Topic: [ANN] AIRcoin - page 60. (Read 137265 times)

Actually, ISAWHIM, I think you're being a bit to emotional and sentimental about this whole game. When you look at it rationally, you'll see that this is a perfectly viable and profitable method :

1 Mine the most profitable coin that has enough volume to sell everything you mine.
2 Sell
3 Buy less profitable coins you believe have the promise of long term value
4 Hold

Right now, it doesn't make sense to mine AIR, unless the reason you do it is to support the network. It makes much more sense to look for the next pump and dump coin, mine and dump it, and use that BTC to buy AIR, if you are so inclined.

There is a natural appeal to this coin. Beyond that "get it early, just because", appeal.

If you are bitching about the price NOW, then YOU have your head in the wrong place and are one of the DUMPERS. We have no sympathy for you. Your reward will never come. You are looking for short-term investment and easy money.

Those of us mining NOW, for FUTURE VALUE, as with most any coin. Will prevail. The difficulty will climb and fall, as will prices. Each, in turn, affecting the other. We want you to stop mining, if you find no value now. Makes it more valuable for us to mine. As you leave, the difficulty immediately drops (KGW)... We want you to dump now, so we can get your LOSS which will be our GAINS in the future (Volatility)... If you are not buying coins, or willing to pre-pay for the power to mine them, then YOU are the reason YOU don't have value.

Until there are more associated losses, and more distributed losses, there will not be any "real solid value" to the coin. As it stands, there is only about 2 BTC listed to buy... That makes the "Solid value", at 2 BTC for all mined and premined coins, at the moment. That is all that is listed to buy, thus, that is the "value" of all the coins. So selling 1 coin at any price above that average, is a generous offer.

You set your price. If no-one finds that price acceptable at the moment, then tough cookies to you. Cashing-out is not a "crash", a "crash" is when no-one is buying or selling, and there is a giant gap in value. Then the only sales that happen, are below all expected sales. Selling one or two for a low price is not a crash. Just as selling one or two for a high price is not a bubble or the "value" of all coins. Value is the volume of all coins sold, average price for all those coins. That is the "Value". More is a bonus to you selling and a discount/loss form us buying, less is a discount/loss to you selling and a bonus to us buying. Welcome to reality, or rather, virtual-reality.

No-one is forcing you to mine, or buy. However, unless you get off your ass and add value to your assets, then you are just a spectator looking for a free ride. This is not a spectator sport. Lead, follow or step aside...

In addition to my questions above I'd like to ask another.
Where does TeamAir see themselves WRT SEC regulations?
http://www.sec.gov/divisions/marketreg/bdguide.htm

I ask because the concept is a bit different, but as there will be a managed basket of coins (unless I have misunderstood), it may raise such issues.

If the AIA bot could provide some liquidity ; that would be nice. Big spread right now.
I do still support you guys, just bough me some more AIR

you switched out your miners when difficulty is getting lower. Bad move[provided you think its a good coin]

eg. all clowns now mining SPA with difficulty peaking over 700. I mined SPA up to a 100 difficulty days ago and sold for over 9btc profit 4 hours ago. almost 6k in a week is how I roll... albeit one of my smaller trades. btw I only have 8mH of power. Im by no means a big miner is the scheme of things so I rely on entry and exit points for my gains.

As AIR difficulty falls I switch more miners to it. I like doing the opposite of everyone.

Good luck.  

I'll post this link here, found it somewhere a few pages back. It's a very informative and well written article on why it's a bad idea for a new coin to be traded on multiple exchanges.

http://www.cryptoscribe.com/market-trends/premature-multi-listing-destroys-new-coin-prices/

Reading that made me wonder if it's such a good idea to be listed on coinmarketcap. It may very well draw the attention of other exchanges....

Perfect. If you guys can truly influence market price right now - getting the price somewhere around 2$ (~0.0031 BTC) a coin would work wonders. There's around 2.6 million coins right now from what I understand. That would put the coin at a marketcap of 5.2 million - Right around 15th place on coinmarketcap. If you manage to do that , people will go crazy trying to figure out what the hell AIRcoin is and most likely a buying frenzy will ensue which will launch the coin to new heights.

Nice bumping again into you , and with the same problem )))
But mine wasn't that heavy...only a few coins.

@sussex - just human nature to question your decisions when things don't look like they are panning out the way you expect. still early days and i will stick with it, though i have switched out my miners for the time being.

I largely agree, my problem is that I broke two of my own trading/mining rules for this coin and have paid a heavy price (at the moment), just can't stop kicking myself  

I have to echo sentiments about this being more of a long-term investment than a quick buck. Crypto needs to regulate pricing to survive in a real world where stability is expected. I see a lot of long-term value in this coin, and anyone getting AIRCoin at around 0.00150 is getting a bargain. Altcoins have dived around the board at the moment - they'll pick up. No need to panic sell and drive the price down further. I'm definitely holding this one.

Thanks. One of the things that jumps out at me about this coin is that it is being clearly mareketed as an investment. Notwithstanding that it may have uses in the market place.
The more I think about it the more my main concern is that by marketing it as an investment they may run foul of the authorities.
I wonder can one of TeamAir explain what they understand their legal situation is.
Is it ok in the United States to call AIR an investment?

From my understanding of it, Aircoin is designed to be merchant friendly because the AirTeam's function is to stabilize the value (or prevent rapid decline) of the coin overtime.

That way, the merchant can have the confident of using and holding the coin in a long run than just convert them to fiat like what overstock.com do.

I think the current small volume and fluctuation is a good way to test Aircoin's investment pool's capability.

To be honest I don't think we are ready for prime time yet and an increase in volume and price may overwhelm the AirTeam.

The dumpers may be miners who need to recover then equipment/electricity costs, so that's understandable as no one wants to get screwed short term. But the success of this coin requires a long process that requires patience and vigilant.

Sorry, I digressed.

So to summarize, the coin is designed for merchants use but it is no where ready for such task yet.

However the coin (and I'm happy to be shown to be wrong on this) is not intended to be "spent". It's intended to be something that can be invested in. Is is relying on other coins being "spent"

Given the fact that AUR was a coin that no one noticed for weeks due to the developer not actually caring to pump the coin and SPA is the exact OPPOSITE, I am gonna venture to say that the pump and dump will arrive much faster since the developer for SPA is the main arbiter of the scam.

sooo what are you going to do now devs? Air is getting dumped hard I just picked up this:

2014-03-16 21:26:24   Sell   0.00075   100   0.075
2014-03-16 21:26:24   Sell   0.00071   250   0.1775

We have submitted a request using the form, so hopefully we'll have a response from coinmarketcap shortly.

Calm down people, the overall market for Altcoins are pretty slow lately. Many popular coins are displaying a downward trend. It's only a matter of time it bounce back up.

I guess many are dumping altcoins so that they can make a quick investment on SpainCoin. Don't know how long Spaincoin will last, but auroracoin is now in a pretty bad downward spiral.

Here's the submission form.

https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform

Do it now before the coin is worth less and shows up lower on coinmarketcap.

I really really hope someone has submitted this coin to coinmarketcap. That's the best promotion you're going to get short term! With the premine it will pop up on the top of the charts! Submit it now goddamn it. For fucks sake.