ifightformerkel
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Activity: 1386
Merit: 1000
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March 13, 2014, 07:56:38 PM |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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March 13, 2014, 08:04:46 PM |
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Any lower and the incentive for miners is greatly reduced. Maza actually has decent BTC volume in trades across most of the exchanges. Consistently over 30 BTC, that's pretty good considering most have 3-4 btc a day.
How do you compute? Is that 1 exchange or all of them? What's the daily Mazacoin volume then? Last 24hrs approx 130 BTC through the exchanges Cryptsy,MintPal,SwissCEX , does not inc Cryptorash as their stats be down I dunno how much trade Kimitsu Asset Management are carrying. |
"A foolish consistency is the hobgoblin of little minds"
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insanid
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March 13, 2014, 08:05:54 PM |
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Wonder who the dingletards are on cryptsy who keep putting in gobs of orders to buy/sell MZC 100 at a price difference of 1 satoshi.
It's just a bot. They do that to try and hide the orderbook. |
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insanid
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March 13, 2014, 08:11:35 PM |
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torot
Newbie
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Activity: 42
Merit: 0
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March 13, 2014, 08:19:49 PM |
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Any lower and the incentive for miners is greatly reduced. Maza actually has decent BTC volume in trades across most of the exchanges. Consistently over 30 BTC, that's pretty good considering most have 3-4 btc a day.
How do you compute? Is that 1 exchange or all of them? What's the daily Mazacoin volume then? Last 24hrs approx 130 BTC through the exchanges Cryptsy,MintPal,SwissCEX , does not inc Cryptorash as their stats be down I dunno how much trade Kimitsu Asset Management are carrying. Now it makes sense! that 130-150 BTC volume is about 9 million MZC daily: of that miners are dumping 3.6 million newly born MZC That's why we keep sliding every day -- 40% of daily supply are always new coins! each day damn |
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neilh
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March 13, 2014, 08:39:00 PM |
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Whoa, huge dumps clearing out almost the entire buy book! Wtf! I wish I had some fucking BTC to spare right now! Christ.
Well, on the brightside, this is one way to escape miner profit dumps haha.
Yeah, went down to 300 sat! |
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testadimerlo
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March 13, 2014, 08:42:58 PM |
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Why this panic sell? What is happening?
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moonman787
Member
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Activity: 84
Merit: 10
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March 13, 2014, 08:43:26 PM |
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I don't understand this. Payu created a coin for the Lakota to better themselves. However, the coin is worthless because he also created a system where miners are the only ones making money by dumping. How is this supposed to benefit them or us investors? None of this makes sense.
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princesultan1
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March 13, 2014, 08:43:32 PM |
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lucky i sold at 1500 for a horrid loss
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moonman787
Member
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Activity: 84
Merit: 10
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March 13, 2014, 08:45:12 PM |
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The pricing seems to be just based on market manipulation and miners dumping. How is this project gonna work if this keeps happening? The coins need to be worth something for anybody to gain from this. Does anyone have contact info for Payu?
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leigh2k14
Legendary
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Activity: 1288
Merit: 1000
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March 13, 2014, 08:47:27 PM |
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Whoa, huge dumps clearing out almost the entire buy book! Wtf! I wish I had some fucking BTC to spare right now! Christ.
Well, on the brightside, this is one way to escape miner profit dumps haha.
Yeah, went down to 300 sat! 300 sat, wow, this coin is FUBAR! |
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Croak
Member
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Activity: 98
Merit: 10
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March 13, 2014, 08:50:34 PM |
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lucky i sold at 1500 for a horrid loss
It's coming back up again...that was one big ass dump that cleared the entire buy book (and it wasn't even that big, there was less than 10 BTC stacked up in it, give or take). There's probably quite a few panic sellers who already regret losing their position and not converting it back. And watch word of this spread and create more buzz on the coin...wouldn't be surprised if it goes a good deal higher on this bounce, for awhile, at least. |
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princesultan1
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March 13, 2014, 08:53:20 PM |
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lucky i sold at 1500 for a horrid loss
It's coming back up again...that was one big ass dump that cleared the entire buy book (and it wasn't even that big, there was less than 10 BTC stacked up in it, give or take). There's probably quite a few panic sellers who already regret losing their position and not converting it back. And watch word of this spread and create more buzz on the coin...wouldn't be surprised if it goes a good deal higher on this bounce, for awhile, at least. my order didn't even go through. looks like i'm still in it, bahhh. |
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49er.miner
Newbie
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Activity: 42
Merit: 0
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March 13, 2014, 08:53:29 PM |
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good morning my fellow mazawarriors....
battle stations......
are we sure its on a upward trend looks more like dead cat bounce to me....
but what do i know.....
what the gameplan
maza tov...
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remistevens
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March 13, 2014, 08:54:10 PM |
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Claims that miners dumping is causing price drops are either intended to deceive or the ramblings of the confused. No one can possibly know who is selling or why, its all speculation. Its entirely possible that not a single person mining MZC sold a coin today and that all the sells have been panickers or people that just chose to move on.
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sgi02
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March 13, 2014, 08:55:10 PM |
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I have 1000 MZC. Bought half at its high and the other half on the lower end. Holding until the value of the coin reaches fruition or drops to zero.
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wurstgelee
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March 13, 2014, 08:55:36 PM |
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my bet: someone severely fatfingered when putting up a wall. there are walls of around 6-10 btc from time to time. this would match to the thin orderbook because of many pumps and dumps today. it was in one move, wasn´t it? went so fast....  any other theories? ps: lucky me. sold 40 seconds before dump @ 15xx, got in @ ~ 700 again. pps: he or she probably wanted to sell down to 00001300 - and missed the 1. |
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Mathgamain
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March 13, 2014, 08:56:59 PM |
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The market cap is now higher than on Monday, but the coin is less valuable. The mining is way too profitable at these current levels.
Somebody just made an exit from the Maza warrior clan clearing the order book, buy at the top sell at the bottom will not be profitable plan.
But seriously, the coin needs to be tuned.
- Tomi
ps. Maza seems to be undestroyable since after the sweep it bounced almost where it were. Go Maza Coin!
pps. Maza Coin gets so much media attention that would be weird if it would not pay of..
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- Freedom - Dreamcoin.fi -
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49er.miner
Newbie
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Activity: 42
Merit: 0
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March 13, 2014, 09:00:31 PM |
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if miners are not dumping and right now is not a good time to mine mzc then this would be a good time to propose to fix this coin...no?
are this microsells on the buy side?
maza tov....
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