Quote from: jollyriffic on May 14, 2014, 01:32:48 AM

Quote from: Soul_eater_123 on May 13, 2014, 11:54:26 PM

Quote from: jollyriffic on May 13, 2014, 10:52:18 PM

Quote from: Soul_eater_123 on May 13, 2014, 08:26:50 PM

Quote from: koralon on May 13, 2014, 08:07:01 PM

Quote from: Soul_eater_123 on May 13, 2014, 07:41:20 PM

If people keep buying up the low priced coins pretty soon the supply will run out and then the price will inevitably rise.

LOL. You are a trading genius.

Well it is so simple. Unfortunately people know this and yet they still behave irrationally - the best thing to do is take advantage of it. I've been slowly buying up the cheap coins and have way more than I could have mined even though I was mining right from the start of the coin. Either people have free unlimited electricity and mega hashing power (maybe early ASIC miners) or they love selling at a loss, I suspect it might be the ASIC suppliers "testing" equipment for their customers. That's why I think it's a losing game for GPU/CPU miners to mine a regular scrypt coin - even with a short mining period. If you look at Nautilus coin there are a number of 100 MH/s + miners that are making the profitability worthless for regular miners. I think University Coin can still succeed for us non-ASIC miners but I think it will be the last Scrypt coin that anyone without stacks of cash already will be able to make money on.

yeah i've been buying up as much as i can. got a lot more buying than i did with mining from day one.
i'm sitting on around 5k of coins (i'm poor thanks to going all in on gpuc).
wish i had some more btc, i'd be going nuts right now buying all this panic selling!
who wants to give me a loan Tongue

Well now you have 9000.

hot damn, thanks man!
Soul_eater_123 is my hero!

Glad I could help:)