[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]

[ricellicarvalho]

There is a lot of activity on the markets today - but not so much on Magi, then I realised that there is not much liquidity in the market (On polo only 2000XMG for sale up to 2990sat and and only 10000XMG in demand for upto 2200sat), I'm going to release a bit more BTC/XMG into the XMG market - and its a good opportunity for everybody if you want to place buy or sell orders. There is hardly anything in the 2000-3000 satoshi range

Thanks guys, there is a lot more liquidity in the market now - We now have 24,000 XMG up to 3000sat and 25,000 XMG from 2000sat+ in sell orders. The poloniex market is looking 10 times healthier than this morning

Definitely good news for Magi! Now it would be best to hold on tight onto your XMG coins as this will probably get very interesting in the next days. Magi is finally on Poloniex and it may soon spread to other exchanges once it becomes extremely popular. I have no doubt that it will be the best alt coin yet! Prices have remained relatively stable so that is a good sign that XMG is a safe investment. Just my opinion.  

I agree to hold onto the majority of coins - but its still good to offer a small amount to the exchanges, if there is no Magi for people to buy then the coin will not be so tempting for the large investors. That's why I'm holding 80% of my coin and using the other 20% to the market no matter what the price is  (and with the recent volatility my 20% holding has increased to 30%)

Awesome, there has been a massive spike in XMG - 15BTC have invested in the last 24 hours =) Price just leaped all the way to 5.5K

And, I just noticed that the price of 5,000 is being secured with a wall of 7BTC. Very exciting times for the MagiCoin...

The wall has now increased to 11BTC. That's pretty substantial, I think somebody is prepared to draw a large quantity XMG in before driving a pump, market cap is up to $181,000.

Do you believe that its value tends to increase more in the coming days, because of this wall was placed?

[crackfoo]

Hi,

We've been mining XMG on the miners multipool for a while now: www.zpool.ca

Cheers!

[raphma]

Is there any good reason to this pump? Or is just money injected by devs?
Don't get me wrong, but this is pure manipulation(if there isn't any good reason).

[111magic]

Hi,

We've been mining XMG on the miners multipool for a while now: www.zpool.ca

Cheers!

Welcome to our awesome Magi community!

[111magic]

Is there any good reason to this pump? Or is just money injected by devs?
Don't get me wrong, but this is pure manipulation(if there isn't any good reason).

Think more people joining the awesome Magi community. New wallet release and other developments dev is working on could give Magi a boost. I can tell for sure that dev is not injecting money to raise the value. Dev is injecting a lot of time! But no worries you can ask everything here amigo.

[starmman]

Do you believe that its value tends to increase more in the coming days, because of this wall was placed?

Possibly. Somebody has invested a large amount of BTC into XMG the wall has maybe been put there to protect that investment. I can think of a couple of scenarios

1. The buyer has bought to all coins to 5000 and is holding the wall to protect and sell the previous invesment a profit, assuming more people will be buying seeing the large wall there
2. The buyer has secured the coin to 5000 and wants to increase the price further and is using the wall to stabilise the price before a pump
3. The buyer wants to accrue as much XMG as possible and the wall is used to soak up as much XMG

Questions are. how long will the wall stay in place for? How many people will sell for 5000?

More BTC pressure has been secured behind the buy wall too since earlier. All very interesting developments.

I'll be very interested to see what happens next.

Note: I saw that somebody put a sell of 1.2BTC of magi at around 3000 earlier today, and I think that triggered the large buy and secure order.

[starmman]

Is there any good reason to this pump? Or is just money injected by devs?
Don't get me wrong, but this is pure manipulation(if there isn't any good reason).

Magi is a unique coin with a great community and a lot of people believe in the project. With the new developments of late I think the coin is starting to gain some interest and traction.

As the coin becomes more popular, it becomes more difficult to mine since the block reward reduces as hashrate increases - which makes investment rather than mining a better opportunity for the larger fish.

[ricellicarvalho]

Do you believe that its value tends to increase more in the coming days, because of this wall was placed?

Possibly. Somebody has invested a large amount of BTC into XMG the wall has maybe been put there to protect that investment. I can think of a couple of scenarios

1. The buyer has bought to all coins to 5000 and is holding the wall to protect and sell the previous invesment a profit, assuming more people will be buying seeing the large wall there
2. The buyer has secured the coin to 5000 and wants to increase the price further and is using the wall to stabilise the price before a pump
3. The buyer wants to accrue as much XMG as possible and the wall is used to soak up as much XMG

Questions are. how long will the wall stay in place for? How many people will sell for 5000?

More BTC pressure has been secured behind the buy wall too since earlier. All very interesting developments.

I'll be very interested to see what happens next.

Note: I saw that somebody put a sell of 1.2BTC of magi at around 3000 earlier today, and I think that triggered the large buy and secure order.

Interesting his view, it makes sense. Hopefully that big investors look to it, making it more valuable!

[starmman]

Do you believe that its value tends to increase more in the coming days, because of this wall was placed?

Possibly. Somebody has invested a large amount of BTC into XMG the wall has maybe been put there to protect that investment. I can think of a couple of scenarios

1. The buyer has bought to all coins to 5000 and is holding the wall to protect and sell the previous invesment a profit, assuming more people will be buying seeing the large wall there
2. The buyer has secured the coin to 5000 and wants to increase the price further and is using the wall to stabilise the price before a pump
3. The buyer wants to accrue as much XMG as possible and the wall is used to soak up as much XMG

Questions are. how long will the wall stay in place for? How many people will sell for 5000?

More BTC pressure has been secured behind the buy wall too since earlier. All very interesting developments.

I'll be very interested to see what happens next.

Note: I saw that somebody put a sell of 1.2BTC of magi at around 3000 earlier today, and I think that triggered the large buy and secure order.

Interesting his view, it makes sense. Hopefully that big investors look to it, making it more valuable!

Interesting, 'The Great Wall of Magi' has increased to 5499 and enveloped everything in its path. Lets see where this development leads to...

[bistrobit]

fake pump _fake walls  , walls are gone _lol

[111magic]

Post your walletadress at the 1000xmg post on https://www.facebook.com/CoinMagi/

How many likes Magi needs to hit the 1000 likes?

[starmman]

fake pump _fake walls  , walls are gone _lol

Indeed, very strange - but interesting. There were two massive walls on either side and they vanished into thin air. LOL

[NeuroticFish]

Post your walletadress at the 1000xmg post on https://www.facebook.com/CoinMagi/

How many likes Magi needs to hit the 1000 likes?

it has 939 likes now, so it needs 61 more.

[goldlabel]

Post your walletadress at the 1000xmg post on https://www.facebook.com/CoinMagi/

How many likes Magi needs to hit the 1000 likes?

60 to go

[111magic]

60 likes is not a big task right? Let's go all, only 60 likes and somebody will be the lucky winner. Remember to post your Magi walletaddress!

[mozsi]

fake pump _fake walls  , walls are gone _lol

Indeed, very strange - but interesting. There were two massive walls on either side and they vanished into thin air. LOL

Do you guys know that all this is happening to make others sell at lower prices? At least that's what I'm thinking.

[111magic]

fake pump _fake walls  , walls are gone _lol

Indeed, very strange - but interesting. There were two massive walls on either side and they vanished into thin air. LOL

Do you guys know that all this is happening to make others sell at lower prices? At least that's what I'm thinking.

Strong point Mozsi.
That might be a reason.
I think the best thing for Magi is focus more on developments, new services & marketing.
Magi is a community currency and if we all help with these goals Magi will enter the top 50 for sure!
Magi is on 68 at https://www.coingecko.com/en/coins/magi
So going up!

[The Frisian]

fake pump _fake walls  , walls are gone _lol

Indeed, very strange - but interesting. There were two massive walls on either side and they vanished into thin air. LOL

Do you guys know that all this is happening to make others sell at lower prices? At least that's what I'm thinking.

XMG price and volume were nothing a few weeks ago.
Because of the pumps XMG gets attention and the price and volume stays up.  (from 1300 to 3000)
This works much better than nice pictures, for now.
So pump it up guys and let the coin stay alive!

[joelao95]

fake pump _fake walls  , walls are gone _lol

Indeed, very strange - but interesting. There were two massive walls on either side and they vanished into thin air. LOL

Do you guys know that all this is happening to make others sell at lower prices? At least that's what I'm thinking.

That's does sound strange and interesting, but I don't think that sort of would lead to a lower price since price is getting high per pump. You never know what's behind especially when what's happening is upon what's done by individuals, pump / dump. Frankly I don't like this sharp pump though it does bring attention it may come dump too. It's for sure that I can tell, if one sells at 5k and above, it's no doubt to buy in at this moment, or you have done already; well, if one sold at 2k, then go with some strategies. 

[joelao95]

fake pump _fake walls  , walls are gone _lol

Indeed, very strange - but interesting. There were two massive walls on either side and they vanished into thin air. LOL

Do you guys know that all this is happening to make others sell at lower prices? At least that's what I'm thinking.

XMG price and volume were nothing a few weeks ago.
Because of the pumps XMG gets attention and the price and volume stays up.  (from 1300 to 3000)
This works much better than nice pictures, for now.
So pump it up guys and let the coin stay alive!

Man, we don't need pump to make magi alive; I'll do ; well in part in markets anyways.