitcoins, and the altcoin price drops. The whales keep their wealth in bitcoins and only use altcoins for temporary stunts like that. In this way the altcoin price is being drained.


That is true but normal, its not applicable in all alt coins. Quality coin with good development team like ReddCoin survives.
Big fishes also spread bad news through medias, forum, artificial chart formations to Markdown as in my above post.

Maybe social tipping is a good idea after all. I'm not sure yet. For example a video website could compete with YouTube with a tipping system instead of intrusive ads. I like ads, when they are non-intrusive. YouTube has started with too much intrusive ads that force people to watch the ads for say 20 seconds, and even with ads that interrupt in the middle of a video! A video site with tipping could give content creators a better way of earning money, and then Reddcoin could be an excellent choice.

Why I love ReddCoin is their business model, it has a good future and their professionalism.


I wonder if Reddcoin or Dogecoin will be best as a social currency. The proof of stake with velocity is an interesting idea, but will it work in practice? There will still be an incentive to hoard reddcoins because once they get minted (and their age being reset to zero) the coins can start to age again. So the PoSV algoritm seems to be basically the same as ordinary proof of stake with only a minor difference. Or maybe I have misunderstood how the PoSV algorithm works.

The interesting thing is that social currency is a different concept than the bitcoin "gold reserve" model. If Reddcoin or Dogecoin would become hugely popular, then they may even beat bitcoin as a currency for shopping etc. Bitcoin is excellent as an investment currency, not so much as a general currency.
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husky1971
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August 07, 2014, 09:00:48 AM
 #4162

I read on Reddit that big traders (sometimes called whales) buy a lot of altcoins and then there will be an automatic momentum where the smaller traders will cause an upswing of the price, and when the price has reached a certain level the whales sell all their altcoins and buy bitcoins, and the altcoin price drops. The whales keep their wealth in bitcoins and only use altcoins for temporary stunts like that. In this way the altcoin price is being drained.


That is true but normal, its not applicable in all alt coins. Quality coin with good development team like ReddCoin survives.
Big fishes also spread bad news through medias, forum, artificial chart formations to Markdown as in my above post.

Maybe social tipping is a good idea after all. I'm not sure yet. For example a video website could compete with YouTube with a tipping system instead of intrusive ads. I like ads, when they are non-intrusive. YouTube has started with too much intrusive ads that force people to watch the ads for say 20 seconds, and even with ads that interrupt in the middle of a video! A video site with tipping could give content creators a better way of earning money, and then Reddcoin could be an excellent choice.

Why I love ReddCoin is their business model, it has a good future and their professionalism.



I cant see any future if drop under 10 sat.


I can see the first person who has 7 bilj. sold already 3 bilj. He was the first place blockexpr. I think he gone sells all his coins. I follow the blockexplorer from 2 aug.
husky1971
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August 07, 2014, 09:04:12 AM
 #4163

I read on Reddit that big traders (sometimes called whales) buy a lot of altcoins and then there will be an automatic momentum where the smaller traders will cause an upswing of the price, and when the price has reached a certain level the whales sell all their altcoins and buy bitcoins, and the altcoin price drops. The whales keep their wealth in bitcoins and only use altcoins for temporary stunts like that. In this way the altcoin price is being drained.


That is true but normal, its not applicable in all alt coins. Quality coin with good development team like ReddCoin survives.
Big fishes also spread bad news through medias, forum, artificial chart formations to Markdown as in my above post.

Maybe social tipping is a good idea after all. I'm not sure yet. For example a video website could compete with YouTube with a tipping system instead of intrusive ads. I like ads, when they are non-intrusive. YouTube has started with too much intrusive ads that force people to watch the ads for say 20 seconds, and even with ads that interrupt in the middle of a video! A video site with tipping could give content creators a better way of earning money, and then Reddcoin could be an excellent choice.

Why I love ReddCoin is their business model, it has a good future and their professionalism.



I cant see any future if drop under 10 sat.


I can see the first person who has 7 bilj. sold already 3 bilj. He was the first place blockexpr. I think he gone sells all his coins. I follow the blockexplorer from 2 aug.

About 10 people dumping the coins
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August 07, 2014, 09:07:02 AM
 #4164

Hi, I'm interested in this coin and have a question what is the best exchange to buy RDD? How I know mintpal isn't best anymore? I haven't bought coins for 1month so don't know what is happening now.
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August 07, 2014, 10:02:30 AM
 #4165

I read on Reddit that big traders (sometimes called whales) buy a lot of altcoins and then there will be an automatic momentum where the smaller traders will cause an upswing of the price, and when the price has reached a certain level the whales sell all their altcoins and buy bitcoins, and the altcoin price drops. The whales keep their wealth in bitcoins and only use altcoins for temporary stunts like that. In this way the altcoin price is being drained.


That is true but normal, its not applicable in all alt coins. Quality coin with good development team like ReddCoin survives.
Big fishes also spread bad news through medias, forum, artificial chart formations to Markdown as in my above post.

Maybe social tipping is a good idea after all. I'm not sure yet. For example a video website could compete with YouTube with a tipping system instead of intrusive ads. I like ads, when they are non-intrusive. YouTube has started with too much intrusive ads that force people to watch the ads for say 20 seconds, and even with ads that interrupt in the middle of a video! A video site with tipping could give content creators a better way of earning money, and then Reddcoin could be an excellent choice.

Why I love ReddCoin is their business model, it has a good future and their professionalism.



I cant see any future if drop under 10 sat.


I can see the first person who has 7 bilj. sold already 3 bilj. He was the first place blockexpr. I think he gone sells all his coins. I follow the blockexplorer from 2 aug.

About 10 people dumping the coins

Too much micro managing is not good.
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August 07, 2014, 10:28:11 AM
 #4166

I read on Reddit that big traders (sometimes called whales) buy a lot of altcoins and then there will be an automatic momentum where the smaller traders will cause an upswing of the price, and when the price has reached a certain level the whales sell all their altcoins and buy bitcoins, and the altcoin price drops. The whales keep their wealth in bitcoins and only use altcoins for temporary stunts like that. In this way the altcoin price is being drained.


That is true but normal, its not applicable in all alt coins. Quality coin with good development team like ReddCoin survives.
Big fishes also spread bad news through medias, forum, artificial chart formations to Markdown as in my above post.

Maybe social tipping is a good idea after all. I'm not sure yet. For example a video website could compete with YouTube with a tipping system instead of intrusive ads. I like ads, when they are non-intrusive. YouTube has started with too much intrusive ads that force people to watch the ads for say 20 seconds, and even with ads that interrupt in the middle of a video! A video site with tipping could give content creators a better way of earning money, and then Reddcoin could be an excellent choice.

Why I love ReddCoin is their business model, it has a good future and their professionalism.



I cant see any future if drop under 10 sat.


I can see the first person who has 7 bilj. sold already 3 bilj. He was the first place blockexpr. I think he gone sells all his coins. I follow the blockexplorer from 2 aug.

About 10 people dumping the coins

Too much micro managing is not good.

Please explane to me, because dont understand. I try to make money and try to invest meaning with real USD. Iam only 7 months in crypto and not understand everything.
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August 07, 2014, 11:41:19 AM
 #4167

I read on Reddit that big traders (sometimes called whales) buy a lot of altcoins and then there will be an automatic momentum where the smaller traders will cause an upswing of the price, and when the price has reached a certain level the whales sell all their altcoins and buy bitcoins, and the altcoin price drops. The whales keep their wealth in bitcoins and only use altcoins for temporary stunts like that. In this way the altcoin price is being drained.


That is true but normal, its not applicable in all alt coins. Quality coin with good development team like ReddCoin survives.
Big fishes also spread bad news through medias, forum, artificial chart formations to Markdown as in my above post.

Maybe social tipping is a good idea after all. I'm not sure yet. For example a video website could compete with YouTube with a tipping system instead of intrusive ads. I like ads, when they are non-intrusive. YouTube has started with too much intrusive ads that force people to watch the ads for say 20 seconds, and even with ads that interrupt in the middle of a video! A video site with tipping could give content creators a better way of earning money, and then Reddcoin could be an excellent choice.

Why I love ReddCoin is their business model, it has a good future and their professionalism.



I cant see any future if drop under 10 sat.


I can see the first person who has 7 bilj. sold already 3 bilj. He was the first place blockexpr. I think he gone sells all his coins. I follow the blockexplorer from 2 aug.

if they sell all of them,we will see 3 sat agaiin !!!!
allcoinminer
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August 07, 2014, 12:12:37 PM
 #4168

I read on Reddit that big traders (sometimes called whales) buy a lot of altcoins and then there will be an automatic momentum where the smaller traders will cause an upswing of the price, and when the price has reached a certain level the whales sell all their altcoins and buy bitcoins, and the altcoin price drops. The whales keep their wealth in bitcoins and only use altcoins for temporary stunts like that. In this way the altcoin price is being drained.


That is true but normal, its not applicable in all alt coins. Quality coin with good development team like ReddCoin survives.
Big fishes also spread bad news through medias, forum, artificial chart formations to Markdown as in my above post.

Maybe social tipping is a good idea after all. I'm not sure yet. For example a video website could compete with YouTube with a tipping system instead of intrusive ads. I like ads, when they are non-intrusive. YouTube has started with too much intrusive ads that force people to watch the ads for say 20 seconds, and even with ads that interrupt in the middle of a video! A video site with tipping could give content creators a better way of earning money, and then Reddcoin could be an excellent choice.

Why I love ReddCoin is their business model, it has a good future and their professionalism.



I cant see any future if drop under 10 sat.


I can see the first person who has 7 bilj. sold already 3 bilj. He was the first place blockexpr. I think he gone sells all his coins. I follow the blockexplorer from 2 aug.

if they sell all of them,we will see 3 sat agaiin !!!!

Selling is not a one side activity. Selling means someone is buying.
If a coin or asset is going to be burst there will be zero buyers and a huge column of sellers.
Market will be very very illiquid. These are the signs of a dump coin.
But look at Reddcoin, Market is heavily liquid. A lot of buy orders to chew all panic selling.
After all look at the Reddit community support. See members posts here.
You cannot see such things like in a dump coin here.
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August 07, 2014, 12:17:29 PM
 #4169

I read on Reddit that big traders (sometimes called whales) buy a lot of altcoins and then there will be an automatic momentum where the smaller traders will cause an upswing of the price, and when the price has reached a certain level the whales sell all their altcoins and buy bitcoins, and the altcoin price drops. The whales keep their wealth in bitcoins and only use altcoins for temporary stunts like that. In this way the altcoin price is being drained.


That is true but normal, its not applicable in all alt coins. Quality coin with good development team like ReddCoin survives.
Big fishes also spread bad news through medias, forum, artificial chart formations to Markdown as in my above post.

Maybe social tipping is a good idea after all. I'm not sure yet. For example a video website could compete with YouTube with a tipping system instead of intrusive ads. I like ads, when they are non-intrusive. YouTube has started with too much intrusive ads that force people to watch the ads for say 20 seconds, and even with ads that interrupt in the middle of a video! A video site with tipping could give content creators a better way of earning money, and then Reddcoin could be an excellent choice.

Why I love ReddCoin is their business model, it has a good future and their professionalism.



I cant see any future if drop under 10 sat.


I can see the first person who has 7 bilj. sold already 3 bilj. He was the first place blockexpr. I think he gone sells all his coins. I follow the blockexplorer from 2 aug.

if they sell all of them,we will see 3 sat agaiin !!!!

Selling is not a one side activity. Selling means someone is buying.
If a coin or asset is going to be burst there will be zero buyers and a huge column of sellers.
Market will be very very illiquid. These are the signs of a dump coin.
But look at Reddcoin, Market is heavily liquid. A lot of buy orders to chew all panic selling.
After all look at the Reddit community support. See members posts here.
You cannot see such things like in a dump coin here.

Agreed.

We can also observe that the price is growing steadily slowly.

I guess that's a whale who is disappointed and would like to cash out for the next target.

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August 07, 2014, 12:24:07 PM
 #4170

I read on Reddit that big traders (sometimes called whales) buy a lot of altcoins and then there will be an automatic momentum where the smaller traders will cause an upswing of the price, and when the price has reached a certain level the whales sell all their altcoins and buy bitcoins, and the altcoin price drops. The whales keep their wealth in bitcoins and only use altcoins for temporary stunts like that. In this way the altcoin price is being drained.


That is true but normal, its not applicable in all alt coins. Quality coin with good development team like ReddCoin survives.
Big fishes also spread bad news through medias, forum, artificial chart formations to Markdown as in my above post.

Maybe social tipping is a good idea after all. I'm not sure yet. For example a video website could compete with YouTube with a tipping system instead of intrusive ads. I like ads, when they are non-intrusive. YouTube has started with too much intrusive ads that force people to watch the ads for say 20 seconds, and even with ads that interrupt in the middle of a video! A video site with tipping could give content creators a better way of earning money, and then Reddcoin could be an excellent choice.

Why I love ReddCoin is their business model, it has a good future and their professionalism.



I cant see any future if drop under 10 sat.


I can see the first person who has 7 bilj. sold already 3 bilj. He was the first place blockexpr. I think he gone sells all his coins. I follow the blockexplorer from 2 aug.

if they sell all of them,we will see 3 sat agaiin !!!!

Selling is not a one side activity. Selling means someone is buying.
If a coin or asset is going to be burst there will be zero buyers and a huge column of sellers.
Market will be very very illiquid. These are the signs of a dump coin.
But look at Reddcoin, Market is heavily liquid. A lot of buy orders to chew all panic selling.
After all look at the Reddit community support. See members posts here.
You cannot see such things like in a dump coin here.

Agreed.

We can also observe that the price is growing steadily slowly.

I guess that's a whale who is disappointed and would like to cash out for the next target.


For making down price and accumulate at lows,
Big fishes create a lot of panic waves. Most weaker hands will end up as their feeds.
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August 07, 2014, 12:27:52 PM
 #4171

I read on Reddit that big traders (sometimes called whales) buy a lot of altcoins and then there will be an automatic momentum where the smaller traders will cause an upswing of the price, and when the price has reached a certain level the whales sell all their altcoins and buy bitcoins, and the altcoin price drops. The whales keep their wealth in bitcoins and only use altcoins for temporary stunts like that. In this way the altcoin price is being drained.


That is true but normal, its not applicable in all alt coins. Quality coin with good development team like ReddCoin survives.
Big fishes also spread bad news through medias, forum, artificial chart formations to Markdown as in my above post.

Maybe social tipping is a good idea after all. I'm not sure yet. For example a video website could compete with YouTube with a tipping system instead of intrusive ads. I like ads, when they are non-intrusive. YouTube has started with too much intrusive ads that force people to watch the ads for say 20 seconds, and even with ads that interrupt in the middle of a video! A video site with tipping could give content creators a better way of earning money, and then Reddcoin could be an excellent choice.

Why I love ReddCoin is their business model, it has a good future and their professionalism.



I cant see any future if drop under 10 sat.


I can see the first person who has 7 bilj. sold already 3 bilj. He was the first place blockexpr. I think he gone sells all his coins. I follow the blockexplorer from 2 aug.

if they sell all of them,we will see 3 sat agaiin !!!!

Selling is not a one side activity. Selling means someone is buying.
If a coin or asset is going to be burst there will be zero buyers and a huge column of sellers.
Market will be very very illiquid. These are the signs of a dump coin.
But look at Reddcoin, Market is heavily liquid. A lot of buy orders to chew all panic selling.
After all look at the Reddit community support. See members posts here.
You cannot see such things like in a dump coin here.


they sell very cheap and try to dump ...
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August 07, 2014, 12:47:10 PM
 #4172

Why this coin wallet is crashing? The same time when I'm trying to enscrypt wallet, it gets crashed
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August 07, 2014, 12:54:12 PM
 #4173

Why this coin wallet is crashing? The same time when I'm trying to enscrypt wallet, it gets crashed

There is a whale who dumped half his/her investment (3 billion or something around there) must have needed to fund a vacation or something.

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Limpuls
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August 07, 2014, 12:59:39 PM
 #4174

Why this coin wallet is crashing? The same time when I'm trying to enscrypt wallet, it gets crashed

There is a whale who dumped half his/her investment (3 billion or something around there) must have needed to fund a vacation or something.
OMG, hope he/she knows what are doing, coz this coin feature is in his/her hands. BTW wallet is crashing then going to keep RDD in criptsy while this will be fixed.
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August 07, 2014, 01:01:26 PM
 #4175

Why this coin wallet is crashing? The same time when I'm trying to enscrypt wallet, it gets crashed

There is a whale who dumped half his/her investment (3 billion or something around there) must have needed to fund a vacation or something.

IPO price for early investors was 0.00000003 So at these prices too those who got those coins are in huge profit.
http://www.reddcoin.com/ipo-result
Also let you all know that there is no serious amount of selling is happening in Reddcoin.
But a lot of accumulation is seen in the charts. As assumed its a straight markdown before the price movement towards up.
This phase will continue for some days or a few weeks normally.
We can see many weaker hands panic an selling on falls in the coming days.
Will post a technical chart of Reddcoin soon.
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August 07, 2014, 01:37:45 PM
 #4176

I'm starting to have my doubts. I tested sending a small amount of reddcoins and there was a transaction fee! Angry They said in the official video that there was zero transaction fees. And the idea of proof of stake seems stupid. If you are a big fat 'whale' with a huge amount of coins, the proof of stake method rewards you profusely so that you get even richer. The poor stay poor and the rich get richer. That's the same kind of lopsided wealth distribution we already have with the ordinary (fiat) currencies.

Amount of RDD does matters' although rich people will get rich only by 5% STAKE of the coin that they are holding.
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August 07, 2014, 01:42:28 PM
 #4177

Amount of RDD does matters' although rich people will get rich only by 5% STAKE of the coin that they are holding.

5% stake doesn't matter when the coin is losing more than the stake % on a daily basis ..

Triff ..

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compumine
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August 07, 2014, 03:49:57 PM
 #4178

Is it worth it to hold on to my coins or should I sell??  I can't figure out what is happening with this coin.  I could use some expert opinions.

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dandruff1138
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1000% ROI Masternode Coin


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August 07, 2014, 03:51:45 PM
 #4179

Is it worth it to hold on to my coins or should I sell??  I can't figure out what is happening with this coin.  I could use some expert opinions.

I would hold and here is why. The lead developer is on vacation. Other developers are working to release some cool things like the social wallet etc... I think once the lead developer returns in a few days he is going to make his "Social X" announcement. Also now that confirmations on exchanges has been reduced move your coins into your wallet and start staking to get free coins!

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jaipagare
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August 07, 2014, 04:03:45 PM
 #4180

Is it worth it to hold on to my coins or should I sell??  I can't figure out what is happening with this coin.  I could use some expert opinions.

RDD is something which would be strategically accepted by Social Media in future; RDD has good plans, outstanding developers behind project and supporting community.
Every coins has good and bad mouth; think wisely. Price unbalance is acceptable.

If you wish to keep in touch yourself connected to RDD Freenode chat window.
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