★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS]

[_tompin_]

$0.000137 :-D

one step at the time! :-D

With no buy orders I'm wondering if anyone would buy ZEIT for 1sat when BTC will be $20K or more. This will be expensive for coin without plans for future.

If you have any ZEIT place it for sell at 1 sat on 1 of the markets and see.  

Personally betting bitcoin price crashes in the next 6 months due to the CME Futures (which are designed to short) , and the fact bitcoin itself has been unusable for ~ week now.

But time will tell.

 

FYI:  Currently  $0.000151
Market Cap          
$5,596,731

I will agree that BTC will crash soon. The price is heavily speculated right now. How far will it crash? Only time will tell. I have serious doubts, though, that it will ever see $20k.

I think $20k is possible in the far future, but right now correction to a bit above $5k is most likely. Meanwhile we can enjoy cheap ZEIT coins on Cryptopia :-)

[warbird023]

Any Idea who is Muj3UrrLR6294qa9gHCUqLTHBpygzR7Dov ?

[warbird023]

According:

https://chainz.cryptoid.info/zeit/address.dws?629546.htm

Address    Muj3UrrLR6294qa9gHCUqLTHBpygzR7Dov    
Balance   8,394,467,405.0 ZEIT   
Rich List   Rank 1   at block 4123932 with 8,894,467,400.0 ZEIT

[_tompin_]

According:

https://chainz.cryptoid.info/zeit/address.dws?629546.htm

Address    Muj3UrrLR6294qa9gHCUqLTHBpygzR7Dov    
Balance   8,394,467,405.0 ZEIT   
Rich List   Rank 1   at block 4123932 with 8,894,467,400.0 ZEIT

This is big bag and looks like the guy is dumping the coins, so even though we have ULI, ZEIT will behave like it has 33% inflation ...

[stevegreer]

I wasn't aware of any single person being in possession of that many coins. I would almost think it was an exchange, but those normally show up with much more than one single wallet. Strange.

[KikloV]

This is big bag and looks like the guy is dumping the coins, so even though we have ULI, ZEIT will behave like it has 33% inflation ...

It did and does have a massive effect on the supply and demand ,
increasing the supply so dramatically it crashes the price because demand was not at that level yet.

Technically not inflation, as once these coins find new homes, the original sender will not be able to generate that amount from Pure interest, he has to now sell his principle, and at some point he stops or loses all of his principle for good.
If it was still all pure interest, he would be able to crash the price for eternity and never lose principle, which is why we had to move to ULI.

We had multiple years of high inflation, this is not an unexpected event, due to that high inflation.
Like all storms , the faithful will wait it out as it will not last forever. 


 

[FWBlack2]

I wasn't aware of any single person being in possession of that many coins. I would almost think it was an exchange, but those normally show up with much more than one single wallet. Strange.

I wonder if it's related to an exchange that took/stole/went under several years ago?  I lost some ZeitCoin on one back then, can't recall the name off hand, but there's been a few where we were sure someone made off with a lot of coins.

[rhadamanthes]

I wonder if it's related to an exchange that took/stole/went under several years ago?  I lost some ZeitCoin on one back then, can't recall the name off hand, but there's been a few where we were sure someone made off with a lot of coins.

Cryptorush ?

[MuffinMaster]

I wonder if it's related to an exchange that took/stole/went under several years ago?  I lost some ZeitCoin on one back then, can't recall the name off hand, but there's been a few where we were sure someone made off with a lot of coins.

Cryptorush ?

Probably it is about Cryptorush.. What I remember at first they said they would rescue exchange with some shares, and later disappeared with even more coins. Scammers!

[FWBlack2]

I wonder if it's related to an exchange that took/stole/went under several years ago?  I lost some ZeitCoin on one back then, can't recall the name off hand, but there's been a few where we were sure someone made off with a lot of coins.

Cryptorush ?

Probably it is about Cryptorush.. What I remember at first they said they would rescue exchange with some shares, and later disappeared with even more coins. Scammers!

I think the one I remember had "mint" in the name... the owner ran off with tons of coins if I recall.

[rhadamanthes]

I wonder if it's related to an exchange that took/stole/went under several years ago?  I lost some ZeitCoin on one back then, can't recall the name off hand, but there's been a few where we were sure someone made off with a lot of coins.

Cryptorush ?

Probably it is about Cryptorush.. What I remember at first they said they would rescue exchange with some shares, and later disappeared with even more coins. Scammers!

I think the one I remember had "mint" in the name... the owner ran off with tons of coins if I recall.

  Mintpal ^^

Aside from this,
It really seems like someone doesn't want the price to rise , nearly 700Millions on LTC and BTC pairings, the DOGE one seems to have been removed ( 240Millions) ... near 1 Billion ... on Cryptopia
Cheap ZEIT,great time to buy  !!!

[stevegreer]

Seems to me that if someone was sitting on over 1 billion coins that they would want the price to rise, not crash. This is weird.

[FWBlack2]

Seems to me that if someone was sitting on over 1 billion coins that they would want the price to rise, not crash. This is weird.

Y, I've been thinking about that too: original dev(s) who bailed?

[stevegreer]

Seems to me that if someone was sitting on over 1 billion coins that they would want the price to rise, not crash. This is weird.

Y, I've been thinking about that too: original dev(s) who bailed?

That is a possibility as well, I suppose. Having one of the exchanges that bailed earlier on consolidate all the coins into one wallet and then dumping seems very possible too. I just looked at Cryptopia's LTC/ZEIT pairing and in the last 12 hours there have been buys at anywhere from 46 - 50 litoshi... and still there is someone or some people who are selling at 40.  Someone is definitely trying to suppress us. And that's fine. We have bounced back from worse than this before.

[thelawofmirror]

hello guys there is any countdown for the fork?

[stevegreer]

hello guys there is any countdown for the fork?

What fork?

[thelawofmirror]

i read somewhere it going to fork soon.. and right now just a guy dumping the market with 8 billion coin (80 btc )

[rhadamanthes]

i read somewhere it going to fork soon.. and right now just a guy dumping the market with 8 billion coin (80 btc )

Where did you read this..... ?
There is no fork for Zeitcoin.

[warbird023]

i read somewhere it going to fork soon.. and right now just a guy dumping the market with 8 billion coin (80 btc )

Where did you read that?

[10000BTC]

What problem does this coin solve?
why are those in the market not doing it themselves?
What is your marketing strategy? this is the first time i heard about this coin.