[ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 171.

pjviitas

sr. member

Activity: 434

Merit: 250

Quote from: ?? on ??

Quote from: super3 on March 03, 2014, 08:31:56 PM

Here are my predictions.

1) We have massive pumps to $100-200 per coin
2) Right before the AirDrop there is a massive sell off
3) Enterprising Icelanders get their AirDropped coins and sell as well
4) Media attention goes through the roof
5) Massive buyback, as everyone wants to get AUR at a low price
6) Even more media attention
7) Early Icelanders regret selling and learn to HODL
Cool

New Icelanders are wondering why they are missing out on this. Massive fiat dump into crypto.
9) Some level of acceptance in Iceland
10) Huh

11) Profit for all

I agree that this will happen. It is stupid to buy in now before the airdrop (market flooded with supply - massive selloff)

I will buy in after the airdrop/selloff occurs.

The only reason it is trading so high right now is the supply is artificially constricted.

An analogy: The price of cocaine in the US is artificially high due to the illegality of it constricting the supply. If you gave every single person in the US an ounce of cocaine for free tomorrow, the price of cocaine would crash.

This is basic economics and logic.

Bad example dude...due to the element of addiction you would have a large part of the population that would be chasing the dragon and be willing to pay whatever the price may be for their next fix.

DaFockBro

newbie

Activity: 126

Merit: 0

Quote from: pjviitas on March 03, 2014, 09:37:43 PM

Quote from: DaFockBro on March 03, 2014, 08:14:14 PM

Why don't people wait until after the massive sell-off to buy into this? I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.

At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.

There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.

Ok lets expand the hypothetical case to the world for that matter...what would happen if a new crypto-currency airdropped 0.002525 units to everyone in the world....what would happen?

There would be a massive selloff of that crypto for fiat and the price would crash in the short-term.

The airdrop is basically 10,500% inflation of the currency in one day. This will cause the price to crash in the short term.

Right now Auroracoin is extremely scarce with only 100,000 AUR. After the airdrop, it will will lose it's scarcity and drop in price.

NickPortland

member

Activity: 98

Merit: 10

I got a technical question... generally how fast are Aurora transfer?

I was looking to transfer mine from Mintpal to Cryptsy.

So how long will it take for them to get to my wallet (i know cryptsy transfers are slow already)?

Thanks.

Maurizio

hero member

Activity: 770

Merit: 500

Quote from: Kiwicon on March 03, 2014, 09:18:37 PM

Quote from: cryptoninja on March 03, 2014, 08:33:50 AM

Quote from: eozdem on March 03, 2014, 08:05:30 AM

I think the price will past bitcoin in a few days, Chineese ppl buying too much ...

seems that wolong is in this too.. http://pastebin.com/xCTa498H

How on earth did you get this info?

How you get this logs?

pjviitas

sr. member

Activity: 434

Merit: 250

Quote from: DaFockBro on March 03, 2014, 08:14:14 PM

Why don't people wait until after the massive sell-off to buy into this? I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.

At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.

There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.

Ok lets expand the hypothetical case to the world for that matter...what would happen if a new crypto-currency airdropped 0.002525 units to everyone in the world....what would happen?

P2PHash

full member

Activity: 140

Merit: 100

Hi guys, I'me setting up a new p2pool
Address: aur.p2phash.com

Could some of you try to connect to it, I'd like to test what kind of load my server can handle. Since it's p2pool you won't loose any shares coming from another p2pool and local hashrate doesn't impact your earnings
Low fee: 0.5%
Location: Switzerland (EU)

That Guy

member

Activity: 75

Merit: 10

Quote from: NickPortland on March 03, 2014, 09:23:10 PM

Quote from: That Guy on March 03, 2014, 09:19:54 PM

Quote from: NickPortland on March 03, 2014, 09:16:17 PM

Quote from: That Guy on March 03, 2014, 09:13:33 PM

Quote from: ?? on ??

Quote from: That Guy on March 03, 2014, 08:58:51 PM

I really like the idea behind Auroracoin and hope it works out. I had mined over 100 of these and recently sold on the incline, this is mainly due to my opinion that this is massively overvalued and is being pumped, this last increase I think will spike soon and we will fall WAY back down. I'm not calling this a scam or anything, just that the market is being played, and its about to drop (I think), this is the reason I sold, and hope to buy them back once it stabilizes.

At this time, Auroracoin is running on hopes and dreams, and thinking as an investor, with incoming good news about Bitcoin tomorrow, I think whoever is pumping is gonna want to switch back to Bitcoin tonight.

I'm still new to this, and this is just my opinion, so take it for what its worth.

what good news tomorrow? care to fill me in? Tongue

Nothing major, just the CEO of Blockchain.info say they have some good news to announce tomorrow, who knows what it is and what kind of an affect it could have on the price.

Where'd you hear about this?

Its on their Twitter, posted about 5 hours ago.

https://twitter.com/blockchain

I don't think it's related to Mt.Gox at all.
Or you think blockchain.info took it on themselves to look for the missing btcs?

I'm really not sure as I'm not familiar with Blockchain.info and what they are doing exactly. I'm looking at this as being an annoucement that could put a positive light back on Bitcoin after so much recent negativity.

NickPortland

member

Activity: 98

Merit: 10

Quote from: That Guy on March 03, 2014, 09:19:54 PM

Quote from: NickPortland on March 03, 2014, 09:16:17 PM

Quote from: That Guy on March 03, 2014, 09:13:33 PM

Quote from: ?? on ??

Quote from: That Guy on March 03, 2014, 08:58:51 PM

I really like the idea behind Auroracoin and hope it works out. I had mined over 100 of these and recently sold on the incline, this is mainly due to my opinion that this is massively overvalued and is being pumped, this last increase I think will spike soon and we will fall WAY back down. I'm not calling this a scam or anything, just that the market is being played, and its about to drop (I think), this is the reason I sold, and hope to buy them back once it stabilizes.

At this time, Auroracoin is running on hopes and dreams, and thinking as an investor, with incoming good news about Bitcoin tomorrow, I think whoever is pumping is gonna want to switch back to Bitcoin tonight.

I'm still new to this, and this is just my opinion, so take it for what its worth.

what good news tomorrow? care to fill me in? Tongue

Nothing major, just the CEO of Blockchain.info say they have some good news to announce tomorrow, who knows what it is and what kind of an affect it could have on the price.

Where'd you hear about this?

Its on their Twitter, posted about 5 hours ago.

https://twitter.com/blockchain

I don't think it's related to Mt.Gox at all.
Or you think blockchain.info took it on themselves to look for the missing btcs?

That Guy

member

Activity: 75

Merit: 10

Quote from: NickPortland on March 03, 2014, 09:16:17 PM

Quote from: That Guy on March 03, 2014, 09:13:33 PM

Quote from: ?? on ??

Quote from: That Guy on March 03, 2014, 08:58:51 PM

I really like the idea behind Auroracoin and hope it works out. I had mined over 100 of these and recently sold on the incline, this is mainly due to my opinion that this is massively overvalued and is being pumped, this last increase I think will spike soon and we will fall WAY back down. I'm not calling this a scam or anything, just that the market is being played, and its about to drop (I think), this is the reason I sold, and hope to buy them back once it stabilizes.

At this time, Auroracoin is running on hopes and dreams, and thinking as an investor, with incoming good news about Bitcoin tomorrow, I think whoever is pumping is gonna want to switch back to Bitcoin tonight.

I'm still new to this, and this is just my opinion, so take it for what its worth.

what good news tomorrow? care to fill me in? Tongue

Nothing major, just the CEO of Blockchain.info say they have some good news to announce tomorrow, who knows what it is and what kind of an affect it could have on the price.

Where'd you hear about this?

Its on their Twitter, posted about 5 hours ago.

https://twitter.com/blockchain

Kiwicon

newbie

Activity: 32

Merit: 0

Quote from: cryptoninja on March 03, 2014, 08:33:50 AM

Quote from: eozdem on March 03, 2014, 08:05:30 AM

I think the price will past bitcoin in a few days, Chineese ppl buying too much ...

seems that wolong is in this too.. http://pastebin.com/xCTa498H

How on earth did you get this info?

NickPortland

member

Activity: 98

Merit: 10

Quote from: That Guy on March 03, 2014, 09:13:33 PM

Quote from: ?? on ??

Quote from: That Guy on March 03, 2014, 08:58:51 PM

I really like the idea behind Auroracoin and hope it works out. I had mined over 100 of these and recently sold on the incline, this is mainly due to my opinion that this is massively overvalued and is being pumped, this last increase I think will spike soon and we will fall WAY back down. I'm not calling this a scam or anything, just that the market is being played, and its about to drop (I think), this is the reason I sold, and hope to buy them back once it stabilizes.

At this time, Auroracoin is running on hopes and dreams, and thinking as an investor, with incoming good news about Bitcoin tomorrow, I think whoever is pumping is gonna want to switch back to Bitcoin tonight.

I'm still new to this, and this is just my opinion, so take it for what its worth.

what good news tomorrow? care to fill me in? Tongue

Nothing major, just the CEO of Blockchain.info say they have some good news to announce tomorrow, who knows what it is and what kind of an affect it could have on the price.

Where'd you hear about this?

makishart

legendary

Activity: 3108

Merit: 1029

P2POOL node JUST LAUNCHED!!!
no registration required!

join our node!!
http://aur.gr2pool.eu:12347/static/

located in EU

That Guy

member

Activity: 75

Merit: 10

Quote from: ?? on ??

Quote from: That Guy on March 03, 2014, 08:58:51 PM

I really like the idea behind Auroracoin and hope it works out. I had mined over 100 of these and recently sold on the incline, this is mainly due to my opinion that this is massively overvalued and is being pumped, this last increase I think will spike soon and we will fall WAY back down. I'm not calling this a scam or anything, just that the market is being played, and its about to drop (I think), this is the reason I sold, and hope to buy them back once it stabilizes.

At this time, Auroracoin is running on hopes and dreams, and thinking as an investor, with incoming good news about Bitcoin tomorrow, I think whoever is pumping is gonna want to switch back to Bitcoin tonight.

I'm still new to this, and this is just my opinion, so take it for what its worth.

what good news tomorrow? care to fill me in? Tongue

Nothing major, just the CEO of Blockchain.info say they have some good news to announce tomorrow, who knows what it is and what kind of an affect it could have on the price.

Maurizio

hero member

Activity: 770

Merit: 500

Quote from: Kifissia on March 03, 2014, 09:08:28 PM

So where do we mine? I see all pools have mined 0 in the last hour, and almost all pools 0 the last 24hours. Who is finding the blocks?

http://p2pool.crunchpool.com:12347/static/index.html
I mine there with 7mh no, last 15hours 0.62aur.
mineabit also worked fine and the pooladmin
makes a good support, answered all my q`s.

Shahrukh

full member

Activity: 154

Merit: 100

3000 BTC/AUR here that is insane.

fearisfearless

sr. member

Activity: 250

Merit: 252

Quote from: Kifissia on March 03, 2014, 09:08:28 PM

So where do we mine? I see all pools have mined 0 in the last hour, and almost all pools 0 the last 24hours. Who is finding the blocks?

+1 With a network average time of 12 minutues? Huh

Kifissia

member

Activity: 81

Merit: 10

So where do we mine? I see all pools have mined 0 in the last hour, and almost all pools 0 the last 24hours. Who is finding the blocks?

That Guy

member

Activity: 75

Merit: 10

I really like the idea behind Auroracoin and hope it works out. I had mined over 100 of these and recently sold on the incline, this is mainly due to my opinion that this is massively overvalued and is being pumped, this last increase I think will spike soon and we will fall WAY back down. I'm not calling this a scam or anything, just that the market is being played, and its about to drop (I think), this is the reason I sold, and hope to buy them back once it stabilizes.

At this time, Auroracoin is running on hopes and dreams, and thinking as an investor, with incoming good news about Bitcoin tomorrow, I think whoever is pumping is gonna want to switch back to Bitcoin tonight.

I'm still new to this, and this is just my opinion, so take it for what its worth.

Nthused

legendary

Activity: 1554

Merit: 1001

This coin is Just Wow !

adversor

member

Activity: 112

Merit: 10

Just added Aurora coin to www.altcoinstats.com

Most profitable coin to mine atm, Marketcap > USD 800 mio Shocked

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