Quote from: cl5150 on September 16, 2014, 06:50:25 PM

I still love this coin but wow is it taking a beating price wise lol.

Mmm I love this coin the most when she dips WAAAAAAAAAAAY down below moving average...I'll take all I can get at the 12-13k level.

As long as DEV and his Hashmaster/Bitcoin Investment Group keep the bullion coming, one can't go wrong buying these coins at this price. The way I look at it is at the end of mining there should be roughly $8 million in gold bullion reserves (at todays gold prices, mind you), and only 10 million BIG. That's like $1.25 US/BIG. Granted this is a HUGE "bet", as no one knows for sure the bullion reserves will keep growing in step with coin minting. And another bet that gold will rise in the future (which I'm confident it will). Also no one knows for sure what will happen when redemption opens, will there be a "run" on the reserves? I would think miners and investors in BIG would wait until after mining was over to redeem, but one never knows what the markets will dictate.

Now I'm just a nacheral born fool from the Ozark mountains but something tells me Mr. Gerald Wilkie wouldn't associate himself with BIGbullion coin if he and his team were not in it for the long haul. Many people saw his face, met him and shook hands with him at cryptolina. If one was trying to run a pump N dump (or any other scam) one would not put their face and name on said scam and present themselves in public in North Carolina as perpetrator of said scam. Folks 'round these parts just don't take too kindly to scammers.

That being said, I hope it does drop to 1k or even less in the coming months so I can keep accumulating. Granted if dev disappears, or if the bullion deposits do not keep pace with coin minting (or people cannot redeem later), it will be game over for BIG. But I am VERY optimistic on the future of this coin overall, and just wish I had more hashes to throw at it. In the meantime I have my scrypt rigs mining coins to sell and roll into BIG for the long haul (12-24 months).

Cheers,
Pit