So, in September 2015, the $ 100 deposit is now worth $ 2 million?
Unbelievable.
Nice profit.
I doubt anyone has made that kind of profit. Most of the coins were lost or deleted. There is likely five million at most left and many are in masternodes. You can't use the volume on an exchange as an indicator of profit since most of those trades are made by bots.
Only in my dreams
I've been a supporter since the early days (waves at any old pals still lurking) and for a couple of years had a cron job managing four coins, Chaincoin included, each getting
setgenerate for 15 mins per hour.
I upgraded to the 0.9 version along with most others but discontinued the quarter-hour duty cycle because the network was clearly receiving adequate hash support for the circumstances.
When the across-the-board masternode pump arrived, I had a wallet with 212,000-odd Chaincoin in it and was acutely aware that, given the long back story, there may not have been all that many coins available. So, over the day, I fed nearly 200,000 CHC into the market, making a handful of BTC.
Ofc, matching that sale against today's price will have everyone giggling. But I have a sneaking feeling that had I simply parked my arse on my stash and waited for $6, I'd still be waiting today. As the man said “I made my money by selling too early”.
I'm delighted that Chaincoin has gained some hard-won long-term support. I've kept 10000 CHC as a souvenir (the server-hosted node is a master node, ofc) and have gladly routed some my ill-gotten gains to provide some relief to a close family member labouring under debt stress.
At the time, I knew I was selling too early (and too cheaply if the pump proved successful at raising the floor price) but the market needed my support, I felt. So there you go.
Cheers
Graham
Along with you I did the same thing. I dumped in the market early to distribute the coins. I kept enough to keep me happy though.
For those that don't know this coin came out a day before Darkcoin and was a clone of Zetacoin in the beginning. It's now moved to the DASH codebase, however slowly.
One thing that is for certain is that a large portion of the coins are lost due to people deleting or losing their wallets because they didn't care. The coin was worthless. Now it's not and I imagine people scrambling to find a backup or restore an old hardrive.