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colinfx
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February 12, 2014, 10:37:25 PM |
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A simple thought experiment.... What might happen to the price from here?
Current price you can get is 4 satoshi, with block reward halving each week for 5 weeks, you can double the price each week for it to keep up with cost of mining.
So....
Week 0 - 4 sat
Week 1 - 8 sat
Week 2 - 16 sat
Week 3 - 32 sat
Week 4 - 64 sat
Week 5 - 128 sat
If price stays in line with cost to acquire, then 128 satoshi after 5 weeks would not be unreasonable.
Of course maybe only get half this. But still a great return from here!
Good luck!
scarcity don't make the coin more valuable, demand make it, don't hold much hope for that price would be good if it reach 20-30, 120 is just ...unreal If demand stays the same then the price has to rise. |
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Langly
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February 12, 2014, 11:02:41 PM |
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Anyone who doesn't understand, just take a minute to read... +1 Trying to get to 50million before block halving.... It's not going too well  I'm just trying to hit 1Million here with my low power, while still trying to get at least a little bit of some other stuff, I may even fire up CPU mining before the first halving at this rate. How far from your mark are you? With this halving getting to a certain mark before the end is just going to get slower and slower. Hoping Mint really takes off, but I'd like to get at least 10 Vert as well before things pick up, with my low hash rate even splitting around in small amounts is going annoyingly slow. With mint's low power afterwards though it should be interesting after the first 5 weeks. Why Verts? Are you thinking this coin will take off again? I have triple amount of them and can't decide whether to convert those to MINT or not If this pans out http://www.reddit.com/r/vertcoin/comments/1xpjww/thanks_to_moolah_hopefully_today_shops_will_now/ it will help it's value. I can only mine like .6 vert a day I'd like like to hold onto at least 10, preferably 20, too busy with Mint before the first halving for now though. |
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CHMinePeeR
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February 12, 2014, 11:06:14 PM |
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Done, comon guys keep voting and lets spread our love to mint to everyone  This is looking like a coin that will really take off! One exchange i would like us to try and work with, as it is a exchange for the future is: Mcxnow. If we were to get on there we would be golden. 2nd, I'd like to see more services for mint, games, shops, whatever you have, accept Mint on it . I'm willing to give out a couple of 100K's for any progress on this front, And dev, if you need any help with promoting, making sure things happen etc, dont hesitate to contact me, I love the idea of this coin. Cheers! I agree with you Hampuz, and i follow your intentions. I want to see accepted MINT on some places, we need some places where people can also spend mint, not only look for investors interest in POS, we need shop accepting mint for those that wish buy something with mint, we need games and or casino games for gamblers, i suggest we all giveaway some of OUR mint to some developers interest of create something nice for mint. I have aprox 11mio of mint, i will give away 1'000'000 MINT Total split to the first 4 nice projects/sites loved from community, it can be games, shop, or what ever is usefull and can be something good for mint's Future. If i had the ability to do something i would already have done... but what i can do is give some good incentive, and i think also someone other of you can do same  Lets get attentions to MINT!!! (sorry for my bad english, its not my language + im very tired right now!) P.S. THX THO THE ONE THAT DONATED ME 1000MINT LAST NIGHT |
Crypto Skill Promotions - Promote your Coin from Professionists!!Get your LatiumCoin for free! just register here … ! ENJOY LAT is on https://coin-swap.net ! Don't miss this!! You get 5Lat just for signup ( at actual rate thats a free 0.01btc )
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flounderella
Sr. Member
 Offline
Activity: 350
Merit: 250
Bitcoin Evengelist
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February 12, 2014, 11:09:43 PM |
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Well on the bright side, not much downside from here right. I mean it can only fall 3 more satoshi from here but upside is to the moon :p
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bizzargin
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February 12, 2014, 11:11:39 PM |
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A simple thought experiment.... What might happen to the price from here?
Current price you can get is 4 satoshi, with block reward halving each week for 5 weeks, you can double the price each week for it to keep up with cost of mining.
So....
Week 0 - 4 sat
Week 1 - 8 sat
Week 2 - 16 sat
Week 3 - 32 sat
Week 4 - 64 sat
Week 5 - 128 sat
If price stays in line with cost to acquire, then 128 satoshi after 5 weeks would not be unreasonable. So if this is wrong and it is only 40 satoshi in 5 weeks - so what? thats 1000% profit from here! Time is limited!
Of course maybe only get half this. But still a great return from here!
Good luck!
I don't think this is unrealistic, but with all the coins on the market in 5 weeks (then POS coins after) the price will have a difficult time climbing because of the whales ability to sell. Any slight increases, you will see a large dump of coins and slow down the demand. Not that I want this to happen, but all the whales will have breaking points and dumping at certain levels. After 6 months, I could see it becoming desirable. That's just my 2 cents tho.... |
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hvezdasmrti
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February 12, 2014, 11:14:02 PM |
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I have a better strategy: dump at 4 satoshi (yes its late now) rebuy at 1 or 2 satoshi (yes its risky) wait a while... and make a profit  A whale way: dump the price to zero (using 20 BTC) wait buy them all (using 30 BTC) wait pump the price (using 20 BTC) make artifical lack of coins... and when price skyrockets, just sell them all (receiving 100-1000 BTC) |
In Pump and Dump we trust.
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Hampuz
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February 12, 2014, 11:14:14 PM |
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Done, comon guys keep voting and lets spread our love to mint to everyone This is looking like a coin that will really take off! One exchange i would like us to try and work with, as it is a exchange for the future is: Mcxnow. If we were to get on there we would be golden. 2nd, I'd like to see more services for mint, games, shops, whatever you have, accept Mint on it . I'm willing to give out a couple of 100K's for any progress on this front, And dev, if you need any help with promoting, making sure things happen etc, dont hesitate to contact me, I love the idea of this coin. Cheers! I agree with you Hampuz, and i follow your intentions. I want to see accepted MINT on some places, we need some places where people can also spend mint, not only look for investors interest in POS, we need shop accepting mint for those that wish buy something with mint, we need games and or casino games for gamblers, i suggest we all giveaway some of OUR mint to some developers interest of create something nice for mint. I have aprox 11mio of mint, i will give away 1'000'000 MINT Total split to the first 4 nice projects/sites loved from community, it can be games, shop, or what ever is usefull and can be something good for mint's Future. If i had the ability to do something i would already have done... but what i can do is give some good incentive, and i think also someone other of you can do same Lets get attentions to MINT!!! (sorry for my bad english, its not my language + im very tired right now!) P.S. THX THO THE ONE THAT DONATED ME 1000MINT LAST NIGHT Allright, thanks. Ill back your offer with 1M Mint of my own too. That means, any developer that does a game etc, will receive 500K Mint, and that will be for 4 people, so a total of 2M Bounty. Lets rally up people! |
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Zukii
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February 12, 2014, 11:14:22 PM |
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Done, comon guys keep voting and lets spread our love to mint to everyone This is looking like a coin that will really take off! One exchange i would like us to try and work with, as it is a exchange for the future is: Mcxnow. If we were to get on there we would be golden. 2nd, I'd like to see more services for mint, games, shops, whatever you have, accept Mint on it . I'm willing to give out a couple of 100K's for any progress on this front, And dev, if you need any help with promoting, making sure things happen etc, dont hesitate to contact me, I love the idea of this coin. Cheers! I agree with you Hampuz, and i follow your intentions. I want to see accepted MINT on some places, we need some places where people can also spend mint, not only look for investors interest in POS, we need shop accepting mint for those that wish buy something with mint, we need games and or casino games for gamblers, i suggest we all giveaway some of OUR mint to some developers interest of create something nice for mint. I have aprox 11mio of mint, i will give away 1'000'000 MINT Total split to the first 4 nice projects/sites loved from community, it can be games, shop, or what ever is usefull and can be something good for mint's Future. If i had the ability to do something i would already have done... but what i can do is give some good incentive, and i think also someone other of you can do same Lets get attentions to MINT!!! (sorry for my bad english, its not my language + im very tired right now!) P.S. THX THO THE ONE THAT DONATED ME 1000MINT LAST NIGHT This seems like something the dev should be doing with the 700 million premine? |
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Langly
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February 12, 2014, 11:14:54 PM |
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Well on the bright side, not much downside from here right. I mean it can only fall 3 more satoshi from here but upside is to the moon :p
Well theoretically if could fall far below 1 Satoshi and not be tradeable to BTC, the horrors should it hit 0.00000001 devcoin or something. Not going to happen, but the point remains. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 12, 2014, 11:28:57 PM |
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To many of these coins now
Just because of block half doesnt mean its going up.
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CHMinePeeR
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February 12, 2014, 11:30:00 PM |
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Done, comon guys keep voting and lets spread our love to mint to everyone This is looking like a coin that will really take off! One exchange i would like us to try and work with, as it is a exchange for the future is: Mcxnow. If we were to get on there we would be golden. 2nd, I'd like to see more services for mint, games, shops, whatever you have, accept Mint on it . I'm willing to give out a couple of 100K's for any progress on this front, And dev, if you need any help with promoting, making sure things happen etc, dont hesitate to contact me, I love the idea of this coin. Cheers! I agree with you Hampuz, and i follow your intentions. I want to see accepted MINT on some places, we need some places where people can also spend mint, not only look for investors interest in POS, we need shop accepting mint for those that wish buy something with mint, we need games and or casino games for gamblers, i suggest we all giveaway some of OUR mint to some developers interest of create something nice for mint. I have aprox 11mio of mint, i will give away 1'000'000 MINT Total split to the first 4 nice projects/sites loved from community, it can be games, shop, or what ever is usefull and can be something good for mint's Future. If i had the ability to do something i would already have done... but what i can do is give some good incentive, and i think also someone other of you can do same Lets get attentions to MINT!!! (sorry for my bad english, its not my language + im very tired right now!) P.S. THX THO THE ONE THAT DONATED ME 1000MINT LAST NIGHT This seems like something the dev should be doing with the 700 million premine? i hope that the dev guy or team gets a bit more involved here and show use what he are doing or what he is plan to do, because im still wondering what they are doing out of let mint run.... the project of this coin is awesome but im really wondering why no more work is done or presented here...we are also still waiting for the new design of the website, what i think should be done from long time... DEV if you need a very good designer, just let me know i know one very good!!! I belive in mint, but there is needed some more attention and work from the dev side....maybe im wrong and they/he is working a lot and just want to surprise us....I HOPE SO!!! To many of these coins now
Just because of block half doesnt mean its going up.
Completly agree, we need to do something for the coin to push it up in value!! |
Crypto Skill Promotions - Promote your Coin from Professionists!!Get your LatiumCoin for free! just register here … ! ENJOY LAT is on https://coin-swap.net ! Don't miss this!! You get 5Lat just for signup ( at actual rate thats a free 0.01btc )
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Sparkzor
Member
Offline
Activity: 112
Merit: 10
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February 12, 2014, 11:32:03 PM |
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To many of these coins now
Just because of block half doesnt mean its going up.
I think the mechanics of this coins are pretty rare tbh. After 5 weeks it's pretty much impossible to dump the price. Or atleast that big miners dump... Dumping wont happen as often and maybe Dev could start some donation or event where everyone plants a mint herb! |
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navarthelol
Member
Offline
Activity: 133
Merit: 11
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February 13, 2014, 12:30:02 AM |
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What is the difference between POS and "minting", i thought they were the same thing?
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LuxCapacitor
Newbie
Offline
Activity: 36
Merit: 0
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February 13, 2014, 12:37:26 AM |
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What is the difference between POS and "minting", i thought they were the same thing?
They are. After a coin is in your wallet for 20 days you've proven your stake and new coins are "minted" by the wallet's miner process. |
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dreamlucky
Newbie
Offline
Activity: 56
Merit: 0
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February 13, 2014, 02:14:32 AM |
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lumeire
Legendary
Offline
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
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February 13, 2014, 02:48:26 AM |
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The community is doing their part well, I hope the dev could lay with us their roadmap for the future of this coin.
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Sparkzor
Member
Offline
Activity: 112
Merit: 10
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February 13, 2014, 02:49:20 AM |
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I'll post here since I'm desperate atm... I really need to sell so I can buy new stuff!
WTS 50,000,000 MINT @3 sat each!
I dont trust the exchanges it's at atm and I need to withdraw some BTC right now. My PSU on mining rig just burned and with it 2 280x and mobo...
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Hampuz
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February 13, 2014, 02:50:40 AM |
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I'll post here since I'm desperate atm... I really need to sell so I can buy new stuff!
WTS 50,000,000 MINT @3 sat each!
I dont trust the exchanges it's at atm and I need to withdraw some BTC right now. My PSU on mining rig just burned and with it 2 280x and mobo...
Wish i had some btc and i would have bought.. currently only holding MINT's myself :/ |
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David Latapie
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February 13, 2014, 02:59:56 AM |
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Hi, I just sent coinmarketcap a request for inclusion. Everything is ready EXCEPT that both mintcoin exchanges that I know are less than 30 day old (at worst, they will be on March 2th). Next things to do: 1. Check coins to be added on https://bitcointalk.org/index.php?topic=199685.02. Shout on the forum when it is on the list 3. Shout again when it graduated 4. Ask cryptsy to add it 5. Shout when it is the case Meanwhile, vote 10 times each day for mintcoin on http://www.allcrypt.com/beta/voting.phpReminder: mintcoin is very stable at 4 satoshi sur https://www.mintpal.com/market/MINT/BTC. According to some of you, it is terribly undervalued - I can't tell. But what I can say is this: - mintcoin has a nice name, this helps - it has by far the highest trading on Mintpal |
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sixteendigits
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February 13, 2014, 03:21:22 AM |
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I'll post here since I'm desperate atm... I really need to sell so I can buy new stuff!
WTS 50,000,000 MINT @3 sat each!
I dont trust the exchanges it's at atm and I need to withdraw some BTC right now. My PSU on mining rig just burned and with it 2 280x and mobo...
Back off gentlemen, these MINT are mine! |
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