[ANN][AUR] Auroracoin - a cryptocurrency for Iceland

[DaFockBro]

It is arguably already happening as people realize this.

so you are claiming the drop is because people are just now realizing the entire premise of the coin?


and since you think this is a pump and dump or what..

like i ask everyone else.

what price do you think is a good price to hold this coin at.. what price.. is a good price, that wont crash on the 25?


all yall say it will crash.. none of you say what the price SHOULD be due to the premine.

1/100th of the current price? and then on the 25th that wouldnt crash? or will it crash anyways no matter the price it is on the 24th?


awaiting with great anticipation reading the responses to that question.

<popcorn>


(and by all means lets ignore that their are such people who play the daily fluctuations and dont think about a week from now much less 3)

Yes I am claiming the drop is because people are just now realizing the premise of the coin.

You're average dumb bitcoiner read the coindesk article (which didn't even mention the fact that only 100,000 AUR were in circulation), looked at coinmarketcap.com, and was like BUY BUY BUY!

That's over now.  We will not see .12 BTC/AUR again for many months if at all.



Current market cap of AUR is 7927 BTC.

Here is an extremely optimistic calculation of price after airdrop:

-Only 10% of Icelanders claim their free money

- Total supply would be 1,160,000 AUR

- Market cap increases from the current 7927 BTC to 50,000 BTC due to increased adoption and media attention

- Price would be .0431 BTC/AUR

[Eadeqa]

he also assumes that a sizable portion of the population from 0 to 90 will actually get their coins.. and know what to do with them. which I actually doubt. The supply will increase for sure. but not as much as some people are flipping about, and not as fast, and a large number of people wont know what to do with them.. and then their is that little part of level 3 of the supply drop, where he destroys the left over coins no one claimed, which automatically reduces total supply. There actually probably will be a sizable number of coins destroyed.


I'm not claiming to be ben, i'm just laughing at the people looking down on everyone without any detailed explanation.


does anyone know the percent of icelanders with an account on crypsty already?


(i just sold my last little bit.. now it was final confirmed on cryppy.. but not due to concerns over march 25)

If this goes ahead, somebody will set up a business where they sort your coins out then dump them on your behalf. People only want cash, nothing else.

BTC may pump slightly as a result of all the people trying to turn AUR into cash,

This is doomed.

I'm not sure if people in this thread honestly do not see the crash coming?  Or if they're just trying to pump up the price and sell before the market is flooded with 100x the supply of AUR.

You are not giving us new information. All of us  know about it. 25th is far away, and even then it will take months before even 10% of the icelander claim their coins. And  how many of that 10% would know to sell them on exchanges? Probably around 1%  of that 10% .. that's like 0.1% percentage.

It will take an year or more to distribute the coins to 50% of icelanders (if 50% is ever reached.  I doubt it will). No, 10 million coins are not "flooding" exchanges on 25th. It will be a miracle if even 0.1 of that 10 million gets on cryptsy on 26th.
 

Wow what I said above makes far more sense than even I realized., I don't think prices are going to crash on 25th (they might but will recover in couple of days).

I will hold at least 50% of my coins past 25th

Yes, there is no way you can distribute coins to 10% pf population in one day -- even 10 months it will be hard. And it's doubtful all these new people would know how to sell them on exchanges.

I think it's possible the prices would skyrocket a couple of days after 25th.

 

[niothor]

Now that we sold all our coins, time for me to buy some again.

I sold mine at 0,12.

Should I buy back in at 0.079 0.075 .00075 after Mar. 25?

Yea ok I don't care for the airdrop atm, I'm talking short term

The price will go lower and lower as the airdrop approaches because no one wants to be left holding the bag when the potential 100x increase in supply occurs.

You made a great decision to sell at .12 BTC/AUR, we will not see that price again for years if ever.

What kind of reasoning is that?

Apply that to Yesterday or 2 days ago or 3 days ago and AUR shouldn't have reached 0.12 ever.

Airdrop is 20 days away, and aur price had tremendously unstable price since the "pump" begun.

As I see it it could go either way in the next 7-10 days, whales can either buy back in now at such a low price or just dump the coin altogether.

It seems like big miners are in on it more and more, 10,664 difficulty atm vs 6.600 of just yesterday

It's funny $50 being called a low price. Two days can change a lot of minds in crypto.

It is low compared to 0.17 peak of just a few hours ago..


Anyway my guess is thus:

it will bottom out at 0.0700 (where most of the buy support is), then rapidly go back up to 0.115-120 only to be hard-dumped again.

It's happened before, the only thing that worries me is this time around the decline is steady and very slow, relatively, instead of the usual rapid manipulations.

nostradamus , let's see

[niothor]

It is low compared to 0.17 peak of just a few hours ago..


Anyway my guess is thus:

it will bottom out at 0.0700 (where most of the buy support is), then rapidly go back up to 0.115-120 only to be hard-dumped again.

It's happened before, the only thing that worries me is this time around the decline is steady and very slow, relatively, instead of the usual rapid manipulations.

20 mins and your prediction is already wrong..

[Hellionator]

0.25 BTC reward for the next block finder at http://aur.scrypthp.com - MPOS on fast secure servers.  One of the original 3 pools, good luck! Last block found was 3732 so the next one found by the pool will be the winner.

[NickPortland]

It is low compared to 0.17 peak of just a few hours ago..


Anyway my guess is thus:

it will bottom out at 0.0700 (where most of the buy support is), then rapidly go back up to 0.115-120 only to be hard-dumped again.

It's happened before, the only thing that worries me is this time around the decline is steady and very slow, relatively, instead of the usual rapid manipulations.

20 mins and your prediction is already wrong..

Yes, the 25 BTC buy wall got eaten down in just a few seconds!

[CryptoMF]

he also assumes that a sizable portion of the population from 0 to 90 will actually get their coins.. and know what to do with them. which I actually doubt. The supply will increase for sure. but not as much as some people are flipping about, and not as fast, and a large number of people wont know what to do with them.. and then their is that little part of level 3 of the supply drop, where he destroys the left over coins no one claimed, which automatically reduces total supply. There actually probably will be a sizable number of coins destroyed.


I'm not claiming to be ben, i'm just laughing at the people looking down on everyone without any detailed explanation.


does anyone know the percent of icelanders with an account on crypsty already?


(i just sold my last little bit.. now it was final confirmed on cryppy.. but not due to concerns over march 25)

If this goes ahead, somebody will set up a business where they sort your coins out then dump them on your behalf. People only want cash, nothing else.

BTC may pump slightly as a result of all the people trying to turn AUR into cash,

This is doomed.

I'm not sure if people in this thread honestly do not see the crash coming?  Or if they're just trying to pump up the price and sell before the market is flooded with 100x the supply of AUR.

You are not giving us new information. All of us  know about it. 25th is far away, and even then it will take months before even 10% of the icelander claim their coins. And  how many of that 10% would know to sell them on exchanges? Probably around 1%  of that 10% .. that's like 0.1% percentage.

It will take an year or more to distribute the coins to 50% of icelanders (if 50% is ever reached.  I doubt it will). No, 10 million coins are not "flooding" exchanges on 25th. It will be a miracle if even 0.1 of that 10 million gets on cryptsy on 26th.



 

This is the most detailed coin distribution analysis by someone who pulls numbers out of their ass that I have read in a long time.

[kocur]

lololol 25 to 1gh.com .)

edit:

Last 24 Hours

4.6097 AUR

I switched about 4h ago .)

[SUNcoinDEVs]

dont u need some SUn in iceland guys???
SUN/AUR market would be cool.

[niothor]

dont u need some SUn in iceland guys???
SUN/AUR market would be cool.

we need some blocks
4120   2014-03-05 04:11:26

[Maurizio]

Vote for kgw update after block 4200 not 5200

[fcode]

Yeah, that's the primary thing holding everything back at this point. The difficultly retargeting is way too long and those big guys just hammer it for a little bit to grab all the low diff coins then they leave and we're stuck for hours at insane difficultly.

[ecliptic]

What pool isn't PURE FUCKING SHIT because every single one in the OP is terribad.

[micryon]

Vote for kgw update after block 4200 not 5200

KGW is a huge benefit to the coin..

[DaFockBro]

Once again: derpity derp derp derp, coindesk article! derp derrrrrppppp coinmarketcap.com, zomg! DERP DERPITY DERP

Oh wait....only 100,000 coins circulating...soon to be millions circulating....DERP!


The stupidity in this thread is astounding.  I thought most crypto people would be smart, geeky-type computer people?

Who are these people who think an impending 10 to 100x flood of new supply will somehow be accompanied by a magical increase in price?

[micryon]

It is low compared to 0.17 peak of just a few hours ago..

Unfortunately, that peak was pure manipulation.. by me, on mintpal last night..  

Sorry, I was just playing around with trying to manipulate the market... noob style I don't know if i even made money doing it.. i might have.  But it was fun..  it just seemed too tempting because all you needed was a few hundred to push it up or down in any direction between .1 to .17.  

Situation seems a bit bleaker today.. lots of dumpers on sells side atm.  So anyways don't count on that .17.. was totally fake

[Brilliantrocket]

Auroracoin dropping? Who could have predicted? Whoever made this coin is now set for life. Good job, dev.

[NickPortland]

It is low compared to 0.17 peak of just a few hours ago..

Unfortunately, that peak was pure manipulation.. by me, on mintpal last night..  

Sorry, I was just playing around with trying to manipulate the market... noob style I don't know if i even made money doing it.. i might have.  But it was fun..  it just seemed too tempting because all you needed was a few hundred to push it up or down in any direction between .1 to .17.  

Situation seems a bit bleaker today.. lots of dumpers on sells side atm.  So anyways don't count on that .17.. was totally fake

I know I'm not blind, the sell and buy orders of 0.0001 aur are a clear sign someone's manipulating hard.

Anyway, 0,07 is still half of the 0.14 high on cryptsy.

[DaFockBro]

This is pretty exciting though.  This is literally the biggest pump and dump in the history of crypto.  I will probably buy in around .00075-.001 BTC, provided the airdrop is a success

[Maurizio]

It is low compared to 0.17 peak of just a few hours ago..

Unfortunately, that peak was pure manipulation.. by me, on mintpal last night..  

Sorry, I was just playing around with trying to manipulate the market... noob style I don't know if i even made money doing it.. i might have.  But it was fun..  it just seemed too tempting because all you needed was a few hundred to push it up or down in any direction between .1 to .17.  

Situation seems a bit bleaker today.. lots of dumpers on sells side atm.  So anyways don't count on that .17.. was totally fake

LOL- You alone did that manipulation up to .17? serious?