Post
Topic
Board Announcements (Altcoins)
Re: ••• [ANN][SMC] SmartCoin • KGW • Cryptsy • Reduced Block Rewards • Update your wallets • 10 EXCH
by
ltcnim
on 01/04/2014, 17:58:42 UTC
We need to come up with something big to make this even above 750 satos. again  Undecided goddamit i put a little bit to much money into this coin ...

that would mean an over 300% increase from the current highest buy order on Poloniex (even tho the last trade there as 03/29, the coin is dead over there). On cryptsy, there is at least a little trading, but it's next to nothing, and the value is also crashing. The main problem is: Noone really knows if the coins will be on the correct fork. There was a rushed decision to create a fork with lowered block reward. But the code was just submitted, and thats it.

Before the 16 coin block reward, it was not worth mining this coin because you would lose money due to the power costs. With the reward only beeing 25% of the original reward (and price lost another 50% in the meantime)...well...you do the math.

I think the only hope for the bagholders is, that someone decides to make a quick pump & dump with this coin. That would give you the chance to give the bag to another person Tongue But I highly doubt that this coin has any future. In fact, I'm pretty sure it will soon be delisted from the exchanges because of the risk beeing on the wrong fork (which is bad for your customers), and the next to none trading volume.