Quote from: CatKiwi on June 17, 2014, 12:31:47 AM

Quote from: karmala on June 16, 2014, 09:31:25 PM

Karma is by faaar the most traded coin on the ltc market on mintpal.... Going into the btc market with 2-3 sats is a huge risk imo. Cant we just shoot up here till 10sats or something?

No. I believe the reason the price is bleeding so much is because we are pegged against Litecoin - Like it or not it's a dying and antiquated piece of tech. At just 0.0164 BTC per Litecoin and dropping every week (was 0.0253 at the end of April) it represents a seriously bad investment for the long term - no one wants to hold it or any coin that is solely pegged against it.

People like Karmacoin - we know this - but they do NOT like that they must purchase Litecoin before buying it. Even if you held the price of Karma the same at say 200 Litoshi the actual value of each coin in bitcoin has dropped 54% since Late April.

When the block thirding occurs I would like to see a huge push by the devs and the community - using every bit of good news about Karma that we have, every feature that we have - to reach out further than ever before into the crypto world - tweeting, FB, reddit, articles, press release - anything and everything we can - and have it all synchronised with a BTC pairing being activated on Mintpal - whatever needs to be done to synchronize such a push with Mintpal should be done.

We have a real chance with the upcoming thirding to push the coin out there on Mintpal. Folks, it will not reach 10 Satoshi equivalent in the Litecoin market - Its just wont happen. Not as long as Litecoin is a dying coin. Even with the Bitcoin drop Litecoin has fallen from 0.01714 to 0.0163 - we simply must get out of this sinking ship and allow the Bitcoin market to help us reach a true and fair price.

Can't agree more ! The litecoin seems go to dying ,it's just a foil of bitcoin .A lots of amounts of litecoin is in Chinese investors hands ,but it's deficient of this coin development .Go to BTC markets , will make karma coin exposure more without question