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Author Topic: PAYCOIN enters coinmarketcap.com at no.3 spot with 173 Million USD marketcap  (Read 619 times)
klintay
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December 29, 2014, 06:08:15 PM
 #1

not a bad start at all

http://coinmarketcap.com/currencies/paycoin2/

EYE




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December 30, 2014, 01:43:34 AM
 #2

That really surprises me  Shocked
I heard rumors that they are targeting at least for 25$ per Paycoin, so doubling the marketcap. This will be interesting year(?) for crypto.
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December 30, 2014, 03:53:43 AM
 #3

I just started getting into it today - paid .04 per one but I didnt keep the xpy I threw them into a hashtakers



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csharp11
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December 30, 2014, 04:42:38 AM
 #4

Looks like a scam to me. And 3 people are holding more than 30% of the market. They are looking for quick profit - pump n dump. Beware. Looks like a well organized, well backed up scam. I don't think they bought ~ 32 miilion dollars worth each. They are probably the creators. And I dont think that's OK, taking into an account the fact that they sell it at a price, that they defined. Scammers.

https://chainz.cryptoid.info/xpy/#!rich

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lumeire
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December 30, 2014, 08:12:57 AM
 #5

They did opened XPY to big investors prior to public launch, maybe they're those.

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csharp11
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December 30, 2014, 08:24:50 AM
 #6

I don't know but it looks suspicious. Obviously those who created it have money and experience in the field.
They might even be from a mining company. However, in real life, when you create a company you cannot just sell shares for 20$ each. This is defined by the market. Otherwise everyone would open a company with 10000$ with intitian share value of 0.01, then make 20,000% return on investment selling shares at 20$.... People go to jail for 30 years, just for trying to do that.
And here we have the creators of this currency, who probably left the 32% share for themselves. Lets just remember that this currency actually has no value. So right now it's 1.6million * 0. If however it survives they become multi-millionaires out of thin air.
Then when price hits say 100$ - pump and dump and everyone involved gets broke.

EDIT: All 51 Prime Addresses Ungroup   6,885,168.7 XPY    - 55.63 %

So 3 addresses hold ~32%, and just 48 more hold another 19%. So the public holds 44.37%.... You do the math.

BTW Gawminers holds only 50 thousand coins in their wallets. Which is 600,000$ they probably paid cash. How does one get 32 million dollars worth of XPY... One can only wonder.

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December 30, 2014, 09:11:45 AM
 #7

Looks like a scam to me. And 3 people are holding more than 30% of the market. They are looking for quick profit - pump n dump. Beware. Looks like a well organized, well backed up scam. I don't think they bought ~ 32 miilion dollars worth each. They are probably the creators. And I dont think that's OK, taking into an account the fact that they sell it at a price, that they defined. Scammers.

https://chainz.cryptoid.info/xpy/#!rich

Interesting, was unaware of that. luckily I already made my money back on this coin by selling half the coins I got from renting a miner for a few days when it was PoW. Even if this coin is a huge scam, atleast I won't lose anything.
csharp11
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December 30, 2014, 09:40:26 AM
 #8

Good for you, Saul.

Out of shape with big p*nis is better than muscular with tiny pecker. Cheesy
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