[ANN][MIN] Minerals - POS | Developing own anon solution |

[Coinler]

All I'm seeing is Coinler a bit disillusioned with the devs being hesitant allowing a 3rd party anon developer on the team at this stage,
and dumping his 300k coins. There really isn't any need to panic , its just one person exiting his position. which means more cheap Minerals for the rest of us,
anything under 2k is cheap imo.

As previously quoted the dev said he's interested in Anon , but is not a priority until after the website.
A basic Anon Functionality can easily be incorporated into the website anyways, similar to cloaking via exchanges.

I don't mind paying the bill for anon implementation myself.

Oh and reminder to keep voting , would love to see minerals on mintpal , and not have to buy on bittrex.

guess what. they couldve just communicated that to me. i have received 0 communication whatsoever. and that is bad sign for me as an investor. there was never any mention of hesitation to allow a 3rd party dev to assist via private community hire. in fact minerals dev earlier on supported the idea publicly and never published anything to suggest the contrary.

i know the dev says he's interested. but if he was more than interested we wouldnt have a bunch of investors losing confidence since the 2k. i read the market to be losing interest and so moves needed to be made to instill investor confidence. announcing anon to be implemented officially i believe wouldve easily accomplished that and pushed the price up again for another wave pushing more coin up over 2k. this is trading, marketing and investment strategy.

i dont care who does the anon. our dev, or another dev. as long as it gets done and is put into the project pipeline officially. and that's what i was asking for only. and showed that funding for this implementation could be raised rather easily from the community. all of it is a good show for onlooking investors. declining to comment affirmatively in a sense.. let them down.

finally.. no that wasnt and hasnt been me exiting. i dumped a few coins to pull out profit to re-invest just in case the price goes lower. it is committed to reinvesting in minerals if community developments take a direction i think will strengthen the coin's foundation. just a few thousand min around 1.9 and 1.5 marks. so i dont know how you came to your figures. what you're seeing and have been seeing since 2k is investors losing patience and confidence due to lack of communication. and me trying to provide a direction that will keep the price afloat. failing that any further investment and reinvestment will have to depend on my reading of the markets and community developments. i still hold some min. and wish well for the coin. nor do i wish to see it fail. but my involvement will need to be reserved if im going to be working with people who think im their rival.

[raidan]

Np Coinler , thanks for clarification , it just looked that way , was is all i was saying,

And yeah i too wish the devs would get off their butts, and address the marketing side of things, as i have serious gaming investors lined up and ready to go.

[MinermanNC]

The MIN dev has been illusive from the start. He is also a man of few words. His post have been on topic, short and sweet and to the point. To expect him to Pm everyone on every idea or suggestion just wont happen. I'm sure he sees the market and I'm sure that's NOT his primary concern right now, no pre mine, no fees in his pool, all mining there given back, fair distribution and on and on, I think his goal and vision for this coin isn't about making a quick buck, actually more of the opposite. Lets just trust for now he is hard at it, maybe without distractions from the thread/community. He gave us a priority choice we all see the results so that's probably what he is doing. And he may have a real job all day like most of us

For the record, even if I never make another dime on MIN, I have already made more in 4 days of mining X11 MIN than all other X11 coins combined over the last few months. So who's complaining? lol It all good here and I'm still holding over 50% of my mined coins. even If they fall to 1 satoshi I'm still in the black on MIN.

PS: Min inching back up on buttrax  

[Coinler]

Np Coinler , thanks for clarification , it just looked that was is all i was saying

this is my reason. i saw a need for more community activity and direction based on this graph.



the next question is what happens if say when e-sports goes into play.. and a player bets 100,000 and win 5x on a bet. where they want to liquidate some 100k or more coins of their freely won coins on the market instantly to take profit. what would happen to such a thin buy book? can we count on winners to be patient? i think volume is just too low for e-sports atm.

[pscb]

Everyone selling cheap has made fudgamblers happier (necessary sometimes if bills need to be payed)... As the're playing the game of <buy on ann>, <sell on news> on small enhancements or, then <tank on fud> !

I'd rather see some exponential charts aka long term, well marketed projects, rather than sinusoid charts based aka hype fast up, fast down...

[raidan]

I have extensive background in gaming and betting , sure the winners may cash out , and the losers may top up , it all balances out there. that shouldn't affect market price.
Also people tend to hold their bankroll.

In regards to the chart , nothing new there in crypto. As you have pointed out the market is uncertain at the moment and confidence is down. It was in a bubble at 3k , it is now oversold.

[pscb]

Np Coinler , thanks for clarification , it just looked that was is all i was saying

the next question is what happens if say when e-sports goes into play.. and a player bets 100,000 and win 5x on a bet. where they want to liquidate some 100k or more coins of their freely won coins on the market instantly to take profit. what would happen to such a thin buy book? can we count on winners to be patient? i think volume is just too low for e-sports atm.

Nice question.

Could we imagine some kind of separate rewarded staking for coins being gambled.. sounds bit complicated though..

[Coinler]

Everyone selling cheap has made fudgamblers happier (necessary sometimes if bills need to be payed)... As the're playing the game of <buy on ann>, <sell on news> on small enhancements or, then <tank on fud> !

I'd rather see some exponential charts aka long term, well marketed projects, rather than sinusoid charts based aka hype fast up, fast down...

yeah i just think it couldve been prevented. that graph looks bad and the sell book is twice as thick going up now as it ever was. that means more resistance back to 2k and beyond the longer it stays at these levels. u need to do these things sometimes. updates etc a boost in investor confidence. dont just leave the market in a freefall. but whatever.. ill play the ropes. i swear this wouldve been stopped this evening and we'd be back at 19k and over now with just one simple update and announcement.

[pscb]

Trying to maintain a bubble is just...

[Coinler]

Trying to maintain a bubble is just...

well it depends on your value for the coin.

if 2k is a bubble then this coin is really only worth what??

no.. with anon.. 30k would be a bubble. 10k would be a floor. you'd be surprised about the amount of people(large investors) who do not want you to know how much money they have when they pay you for something. that is the purpose of anon transactions. ill be wrapping up my own model of anon soon.

[powersup]

Np Coinler , thanks for clarification , it just looked that was is all i was saying

the next question is what happens if say when e-sports goes into play.. and a player bets 100,000 and win 5x on a bet. where they want to liquidate some 100k or more coins of their freely won coins on the market instantly to take profit. what would happen to such a thin buy book? can we count on winners to be patient? i think volume is just too low for e-sports atm.

Nice question.

Could we imagine some kind of separate rewarded staking for coins being gambled.. sounds bit complicated though..

Its a given the betting site will need liquidity to payout winners.  there is two options, firstly limit max bets and betting odds.  Second is to get liquidity though selling shares in the site.  I believe second option is more favorable and I would happily invest in this venture.

[jc12345]

All we need is the dev to be more active with more updates on progress and so on.

[pscb]

Trying to maintain a bubble is just...

well it depends on your value for the coin.

if 2k is a bubble then this coin is really only worth what??

no.. with anon.. 30k would be a bubble. 10k would be a floor. you'd be surprised about the amount of people(large investors) who do not want you to know how much money they have when they pay you for something. that is the purpose of anon transactions. ill be wrapping up my own model of anon soon.

I didn't say anonymity was unnecessary, but I think that trying to maintain a bubble is just irrelevant, as dumpers would dump whatever the news.. and weak hands would follow as well.
but it will normally go up again, when time comes to demonstrate its real price.
People who sold might have kept faith a little longer before selling their whole stash.

We must keep in mind that anonymity will be mainstream in a near future.. and when altcoin market will be developed enough to embrace online payments, then everybody will have it already. so all the efforts might be short term only, so as the price.

2k price is based on community, dev of course and ann of future gaming 'protocol', which is pretty much a good price as compared to other community coins, and as we are still in staging phase for technological differentiation.

[Coinler]

Trying to maintain a bubble is just...

well it depends on your value for the coin.

if 2k is a bubble then this coin is really only worth what??

no.. with anon.. 30k would be a bubble. 10k would be a floor. you'd be surprised about the amount of people(large investors) who do not want you to know how much money they have when they pay you for something. that is the purpose of anon transactions. ill be wrapping up my own model of anon soon.

I didn't say anonymity was unnecessary, but I think that trying to maintain a bubble is just irrelevant, as dumpers would dump whatever the news.. and weak hands would follow as well.
but it will normally go up again, when time comes to demonstrate its real price.
People who sold might have kept faith a little longer before selling their whole stash.

We must keep in mind that anonymity will be mainstream in a near future.. and when altcoin market will be developed enough to embrace online payments, then everybody will have it already. so all the efforts might be short term only, so as the price.

2k price is based on community, dev of course and ann of future gaming 'protocol', which is pretty much a good price as compared to other community coins, and as we are still in staging phase for technological differentiation.

my point being i do not view 2k as a bubble. are u saying 2k is the roof of this coin and it is now dead? lol you do know that we touched 5k on bittrex and 10k on poloniex. meaning that investors are willing to pay that price for the coin. man i can see we are in trusted hands listening to guys with such pessimistic viewpoints. u must be one of the craftiest trolls here on btct.

[kozmos]

Any idea what would happen if this guy will pull his orders off?

[raidan]

Any idea what would happen if this guy will pull his orders off?

Pretty meaningless its only .5 btc

[kozmos]

Any idea what would happen if this guy will pull his orders off?

Pretty meaningless its only .5 btc

Let's hope noobs will notice that too.

I mean they would think people are selling if the other guys above him will pull their orders too to wait for a cheaper price.

[raidan]

And guys don't forget to employ a rescue strategy in a falling market , the usual feeling is to panic sell, however by buying in at the lower price , you lower your effective buy in point. So as the market goes down , you keep microbuying with it. Then when the price rises you only need a small rise to be in a profitable situation.

The opposite goes for a rising market , usually people want to get in on a rising market , so they buy only to have the price go down on them.

This is what pro traders do to make a profit in a falling market..

summarise today's trading tip , which may help some people.

Falling market , microbuy as the market goes down. Lowering your overall cost per unit. Rising market microsell to release profits slowly.

Cheers thats it for me today  

[powersup]

And guys don't forget to employ a rescue strategy in a falling market , the usual feeling is to panic sell, however by buying in at the lower price , you lower your effective buy in point. So as the market goes down , you keep microbuying with it. Then when the price rises you only need a small rise to be in a profitable situation.

The opposite goes for a rising market , usually people want to get in on a rising market , so they buy only to have the price go down on them.

This is what pro traders do to make a profit in a falling market..

summarise today's trading tip , which may help some people.

Falling market , microbuy as the market goes down. Lowering your overall cost per unit. Rising market microsell to release profits slowly.

Cheers thats it for me today  

Great tip, +1.

[grolll]

https://www.mintpal.com/voting#MIN