teomcmurphy
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March 20, 2014, 03:19:19 AM |
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the difficulty is > 500 same as when SPA was $4-5/coin
I am still learning the mining terms and what they imply, but what you just said, does that imply the price should be higher? difficulty is a parameter of the coin that determines how hard it is to find a block, i.e. how much hashing power it takes to generate any one coin normally price and difficulty are cointegrated: a higher price attracts more miners, that raises difficulty. A lower price detracts miners and lowers difficulty. seeing price and difficulty move in opposite directions is odd moreover, difficulty affects the tradeoff of mining vs buying the coin outright. if the diff is low you should mine the coin to acquire it. the higher the diff the more attractive it becomes to buy the coin rather than mine it
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jrich76
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March 20, 2014, 04:08:39 AM |
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difficulty is a parameter of the coin that determines how hard it is to find a block, i.e. how much hashing power it takes to generate any one coin
normally price and difficulty are cointegrated: a higher price attracts more miners, that raises difficulty. A lower price detracts miners and lowers difficulty. seeing price and difficulty move in opposite directions is odd
moreover, difficulty affects the tradeoff of mining vs buying the coin outright. if the diff is low you should mine the coin to acquire it. the higher the diff the more attractive it becomes to buy the coin rather than mine it
Thanks for taking time to write that up, that makes a lot of sense. Intuitively I understood that to be the case but wanted to be sure before I made any more bad trading decisions this week. I spent all last week making up for MZC losses, finally made it back to break even then made a bad choice on SPA that knocked me right back down. Sticking with old favorites and slow growth for now, LTC, DOGE, and possibly BCC only because it continually mocks me by pumping right after I decide not to buy in on a low.
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BlackMarket
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March 20, 2014, 04:23:17 AM |
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lol panic selling
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jamieb81
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March 20, 2014, 05:16:10 AM |
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I'm mining there, great pool with no fees
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vendefer
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March 20, 2014, 05:32:22 AM |
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If real, something tells me this was the guy driving the price down with the sell orders and accumalting all the spacoins, lol Small dump and ppls sell all their coins, cool. Easy to manipulate. I want to buy more at lower price, very profitable. Thanks to everyone who sells me at low price. You are the best!!
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Amph
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March 20, 2014, 08:21:44 AM |
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as long as this is on top off coin wars list multipool will mine it and then dump it ..if you want seriuos coin you DONT MAKE it scrypt ..you make something that multipools and asic cant mine ..i lost a lot money on this..still holding a lot but i know a lost 2 much
your affirmation is both retarded and very, very limited. coins and markets are made for professionals. if it's asic resistant and multipoolresistant it will never have the popularity it needs to take off... wtf is wrong with people today? everyone wants to get rich on a gaming card these days... the greed... the unbelievable greed and stupidity of it... tell that to vertcoin(yeah now it's dumped, but it was at 1M satoshi) your argument is invalid scrypt-n and other anti asic algo are the way to go, and asic should die asap
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itsallpc
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March 20, 2014, 09:31:59 AM |
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Looks like i have become one of the official bag holders. all i can do now is hope it will go up but all i see is the coin being forced down.
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jacek1973
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March 20, 2014, 09:41:23 AM |
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there is no chance there will not raise coin already, too many people want to sell, look at ASK, I have bought for 170,000, unless I have to reconcile with the loss
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BlackMarket
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March 20, 2014, 09:42:51 AM |
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i hope this is not end like maza i made big lost at maza
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BlackMarket
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March 20, 2014, 09:57:08 AM |
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0.00088800 4044.41721783 3.59144249 buy order at mintpal
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itsallpc
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March 20, 2014, 10:00:09 AM |
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If this carries on the people of Spain might be lucky and get a maximum of 1 euro for their coins when the airdrop comes in
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jelin1984
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March 20, 2014, 10:03:15 AM |
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when the airdrop will come
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brightlight
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March 20, 2014, 10:06:50 AM |
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0.00088800 4044.41721783 3.59144249 buy order at mintpal And people don't rush to sell him.
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vendefer
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March 20, 2014, 10:23:26 AM |
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brightlight
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March 20, 2014, 10:25:47 AM |
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Looks like i have become one of the official bag holders. all i can do now is hope it will go up but all i see is the coin being forced down. Yeah, overwhelming moment! I am bagholder too. Still the hope is, if the big guys sees opportunity to take profit from this coin. But we don't know that.
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brightlight
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March 20, 2014, 10:27:37 AM |
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Big players in the game now! Are you sure? Maybe just someone still believes in this coin. Much BTC indeed.
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brightlight
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March 20, 2014, 10:29:55 AM |
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And the buy wall has been burned
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cbassthefish
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March 20, 2014, 10:38:44 AM |
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BlackMarket
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March 20, 2014, 10:48:32 AM |
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And the buy wall has been burned
yes, and in market history too many sell
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brightlight
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March 20, 2014, 10:56:14 AM |
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One of BTCWhale tweets:
@jebus911 @CryptoCobain @iamslush1 Either way, I'll go sleep like a baby now, with my pillow stuffed with american dollars. Have a penny.
Mtf
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