Topic: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! - page 307. (Read 840369 times)

For those of you who may have missed it http://www.bitcoinpins.com/earthcoin.html

Ok, I'd like to put in a bit of my perspective on this.

First off, EAC, like any currency or tradeable commodity is and must be a tool for gambling!

This does not negate the second statement. The two are not mutually exclusive. In fact, they can be mutually supportive.

Here's why. Gamblers are speculators. They are the most basic of speculators. All other currency speculation "above" the level of the poker table is a nuance. All business, regardless of what you are trading, is gambling. Those who say otherwise are lying. The question is who they are lying to. If they are lying to me, they failed. If they are lying to you, you have to evaluate their success. If they are lying to themselves, which is by far the most common business "sin", then they have a real problem. And it will bite them in the ass.

That particular self delusion comes from a common but wrong idea that gambling is a game of chance. In almost all cases, it is not. Lotteries, yes, but even then there is always one winner. The lottery operator. Poker is the game I most often hear described as a game of chance. Anyone who believes this has a standing invitation to play poker with me. I like winning. Gambling is a game of psychology. What do I know about you? What can I extrapolate from that knowledge about the hand you hold, the way you'll react to a potentially higher hand, to a bluff, to sheer intimidation, to a kind word?

Business is no different. You are trying to entice people to part with their coins, so you work with what you know of their mindset. In currency exchange, you can profit MORE on a "panic" than on a rise, because in a panic those with a short time preference will dump their coins cheap just because they are risk averse. The long player will OFFER low and smile broadly when they fall for it. Same as winning the pot on a pair of fives, because the guy holding a full house couldn't tell and was frightened by your demeanor. Markets are based almost entirely on emotion. The ones who can control their passions win.

Gambling gets a bad rep because people don't understand it. Most people, in my experience, are far too risk averse to be in any sort of business, let alone straight up gambling. Those who have the ability and the willingness to risk much, often gain much. Even more often after losing rather a lot. But If I were to gamble everything I could risk, lost half of it, then gained ten times that half, was it worth it? That's the way to look at it. Short term gains are nice. They really are. But if you are playing long, these little manipulations work in your favor, AND IN THE FAVOR OF THE COIN.

In the specific case of EAC, I like the developers ideas, and their enthusiasm. If they can actually pull off their direct EAC/USD exchange, and can get some merchant processing that doesn't take the hour of six BTC confirmations, then they will dominate the alt-coin market. They might even make serious inroads on BTC itself.

On the other hand, if all that matters to anyone involved is trading coins for other currencies, then it's just another flash in the pan.

Gamble on!

At the end of the day...

Yes. It looks very nice. Cant wait to see myself holding EACs in my hand 

If the value per coin stays the same, this makes sense with such a huge portion of the coin volume dropping within the first year.
As much as i would love to see the coin plow to $1 a peice and have a massive market cap i wanna try and stay realistic with that, as huge gains mean huge crashes. Its one of the only coins so far i havent cussed out while waiting for a transfer... lol.

From what ive seen in the past ~6 months ive been watching crypto is its much better to have a steady growth... ive seen far to many 5000%+ gains go down the toilet in a matter of a few days lol.....

Excellent post thanks for that, nice to have some actual hard numbers to work with the next time one of the wannabe crypto bigwigs start micro analysing the last 2 hours coinex btc exchange rate!

what coin is going to make it?

pls vote for EAC

https://bitcointalk.org/index.php?topic=400956.60

agree..

those 2 things

This ? http://statigr.am/p/631935744185767670_970446060

 

Dont have a link,
I just typed "earthcoin" in tag search in
Instagram app on my cell phone.

I will try to google it

*Soon* !

Hey !!?? Why aint i millionaire yet?? I bought 10 eac yesterday!!

Got a link for that? I'd like to see them.

Just saw on Instagram that someone plan to make physical earthcoins.
This coin really have future

This entitlement mentality is getting old. No one is forcing anyone to mine this coin, or any other coin for that matter. If electricity costs are an issue for you then mine one of the dozens of other coins that are profitable. You have control over what pool your miners are connected to. You have control over whether you sell or hold coins. You have the choice to mine for profit right now or to be a speculative miner for bigger gains later. If you are the first one, you're mining the wrong coin and you're failing at what you set out to do. If you are the latter, then mine away because this coin should be give some nice returns long-term. Don't be so selfish in thinking the devs need to bend to your every demand "or else". If you don't like it, move along.

Hi guys, you will not like what I have to say but save and accept price spikes the whole purpose of this coin over the next year is to achieve maximum adoptability through price stability.  OMG who do I sound like!!?? hahaha BUT these are the facts and you can dream all you want.  My job is to look out for the future so in saying that here are your statistics for January 1st, 2015

Coins in circulation 7 billion.  Just over half of the money supply in the first year. Intended as 1 coin for every person on the planet unfortunately only a few hundred thousand will have them.  If it is millions then the price per coin will be higher and that is a positive variable based on media and profile.

Market cap on January 1st, 2015 $10 million USD - $20 million USD.

Effective EAC/USD price . $15,000,000 / 7,000,000,000 = .00214 USD - EXACTLY where it sits now, which would be MAGNIFICENT!

So there, everything has been demystified for you for the next year, I am sure many of you speculators are disappointed but instinctively you know it to be true.  Our job is to grow the community not to provide speculative bubble dogma.  Some of you may be disappointed with this but reality hurts.  This is not a tool for gambling, it is intended to make a difference and with the support already garnered will do exactly just that.  Some of the financial rewards for early adopters will come in the second year of the coins survival and this gives you an entire year to educate and spread accurate information which in return will reward you naturally.  Cryptsy is one of the most insignificant aspects of the currencies adoption.  You will not get your spikes my friends.  Think bigger.

I set up a goal-sheet to make some progress.
You have plenty of time to think about what we should do to raise the price, fame and quality of the Earthcoin and the Earthcoin Foundation.
Help me!

http://earthcointalk.org/forums/topic/earthcoin-community-goalsheet-work-with-me/