Bitcoin Forum
December 13, 2017, 03:50:34 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4] 5 6 7 8 9 »  All
  Print  
Author Topic: The True Value of Auroracoin  (Read 20829 times)
chris200x9
Legendary
*
Offline Offline

Activity: 1036



View Profile
March 03, 2014, 05:58:23 PM
 #61

This coin is such a scam, everybody is always up in arms about a 1.9% premine but somehow a 50% premine is ok. Also did the dev have a written legally binding contract saying he will AirDrop to Iceland? Will the AirDrop be independently verifiable? My guess is the AirDrop will mostly just go to the devs, if there is an AirDrop at all.

FORTUNEJACK.COM[
                             
9 BTC WELCOME PACK FOR 1ST 5 DEPOSITS
FREE 1,000 mBTC daily for LuckyJack winners
[
           
]
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513137034
Hero Member
*
Offline Offline

Posts: 1513137034

View Profile Personal Message (Offline)

Ignore
1513137034
Reply with quote  #2

1513137034
Report to moderator
1513137034
Hero Member
*
Offline Offline

Posts: 1513137034

View Profile Personal Message (Offline)

Ignore
1513137034
Reply with quote  #2

1513137034
Report to moderator
1513137034
Hero Member
*
Offline Offline

Posts: 1513137034

View Profile Personal Message (Offline)

Ignore
1513137034
Reply with quote  #2

1513137034
Report to moderator
doc12
Legendary
*
Offline Offline

Activity: 967


View Profile
March 03, 2014, 06:16:21 PM
 #62

lol did you see that up to 0,16 BTC  Shocked  ?WTF?
tromp
Hero Member
*****
Offline Offline

Activity: 505


View Profile
March 03, 2014, 06:22:42 PM
 #63

lol did you see that up to 0,16 BTC  Shocked  ?WTF?

Just a few more days of doubling in value and #1 Bitcoin will be toast :-)
blade87
Hero Member
*****
Offline Offline

Activity: 602


View Profile
March 03, 2014, 06:25:54 PM
 #64

Can someone still post a credible source that says the Icelandic people and or government are actively planning to use AUR? And not some crypto that someone is simply offering to a few people in Iceland to try and have it take off?
FTWbitcoinFTW
Sr. Member
****
Offline Offline

Activity: 476



View Profile
March 03, 2014, 06:25:58 PM
 #65

So i just need to make a coin with 10b supply
Put 10 on circulation @ $100 each
This is it.
You have a 1 trillion market cap Smiley


Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
it has lots of buttery taste..
lucazane
Legendary
*
Offline Offline

Activity: 1181



View Profile WWW
March 03, 2014, 07:10:46 PM
 #66

Market capitalization estimation done including 99% of assets who are not available.

There are some crazy retard at coinmarketcap.com


Crash will be EPIC



if you add 99 time more bitcoin to the calculation of bitcoin market cap, you have ~ 8.10^11 $ (same logic as aurora market cap)

The Blocks Factory Mining POOL : DGB(sha256d, Skein, Qubit, Groestl & Scrypt), FTC
Oto3
Member
**
Offline Offline

Activity: 116


View Profile
March 03, 2014, 07:22:40 PM
 #67

The price of Auroracoin will crash long before March 25th
pandaisftw
Full Member
***
Offline Offline

Activity: 224


View Profile
March 03, 2014, 07:25:32 PM
 #68

So i just need to make a coin with 10b supply
Put 10 on circulation @ $100 each
This is it.
You have a 1 trillion market cap Smiley



I'm actually concerned this may be a new thing...

NXT: 13095091276527367030
PoolMinor
Legendary
*
Offline Offline

Activity: 1249


✄✈☚ Fnord is toast without bread


View Profile
March 03, 2014, 07:53:48 PM
 #69

I looked around, and for some reason no one is talking about this..

I was looking up Auroracoin, and now I know why it's marketcap is insanely inflated: There are only 98476 coins in circulation, but coinmarketcap is also including all 10,500,000 (50%) of the premine coins for a total of 10,598,476 coins.

The true value of the Auroracoin marketcap is currently $2,552,498. When the airdrop happens, expect the price to eventually plummet to less than 1% of it's current value when the airdrop is finally complete. If I were an Icelander, I'd grab my free ~$900 USD and dump it right away, the price is only going to drop as the supply inflates by %10,000 in less than a year's time.

Additionally, people don't seem to realize that currently one entity controls 50% of the total Auroracoin supply (10,500,000) while there are only ~100k coins being traded by everyone else. So when the price "jumps" 60-70%, that's actually not uncommon for low valued coins; however, because the pre-mine number is included, this jump looks magnitudes larger than it really is.

People usually scream bloody murder to premine (even as *low* as 10%!), but some guy comes along and says "give me 50% premine, I promise to distribute it, trust me" and suddenly everyone is convinced.

Finally someone else that agrees with simple logic. The coin has been pre-mined by more than 50% it is currently 10,500,000/10,600,301 = 99%

Btc=C2MF     FLO      Litecoin to da Moon! ↑↑↑↑↑          FUN
Alohaboy?!
Hero Member
*****
Offline Offline

Activity: 714



View Profile
March 03, 2014, 08:30:27 PM
 #70

The Airdrop will happen on Cryptsy  Tongue

i think it´s to early

Bitdegree██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
|██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
██  ██  █
lemfuture
Hero Member
*****
Offline Offline

Activity: 546


View Profile
March 03, 2014, 08:37:04 PM
 #71

the true value of auroracoin is based on how long the speculator will hold this coin until 2nd gen cryptos take over with em advanced features

1ADLcfwTofFXb95pKhebpeRkJ4WTWsvQXB
alcurex.com
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 1792

Newbie


View Profile
March 03, 2014, 08:51:22 PM
 #72

Crash will be EPIC

The same was said about Bitcoin 2 years ago...
hdbuck
Legendary
*
Offline Offline

Activity: 1274



View Profile
March 03, 2014, 08:56:35 PM
 #73

Crash will be EPIC

The same was said about Bitcoin 2 years ago...

yeahh i'd rather think it will be an interesting experiment on a national scale and that its success may overplay the doomed scenario
warlogna
Newbie
*
Offline Offline

Activity: 28


View Profile
March 03, 2014, 09:06:07 PM
 #74

Crash will be EPIC

The same was said about Bitcoin 2 years ago...

Now is a good time to invest in BTC, because of AUR.

Option 1: Dev steals all the premined coins, is rich. Price of AUR drops like a rock. You are poor.

Option 2: Airdrop commences. Imagine you're an Icelandic citizen. Someone gives you 31AUR. Worth now about $1860, and you have a mind to redeem it. What's the first thing you do? You turn it into money you can use. First things first, trade them for BTC. Second things second, trade those for Iceland monies. Price of AUR drops like a rock. You are poor.

Bottom line is staying in after the airdrop date is foolish. It's a daytrader's wet dream, honestly. Nobody can write it off as a pumped and dumped dead coin until the 25th, so it's guaranteed to have some value until then.
CoinHeavy
Full Member
***
Offline Offline

Activity: 218


View Profile
March 03, 2014, 10:15:32 PM
 #75

All airdrop addresses are publicly visible.  If any coins move from them ahead of the airdrop, folks will notice.
warlogna
Newbie
*
Offline Offline

Activity: 28


View Profile
March 03, 2014, 10:29:17 PM
 #76

All airdrop addresses are publicly visible.  If any coins move from them ahead of the airdrop, folks will notice.

And do what about it? The Dev has deigned to remain anonymous
kalus
Sr. Member
****
Offline Offline

Activity: 336

let's make a deal.


View Profile
March 04, 2014, 02:17:52 AM
 #77


Now is a good time to invest in BTC, because of AUR.

I think this is the main take-home message of Auroracoin.

the main way people can make money off auroracoin is just like most of the other shitcoins:  mine while profitable, and sell for BTC ASAP.  

if anybody's actually buying auroracoin they're idiots.  

this thread also deserves to stay on the first forum page to offer a sober second thread for speculators. 

DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
ZeroBarrier
Full Member
***
Offline Offline

Activity: 140


View Profile
March 04, 2014, 02:47:21 AM
 #78

Since I posted yesterday, this coin has gotten even more rediculous.

100,851 is the total that have been mined since launch.

10,600,851 is the total including pre-mine AND mined coins.

10,500,000 is the pre-mine. (99% of total existing coins is pre-mine at this time.)

That's 10,500,000 x $71.51 = $750,855,000 at it's current rate.



The pre-mine alone is now worth more than double that of LTC and it doesn't seem likely to stop anytime soon. I'm calling it right now, this will be the most epic pump & dump in cryptocurrency to date.

I see one of two things eventually happening; either the airdrop happens in which each person from Iceland is given roughly 32 AUR (which is currently valued at $2288) and we'll get roughly 320,000 people dumping their 32 coins and killing AUR in the process, or the dev dumps whatever he can of the 10,500,000 coins he's holding from the pre-mine before the airdrop to get as much out of them and killing the coin in the process as well. Either way, this coin in dead already and people are just trying to ride the wave at the very edge. Some people are going to be left holding bags, but the only person with any potential to hit it rich in this coin is the dev.

One thing that strikes me as odd is holding the pre-mined coins in 21 separate wallet addresses. Is this to meant to buy some time to dump the coins from 1 address (500,000 AUR which is currently valued $35,755,000) while people scramble to check 21 separate addresses to verify if the pre-mine is being dumped? Is there any reason 10,500,000 AUR can't be held in 1 single solitary wallet address?
kalus
Sr. Member
****
Offline Offline

Activity: 336

let's make a deal.


View Profile
March 04, 2014, 02:57:12 AM
 #79

One thing that strikes me as odd is holding the pre-mined coins in 21 separate wallet addresses. Is this to meant to buy some time to dump the coins from 1 address (500,000 AUR which is currently valued $35,755,000) while people scramble to check 21 separate addresses to verify if the pre-mine is being dumped? Is there any reason 10,500,000 AUR can't be held in 1 single solitary wallet address?
it's a 50% premine with a value predicated on an unsubstantiated, unenforceable promise of countrywide distribution in iceland.  

to figure out if a scammer should hold a single wallet or 21 wallets to hold their coins for a pump and dump is like rearranging deck chairs on the Hindenburg.

the main thing that strikes me as odd is why people are actually buying these coins i'm mining. 

DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
hvezdasmrti
Sr. Member
****
Offline Offline

Activity: 462


View Profile
March 04, 2014, 03:15:51 AM
 #80

We know that but we cant profit from that  Angry

Tell me how i can make profit from short selling auroracoin? I will cash out the difference between the value today and value after dumping premine by icelandians (or just by preminer). I will give you the value which the coin will have in one year + 10 percent if you allow me to shortly sell your coins NOW.

Its annoying, crypto needs a possibility of short selling, all pump and dumps would be purged by that. There are 199 coins which will lose value and maybe 2-3 which will go randomly up. I dont want to seek the 1 big coin, i want to cash out your loss from the 199 other coins  Angry

NEM supporter. Support community network, dont feed the trust. Currently out of all PnD crapcoins. Forever. Crypto should move to the next phase.
Pages: « 1 2 3 [4] 5 6 7 8 9 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!