nextgencoin
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October 30, 2015, 08:38:17 AM |
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John may be a good developer but his prediction of markets just plain sucks. Since when is Bitcoin's price based on miners?
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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groggin
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Activity: 1894
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October 30, 2015, 08:47:33 AM |
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John may be a good developer but his prediction of markets just plain sucks. Since when is Bitcoin's price based on miners?
since no one is buying? (current pump not withstanding) i've accumulated millions of alts since i started mining/trading a couple of years ago. what are they worth now? approximately what it cost to make them ...
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dygus
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Activity: 1193
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Peaky Blinder
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October 30, 2015, 08:50:06 AM |
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how is vnl at 9k what is even going on
It's above 10k. Do you expect it to stay relative as Bitcoin goes through 300? Of course not. The market is doing it's thing. It will be boring until BTC crashes, which should not be long off. People gotta cash out for the holidays to buy Lego Star Wars. Thank you for your support. And if bitcoin goes to 600-800-1000 $ This is inconsistent with reality. Bitcoin is a miners market, meaning it is worth what it cost to mine. Periodically we have these pumps and always have. The miners are waiting to dump and when they do it's back to ~200 where electricity cost to bitcoin output ratio is normalised. I highly doubt BTC will be over 400 even in 365 days from now unless the mining hardware situation changes. Thank you for your support. Are you trying to tell us, that btc price depends only of miners? Don't make me laugh. And about the price, why you said, that btc won't be over 400$. Look at btc volume in last seven days on bitcoinwisdom (nearly 8 milions). Now it's a great opportunity for crypto, I hope you gonna start some promotion, otherwise supercode, ZT, node incentives and other extra features won't help.
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traumschiff (OP)
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Activity: 1498
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180 BPM
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October 30, 2015, 09:03:28 AM |
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how is vnl at 9k what is even going on
It's above 10k. Do you expect it to stay relative as Bitcoin goes through 300? Of course not. The market is doing it's thing. It will be boring until BTC crashes, which should not be long off. People gotta cash out for the holidays to buy Lego Star Wars. Thank you for your support. And if bitcoin goes to 600-800-1000 $ This is inconsistent with reality. Bitcoin is a miners market, meaning it is worth what it cost to mine. Periodically we have these pumps and always have. The miners are waiting to dump and when they do it's back to ~200 where electricity cost to bitcoin output ratio is normalised. I highly doubt BTC will be over 400 even in 365 days from now unless the mining hardware situation changes. Thank you for your support. Are you trying to tell us, that btc price depends only of miners? Don't make me laugh. And about the price, why you said, that btc won't be over 400$. Look at btc volume in last seven days on bitcoinwisdom (nearly 8 milions). Now it's a great opportunity for crypto, I hope you gonna start some promotion, otherwise supercode, ZT, node incentives and other extra features won't help. Did you read my last comment? Just asking because you actually suggest again that promotion in itself will help in this market. It's easy to skip facts and spam the same comment again, right?
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dygus
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Activity: 1193
Merit: 1000
Peaky Blinder
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October 30, 2015, 09:20:04 AM |
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how is vnl at 9k what is even going on
It's above 10k. Do you expect it to stay relative as Bitcoin goes through 300? Of course not. The market is doing it's thing. It will be boring until BTC crashes, which should not be long off. People gotta cash out for the holidays to buy Lego Star Wars. Thank you for your support. And if bitcoin goes to 600-800-1000 $ This is inconsistent with reality. Bitcoin is a miners market, meaning it is worth what it cost to mine. Periodically we have these pumps and always have. The miners are waiting to dump and when they do it's back to ~200 where electricity cost to bitcoin output ratio is normalised. I highly doubt BTC will be over 400 even in 365 days from now unless the mining hardware situation changes. Thank you for your support. Are you trying to tell us, that btc price depends only of miners? Don't make me laugh. And about the price, why you said, that btc won't be over 400$. Look at btc volume in last seven days on bitcoinwisdom (nearly 8 milions). Now it's a great opportunity for crypto, I hope you gonna start some promotion, otherwise supercode, ZT, node incentives and other extra features won't help. Did you read my last comment? Just asking because you actually suggest again that promotion in itself will help in this market. It's easy to skip facts and spam the same comment again, right? Ofcourse it will help. Why other coins can go up? Compare digibyte and vnl websites (it's only example) I follow'em on twitter and I can see they have one main goal: MAKE THEIR COIN TO BE USEFULL IN REAL. Promotion will bring us more and more community members what is necessary (I think it's most important).
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goldmaxx
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October 30, 2015, 09:22:20 AM |
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The way I see it, PR and development should go hand in hand... Unless your product is still in the development phase and isn't sold in stores yet, PR is a crucial factor for the future succes of your product.
IF VNL wasn't trading already on Poloniex and Trex, I could agree with the fact that PR should come later. BUT, VNL is a product sold in stores, thus needs PR, even though it is still in the development phase.
VNL can be an awesome succes, but I think, as with all succesfull companies, VNL needs a PR department. John is the most awesome developer out there, but the worst PR person I could think of.
The only way I can find a logic in that behaviour is to artificially keep the price down during develoment phase. This could be a dangerous strategy though and it will be hard to change peoples perspective towards VNl in the future.
I'm not saying we should hype VNL to death, but some healthy, honest PR wouldn't do us wrong for sure...
Just my two cents...
Regards
Goldmaxx
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dygus
Legendary
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Activity: 1193
Merit: 1000
Peaky Blinder
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October 30, 2015, 09:44:35 AM |
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The way I see it, PR and development should go hand in hand... Unless your product is still in the development phase and isn't sold in stores yet, PR is a crucial factor for the future succes of your product.
IF VNL wasn't trading already on Poloniex and Trex, I could agree with the fact that PR should come later. BUT, VNL is a product sold in stores, thus needs PR, even though it is still in the development phase.
VNL can be an awesome succes, but I think, as with all succesfull companies, VNL needs a PR department. John is the most awesome developer out there, but the worst PR person I could think of.
The only way I can find a logic in that behaviour is to artificially keep the price down during develoment phase. This could be a dangerous strategy though and it will be hard to change peoples perspective towards VNl in the future.
I'm not saying we should hype VNL to death, but some healthy, honest PR wouldn't do us wrong for sure...
Just my two cents...
Regards
Goldmaxx
+1 This is what we need constructive, honest conversation. @traumschiff You should stop freaking out when anyone is trying to say something or get an answer (except lies).
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CTRLX
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October 30, 2015, 10:40:13 AM |
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Inb4 John announces he's Satoshi
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luckygenough56
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October 30, 2015, 11:36:31 AM |
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Inb4 John announces he's Satoshi
my money on Satoshi's prodigy son
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Ozcar
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Activity: 80
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October 30, 2015, 11:45:20 AM |
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I think this coin was hyped and pumped too early. Really you guys that worked so hard hyping the coin are at fault now for the low price. VanillaCoin is legit, and the dev is legit. The guy seems to be constantly working to improve and add features and all I see here is arguing and despair. If you dont like how it's going then dump and move on, it's that simple.
Yeah seriously. Some people don't like the situation that they risked getting into when buying into a coin, then start throwing their toys out the pram. Just STFU and sell or hold, nobody gives a shit what price you bought in at.
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EmilioMann
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#mitandopelomundo
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October 30, 2015, 12:03:19 PM |
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traumschiff (OP)
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Activity: 1498
Merit: 1001
180 BPM
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October 30, 2015, 12:07:32 PM |
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how is vnl at 9k what is even going on
It's above 10k. Do you expect it to stay relative as Bitcoin goes through 300? Of course not. The market is doing it's thing. It will be boring until BTC crashes, which should not be long off. People gotta cash out for the holidays to buy Lego Star Wars. Thank you for your support. And if bitcoin goes to 600-800-1000 $ This is inconsistent with reality. Bitcoin is a miners market, meaning it is worth what it cost to mine. Periodically we have these pumps and always have. The miners are waiting to dump and when they do it's back to ~200 where electricity cost to bitcoin output ratio is normalised. I highly doubt BTC will be over 400 even in 365 days from now unless the mining hardware situation changes. Thank you for your support. Are you trying to tell us, that btc price depends only of miners? Don't make me laugh. And about the price, why you said, that btc won't be over 400$. Look at btc volume in last seven days on bitcoinwisdom (nearly 8 milions). Now it's a great opportunity for crypto, I hope you gonna start some promotion, otherwise supercode, ZT, node incentives and other extra features won't help. Did you read my last comment? Just asking because you actually suggest again that promotion in itself will help in this market. It's easy to skip facts and spam the same comment again, right? Ofcourse it will help. Why other coins can go up? Compare digibyte and vnl websites (it's only example) I follow'em on twitter and I can see they have one main goal: MAKE THEIR COIN TO BE USEFULL IN REAL. Promotion will bring us more and more community members what is necessary (I think it's most important). Ok mate. Your single and only argument in the sentence is Digibyte which was just pumped 2 weeks ago after being down for months and it is already retracing. Meanwhile my arguments were: BTS at 1300 sats down from, what, 3-4k?
DASH at 720k down from a stable 1000k for a really long time
XMR at 130k down from a stable 240-260k
MAID 4800 from a stable 8000-12000
XRP 1400 down from 3-5k
STR 627 down from a long time stable 1000-1500
Storj 4575 down from 7000-1000
NXT 2440 down from 5000-6000 All of the above mentioned projects do marketing and all of them had higher volumes Daily/weekly/monthly than what DGB had. Your argument is invalid. DGB could only pump because there were months of heavy accumulation, people like you are blind thinking a project pumps because of some random spam on twitter.
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traumschiff (OP)
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October 30, 2015, 12:23:01 PM |
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I'm not saying we should hype VNL to death, but some healthy, honest PR wouldn't do us wrong for sure...
I agree with this, what some people fail to see here is that I'm not against PR, but I'm against bad PR and worthless reviews. Also everyone knew John's plans in advance, everyone knew how John manages his project and still people are mad and overly negative because their investments value dropped. This isn't a suited investment for a daytrader since John doesn't care to hype until the project is further developed.
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BadAss.Sx
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Bulletproof VPS/VPN/Email @ BadAss.Sx
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October 30, 2015, 01:19:21 PM |
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VNL is a long term investment. People should be happy that price is low
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dygus
Legendary
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Activity: 1193
Merit: 1000
Peaky Blinder
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October 30, 2015, 01:26:00 PM |
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how is vnl at 9k what is even going on
It's above 10k. Do you expect it to stay relative as Bitcoin goes through 300? Of course not. The market is doing it's thing. It will be boring until BTC crashes, which should not be long off. People gotta cash out for the holidays to buy Lego Star Wars. Thank you for your support. And if bitcoin goes to 600-800-1000 $ This is inconsistent with reality. Bitcoin is a miners market, meaning it is worth what it cost to mine. Periodically we have these pumps and always have. The miners are waiting to dump and when they do it's back to ~200 where electricity cost to bitcoin output ratio is normalised. I highly doubt BTC will be over 400 even in 365 days from now unless the mining hardware situation changes. Thank you for your support. Are you trying to tell us, that btc price depends only of miners? Don't make me laugh. And about the price, why you said, that btc won't be over 400$. Look at btc volume in last seven days on bitcoinwisdom (nearly 8 milions). Now it's a great opportunity for crypto, I hope you gonna start some promotion, otherwise supercode, ZT, node incentives and other extra features won't help. Did you read my last comment? Just asking because you actually suggest again that promotion in itself will help in this market. It's easy to skip facts and spam the same comment again, right? Ofcourse it will help. Why other coins can go up? Compare digibyte and vnl websites (it's only example) I follow'em on twitter and I can see they have one main goal: MAKE THEIR COIN TO BE USEFULL IN REAL. Promotion will bring us more and more community members what is necessary (I think it's most important). Ok mate. Your single and only argument in the sentence is Digibyte which was just pumped 2 weeks ago after being down for months and it is already retracing. Meanwhile my arguments were: BTS at 1300 sats down from, what, 3-4k?
DASH at 720k down from a stable 1000k for a really long time
XMR at 130k down from a stable 240-260k
MAID 4800 from a stable 8000-12000
XRP 1400 down from 3-5k
STR 627 down from a long time stable 1000-1500
Storj 4575 down from 7000-1000
NXT 2440 down from 5000-6000 All of the above mentioned projects do marketing and all of them had higher volumes Daily/weekly/monthly than what DGB had. Your argument is invalid. DGB could only pump because there were months of heavy accumulation, people like you are blind thinking a project pumps because of some random spam on twitter. DGB was only an example and all coins, mentioned above, did not fall 5 times like vnl did.
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traumschiff (OP)
Legendary
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Activity: 1498
Merit: 1001
180 BPM
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October 30, 2015, 01:32:58 PM |
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how is vnl at 9k what is even going on
It's above 10k. Do you expect it to stay relative as Bitcoin goes through 300? Of course not. The market is doing it's thing. It will be boring until BTC crashes, which should not be long off. People gotta cash out for the holidays to buy Lego Star Wars. Thank you for your support. And if bitcoin goes to 600-800-1000 $ This is inconsistent with reality. Bitcoin is a miners market, meaning it is worth what it cost to mine. Periodically we have these pumps and always have. The miners are waiting to dump and when they do it's back to ~200 where electricity cost to bitcoin output ratio is normalised. I highly doubt BTC will be over 400 even in 365 days from now unless the mining hardware situation changes. Thank you for your support. Are you trying to tell us, that btc price depends only of miners? Don't make me laugh. And about the price, why you said, that btc won't be over 400$. Look at btc volume in last seven days on bitcoinwisdom (nearly 8 milions). Now it's a great opportunity for crypto, I hope you gonna start some promotion, otherwise supercode, ZT, node incentives and other extra features won't help. Did you read my last comment? Just asking because you actually suggest again that promotion in itself will help in this market. It's easy to skip facts and spam the same comment again, right? Ofcourse it will help. Why other coins can go up? Compare digibyte and vnl websites (it's only example) I follow'em on twitter and I can see they have one main goal: MAKE THEIR COIN TO BE USEFULL IN REAL. Promotion will bring us more and more community members what is necessary (I think it's most important). Ok mate. Your single and only argument in the sentence is Digibyte which was just pumped 2 weeks ago after being down for months and it is already retracing. Meanwhile my arguments were: BTS at 1300 sats down from, what, 3-4k?
DASH at 720k down from a stable 1000k for a really long time
XMR at 130k down from a stable 240-260k
MAID 4800 from a stable 8000-12000
XRP 1400 down from 3-5k
STR 627 down from a long time stable 1000-1500
Storj 4575 down from 7000-1000
NXT 2440 down from 5000-6000 All of the above mentioned projects do marketing and all of them had higher volumes Daily/weekly/monthly than what DGB had. Your argument is invalid. DGB could only pump because there were months of heavy accumulation, people like you are blind thinking a project pumps because of some random spam on twitter. DGB was only an example and all coins, mentioned above, did not fall 5 times like vnl did. 50k was not a floor or something to take into consideration, it literally lasted 5 minutes. Stop skewing your data just to justify your stance (same as with taking DGB for example, the newest pump after months of decline and months of being irrelevant with 0 volume).
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broadsword
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October 30, 2015, 02:13:18 PM |
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with the rise of eth why is vnl needed now
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goldmaxx
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October 30, 2015, 02:16:17 PM |
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with the rise of eth why is vnl needed now
Are you serious? Regards Goldmaxx
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hughbt
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October 30, 2015, 03:12:14 PM |
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John may be a good developer but his prediction of markets just plain sucks. Since when is Bitcoin's price based on miners?
since no one is buying? (current pump not withstanding) i've accumulated millions of alts since i started mining/trading a couple of years ago. what are they worth now? approximately what it cost to make them ... It's true that fundamental(real) price of bitcoin is equal to the cost of mining. It's not based on any other real, measurable value other than the electricity and mining operation costs. Maybe popularity,brand, value of the network, and the technology are capitalised in the price but you can't really measure that, and it's changing very fast. Bitcoin's price = mining costs + pure speculation.
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pseudonymdude
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October 30, 2015, 03:30:25 PM |
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with the rise of eth why is vnl needed now
ETH is not competing with VNL or BTC. If anything, it's competing with XCP. See how long it takes to download the 2-month ETH blockchain and see how long it takes to donwload the 10-month VNL blockchain. VNL has instant transactions through zerotime, while ETH does not have instant transactions. VNL has an Android App and an Iphone App, which you can take the wallet.dat from and use on your PC. I don't belive ETH has any mobile apps yet and I'm not sure if it even has a GUI up and running. VNL confirms on Poloniex in 1 confirmation, while ETH currently takes 500 confirmations. There are many other differences, but you should have realized at least a few of those. I'm guessing you didn't even download and sync either wallet. VNL Purpose: John is trying to build VNL into a scalable, secure, decentralized currency with instant transactions that won't have to centralize in the future. Bitcoin will most likely have to centralize (with only large corporations mining it, putting up nodes, and offering instant txs) over the next few decades for a variety of reasons.
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