moderndezigns
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April 22, 2014, 08:24:38 PM |
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I'm pretty sure the orders are intentional so I'm just going to do my part and keep buying whatever I can afford to try to remove
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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moderndezigns
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Activity: 56
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April 22, 2014, 08:26:14 PM |
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moderndezigns
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April 22, 2014, 08:26:59 PM |
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I guess I could spend all my free time doing other things like our friend here.
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Beaverslayer
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April 22, 2014, 08:30:00 PM |
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to get a visual comparison use the new order depth view on mintpal
Yes, that pretty much puts it into a better perspective, 179 BTC needed to get the value to 62 Satoshis, 75.8 BTC needed to get to 25. That is a big hill to climb, and there is so many Mintcoins just sitting there waiting for this to happen, I truly cannot understand why anyone would want to leave money sit in a drawer and allow it to devalue, when you can put it in a safe place and allow it to grow in the amount you have, as well as increase in value. If any of the people here on this forum have any Mintcoins sitting on a sell order on any exchange, please withdraw them and allow Mint to move onwards and upwards, and earn some more Mintcoins as it happens. |
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ahbartsch
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April 22, 2014, 08:30:53 PM |
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I would actually prefer it dropped down to a couple satoshi temporarily just to flush out all these sell orders, redistribute and then continue to grow for the true investors/believers.
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stormia
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April 22, 2014, 08:35:16 PM |
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I would actually prefer it dropped down to a couple satoshi temporarily just to flush out all these sell orders, redistribute and then continue to grow for the true investors/believers.
I was about to say the same thing, I think it would be best if the people who are holding the market down just hurried up and got out. |
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Beaverslayer
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April 22, 2014, 08:37:39 PM |
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Look at the order depth on mintpal. Ya'll would do a lot better if you removed all of those sell orders and instead collected compound interest at 20% for the first year.
All those sell orders are forcing the market down down down. You can't dump so you may as well mint. We'll never get anywhere like this. Its killing MINT.
Yeah we seriously need to get people to take down some of those massive sell orders. Who the fuck is selling at 12-13 sat I mean seriously people come on. You are just chasing each other down to poverty. It's a lose-lose situation. It's the 20% rate of interest. People just dump their interest for BTC. Why not it's free money. If the market had any amount of decent buy support it wouldn't matter but the buy walls are paper think... it's like a house of cards balanced on a toothpick. Get out imo. It's not free money if the sell orders are just sitting there for who knows how long before they are bought up, and the 20% interest is something a lot of people don't seem to understand. If I had 100 million US dollars earning me 20% interest, I sure as hell wouldn't be giving the interest away each time I was payed it, I would be re-investing it back into the place that payed me that 20% in the first place. Sure Blackcoin is doing very good and making people lots of money, Mintcoin, as well as other altcoins can do the same thing given time, people just have to start accepting the fact that there are more than one or two crypto currencies out there, and a lot of them are not going to go away. I commend the Blackcoin Team for what they have accomplished in such a short amount of time, very well done. Mintcoin is trying to do the same, just at a slower pace, and with more benefits to people who hold coins and earn more as the price increases. |
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mgburks77
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April 22, 2014, 08:51:20 PM |
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if it was interest they would sell for market. its one guy with a shitload of mint who is desperate to unload it.
dump at market and get out before you totally kill the value, whoever you are
might as well get something out of it while you can, and leave the rest of us some small hope that the price might recover after we hit the bottom
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Jeff Jefferson
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April 22, 2014, 08:54:35 PM |
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yeah that order book thingy for mint is really brutal. but than again i don't believe in the walls. they are just set up to influence the market. they are likely to be removed if the value starts rising. don't care about them. just keep buying if you can afford to. we can't fall deeper than 0  |
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Kergekoin
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April 22, 2014, 08:56:13 PM |
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Dont argue with that blackcoin fanboy who has clearly false statements in hes signature. And hes stupid enough to make them bold and big.
BC is definately wonderful coin, but MINT is no bad either.
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moderndezigns
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Activity: 56
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April 22, 2014, 08:56:16 PM |
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moderndezigns
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April 22, 2014, 08:58:10 PM |
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yeah that order book thingy for mint is really brutal. but than again i don't believe in the walls. they are just set up to influence the market. they are likely to be removed if the value starts rising. don't care about them. just keep buying if you can afford to. we can't fall deeper than 0 haha yup |
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David Latapie
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April 22, 2014, 09:03:48 PM |
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So what is the story with the Android wallet? When will it be fully functional and released to the public? i think paspi is really into it. check his latest update. better release a solid product than rush the things. guys i don't remember: is it possible to not release it completely open source? those blackcoin guys will copy it within a week if it's any good! it wouldn't be fair!!! any ideas? The wallet bounty from the developer is on the condition that the Android wallet is open source, this goes with the ideals and concepts of the way Satoshi envisioned things. As well as all the QT wallets and such are Open Source, so to use them as templates, you have to keep it open source. A way around this is to publicly encourage other PoS coin to use our wallet. That way, Blackcoin could not boast about it. I call this the "shouting louder" technique. The louder we mention the wallet, the less people could pretend it it theirs (so, we should also contact ghostcoin, zeitcoin and, yes, even peercoin if they don't have one). Plus, it will ensure publicity for mintcoin. Who in the marketing team will take care of this? paspi is busy with coding, so this must be someone else. |
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mgburks77
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April 22, 2014, 09:07:25 PM |
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it can't go below zero, but it can go TO zero. and whoever is doing that is going to make it go to zero before they are able to sell a significant amount of their stash.
They are better off if they dump at market price and get that 12 or so BTC in buy orders.
No one is going to buy at 12 if a 10 BTC sell order is hanging over their head at 13, not to mention almost 200 BTC in sell orders above that. That would be suicide.
I think it may be too late for this coin.
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mr_random
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Activity: 1274
Merit: 1001
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April 22, 2014, 09:11:13 PM |
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it can't go below zero, but it can go TO zero. and whoever is doing that is going to make it go to zero before they are able to sell a significant amount of their stash.
They are better off if they dump at market price and get that 12 or so BTC in buy orders.
No one is going to buy at 12 if a 10 BTC sell order is hanging over their head at 13, not to mention almost 200 BTC in sell orders above that. That would be suicide.
I think it may be too late for this coin.
Even mgburks sounds like hes sold his MINT  |
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stormia
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April 22, 2014, 09:12:53 PM |
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it can't go below zero, but it can go TO zero. and whoever is doing that is going to make it go to zero before they are able to sell a significant amount of their stash.
They are better off if they dump at market price and get that 12 or so BTC in buy orders.
No one is going to buy at 12 if a 10 BTC sell order is hanging over their head at 13, not to mention almost 200 BTC in sell orders above that. That would be suicide.
I think it may be too late for this coin.
Even mgburks sounds like hes sold his MINT mr_random you really have no shame, do you? |
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Ghepetto
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April 22, 2014, 09:13:39 PM |
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The price is down, la de friggin da.. you cannot mine it anymore let them dump it down to whatever they want and buy in cheap.
Then thank them for dumping in a year.
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--------------------Bagholder Extraordinaire--------------------
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moderndezigns
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Activity: 56
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April 22, 2014, 09:14:45 PM |
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please just report him to the moderators and ignore
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David Latapie
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April 22, 2014, 09:15:19 PM |
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Even mgburks sounds like hes sold his MINT Surprise! An announcement on mintcoin and guess who is coming? Some things really are predictable. So mr_random how is Blackcoin going? Jupiter? Why are you wasting time, something to fear? Maybe that Pluto will take longer than expected? I created Cynosure for intemediation |
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mgburks77
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April 22, 2014, 09:15:30 PM |
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if i would have i would have nothing to say here
mine are in my wallet
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