[ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! - page 261.

Kenta

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Quote from: testbitcoiner on January 15, 2014, 04:11:40 AM

..
this can quickly change, of course, especially at such low prices. but that is the main problem.

should EAC rise, of course, the lower the number of people who own it is, the higher the price increase.
so the opposite effect will happen, basically.

in that way, it is a accelerator, and not really a problem long term.

I agree with you. This is a self stabilizing system. The volatility we see is just because it's very few main actors.

And to the people that don't like the x2 / x5 : This is a feature of this coin only. One of the few things that makes EAC different from the others. If you don't like it, just pick one of the other 50-70 coins out there!

testbitcoiner

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Quote from: arielbit on January 15, 2014, 04:01:18 AM

i think the price will stay like this for a long time until block payout halves...because it is all about the almighty BTC

lets say at 4MHS you can get 80 worldcoin and that's .02xx btc a day and right now at 4MHS you can have 20,000 earthcoin (at the current difficulty) which can give you about .02xx btc a day

all scrypt based crypto currency will be mined by GPUs..miners just mine the most profitable coin..i think EAC was positioned to be raped by miners until block rewards halves and become more difficult to mine.

the biggest problem is spread.

the most damage by immediately selling EAC is not done because it decreases price, but because it decreases proliferation.
the less people holding EAC, the lower the price.

people who think they need to get rid of it for any reason also decrease the amount of people who have EAC...

this can quickly change, of course, especially at such low prices. but that is the main problem.

should EAC rise, of course, the lower the number of people who own it is, the higher the price increase.
so the opposite effect will happen, basically.

in that way, it is a accelerator, and not really a problem long term.

Nicho

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Quote from: GrrrCoin on January 15, 2014, 03:29:59 AM

If I may, don't do the x2 / x5 payout day.

Me either, its stupid the way these things pay out, with the seasons? as supply and demand goes, this thing has plenty of supply but it lacks in demand. I can see it hitting 70 satoshi in the next few days/weeks, not happy.

YourMine.org

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arielbit

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i think the price will stay like this for a long time until block payout halves...because it is all about the almighty BTC

lets say at 4MHS you can get 80 worldcoin and that's .02xx btc a day and right now at 4MHS you can have 20,000 earthcoin (at the current difficulty) which can give you about .02xx btc a day

all scrypt based crypto currency will be mined by GPUs..miners just mine the most profitable coin..i think EAC was positioned to be raped by miners until block rewards halves and become more difficult to mine.

GrrrCoin

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Quote from: ?? on ??

Do you guys mind if I start my ANN page with something similar to your first page? I didn't want to just steal it without permission.

thx

If I may, don't do the x2 / x5 payout day.

testbitcoiner

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Quote from: nesco1805 on January 15, 2014, 03:25:30 AM

I get what you are saying.
But EAC is not 100% manipulations-prone low-volume market and 0% SUPPLY & DEMAND market.
I'd say there is quite a bit free trade going on.

For example, there is 14M coins created every day and someone will want their BTC in exchange. But BTC is short in supply. It feeds every single alt-coin.
And that is the main reason why every alt-coin hits bottom as soon as it hits big exchange - almost EVERYONE wants their BTC cake.

If EAC manipulation was that easy, what's preventing OP, ie. EarthCoin to invest couple of BTC and walk away straight to the bank.

So yeah, I get what you are saying, if you are talking about short bursts. And Long term... it has to be sustainable by definition.

imho, any price level is just pure fantasy at the moment. EAC has just as much right to be at 1000 as it has to be at 10

nesco1805

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I get what you are saying.
But EAC is not 100% manipulations-prone low-volume market and 0% SUPPLY & DEMAND market.
I'd say there is quite a bit free trade going on.

For example, there is 14M coins created every day and someone will want their BTC in exchange. But BTC is short in supply. It feeds every single alt-coin.
And that is the main reason why every alt-coin hits bottom as soon as it hits big exchange - almost EVERYONE wants their BTC cake.

If EAC manipulation was that easy, what's preventing OP, ie. EarthCoin to invest couple of BTC and walk away straight to the bank.

So yeah, I get what you are saying, if you are talking about short bursts. And Long term... it has to be sustainable by definition.

testbitcoiner

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Quote from: nesco1805 on January 15, 2014, 02:40:37 AM

I'll admit - that is a mind blowing concept to me.
I always thought that the price is determined by things like supply and demand, product value(real/perceived) and the market purchasing power.

Extending that theory - the only thing preventing EAC to hit 10 satoshi is what.... 4-5 BTC of BUY offers.

Now we've all seen how sustainable was 300+ price.
If EAC ever hit 800 satoshi, that would last something like 1.0E-10 s, and in that time Cryptsy would either burn down along with the Internet,
or if it was able to process sale offers it would become self-aware and lead us to intergalactic conquest.

Thats how 800+ price is sustainable... IMHO Wink

sorry that I'm always so harsh in my posts.. I have carpal tunnel and typing is really painful for me

basically what I wanted to say is that low volume markets = not really supply and demand markets

not that the normal currency, stock or commodity markets are--they are not. they would be, with a real currency that is backed by a commodity, that is stable and whose backing commodity has not been short sold far beyond the availability of said commodity....

(i.e. silver and gold is sold more than physically possible. every bar in a vault somewhere has been sold multiple times. it's all a gigantic fraud. but that's not really the topic here)

low volume markets work in SHORT TERM like a poker game. the one with the lowest amount of cash is going to lose. (wikipedia: gambler's ruin --the statistical explanation for this) statistically speaking, assuming you can not read tells or nobody has any.

that is where all this gambling bullshit comes from. this leads to people believing that gambling = speculation due to their own bias towards the market and their short term observations.

long term reality always wins out. EAC either has potential or not. I believe it has.

the question is: when and how quickly will the short term picture connect to the long term one.

when it comes to price movements, the speed this can happen is dependent on sell walls, for the most part.
people like jumping bandwagons. and no walls mean, the wagon starts rolling much sooner and comes to a stop later

nesco1805

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I'll admit - that is a mind blowing concept to me.
I always thought that the price is determined by things like supply and demand, product value(real/perceived) and the market purchasing power.

Extending that theory - the only thing preventing EAC to hit 10 satoshi is what.... 4-5 BTC of BUY offers.

Now we've all seen how sustainable was 300+ price.
If EAC ever hit 800 satoshi, that would last something like 1.0E-10 s, and in that time Cryptsy would either burn down along with the Internet,
or if it was able to process sale offers it would become self-aware and lead us to intergalactic conquest.

Thats how 800+ price is sustainable... IMHO Wink

testbitcoiner

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Quote from: nesco1805 on January 15, 2014, 02:05:42 AM

Quote from: testbitcoiner on January 15, 2014, 12:51:45 AM

sell wall update for coinex:

8 BTC of small walls towards 800 satoshi

a 7 BTC wall AT 800 satoshi

then nothing up to 1000

VERY interesting

what... where

my cryptsy can only scroll up to 400 or so

is 800 satoshi code name for 0.00000420 BTC

besides what's with this upward price resistance concept, and presumption that the upper price boundary is limited only with listed volume

well, you're not even able to read what I wrote...

you know, the coinex part?

and in my experience, and I have quite some, in low volume markets the sell walls keep prices low.

if there are few or none, prices can go up easily and surprise most traders by the velocity and aggressiveness of the price movement.

in high volume markets, this is of limited importance, because every move is dulled by the amount of noise around it.

but when 10 BTC can quintuple prices, then one or 2 trades can do that without any chance of interference.

so should there be a catalytic factor, price movements without preset sell walls are very violent and go far beyond what people might expect.

minerman1234

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Quote from: nesco1805 on January 15, 2014, 02:05:42 AM

Quote from: testbitcoiner on January 15, 2014, 12:51:45 AM

sell wall update for coinex:

8 BTC of small walls towards 800 satoshi

a 7 BTC wall AT 800 satoshi

then nothing up to 1000

VERY interesting

what... where

my cryptsy can only scroll up to 400 or so

is 800 satoshi code name for 0.00000420 BTC

besides what's with this upward price resistance concept, and presumption that the upper price boundary is limited only with listed volume

Read carefully, he said coinex had a 7 btc buy wall at 800 satoshi. Not everyone here is using Cryptsy.

Listed volume is actually a pretty good indicator considering the increasing prevalence of autotraders/manipulative investors, it hints at possible market manipulation points and serve as a hard target for calculating volume necessary to demolish a wall, removing the "ceiling" and allowing market value to climb.

nesco1805

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Quote from: testbitcoiner on January 15, 2014, 12:51:45 AM

sell wall update for coinex:

8 BTC of small walls towards 800 satoshi

a 7 BTC wall AT 800 satoshi

then nothing up to 1000

VERY interesting

what... where

my cryptsy can only scroll up to 400 or so

is 800 satoshi code name for 0.00000420 BTC

besides what's with this upward price resistance concept, and presumption that the upper price boundary is limited only with listed volume

m3ta-schatten

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Activity: 84

Merit: 10

Quote from: testbitcoiner on January 15, 2014, 01:12:29 AM

Quote from: ?? on ??

So many people are mad because they lost money? Seems like the only reason? How hard is it for people to realize. All you need to do is not sell at a loss, your the one that made the stupid decision, think about it mathematically, are you panic selling because there doesn't seem to be an improvement? Everyones dumping contributes to this.

In other coins I would say dumping is a good idea, but for EAC you need to do your research on what the developers are trying to do and how EAC is different compared to all other recent altcoins.

Hands down EAC will go to 1000 satoshi by the end of 2014. If that does not happen Ill be the first to say I was sincerely wrong.

I am shocked every day how many people here do not even understand the very basics of the crypto system they invest money in...

like that guy who thought more miners would mean more EAC mined...

I read the most ridiculous assumptions from people and they end, in 95% of the cases with "that's why I sold"

this is a Darvinian moment. it the stupid will provide the mining power and electricity and the smart will get the profit.

I've been mining since the very first minute and have not sold 1 EAC.

once the last people got scared out of their mined coins, the way is free

i hope there are many others like you!

testbitcoiner

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Quote from: ?? on ??

So many people are mad because they lost money? Seems like the only reason? How hard is it for people to realize. All you need to do is not sell at a loss, your the one that made the stupid decision, think about it mathematically, are you panic selling because there doesn't seem to be an improvement? Everyones dumping contributes to this.

In other coins I would say dumping is a good idea, but for EAC you need to do your research on what the developers are trying to do and how EAC is different compared to all other recent altcoins.

Hands down EAC will go to 1000 satoshi by the end of 2014. If that does not happen Ill be the first to say I was sincerely wrong.

I am shocked every day how many people here do not even understand the very basics of the crypto system they invest money in...

like that guy who thought more miners would mean more EAC mined...

I read the most ridiculous assumptions from people and they end, in 95% of the cases with "that's why I sold"

this is a Darvinian moment. it the stupid will provide the mining power and electricity and the smart will get the profit.

I've been mining since the very first minute and have not sold 1 EAC.

once the last people got scared out of their mined coins, the way is free

ATXsilver

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Elevator is heading up gentlemen. All the people who just sold 50% below here will now start to 'chase' to get back into EAC, seeing that they foolishly dumped on the first 'dip', where they should have been buying. Remember 'buy low sell high'?

Everyone has probably seen the lows in EARTHCOIN, it has survived the ruthless crptsy 'dumpathon' & NOW money is flying back in on the buy side. Someone keeps creeping in with a 2 Million plus earthcoin share buy order, and the sell orders are getting churned. Someone is up to something, likely in concert with other speculators but the end game is clear. The big money is gonna make a run at this one boys. Time to get it and buckle up for the ride!!!!!

LONG LIVE EARTHCOIN!

lucoia

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lol, smart players those last 2 hours on cryptsy... getting more difficult to gain coins from the gaps, let's wait till the blind dumpers wake up Cheesy

testbitcoiner

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I like crypto

sell wall update for coinex:

8 BTC of small walls towards 800 satoshi

a 7 BTC wall AT 800 satoshi

then nothing up to 1000

VERY interesting

skorms

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Quote from: noobyonekenobi on January 15, 2014, 12:25:22 AM

Coinex down?

It's working for me

tbc

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Will there be a contest on page 360 or 365 or something? This EAC Altcoin Announcement page is Big.

Topic: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! - page 261. (Read 840369 times)