I think Noah's Arc is taking on massive amounts of water, break out the buckets and start bailing out
this is what happens with useless p&d coins catered only to an elite few i.e. ( a Pool owner uh um, buttrex and an assorted handful of rig renters) .... to make as much as they can in the first 12- 24 hours. Wake up people and quit helping this "racket". Who knows maybe someone will want this coin eventually? what's this coin for again anyways? lol
Wait a minute, don't you think that 400 -500 sats is not the right value? We all know that people pay too much in the beginning and based on the IPO price i would expect Noahcoin to trade at around 360 - 500. Everything that is higher is speculation, Putting the coin at 500sats then you have a marketcap of 8BTC. People that thought that this will be a $500,000 coin are totally wrong. Lets create a nice basis at around 400 sats and let DEV team move little by little.
Its seems to have established its floor, and I'm glad the dev pointed out the pay per click concept. But coins need a defined purpose because there simply is too many right now. Obviously I'm not happy with the way the launch went down, seemed pretty 1 sided as usual. I feel bad for the pool operators who took the time to set up their pools and so forth, and yet again, only one pool, one exchange and a handful of rig renter miners really benefitted. I'm tired of seeing this same "crew" ruining coins for many who wanted to be part of the launch and earn some coins. I really hope we see a shift towards a Fair Distribution of future coins. To many are excluded under these conditions and I personally feel it is bad for the coin and most of the coins are in the hands of only a few after launch, I mean what's the point? Don't we want as many coins to be distributed to as many for stability and steady growth and lesson the p&d effect?
You have a good point, but when a coin doesn't hit Bittrex then it will not be traded. They had a deal with two other exchanges allcoin and that other one
but nobody trades on those, also all miners are mining on dedicated, i don't know why, but it is just a fact. That is why i like the IPO coins, this give other people the opportunity to earn money too. And also i believe there is a plan behind this coin, at least i believe.
Btw, those rig renter miners are losing money, when you have 4GH/S then it cost 2.80BTC and 72,000 coins is not 2.80 but less, a lot less.
Remember in our PM, I told you it would be listed on bittrex right after launch? and it was. All you have to do is look at the players and you can rest assured what will follow. To me its planned manipulation and a certain few are guaranteed to make a quick buck at the expense of the coin dev, the would be miners who really wanted to mine the coin, and the pool operators (with the exception of one) who get left out in the cold almost every time. Its corruption plain and simple. I regret that this dev here for Noah, got sucked into the trap and has been used as well. I plan to do all I can do to stop this racket from continuing. I honestly believe Noah coin would have faired much better and be seeing a better value right now had it been spread across the pools and mined more evenly balanced AND NOT put on bittrex so fast, but there again that was the plan from the start. I hope you can read between the lines.
EDIT"
Once the initial POW is over and or the planned coin goes on bittrex they dump as fast as they can and they take the money and run never to look back nor do they give a shit about the coin after that or its dev. They are on to the next coin launch and its dev to use, and making a chump out of the dev I might add, if the coin so suites their needs. They are like a wild pack of wolves and quite often they have the blessings of the dev especially where we see a big pre mine. I'm not sure if this dev here was in on it this time or not? time will tell.
