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sonysasankan (OP)
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July 30, 2014, 11:21:08 AM |
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I should also add that the devs are all ineligible for the Rewards Program. What that means is none of the coins of ALL the dev wallets are counted. With a coin supply of approximately 360 mil, that makes every millionaire super valuable  Can someone answer the following question for me in all seriousness?
This community seems to be impressive - devs all the way down to loyal supporters. So why is there such tiny volume being traded? Its like the crypto world doesn't want to touch Pink. No pun intended.
There's a lot of little answers to this very big question, and I'm not completely sure what the answer is. I think the first issue is that people in crypto look at pinkcoin, but for whatever reason don't actually take an interest in it. Some have an aversion to it being a color coin and in the male dominated world of altcoins, being 'pink' doesn't help with explosive adoption either. As altcoins go, it's too old for the pump & dumpers, but still young for the long term investor whales. It didn't have an explosion of popularity at launch, or relaunch, so the community has grown from the people that have stumbled onto it and given it a chance. Second, what is the first thing that most people do if they're curious about a coin? They google it! Unfortunately the first google result for pinkcoin is the original, locked thread created by the original dev who abandoned it. So for most the very first thing interested parties are greeted with when they look into it is the ashes the pinkcoin phoenix was born from. I think this has actually worked in its favor to some degree, because the community that has developed is passionate, kindhearted, generous, intelligent, and persistent, frankly making it not all that attractive to the trolls and scammers and pump & dump whales that try to manipulate its market and community. Pinkcoin's volume HAS grown in consistency since the explosion of new interest at the World Series of Poker about three weeks ago. As a result, while a month ago volume was in the 1-5 btc range, now it's steadily found in the 10-20 btc range. The coins available for sale has dropped almost 70% with the rewards program announced today, leaving little opportunity for whales to take part in the program without pushing the price up above the psychological barrier of 100 satoshis. I have no idea what's going to happen, but I can say that, right now on bittrex, there is buy orders for 7 million coins above 80 satoshis, only 4 million coins available for sale below 167 satoshis, and you need at least a million coins to participate in the new rewards program. Hmm. B O O M ! !
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BEECoinfan
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July 30, 2014, 12:46:16 PM |
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B O O M ! ! Awesome, you guys just keep dropping bombs! |
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sumgye
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July 30, 2014, 01:18:32 PM |
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B O O M ! ! Awesome, you guys just keep dropping bombs! Working on pink is addictive and habit forming. I mentioned to boxxa the other day that we have bombs that fell down the back of the sofa and forgot about. There's just so much. |
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sonysasankan (OP)
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July 30, 2014, 01:40:56 PM |
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Working on pink is addictive and habit forming. I mentioned to boxxa the other day that we have bombs that fell down the back of the sofa and forgot about. There's just so much.
Them granades just roll out from under dusty cupboards too  |
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btcbibi
Newbie
 Offline
Activity: 25
Merit: 0
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July 30, 2014, 01:49:55 PM |
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why not 1000S
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boxxa
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July 30, 2014, 02:01:39 PM |
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B O O M ! ! Awesome, you guys just keep dropping bombs! Working on pink is addictive and habit forming. I mentioned to boxxa the other day that we have bombs that fell down the back of the sofa and forgot about. There's just so much. Ya ever since I started working on Pinkcoin, I find a lot of nights saying "Oh shit its 4am." just getting buried in stuff to work on and being motivated to finish it. Mostly why my releases come out at 3am EST after hours of coding. Can someone answer the following question for me in all seriousness?
This community seems to be impressive - devs all the way down to loyal supporters. So why is there such tiny volume being traded? Its like the crypto world doesn't want to touch Pink. No pun intended.
There's a lot of little answers to this very big question, and I'm not completely sure what the answer is. I think the first issue is that people in crypto look at pinkcoin, but for whatever reason don't actually take an interest in it. Some have an aversion to it being a color coin and in the male dominated world of altcoins, being 'pink' doesn't help with explosive adoption either. As altcoins go, it's too old for the pump & dumpers, but still young for the long term investor whales. It didn't have an explosion of popularity at launch, or relaunch, so the community has grown from the people that have stumbled onto it and given it a chance. Second, what is the first thing that most people do if they're curious about a coin? They google it! Unfortunately the first google result for pinkcoin is the original, locked thread created by the original dev who abandoned it. So for most the very first thing interested parties are greeted with when they look into it is the ashes the pinkcoin phoenix was born from. I think this has actually worked in its favor to some degree, because the community that has developed is passionate, kindhearted, generous, intelligent, and persistent, frankly making it not all that attractive to the trolls and scammers and pump & dump whales that try to manipulate its market and community. Pinkcoin's volume HAS grown in consistency since the explosion of new interest at the World Series of Poker about three weeks ago. As a result, while a month ago volume was in the 1-5 btc range, now it's steadily found in the 10-20 btc range. The coins available for sale has dropped almost 70% with the rewards program announced today, leaving little opportunity for whales to take part in the program without pushing the price up above the psychological barrier of 100 satoshis. I have no idea what's going to happen, but I can say that, right now on bittrex, there is buy orders for 7 million coins above 80 satoshis, only 4 million coins available for sale below 167 satoshis, and you need at least a million coins to participate in the new rewards program. Hmm. This is good. You are correct with the Bitcoin talk thread. I tweet about this and realyl wish Bitcointalk had a policy to delete old threads. This is not only damaging to products but also to users who are looking for new coins and could potentially download a bad client that is on the incorrect chain or could be malware if a old dev went rouge. We are slowly growing. Our floor keeps moving up each week with our innovation. We also have attention from the big finance guys in the crypto market. We are growing. I bought in at 30sats at teh end of May, and now the coin is worth 90 sats on average so we are seeing solid growth with 200% over the course of 2 months. Not a bad return. We are looking for real world adoption so we don't swing up 1000% and then crash the next day which for a lot of altcoin investors who want quick profit, they typically are turned off by this as well. With all the people getting burned by other coins, I would expect a flow of BTC back into a few coins that have proven to be stable and people looking to buy and hold and not day trade swings. Millionaire program works as well as we are encouraging people to pull off exchanges and hold =) |
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sumgye
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July 30, 2014, 02:26:55 PM |
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why not 1000S
Because people still need to book time off work and have their travel arrangements in order for the epic party being thrown when our market floor is over 1k sats.  |
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boxxa
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July 30, 2014, 02:44:21 PM |
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why not 1000S
Because people still need to book time off work and have their travel arrangements in order for the epic party being thrown when our market floor is over 1k sats. I tweeted yesterday, if it gets to 2000 sats, I will rent a RV and go to every state to thank people for investing in our ideas and project. |
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ymod123
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July 30, 2014, 03:06:01 PM |
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Was this a normal or anon TX? The tx has multiple txs so going to assume its a normal one. You sent 3,000 pink to PGkLRJyz6d8EzVPUAmLcAkaL9yx3oq73FV Is that your wallet on polo? If so, you need to contact them. The transaction is confirmed so may be a quick thing for them. If that is not your polo address let me know. Not yet redeemed just referred to the outputs not being used in another transaction yet, doesn't mean they did not get them. transaction id: 56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156 LOL, what would we do without you. i sent some coins to one address ..my wallet confirmed 64 confirmation ... but i havent receive it yet to a receiving adress... how can i trace it? I already sent before on the recipient address and it went well but this time its been a while i havent receive it yet You sent them to Bittrex? i sent it to Poloneix.. i just check it in pink blockchain i think its not redeem yet.....i dont know how to read it  transaction id: 56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156 yes that my address in POLO they replied to me they said "Are you completely sure this is the correct transaction id? I can't find your Poloniex wallet address on this transaction on the block explorer: http://chainz.cryptoid.info/pc/tx.dws?56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156.htmPlease verify this is the correct transaction id and provide the amount too if you can. Best regards, Johnny Garcia" I COULD SEE MY POLO ADDRESS IN THE BOTTOM |
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boxxa
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July 30, 2014, 03:14:02 PM |
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I will try to reach out to Polo on this to help you. This is the TX in your wallet: http://chainz.cryptoid.info/pc/tx.dws?56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156.htmAnd this is your deposit address in Polo: PGkLRJyz6d8EzVPUAmLcAkaL9yx3oq73FV And you sent 3000 PINK? Was this a normal or anon TX? The tx has multiple txs so going to assume its a normal one. You sent 3,000 pink to PGkLRJyz6d8EzVPUAmLcAkaL9yx3oq73FV Is that your wallet on polo? If so, you need to contact them. The transaction is confirmed so may be a quick thing for them. If that is not your polo address let me know. Not yet redeemed just referred to the outputs not being used in another transaction yet, doesn't mean they did not get them. transaction id: 56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156 LOL, what would we do without you. i sent some coins to one address ..my wallet confirmed 64 confirmation ... but i havent receive it yet to a receiving adress... how can i trace it? I already sent before on the recipient address and it went well but this time its been a while i havent receive it yet You sent them to Bittrex? i sent it to Poloneix.. i just check it in pink blockchain i think its not redeem yet.....i dont know how to read it transaction id: 56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156 yes that my address in POLO they replied to me they said "Are you completely sure this is the correct transaction id? I can't find your Poloniex wallet address on this transaction on the block explorer: http://chainz.cryptoid.info/pc/tx.dws?56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156.htmPlease verify this is the correct transaction id and provide the amount too if you can. Best regards, Johnny Garcia" I COULD SEE MY POLO ADDRESS IN THE BOTTOM |
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ymod123
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July 30, 2014, 03:32:18 PM |
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yes im sure 3000 pc and is the right adress thanks a lot.. I will try to reach out to Polo on this to help you. This is the TX in your wallet: http://chainz.cryptoid.info/pc/tx.dws?56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156.htmAnd this is your deposit address in Polo: PGkLRJyz6d8EzVPUAmLcAkaL9yx3oq73FV And you sent 3000 PINK? Was this a normal or anon TX? The tx has multiple txs so going to assume its a normal one. You sent 3,000 pink to PGkLRJyz6d8EzVPUAmLcAkaL9yx3oq73FV Is that your wallet on polo? If so, you need to contact them. The transaction is confirmed so may be a quick thing for them. If that is not your polo address let me know. Not yet redeemed just referred to the outputs not being used in another transaction yet, doesn't mean they did not get them. transaction id: 56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156 LOL, what would we do without you. i sent some coins to one address ..my wallet confirmed 64 confirmation ... but i havent receive it yet to a receiving adress... how can i trace it? I already sent before on the recipient address and it went well but this time its been a while i havent receive it yet You sent them to Bittrex? i sent it to Poloneix.. i just check it in pink blockchain i think its not redeem yet.....i dont know how to read it transaction id: 56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156 yes that my address in POLO they replied to me they said "Are you completely sure this is the correct transaction id? I can't find your Poloniex wallet address on this transaction on the block explorer: http://chainz.cryptoid.info/pc/tx.dws?56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156.htmPlease verify this is the correct transaction id and provide the amount too if you can. Best regards, Johnny Garcia" I COULD SEE MY POLO ADDRESS IN THE BOTTOM |
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boxxa
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July 30, 2014, 04:08:52 PM |
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Looking more at this, it seems like their wallet is hung. Some users have withdraws as well not making it out around the same time. I have tried to tweet them to see if they can check the status of their Pinkcoin wallet as it may be hung or not running on their system. Your TX is confirmed in the network and sits on their wallet. yes im sure 3000 pc and is the right adress thanks a lot.. I will try to reach out to Polo on this to help you. This is the TX in your wallet: http://chainz.cryptoid.info/pc/tx.dws?56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156.htmAnd this is your deposit address in Polo: PGkLRJyz6d8EzVPUAmLcAkaL9yx3oq73FV And you sent 3000 PINK? Was this a normal or anon TX? The tx has multiple txs so going to assume its a normal one. You sent 3,000 pink to PGkLRJyz6d8EzVPUAmLcAkaL9yx3oq73FV Is that your wallet on polo? If so, you need to contact them. The transaction is confirmed so may be a quick thing for them. If that is not your polo address let me know. Not yet redeemed just referred to the outputs not being used in another transaction yet, doesn't mean they did not get them. transaction id: 56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156 LOL, what would we do without you. i sent some coins to one address ..my wallet confirmed 64 confirmation ... but i havent receive it yet to a receiving adress... how can i trace it? I already sent before on the recipient address and it went well but this time its been a while i havent receive it yet You sent them to Bittrex? i sent it to Poloneix.. i just check it in pink blockchain i think its not redeem yet.....i dont know how to read it transaction id: 56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156 yes that my address in POLO they replied to me they said "Are you completely sure this is the correct transaction id? I can't find your Poloniex wallet address on this transaction on the block explorer: http://chainz.cryptoid.info/pc/tx.dws?56afcd0170ccd0b8b70df5914e914788b1d8ee2196d30271ac02ae222171e156.htmPlease verify this is the correct transaction id and provide the amount too if you can. Best regards, Johnny Garcia" I COULD SEE MY POLO ADDRESS IN THE BOTTOM |
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ymod123
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July 30, 2014, 04:17:15 PM |
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Thank you very much BOxxa |
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boxxa
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July 30, 2014, 04:30:12 PM |
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I tweeted a warning out. Sorry there is nothing we can do but coins in and out seem to be getting stuck. Hopefully they have an admin see that and can look at the wallet. It seems that there is more than just PINK affected by this.
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(oYo)
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July 30, 2014, 04:48:49 PM |
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I tweeted yesterday, if it gets to 2000 sats, I will rent a RV and go to every state to thank people for investing in our ideas and project.
This would be an EPIC journey! |
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boxxa
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July 30, 2014, 06:03:35 PM |
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I tweeted yesterday, if it gets to 2000 sats, I will rent a RV and go to every state to thank people for investing in our ideas and project.
This would be an EPIC journey! Ya it would. With this community it would be pretty epic. Also, would take a photo with everyone I met with PINK and make a web collage of it similar to the million pixel site |
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cryptoholic11
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July 31, 2014, 02:52:47 AM |
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Can some sock puppet accounts create some FUD so my orders under 100 sats can be filled please. Thanks in advance.
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bluewhackadoo
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July 31, 2014, 03:16:33 AM |
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Can some sock puppet accounts create some FUD so my orders under 100 sats can be filled please. Thanks in advance.
It is kind of difficult to understand the Coinking multi-pool setup required to get PINK payouts. FUD! |
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cryptoholic11
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July 31, 2014, 03:24:17 AM |
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Can some sock puppet accounts create some FUD so my orders under 100 sats can be filled please. Thanks in advance.
It is kind of difficult to understand the Coinking multi-pool setup required to get PINK payouts. FUD! |
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sumgye
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July 31, 2014, 04:16:38 AM |
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Good heavens... the market today has been wild. Lets hope another bomb doesn't get dropped, or nobody is going to fill their orders.
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