Post
Topic
Board Announcements (Altcoins)
Re: ★█ Zeitcoin Movement █★ [ZEIT] POW/POS Join Our Thriving Community ★ 6 EXCHANGES
by
atronite
on 17/03/2014, 21:07:59 UTC
I want it to be 0.0002 btc per zeit. I want! Angry

Noooo, one of the early ish 1 sat buys is mine, once that's filled THEN it can rise.
Hey, I got an electric bill coming which will need paying and the dent in the floor repairing Wink
I see you are a very experienced trader and I ll do as you say.
Bear it, yes, and bull it to Venera and money money money money money…

Noooo, I usually lose out on trading. Eventually I have to get it right, but I'm speaking selfishly, I already had a 1sat order in just after it went live on MintPal, if someone puts a 1 sat buy order in now, it's unlikely to get filled.
I kinda hope mine doesn't get filled, wouldn't be too good for the coin, but for the sake of covering the looming electric bill ($1,140 for the quarter), I do (because many trades have lost money :|)

I think once the POS phase is over, we should start seeing some serious appreciation. If you want to see where the coin is going, I think we're going to see this get as high as 50 Satoshi since that's where the last major sell wall is. The way I see it, all these trolls is just the perfect opportunity for the whales to spread panic selling which actually just keeps the difficulty down!!

With my 1.9k Mh/s, I make about 450k zeit per 24 hour period. At 2 satoshi, this amounts to only about $5, or maybe $7.5 a day if I try to buy at 2 and sell at 3. But if the prices should even jump up to 6 satoshi on some major news (crypsy lists us for example), then all of a sudden I'm making $15 and this is the most profitable coin. Then all the multi pools will jump in and try to mine up the coin and then diff goes up and I'm making fewer coins and then $$ a day goes back down to around $5-7 a day. So in all reality, I actually WANT the price to remain at 2/1 sell/buy spread with the buy side being constantly low, so that way no one will want to mine and then I get even more coin per Mh/s.

 But again, this is just for 4 weeks, and then poof! I (and everyone else) move back to mining on multi-pools. At this point, there is no more autosell by multipools and we start seeing the sort of growth like what we see in blackcoin, another pure POS coin.

Again, all this drama going on right now with CR is just senseless blood on the street keeping prices low. And I hope it stays that way for a couple more halving in a way that I am still mining comparably to other similar coins (around $5-$7 a day at 1.9 MH/s) at 1 satoshi! When we hit the 100% POS phase, THAT is when things should start getting interesting, price wise. And I'm basing this on what I'm seeing with the blackcoin folks, where their coin is where we will eventually get to.