Badmadbrad
Newbie
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Activity: 25
Merit: 0
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March 18, 2014, 04:00:31 PM |
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It looks like the sell walls are beginning to thin!
They were all solid 5 BTC earlier.
The 11 Satoshi buy wall is building up a bit.
Just the wall at 12 Satoshi sell holding the price down now. That could move at any moment. Wouldnt be suprised if we see upward movement that the sell walls at higher prices disappear
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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sidhujag
Legendary
Offline
Activity: 2044
Merit: 1005
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March 18, 2014, 04:02:17 PM |
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I don't think this coin is going to die. I think it is going to shake off all of the manipulators and day traders and go on to become a utilitarian currency. But it will be a long process.
My advice to would be day traders, if you aren't going long you are going to lose on this coin. Sell your holding for what you can get now and go on to the next pump.
There isn't one coming here. We'll go down to 1 maybe 2 satoshis and then we will grind back up the whole way as digital currency gains acceptance for the next 15-20 years. Mint may survive that process, or it may not. This is the nature of high risk investments into technical innovation.
Werent you the one saying to review the facts that mint is a pump and dump and since it encourages hoarding it will never get anywhere? Split personalities? |
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mgburks77
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March 18, 2014, 04:02:56 PM |
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You can't keep this coin on an exchange or the exchange will continuously dump it's minting and drop the price.
So either sell and get out, or send your mint to your wallet to mint. If there is no selling pressure the price will go up. Otherwise it will be driven to 1 by this force.
This is a buyers market until people figure out what game is afoot.
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Party Hard
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March 18, 2014, 04:03:05 PM |
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Definite whale on board! 6btc sell just stoppered fun being had moving price to 13..... hold tight!
While I'm here...just a few things to say from me as I've kept my trap shut till now....
David... please keep quiet you don't do Mint PR any favours...do your work behind scenes
Dev ... ok to get merchants etc on board but if there isn't any value to the coin whats the point...
Dev .... a bit of transparency would go a long way for moral and confidence..
A lot more to say both positive and negative but now isn't the time.
The community has diminished greatly but a strong core stands firm .....Respect!!
It is merchants providing goods and services that creates value in the first place. Please read this: https://bitcointalk.org/index.php?topic=323188 - Bitcoins, Alt. coins, Pizzas and Haircuts. The more merchants that will adopt Mintcoin (or any alt. coin for that matter) the better it is for crypto and everyone involved. My advice is to hold Mintcoin and to focus not on trading introspective markets wondering when the price might go up, but instead think about what goods and services you can offer for Mintcoins. It does not really matter what you sell. This was perhaps the very first 'online' shop to sell anything for Bitcoins. Selling stickers, envelopes and stamps! See: http://newlibertystandard.wikifoundry.com/page/Specialty+ShopNewLibertyStandard ran the very first Bitcoin to Fiat exchange for Bitcoins (with PayPal and Pecunix) and calculated the exchange rate in terms of electricity usage. That is all that was available for our 'worthless' digital tokens (Bitcoins) at that time. Go and take a look at the calculated exchange rates. Again, financial markets do not really create value and are simply a means of exchange. Goods and services i.e. labor creates 'value'. Mintcoin has real potential to be a valid currency. Find me a merchant that does not want to get interest automatically on their sales or someone unwilling to spend their generated interest on goods and/or services ! Buy and hold Mintcoins and one day you might even be able to live of the interest just like Satoshi's hair dresser ! Sage advice. Respect. |
Ladies ladies, one at a time.
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mgburks77
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March 18, 2014, 04:03:45 PM |
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I don't think this coin is going to die. I think it is going to shake off all of the manipulators and day traders and go on to become a utilitarian currency. But it will be a long process.
My advice to would be day traders, if you aren't going long you are going to lose on this coin. Sell your holding for what you can get now and go on to the next pump.
There isn't one coming here. We'll go down to 1 maybe 2 satoshis and then we will grind back up the whole way as digital currency gains acceptance for the next 15-20 years. Mint may survive that process, or it may not. This is the nature of high risk investments into technical innovation.
Werent you the one saying to review the facts that mint is a pump and dump and since it encourages hoarding it will never get anywhere? Split personalities? no, you just have a bad memory |
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mgburks77
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March 18, 2014, 04:13:57 PM |
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What is really needed in the world of crypto is a way to exchange coins wallet to wallet without a centralized exchange. These exchanges may be the parties who are involved in manipulating various coins and spreading FUD to facilitate pump and dumps coordinated to their advantage.
They certainly have an informational advantage.
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mgburks77
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March 18, 2014, 04:36:52 PM |
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Here's another thought. Do not let your emotions get the best of you and fool you into selling your holding for even 1 satoshi less than you paid. You haven't lost anything until you take this step. The current situation is where the rubber hits the road. The moment of truth, so to speak. How about this? Instead of losing put your MINT into your wallet and forget about it. Let it MINT! Anyone with a sell order for less than 60 right now is dumping this coin, plain and simple. And there is a lot of FUD and obfuscation hiding these pertinent facts about this situation. As long as this situation is the case we are still price seeking, and not ready for profit taking. The game is afoot. happy hunting  |
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Mikellev
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March 18, 2014, 05:04:43 PM |
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What is really needed in the world of crypto is a way to exchange coins wallet to wallet without a centralized exchange. These exchanges may be the parties who are involved in manipulating various coins and spreading FUD to facilitate pump and dumps coordinated to their advantage.
They certainly have an informational advantage.
Named Escrow ? There are a few.... |
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wationg
Newbie
Offline
Activity: 20
Merit: 0
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March 18, 2014, 05:11:20 PM |
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shit
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thisisit
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March 18, 2014, 05:18:53 PM |
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time to wake up. dreamland is over. mintcoin has a serious flaw that is now showing.
nothing can be done about it if devs dont step up, it will be over soon.
withdraw everything from exchanges.
i will buy at 1!
community dies.
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any coin that makes me a profit.
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mgburks77
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March 18, 2014, 05:22:18 PM |
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nope, everyone withdraw from exchange and exchange die
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arandy
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March 18, 2014, 05:23:23 PM |
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If Mintpal would send all mint owners the mintcoin they have minted while stashing their mints in their exchange that would get all thye traders in one place and a big problem solved.
Maybe the devs could work something out?
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ahbartsch
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March 18, 2014, 05:24:58 PM |
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time to wake up. dreamland is over. mintcoin has a serious flaw that is now showing.
nothing can be done about it if devs dont step up, it will be over soon.
withdraw everything from exchanges.
i will buy at 1!
community dies.
I'll bite. What is the serious flaw. |
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mgburks77
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March 18, 2014, 05:25:27 PM |
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the only "serious flaw" in the all cryptos is the exchange racket that's where all the FUD and trolling is coming from and that is who "the whale" is.  |
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thisisit
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March 18, 2014, 05:27:26 PM |
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nope, everyone withdraw from exchange and exchange die
there are other coins you know. |
any coin that makes me a profit.
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moderndezigns
Newbie
Offline
Activity: 56
Merit: 0
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March 18, 2014, 05:29:32 PM |
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yes we all know there are other coins thisisit.. that is your reason for being here and being a tool
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thisisit
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March 18, 2014, 05:30:29 PM |
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time to wake up. dreamland is over. mintcoin has a serious flaw that is now showing.
nothing can be done about it if devs dont step up, it will be over soon.
withdraw everything from exchanges.
i will buy at 1!
community dies.
I'll bite. What is the serious flaw. what is the serious flaw? you send your mints to exchanges, they store them in hot and cold wallets... they mint away, interest absurd high, they autosell their minted coins. free btc. it was doomed when it launched. bad design. it will go 1 satoshi. |
any coin that makes me a profit.
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mgburks77
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March 18, 2014, 05:34:17 PM |
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I removed all my holdings from all exchanges and doubt I'll be putting any back on unless there is some significant change in how that business is conducted. I'm still bullish on MINT, and crypto in general, because digital currency is no more going away than firemaking or tool use are going away. It's a valid technical innovation and it is here to stay. MINT is a superior form of crypto because of the green nature of PoS and the minting process. It's scalable for mass adoption so I think it is a good contender for becoming a currency of actual utilitarian value some day. One thing standing in the way of that day is all of the scammers, manipulators, pump and dumpers etc that create volatility in the market. But that is the nature of risk. Marco Polo went to the see the Great Khan, that's taking a risk in trading. Putting a few thou into crypto to see if it works out down the road is nothing in comparison.  |
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thisisit
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March 18, 2014, 05:37:24 PM |
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I removed all my holdings from all exchanges and doubt I'll be putting any back on unless there is some significant change in how that business is conducted. I'm still bullish on MINT, and crypto in general, because digital currency is no more going away than firemaking or tool use are going away. It's a valid technical innovation and it is here to stay. MINT is a superior form of crypto because of the green nature of PoS and the minting process. It's scalable for mass adoption so I think it is a good contender for becoming a currency of actual utilitarian value some day. One thing standing in the way of that day is all of the scammers, manipulators, pump and dumpers etc that create volatility in the market. But that is the nature of risk. Marco Polo went to the see the Great Khan, that's taking a risk in trading. Putting a few thou into crypto to see if it works out down the road is nothing in comparison. it has no future if the flaw isnt addressed. it generates too many coins without cost. only need to get like 100mil and it becomes more and more. its unstoppable. even when coins are removed from exchanges... the fix is just temporary. |
any coin that makes me a profit.
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StolenCoinSalesman
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March 18, 2014, 05:37:39 PM |
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I noticed the past few days my wallet is not minting hardly at all. Where as before I would have about 70-80 mint transactions in a day now I am getting 1-2 a day. Whats the deal with that?
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