Discussion in 'Blockchain & Cryptocurrency Mining' started by ernie, Apr 3, 2013.
The fee is too high. I'd rather bank wire then xfer to my cc.
And if the banks stop accepting payments from them?
iGot accept BPAY. Works well.
rental prices way up again, should be able to get about 0.014 if you have more then 5mhs
blackcoin around the 50k mark again. very nice steady rise so far
You can thank me later, it is only rising because i sold out a bit more at 49000
heh, i sold 5k at 47000 to buy in at 45000
guess what didn't fall below 47000 again?
I was watching last night when some whale started a fake (manipulative) dump.
In a flash they caused a dump from about 47k to about 39k, hoovered up all the cheap coins they could, then rocketed the order book back up to 47k in literally one minute. Insane chaos in the order book for one minute, then bang, straight back to where it was.
Anyways, I totally fell for it
Blackcoin is pretty massive but still, I've never seen such manipulation before. Good to keep but very dangerous to trade it seems.
Even if it goes up and up and up its still guaranteed profits which is better then holding a bunch with the risk it could end up being worth nothing. ( if you have old coins )
bought mine at 4k so 49k is still 12x the investment which in any other market would be amazing, yet in crypto we always want more and more and more and most times end up holding too long and having them be worth less and less and less.
Greed, its a tough thing to deal with!
profits on clever slowly falling, any prospective new coins on the horizon?
As far as investment in trade CAI seem to be doing things, I am watching it closely.
I think ECC POW ends soon. any day now.
heh i've given up on trading blackcoin while it's so obvious people are manipulating so much
down to about 45000BC now lol.
sold some or lost some due to trading?
This is no different to share market.
The person with the fattest war chest wins.
Sorry small fry in the huge ocean.
Or poker... It's often why the contrarian view is worth taking especially if manipulation by whales seems obvious.
So I figure I have about 3 months left while gpu scrypt mining is worthwhile and then difficulties will be getting hammered by the dedicated hardware. Any worthwhile low diff x11 cryptos been announced lately?
lost due to trading. Looked like someone was dumping, but there was no dump hah.
Was about time though, i'd been doing too well for too long
just gotta wait til the next time it's stable ish for a few days
plus, it's really hard to trade properly when it's being done in multiple bitcoins like now
especially when the volume is low like it is now.. The last 2 hours have only seen maybe 100BTC volume.
what are all of your opinions on coins that are reasonable to invest in?
should be selling my rigs for bitcoin tonight/tomorrow night, and want to stick it somewhere it'll perform reasonably well..
Tempted to grab a BTC in reddcoin for 2sat... i think it's a bit of a shitcoin, but there's an oddly large community around it, and it's actively developed (plus, it HAS traded for 10sat)
what about the current value of blackcoin or vertcoin? bit too high, or reasonable?
yuuup. It's annoying.. I'm not big enough to really manipulate things, but i'm not small enough just to sneak in little trades here and there, and make it worth my while haha
ED: i should have just been patient
price back down to 45000 lol
Get your Ozziecoins - https://bitcointalk.org/index.php?topic=578881.0
Lol as opposed to the 'other' aussiecoin...
Being x11 I'm gonna mine it just for the inevitable pump by the devs/whale miners/early adopters. Some interesting 'rules' around it...
'11.5 Billion ozziecoins pre-allocated for distribution to Australian residents
Notional maximum of 1,000 ozziecoins per Australian resident'
'23 Billion ozziecoins over 88 years'
Gonna have some pretty wild difficulty increases to enforce that?
I'm a noob on crypto tech so I'd be keen to hear others' opinion on these constraints.
I think I'm just going to mine every half decent coin that is launched until a new one comes out, then dump half of whatever I mine when it gets listed, and the other half if it ever gets pumped . So far my best returns have been coins like Mint and Air that were easy to mine at the start and came out with huge sale prices, both worked out to something like 0.1BTC/mh/day '
On Twilight coin at the moment (X11), looks like a straight up DRK copy but we shall see what it sells for
Edit: Looks like 42 coin updated to add trading with precious metals, didn't message any of the pools and then the Dev went on holiday. Coin is now propper forked haha.
wait.. 42 coin forked?
wtf. it was so interesting to watch too haha