Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Experiment 10k | Cloud Staking | High Liquidity | GorillaStake.com
by
fonzerrellie
on 25/02/2015, 23:57:02 UTC
600sat price Grin don't lie to yourselves, it goes to 1 sat about 4-5 days, if nothing happens Smiley
and nothing can happen, because the devs are not ready to do something new now.

What did you have in mind?  Coin works great, nothing broken, staking works AWESOME

All of you FUDding about price do not understand the concept of high POS rate coins like 10K.  Instead of hoping the price goes up, you STAKE and make the size of your wallet go up instead.  The price can stay the same - or it can even go down, it doesn't matter.  As long as your wallet is growing faster than the price is dropping (which it is, by the way, if you are staking right now) you still make money.

Just take a look at Barney, and this will all make much more sense.


I've taken a look at Barney, and at my own wallet... something seems off.  Price seems to be dropping way more that what is being made by staking.  My test purchase was for 327.5 coins on the 18th. Total BTC/10k value of .027.  

Exactly one week later, wallet has 1643 coins. At the current price, BTC/10k value is .011.  Seems to be that the price has fallen ALOT faster than staking can make up for.  Don't get me wrong, I'm in it to win it. I'll keep on buying and staking. For the long haul, this is definitely true but for newbies getting into POS this can definitely be a turn off.  Especailly for those who bought when I did or before and are getting jumpy.


indeed you need to start off with an amount that can compete with the network weight to be more efficient. when I started on the 5th I had solid weight with 150 coins and would find a pos block a bunch of times in a day (which would allow for the "splitters" and compounding to work faster) by the 18th how many pos blocks where you finding in a day with  327 coins?  
and yes the market seems to be turning bit more antsi/temperamental but this is crypto lol and who knows what the future holds, but I'll be glad I'm holding 10k Wink