BKM
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March 26, 2014, 06:37:06 AM |
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Im not sure exactly why the price has gone down, GPU's are selling on the store really nicely!
Because premine is being dumped? duh Hey BuddyNoobo - No the premine isnt being dumped.. why dont you take a look at the market orders DUH... they are for a few thousand here and there... to put it into basic math for you,, 70 btc went into the IPO (premine), and there hasnt ever been a period of time where the buy book has been above 5 btc.. so even if us "IPO premine folks" wanted to dump, we cant... Its a volume issue presently, along with a price... We believe in the coin and are holding, or picking up cards... Who really are dumping, are the nvidia and other low volume miners, who thought they could get an easy payday or a 280x for only a few thousand gpu, and are dumping those orders pushing down the market price.... Duh......... Give us the premined addresses and we clear this thing right now!!! You told us that the IPO investors payed 22 satoshi per coin!!! We want proof of that!!! At least people who cares for their investment should care since your "IPO investors don't obliviously" Blaming the little miner?? LOL Please are you serious??? Little miners as you say are begging to price go up since they don't get any ROI from their crap hashpower!!! A dump is posting your coins at market and letting it drop to fill the order. Posting orders at your set price is not dumping. I for one, as an IPO participant, have posted my order to sell at a number I am happy with. If it goes higher I don't care because I have made my return and can move on. But, I will not be dumb and simply watch it go to the moon without pulling my order. It's called "being long" and setting your exit. As far as proving the value of the IPO - that's simple math dude and you can pull out your own calculator before you go off. If you don't like the return or believe in the model.... move on. There is nothing to see here for you. Sure you made your ROI while this coin was at the hype before the release of the store!!! You were smart and probably had a gain of 100% if you sold at the peak of 45 satoshi!!! So maybe almost every IPO investors did the same like a nice tuned worked orchestra!!! But the ones that were dumb enough to invest while it was on the hype are suffering since for you to cash in and the suckers must suck in on their thumbs!!! And after all of you are happy, the premine is being dumped like a sack of rotten potatoes!!! Premine addresses is all I ask! SO don't give us the tale of the miner is dumping to profit because that is a old tale for the newbies!!! not sure about your reading comprehension there champ but you might want to take a breath and relax and take another pass at what I wrote. For further clarity, I for one hold the vast majority of my IPO coins and will either buy GPUs or sell on the market as I see fit according to my required profit. I am certainly not DUMPING my shit. Know the difference between DUMPING and trading.
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WhiteyZ
Newbie
Offline
Activity: 49
Merit: 0
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March 26, 2014, 06:51:11 AM |
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Im not sure exactly why the price has gone down, GPU's are selling on the store really nicely!
Because premine is being dumped? duh Hey BuddyNoobo - No the premine isnt being dumped.. why dont you take a look at the market orders DUH... they are for a few thousand here and there... to put it into basic math for you,, 70 btc went into the IPO (premine), and there hasnt ever been a period of time where the buy book has been above 5 btc.. so even if us "IPO premine folks" wanted to dump, we cant... Its a volume issue presently, along with a price... We believe in the coin and are holding, or picking up cards... Who really are dumping, are the nvidia and other low volume miners, who thought they could get an easy payday or a 280x for only a few thousand gpu, and are dumping those orders pushing down the market price.... Duh......... Give us the premined addresses and we clear this thing right now!!! You told us that the IPO investors payed 22 satoshi per coin!!! We want proof of that!!! At least people who cares for their investment should care since your "IPO investors don't obliviously" Blaming the little miner?? LOL Please are you serious??? Little miners as you say are begging to price go up since they don't get any ROI from their crap hashpower!!! A dump is posting your coins at market and letting it drop to fill the order. Posting orders at your set price is not dumping. I for one, as an IPO participant, have posted my order to sell at a number I am happy with. If it goes higher I don't care because I have made my return and can move on. But, I will not be dumb and simply watch it go to the moon without pulling my order. It's called "being long" and setting your exit. As far as proving the value of the IPO - that's simple math dude and you can pull out your own calculator before you go off. If you don't like the return or believe in the model.... move on. There is nothing to see here for you. Sure you made your ROI while this coin was at the hype before the release of the store!!! You were smart and probably had a gain of 100% if you sold at the peak of 45 satoshi!!! So maybe almost every IPO investors did the same like a nice tuned worked orchestra!!! But the ones that were dumb enough to invest while it was on the hype are suffering since for you to cash in and the suckers must suck in on their thumbs!!! And after all of you are happy, the premine is being dumped like a sack of rotten potatoes!!! Premine addresses is all I ask! SO don't give us the tale of the miner is dumping to profit because that is a old tale for the newbies!!! not sure about your reading comprehension there champ but you might want to take a breath and relax and take another pass at what I wrote. For further clarity, I for one hold the vast majority of my IPO coins and will either buy GPUs or sell on the market as I see fit according to my required profit. I am certainly not DUMPING my shit. Know the difference between DUMPING and trading. And if you wanna know which are the ipo adresses, take a look at the FIRST Block in the Block explorer and go hunt the adresses... It isnt much work...
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pearstar20
Newbie
Offline
Activity: 51
Merit: 0
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March 26, 2014, 08:02:03 AM |
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DEV! Please remove cryptorush from "Exchange" as they are obviously screwing alot customers.
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loicatraile
Newbie
Offline
Activity: 56
Merit: 0
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March 26, 2014, 09:45:43 AM |
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the front page needs to be updated! the gpu store is worthless if no one knows about it !!
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ghcannon
Newbie
Offline
Activity: 54
Merit: 0
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March 26, 2014, 09:57:03 AM |
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50 people have been screaming for someone to fix the bloody OP, NO ONE did jack.
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svenp
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March 26, 2014, 10:33:30 AM |
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It's been said already but I only just figured it out (when I went to withdraw BTC and couldn't...): DO NOT USE CRYPTORUSH
They appear to be out of BTC, probably insolvent. Prices are out of whack (high) for everything else.
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takiyon
Newbie
Offline
Activity: 35
Merit: 0
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March 26, 2014, 10:33:44 AM |
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I have used some of my BTC to bring the vote up on mintpal. I would suggest the community do the same to that we can get out of this funk we are in.
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koinjoin75
Newbie
Offline
Activity: 53
Merit: 0
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March 26, 2014, 10:36:52 AM |
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Heard of the coins can be for graphics, who can tell me is it true Or is this just a joke??
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kahir
Legendary
Offline
Activity: 1050
Merit: 1000
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March 26, 2014, 10:45:16 AM |
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U guys need to act together to get this to mintpal .... work as its your next target ....
we are able to get q2c to mintpal with only 20 persons voting .. and 0.2 btc ..... im sure gpu supports are bigger than q2c
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Lordoftherigs
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March 26, 2014, 11:05:09 AM |
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Please remove cryptorush from the exchanges in the original post. Or at least add a note that it is not advised to trade there at the moment.
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tavirosu
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March 26, 2014, 11:12:03 AM |
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It's been said already but I only just figured it out (when I went to withdraw BTC and couldn't...): DO NOT USE CRYPTORUSH
They appear to be out of BTC, probably insolvent. Prices are out of whack (high) for everything else.
It's your fault, btc takes a long time to withdraw anyhow. Take it out in another altcoin and stop spreading false news. ps: I've just withdraw my GPUC and it took like 1m to get it to my wallet. So there is no problem!
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Saopaulo101
Newbie
Offline
Activity: 2
Merit: 0
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March 26, 2014, 11:15:38 AM |
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I think there has been a bit of a mistake in the strategy for this coin: - i am guessing all of the IPO's and Devs want this coin to succeed (i.e. healthy coin price - worth while mining to get returns for power), hence the price of the coin needs to be pushed up, perhaps to around 50/60. But the store has priced the GPU's based on a price of between 20-30 henace, setting its own market cap, this makes it almost unfeasible to mine and get any return for the power cost for the typical miner, let alone pay for a new GPU. -for long term price increase the GPUs would need to be sold at an extremely competitive price, probably at a loss initially, in order to push the coin price up. This would be inconsequential for the developer becasue there was basically no risk because the cards were paid for with the IPO money (or they should have been). -this would have pushed the price of the coins up and the next round of cards could then be sold for the same GPU coin price but make a prfoit> everyone wins. -as it stands at the moment the price is crashing because its less hassle to just buy a new GPU from amazon, it may be slightly cheaper in GPU coins but with amazon you dont have to buy Bitcoins, convert to GPU coins and then buy through the GPU store.
Quick fix - reduce the price of the GPUs significantly - put the equivalent price in USD next to the price in GPUC - Pay for some advertising somewhere - also, sell moe than GPU's miners also need PSU's M'boards etc... (this is more of a long term thing though)
sorry to stick my noob 2 pence worth in but I think this coin has massive potential, the strategy needs to be long term....
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waltsmith
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March 26, 2014, 11:22:53 AM |
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It's been said already but I only just figured it out (when I went to withdraw BTC and couldn't...): DO NOT USE CRYPTORUSH
They appear to be out of BTC, probably insolvent. Prices are out of whack (high) for everything else.
It's your fault, btc takes a long time to withdraw anyhow. Take it out in another altcoin and stop spreading false news. ps: I've just withdraw my GPUC and it took like 1m to get it to my wallet. So there is no problem!Actually GPUC withdrawls work just fine, try to withdraw BTC and you just get a " your request cannot be completed at this time" error. Not sure whats going on there besides blackcoin and DDOS but it don't look good. waltsmith
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pelzak
Newbie
Offline
Activity: 3
Merit: 0
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March 26, 2014, 11:25:48 AM |
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Hello, just tryed to withdraw 0.2 btc from my balance on CRYPTORUSH.IN and I could not. Error message in right down corner - Withdrawal failed - failed to send withdrawal to specified account. Please try again later.
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Caldweld
Newbie
Offline
Activity: 6
Merit: 0
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March 26, 2014, 11:33:14 AM |
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Day one noob poster but i have been following this coin for a while now and felt like I should post.
I too couldn't get my BTC out of cryptorush in the last 12 hours, once i noticed that i pulled all coins from the exchange.
Cryptorush is also trading an arbitrage for doge and few others due to I'm guessing people converting to alt coins and withdrawing.
I'll hold my 6Mill gpuc, I am very interested in where this is going.
Most important thing atm is get the coin accepted to decent exchange. AND UPDATE THE OP!!! lol just to by 21st who has said it, the key to success and marketing is to be active!
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tylerderden
Copper Member
Legendary
Offline
Activity: 1162
Merit: 1025
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March 26, 2014, 11:57:35 AM |
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i agree selling the gpu's at a loss at this point is not a bad idea, could be just like getting a rebate or discount for using GPUC. We need customers and money talks. I don't think it would take long to make it back once things pick up.
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xzhybbs
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March 26, 2014, 11:58:24 AM |
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Now the price is just a good purchase price, hey hey, I want to buy!
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Ambros
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March 26, 2014, 12:46:19 PM |
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Please ! Help us to bring this coin on mintpal.com Whenever you can go on https://www.mintpal.com/voting and vote GPU ! It's simple and it takes only a few seconds
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hirish
Member
Offline
Activity: 118
Merit: 10
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March 26, 2014, 01:02:49 PM |
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Please ! Help us to bring this coin on mintpal.com Whenever you can go on https://www.mintpal.com/voting and vote GPU ! It's simple and it takes only a few seconds +1 Cmon guys we need mintpal.
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