mr_random
Legendary
Offline
Activity: 1330
Merit: 1001
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April 20, 2014, 12:08:04 PM |
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If you want to read something that makes sense read below. The problem Asiacoin faces is that after the massive continued success of Blackcoin there is a flood of POS coins on the market.
FAC, COMM, WC, AC, others... and MINT and FLT.
All promising to be the "next blackcoin". The boat has gone. Within a week there will be half a dozen more clones flooded onto the market.
It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success. It wouldn't make sense if all those coins I listed broke into the top 10 coinmarketcaps. Most are premined with coins for the dev anyway, which is death sentence for long term growth.
You'll notice a pattern in this community, a new coin comes along that gets success and then a flood of clones try to cash in on it.
- We saw this with DOGE coin and coins trying to be memes - We saw this with the IPO wave of coins - Then we had a wave of "country" coins - Now the new flavour of the month is 100% POS coins
I honestly think a lot of people are going to get burned if they don't do their research. Either, pick the market leader (for 100% pos it's blackcoin, for meme coins its doge etc) or wait until the next new thing comes along and invest in that. Problem is the next new thing is risky, so you have to be willing to slap your bitcoins down on a coin that is very different and could easily fail.
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TrollboxChamp
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April 20, 2014, 12:08:32 PM |
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Vote on Mintpal Every Hour!!! its going up fast.
Have been and will continue to.
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silencesilence
Legendary
Offline
Activity: 1120
Merit: 1000
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April 20, 2014, 12:12:07 PM |
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Vote on Mintpal Every Hour!!! its going up fast.
Have been and will continue to. +1 I see new people who want to bring down the price just tell them - Hello
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TrollboxChamp
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April 20, 2014, 12:17:21 PM |
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Vote on Mintpal Every Hour!!! its going up fast.
Have been and will continue to. +1 I see new people who want to bring down the price just tell them - Hello Yeah. Screw them. Just jealous.
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aulonocara
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April 20, 2014, 12:18:12 PM |
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It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success.
I think the success of BlackCoin proves that copycats can enjoy success?
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TrollboxChamp
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April 20, 2014, 12:20:43 PM |
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It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success.
I think the success of BlackCoin proves that copycats can enjoy success? He wants to think only his coin can succeed.
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icess
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April 20, 2014, 12:21:34 PM |
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****Notice: this coin has no IPO, no Premin, please consider to donate some AC or BTC to support the Dev team.****
- Please donate to further developement and promotion
- BTC:1EgsXZzaPxiiMZAAGbrwguycCkHbUA6Upc
- AC:AJ4YYhPBYKVt3ksuMs5RQdKvnZyopgkG6j
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mr_random
Legendary
Offline
Activity: 1330
Merit: 1001
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April 20, 2014, 12:25:24 PM |
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It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success.
I think the success of BlackCoin proves that copycats can enjoy success? Was you around when these waves of coins were released? - We saw this with DOGE coin and coins trying to be memes - We saw this with the IPO wave of coins - Then we had a wave of "country" coins It's extremely obvious the same thing is now happening with 100% POS coins after the continued success of Blackcoin. Btw Asiacoin is one of the bext clones IMO. But I would still be extremely wary of investing. I've made a LOT out of blackcoin and could easily put 5% of my profits into one of these many clones but I see only the same thing happening as with the previous "waves" of copycats I list above. Best case scenario is they make *some* profit but nowhere near the same as Blackcoin. Worse case scenario is all these coins get drowned out in the sea of new POS stakes and crash and burn after the initial hype. Since we've seen the worst case scenario play out three times already on the past few "coins of the month", I see the same happening again.
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firedoner
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April 20, 2014, 12:30:55 PM |
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If you want to read something that makes sense read below. The problem Asiacoin faces is that after the massive continued success of Blackcoin there is a flood of POS coins on the market.
FAC, COMM, WC, AC, others... and MINT and FLT.
All promising to be the "next blackcoin". The boat has gone. Within a week there will be half a dozen more clones flooded onto the market.
It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success. It wouldn't make sense if all those coins I listed broke into the top 10 coinmarketcaps. Most are premined with coins for the dev anyway, which is death sentence for long term growth.
You'll notice a pattern in this community, a new coin comes along that gets success and then a flood of clones try to cash in on it.
- We saw this with DOGE coin and coins trying to be memes - We saw this with the IPO wave of coins - Then we had a wave of "country" coins - Now the new flavour of the month is 100% POS coins
I honestly think a lot of people are going to get burned if they don't do their research. Either, pick the market leader (for 100% pos it's blackcoin, for meme coins its doge etc) or wait until the next new thing comes along and invest in that. Problem is the next new thing is risky, so you have to be willing to slap your bitcoins down on a coin that is very different and could easily fail.
I thought blackcoin only had 2% proof of stake in first year and defo not 100% stake first year.... asiacoin is only continental coin out there, and is only 100% proof of stake ive seen with few exceptions... or am i wrong? you have very good points though thanks for sharing
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mr_random
Legendary
Offline
Activity: 1330
Merit: 1001
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April 20, 2014, 12:41:44 PM |
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If you want to read something that makes sense read below. The problem Asiacoin faces is that after the massive continued success of Blackcoin there is a flood of POS coins on the market.
FAC, COMM, WC, AC, others... and MINT and FLT.
All promising to be the "next blackcoin". The boat has gone. Within a week there will be half a dozen more clones flooded onto the market.
It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success. It wouldn't make sense if all those coins I listed broke into the top 10 coinmarketcaps. Most are premined with coins for the dev anyway, which is death sentence for long term growth.
You'll notice a pattern in this community, a new coin comes along that gets success and then a flood of clones try to cash in on it.
- We saw this with DOGE coin and coins trying to be memes - We saw this with the IPO wave of coins - Then we had a wave of "country" coins - Now the new flavour of the month is 100% POS coins
I honestly think a lot of people are going to get burned if they don't do their research. Either, pick the market leader (for 100% pos it's blackcoin, for meme coins its doge etc) or wait until the next new thing comes along and invest in that. Problem is the next new thing is risky, so you have to be willing to slap your bitcoins down on a coin that is very different and could easily fail.
I thought blackcoin only had 2% proof of stake in first year and defo not 100% stake first year.... asiacoin is only continental coin out there, and is only 100% proof of stake ive seen with few exceptions... or am i wrong? you have very good points though thanks for sharing Blackcoin is 100% proof of stake (and about 5-6 clones have sprung up in the last week). The rate of interest is 1%. Low rate of interest is a good thing btw. Look at MINT with it's 20% rate of interest. If you woke up tomorrow and found your wallet had increased by 20% most people would cash some of that free money in for profit... I know I would. Which is downwards pressure on the price. "Asia" is just a name. By country coins I meant the coins like Aurura which "air dropped" all the coins to all the people in the country. Asiacoin isn't an air drop coin. I wish everyone here the best.
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firedoner
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April 20, 2014, 12:57:57 PM |
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If you want to read something that makes sense read below. The problem Asiacoin faces is that after the massive continued success of Blackcoin there is a flood of POS coins on the market.
FAC, COMM, WC, AC, others... and MINT and FLT.
All promising to be the "next blackcoin". The boat has gone. Within a week there will be half a dozen more clones flooded onto the market.
It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success. It wouldn't make sense if all those coins I listed broke into the top 10 coinmarketcaps. Most are premined with coins for the dev anyway, which is death sentence for long term growth.
You'll notice a pattern in this community, a new coin comes along that gets success and then a flood of clones try to cash in on it.
- We saw this with DOGE coin and coins trying to be memes - We saw this with the IPO wave of coins - Then we had a wave of "country" coins - Now the new flavour of the month is 100% POS coins
I honestly think a lot of people are going to get burned if they don't do their research. Either, pick the market leader (for 100% pos it's blackcoin, for meme coins its doge etc) or wait until the next new thing comes along and invest in that. Problem is the next new thing is risky, so you have to be willing to slap your bitcoins down on a coin that is very different and could easily fail.
I thought blackcoin only had 2% proof of stake in first year and defo not 100% stake first year.... asiacoin is only continental coin out there, and is only 100% proof of stake ive seen with few exceptions... or am i wrong? you have very good points though thanks for sharing Blackcoin is 100% proof of stake (and about 5-6 clones have sprung up in the last week). The rate of interest is 1%. Low rate of interest is a good thing btw. Look at MINT with it's 20% rate of interest. If you woke up tomorrow and found your wallet had increased by 20% most people would cash some of that free money in for profit... I know I would. Which is downwards pressure on the price. "Asia" is just a name. By country coins I meant the coins like Aurura which "air dropped" all the coins to all the people in the country. Asiacoin isn't an air drop coin. I wish everyone here the best. i see yes less stake interest is more stable, and i fully see where you are coming from thanks dude
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TrollboxChamp
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April 20, 2014, 01:01:17 PM |
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Lets get some more buy-pressure. Keep spreading the word.
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TR8888
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April 20, 2014, 01:14:32 PM |
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Vote on Mintpal Every Hour!!! its going up fast.
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aulonocara
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April 20, 2014, 01:21:25 PM |
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It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success.
I think the success of BlackCoin proves that copycats can enjoy success? Was you around when these waves of coins were released? - We saw this with DOGE coin and coins trying to be memes - We saw this with the IPO wave of coins - Then we had a wave of "country" coins It's extremely obvious the same thing is now happening with 100% POS coins after the continued success of Blackcoin. Btw Asiacoin is one of the bext clones IMO. But I would still be extremely wary of investing. I've made a LOT out of blackcoin and could easily put 5% of my profits into one of these many clones but I see only the same thing happening as with the previous "waves" of copycats I list above. Best case scenario is they make *some* profit but nowhere near the same as Blackcoin. Worse case scenario is all these coins get drowned out in the sea of new POS stakes and crash and burn after the initial hype. Since we've seen the worst case scenario play out three times already on the past few "coins of the month", I see the same happening again. I think you missed the point - BlackCoin itself was a low grade copycat. You seem to keep glossing over that fact.
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TrollboxChamp
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April 20, 2014, 01:26:38 PM |
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Keep voting were doing great.
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dukas93
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April 20, 2014, 01:40:49 PM |
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Who the hell own blackcoin and what is she or he doing here !?
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TrollboxChamp
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April 20, 2014, 02:04:12 PM |
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Who the hell own blackcoin and what is she or he doing here !?
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TrollboxChamp
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April 20, 2014, 02:24:41 PM |
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We need to choose one exchange.
Splitting between bittrex and polo is messing us up.
Its literally a 50/50 split. so silly...
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drmadcat
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April 20, 2014, 02:27:03 PM |
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Just got lucky on xhash.net
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