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pjviitas
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March 06, 2014, 02:07:57 AM |
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How is market cap calculated?
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battbot
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March 06, 2014, 02:09:21 AM |
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I don't give a shit about any of that, all I want to decide is whether aur pump this month has any legs left or is it dead?
patience. liftoff is imminent. |
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chesthing
Legendary
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Activity: 1414
Merit: 1000
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March 06, 2014, 02:11:01 AM |
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I don't give a shit about any of that, all I want to decide is whether aur pump this month has any legs left or is it dead?
patience. liftoff is imminent. If you're wrong, cover my losses? lol |
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DaFockBro
Newbie
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Activity: 126
Merit: 0
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March 06, 2014, 02:12:06 AM |
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How is market cap calculated?
Price x Number of coins in circulation Current Auroracoin market cap: .05225 BTC/AUR x 103,851 AUR = 5426 BTC |
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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March 06, 2014, 02:13:29 AM |
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I don't give a shit about any of that, all I want to decide is whether aur pump this month has any legs left or is it dead?
Legs have been chopped off. Even with kgw coming I still dout it |
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DaFockBro
Newbie
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Activity: 126
Merit: 0
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March 06, 2014, 02:15:24 AM |
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I don't give a shit about any of that, all I want to decide is whether aur pump this month has any legs left or is it dead? I already figure it's done after the drop, at least for a good bit.
The massive pump was mainly due to coindesk publishing an extremely deceiving article about Auroracoin. Their sensationally epic pump of an article failed to mention that only 100,000 AUR were in circulation: http://www.coindesk.com/icelands-auroracoin-passes-litecoin-becomes-third-largest-altcoin-market-cap/It has taken a few days for investors to realize that they need to dump their AUR now to avoid the crash when the supply quickly inflates by 100x starting on March 25th. |
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pjviitas
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March 06, 2014, 02:19:09 AM |
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How is market cap calculated?
Price x Number of coins in circulation Current Auroracoin market cap: .05225 BTC/AUR x 103,851 AUR = 5426 BTC So basically what your saying is that when the airdrop happens the market cap will be approximately: .05225 BTC/AUR x 10,500,000 AUR = 548625 BTC That's a lot of Bitcoin. |
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balduro (OP)
Member
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Activity: 76
Merit: 10
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March 06, 2014, 02:20:25 AM |
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It is right to raise concerns about what happens to the price when the coins start circulating. Who knows what will happen.
I do however think you are overestimating the pace at which this will happen. Hopefully the infrastructure needed for adoption in Iceland will have time to form and mature in the mean time.
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pjviitas
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March 06, 2014, 02:21:07 AM |
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I don't give a shit about any of that, all I want to decide is whether aur pump this month has any legs left or is it dead?
Legs have been chopped off. Even with kgw coming I still dout it Does bitcoin use KGW for relaxing the difficulty? |
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DaFockBro
Newbie
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Activity: 126
Merit: 0
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March 06, 2014, 02:30:30 AM |
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How is market cap calculated?
Price x Number of coins in circulation Current Auroracoin market cap: .05225 BTC/AUR x 103,851 AUR = 5426 BTC So basically what your saying is that when the airdrop happens the market cap will be approximately: .05225 BTC/AUR x 10,500,000 AUR = 548625 BTC That's a lot of Bitcoin. No, what I'm saying is that even if the market cap increases from the current 5426 BTC to 20,000 BTC after the airdrop, we're still looking at a massive price drop current market cap: .05225 BTC/AUR x 103,851 AUR = 5426 BTC 4x increase in market cap, given airdrop is successful: .001885014 BTC/AUR x 10,610,000 AUR = 20,000 BTC 4x increase in market cap, assuming only 10% of Icelanders claim their free money: .016515277 BTC/AUR x 1,211,000 AUR = 20,000 BTC No matter how you look at it, there will be a massive drop in price once the airdrop starts (and also prior to it as investors anticipate the drop) Nobody wants to be left holding the bag when the best case scenario is the price dropping down to ~.02 BTC/AUR |
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pjviitas
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March 06, 2014, 02:40:09 AM |
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How is market cap calculated?
Price x Number of coins in circulation Current Auroracoin market cap: .05225 BTC/AUR x 103,851 AUR = 5426 BTC So basically what your saying is that when the airdrop happens the market cap will be approximately: .05225 BTC/AUR x 10,500,000 AUR = 548625 BTC That's a lot of Bitcoin. No, what I'm saying is that even if the market cap increases from the current 5426 BTC to 20,000 BTC after the airdrop, we're still looking at a massive price drop current market cap: .05225 BTC/AUR x 103,851 AUR = 5426 BTC 4x increase in market cap, given airdrop is successful: .001885014 BTC/AUR x 10,610,000 AUR = 20,000 BTC 4x increase in market cap, assuming only 10% of Icelanders claim their free money: .016515277 BTC/AUR x 1,211,000 AUR = 20,000 BTC No matter how you look at it, there will be a massive drop in price once the airdrop starts (and also prior to it as investors anticipate the drop) Nobody wants to be left holding the bag when the best case scenario is the price dropping down to ~.02 BTC/AUR Your maths don't make sense to me Why are you changing the BTC/AUR exchange rate? |
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Maurizio
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March 06, 2014, 02:43:31 AM |
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How is market cap calculated?
Price x Number of coins in circulation Current Auroracoin market cap: .05225 BTC/AUR x 103,851 AUR = 5426 BTC So basically what your saying is that when the airdrop happens the market cap will be approximately: .05225 BTC/AUR x 10,500,000 AUR = 548625 BTC That's a lot of Bitcoin. No, what I'm saying is that even if the market cap increases from the current 5426 BTC to 20,000 BTC after the airdrop, we're still looking at a massive price drop current market cap: .05225 BTC/AUR x 103,851 AUR = 5426 BTC 4x increase in market cap, given airdrop is successful: .001885014 BTC/AUR x 10,610,000 AUR = 20,000 BTC 4x increase in market cap, assuming only 10% of Icelanders claim their free money: .016515277 BTC/AUR x 1,211,000 AUR = 20,000 BTC No matter how you look at it, there will be a massive drop in price once the airdrop starts (and also prior to it as investors anticipate the drop) Nobody wants to be left holding the bag when the best case scenario is the price dropping down to ~.02 BTC/AUR why your massive activities in this thread? if I think a coin is scam I post it once and leave. whats your intention 2 be here? |
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DaFockBro
Newbie
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Activity: 126
Merit: 0
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March 06, 2014, 03:28:09 AM |
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How is market cap calculated?
Price x Number of coins in circulation Current Auroracoin market cap: .05225 BTC/AUR x 103,851 AUR = 5426 BTC So basically what your saying is that when the airdrop happens the market cap will be approximately: .05225 BTC/AUR x 10,500,000 AUR = 548625 BTC That's a lot of Bitcoin. No, what I'm saying is that even if the market cap increases from the current 5426 BTC to 20,000 BTC after the airdrop, we're still looking at a massive price drop current market cap: .05225 BTC/AUR x 103,851 AUR = 5426 BTC 4x increase in market cap, given airdrop is successful: .001885014 BTC/AUR x 10,610,000 AUR = 20,000 BTC 4x increase in market cap, assuming only 10% of Icelanders claim their free money: .016515277 BTC/AUR x 1,211,000 AUR = 20,000 BTC No matter how you look at it, there will be a massive drop in price once the airdrop starts (and also prior to it as investors anticipate the drop) Nobody wants to be left holding the bag when the best case scenario is the price dropping down to ~.02 BTC/AUR Your maths don't make sense to me Why are you changing the BTC/AUR exchange rate? The calculations are based on market cap predictions. The price per coin changes based on the market cap and the amount of coins in circulation. The main reason I keep posting in this thread is simply to warn people about the incoming crash so noobs don't get burnt. I also find the lack of basic logic in this thread to be very entertaining. |
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Hellionator
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March 06, 2014, 03:58:52 AM |
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0.25 BTC reward for next block finder at http://aur.scrypthp.com - MPOS pool on secure server. |
→→MPOS POOLS ON SUPERFAST SECURE SERVERS!←← |
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crocko
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March 06, 2014, 05:00:52 AM |
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Hit me with 10 AUR and I will bring the heavy artillery to your pool  |
Find my posts helpful? Click my Trust link and rep me!
| BTC: 1MqUxoDQE8Q88sDvoaLMbBJSMToSfPgKSy | | DOGE: D61Na9wjuneAn9GFLRNrHgWHHFwVfd1T7y | | LTC: 3Luo136zrqkCi53jT72FEY52GbwW1ZYi6X |
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NickPortland
Member
Offline
Activity: 98
Merit: 10
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March 06, 2014, 05:01:19 AM |
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Hit me with 10 AUR and I will bring the heavy artillery to your pool Me too |
Official Ambassador for UTC-PND relations
*donations here*
UTC: Ujff1xrc8brmHkRaFG3BcG5nVScXdh5Wu1 BTC: 159uuxJCfUsG44N52NUsydi2bCNeFSYyTi
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cloudminers
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March 06, 2014, 05:10:08 AM |
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Mining without transaction feesJoin Cloudminers, we don't handle any transactions fees. We only handle a mining fee of 1%. http://aur.cloudminers.net
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NickPortland
Member
Offline
Activity: 98
Merit: 10
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March 06, 2014, 05:15:56 AM |
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I don't give a shit about any of that, all I want to decide is whether aur pump this month has any legs left or is it dead?
patience. liftoff is imminent. How do you know this? Are you on some of "teams" responsible for the pump/dumps? Like wolong's? |
Official Ambassador for UTC-PND relations
*donations here*
UTC: Ujff1xrc8brmHkRaFG3BcG5nVScXdh5Wu1 BTC: 159uuxJCfUsG44N52NUsydi2bCNeFSYyTi
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dwolfx
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March 06, 2014, 05:17:26 AM
Last edit: March 06, 2014, 05:37:43 AM by dwolfx |
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This coin is busted up.
1) Transactions take forever to confirm (seriously fix this, it took me like 12 hours to get confirmations in wallet for sending some coins)...
2) Blocks take forever to mine. . .
3) Price is pretty much devastated because people know airdrop is around corner.....
4) The price is guaranteed to drop to less than LiteCoin as soon as air-drop hits , because if its worth "anything" people who get them for free will inevitably just dump them.
5)In order for people to hold them, 40 coins has to be worth less than say 20~50$ just so that people hold them out of "curiosity", if its anything over say 100$ per 40 coins, people will probably just dump them , especially since they have no skin in the game say like miners or people who are actually trying to use the coin.
Price has to drop to say 5~10$ a coin to be "viable" for airdrop.... hence the devs being concerned about speculation driving price up.
It had no business going as high as it did , seriously . . .
If the price stays this high, it will pretty much make the airdrop a huge failure moment, because the last thing you want to do is give people coins that instantly drop 50% in value over-night and then try to sell them on the idea that its better to use than a currency that devalued 100% over 20 years....
The best thing for airdop would be is if these coins are held at artificially low values leading up to air-drop, so that when people get coins in their hand they start to appreciate in value instead of depreciate.
Best thing to do , to keep this coin healthy . . . is to hold a few coins Say 20 % of what you mined as a reserve, and just dump what you mine every-day . . . keep the price low so when airdrop happens the coin has a freaking chance for adoption instead of just handing people something that will de-value 100% the day after the air drop.
I don't get anyone's logic right now for hoarding this coin, the price the other day was a fluke / freak occurrence. . . the price is clearly going to slip under 20$. . . I think personally im going to set a few buy orders in at 5/10$ where I think you have a more . . . say realistic valuation grounded in reality.
I mean , I hate to say it . . . but 30$ is way over-priced for the inevitable chain of events that will take place.
I think sellers should get what they can NOW before price inevitably drops.... the airdrop just puts way too much downward pressure.
Best time to buy will be during the airdrop , they dont call it an air-DROP for no reason.
Then again, what do I know . . . anything could happen, maybe it could go 1 to 1 with bitcoin tomorrow, the world is full of crazy people with way too much $$$ in their hands.
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Leetpools!
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