[ANN] AIRcoin

[tricass]

@sussex - just human nature to question your decisions when things don't look like they are panning out the way you expect. still early days and i will stick with it, though i have switched out my miners for the time being.

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[niothor]

I have to echo sentiments about this being more of a long-term investment than a quick buck. Crypto needs to regulate pricing to survive in a real world where stability is expected. I see a lot of long-term value in this coin, and anyone getting AIRCoin at around 0.00150 is getting a bargain. Altcoins have dived around the board at the moment - they'll pick up. No need to panic sell and drive the price down further. I'm definitely holding this one.

I largely agree, my problem is that I broke two of my own trading/mining rules for this coin and have paid a heavy price (at the moment), just can't stop kicking myself  

Nice bumping again into you , and with the same problem )))
But mine wasn't that heavy...only a few coins.

[anonymousxx1503]

Here's the submission form.

https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform

Do it now before the coin is worth less and shows up lower on coinmarketcap.

We have submitted a request using the form, so hopefully we'll have a response from coinmarketcap shortly.

Perfect. If you guys can truly influence market price right now - getting the price somewhere around 2$ (~0.0031 BTC) a coin would work wonders. There's around 2.6 million coins right now from what I understand. That would put the coin at a marketcap of 5.2 million - Right around 15th place on coinmarketcap. If you manage to do that , people will go crazy trying to figure out what the hell AIRcoin is and most likely a buying frenzy will ensue which will launch the coin to new heights.

[Joerii]

I'll post this link here, found it somewhere a few pages back. It's a very informative and well written article on why it's a bad idea for a new coin to be traded on multiple exchanges.

http://www.cryptoscribe.com/market-trends/premature-multi-listing-destroys-new-coin-prices/

Reading that made me wonder if it's such a good idea to be listed on coinmarketcap. It may very well draw the attention of other exchanges....

[hughjays77]

you switched out your miners when difficulty is getting lower. Bad move[provided you think its a good coin]

eg. all clowns now mining SPA with difficulty peaking over 700. I mined SPA up to a 100 difficulty days ago and sold for over 9btc profit 4 hours ago. almost 6k in a week is how I roll... albeit one of my smaller trades. btw I only have 8mH of power. Im by no means a big miner is the scheme of things so I rely on entry and exit points for my gains.

As AIR difficulty falls I switch more miners to it. I like doing the opposite of everyone.

Good luck.  

@sussex - just human nature to question your decisions when things don't look like they are panning out the way you expect. still early days and i will stick with it, though i have switched out my miners for the time being.

[Joerii]

If the AIA bot could provide some liquidity ; that would be nice. Big spread right now.
I do still support you guys, just bough me some more AIR

[adhitthana]

In addition to my questions above I'd like to ask another.
Where does TeamAir see themselves WRT SEC regulations?
http://www.sec.gov/divisions/marketreg/bdguide.htm

I ask because the concept is a bit different, but as there will be a managed basket of coins (unless I have misunderstood), it may raise such issues.

[ISAWHIM]

There is a natural appeal to this coin. Beyond that "get it early, just because", appeal.

If you are bitching about the price NOW, then YOU have your head in the wrong place and are one of the DUMPERS. We have no sympathy for you. Your reward will never come. You are looking for short-term investment and easy money.

Those of us mining NOW, for FUTURE VALUE, as with most any coin. Will prevail. The difficulty will climb and fall, as will prices. Each, in turn, affecting the other. We want you to stop mining, if you find no value now. Makes it more valuable for us to mine. As you leave, the difficulty immediately drops (KGW)... We want you to dump now, so we can get your LOSS which will be our GAINS in the future (Volatility)... If you are not buying coins, or willing to pre-pay for the power to mine them, then YOU are the reason YOU don't have value.

Until there are more associated losses, and more distributed losses, there will not be any "real solid value" to the coin. As it stands, there is only about 2 BTC listed to buy... That makes the "Solid value", at 2 BTC for all mined and premined coins, at the moment. That is all that is listed to buy, thus, that is the "value" of all the coins. So selling 1 coin at any price above that average, is a generous offer.

You set your price. If no-one finds that price acceptable at the moment, then tough cookies to you. Cashing-out is not a "crash", a "crash" is when no-one is buying or selling, and there is a giant gap in value. Then the only sales that happen, are below all expected sales. Selling one or two for a low price is not a crash. Just as selling one or two for a high price is not a bubble or the "value" of all coins. Value is the volume of all coins sold, average price for all those coins. That is the "Value". More is a bonus to you selling and a discount/loss form us buying, less is a discount/loss to you selling and a bonus to us buying. Welcome to reality, or rather, virtual-reality.

No-one is forcing you to mine, or buy. However, unless you get off your ass and add value to your assets, then you are just a spectator looking for a free ride. This is not a spectator sport. Lead, follow or step aside...

[Joerii]

Actually, ISAWHIM, I think you're being a bit to emotional and sentimental about this whole game. When you look at it rationally, you'll see that this is a perfectly viable and profitable method :

1 Mine the most profitable coin that has enough volume to sell everything you mine.
2 Sell
3 Buy less profitable coins you believe have the promise of long term value
4 Hold

Right now, it doesn't make sense to mine AIR, unless the reason you do it is to support the network. It makes much more sense to look for the next pump and dump coin, mine and dump it, and use that BTC to buy AIR, if you are so inclined.

[Sprite160]

It looks like the difficulty has not come down to where it should be yet.

[ISAWHIM]

P.S. Pool operators... keep an eye out for miners who do not find ANY coins... Yet claim shares. That is a trick to take rewards from pools, while destroying your "image" in the process. A simple week of mining should be sufficient to "challenge" any miner. No-one has that bad of luck, at these early stages. Suspicious miners should have every share "tested", and if they should have hit at-least ten blocks by the reported difficulty they are claiming, but have not hit one at all... then they are purposely throwing-out the found blocks, to reduce your other members returns. Also, you should ensure that all shares are checked, if possible. (Not all pools check all shares, and some miners know this, submitting fake and resubmitted shares that are valid as a hash, but do not hash-out to match.) Again, you could randomly "challenge" or test individuals for this type of theft. Pool operators do this to each-other, to squish the little-guys. This is not something a solo-miner would do. They would not gain from it.

A good indicator is the KGW difficulty. If it is only showing something like 800MHs for the network, by difficulty average, but the actual hash-power of all total pools is something like 1300MHs, then someone with a lot of hashing-power is claiming shares and not submitting actual found blocks. (Also a sign that they may be attempting to stall the network or trying to purposely fork it.)

Also make sure you are not using a pool-code that allows diff-1 shares to be counted. (That was an older exploit used to drain pools by users collecting shares where they were not actually earned.)

Same if one of your connections in the daemon is constantly rejecting your valid shares... block that IP... they are purposely trying to stall your discovery to increase the chances of them finding the next block. They will use many wallets/daemons that are set in place to reject any valid blocks you submit to the network. That is called a "Misbehaving node". We don't see that, only you do. You know what you submitted. If you submit and it is rejected, but no other block is "new" seconds later.. Chances are, you are being locked-out by them on purpose.

[ISAWHIM]

Actually, ISAWHIM, I think you're being a bit to emotional and sentimental about this whole game. When you look at it rationally, you'll see that this is a perfectly viable and profitable method :

1 Mine the most profitable coin that has enough volume to sell everything you mine.
2 Sell
3 Buy less profitable coins you believe have the promise of long term value
4 Hold

Right now, it doesn't make sense to mine AIR, unless the reason you do it is to support the network. It makes much more sense to look for the next pump and dump coin, mine and dump it, and use that BTC to buy AIR, if you are so inclined.

That is not about "This coin", that is about mining in general. Yes, those are pumpers and dumpers and value-hoppers. The ones who rape coins value. Creating loss for others, making it not-profitable to mine, then abandoning it, and gambling on a coin of lower value, pumping it to make it look valuable. That was sort of the point. (Don't bitch because you couldn't RAPE US, and move on... Just move-on.) *Not directed at you.

"Why can't it be more valuable, I can't cash-out now!" (Words of only a dumper. Because value NOW is not pertinent to anyone mining for future-value or investment. Cashing-out now, to leave and go mine else-where, is not "helping us or the coin"... So your above "method", is irrelevant to "making the coin valuable". We are not here to feed people looking to rape us. Staying here to mine is what FORCES the price to rise, because no-one can "Settle for less" as the difficulty rises by steady miners.)

[Joerii]

https://www.poloniex.com/exchange/btc_air

Wow, lots of new buy order just came in. I think we're gonna see a little spike again.

[ISAWHIM]

Remember, Milk was $0.05 a gallon at one time... Then everyone wanted it... It went to $0.25, then $1.50, then $3.00... There is no shortage of milk... We throw billions of gallons away, every month. We don't all rush-out to get milk, so there is no "demand". It is rising, simply because the dollar is falling in value.

Mining is the same way. 0.0001BTC/AIR is a good deal to someone who earned 10,000 in one day (Not many of those people). 0.001BTC/AIR is a good deal to those who earned 1,000 a day (Many of those now). 0.01BTC/AIR is a good deal to those who earned 100 a day (Few of us there, due to the fast diff-climb.) 0.1BTC/AIR will be a great deal in a week, when most of us can only earn 10 a day, or less...

Just an example. Not far from the truth. The faster those 100,000AIR-200,000AIR from the early dumpers go... the better. Because they have a new value of whatever price they sold for now. They are no longer worth only $0.000001 a piece, they were bought at $0.01802 a piece. Thus, they have to be sold higher now, or sold lower for a loss. (Again, another example, not actual prices.)

P.S. When you TRADE to TRADE for GAINS... it does not matter what the price is, when you buy it. It only matters that it goes up from what you purchased it for, when you sell it. Unless we had hedges, then you want it to go down. If you see it going down, sell it, then buy back at the bottom... Common trade trick.

P.P.S. +1 for PhoenixCoin support.

[sussex]

Actually, ISAWHIM, I think you're being a bit to emotional and sentimental about this whole game. When you look at it rationally, you'll see that this is a perfectly viable and profitable method :

1 Mine the most profitable coin that has enough volume to sell everything you mine.
2 Sell
3 Buy less profitable coins you believe have the promise of long term value
4 Hold

Right now, it doesn't make sense to mine AIR, unless the reason you do it is to support the network. It makes much more sense to look for the next pump and dump coin, mine and dump it, and use that BTC to buy AIR, if you are so inclined.

That is not about "This coin", that is about mining in general. Yes, those are pumpers and dumpers and value-hoppers. The ones who rape coins value. Creating loss for others, making it not-profitable to mine, then abandoning it, and gambling on a coin of lower value, pumping it to make it look valuable. That was sort of the point. (Don't bitch because you couldn't RAPE US, and move on... Just move-on.) *Not directed at you.

"Why can't it be more valuable, I can't cash-out now!" (Words of only a dumper. Because value NOW is not pertinent to anyone mining for future-value or investment. Cashing-out now, to leave and go mine else-where, is not "helping us or the coin"... So your above "method", is irrelevant to "making the coin valuable". We are not here to feed people looking to rape us. Staying here to mine is what FORCES the price to rise, because no-one can "Settle for less" as the difficulty rises by steady miners.)

I would argue a few points of your recent posts, but I'll stick to just one that I think makes the point, demand is what forces prices to rise, not mining difficulty.

[adhitthana]

That is not about "This coin", that is about mining in general. Yes, those are pumpers and dumpers and value-hoppers. The ones who rape coins value. Creating loss for others, making it not-profitable to mine, then abandoning it, and gambling on a coin of lower value, pumping it to make it look valuable. That was sort of the point. (Don't bitch because you couldn't RAPE US, and move on... Just move-on.) *Not directed at you.

Isn't that quite close to the TeamAir business model?

http://teamaircoin.org/about/#toggle-id-9

Won’t this hurt other currency’s exchange rates?

In the case of small, neglible, failing, and broken coins that are still being traded, Yes.
 
In the case of Bitcoin, Litecoin, and other high-market-capitalization coins, no.
 
AIRcoin operates on the law of Survival of the Fittest. Our traders will grow the pool of the total amount of AIRcoins out there, usually by trading aggressively with other, weaker currencies. However, the natural market movements of Litecoin, Bitcoin, and all of the Fiat Currencies can more than sustain the growth of the AIRcoin investing pool.
 
In an ideal case, every time another coin goes through a pump and dump, the AIRcoin team is paying close attention to the market and will use the opportunity to grow the investing pool. This means that while investing in AIRcoin, you are effectively investing in every coin as it is pumped, and selling every coin right before it dumps.
 
But this isn’t just about growing the investor’s money, it’s about the survival of the Cryptocoin as a legitimate currency. The economists at AIA believe that cryptocoin technology does have the potential to replace fiat currency, but it requires stable currencies that will survive longer than a few months. Many of these new coins are woefully undermanaged, created by programmers or schemers but with no real understanding of how markets work.

Emphasis mine.
 

[Joerii]

Mining is the same way. 0.0001BTC/AIR is a good deal to someone who earned 10,000 in one day (Not many of those people). 0.001BTC/AIR is a good deal to those who earned 1,000 a day (Many of those now). 0.01BTC/AIR is a good deal to those who earned 100 a day (Few of us there, due to the fast diff-climb.) 0.1BTC/AIR will be a great deal in a week, when most of us can only earn 10 a day, or less...

Just an example. Not far from the truth. The faster those 100,000AIR-200,000AIR from the early dumpers go... the better. Because they have a new value of whatever price they sold for now. They are no longer worth only $0.000001 a piece, they were bought at $0.01802 a piece. Thus, they have to be sold higher now, or sold lower for a loss. (Again, another example, not actual prices.)


P.P.S. +1 for PhoenixCoin support.

Loads of assumptions and numbers that you seem to pull out of your ass, my friend Many people who mine more then 1k AIR a day ? I think not.

PS Im not affiliated with PhoenixCoin, I just can't change my old Phenixcoin logo

[anonymousxx1503]

Remember, Milk was $0.05 a gallon at one time... Then everyone wanted it... It went to $0.25, then $1.50, then $3.00... There is no shortage of milk... We throw billions of gallons away, every month. We don't all rush-out to get milk, so there is no "demand". It is rising, simply because the dollar is falling in value.

Mining is the same way. 0.0001BTC/AIR is a good deal to someone who earned 10,000 in one day (Not many of those people). 0.001BTC/AIR is a good deal to those who earned 1,000 a day (Many of those now). 0.01BTC/AIR is a good deal to those who earned 100 a day (Few of us there, due to the fast diff-climb.) 0.1BTC/AIR will be a great deal in a week, when most of us can only earn 10 a day, or less...

Just an example. Not far from the truth. The faster those 100,000AIR-200,000AIR from the early dumpers go... the better. Because they have a new value of whatever price they sold for now. They are no longer worth only $0.000001 a piece, they were bought at $0.01802 a piece. Thus, they have to be sold higher now, or sold lower for a loss. (Again, another example, not actual prices.)

P.S. When you TRADE to TRADE for GAINS... it does not matter what the price is, when you buy it. It only matters that it goes up from what you purchased it for, when you sell it. Unless we had hedges, then you want it to go down. If you see it going down, sell it, then buy back at the bottom... Common trade trick.

P.P.S. +1 for PhoenixCoin support.

I think you overestimate the number of coins mined. We're on block 21540 and there are 5 blocks premine. 3.72 AIR per block x 21535 = 80110.2 .. there's probably a bit more than that but not much. With the block time being 2 minutes there's 2678.4 AIR mined per day. So there's no way someone made 10K a day or even 1k a day. AIR is rarer than you think. Early dumpers have maybe a few thousand AIR at best. And only the retarded ones are dumping now.

[adhitthana]

Remember, Milk was $0.05 a gallon at one time... Then everyone wanted it... It went to $0.25, then $1.50, then $3.00...

The price went up largely beacuse there were so many more dollars in existence. Simply compare inflation rates in say, the 19th century, with inflation rates following the changes that occurred in the 20th century in the USA.

[ISAWHIM]

I would argue a few points of your recent posts, but I'll stick to just one that I think makes the point, demand is what forces prices to rise, not mining difficulty.

Demand also raises price... but A farmer has to ask for enough to cover the cost of the cows food...

Thus, difficulty (Us spending money on electricity [AKA: overhead loss]), DOES raise the price... There is no "demand" for AIR at the moment. Also, thus, "Demand is not what is driving the value." ("Want", possibly, for future HOPE, but not "Demand"... There are no crowds building in the streets, demanding AIRcoins. )

Want is not Demand. Need is Demand. Want is Desire. (However, "Want" does drive value over the price of demand. Look at the "Segway", and "Ferrari". No-one "Needs" those. They are not "Demanded" by anyone. But "Wanted or Desired" by many.)

We are at the point of HOPE and OVERHEAD-LOSS, at the moment... Step #2 is "Creating a Need" for AIR. Which was my post a few back. There is a slight level of WANT here... But that fades fast. Everyone Wants to become rich! Buying for $0.01 and selling for $100,000.00 but that is not NEED.