Quote from: jollyriffic on March 25, 2014, 07:10:59 PM

i'm still pretty new to the exchange and how that effects things.
so from previous comments, if the exchanges have low volume, does that mean my coins sitting on my computer hurts the value of the coin?

Nope if anything it helps... keeps the sale volume low, and keeps the coins safe, within your own level of responsibility.. bitcoin BUY volume is what helps the coin... if you have 1700 Bitcoin worth of people posting their coin for sale, and 3 bitcoin of people wanting to buy, thats what depresses the price... Ill give you an idea of perspective.

Maxcoin - as much as I hate to mention that garbage coin, when it was released, it had 900+ Bitcoin (almost 1 million dollars) of people wanting to BUY maxcoin with their bitcoin.. The price reflected it as well. That was a mine and dump coin, I feel sorry for the folks that were stuck holding that.

GPUcoin - during its 40 satoshi level, had 5-6 bitcoin worth of buy support, which means that toolbag small miners kept knocking the price down, and devaluing it.. I'd say presently price has to do with low volume from the unknown exchanges bittrex / atomic-trade (which actually happens to be a licensed exchange with USD support), and the ongoing mess at cryptorush.in Its a good time to buy right now, and mine for that matter, I have 51mh of pressure on it.. I can afford to wait the price out. It will swing around, especially if it hits mintpal and or cryptsy... Mintpal you need to buy your way onto... Hopefully the CEO will release some of that Seed money from the IPO to get us onto it. otherwise, technically he wont be able to resell those GPUcoins once those cards are gone.