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igor107th
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February 13, 2015, 08:26:09 AM |
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i think it wil 100 sat verry soon but wen it is 100 sat and stay its good lol  |
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jc12345
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Activity: 1638
Merit: 1013
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February 13, 2015, 08:33:22 AM |
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If it goes down every day by 50 - 100% won't even starkers be at a loss? At the current rate of dumping that is?
Everything you need to know is in this thread This is a very good coin and pees should hold more.. What are the plans to increase demand? It is one thing to stake lots of coins but another to be able to do something with them like 1)sell, 2)buy something etc. Are there any plans for the future or is it just the ability to stake a lot and see your balance grow and hoping that that is enough for people to want to buy? Well both volume and buy support is dropping fast so we do need some sort of help so it stabilizes..The coin idea is really good but unfortunately in crypto peeps don't have the patience to earn for the longer term, especially on Trex, peeps go in for a few days then out to another coin, which is a shame because if traders were more clever they could be earning heaps from a coin like 10k if they were more sensible.. 10k has already dropped in price by 70% in less than 24 hours so we need some help here. Unfortunately 99% of crypto people are just in it to make money on the short term and there will always be sell pressure. In 99% of coins cases this is what kills a coin. Lots of traders with profit motives and very little incentive to buy. it is a golden thread throughout altcoin crypto. In order for crypto currencies to be widely adopted it needs to have a more stable price. |
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YAdaminer
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February 13, 2015, 08:37:56 AM |
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Hm, hm, last dump was sale arround 2% of total coins which caused 53% price drop. Despite of all good things, holding and staking is not the only thing we need here cause for last 2-3 days price is droping faster than staking can compensate. Also staking of small amounts due to rising staking weight is not atractive in a way that Fred can see growth so for such people and small amounts we need something like staking pool so those ppl who wants to stake with 50, 100, 200 coins can get reward for that.
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hoertest
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February 13, 2015, 09:22:58 AM |
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Its an interesting experiment for shure.
like the cantillon effect on steroids given in the hands of the people instead of the central banks, states and corps.
I would encourage everybody that fears the pricefall will outperform the staking to read up on it.
1 btc resistance to double up and a 20% spread look like a good entry but i'm still making wrong calls as a trader so who knows.
I just love crypto.
Where else are monetary tryouts like this even possible.
thanks dev for setting this up
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claycoins
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February 13, 2015, 09:27:10 AM |
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would be good to see a graph of total coins vs time to see what trend is shaping up for these coin specs
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gkv9
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!!! RiSe aBovE ThE StoRm !!!
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February 13, 2015, 09:55:02 AM |
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This is what all the dumpers wanted, and even me, but not as a dumper, as a trader to buy them this cheap and be able to get in the game with loads of coins I can to stake better than the day before... You guys just carry on, and yes, there's a slight need of some sort of development in order for this coin to sustain, just an opinion to dev... As far as the experiment goes, it had been freakin' awesome and am still in it, hope to hear something big from the dev... Let's get it into use, dev... I previously too advised you to please put it at gorillastake as an option for people to be able to buy the hardware and cloud staking services, it will get 10k into use and also, back into the game... I feel bagholders should meet-up and start an "ONLINE STORE" where people can buy/sell/rent their things or services and the only option to pay/get paid will be 10k coin... How's the idea? |
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fonzerrellie
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Activity: 1190
Merit: 1000
Kaspa
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February 13, 2015, 10:21:37 AM |
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would be good to see a graph of total coins vs time to see what trend is shaping up for these coin specs
exactly  Like Spots has said many times this is an EXPERIMENT!! lol jebus people... he even named it that  what will the price be tomorrow? IDK it's an experiment... people were paying 100's and 100's of sats for doge when they new it was going to have billions upon billions of coins... and that was when btc was 800. US!! People pay how much for xrp and other coins that have billion + coins? so who knows what the future holds, cryptoland is a crazy place. and thats just one of the many things that make this an awesome experiment and learning opportunity  how long will it take for 10k to reach 1 billion coins? can we break a well built and strong pos blockchain? can a pos blockchain be stronger and more reliable than a solid pow coin with huge network difficulty etc excessively wasting electricity ? we're already over 3 million network weight!!! https://www.youtube.com/watch?v=gU0hMfFZqWY |
#Expanse $EXP 500 transactions 4 .1 EXP 1st Clone of ETH
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fonzerrellie
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Kaspa
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February 13, 2015, 10:52:06 AM |
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and a few hours this coin go to 5k...  few days go to 1k .. every day down down down and died  who knows in a year it might be at 25 sats with a network weight in the billions. |
#Expanse $EXP 500 transactions 4 .1 EXP 1st Clone of ETH
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jc12345
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February 13, 2015, 11:21:03 AM
Last edit: February 13, 2015, 11:39:46 AM by jc12345 |
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As has been said, 10K was meant to be an experiment. The dev was able to get valuable data from this to test the staking hardware under extreme conditions and this also adds to the body of knowledge for crypto research in general. In order to create an extreme test condition, the % for staking has to be extremely high to motivate everyone to stake. This worked exceptionally well with a network stake weight in excess of 3m. The guys that got in first well done and they made a lot of money. With such a high % staking, unfortunately, you need a lot of buy support to keep it going. Add to this that most crypto traders want short term profit, the sell pressure is very high and will remain very high.
The incentive to keep on staking is to accumulate more coins, but it seems as if that is the only incentive. That is good and well up to a point because there will be buyers that all want to make a quick buck once their coins staked enough to ROI and at some point the market will run out of steam and out of new buyers and the sells will outpace the buys. This is what we are seeing now with the tilt from more buys than sells to more sells than buys.
The coin has served its purpose and provided the data required. Some people made a lot of money in the process as reward in taking part of the experiment. The dev was very clear that it is an experiment and that he did not plan to release it to the public. IMO the dev does not have to give any long term plans or anything and does not have to explain himself to anyone - the term "experiment" in the title says it all. Any person with a remote understanding of economics and how money supply works will know that there is only one eventual outcome price wise of a coin with such a high stake %, but I dont think that price/profit was the purpose of the coin. Who knows maybe some miracle will happen and an Asian market suddenly buys huge chunks of coins, but that is the risk vs likelihood that you have to weigh up.
Out of this it is clear that although a high stake provides high returns like an adrenaline pump before sprinting 100m, it is not economically sustainable. It does however provide excellent security on the network. Too low a stake compromises security because no-one wants to stake, but makes the coin last longer. What is also clear is the usability plays a big part. A coin with no usability or not backed by real value has very little incentive to hold it. For its purpose though, the coin performed exceptionally well technically and will keep on doing well technically, generating more coins as long as the all the systems are up. I will be very interested to see how high the network weight can go eventually.
Most alt-coin crypto traders are motivated by profit and greed and therefore very few coins will ever make it anywhere.
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meccoin4me
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February 13, 2015, 11:34:38 AM |
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already make my ROI 3 times so the risk is already gone , for now i keep staking till......! , you never know what is going to happen
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jc12345
Legendary
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Activity: 1638
Merit: 1013
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February 13, 2015, 11:53:46 AM |
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already make my ROI 3 times so the risk is already gone , for now i keep staking till......! , you never know what is going to happen
Exactly, now imagine everyone wants to make ROI 3 times. It is impossible. It is in fact the "everyone wants to make ROI 3 times" that pushed the price down. You made your money with a short term view, whereas others with a long term view kept on staking. For every winner there is a loser. Keep on staking as part of the experiment and play your part to get the network stake as high as possible. Maybe there will be some more rewards down the line, maybe not and if it goes to 100 sats is irrelevant. You must remember that crypto traders are ruthless and each guy for himself and as soon as some buy orders come in it will be gobbled up. We have all seen it - buy wall/sell wall manipulation you name it. |
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OverEasy
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February 13, 2015, 11:58:42 AM |
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FUD causes smart people to do dumb shit. I'll bet a lot of people are dumping right now AT A LOSS!
Look GorillaStake isn't even staking yet and a multipool to help raise or stabilize price will must likely happen.
I say let them dump, let them lose and I'll slowly quietly continue buy while the price drops.
After all the excitement dies down and people stop talking about 10K THEN we can slowly get 10K and MMXIV back to where they should be. Just stake people. Stake and don't look at trex or your wallet for 90 days.
Just my take on all this. I could easily be wrong, but I refuse to give in to FUD.
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hoertest
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February 13, 2015, 12:07:05 PM |
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already make my ROI 3 times so the risk is already gone , for now i keep staking till......! , you never know what is going to happen
Exactly, now imagine everyone wants to make ROI 3 times. It is impossible. It is in fact the "everyone wants to make ROI 3 times" that pushed the price down. You made your money with a short term view, whereas others with a long term view kept on staking. For every winner there is a loser. Keep on staking as part of the experiment and play your part to get the network stake as high as possible. Maybe there will be some more rewards down the line, maybe not and if it goes to 100 sats is irrelevant. You must remember that crypto traders are ruthless and each guy for himself and as soon as some buy orders come in it will be gobbled up. We have all seen it - buy wall/sell wall manipulation you name it. well the money supply that gets dumped daily grows linear since its always based on the same stake. the stack that remains untouched grows exponential. |
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jc12345
Legendary
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Activity: 1638
Merit: 1013
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February 13, 2015, 12:12:50 PM |
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already make my ROI 3 times so the risk is already gone , for now i keep staking till......! , you never know what is going to happen
Exactly, now imagine everyone wants to make ROI 3 times. It is impossible. It is in fact the "everyone wants to make ROI 3 times" that pushed the price down. You made your money with a short term view, whereas others with a long term view kept on staking. For every winner there is a loser. Keep on staking as part of the experiment and play your part to get the network stake as high as possible. Maybe there will be some more rewards down the line, maybe not and if it goes to 100 sats is irrelevant. You must remember that crypto traders are ruthless and each guy for himself and as soon as some buy orders come in it will be gobbled up. We have all seen it - buy wall/sell wall manipulation you name it. well the money supply that gets dumped daily grows linear since its always based on the same stake. the stack that remains untouched grows exponential. As far as I understand the stake is automatically added to the coins that stake. It might be worthwhile if we make a graph on historical data to see. |
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fonzerrellie
Legendary
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Activity: 1190
Merit: 1000
Kaspa
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February 13, 2015, 01:01:53 PM |
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Dump=Dev...... in one day rate this coin moved by 20k down to 10k... no future in this coin.. :cheers
assumptions makes an ass out of you and... well just you I guess |
#Expanse $EXP 500 transactions 4 .1 EXP 1st Clone of ETH
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qiwoman2
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Oikos.cash | Decentralized Finance on Tron
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February 13, 2015, 01:57:42 PM |
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I bought another 1.5k to stake, what the heck..all Crypto is an experiment..
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gkv9
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Activity: 1246
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!!! RiSe aBovE ThE StoRm !!!
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February 13, 2015, 01:59:20 PM |
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I bought another 1.5k to stake, what the heck..all Crypto is an experiment..
Hehe, true... Gratz on buying them... I am also waiting for some more cheap coins to be able to buy that much and get in one more time... |
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dukeneptun
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February 13, 2015, 02:01:32 PM |
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If it goes down every day by 50 - 100% won't even starkers be at a loss? At the current rate of dumping that is?
It is not gonna happen. It can´t goes down every day by 50 - 100%. Every coin has a floor. This one is surely not exception. Price finds its bottom. The only important thing is cath the bottom. I´m in loss right now. But it doesn´t matter. I will buy everytime when the price falls down. After every bottom, there is always rebound. |
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hoertest
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February 13, 2015, 02:11:31 PM |
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When do i have to send to myself again . 16 days? or when i don't get no stakes anymore. do they get smaller gradually or is it instant and i know when to resend them to me? Sorry for that stupi question but i haven't gotten that yet. Basically what do i have to do and when for optimal stake performance? thanks  |
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