Why me and a bunch of others believe in Auroracoin

[marine4u]

I'm in the same boat as OP.. sold at around $70, but have recently bought back at $3.

I still fundamentally believe in the AUR network as a currency for iceland, and maybe that region.  Mostly based from the activities I see on Facebook with AUR trades on secondary market goods.. i think it's found a niche to start with..

Now .. I don't know if that means the value should be $3 or 10 cents... but i've bought back the coins that i sold at $3 just because i think it's a cool experiment..  so.. go go AUR

I believe the price will go further down, as more air-drop progresses less than 10 cents as people get them for free without any expense, they will just sell it at lower and lower racing it down to get actual cash. It will take years after that to recover if ever.

I still find it troubling to understand how people get involved with this "currency" knowing the inevitable and still have faith in it.

[micryon]

they will just sell it at lower and lower racing it down to get actual cash.

It seems though that there's no indication that's actually happening... it seems that the icelandic people that are receiving these coins, are actually using this to trade for goods without cashing it out.  It seems to me that they are being made believers of using cryptos and holding on to them..

I guess the market will reflect what is the reality, but my guess is that these guys are not in a hurry just to cash out to BTC/USD...

[Canaanite]

they will just sell it at lower and lower racing it down to get actual cash.

It seems though that there's no indication that's actually happening... it seems that the icelandic people that are receiving these coins, are actually using this to trade for goods without cashing it out.  It seems to me that they are being made believers of using cryptos and holding on to them..

I guess the market will reflect what is the reality, but my guess is that these guys are not in a hurry just to cash out to BTC/USD...

+1
I also think that the market is being led by few whales who decide on the price and try to make some money on us
there is no way knowing what is the real value of AUR. we will have to wait for consistent higher volume of trade

[cryptohunter]

they will just sell it at lower and lower racing it down to get actual cash.

It seems though that there's no indication that's actually happening... it seems that the icelandic people that are receiving these coins, are actually using this to trade for goods without cashing it out.  It seems to me that they are being made believers of using cryptos and holding on to them..

I guess the market will reflect what is the reality, but my guess is that these guys are not in a hurry just to cash out to BTC/USD...

+1
I also think that the market is being led by few whales who decide on the price and try to make some money on us
there is no way knowing what is the real value of AUR. we will have to wait for consistent higher volume of trade

it will crash lower no doubt, even if they decide to look into crypto they will probably trade into something better.

[micryon]

it will crash lower no doubt, even if they decide to look into crypto they will probably trade into something better.

Although that's possible.. it's also possible that a nationalism sentiment could be in play here that will make them want to choose AUR over other admittedly more established cryptos (like LTC/BTC).  Could go either way, i agree..

All i know is that i haven't seen anyone actually buy anything with BTC/LTC without cashing into USD via bitpay/coinbase/exchange of some kind...

But I *do* see the people of iceland buying things DIRECT using AUR without cashing out to fiat.. (Now admittedly i haven't been here all that long..) But imo, it means something to me... that's my rationalization anyhow

[NationOwnedCCNow]

I'm not really sure when or where i first heard about AUR but hell Yeah! Actually, it was on the 25th. Anyway, this CC has the potential to be the sht. Ofcourse a lot of People gonna cash out but as the price drops, who really cares to do it? Why Waste Your coins for a buck and a half when it has potential to be a ton more in the Close OR far future.

But, in the end, it's up to the icelanders. I do however strongly believe they have what it takes to Wake up and realize the opportunity. They suffered from the 08 crash more than anyone in Europe and they actually JAILED their criminals instead of throwing more Money at them like all other countries. Well you know all this so ill just stfu.


AUR nr 2 CC by end of 2014 is my prediction and opinion.

[micryon]

But, in the end, it's up to the icelanders. I do however strongly believe they have what it takes to Wake up and realize the opportunity. They suffered from the 08 crash more than anyone in Europe and they actually JAILED their criminals instead of throwing more Money at them like all other countries. Well you know all this so ill just stfu.

That aligns with my thoughts as well.. go go icelanders!

[Canaanite]

they will just sell it at lower and lower racing it down to get actual cash.

It seems though that there's no indication that's actually happening... it seems that the icelandic people that are receiving these coins, are actually using this to trade for goods without cashing it out.  It seems to me that they are being made believers of using cryptos and holding on to them..

I guess the market will reflect what is the reality, but my guess is that these guys are not in a hurry just to cash out to BTC/USD...

+1
I also think that the market is being led by few whales who decide on the price and try to make some money on us
there is no way knowing what is the real value of AUR. we will have to wait for consistent higher volume of trade

it will crash lower no doubt, even if they decide to look into crypto they will probably trade into something better.

I would like to know what is better?
Im always looking for a good investment as long as its really good, innovative and with a real potential (not a ponzi/pump&dump)

[sdersdf2]

Any any reason to believe Isracoin wont end up like Auroracoin / Mazracoin?

[SuperKing]

I wish I can still believe.
But the price is hit me again and again recently.