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Wolffish
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May 23, 2014, 08:28:32 AM |
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Conversely, the entire order book of buys on mint could be cleaned out sending you to essentially 0 with around 10BTC worth of coins. This coin has less trading depth than a puddle.
I would seriously, SERIOUSLY council people to take this into consideration when making risk assessments about investing.
There is no depth at all. Huge exposure. The price is not an accurate indicator anymore, because the market can barely absorb anything without massive swings in either direction.
This isn't FUD, it's simple due diligence.
Thanks for pointing to that danger!! ps. If dev gonna delete this post, put it to unmoderated sync thread. |
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Loreto
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Activity: 112
Merit: 10
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May 23, 2014, 08:33:32 AM |
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now lower, 28-30, all rigs are ok and mining |
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leptoon
Member
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Activity: 210
Merit: 10
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May 23, 2014, 08:34:46 AM |
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Wait for good buy time ~  i shouldn't if I were you.. we've already hit the bottom. I agree 0.4 is the lowest you will likely see. Look at the market cap how low it is and then look at the community, hashrate, dev, mintpal listing, volume... and on and on. Once the last of the weak hands sell their coins in the next day or so there will be no reason not to hit 1.5-2 BTC in short order. Probably this weekend. Already been at nearly those prices even with mining going on. Was over 1 BTC even 36 hours ago with full on mining still going and 20% more coins per day. Amazing. So now that mining is over.. price is free to climb once it feels safe to do so. I am ready to buy a nice stack once I see the price start to move freely up. Actually I see no resistance at all between 0.4-0.6 still on Bittrex and Mintpal. There is only 0.38 BTC in sell walls to 0.61 on Bittrex. What does that tell you  ? Conversely, the entire order book of buys on mint could be cleaned out sending you to essentially 0 with around 10BTC worth of coins. This coin has less trading depth than a puddle. I would seriously, SERIOUSLY council people to take this into consideration when making risk assessments about investing. There is no depth at all. Huge exposure. The price is not an accurate indicator anymore, because the market can barely absorb anything without massive swings in either direction. This isn't FUD, it's simple due diligence. You may have a point, but there's no way a good pump won't send this coins price through the roof before the price drops and never recovers. Being as deep as a puddle can go both ways, you know. |
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uygar2580
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May 23, 2014, 08:42:29 AM |
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Trade working on mintpal.
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Loreto
Member
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Activity: 112
Merit: 10
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May 23, 2014, 08:46:32 AM |
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now lower, 28-30, all rigs are ok and mining |
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kopam
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May 23, 2014, 08:48:41 AM |
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We will have a working pool in no time, then the coin will proceed as usual, nothing to worry about |
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leptoon
Member
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Activity: 210
Merit: 10
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May 23, 2014, 08:59:08 AM |
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I just had a thought. Correct me if I'm wrong, but I think PoS blocks aren't generating because there is no PoS. All 1,000 coins were mined during PoW so there's nothing left to stake.
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btctradingonline
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May 23, 2014, 09:00:53 AM |
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when does Dev fix blockchain ? my transaction spend 4 hours for 2 confirmations.
I've just updated wallet and done as Post 1, my Sync wallet in out of sync with 8 connections
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loljosh
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May 23, 2014, 09:03:39 AM |
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I just had a thought. Correct me if I'm wrong, but I think PoS blocks aren't generating because there is no PoS. All 1,000 coins were mined during PoW so there's nothing left to stake.
You are wrong. There are total 10k coins. 1000 for PoW and rest for PoS. when does Dev fix blockchain ? my transaction spend 4 hours for 2 confirmations.
I've just updated wallet and done as Post 1, my Sync wallet in out of sync with 8 connections
Kindly wait for few time. There is no pool operator available right now. |
Any fool can write code that a computer can understand. Good programmers write code that humans can understand.
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leptoon
Member
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Activity: 210
Merit: 10
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May 23, 2014, 09:07:18 AM |
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I just had a thought. Correct me if I'm wrong, but I think PoS blocks aren't generating because there is no PoS. All 1,000 coins were mined during PoW so there's nothing left to stake.
You are wrong. There are total 10k coins. 1000 for PoW and rest for PoS. That isn't indicated in the OP at all... Total Coins: 1,000. No where does it say anything about another 9,000 for PoS. |
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jiwany
Member
Offline
Activity: 102
Merit: 10
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May 23, 2014, 09:08:55 AM |
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when does Dev fix blockchain ? my transaction spend 4 hours for 2 confirmations.
I've just updated wallet and done as Post 1, my Sync wallet in out of sync with 8 connections
did you setup the Sync.conf file in %Appdata%\Sync? |
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darthburnstuff
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May 23, 2014, 09:09:31 AM |
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So should the new wallet I installed be able to sync or does something have to be fixed before that happens?
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jiwany
Member
Offline
Activity: 102
Merit: 10
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May 23, 2014, 09:11:12 AM |
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I just had a thought. Correct me if I'm wrong, but I think PoS blocks aren't generating because there is no PoS. All 1,000 coins were mined during PoW so there's nothing left to stake.
You are wrong. There are total 10k coins. 1000 for PoW and rest for PoS. That isn't indicated in the OP at all... Total Coins: 1,000. No where does it say anything about another 9,000 for PoS. at 1% pa it will take a really long time to get to mine all 9000 even if everyone holds and stakes, which they won't so it will take a really long time. It has been discussed in the thread already. |
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Matni
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May 23, 2014, 09:17:07 AM |
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I just had a thought. Correct me if I'm wrong, but I think PoS blocks aren't generating because there is no PoS. All 1,000 coins were mined during PoW so there's nothing left to stake.
You are wrong. There are total 10k coins. 1000 for PoW and rest for PoS. That isn't indicated in the OP at all... Total Coins: 1,000. No where does it say anything about another 9,000 for PoS. at 1% pa it will take a really long time to get to mine all 9000 even if everyone holds and stakes, which they won't so it will take a really long time. It has been discussed in the thread already. If all 1000 coins sit in wallets staking it will take 235 years to cap out at 10k. |
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loljosh
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May 23, 2014, 09:19:02 AM |
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I just had a thought. Correct me if I'm wrong, but I think PoS blocks aren't generating because there is no PoS. All 1,000 coins were mined during PoW so there's nothing left to stake.
You are wrong. There are total 10k coins. 1000 for PoW and rest for PoS. That isn't indicated in the OP at all... Total Coins: 1,000. No where does it say anything about another 9,000 for PoS. Total PoW coins and Maximum coin. There is a big difference. Kindly read the code if you have any confusion. |
Any fool can write code that a computer can understand. Good programmers write code that humans can understand.
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bspus
Legendary
Offline
Activity: 2165
Merit: 1002
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May 23, 2014, 09:19:05 AM |
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I have the latest wallet, conf file in appdata named sync.conf and a few coins for over 12 hrs sitting in my wallet
How come I still cant sync wallet and not mature coins staking?
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Loreto
Member
Offline
Activity: 112
Merit: 10
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May 23, 2014, 09:23:06 AM |
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now lower, 28-30, all rigs are ok and mining |
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btctradingonline
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May 23, 2014, 09:28:13 AM |
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when does Dev fix blockchain ? my transaction spend 4 hours for 2 confirmations.
I've just updated wallet and done as Post 1, my Sync wallet in out of sync with 8 connections
did you setup the Sync.conf file in %Appdata%\Sync? I did , but nothing changes |
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........Finally C is .........
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