NA

[bram_vnl]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

[1715003168]

1715003168

[1715003168]

1715003168

[Frazazel]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

How

[bram_vnl]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

How

support to sell or buy guldencoin to a little pump

[veertje]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

How

support to sell or buy guldencoin to a little pump

Let the market do their job. This is settling before next jump. There are people waiting to jump in again at the right time. I think that moment is not that far away. Don't sell your coins cheap.

[Wildwest]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

How

support to sell or buy guldencoin to a little pump

Bram the price had to come down , don't worry too much this isn't your typical PnD coin, I think you can be confident in knowing that even the people who payed over 1900 will be smiling in 1 year from now. That is my bet... even if price drops to 600 we should be rejoicing in the streets... that is a 600% gain in less then a month. Which investment gives those returns.

[SuicidalTendencies]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

How

support to sell or buy guldencoin to a little pump

Bram the price had to come down , don't worry too much this isn't your typical PnD coin, I think you can be confident in knowing that even the people who payed over 1900 will be smiling in 1 year from now. That is my bet... even if price drops to 600 we should be rejoicing in the streets... that is a 600% gain in less then a month. Which investment gives those returns.

Looking at Bittrex, the end goal here is to force that 850 order to execute to make a future rich bag holder.

[BitcoinHeroes]

Nice, looking forward for the IOS wallet.

[Spekske]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

There is always a bottom for every coin, and there are parts that can be calculated, a mining rig costs money to buy, running a mining rig consumes electricity which also costs money in most cases. I have made a calculation which can help you to understand the factors that CAN be calculated, the only one that is always an unknown is the human factor. I am using 20GH/s or 20000MH/s as networkhashrate, but you can change that variable as needed, the same applies to your minerspeed. I am working with euro values but you can change all to dollars and get the same results.

NLG coins per day = 576000
Electricity costs per KW/h in the Netherlands = 0,23 (eurocent)
Networkhashrate = 20000MH/s
Result per MH/s per day = 28.8 NLG (576000/20000)

Let's say you have a Zeus X6 running at around 44MH/s and consuming 1000Watt, that means it will eat 24KW/h per day at 0,23 per KW/h which is 5,52 in electricity costs per day. Your miner produces 44 x 28.8 NLG = 1267.2 NLG per day, so the costs per NLG coin is 0.004356. The current BTC value in euro is around 370 euro, if you divide 370 / 0.004356 the result = 84940 , which gives you the number of NLG per BTC, now divide 1 / 84940 = 0.00001177 and you have your bottomprice where you break even, of course you want to make a profit and if possible also earn back your investment in your mining rig, so you will have to sell it for quite a bit more to actually make a profit.
I hope this helps a bit and feel free to correct me if my calculation is off 

[BioMike]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

There is always a bottom for every coin, and there are parts that can be calculated, a mining rig costs money to buy, running a mining rig consumes electricity which also costs money in most cases. I have made a calculation which can help you to understand the factors that CAN be calculated, the only one that is always an unknown is the human factor. I am using 20GH/s or 20000MH/s as networkhashrate, but you can change that variable as needed, the same applies to your minerspeed. I am working with euro values but you can change all to dollars and get the same results.

NLG coins per day = 576000
Electricity costs per KW/h in the Netherlands = 0,23 (eurocent)
Networkhashrate = 20000MH/s
Result per MH/s per day = 28.8 NLG (576000/20000)

Let's say you have a Zeus X6 running at around 44MH/s and consuming 1000Watt, that means it will eat 24KW/h per day at 0,23 per KW/h which is 5,52 in electricity costs per day. Your miner produces 44 x 28.8 NLG = 1267.2 NLG per day, so the costs per NLG coin is 0.004356. The current BTC value in euro is around 370 euro, if you divide 370 / 0.004356 the result = 84940 , which gives you the number of NLG per BTC, now divide 1 / 84940 = 0.00001177 and you have your bottomprice where you break even, of course you want to make a profit and if possible also earn back your investment in your mining rig, so you will have to sell it for quite a bit more to actually make a profit.
I hope this helps a bit and feel free to correct me if my calculation is off 

You can calculate all the formulas you want, but mining has always followed (and will follow) market price, not the other way around.

[Spekske]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

There is always a bottom for every coin, and there are parts that can be calculated, a mining rig costs money to buy, running a mining rig consumes electricity which also costs money in most cases. I have made a calculation which can help you to understand the factors that CAN be calculated, the only one that is always an unknown is the human factor. I am using 20GH/s or 20000MH/s as networkhashrate, but you can change that variable as needed, the same applies to your minerspeed. I am working with euro values but you can change all to dollars and get the same results.

NLG coins per day = 576000
Electricity costs per KW/h in the Netherlands = 0,23 (eurocent)
Networkhashrate = 20000MH/s
Result per MH/s per day = 28.8 NLG (576000/20000)

Let's say you have a Zeus X6 running at around 44MH/s and consuming 1000Watt, that means it will eat 24KW/h per day at 0,23 per KW/h which is 5,52 in electricity costs per day. Your miner produces 44 x 28.8 NLG = 1267.2 NLG per day, so the costs per NLG coin is 0.004356. The current BTC value in euro is around 370 euro, if you divide 370 / 0.004356 the result = 84940 , which gives you the number of NLG per BTC, now divide 1 / 84940 = 0.00001177 and you have your bottomprice where you break even, of course you want to make a profit and if possible also earn back your investment in your mining rig, so you will have to sell it for quite a bit more to actually make a profit.
I hope this helps a bit and feel free to correct me if my calculation is off 

You can calculate all the formulas you want, but mining has always followed (and will follow) market price, not the other way around.

And how do you think that marketprice is determined ? Any serious miner will want to make money, simple as that, so if your total investment in equipment and your running cost will be higher than your return on investment there's no point mining if that will actually cost you money. I have provided this information simply as a tool for people to use or not to use, nothing more and nothing less

[veertje]

Goodmorning everyone. A brand new day.  

I will be posting on monday again. Good weekend all!

Edit: When bottom is found most of the miners will hold their coins for higher prices again. Question is what is the bottom.
Just waiting for the moment the bulls are back in town 

[BioMike]

You can calculate all the formulas you want, but mining has always followed (and will follow) market price, not the other way around.

And how do you think that marketprice is determined ? Any serious miner will want to make money, simple as that, so if your total investment in equipment and your running cost will be higher than your return on investment there's no point mining if that will actually cost you money. I have provided this information simply as a tool for people to use or not to use, nothing more and nothing less

Marketprice is determined by supply and demand. The quality of the coin (active devs, community, shops accepting it, etc.) determines this. You can invest all your money in some mining equipment to mine some coin, but if nobody wants the coin you can wait for ages to sell them. You can can calculate the marketprice is 1000 BTC (because of your investments), but if nobody will buy it... who are you fooling? In the mean time your equipment breaks down and electricity still has to be paid. Hence you will stop mining because you can't sell the coins (Miner follows the market, the market doesn't follow the miner).

Edit: When bottom is found most of the miners will hold their coins for higher prices again. Question is what is the bottom.
Just waiting for the moment the bulls are back in town 

Again, miners following the market.

[Spekske]

You can calculate all the formulas you want, but mining has always followed (and will follow) market price, not the other way around.

And how do you think that marketprice is determined ? Any serious miner will want to make money, simple as that, so if your total investment in equipment and your running cost will be higher than your return on investment there's no point mining if that will actually cost you money. I have provided this information simply as a tool for people to use or not to use, nothing more and nothing less

Marketprice is determined by supply and demand. The quality of the coin (active devs, community, shops accepting it, etc.) determines this. You can invest all your money in some mining equipment to mine some coin, but if nobody wants the coin you can wait for ages to sell them. You can can calculate the marketprice is 1000 BTC (because of your investments), but if nobody will buy it... who are you fooling? In the mean time your equipment breaks down and electricity still has to be paid. Hence you will stop mining because you can't sell the coins (Miner follows the market, the market doesn't follow the miner).

Edit: When bottom is found most of the miners will hold their coins for higher prices again. Question is what is the bottom.
Just waiting for the moment the bulls are back in town 

Again, miners following the market.

I think you are completely missing my point here, the calculation gives you the break even point, to make it easier to determine to mine or not to mine at current market price, so yes it follows the market so I don't understand your arguing when it simply does what you stated

[Digithusiast]

in case you guys sell... where to do this ? and able to get direct EUR? And than what... free wire to your account?
Or first converse to bitcoin necessary f.e. ?

if you have Guldencoin (NLG), you can sell them for Bitcoin (BTC) at www.bittrex.com. There you can trade the best price for your NLG.
if you want to sell BTC (or buy) for Euro and have the Euro deposited to your bank, you can use https://justcoin.com/ . Justcoin is reliable and the money is in your bank account the next day or 1 day later.
it is also possible to sell NLG for Euro at https://www.litebit.eu/sell/nlg/nl/ but the convenience will cost you a bit in terms of a lower price per NLG.

Happy trading!

[BioMike]

You can calculate all the formulas you want, but mining has always followed (and will follow) market price, not the other way around.

And how do you think that marketprice is determined ? Any serious miner will want to make money, simple as that, so if your total investment in equipment and your running cost will be higher than your return on investment there's no point mining if that will actually cost you money. I have provided this information simply as a tool for people to use or not to use, nothing more and nothing less

Marketprice is determined by supply and demand. The quality of the coin (active devs, community, shops accepting it, etc.) determines this. You can invest all your money in some mining equipment to mine some coin, but if nobody wants the coin you can wait for ages to sell them. You can can calculate the marketprice is 1000 BTC (because of your investments), but if nobody will buy it... who are you fooling? In the mean time your equipment breaks down and electricity still has to be paid. Hence you will stop mining because you can't sell the coins (Miner follows the market, the market doesn't follow the miner).

Edit: When bottom is found most of the miners will hold their coins for higher prices again. Question is what is the bottom.
Just waiting for the moment the bulls are back in town 

Again, miners following the market.

I think you are completely missing my point here, the calculation gives you the break even point, to make it easier to determine to mine or not to mine at current market price, so yes it follows the market so I don't understand your arguing when it simply does what you stated

Let's get the quote back that started this:

There is always a bottom for every coin, and there are parts that can be calculated, a mining rig costs money to buy, running a mining rig consumes electricity which also costs money in most cases.

This bottom (market value) is not determined by miners and the bottom is not the break-even point (market value that needs to be for ROI). Two different things, yet you put them in the same sentence... so yeah, I think I completely missed your point. But I know what you mean now.

[WaterLooDown]

We are going to be releasing a best practices guidelines over the course of the weekend in Dutch and English regarding your wallet.

This will include multiple backups, password protecting USB sticks, using winrar password protection and cloud storage which should protect your funds from any event. As the coin gains more usage it's very important that your protect your funds, your money is in your hands now, while this gives you freedom it's up to you to protect it and we are here to assist.

[Spekske]

You can calculate all the formulas you want, but mining has always followed (and will follow) market price, not the other way around.

And how do you think that marketprice is determined ? Any serious miner will want to make money, simple as that, so if your total investment in equipment and your running cost will be higher than your return on investment there's no point mining if that will actually cost you money. I have provided this information simply as a tool for people to use or not to use, nothing more and nothing less

Marketprice is determined by supply and demand. The quality of the coin (active devs, community, shops accepting it, etc.) determines this. You can invest all your money in some mining equipment to mine some coin, but if nobody wants the coin you can wait for ages to sell them. You can can calculate the marketprice is 1000 BTC (because of your investments), but if nobody will buy it... who are you fooling? In the mean time your equipment breaks down and electricity still has to be paid. Hence you will stop mining because you can't sell the coins (Miner follows the market, the market doesn't follow the miner).

Edit: When bottom is found most of the miners will hold their coins for higher prices again. Question is what is the bottom.
Just waiting for the moment the bulls are back in town  

Again, miners following the market.

I think you are completely missing my point here, the calculation gives you the break even point, to make it easier to determine to mine or not to mine at current market price, so yes it follows the market so I don't understand your arguing when it simply does what you stated

Let's get the quote back that started this:

There is always a bottom for every coin, and there are parts that can be calculated, a mining rig costs money to buy, running a mining rig consumes electricity which also costs money in most cases.

This bottom (market value) is not determined by miners and the bottom is not the break-even point (market value that needs to be for ROI). Two different things, yet you put them in the same sentence... so yeah, I think I completely missed your point. But I know what you mean now.

Basically it is just a profitability calculation, the bottom is of course dynamic as factors like networkhashrate will change all the time And of course the calculation is very personal, if you have a different miner or different energycosts your bottom will look different too.

[Digithusiast]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

How

If I read your message correctly, you mean to ask how they bring the price down, right?

They do it like this; there are 2 or more traders working together as a team or they might even work together as a trading company.
Some of these traders put small sell orders at gradually lower prices, and their team-mates buy the small orders at lower price.
Like this, these traders manipulate the price downwards. The ordercosts are so low they can be neglected. In fact they are moving their NLG back and forth from one of their Bittrex trading accounts to the other.

Their goal is luring miners and other traders to sell their NLG at the lower prices. The trading team buys these low-priced orders from other sellers too and stacks their NLG.
Once the trading-team has enough NLG, they will stop manipulating the price, and up the price goes. Then the team sells their NLG and makes a lot of profits.

You can see this happening by looking at the order sizes and prices; if there many small orders of i.e. up to 1000 NLG and many small decreasing price-steps,
then you can rest assured the above tactics are being played.

Big question is how to beat this? First of all, do not sell at the current price-level. Remember NLG went up to 1900 satoshi, and rest assured it will bypass that value in near future.
The less NLG the manipulating traders can buy, the sooner they will refrain from manipulating.

2nd option is to buy their small low priced orders, as that makes their NLG stack decline and that is the opposite of their goal.

Let's kick some :-)  

[Bluestreet]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

How

If I read your message correctly, you mean to ask how they bring the price down, right?

They do it like this; there are 2 or more traders working together as a team or they might even work together as a trading company.
Some of these traders put small sell orders at gradually lower prices, and their team-mates buy the small orders at lower price.
Like this, these traders manipulate the price downwards. The ordercosts are so low they can be neglected. In fact they are moving their NLG back and forth from one wallet to the other.

Their goal is luring miners and other traders to sell their NLG at the lower prices. The trading team buys these low-priced orders from other sellers too and stacks their NLG.
Once they have enough NLG they will stop manilpulating the price, and up the price goes.

You can see this happening by looking at the order sizes and prices; if there many small orders of i.e. up to 1000 NLG and many small decreasing price-steps,
then you can rest assured the above tactics are being played.

Big question is how to beat this? First of all, do not sell at the current price-level. Remember NLG went up to 1900 satoshi, and rest assured it will bypass that value in near future.
The less NLG the manipulating traders can buy, the sooner they will refrain from manipulating.

2nd option is to buy their small low priced orders, as that makes their NLG stack decline and that is the opposite of their goal.

Let's kick some :-)  

I can confirm this is the case, I often see same amount in sales of btc, then same btc amount being put in lower to buy more NLG. This is why the coin hasn't been dumped out to below 1000 because others are taking out there lower order sales. It's funny to watch. Never seen it before except with DRK at one stage.

[Digithusiast]

the price is down! guldencoin lovers bring the price to 1600 satoshi or higher  https://bittrex.com/Market/Index?MarketName=BTC-NLG

somebody is bring the price down, don't let him do that

How

If I read your message correctly, you mean to ask how they bring the price down, right?

They do it like this; there are 2 or more traders working together as a team or they might even work together as a trading company.
Some of these traders put small sell orders at gradually lower prices, and their team-mates buy the small orders at lower price.
Like this, these traders manipulate the price downwards. The ordercosts are so low they can be neglected. In fact they are moving their NLG back and forth from one wallet to the other.

Their goal is luring miners and other traders to sell their NLG at the lower prices. The trading team buys these low-priced orders from other sellers too and stacks their NLG.
Once they have enough NLG they will stop manilpulating the price, and up the price goes.

You can see this happening by looking at the order sizes and prices; if there many small orders of i.e. up to 1000 NLG and many small decreasing price-steps,
then you can rest assured the above tactics are being played.

Big question is how to beat this? First of all, do not sell at the current price-level. Remember NLG went up to 1900 satoshi, and rest assured it will bypass that value in near future.
The less NLG the manipulating traders can buy, the sooner they will refrain from manipulating.

2nd option is to buy their small low priced orders, as that makes their NLG stack decline and that is the opposite of their goal.

Let's kick some :-)   

I can confirm this is the case, I often see same amount in sales of btc, then same btc amount being put in lower to buy more NLG. This is why the coin hasn't been dumped out to below 1000 because others are taking out there lower order sales. It's funny to watch. Never seen it before except with DRK at one stage.

Especially for you Bluestreet :-) http://www.youtube.com/watch?v=77MM6rwwucc