September 14th Terracoin Update - Whaling/ChinaIt is time to start whaling, and ignoring China.
As we get closer to the hard fork date (September 29th) many people wonder why the price hasn't risen though more and more people have been buying Terracoin for a masternode.
The reason behind this is that there is a very large holder of TRC on Cryptopia who will generally sell to buy orders at .00003001 btc, if the total amount of the sale is enough (meaning he ignores little numbers). He started with around 1,900,000 TRC and over the past couple of months we have whittled him down to ≈750,000.
We believe that he is one of the people who picked up a whole slew of different coins from the Cryptsy lawsuit.
What does this mean to you? It means we have 150 inexpensive masternodes for sale! Once those are gone the price will probably rise, so get them while they are cheap!
You could probably also make some money off of arbitage, which would also help spread the inexpensive masternodes around!
I guess I have to write about China.
The recent news from China has caused a massive drop in the price of Bitcoin, though Terracoin has remained pretty much uneffected.*
All this has done is prioritize The Terracoin Foundation's goal of getting on a decentralized exchange (or creating our own in the far future.) With a decentralized exchange no country can arbitrarily mess with a cryptocoin.
To summarize (tldr), lets take care of this whale, and ignore China.
Thanks again to our community! Everyone is awesome, and if you want to join our community check out some of the links below. I try to be as available as possible.
Terracoin is dedicated to helping the world while becoming a replacement for fiat currencies.
Numbers30 days ago we were at 0.00001886 BTC (.0823 USD) and today we are at 0.00003027 BTC (.1014 USD).
A year ago we were at 0.00000503 BTC (.0030 USD).
We are ranked 312 on coinmarketcap with a market cap of $2,157,630 USD. Last week our market cap was $3,139,664 USD.
Source:
http://coinmarketcap.com/currencies/terracoin/#charts
Donation AddressesTerracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
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Youtubehttps://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA*If the BTC/USD price falls then the USD price of TRC also falls (along with all other coins), but if you look at BTC/TRC is show that the value of BTC/TRC hasn't really changed. What this means is that people who hold TRC are not panic selling TRC to cash out BTC.