[ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]

[stormia]

nermiss hit the nail on the head. It's kind of circular because I think a lot of people tried it out but then they crunched the numbers and realized the amount of mint they were making in a day wasn't all that great given the current low price per mint on exchanges. No one is thinking super long term here, I would say easily 90% or more of people on this forum are expecting to make some massive profit in a matter of months.

Some people are thinking longer term 

[niothor]

nermiss hit the nail on the head. It's kind of circular because I think a lot of people tried it out but then they crunched the numbers and realized the amount of mint they were making in a day wasn't all that great given the current low price per mint on exchanges. No one is thinking super long term here, I would say easily 90% or more of people on this forum are expecting to make some massive profit in a matter of months.

Some people are thinking longer term 

Unfortunately too few of them

[dogechode]

The bottom line is the price would be increasing if people weren't selling. HBN is a great example of this - the price keeps going up because sell pressure is so low. Nobody is really selling in any significant quantity.

Now, mint does have a larger cap but still, if everyone (or even MOST users) were just holding and minting, then the price should naturally be rising. It's not. Therefore, people are selling, and significant amounts.

[DougB62]

Well I'm holding long term. All of my Mint is in my wallet. But - I wouldn't mind making a few bucks on the swings in the interim! 

Thing is, I have relatively few Mint to play with, so I really can't make enough to justify the risk. So - I sit and wait for the launch, instead of trying to make enough to buy a lunch. 

[Suliman]

If I will put lot to sell to Cryptsy will I get POS coin to may account?

[TookDk]

If I will put lot to sell to Cryptsy will I get POS coin to may account?

No absolutely not. You are running a huge risk by keeping your funds on a exchange.
You have no control of you funds, you are basically praying that the exchange is honest and is not being hacked.
+ Plus you will not benefit from minting.

There have been so many security breaches the last 3 month:
Mt.Gox
Vircurex
Cryptorush
BIPS

To mention some..

You know the story about Mt.gox, but read theese:
https://bitcointalk.org/index.php?topic=49383.1060
https://bitcointalk.org/index.php?topic=431099.1020
https://bitcointalk.org/index.php?topic=252308.140

Personally - I only put small amount on the exchange always less than 0.5 worth of BTC, and always less than 1 hour.

[niothor]

If I will put lot to sell to Cryptsy will I get POS coin to may account?

No absolutely not. You are running a huge risk by keeping your funds on a exchange.
You have no control of you funds, you are basically praying that the exchange is honest and is not being hacked.
+ Plus you will not benefit from minting.

There have been so many security breaches the last 3 month:
Mt.Gox
Vircurex
Cryptorush
BIPS

To mention some..

You know the story about Mt.gox, but read theese:
https://bitcointalk.org/index.php?topic=49383.1060
https://bitcointalk.org/index.php?topic=431099.1020
https://bitcointalk.org/index.php?topic=252308.140

Personally - I only put small amount on the exchange always less than 0.5 worth of BTC, and always less than 1 hour.

This.
Coins that are not in your wallet , are not your coins , you practically lend them based on trust.

[signorama]

The bottom line is the price would be increasing if people weren't selling. HBN is a great example of this - the price keeps going up because sell pressure is so low. Nobody is really selling in any significant quantity.

Now, mint does have a larger cap but still, if everyone (or even MOST users) were just holding and minting, then the price should naturally be rising. It's not. Therefore, people are selling, and significant amounts.

Yeah, very few ppl are selling HBN and that's why the price goes up. I had to squeeze myself in to get some. With mint price fluctuation is often between 16 and 13sat, they are easier to get. Nonetheless I still keep mine long term.

[Suliman]

If I will put lot to sell to Cryptsy will I get POS coin to may account?

No absolutely not. You are running a huge risk by keeping your funds on a exchange.
You have no control of you funds, you are basically praying that the exchange is honest and is not being hacked.
+ Plus you will not benefit from minting.

There have been so many security breaches the last 3 month:
Mt.Gox
Vircurex
Cryptorush
BIPS

To mention some..

You know the story about Mt.gox, but read theese:
https://bitcointalk.org/index.php?topic=49383.1060
https://bitcointalk.org/index.php?topic=431099.1020
https://bitcointalk.org/index.php?topic=252308.140

Personally - I only put small amount on the exchange always less than 0.5 worth of BTC, and always less than 1 hour.

This.
Coins that are not in your wallet , are not your coins , you practically lend them based on trust.

>No absolutely not. You are running a huge risk by keeping your funds on a exchange.
But I can check my found every 20 days there? Right?

[dragonseer]

The bottom line is the price would be increasing if people weren't selling. HBN is a great example of this - the price keeps going up because sell pressure is so low. Nobody is really selling in any significant quantity.

Now, mint does have a larger cap but still, if everyone (or even MOST users) were just holding and minting, then the price should naturally be rising. It's not. Therefore, people are selling, and significant amounts.

I think it was noted a few pages back that the biggest holder of Mint was selling? Not dumping in a destructive way, but selling enough to keep the price relatively stable and keep Mint under the radar. So that might seem like the action of many people, but maybe not... Anyway I do expect some rises but even if Mint stays at this price while Bitcoin rises then that's fine.

[gonzoucab]

Mintcoin, with calm because we are on a hurry.

Fast price rise, fast correction arrives and make you look pump and dumped (even if you are not

Hold your mints, a buy PPC

Estable POS is the future

[moderndezigns]

Mintcoin, with calm because we are on a hurry.

Fast price rise, fast correction arrives and make you look pump and dumped (even if you are not

Hold your mints, a buy PPC

Estable POS is the future

I agree I'm very happy with my investment so far.

[TookDk]

I agree I'm very happy with my investment so far.

When did you buy into MINT?

[moderndezigns]

I agree I'm very happy with my investment so far.

When did you buy into MINT?

I've bought in at all different levels  but I know that Mintcoin has a promising future / plans so I will continue buying when I can. I also recommend it to family and friends as I believe it's a great solid long term investment.

[dogechode]

The bottom line is the price would be increasing if people weren't selling. HBN is a great example of this - the price keeps going up because sell pressure is so low. Nobody is really selling in any significant quantity.

Now, mint does have a larger cap but still, if everyone (or even MOST users) were just holding and minting, then the price should naturally be rising. It's not. Therefore, people are selling, and significant amounts.

I think it was noted a few pages back that the biggest holder of Mint was selling? Not dumping in a destructive way, but selling enough to keep the price relatively stable and keep Mint under the radar. So that might seem like the action of many people, but maybe not... Anyway I do expect some rises but even if Mint stays at this price while Bitcoin rises then that's fine.

Isn't the biggest holder the dev? (it's a serious question I'm not being facetious.) I thought there was a sizable pre-mine, so unless someone bought up a ton at the right times it would be hard to rival that.

[stormia]

The bottom line is the price would be increasing if people weren't selling. HBN is a great example of this - the price keeps going up because sell pressure is so low. Nobody is really selling in any significant quantity.

Now, mint does have a larger cap but still, if everyone (or even MOST users) were just holding and minting, then the price should naturally be rising. It's not. Therefore, people are selling, and significant amounts.

I think it was noted a few pages back that the biggest holder of Mint was selling? Not dumping in a destructive way, but selling enough to keep the price relatively stable and keep Mint under the radar. So that might seem like the action of many people, but maybe not... Anyway I do expect some rises but even if Mint stays at this price while Bitcoin rises then that's fine.

Isn't the biggest holder the dev? (it's a serious question I'm not being facetious.) I thought there was a sizable pre-mine, so unless someone bought up a ton at the right times it would be hard to rival that.

Impossible to say which address is the dev's for certain: http://mint.blockx.info/richlist/
They have already used some of the premine for bounties and the Mintcoin Fund, so hard to guess exactly how much is left. I think the dev has big long-term plans for this coin, which is why they have been hesitant to use the premine as quickly as some might prefer.

[dogechode]

Impossible to say which address is the dev's for certain: http://mint.blockx.info/richlist/
They have already used some of the premine for bounties and the Mintcoin Fund, so hard to guess exactly how much is left. I think the dev has big long-term plans for this coin, which is why they have been hesitant to use the premine as quickly as some might prefer.

Is it correct that the premine was 700million mint or was that just an outright lie? Many times throughout this thread it has come up that they supposedly pre-mined 700million coins. I am not complaining about the pre-mine or the devs holding on to it (if they in fact still are, it sounds like we don't really know.) I just want to understand the whole situation here.

[ficklepickle]

We need more people on the Reddit community as well. 

Lots of new investors with questions lately.

http://www.reddit.com/r/mintcoin

[LosingAlpha]

Impossible to say which address is the dev's for certain: http://mint.blockx.info/richlist/
They have already used some of the premine for bounties and the Mintcoin Fund, so hard to guess exactly how much is left. I think the dev has big long-term plans for this coin, which is why they have been hesitant to use the premine as quickly as some might prefer.

Is it correct that the premine was 700million mint or was that just an outright lie? Many times throughout this thread it has come up that they supposedly pre-mined 700million coins. I am not complaining about the pre-mine or the devs holding on to it (if they in fact still are, it sounds like we don't really know.) I just want to understand the whole situation here.

Total coins=70b. Premine=1%. So yep, 700m pre mined.

[Daveholdem]

Got lots of 'minted' coins but they havent actually minted but showing on the transaction thingy. Is this normal?