jomama22
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March 14, 2014, 06:10:22 AM |
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The dilemma with mining always lays in risk. Too much risk not many able to handle it.
When AUR was out difficulty was ~6 for several days because there was no exchange and no interest to spare your time for it. Then when difficulty spiked up x700 times at a plausible rate those who made it to the coin before it went to Cryptsy cashed out like mad.
But hey, some of those guys were mining coins which never made it, like GiftCoin or Leprocoin etc., they lost the game, time and resources.
The question is how far you should believe in the coin you are mining ahead of hype it conceals ahead of time? The thing with crypto-crapcoin-market is those who are buying are not doing it just because they are crap lovers but because of Greater Fool theory. No one ever wished to be at the looser end of this whole game but you always want to be the last one before the last before the opportunity door closes.
Talking about ZEITCoin now, what makes it so special? Nothing in particular aside from two factors which can make it big and strong: developers and pumpers. Developers are human beings too, so dumping easy-gathered coins is a way to go 99% of time round these places but what about price though? Hype brings everything to the value of anything being totally worthless yesterday, look at where AUR was at the launch. Then pumpers come in the game, when you are in luck they will pump it free of charge, when not - pay them off.
At the end of the day both of you plus your beloved "believers" who were mining so along at 1 satoshi, all will get a nice paycheck, then say adios and chao.
P.S. What about those who bought all that needless coins at the top though? They deserve it. Why? Well, there was no extra time invested in carrying and stressing self as you did my friend, your risk paid off finally, when they were riding an easy wave of hype.
They have a term for that: Risk Assessment
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kaduwall
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March 14, 2014, 06:11:22 AM |
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Zeitcoin is special, the people backing Zeitcoin are of a different kind, self-less community's thrive better then selfish ones. We are not simply interested in making profit, we want to change the world. We have the will to do things for the greater good, even in absence of monetary incentive. We are tech savvy and skilled, we are not afraid of innovation.
Im speaking for myself, but the greater voices define a community.
That's exactly it! And I'm proud to be a part of this community. As I said, to da moon!
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jomama22
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March 14, 2014, 06:13:37 AM |
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here we go. Jump on now if you truly believe we are making moves. 6 btc buy wall at 3 sat now.
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Anonymousg64
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March 14, 2014, 06:18:21 AM |
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here we go. Jump on now if you truly believe we are making moves. 6 btc buy wall at 3 sat now.
slow and steady, i need time to get my btc in place also i dont want difficulty to sky-rocket yet
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ydrogios
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March 14, 2014, 06:19:51 AM |
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Last night i go to bed and zeit was at 4th place and today when i wake up and see the charts at coinex zeit was at second position.To the moon peopleeeeeeeeeee to the moon.Keep voiting!!!!!!!!!!!!!!
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kaduwall
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March 14, 2014, 06:21:47 AM |
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Better get in fast, I know i'm going all in! (thats like 0.25 BTC, but still)
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UniMatrixZ
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March 14, 2014, 06:27:16 AM |
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So nice to wake up this morning and see Zeit at second place on Mintpal. Keep voting!
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jomama22
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March 14, 2014, 06:40:35 AM |
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So nice to wake up this morning and see Zeit at second place on Mintpal. Keep voting!
im just going to sleep! hope i see the same exponetial price jump tomorrow morning (9 sat) but i doubt it lol. edit: annnnnnnddd hash rate exploding. Multipool starting to hit Zeit again. Once the halving happens we will be looking good
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ydrogios
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March 14, 2014, 06:50:26 AM |
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So nice to wake up this morning and see Zeit at second place on Mintpal. Keep voting!
im just going to sleep! hope i see the same exponetial price jump tomorrow morning (9 sat) but i doubt it lol. Never know what it will happen!!!!Faith and everything will happen
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kaduwall
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March 14, 2014, 06:54:51 AM |
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So nice to wake up this morning and see Zeit at second place on Mintpal. Keep voting!
im just going to sleep! hope i see the same exponetial price jump tomorrow morning (9 sat) but i doubt it lol. edit: annnnnnnddd hash rate exploding. Multipool starting to hit Zeit again. Once the halving happens we will be looking good We were at 15~ satoshis 03/01 and this coin had little to none visibility compared to what we have now. Its going to be added soon on Mintpal and coinmktcap Do you really doubt this kind of price jump? I'm expecting a fast 15+ satoshis, and even at this price I won't sell all my coins, will definitely keep half of my stash for the long run. But hey, that's just me.
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Anonymousg64
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March 14, 2014, 07:01:57 AM |
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the only coins im gona sell are PoS year 2 coins
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kaduwall
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March 14, 2014, 07:03:06 AM |
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the only coins im gona sell are PoS year 2 coins
A need a little money to pay my bills first, lol. But then I'll do just like that. :}
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CoinAmmo
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March 14, 2014, 07:04:58 AM |
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keep voting on mintpal guys!
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Ragz
Newbie
Offline
Activity: 32
Merit: 0
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March 14, 2014, 07:12:40 AM |
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the only coins im gona sell are PoS year 2 coins
small miner here...have about 16mil zeit.....wish I had the spare btc to pick up more, my order at 1sat never filled unfortunately...and it's more effective to rent a rig to mine than it is to buy it right now at 4 sat.....oh well, just my luck I suppose.....but i'm not gonna be selling either for a while....want to reap the benefits of POS
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ydrogios
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March 14, 2014, 07:21:45 AM |
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When it will change the coin to POS??
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Anonymousg64
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March 14, 2014, 07:34:01 AM |
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When it will change the coin to POS??
after your coins have 20 days of age
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Alty
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March 14, 2014, 07:38:54 AM |
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What is great about Zeit is that you guys will have practically voted it onto MintPal using strength in numbers alone as opposed to buying it on there... I'm starting to like this coin and the things it represents. Voted several times now!
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oaks05
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March 14, 2014, 07:52:12 AM |
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good the more people that see what a strong community we are, the more people will want to get involved, im more than happy with how things have gone so far.
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ponch85
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March 14, 2014, 07:54:04 AM |
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A need a little money to pay my bills first, lol.
the same goes for me! lol we are in 45th place on WORLDCOININDEX! come on guys let's go on like this, the community is strong and active
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