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Question: ZEITCOIN
https://zeit-coin.net
https://zeit-knights.slack.com
https://t.me/zeit_coin

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Author Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS]  (Read 1002766 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (3 posts by 3 users deleted.)
gazzamc
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April 14, 2014, 02:43:58 PM
 #8401

Actually it was qberty that took down the first couple Walla last night thanks bro!

Damn those were some big walls..
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April 14, 2014, 02:55:15 PM
 #8402

It looks like the Multipool is doing it's job Cheesy... finally we got away from 5 sat..

Pretty sure this movement isnt even because of the multipool (i havnt been paid in zeit yet).  Likely from some whales.

the multipool has to buy zeitcoin before it can payout... hence the price going up

True but look at the 24h volume, 266btc.  Even if half of those are sells the multipool wouldnt have made anywhere near that in the last 2-3 days its been running.

It doesn't have to.. there are so many bag holders that any activity would bring them over... the multipool ate through the big walls on 5 sat... and will do the same with the rest (as it gets more hashpower).. Thing is there are so many buy walls on every sat up... crazy... if all these bag holders were smart they would take down the walls and let it rise...

2 schools of thought as i see it.  Taking the walls down and letting the price rise so quickly would inevitably bring in profit takers and bring the price back down.  But then the weak hands would be out sooner and let the price rise more steadily with less profit taking.  That or leave the sell walls up and let the price rise slowly.

Hard to say which is better.  Probably the first if it could be done Smiley


"2 schools of thought as i see it.  Taking the walls down and letting the price rise so quickly would inevitably bring in profit takers and bring the price back down.  "

Exactly what I asked about earlier and the risk I worry about - that this POS coin will behave like a whale-dumpy POW coin until this whale oversupply is eaten up.... by bagholders...

Bagholders are what?  People thatve been holding chunks awhile id guess?

They could be ROI miners waiting for a return on investment/time... basically anyone holding until a certain price (where they will dump).. I've been holding since the beginning but i've no problem holding for a reasonable value... as this coin can do much better than 10 sat...

Even if i was to sell i would only sell a fraction and wait and see..

Oh ffs, mintpal under maitenance.  BAD TIMING! ><

Damn i just deposited BTC....

How much better ya think we can do?  Think we can see 100 sat like has been said a lot fairly soon?
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April 14, 2014, 03:19:01 PM
 #8403

It looks like the Multipool is doing it's job Cheesy... finally we got away from 5 sat..

Pretty sure this movement isnt even because of the multipool (i havnt been paid in zeit yet).  Likely from some whales.

the multipool has to buy zeitcoin before it can payout... hence the price going up

True but look at the 24h volume, 266btc.  Even if half of those are sells the multipool wouldnt have made anywhere near that in the last 2-3 days its been running.

It doesn't have to.. there are so many bag holders that any activity would bring them over... the multipool ate through the big walls on 5 sat... and will do the same with the rest (as it gets more hashpower).. Thing is there are so many buy walls on every sat up... crazy... if all these bag holders were smart they would take down the walls and let it rise...

2 schools of thought as i see it.  Taking the walls down and letting the price rise so quickly would inevitably bring in profit takers and bring the price back down.  But then the weak hands would be out sooner and let the price rise more steadily with less profit taking.  That or leave the sell walls up and let the price rise slowly.

Hard to say which is better.  Probably the first if it could be done Smiley


"2 schools of thought as i see it.  Taking the walls down and letting the price rise so quickly would inevitably bring in profit takers and bring the price back down.  "

Exactly what I asked about earlier and the risk I worry about - that this POS coin will behave like a whale-dumpy POW coin until this whale oversupply is eaten up.... by bagholders...


i think this is the slow rise one ... a hugebuy/sell that set ground higher, then pirce stablize there .. then again then again
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April 14, 2014, 03:19:14 PM
 #8404

Its looks hard to crack the walls going forward.. 13,15,20 BTC and like that in each wall
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April 14, 2014, 03:21:35 PM
 #8405

Its looks hard to crack the walls going forward.. 13,15,20 BTC and like that in each wall

yeah caz going up in that pirce range like  7-8 satochi ... is huge % ....

its like from  lets say u buy at 10 to go to 11 thats 10% profit ..

so the more we push the faster / more easy to go up
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April 14, 2014, 03:32:17 PM
 #8406



How much better ya think we can do?  Think we can see 100 sat like has been said a lot fairly soon?

Just looking at BC rise anything is possible, if the multipool gets going 100 sat is very much in our reach...



i think this is the slow rise one ... a hugebuy/sell that set ground higher, then pirce stablize there .. then again then again

That's the best way... a rise too quick will result in dumps from people trying to profit fast..
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April 14, 2014, 03:53:35 PM
 #8407

What we need is to get our Multipool out of beta and get in running fast..
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April 14, 2014, 03:55:32 PM
 #8408

What we need is to get our Multipool out of beta and get in running fast..

or...just mine for zeit right now @ http://hashco.ws  ...it all results in buying pressure  Smiley

Profit-Switching Pool w/ Vardiff -> http://hashco.ws  Optionally keep the alts we mine or auto-trade for BTC. In addition can be paid out in any of: 365, AC, BC,  BTC, C2, CINNI, COMM, FAC, HBN, MINT, PMC, QRK, RDD, WC, XBC
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April 14, 2014, 03:55:40 PM
 #8409

What we need is to get our Multipool out of beta and get in running fast..

We need more hashpower... also a bit of marketing would help too... i'm sure many will want to jump on a POS coin if they missed BC...
podizzle
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April 14, 2014, 04:01:50 PM
 #8410

What we need is to get our Multipool out of beta and get in running fast..

or...just mine for zeit right now @ http://hashco.ws  ...it all results in buying pressure  Smiley

I will throw my hash your way later on. I still can't believe I turned down your offer of black at 800 sats. Lol
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April 14, 2014, 04:16:32 PM
 #8411

Ugghh all those disgusting sell walls ... hold on to your ZEIT people Smiley
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April 14, 2014, 04:21:36 PM
 #8412

Ugghh all those disgusting sell walls ... hold on to your ZEIT people Smiley

those sell walls bother me a lot - what bothers me more are the hidden sell walls that might pop up if this coin rises more. Is there a big "hidden" supply of whales poised to dump at any time?
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April 14, 2014, 04:22:10 PM
 #8413

What we need is to get our Multipool out of beta and get in running fast..

What's the latest best guess on when the multipool happens - and is it going to work like the blackcoin multipool?
shijilal
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April 14, 2014, 04:29:41 PM
 #8414

What we need is to get our Multipool out of beta and get in running fast..

What's the latest best guess on when the multipool happens - and is it going to work like the blackcoin multipool?

We already got one..http://zeitpool.zeit-coin.com/
The problem is its still in beta..but it works
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April 14, 2014, 04:30:26 PM
 #8415

Ugghh all those disgusting sell walls ... hold on to your ZEIT people Smiley

those sell walls bother me a lot - what bothers me more are the hidden sell walls that might pop up if this coin rises more. Is there a big "hidden" supply of whales poised to dump at any time?

I need to stop spending .. but .. I can't .. not after BC and FAC and ECC and MINT even ffs, biggest bag of all, and COMM is coming up on pool news. PoS is the future .. Zeit Coin will be there!

Break out those BTC and LTC gathering dust and lets party .. here is the perfect Disco Mix to do it with, even has "get on the Disco Choo-Choo" in the middle https://www.youtube.com/watch?v=O5CXbIWYS3c

Coinmarket Cat prowls once again.
https://twitter.com/VarvarinEMC2
gazzamc
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April 14, 2014, 04:33:38 PM
 #8416

What we need is to get our Multipool out of beta and get in running fast..

What's the latest best guess on when the multipool happens - and is it going to work like the blackcoin multipool?

We already got one..http://zeitpool.zeit-coin.com/
The problem is its still in beta..but it works

This one is done manually, so it's kind of slow... the hashco.ws one is automatic i believe (correct me if i'm wrong), plus you can see your earnings and withdraw at any amount... much better IMO.



Most of my hash rate is on the BC multipool but once it becomes unprofitable i'll be switching the rest over.
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April 14, 2014, 04:43:07 PM
 #8417

Zeitcoin is never going to move like heavily manipulated coins with tiny floats. Don't set yourself up for disappointment with unattainable expectations. Mintpal ask has already gone from 3 satoshis to 9 satoshis in one week. The rapid 200% increase has brought out the sellers. Let them keep all their coins on mintpal & cryptsy where they won't be staking. I'll be keeping my coins in my wallet where they belong paying me stake and protecting the blockchain.
gazzamc
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April 14, 2014, 04:46:39 PM
 #8418

Zeitcoin is never going to move like heavily manipulated coins with tiny floats. Don't set yourself up for disappointment with unattainable expectations. Mintpal ask has already gone from 3 satoshis to 9 satoshis in one week. The rapid 200% increase has brought out the sellers. Let them keep all their coins on mintpal & cryptsy where they won't be staking. I'll be keeping my coins in my wallet where they belong paying me stake and protecting the blockchain.

Myself like everyone else here have their coins already in the wallet, i've waited long enough for staking to begin and i won't reset it just for a tiny profit, the price will go up once the multipools get going and we take the coins from those weak hands/sellers... they will be put back into our wallet and we will rinse, repeat... at least until the price hits something reasonable...

Getting past 10 sat is the next goal... those walls will drop once we hit a higher value.
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April 14, 2014, 04:48:15 PM
 #8419

One thing is for sure, we will weed out the weak and unprepared pools quickly with this much enthusiasm and miners getting geared up to mine at midnight on their perspective pools..... early dogecoin pools ,,,what a mess... lets hope all the pools in here have done their homework, as we shall soon see

Bwincoin - 100% Free POS.B7TkusEJ3N9bTrCrwC6xCBj7NnK1J4WciJ
solarion
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April 14, 2014, 05:09:05 PM
 #8420

Zeitcoin is never going to move like heavily manipulated coins with tiny floats. Don't set yourself up for disappointment with unattainable expectations. Mintpal ask has already gone from 3 satoshis to 9 satoshis in one week. The rapid 200% increase has brought out the sellers. Let them keep all their coins on mintpal & cryptsy where they won't be staking. I'll be keeping my coins in my wallet where they belong paying me stake and protecting the blockchain.

Myself like everyone else here have their coins already in the wallet, i've waited long enough for staking to begin and i won't reset it just for a tiny profit, the price will go up once the multipools get going and we take the coins from those weak hands/sellers... they will be put back into our wallet and we will rinse, repeat... at least until the price hits something reasonable...

Getting past 10 sat is the next goal... those walls will drop once we hit a higher value.

Currently on the ask side at Mintpal:

2,448,533,183

Currently on the ask side at Cryptsy:

125,731,440

Total Zeit available for immediate purchase:

2,574,264,623 (9.46% of total supply)

Someone didn't get the memo. Seriously doubt that cryptsy number is nearly high enough, I think they just only show the relevant portion of their order book. Obviously this doesn't include the number of uncommitted Zeits in people's wallets on exchanges.

Edit: For the record this number seems quite low to me. Less than 10% of float for sale at a given moment is encouraging.

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