Topic: [ANN][KARM] Karma / ₭ / X11 - page 258. (Read 583120 times)

at a spike it might rich that much. but it will not sustain. and it will slowly come down. to probably 0.002 cents with 1:1000 ratio

you math is good if this is one time deal.

you have to keep in mind that we are dealing with billion of coin right now which get sold and then get sold and then get sold all over again. its a on going cycle. there fore you need to treat this coin as it has 100 trillion coins : )

by cutting down to 92 million we dropped down the traders volume to a 9.2 billion coin volume. which is easier to sustain.

Haha I like kibs.

According to coinmarketcap.com Karma is currently trading at $0.000021 USD.

Let's assume Karma can with relative ease increase its value 5 fold, I'll round to $0.0001.

If the ratio were changed, the prices would change as follows:
1:100=1 cent (0.2 cents at current prices)
1:1,000= 10 cents (2 cents at current prices)
1:10,000= $1.00 (20 cents at current prices)

I think 1 cent would be perfect, it allows room for further growth. 1:100

Chargin.

please think ouside the box with us. Look at bitcoin. they introduced Bits.

Now everyone tips a sum of 100 bits!  which is the same as 0.00000100 BTCs

this is true example that cryptocoins are not pennies

we can introduce Kibs and have it be equivalent of 0.001 karma

so i can tip some one 1000 Kibs!!

 : )

Yes 1 Karma = 100,000,000 Karmaoshi (I just made that up, give me a break).

I think we should be able to tip Karma instead of Karmaoshi. I guess if you can think of better name than Karmaoshi it could be better... maybe Karmaling.

I just edited that from Karmoti, to Karmoshi to Karmaoshi.

Is there any reason we can't have Karma go to more decimal places? This would also help with the conversion. What would happen to people's Karmaoshi in the split, would they need to be rounded up or down?

Can somebody please create an image which consists of the following 3 or 4 things:
1. A graph of falling karma prices (without prices listed so it can be reused over and over);
2. A bunch of shrimp swimming down in the direction of a whale (preferably a species that eats shrimp) with a thought bubble coming from the shrimp of "The price keeps going down, I need to sell now";
3. A whale just waiting in ambush, its mouth open, with a knife and fork in his flippers (if possible) with a thought bubble "yes, just a little lower, just a few more Karma on the market".
4. If you could also put a confused Karma elephant scratching its head or with the thought bubble "Hmm" in the background that would be great.

I'd also like one for:
1. A graph of rising karma prices (without prices listed so it can be reused over and over);
2. A bunch of shrimp swimming up in the direction of a whale (preferably a species eats shrimp) with a thought bubble of "the price keeps going up, I need to buy now";
3. A whale just waiting in ambush, its mouth open, with a knife and fork in his flippers (if possible) with a thought bubble "yes, just a little higher, just a few more buy orders on the market".
4. If you could also put a confused Karma elephant scratching its head or with the thought bubble "Hmm" in the background that would be great.

Chargin.

we have consulted with some great devs in the cryptoworld and they all agree Billion coins are not worth for investors.


Also the number one factor that we all miss to see is that karma should not be treated as a penny. because unlike the penny. Karma can be split in satoshis.

1 karma = 1.00000000 Karma


An other point is that . if some one has 100million coins and they decided to sell 20mills for profit they will crush the coin down.Possible down to 1 satoshi but at 100,000 coins when they sell 20,000 coins for profit that will not be a huge dent. they will get their profit and the price will fall a bit but not enough to risk us the BTC/Market.

we need the BTC market as we will constantly pushing and trying to make the progress and people will be free to trade in bitcoins. a lot of investors did not bother with us because of voility of LTC/BTC market. they would loose to much.

An other thing is the proffit spread.

As this moment you can buy 1 btc worth of karma at 2 satoshi and sell it for 3 satoshi with %33 gain!  that is crazy gain. People sit all day to mine 0.02btcs. or they can just trade us for 24 hrs and walk away with 0.33BTCs

if some one buys 1 btc worth of karma at 100 satoshis they will have to sell at 130 satoshi to make the same gain.buying 1 btc worth of karma at 1000 satoshi they will have to sell at 1300 satoshi to gain the huge profit that they can gain right now

1:100. You always need to be able to send Karma as a tip. You can't tip fractions of things, it just doesn't have the same appeal. My suggestion at 1,000  was was only for listings on exchanges, not a hard fork in the number of coins.

Make sure you are 100% confident when changing people's balances, I think you should give plenty of notice when doing it.

This is about more than who is willing to sell at what price. Look at the order depth graph on Mintpal. It has looked like since the BTC market launched and will look like that until a huge BTC order is placed and we are at around 20+ Satoshi because there aren't enough points to plot interest. Really the graph should be zoomed in to the 0 to 8 region, ignoring the rest. All of a sudden it looks so much better. If there were more price points the graph would do this. This alone impacts market sentiment.

People are placing their sell orders on the market now because the market could reach their order, but it could take days or weeks to process behind somebody willing to sell at exactly the same price as them.

I'm sure people must be speculating that they'll place their sell order then be able to rebuy at a slightly lower price due to other people backing up their order.

Market sentiment is important and the granularity issue shouldn't be mistaken for a price issue, it is no less of a technical issue with Karma than which hashing algorithm is used.

I voted for 100 but you forgot to add the no option to your poll.

+100000

Mintpal is not serious, go and see the boots, sells and buys from 50-90Karm in massiv numbers.

Securing Karma's BTC market with a reverse split

Please let us know your opinion at http://karmashares.com/forums/index.php?topic=463.0

https://bter.com/voting#KARM

also try to vote there 

I just voted, we are at 507 now.

If this isn't an invitation I don't know what is. This hasn't only been posted here so lets get cracking.

I encourage everyone to sign up to the site, vote and then vote every day. Approximately every 24 hours I'll post an update here on our progress and remind people to vote.

We don't need the most votes, we just need to show our potential. It is possible with two market makers (https://hitbtc.com/mm), perhaps coupled with a decent number of votes, Karma will be listed on hitbtc. Even if we aren't listed in the next 3 months, your votes over the next 3 months will help us get there in 3 months instead of 4, 5 or 6 months.

Day 7:
Rank 1: NFD Coin 14037 (24 hr gain +45) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 2: GlobalBoost 13005 (24 hr gain +3) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 3: BlackCoin 10590 (24 hr gain +25) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 4: Latium 7946 (24 hr gain +450) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 5: Isracoin 6872 (24 hr gain +838) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 6: Mintcoin 3510 (24 hr gain +44) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 7: VirtaCoin 2443 (24 hr gain +293) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 8: Bytecoin 1589 (24 hr gain +14) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 9: Vertcoin 1368 (24 hr gain +2) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 10: SiameseCoin 1227 (24 hr gain +328) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 11: NEMcoin 1017 (24 hr gain +4) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 12: duckNote 874 (24 hr gain +1) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 13: Darkcoin 849 (24 hr gain +2) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 14: Fantomcoin 553 (24 hr gain +0) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 15: biebercoin 524 (24 hr gain +2) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 16: Nascoin 518 (24 hr gain +0) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 17: KarmaCoin 495 (24 hr gain +19) (last 7 days gain +333) (gain since day 0 +333))
Rank 18: Primecoin 477 (24 hr gain +0) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 19: Web 2.0 Coin 414 (24 hr gain +4) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 20: 365Coin 383 (24 hr gain +4) (last 7 days gain +TBA) (gain since day 0 +TBA))


Sign up to (https://hitbtc.com/vote) then vote. It just just an email address, password and confirmation link in your email. Make sure you sign in so your vote is worth 10 times as much.

To get 1000 points it only takes 100 people voting for 10 points. To get 2000 points it only takes those same 100 people voting an additional 10 times while signed out. Lets get started.

TBA means to be advised, I'll introduce this when I have time to set up a system to automate it.
1 day is not 24 hours, it is 1 posting, I'm aiming to post once every 24 hours but sometimes I miss it due to other commitments.

Week 1 results summary:
Karma moved from rank 26 to 17, moving up a total of 9 places.
Karma increased its votes from just 162 to 495, an increase of 333, or we now have 305% of the votes we started with. For future reference, this was all while Karma prices were declining by at least half their value at the start of the weak.

Day 5 results summary:
Karma has moved up 2 places again today to rank 17.
Monero is now available on bitbtc with just 1135 votes. This has to be a market maker addition. I strongly encourage active traders to review this https://hitbtc.com/mm and contact the hitbtc team. Obviously it would be impossible to keep Karma within such a tight range, however larger spreads may be negotiable.

Day 6 results summary:
Karma dropped 1 place today to rank 18 due to the introduction of a new contender.
We are catching up to a lot of cryptocurrencies, if we get a good voter turnout for day 7 we might be able to move up 3 or even 4 places in 1 day.

Day 7 results summary:
Karma moved up 1 place today to rank 17, which is good, however voting turnout was less than usual for Karma.
If we get some good votes tomorrow I wouldn't be surprised if we move up 2 places.

It would appear as if you can only vote once while logged in. You can vote as a guest as many times as you want every 24 hours.

Please keep it up, vote again as a new user or a guest today.

Chargin.

I posted a summary a few pages back of the final four teams.  Here is a summary update for the remaining two teams:

Germany   500,000
           500,000
           100,000
        1,000,000
        1,000,000
           100,000
        1,000,000
           100,000
        1,000,000
        2,000,000
           250,000
        7,550,000

Argentina   2,000,000
           2,000,000
             100,000
             500,000
             100,000
             250,000
                    100,000
           5,050,000

Just divide your bet by the total placed on your team to find out the percent of the 34,200,000 you get.

nice!

Yea the problem is a lot of people don't really know what before looked like. And as someone who was there (as just a miner at the time) I can tell you this is nowhere close to were it was before. Unlike before we actually have a Dev and Team in place who volunteer their free time, are very active and are constantly working every chance they can to meet our goals for this coin. And unlike some of the coins who are developed and managed by some punk living in his mothers basement a majority of the Karma Team is made up of everyday professionals that live very active lives yet take the time to do what we can when physically possible. So again no we are nowhere close, nor do we even face the chance of ever even coming close to how it used to be.

We seem to get these same types of questions every 2-3 weeks.

how? gimme!

Yea please sell them now. I will also be happy to buy them up. I believe there are two types on investors, the ones that are looking for the quick buck and the ones that believe in the coin and are willing to invest in its long term future and as a result reap the rewards that come with it. Its been said 100 times but let me say it again. Karma is still in its infancy and will take on a lot of ups and downs so if you are not in it for the right reasons and are losing sleep over the day to day ups and downs then maybe this isn't the coin for you. The Karma Team is working hard to insure the success of Karma. Things take time, you have to remember the team is made up of people who believe in Karma  and volunteer their free time to do what we can to ensure this coin succeeds. So instead of crying about what you could have sold at or if you should sale now, maybe your time would be better spent getting involved in Karma  and helping to better promote it. There is no coin out there that comes close to all the projects we have in the pipeline. It is up to you to do your research on Karma and to get the word out on how awesome it is and how much better it will be. The more that see just how good we are, the more will buy all the loose coins from the dumpers and the higher the price and value will grow. Its easy to sit here and cry because you couldn't make a quick buck off other peoples hard work, but i challenge you to get involved and help us to build Karma to a level never seen before and at the same time having a hand in helping to build the value of your own wallet. That's just Good Karma.

If you want to dump your coins on the market then feel free... I will be happy to buy some of them...

but btw if you are going to seriously consider panic selling then you really should not be investing in crypto currency at all because
what we are seeing right now is just a correction and normal market fluctuations.

the sky is not falling and the rocket is not going to the moon.... we are all just at the beach and some of us are surfing some awesome waves.  

so when the big waves come crashing in, you can either panic and run for cover or you can break out your surf board...