Quote from: dragonseer on March 26, 2014, 10:31:20 AM

Quote from: majorminers on March 26, 2014, 10:07:29 AM

Quote from: dragonseer on March 26, 2014, 10:00:26 AM

Quote from: majorminers on March 26, 2014, 09:43:44 AM

Quote from: JulianL on March 26, 2014, 08:33:20 AM

because it doesn't matter to many of us!
It's like every other coin. We want to make money and we do. You think this coin is dead because some guys dumped a little? You can still make shitloads of money if you know how! But seems like you don't. so sorry for that

You may be exaggerating with the 'shitloads' bit.

Volume on Bittrex is very low and the price trend is poor. (1.41092147 BTC in 24 hours.)

People should have dumped their 'country coins' before the Auroracoin Air Drop.

Not only that, but why ignore the Block Explorer evidence that has been posted multiple times in this thread?

So I was in early on this coin, and sold just after it hit coinmarketcap. I bought back in, but regardless, I've done well even if this coin vanishes in a puff of smoke. RE: The pre-mine, in the ORIGINAL POST it makes it clear that the Premine exists for TWO reasons, to gift to Cypriots, and, to control the price. Another coin has used a portion of the pre-mine to try and stablize the price on exchanges, that would be Aircoin. You can argue whether this is a good idea or not, whether it is effective or not, but if you read the draft carefully you would realize that provision was stated clearly from the beginning.

Using the pre-mine to stabilize market prices seems problematic.

With huge pre-mines you really have to trust the Dev. If the Dev doesn't live up to his words, then there's no way later investors can make money.

Plus there's the added risk of being a country coin. Sure, the fad was hot for awhile, but now it's drying up quick. I mean why do investors really want to give free money away to people? Are we the government (welfare system) now? When these people get the free money (assuming they even know what it is), they'll dump.

That's human nature and makes complete sense. Them holding or buying more is a ridiculous notion.

Of course I could be wrong. Time will tell, but looking at the charts and trends since Auroracoin indicates this fad could be in trouble now.

Looking at the charts and trends about Auroracoin right now, yes this is a reasonable thing to assume. However, I was watching Auroracoin on Cryptsy closely and the first wave of selling pressure seemed to be early adopters looking to cash in. The later wave however, did not. I don't have any proof mind you, but it could be that the people behind Auroracoin drove the price down BEFORE the second wave of airdrop recipients could try and cash out. If you are invested in the long term health of the coin, this is a reasonable measure to take. Is it market manipulation? You bet. Is it ultimately going to protect your investment? Yes again. Just something to consider

I have to be honest, I don't look at altcoins as being investments in any sense of the word. Here in the United States they don't meet the definition in any sense of the word.

Putting money in Altcoins is more of a risky gamble. The risk is high but the reward can be too. I really don't like the idea of holding any altcoin for any length of time, unless you believe strongly in the development behind the project. Even then there's no guarantees.

In any event, altcoins have been exciting to watch this month! So much controversy surrounds them it's hard not to be interested in seeing what unfolds.