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deadmanwalking
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February 24, 2014, 06:38:46 AM |
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At current difficulty this coin is only profitable if price stays above 50 SAT.
What is so special about this coin? Can someone help me understand? So this coin is pretty much guaranteed to lose 20% (min) the first year and continue to do so in the future at 5%/yr (or more, 5% is min).
Why does everyone think its good to have a coin give you dividends? When the coin pays the 1% the value DROPs 1%. Its just like when Microsoft trades at $26.00 and pays $0.75 dividend and next morning it trades at $25.75.
Ya, except if you're holding you don't need to mine  |
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CryptoMF
Member
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Activity: 70
Merit: 10
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February 24, 2014, 06:39:18 AM |
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I love how this coin hs absorbed all the hashpower away from other coins making everything else so much more profitable. We really needed this after DOGE fell apart and all coins lost most of their profitability due to DOGE miners spreading everywhere. Looks like for the next few weeks there will be a nice vaccum.
Guy you all mine MINT and stay calm and dont look at other coins at all.
I quit mining about 3 days ago. Difficulty goes too high, I move on. Too many miners sit on the same coins for months and months. Its about knowing when to find something newer. As was said before you should just buy Mintcoins now. Much more profitable and you can be assured of getting as many as you want. |
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yodoberman
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Activity: 112
Merit: 10
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February 24, 2014, 06:42:42 AM |
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Hold youre calm ppl, this is oure time now
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CryptoMF
Member
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Activity: 70
Merit: 10
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February 24, 2014, 06:43:41 AM |
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Well tat big dump...  What is going on? Why are people selling? They will be so sorry in a few weeks. Time for some cheap coins! Gobble gobble. |
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bodenliu
Member
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Activity: 104
Merit: 10
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February 24, 2014, 06:45:56 AM |
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wow someone make two small dumps. but the price just went back
dont panic guys, hold your coins, you know its not gonna drop back to your purchase price!
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brooklynite
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February 24, 2014, 06:47:36 AM |
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At current difficulty this coin is only profitable if price stays above 50 SAT.
What is so special about this coin? Can someone help me understand? So this coin is pretty much guaranteed to lose 20% (min) the first year and continue to do so in the future at 5%/yr (or more, 5% is min).
Why does everyone think its good to have a coin give you dividends? When the coin pays the 1% the value DROPs 1%. Its just like when Microsoft trades at $26.00 and pays $0.75 dividend and next morning it trades at $25.75.
Ya, except if you're holding you don't need to mine , its not just YOU so that means the coins is worth exactly 20% less. Its basically the same with all FIAT currencies for example USD loses about 2~3%/year and that is exactly the inflation rate and its also the SAVINGS account rate which basically means you get NOTHING just the lost value. This coin defies the incredible part of bitcoin which is the limited number of coins therefore not losing value because the total count does not change ever. |
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CryptoMF
Member
Offline
Activity: 70
Merit: 10
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February 24, 2014, 06:47:42 AM |
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wow someone make two small dumps. but the price just went back
dont panic guys, hold your coins, you know its not gonna drop back to your purchase price!
Just a few more people need to dump big so I can go all in when it gets below 30 sats. |
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Vinculin
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February 24, 2014, 06:47:47 AM |
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Well tat big dump... What is going on? Why are people selling? They will be so sorry in a few weeks. Time for some cheap coins! Gobble gobble. A big whale cashed out. Price dropped from 56 to 36. |
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deadmanwalking
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February 24, 2014, 06:50:08 AM |
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Well tat big dump... What is going on? Why are people selling? They will be so sorry in a few weeks. Time for some cheap coins! Gobble gobble. A big whale cashed out. Price dropped from 56 to 36. Several whales in this game. Some early buyers, some later..I've been watching it, and expect crazy swings. |
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utuxia
Member
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Activity: 69
Merit: 10
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February 24, 2014, 06:50:30 AM |
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CryptoMF
Member
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Activity: 70
Merit: 10
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February 24, 2014, 06:52:36 AM |
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Well tat big dump... What is going on? Why are people selling? They will be so sorry in a few weeks. Time for some cheap coins! Gobble gobble. A big whale cashed out. Price dropped from 56 to 36. Several whales in this game. Some early buyers, some later..I've been watching it, and expect crazy swings. Are you sure it is not the Devs maybe? Premine is effing huge. Wouldn't even dent their holdings. |
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koprobo
Member
Offline
Activity: 112
Merit: 10
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February 24, 2014, 06:55:43 AM |
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fuck me, now i will sell my 15kk for 7btc :|
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now2ai8
Member
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Activity: 101
Merit: 10
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February 24, 2014, 06:58:03 AM |
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Well tat big dump... What is going on? Why are people selling? They will be so sorry in a few weeks. Time for some cheap coins! Gobble gobble. A big whale cashed out. Price dropped from 56 to 36. Several whales in this game. Some early buyers, some later..I've been watching it, and expect crazy swings. Are you sure it is not the Devs maybe? Premine is effing huge. Wouldn't even dent their holdings. There are over 16 billion coins right now. 700m from premine. Thats a little over 4% of the total coin. That's not going to crash the market. |
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bodenliu
Member
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Activity: 104
Merit: 10
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February 24, 2014, 06:59:27 AM |
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fuck me, now i will sell my 15kk for 7btc :|
good for you, i will buy every of your coin at this price.(below 45 sat) |
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glennbuck
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February 24, 2014, 07:03:03 AM |
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its on crypsty,so everyone is trying to crash price to get in cheap lol
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Jeezy911
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February 24, 2014, 07:03:15 AM |
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Sell sell now hurry it's crashing  |
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koprobo
Member
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Activity: 112
Merit: 10
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February 24, 2014, 07:05:59 AM |
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fuck me, now i will sell my 15kk for 7btc :|
good for you, i will buy every of your coin at this price.(below 45 sat) i sold them before pump, now i can cry : D |
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gofoter
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February 24, 2014, 07:09:47 AM |
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And there are the dumpers to try to get in cheap.Cryptsy is coming.I'm not selling anything.
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andyatcrux
Legendary
Offline
Activity: 938
Merit: 1000
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February 24, 2014, 07:11:15 AM |
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Cryptsy. You are not gonna get a deposit in on time to take part in their usual pump and dump. That is for the insiders only. Hell, you can't have a deposit address. LOL
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drippx
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February 24, 2014, 07:16:57 AM |
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Incoming crash in 5...4...3...
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