[ANN][AC]AsiaCoin - Relaunch

[mr_random]

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.

[TrollboxChamp]

Vote on Mintpal Every Hour!!! its going up fast.

Have been and will continue to.

[silencesilence]

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

[TrollboxChamp]

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.

[aulonocara]

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?

[TrollboxChamp]

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.

[icess]

****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

 

[mr_random]

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.

[TrollboxChamp]

https://bitcointalk.org/index.php?topic=577640.0 Come post and show your support.


PS Go look at guy above me previous posts

https://bitcointalk.org/index.php?action=profile;u=82915;sa=showPosts All he does is bash everycoin except blackcoin (what a loser blackcoin fan boy)

[firedoner]

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

[mr_random]

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.

[firedoner]

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

[TrollboxChamp]

Lets get some more buy-pressure. Keep spreading the word.

[TR8888]

Vote on Mintpal Every Hour!!! its going up fast.

[aulonocara]

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.

[TrollboxChamp]

Keep voting were doing great.

[dukas93]

Who the hell own blackcoin and what is she or he doing here !?

[TrollboxChamp]

Who the hell own blackcoin and what is she or he doing here !?

 

[TrollboxChamp]

We need to choose one exchange.

Splitting between bittrex and polo is messing us up.

Its literally a 50/50 split. so silly...

[drmadcat]

Just got lucky on xhash.net