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[Cheesus]

More news on Bitcoin's price woes... 

Posted on Crypto Moms:

Re: BREAKING NEWS

"Downward Pressures Persist as Bitcoin’s Price Declines to Near $400"

http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/

It's below the 400$ now - 398$. My guess it's a lowest price of the year. I wonder what is the cause for this downtrend since nothing is actually happening on the Bitcoin front, I mean nothing bad and nothing good. Exchange rate should be stagnant...

[keemo]

More news on Bitcoin's price woes... 

Posted on Crypto Moms:

Re: BREAKING NEWS

"Downward Pressures Persist as Bitcoin’s Price Declines to Near $400"

http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/

It's below the 400$ now - 398$. My guess it's a lowest price of the year. I wonder what is the cause for this downtrend since nothing is actually happening on the Bitcoin front, I mean nothing bad and nothing good. Exchange rate should be stagnant...

Yes, there is no news. Seems like it is flow driven. Perhaps forced liquidation by a large party and others join in since they think something is up.

[marcuslong]

More news on Bitcoin's price woes... 

Posted on Crypto Moms:

Re: BREAKING NEWS

"Downward Pressures Persist as Bitcoin’s Price Declines to Near $400"

http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/

It's below the 400$ now - 398$. My guess it's a lowest price of the year. I wonder what is the cause for this downtrend since nothing is actually happening on the Bitcoin front, I mean nothing bad and nothing good. Exchange rate should be stagnant...

Yes, there is no news. Seems like it is flow driven. Perhaps forced liquidation by a large party and others join in since they think something is up.

Popular theory is investors pulling thier money out for the Alibaba IPO. http://www.cryptocoinsnews.com/alibabas-us-ipo-may-have-crashed-the-bitcoin-price/

[Dyna]

More news on Bitcoin's price woes...  

Posted on Crypto Moms:

Re: BREAKING NEWS

"Downward Pressures Persist as Bitcoin’s Price Declines to Near $400"

http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/

It's below the 400$ now - 398$. My guess it's a lowest price of the year. I wonder what is the cause for this downtrend since nothing is actually happening on the Bitcoin front, I mean nothing bad and nothing good. Exchange rate should be stagnant...

Yes, there is no news. Seems like it is flow driven. Perhaps forced liquidation by a large party and others join in since they think something is up.

Popular theory is investors pulling thier money out for the Alibaba IPO. http://www.cryptocoinsnews.com/alibabas-us-ipo-may-have-crashed-the-bitcoin-price/

 The price of Bitcoin has certainly been under pressure. In my opinion at $400 it is a buy for long-term appreciation. It is likely to stay at a trading range of $400 to $500. Over the near term, Bitcoin is most likely maxed out at mid $500s with low probabilities of going above $600. I still consider Bitcoin as a very good long-term investment and a great store of value if acquired at close to $400.

The true potential of Bitcoin has certainly been confronted by many different challenges. Some of them are structural issues, the most difficult to overcome, if they are not anticipated at the formative stage. The philosophy of being decentralized with no central authority is appealing but also loaded with constraints and unintended consequences. It compounds the growing pains. Perhaps getting there at a slower pace may be a prudent choice; allowing adjustments to be made promptly and at a lower cost.

[CryptoBroker79]

More news on Bitcoin's price woes...  

Posted on Crypto Moms:

Re: BREAKING NEWS

"Downward Pressures Persist as Bitcoin’s Price Declines to Near $400"

http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/

It's below the 400$ now - 398$. My guess it's a lowest price of the year. I wonder what is the cause for this downtrend since nothing is actually happening on the Bitcoin front, I mean nothing bad and nothing good. Exchange rate should be stagnant...

Yes, there is no news. Seems like it is flow driven. Perhaps forced liquidation by a large party and others join in since they think something is up.

Popular theory is investors pulling thier money out for the Alibaba IPO. http://www.cryptocoinsnews.com/alibabas-us-ipo-may-have-crashed-the-bitcoin-price/

 The price of Bitcoin has certainly been under pressure. In my opinion at $400 it is a buy for long-term appreciation. It is likely to stay at a trading range of $400 to $500. Over the near term, Bitcoin is most likely maxed out at mid $500s with low probabilities of going above $600. I still consider Bitcoin as a very good long-term investment and a great store of value if acquired at close to $400.

The true potential of Bitcoin has certainly been confronted by many different challenges. Some of them are structural issues, the most difficult to overcome, if they are not anticipated at the formative stage. The philosophy of being decentralized with no central authority is appealing but also loaded with constraints and unintended consequences. It compounds the growing pains. Perhaps getting there at a slower pace may be a prudent choice; allowing adjustments to be made promptly and at a lower cost.

This is a great point, as adjustments will certainly be made in the future while the remaining 99.9% of people in the world are adopting crypto. I've researched too many coins to count over the past year, and the only one taking this approach is DNotes.

[Chase]

Someone on Crypto Moms asked for an update on the most profitable coins.  From another thread, I had lists of the top 12 altcoins on Feb. 24, June 4, and today Sept. 20.  Here's what I found out:

The following is a list of every coin that was in the top 12 on Coinmarketcap on the following dates:  Feb. 24, June 4, and Sept. 20.  I've included DNotes in this list to show what you would have today if you had invested $100 in each of these coins 6 months ago.  Maidsafe, BitSharesX, BitcoinDark, and Monero are in one of the top 12 lists, but don't have a long enough track record to include them.

DNotes           $1341.88
Darkcoin            438.17
BlackCoin           122.02
Bitcoin                 76.03
Counterparty        68.77
Quark                  67.88
Nxt                      67.69
Mastercoin           60.76
Peercoin              53.16
Ripple                 38.96
BitShares-PTS      38.76
Namecoin            38.28
Dogecoin             35.29
Litecoin               28.89
Primecoin            24.61
Sexcoin               19.06
Freicoin                7.70
Auroracoin             .27

[kanus1113]

Someone on Crypto Moms asked for an update on the most profitable coins.  From another thread, I had lists of the top 12 altcoins on Feb. 24, June 4, and today Sept. 20.  Here's what I found out:

The following is a list of every coin that was in the top 12 on Coinmarketcap on the following dates:  Feb. 24, June 4, and Sept. 20.  I've included DNotes in this list to show what you would have today if you had invested $100 in each of these coins 6 months ago.  Maidsafe, BitSharesX, BitcoinDark, and Monero are in one of the top 12 lists, but don't have a long enough track record to include them.

DNotes           $1341.88
Darkcoin            438.17
BlackCoin           122.02
Bitcoin                 76.03
Counterparty        68.77
Quark                  67.88
Nxt                      67.69
Mastercoin           60.76
Peercoin              53.16
Ripple                 38.96
BitShares-PTS      38.76
Namecoin            38.28
Dogecoin             35.29
Litecoin               28.89
Primecoin            24.61
Sexcoin               19.06
Freicoin                7.70
Auroracoin             .27

That is interesting. My first thought was what if you invested $100 in each of them.
You would have earned a total of $2,329.68 / 12 = $194.14 average for each $100 investment.

Or if you skipped DNotes and invested $100 in each of every other coin.
You would have earned a total of $987.80 / 11 = $82.32 average for each $100 investment.

Powerful presentation Chase.

[Dyna]

Someone on Crypto Moms asked for an update on the most profitable coins.  From another thread, I had lists of the top 12 altcoins on Feb. 24, June 4, and today Sept. 20.  Here's what I found out:

The following is a list of every coin that was in the top 12 on Coinmarketcap on the following dates:  Feb. 24, June 4, and Sept. 20.  I've included DNotes in this list to show what you would have today if you had invested $100 in each of these coins 6 months ago.  Maidsafe, BitSharesX, BitcoinDark, and Monero are in one of the top 12 lists, but don't have a long enough track record to include them.

DNotes           $1341.88
Darkcoin            438.17
BlackCoin           122.02
Bitcoin                 76.03
Counterparty        68.77
Quark                  67.88
Nxt                      67.69
Mastercoin           60.76
Peercoin              53.16
Ripple                 38.96
BitShares-PTS      38.76
Namecoin            38.28
Dogecoin             35.29
Litecoin               28.89
Primecoin            24.61
Sexcoin               19.06
Freicoin                7.70
Auroracoin             .27

That is a pleasant surprise. I would have expected DNotes to do well as a consistent above average performer in terms of long-term appreciation but would not have expected it to be so far ahead compared to the others. Excluding newer candidates not meeting the 6 month qualifier and using $100 as a yardstick seems reasonable and objective. Personally, I don’t place a high value for a time period of less than 1 year. I certainly hope that Chase will continue to post the most profitable coins for years to come. Great job and thanks.

[SmokeysGardens]

Someone on Crypto Moms asked for an update on the most profitable coins.  From another thread, I had lists of the top 12 altcoins on Feb. 24, June 4, and today Sept. 20.  Here's what I found out:

The following is a list of every coin that was in the top 12 on Coinmarketcap on the following dates:  Feb. 24, June 4, and Sept. 20.  I've included DNotes in this list to show what you would have today if you had invested $100 in each of these coins 6 months ago.  Maidsafe, BitSharesX, BitcoinDark, and Monero are in one of the top 12 lists, but don't have a long enough track record to include them.

DNotes           $1341.88
Darkcoin            438.17
BlackCoin           122.02
Bitcoin                 76.03
Counterparty        68.77
Quark                  67.88
Nxt                      67.69
Mastercoin           60.76
Peercoin              53.16
Ripple                 38.96
BitShares-PTS      38.76
Namecoin            38.28
Dogecoin             35.29
Litecoin               28.89
Primecoin            24.61
Sexcoin               19.06
Freicoin                7.70
Auroracoin             .27

That is a pleasant surprise. I would have expected DNotes to do well as a consistent above average performer in terms of long-term appreciation but would not have expected it to be so far ahead compared to the others. Excluding newer candidates not meeting the 6 month qualifier and using $100 as a yardstick seems reasonable and objective. Personally, I don’t place a high value for a time period of less than 1 year. I certainly hope that Chase will continue to post the most profitable coins for years to come. Great job and thanks.

     Very surprising information! The price of DNotes really does not surprise me. (as much). The price of the other 12 is what floors me. Since I only have holdings in DNotes, I really have not paid attention to most other coins. It looks to me as though most traders either lose money or make very little. This market moves at lightning speed, making buy and hold very dangerous (unless you pick the right one to buy and hold).

     As a casual observer, the crypto-currency market looks VERY dangerous and VERY complicated. I think the only way for a casual investor to make money is "buy and hold". (or get lucky as hell). It is the same for every market, except in this market, the confusion, complications and unknowns are MUCH greater than most, putting the casual investor at a much greater disadvantage.

     Just my view from the Flower Garden........

Smokey

[Dyna]

Crypto-Currency Market Capitalizations

Last updated: Sep 22, 2014 12:40 AM UTC                                    Dec. 5, 2013 1:03 PM UTC

Total Market Cap: $ 5,859,151,098                                           Total Market Cap: $13,492,184,612


Position   Name   Symbol   Market Cap   Total Supply                       Total Coins: 42

320    Veilcoin   VEIL   $977    1578152                                          #42 = Junkcoin     $30,971
321    Bongger   BGR   $880    175738298
322    Denarius   DRS   $831    1148800
323    KimDotCoin   DOT   $756    63598627
324    MastCoin   MAST   $662    2472788
325    TraderCoin   TRDR   $509    71693
326    Instant   BTI   $459    101298
327    MileyCyrusCoin   $439    156904
***
***
.....
500

I decided to check out the entire list on coin market cap today and found the data quite depressing to put it mildly. There were only 42 coins as of December 5, 2013 with a market cap of $13,492,184,612. There are 500 coins listed today with a market cap of $5,859,151,098. Eight of those coins (#320 to #327) has a market cap of less tha $1,000. Many more have close to zero value.

What do you think is happening? Does our industry has a structural problem built upon poor foudations? Perhaps many created a currency without knowing the basic functions of money. Is speculative trading alone be enough for a coin to survive?

[DNotes]

Crypto-Currency Market Capitalizations

Last updated: Sep 22, 2014 12:40 AM UTC                                    Dec. 5, 2013 1:03 PM UTC

Total Market Cap: $ 5,859,151,098                                           Total Market Cap: $13,492,184,612


Position   Name   Symbol   Market Cap   Total Supply                       Total Coins: 42

320    Veilcoin   VEIL   $977    1578152                                          #42 = Junkcoin     $30,971
321    Bongger   BGR   $880    175738298
322    Denarius   DRS   $831    1148800
323    KimDotCoin   DOT   $756    63598627
324    MastCoin   MAST   $662    2472788
325    TraderCoin   TRDR   $509    71693
326    Instant   BTI   $459    101298
327    MileyCyrusCoin   $439    156904
***
***
.....
500

I decided to check out the entire list on coin market cap today and found the data quite depressing to put it mildly. There were only 42 coins as of December 5, 2013 with a market cap of $13,492,184,612. There are 500 coins listed today with a market cap of $5,859,151,098. Eight of those coins (#320 t0 #327) has a market cap of less tha $1,000. Many more have close to zero value.

What do you think is happening? Does our industry has a structural problem built upon poor foudations? Perhaps many created a currency without knowing the basic functions of money. Is speculative trading alone be enough for a coin to survive?

Here are the figures from that time frame.
http://web.archive.org/web/20131205190544/http://coinmarketcap.com/

[Chase]

Crypto-Currency Market Capitalizations

Last updated: Sep 22, 2014 12:40 AM UTC                                    Dec. 5, 2013 1:03 PM UTC

Total Market Cap: $ 5,859,151,098                                           Total Market Cap: $13,492,184,612


Position   Name   Symbol   Market Cap   Total Supply                       Total Coins: 42

320    Veilcoin   VEIL   $977    1578152                                          #42 = Junkcoin     $30,971
321    Bongger   BGR   $880    175738298
322    Denarius   DRS   $831    1148800
323    KimDotCoin   DOT   $756    63598627
324    MastCoin   MAST   $662    2472788
325    TraderCoin   TRDR   $509    71693
326    Instant   BTI   $459    101298
327    MileyCyrusCoin   $439    156904
***
***
.....
500

I decided to check out the entire list on coin market cap today and found the data quite depressing to put it mildly. There were only 42 coins as of December 5, 2013 with a market cap of $13,492,184,612. There are 500 coins listed today with a market cap of $5,859,151,098. Eight of those coins (#320 t0 #327) has a market cap of less tha $1,000. Many more have close to zero value.

What do you think is happening? Does our industry has a structural problem built upon poor foudations? Perhaps many created a currency without knowing the basic functions of money. Is speculative trading alone be enough for a coin to survive?

Here are the figures from that time frame.
http://web.archive.org/web/20131205190544/http://coinmarketcap.com/

Interesting facts on these figures:

1. Bitcoin and Litecoin accounted for 99.78% of the drop in market value during that time period: $13,455,943,567 - 5,486,893,782
2. Combined, Bitcoin and Litecoin lost 57% of their value
3. The marketcap for all other coins combined was: on Dec. 5 / 13 - $434,299,605 and on Sept. 22 / 14 - $417,236,505
4. All other coins combined lost only 4% of their value, but (and it's a huge but), there was 458 coins added to share that small piece of the pie.

[Dyna]

Bitcoin gains industry-backed crypto think tank Coin Center

Summary: The crypto community has gained another supporting voice in Coin Center, an industry-backed effort for research and advocacy.

http://www.zdnet.com/bitcoin-gains-industry-backed-crypto-think-tank-coin-center-7000033907/



This is a significant development backed by "a number of prominent figures within the crypto community. The Washington, DC-based group is supported by figures including venture capitalist Marc Andreessen, Balaji Srinivasan, Bitcoin developer Jeff Garzik, Alex Morcos, and economist Susan Athey. Coin Center has also been financially backed by companies and individuals including Hudson River Trading, Union Square Ventures, RRE Ventures, itBit, BitPay and Coinbase" starting with an annual budget of $1 million.

What is good for Bitcoin is good for the industry. This is a very positive force, and will be highly beneficial to those altcoins that can survive the test of time. Digital currency is here to stay. DNotes will remain agile and firmly committed to relentlessly pursue our mission to be the Digital currency of the future with lasting value.

[infovortice2013]

hi all, mmm im trading a few dnotes on poloniex but from few days ago looks like 1 bot start making shit trade to make down prices of dnotes, must move to other exchange for a clean trading.

i only wanna let you know don buy dnotes on poloniex , buy in other of the exchanges for a while, lets make boring to a bot trader XD

happy trading!

[DNotes]

hi all, mmm im trading a few dnotes on poloniex but from few days ago looks like 1 bot start making shit trade to make down prices of dnotes, must move to other exchange for a clean trading.

i only wanna let you know don buy dnotes on poloniex , buy in other of the exchanges for a while, lets make boring to a bot trader XD

happy trading!

Bot trading is pretty widespread. We've seen it on all exchanges. They appear to be holding the price down as well, I've seen the price go up significantly and the bots drive it down within an hour or so. Since the bots started trading DNotes, trading spikes and goes stagnant.

[kanus1113]

Crypto-Currency Market Capitalizations

Last updated: Sep 22, 2014 12:40 AM UTC                                    Dec. 5, 2013 1:03 PM UTC

Total Market Cap: $ 5,859,151,098                                           Total Market Cap: $13,492,184,612


Position   Name   Symbol   Market Cap   Total Supply                       Total Coins: 42

320    Veilcoin   VEIL   $977    1578152                                          #42 = Junkcoin     $30,971
321    Bongger   BGR   $880    175738298
322    Denarius   DRS   $831    1148800
323    KimDotCoin   DOT   $756    63598627
324    MastCoin   MAST   $662    2472788
325    TraderCoin   TRDR   $509    71693
326    Instant   BTI   $459    101298
327    MileyCyrusCoin   $439    156904
***
***
.....
500

I decided to check out the entire list on coin market cap today and found the data quite depressing to put it mildly. There were only 42 coins as of December 5, 2013 with a market cap of $13,492,184,612. There are 500 coins listed today with a market cap of $5,859,151,098. Eight of those coins (#320 t0 #327) has a market cap of less tha $1,000. Many more have close to zero value.

What do you think is happening? Does our industry has a structural problem built upon poor foudations? Perhaps many created a currency without knowing the basic functions of money. Is speculative trading alone be enough for a coin to survive?

Here are the figures from that time frame.
http://web.archive.org/web/20131205190544/http://coinmarketcap.com/

Interesting facts on these figures:

1. Bitcoin and Litecoin accounted for 99.78% of the drop in market value during that time period: $13,455,943,567 - 5,486,893,782
2. Combined, Bitcoin and Litecoin lost 57% of their value
3. The marketcap for all other coins combined was: on Dec. 5 / 13 - $434,299,605 and on Sept. 22 / 14 - $417,236,505
4. All other coins combined lost only 4% of their value, but (and it's a huge but), there was 458 coins added to share that small piece of the pie.

That is pretty interesting. I think that was the peak of the bitcoin market.

[kanus1113]

Bitcoin gains industry-backed crypto think tank Coin Center

Summary: The crypto community has gained another supporting voice in Coin Center, an industry-backed effort for research and advocacy.

http://www.zdnet.com/bitcoin-gains-industry-backed-crypto-think-tank-coin-center-7000033907/



This is a significant development backed by "a number of prominent figures within the crypto community. The Washington, DC-based group is supported by figures including venture capitalist Marc Andreessen, Balaji Srinivasan, Bitcoin developer Jeff Garzik, Alex Morcos, and economist Susan Athey. Coin Center has also been financially backed by companies and individuals including Hudson River Trading, Union Square Ventures, RRE Ventures, itBit, BitPay and Coinbase" starting with an annual budget of $1 million.

What is good for Bitcoin is good for the industry. This is a very positive force, and will be highly beneficial to those altcoins that can survive the test of time. Digital currency is here to stay. DNotes will remain agile and firmly committed to relentlessly pursue our mission to be the Digital currency of the future with lasting value.

This could be why the crypto market is suffering as a whole as you and Chase had mentioned, lack of leadership.

[Dyna]

Bitcoin’s Price Skyrockets Following PayPal’s Hug

http://techcrunch.com/2014/09/23/bitcoins-price-skyrockets-following-paypals-hug/

So, is this good news or bad news?

"And thus the irony: The news that bitcoin is seeing greater adoption among mainstream payment providers sends the price up, even as the facts of the news itself might bring it down. For now, bitcoin fans are having a quite nice time.

Keep in mind that bitcoin is rising off its long-time $400 floor once again. Something to keep in mind."

[CryptoBroker79]

Bitcoin daily production - 3500 BTC x 425 USD = 1.487 million USD additional buy support required daily to sustain this price if all miners decide to sell. Nevermind charities, merchants, or traders, which could easily increase that figure 10 fold.

DNotes daily production - 35,000 NOTE x .0045 USD = Average 157.5 USD additional buy support required to sustain price if all miners sell.

DNotes is demonstrating incredible sustainability, they are truly showing how a crypto development team should manage the triple bottom line. Sure glad I'm well invested in you guys, keep up the great work!

[DNotes]

Bitcoin daily production - 3500 BTC x 425 USD = 1.487 million USD additional buy support required daily to sustain this price if all miners decide to sell. Nevermind charities, merchants, or traders, which could easily increase that figure 10 fold.

DNotes daily production - 35,000 NOTE x .0045 USD = Average 157.5 USD additional buy support required to sustain price if all miners sell.

DNotes is demonstrating incredible sustainability, they are truly showing how a crypto development team should manage the triple bottom line. Sure glad I'm well invested in you guys, keep up the great work!

Thanks CryptoBroker79! Those are impressive numbers.