Hey everyone a quick update, the Dev/Test team resumed work this morning and there is a real sense we're closing in on this fix. More updates soon.
Get your shit together, this coin is a few days shy from dying.
Topic: [ANN] (WC) | WhiteCoin | BIG NEWS: Foundation, investors & more ☯ whitecoin.info - page 281. (Read 759217 times)
April 29, 2014, 11:29:30 AM
Get your shit together, this coin is a few days shy from dying.
April 29, 2014, 11:24:33 AM
Hey everyone a quick update, the Dev/Test team resumed work this morning and there is a real sense we're closing in on this fix. More updates soon.
April 29, 2014, 11:02:04 AM
Well, it depends on why people are selling or, more importantly, not buying right now. If the sell-off and low buy rate is based off the assumption that whitecoin is terminally broken, then a fix that allows PoS to work and exchanges to reopen is a positive sign and that panic selling was unwarranted. If the idea persists, that the coin's reputation is damaged beyond repair, then the fix will lead to your scenario with many people trying to exit any position they hold.
Honestly though, that would all be true if things worked as they do in semi-rational markets. What will drive the price of whitecoin is the amount of whales on either side of the bet. If enough put in big buy orders, the herd will be convinced that the price is going up because it's fixed and it will probably rise. IF enough of them put in large sell orders, the price will crater as they assume what you said is true.
I guess we'll find out soon.
Honestly though, that would all be true if things worked as they do in semi-rational markets. What will drive the price of whitecoin is the amount of whales on either side of the bet. If enough put in big buy orders, the herd will be convinced that the price is going up because it's fixed and it will probably rise. IF enough of them put in large sell orders, the price will crater as they assume what you said is true.
I guess we'll find out soon.
Well, I agree with your assessment - and I'm definitely prepared to sacrifice some profit potential by taking a wait-and-see approach myself. However, the point remains that for all intents and purposes there is a ton of scarcity in the WC market currently (at least in comparison to full liquidity of all wallets/exchanges working properly) yet it has actually lost some. In all honestly I bought a big chunk the moment I found out about the problem... because I figured the captive market would (at least initially) cause a 200-300% increase just from supply issues.
However, that was not the case - luckily I've made out well just surfing the volatility... and I plan to continue until it stops. The one thing I would agree with many on both sides of the WC 'argument' - it will either shoot to the moon or crash into the sea. The one thing I can definitely not see happening is for it to merely stay stable.
Unfortunately, anyone on the wrong side of either possibility will be even more vitriolic and emotional than they are currently - and that's a truly amazing thought considering all of the textural vomit on both coins' threads.
April 29, 2014, 10:56:09 AM
Quote from: Fluence
This user is currently ignored.
aaaaaah the silence...
April 29, 2014, 10:53:02 AM
I agree but those who are afraid to fail. Never walk on top!
http://i3.kym-cdn.com/entries/icons/original/000/004/077/Raisins_Face.jpg
April 29, 2014, 10:52:34 AM
Be careful while climbing, you might fall.
wow... I just took a look at your posting history...
Its 2 troll posts in LEAFcoin thread...
And the rest are trollposts in WC threads...
You seriously take the effort of making a new account just too troll?
Let me remind people about that gorgeous little IGNORE button on the left
April 29, 2014, 10:52:16 AM
April 29, 2014, 10:52:03 AM
lol.. the funny thing is... everybody sells right now... cause they think they can rebuy lower when the exchanges open up traffic again...
think again... how many people do you think are waiting for this?
there will be a run on the low price coins....
lets say MAYBE it goes too 600 satoshi... it will take less then a minute too recover caus a LOT of people are gonna jump on it... fighting over each other wich gets the cheapest piece... result: price climbing
think again... how many people do you think are waiting for this?
there will be a run on the low price coins....
lets say MAYBE it goes too 600 satoshi... it will take less then a minute too recover caus a LOT of people are gonna jump on it... fighting over each other wich gets the cheapest piece... result: price climbing
that is the point. you are right.
We need a working wallet. I hope it will come today.
We will see...
April 29, 2014, 10:50:32 AM
Be careful while climbing, you might fall.
I agree but those who are afraid to fail. Never walk on top!
April 29, 2014, 10:48:06 AM
WORST COIN EVER!
April 29, 2014, 10:44:15 AM
http://fast.swide.com/wp-content/uploads/scarlett-johansson-falling-down-meme-climb-2.jpg
Be careful while climbing, you might fall.
Be careful while climbing, you might fall.
April 29, 2014, 10:44:04 AM
lol.. the funny thing is... everybody sells right now... cause they think they can rebuy lower when the exchanges open up traffic again...
think again... how many people do you think are waiting for this?
there will be a run on the low price coins....
lets say MAYBE it goes too 600 satoshi... it will take less then a minute too recover caus a LOT of people are gonna jump on it... fighting over each other wich gets the cheapest piece... result: price climbing
think again... how many people do you think are waiting for this?
there will be a run on the low price coins....
lets say MAYBE it goes too 600 satoshi... it will take less then a minute too recover caus a LOT of people are gonna jump on it... fighting over each other wich gets the cheapest piece... result: price climbing
maybe yes maybe not.. too risky to wait
April 29, 2014, 10:42:51 AM
Not interested in spreading FUD - I've invested in both sides, although I'm out of WC completely at the moment, but I've got buy orders in to scoop up more WC when everything hits the exchanges... but I am afraid there's more than a little bit of wishful thinking on both sides of this argument.
Was just responding to an obvious WC holder (or more aptly someone that's obviously not a BC holder) over on the BC thread. They were delighted to point out that the BC price had dipped below 29K. There claim was that the 'math' was somehow in WC's favor.
I understand that everyone (except for the trolls perhaps) in this thread wants WC to do as well or even better than BC - and I salute your fortitude in that endeavor. I'd love to see it as I've already made a killing just trading the same 300K WC back and forth between the low 700s and high 800s. In some cases waiting less than 15 minutes to reverse for 8-9% profit! Naturally, I've been doing similarly with BC - but the trades are farther apart and less profitable naturally.
Anyway, the question I have is how there is so much belief - especially after seeing what happened with BC - that a largely captive market that has a captive sell commodity but a nearly unlimited buy side (i.e. BTC transfers have been unaffected obviously) that the movement will show gains with increased sell-side activity?
Please correct any errors you see in my thinking on this, but if there are (for arguments sake - I didn't add up all exchange offers) around 80M WC currently on the exchanges and 220M stuck in wallets - how will the price move upwards? At least initially I can't see this as a possibility. Even if 200M WC was held by 'true believers' and only ~9% (20M) decided to sell when they can... that would make 100M available for purchase - to the same pool of buyers.
Would love to hear I'm wrong in this analysis - but this isn't a simple matter of TA vs. fundamentals... it's a seemingly forgone conclusion to my way of thinking. I hope not for everyone's sake however.
Was just responding to an obvious WC holder (or more aptly someone that's obviously not a BC holder) over on the BC thread. They were delighted to point out that the BC price had dipped below 29K. There claim was that the 'math' was somehow in WC's favor.
I understand that everyone (except for the trolls perhaps) in this thread wants WC to do as well or even better than BC - and I salute your fortitude in that endeavor. I'd love to see it as I've already made a killing just trading the same 300K WC back and forth between the low 700s and high 800s. In some cases waiting less than 15 minutes to reverse for 8-9% profit! Naturally, I've been doing similarly with BC - but the trades are farther apart and less profitable naturally.
Anyway, the question I have is how there is so much belief - especially after seeing what happened with BC - that a largely captive market that has a captive sell commodity but a nearly unlimited buy side (i.e. BTC transfers have been unaffected obviously) that the movement will show gains with increased sell-side activity?
Please correct any errors you see in my thinking on this, but if there are (for arguments sake - I didn't add up all exchange offers) around 80M WC currently on the exchanges and 220M stuck in wallets - how will the price move upwards? At least initially I can't see this as a possibility. Even if 200M WC was held by 'true believers' and only ~9% (20M) decided to sell when they can... that would make 100M available for purchase - to the same pool of buyers.
Would love to hear I'm wrong in this analysis - but this isn't a simple matter of TA vs. fundamentals... it's a seemingly forgone conclusion to my way of thinking. I hope not for everyone's sake however.
Well, it depends on why people are selling or, more importantly, not buying right now. If the sell-off and low buy rate is based off the assumption that whitecoin is terminally broken, then a fix that allows PoS to work and exchanges to reopen is a positive sign and that panic selling was unwarranted. If the idea persists, that the coin's reputation is damaged beyond repair, then the fix will lead to your scenario with many people trying to exit any position they hold.
Honestly though, that would all be true if things worked as they do in semi-rational markets. What will drive the price of whitecoin is the amount of whales on either side of the bet. If enough put in big buy orders, the herd will be convinced that the price is going up because it's fixed and it will probably rise. IF enough of them put in large sell orders, the price will crater as they assume what you said is true.
I guess we'll find out soon.
April 29, 2014, 10:39:35 AM
lol.. the funny thing is... everybody sells right now... cause they think they can rebuy lower when the exchanges open up traffic again...
think again... how many people do you think are waiting for this?
there will be a run on the low price coins....
lets say MAYBE it goes too 600 satoshi... it will take less then a minute too recover caus a LOT of people are gonna jump on it... fighting over each other wich gets the cheapest piece... result: price climbing
think again... how many people do you think are waiting for this?
there will be a run on the low price coins....
lets say MAYBE it goes too 600 satoshi... it will take less then a minute too recover caus a LOT of people are gonna jump on it... fighting over each other wich gets the cheapest piece... result: price climbing
April 29, 2014, 10:33:42 AM
Hello everyone,
I am not here to spread FUD or Troll.
I think the community's investment should be protected that is why i have started a thread for PLAN B here https://bitcointalk.org/index.php?topic=589172.new#new
Regards
I am not here to spread FUD or Troll.
I think the community's investment should be protected that is why i have started a thread for PLAN B here https://bitcointalk.org/index.php?topic=589172.new#new
Regards
April 29, 2014, 10:32:43 AM
April 29, 2014, 10:30:33 AM
http://cinnimultipool.com/ http://www.cinnipool.co/ 2 CINNIcoin pools, you can mine golden here
April 29, 2014, 10:29:24 AM
Not interested in spreading FUD - I've invested in both sides, although I'm out of WC completely at the moment, but I've got buy orders in to scoop up more WC when everything hits the exchanges... but I am afraid there's more than a little bit of wishful thinking on both sides of this argument.
Was just responding to an obvious WC holder (or more aptly someone that's obviously not a BC holder) over on the BC thread. They were delighted to point out that the BC price had dipped below 29K. There claim was that the 'math' was somehow in WC's favor.
I understand that everyone (except for the trolls perhaps) in this thread wants WC to do as well or even better than BC - and I salute your fortitude in that endeavor. I'd love to see it as I've already made a killing just trading the same 300K WC back and forth between the low 700s and high 800s. In some cases waiting less than 15 minutes to reverse for 8-9% profit! Naturally, I've been doing similarly with BC - but the trades are farther apart and less profitable naturally.
Anyway, the question I have is how there is so much belief - especially after seeing what happened with BC - that a largely captive market that has a captive sell commodity but a nearly unlimited buy side (i.e. BTC transfers have been unaffected obviously) that the movement will show gains with increased sell-side activity?
Please correct any errors you see in my thinking on this, but if there are (for arguments sake - I didn't add up all exchange offers) around 80M WC currently on the exchanges and 220M stuck in wallets - how will the price move upwards? At least initially I can't see this as a possibility. Even if 200M WC was held by 'true believers' and only ~9% (20M) decided to sell when they can... that would make 100M available for purchase - to the same pool of buyers.
Would love to hear I'm wrong in this analysis - but this isn't a simple matter of TA vs. fundamentals... it's a seemingly forgone conclusion to my way of thinking. I hope not for everyone's sake however.
Was just responding to an obvious WC holder (or more aptly someone that's obviously not a BC holder) over on the BC thread. They were delighted to point out that the BC price had dipped below 29K. There claim was that the 'math' was somehow in WC's favor.
I understand that everyone (except for the trolls perhaps) in this thread wants WC to do as well or even better than BC - and I salute your fortitude in that endeavor. I'd love to see it as I've already made a killing just trading the same 300K WC back and forth between the low 700s and high 800s. In some cases waiting less than 15 minutes to reverse for 8-9% profit! Naturally, I've been doing similarly with BC - but the trades are farther apart and less profitable naturally.
Anyway, the question I have is how there is so much belief - especially after seeing what happened with BC - that a largely captive market that has a captive sell commodity but a nearly unlimited buy side (i.e. BTC transfers have been unaffected obviously) that the movement will show gains with increased sell-side activity?
Please correct any errors you see in my thinking on this, but if there are (for arguments sake - I didn't add up all exchange offers) around 80M WC currently on the exchanges and 220M stuck in wallets - how will the price move upwards? At least initially I can't see this as a possibility. Even if 200M WC was held by 'true believers' and only ~9% (20M) decided to sell when they can... that would make 100M available for purchase - to the same pool of buyers.
Would love to hear I'm wrong in this analysis - but this isn't a simple matter of TA vs. fundamentals... it's a seemingly forgone conclusion to my way of thinking. I hope not for everyone's sake however.
April 29, 2014, 10:26:46 AM
WC = welfare coin
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