Thick_dingo
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March 02, 2014, 08:51:56 AM Last edit: March 02, 2014, 09:05:58 AM by Thick_dingo |
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Everyone needs to relax regarding the value. This is a new coin, and you are not going to get rich quick. Mintcoin, and others like it(vertcoin), offer long-term value and growth for holders. That's what i like about this coin, and that's exactly what it offers. If you do not have the stomach for volatility, or are looking for short-term gain, Mintcoin is not for you. The whole market is down, not just mintcoin. also, the weekend always has a dip. EDIT: i did not want to double-post It would be the smartest if people only make sell orders above the current price, lower sell orders will automatically deplet and higher sell orders will rise, buyers would automatically be forced to purchease mint at a higher price since the minimum price got raised. I am just saying that the people selling at current prices will regret their decisions very much if we don't push the price up.
The price is dictated by supply and demand, and placing a higher sell price does not equate to increasing a coins overall value. This coin is new, difficulty is low and supply is high. as a result, it is extremely profitable for miners and short-term day traders. The dumping will not stop and continue until PoS kicks in. Take advantage of the volatile market, and place small buy orders on the way down. Double Edit: I'm somewhat confused about the POS rewards. Some transactions are greyed out and rather small, but suddenly there is 62k confirmed and in my wallet http://i62.tinypic.com/2yzgzle.pngThe greyed out box means the coins are unconfirmed, i think.
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thisisit
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March 02, 2014, 09:34:32 AM Last edit: March 02, 2014, 10:26:52 AM by thisisit |
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Can someone explain to me what will happen when the pure PoS is going to happen? I understand the idea I'm wondering about the state of the coin. With no mining the only way to start minting is by trading which imo would drastacly reduce the coin growth. On top of that everyone would save their coins, none spending which means it will be less likely to see people adding mint to their services. Or am I wrong?
Look at bitcoin and that will answer your question. please give me a break. lol hahahahaha you know what is going to happen to mint on pure pos. people will leave. miners will leave and go to other coin. also small holders leave. its like the richest get richer ( on mint ). we have enough of that in this world. you need support of small holders and miners. price will go down eventually. big fish will leave as well. might become pump coin. food for wolongs et whales. it gets eaten and dies. its doomed. its ridiculous to cut off the miners that built the coin ( i was one of them ). you will mint only max 300k in a year if you have 1 million mined which i did in a few days. thats not even a little bit profitable. even with a double price. luckily i abandoned ship @ 53 i think that will answer the question.
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any coin that makes me a profit.
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Collegestudent
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March 02, 2014, 09:37:00 AM |
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Can someone explain to me what will happen when the pure PoS is going to happen? I understand the idea I'm wondering about the state of the coin. With no mining the only way to start minting is by trading which imo would drastacly reduce the coin growth. On top of that everyone would save their coins, none spending which means it will be less likely to see people adding mint to their services. Or am I wrong?
Look at bitcoin and that will answer your question. comparing with bitcoin... please give me a break. lol hahahahaha you know what is going to happen to mint on pure pos. ppl will leave. price will go down. Please read my last statement and look at the example of BC if you want to see what will happen to Pure POS Mintcoin.
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yodoberman
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March 02, 2014, 10:13:32 AM |
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Indeed, the BC price has rise more then 100% after it went pure PoS.
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tng811
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March 02, 2014, 10:46:05 AM |
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I like the idea of minting, but 20 days seem too long. We need to trade them to make profit and minting at the same time, so a couple of hours, says 8 hours minting would be perfect.
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thisisit
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March 02, 2014, 10:51:43 AM |
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i have seen these things on coins before... didnt stop them from falling.
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any coin that makes me a profit.
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kopam
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March 02, 2014, 10:56:44 AM |
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i have seen these things on coins before... didnt stop them from falling. Yes, you have seen that during the time you made ALL 3 amazing comments you have in this forum. Thank you on your thoughts, we understand that you do not like mintcoin. You are free to move on and make more meaningful comments on other threads ( or maybe make a new account for that )
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philipvdlinde
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March 02, 2014, 10:58:36 AM |
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i have seen these things on coins before... didnt stop them from falling. Yes, you have seen that during the time you made ALL 3 amazing comments you have in this forum. Thank you on your thoughts, we understand that you do not like mintcoin. You are free to move on and make more meaningful comments on other threads ( or maybe make a new account for that ) thisisit=gingermod
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thisisit
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March 02, 2014, 10:58:48 AM |
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truth is harsh isnt it.
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any coin that makes me a profit.
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Collegestudent
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March 02, 2014, 10:59:49 AM |
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I like the idea of minting, but 20 days seem too long. We need to trade them to make profit and minting at the same time, so a couple of hours, says 8 hours minting would be perfect.
Stop being a fking short term trader. do banks give you interest every 8 hrs? No. you are rewarded for your patience every twenty days if you think carefully about it. And remember people like YOU lose out to those who LONG. Buffett has owned coke shares fore more than 20 years. think why and you will answer your own questions.
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tng811
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March 02, 2014, 11:07:21 AM |
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I like the idea of minting, but 20 days seem too long. We need to trade them to make profit and minting at the same time, so a couple of hours, says 8 hours minting would be perfect.
Stop being a fking short term trader. do banks give you interest every 8 hrs? No. you are rewarded for your patience every twenty days if you think carefully about it. And remember people like YOU lose out to those who LONG. Buffett has owned coke shares fore more than 20 years. think why and you will answer your own questions. Banks in my country do have overnight interests, ok? 20% annually looks good, but when you take the volatility of crypto-currency, it's nothing, man. You need better trade-off.
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David Latapie
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March 02, 2014, 11:19:24 AM |
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Hi Anyone to help a poor sod? Basically, how do you import a wallet after reinstalling? NOTHING seems to be working. Before I completely delete the whole wallet, will this work? Backup the wallet... Put in a safe folder somewhere... completely delete everything else related to the wallet... re-install the wallet...
Will the new install ask if I have a backup?
OK, I just tried installing the wallet on a different computer, but it didnt ask for a backup, and it didnt find my backup in the same folder.
Now WHat???!!!
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FortuneSeeker
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March 02, 2014, 11:20:39 AM |
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Anyone get a problem where it says "waiting for work to be available from pools" when you start the miner
Using sgminer with same .bat file that worked couple of days ago just fine
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satcomcom
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March 02, 2014, 11:24:49 AM |
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I think the coin will just die.Price is now much lower than bought by investors.Far below the critical threshold. Even a 100% increase will not help.
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For the sake of an idea, people do for free what they would not do for any amount of money.
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brokedummy
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March 02, 2014, 11:34:00 AM |
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I think the coin will just die.Price is now much lower than bought by investorsbagholders. blah bla bla There I fixed that for you
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ghibly79
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Merit: 1006
Crypto entrepreneur and consultant
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March 02, 2014, 11:37:27 AM |
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I think the coin will just die.Price is now much lower than bought by investors.Far below the critical threshold. Even a 100% increase will not help. Same pattern it was following when it went to 4 sat, before exploding to 65. Nobody knows the future, in either direction.
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thisisit
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March 02, 2014, 11:43:54 AM |
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the trend says all. you cannot compare the start of a coin with the period the dust has cleared and more and more the real value will be known.
the pure pos will kill it.
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any coin that makes me a profit.
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brokedummy
Legendary
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Activity: 980
Merit: 1004
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March 02, 2014, 11:45:57 AM |
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yes it's dead, sell to me please
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satcomcom
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March 02, 2014, 11:49:42 AM |
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Same pattern it was following when it went to 4 sat, before exploding to 65. Nobody knows the future, in either direction.
Now the price is much lower. Makes a big difference.
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For the sake of an idea, people do for free what they would not do for any amount of money.
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