UltraCoin (UTC) - buy or not?

[Last1212]

Please read before buying this coin https://bitcointalk.org/index.php?topic=445129.0

[Mordillo]

I don't mine coins, only trading them. But this utc coin i will surely avoid. Those trollbox mods like to hide something and delete unwanted criticism. I don't like censure as it smells fishy.

But i'm sure some newbies will buy and at the beginning they will look happy. But then comes the big dump from the pre-saled coins...

I see rivers of tears. 

[Last1212]

I don't mine coins, only trading them. But this utc coin i will surely avoid. Those trollbox mods like to hide something and delete unwanted criticism. I don't like censure as it smells fishy.

But i'm sure some newbies will buy and at the beginning they will look happy. But then comes the big dump from the pre-saled coins...

I see rivers of tears.  

No one knows. What I hate in this coin:
1. Bad launch - looks like instamined
2. Devs didn't state clearly that they are not connected with BTC-E (looks like they are trying to use the name of BTC-E for promotions)
3. Moderated thread
4. They are all moderators on several exchanges, they think that can use that fact for coin monetization but they don't unserstand that this a huge responsibility of usage of exchange names for promotion purposes.

[gambitx]

Ultracoin is premined scam, only benefit to the owner not for the miners and investors

[MysticDOGE]

Have read the ultracoin topic when it first announced the coin.

Desided then already that I woudnt go mine ultracoin.

I'm happy I stayed with Klondike coin today.. at least thats a coin with 0% pre-mine, zero complaints about launch. Dev's BUYING their own coin, because they believe. And has a roadmap with many awesome things plannend.

To be sure, I just read the ultracoin topic again:

- 2% premine
- 0.1% for dev and founder (=distraction, read further!)
- Selling 1.6% instantly through a bidding system. Minimium of 0.5btc for 10k coins. They had 1.6 mio for sale. That's minimum of 80 (EIGHTY) bitcoin they earned if everyone was betting at minium bet.

LETS PLAY THAT LAST ONE AGAIN: first they just blunty sell 1.6 million coins for 80 bitcoin (76.000 dollar's) and besides that keeping 100.000 coins (worth 5 btc at their min. bid price) for themselfs because of time and effort. I can understand the effort and time investment. But why then also sell for 80btc coins? They made way more with that then the 0.1% they are keeping. That 0.1% just a DISTRACTION from the real deal.

In other words: they pretend they only keep 0.1% of coins mined, but just sold 1.6 million for 80btc.. LOL. Dumping their own coin > before it hits any exchange. Compliments for dev and founder. Wish I made this up and made almost 100.000 dollar in a day.

45 bitcoin each for a coin that exists not even 24 hours. Big compliment to the founder and developer. Wish I made up this scheme myself. If this coin dies tomorrow, the founder and dev have made a year salary (each) in a single day. Will they still care for what happens with this coin? I feel sorry for all who bought ultracoin today.

I was and will stay mining at a way more serious coin with 6 actives dev behind it: klondike.

Cheerio!

[Last1212]

Devs moderate thread and delete all posts that have info about coin

[CryptoAddict]

stay away from this scam

[Last1212]

Bump. Just want people to read this thread before buying UTC.

[bumface]

The launch was a bit rough, but now UTC is going strong...

after 10 days:

"difficulty"       : 30.91735021
coinmarketcap : 2139035.99 USD
Estimated network hashrate: 7904 MH/s
investors  have gainfactor 20,34 on their investment. (investores paid 0.00005, 1 utc is now 0.001017,)
Listed on http://coinmarketcap.com/ ,23rd place of ALL crypto currencys on earth ( price to low, becasue they are using coinmarket.io api)



Resources:

coinsupply:http://supply.ultracoin.net/
Blockexplorer: http://bitgo.pw:3731/chain/Ultracoin
announcement: https://bitcointalk.org/index.php?topic=413978.0
twitter: https://twitter.com/official_utc
http://www.reddit.com/r/official_utc/
IRC: #ultracoin

Team UTC  

[Mordillo]

Wait until your coin hits cryptsy (= Value killer)

Let's see where this coin is in 2-3 month. Until then no chance for me to invest.

[Last1212]

The launch was a bit rough, but now UTC is going strong...

after 10 days:

"difficulty"       : 30.91735021
coinmarketcap : 2139035.99 USD
Estimated network hashrate: 7904 MH/s
investors  have gainfactor 20,34 on their investment. (investores paid 0.00005, 1 utc is now 0.001017,)
Listed on http://coinmarketcap.com/ ,23rd place of ALL crypto currencys on earth ( price to low, becasue they are using coinmarket.io api)



Resources:

coinsupply:http://supply.ultracoin.net/
Blockexplorer: http://bitgo.pw:3731/chain/Ultracoin
announcement: https://bitcointalk.org/index.php?topic=413978.0
twitter: https://twitter.com/official_utc
http://www.reddit.com/r/official_utc/
IRC: #ultracoin

Team UTC  

You are so happy! Really! Yoy got 80 BTC for nothing, you instamined so much! Well, probablt, on your place I will be happy too. But this guys want to make money, they will leave as soon as your coin become unprofitable.

[Bansheroom]

Scamcoin with a (planned) fucked up launch and dump...dont waste your time with it.

[PauloLauro]

has good references, you should buy because I shoot soon on cryptsy

[Last1212]

has good references, you should buy because I shoot soon on cryptsy

Nothing new - just scrypt-jane. Velocitycoin, QQcoin, Microcoin, Applecoin - much better for Cryptsy.