Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 136. (Read 506425 times)

Jesus, this is your 50th post about this.

Give it up guy, repeating the same thing over and over is nothing but trolling.

"noobs" can read past 100+ pages about the issue already.


Have fun with your MAZA.

All the new "users" will be selling to get their free money before their neighbor is able to sell and get their free money.  It will be an epic selloff the likes of which crypto has never seen.

Wy not? The userbase is also over 100x after airdrop?

It is very unlikely that demand will increase by 100x to combat the 100x increase in supply.

Icelanders will catch word of the free ~$500 and immediately go to cash out as the price drops.

We know excatly what is going to the supply, but we really don't know what happens to the demand..

Picturing fat guy with carpal tunnel from that WoW South Park episode sitting at his computer for 36 hours straight spamming 0.015 Aura buys and sells non stop

Auroracoin added to Coinedup!

You would be definitely right, if these coins would be dropped to a single entity which would be willing only to sell.

However, these 10M coins are shared among 330000 ppl, so the price will be dependent on the proportion of the ppl willing to sell vs ppl willing to buy and what price both groups want. Anything can happen. You *might* be right. But you also might be wrong.

WRONG!
"Market Capacity
the potential volume of sale of goods and services"


Definitely in inlcudes also those coin which are not in curculation.

The price went up like a rocket mainly because of manipulation, coupled with slim supply.

So now that you-know-who has snatched up thousands of AUR at low prices.....

This coin is busted up.
1) Transactions take forever to confirm (seriously fix this, it took me like 12 hours to get confirmations in wallet for sending some coins)...
2) Blocks take forever to mine. . .
3) Price is pretty much devastated because people know airdrop is around corner.....
4) The price is guaranteed to drop to less than LiteCoin as soon as air-drop hits , because if its worth "anything" people who get them for free will inevitably just dump them.

5)In order for people to hold them, 40 coins has to be worth less than say 20~50$ just so that people hold them out of "curiosity", if its anything over say 100$ per 40 coins, people will probably just dump them , especially since they have no skin in the game say like miners or people who are actually trying to use the coin.


Price has to drop to say 5~10$ a coin to be "viable" for airdrop.... hence the devs being concerned about speculation driving price up.

It had no business going as high as it did , seriously . . .


If the price stays this high, it will pretty much make the airdrop a huge failure moment, because the last thing you want to do is give people coins that instantly drop 50% in value over-night and then try to sell them on the idea that its better to use than a currency that devalued 100% over 20 years....

The best thing for airdop would be is if these coins are held at artificially low values leading up to air-drop, so that when people get coins in their hand they start to appreciate in value instead of depreciate.


Best thing to do , to keep this coin healthy . . .  is to hold a few coins Say 20 % of what you mined as a reserve, and just dump what you mine every-day . . . keep the price low so when airdrop happens the coin has a freaking chance for adoption instead of just handing people something that will de-value 100% the day after the air drop.

I don't get anyone's logic right now for hoarding this coin, the price the other day was a fluke /  freak occurrence. . .  the price is clearly going to slip under 20$. . .  I think personally im going to set a few buy orders in at 5/10$ where I think you have a more . . . say realistic valuation grounded in reality.


I mean , I hate to say it . . . but 30$ is way over-priced for the inevitable chain of events that will take place.
I think sellers should get what they can NOW before price inevitably drops.... the airdrop just puts way too much downward pressure.

Best time to buy will be during the airdrop , they dont call it an air-DROP for no reason.

Then again, what do I know . . . anything could happen, maybe it could go 1 to 1 with bitcoin tomorrow, the world is full of crazy people with way too much $$$ in their hands.

How do you know this?

Are you on some of  "teams" responsible for the pump/dumps? Like wolong's?

Mining without transaction fees

Join Cloudminers, we don't handle any transactions fees.
We only handle a mining fee of 1%.

http://aur.cloudminers.net

Me too

Hit me with 10 AUR and I will bring the heavy artillery to your pool 

0.25 BTC reward for next block finder at http://aur.scrypthp.com - MPOS pool on secure server.

The calculations are based on market cap predictions.  The price per coin changes based on the market cap and the amount of coins in circulation.

The main reason I keep posting in this thread is simply to warn people about the incoming crash so noobs don't get burnt.

I also find the lack of basic logic in this thread to be very entertaining.

why your massive activities in this thread?
if I think a coin is scam I post it once and leave.
whats your intention 2 be here?

Your maths don't make sense to me

Why are you changing the BTC/AUR exchange rate?