Topic: [ANN][KARM] Karma / ₭ / X11 - page 262. (Read 583120 times)

Wallet download button is out of order atm

Pls fix it.
Ty

+1 was not able to say it better....

Who cares what price Karma has today? The only people worried about todays price are the ones that don't understand the future potential of Karma and what we are trying to accomplish. I am just grateful to get another chance to buy more at a discount price. This coin is still in its infancy and people need to stop trying to compare it  to other coins. There is no other coin out there like Karma, there is no other coin out there with a awesome LLC backing them made up of hardworking team members that are working hard in developing multiple projects that will put Karma at the top of the competition. It is unfortunate that we are currently living in a generation infected with instant gratification or I quit syndrome. Just buy as much Karma and you can afford to invest in, tuck it away in your wallet and go on about your day helping to promote Karma and pitch in when and where you can and soon you will be looking at a very nice nest egg that you helped to grow. Thats just good Karma. Epic accomplishments don't happen over night, but Karma is sure as hell on the right course to becoming just that. Its all just a matter of time.  

me thats who 💵💰💷💶💴💸😝

asics... will be gone soon with x11

Everyone here should ask friends to help mine KARMA, it will increase number of holders and dificulty. This will push the price up.

What are you thoughts on 50 million new coin mined each day?

1440 block a day x 35 000 coins a day.

looking at our hashrate. how many of them are holder and how many are sellers?

lets keep the discussion going ya'll

96 billion KARMa coins is too much for coin under $10million market cap. Simple solution, continue to work hard, KARMA will grow to $10 million itself. Any artificial coins changes like 1000 KARM = 1 new KARM are not fixing the problem but creating many new problems. If people belive in KARMA it will not go to 1-2 satoshi. Miners mime 35000 karma pre block, it is not much. Many of them hold, some are selling, but still it is not much. I don't know how many block is mined per day, but 200 blocks took like 4 hours, so it is like 1200 block per day =  42 million Karma daily. = 122 LTC = 1,5 BTC daily.  It is not much for such an expensive coin. There are coins with 20x less market cap mining 1 BTC daily and people do not dump them that fast.  Just help mining KARMA and holding. Spread the news about X11 sidechain. The more people will buy, the more people will mine, the less people will dump. HOLD the price at current level for 2-3 weeks and we can 10x in next 3 months and be fine at 30 satoshi.

Germany!!!!!!!!!!!!!!!!!!!! wuahahaha 5:0 wuhaaaae hhahahahahah

guess who put its karma on Germany.... wuahaa

edit: 7:1 hahahhahahahhahaha

KARM ..

In the short term .. the market is a 'voting' machine ..
In the long term .. the market is a 'weighing' machine ..  

Price is what you pay ..
Value is what you get ..

Triff .. @WarrenBuffetisms.com

no pause but aggree with price increase by working on our value. We are young and we have all those things in the pipeline. It has not even started yet. Maybe we should start talking about the real price after we saw the first profits payed out by our ipocos.... everthing else is just growing pain. Dont compare Karma to other coins.

+1 Alphi. This is just a good week btc market. Look at our price pattern. We allways got this nice floor for people to buy in. I was suprised about the high expectations. We were happy to have a higher entry for the btc market exactly because this correction had to come. I dont think that we should do anything of the suggested changes or manipulations. @Triff+Chargin: no from me. Kepp cool guys. Work on the value not on the price. Go Karma!

KarmaKaguy

they only just changed over a few days ago I was talking about future accounting issues where you have to do one calculation for transactions before block N and another for transactions after block N.

your concerns about moving to the BTC market too soon were heavily debated and the market was warned well in advance of the move that the 140 Litoshi bar might be too low, the market decided to push for the BTC/KARM trade pair regardless.

a large part of the recent price rise was a direct result of that announcement and subsequent move to the BTC/KARM market.. if that move was not announced then KARM would probably still be below 100 Litoshi right now.


I find it interesting that before the move to BTC/KARM people were pushing for it hard.. and now people are complaining about it.
I find myself wondering what they expected would happen.... did they think it would suddenly go to the moon?

In my view, karma needs to grow organically and people need to stop messing with it simply to try and manipulate the price.
but of course that's just my opinion.

people are entitled to debate and argue as much as they like but the more people talk about splits, changing the coin supply and messing with interest rates... the more they start sounding like the federal reserve, wall street and the big banks. (and before you ask "hey whats wrong with that" those are some of the most corrupt and crooked organisations on earth..)

I say watch how SAT goes over the next few months and you will see that the reverse split probably has little effect if any on the overall price (after it is adjusted).

on a side note, I have been investing in small cap stocks for many years and I can tell you from experience.. the vast majority of the time a stock that reverse splits ends up losing value for its investors.. this is because it only creates the illusion of appreciating in value without actually addressing the fundamental problems that caused it to crash in the first place.

Here another opinion: if our volume would grow from our new developments that are coming, our price could easily rise. The sell orders are per satoshi price 10-20 btc max. Thats 14500$ max, thats NOTHING. Imo, we can also grow with this btc market, but a closing of the btc market should not occur, maybe only a PAUSE of the btc market, while its still listed but the orders are deleted but the market is able to be seen. This purely out of a psychological perspective that there is no absence of the market, just a market that is temporary not open.

Any comments on this?

Cheers

I will be taking feedback for the next 30 hours.

My personal opinion ( FWIW ) is that we re-opened the KARM/BTC pair at too low a price point ..
Just go with KARM/LTC until prices are consistently greater than 20 Satoshis before trying this again ..

Just gets too confusing requesting alternate symbols ( KARMA/KARMK ) and different lot sizes ..  
KARM trading should be uniform across all exchanges where KARM is listed ..

Whatever decision is reached it should be universally applied ..
Don't forget that we'll soon have a separate 'side chain' with a different symbol  ..

Wether or not to consider a 'reverse' split would be a separate discussion ..

Triff ..

Triff, isn't this just something we have to overcome? If we see a positive perspective for Karma, shouldn't we leave the amount of coins alone? I understand your statement about the huge percentage difference in price when going from 3 to 4 satoshi or even 10 to 11. I think starting from 20 satoshi, where it would be a 5% change, is absolutely acceptable (for me personally).
The low satoshi rate may also make the coin more atactive, investors like a quick return and if it doesn't hurt the coin too much, is does give us a much needed volume

Just an opinion ofcourse, cheers

Chargin,

No the price should not go down to this level as it will have a negative influence on the peopling following us, you don't have infinite chances to regroup and the go up again. This is a tough market, if people doubt you too much, you wil lose. I hope we will gain buy support the next days so that the past week can be seen as, just a less good time.

Cheers

I'm sorry but I think the price needs to come down again so we can regroup, I'm thinking long term. I think 1-2 Satoshi is reasonable for now and I'm sure the market will head there sooner or later depending on how stubbornly people are going to throw BTC to keep it up.

The price has been inflated and support appears to be weakening. I was hoping that if we got to 5-6 Satoshi we would be able to get much higher but the market stagnated and is now correcting. There is only one real buyer that was playing around with 40 BTC at 3-4 Satoshi and by my estimates he has about 15 BTC left sitting at 2 Satoshi after pulling back his price. If that buyer leaves the market the price will drop back to 1-2 Satoshi very quickly...which probably isn't a bad thing.

After the price has come down again does anyone else think we need to get Mintpal to cancel trades and relist us on the BTC market with Karma prices being more granular? If we ask Mintpal to make the minimum trade 1,000 KARMA and call each unit KARMK or simply KARMA (many people refer to increments of 1,000 as "k"). Every 1,000 Karma = 1 KARMK or KARMA. The key advantage of this is it will make the price more granular so it is less likely to get stuck and less people will dump at any given price point. I'm a fan of Karma changing hands and I don't think it will happen unless the price can move.

I don't want the above done at current price levels. I think we got too exited on the original listing back onto the BTC market and the lead up to it. It will be far better if we can grow from 1,000 Satoshi for 1KARMK (1,000 Karma) back to 2,000 Satoshi.

Please let me know if:
1. You want the price to come down.
2. After the price comes down you want to ask Mintpal to relist us as KARMA or KARMK on the BTC market and every KARMA/KARMK on Mintpal be worth 1,000 Karma.

I will make an official poll based on the feedback to point number 2 in 30 hours. Please also give me your feedback on the first point by then as well.

Chargin.

Alphi ..

When you have a second .. search the forum for Saturn Coin ..
They just did a 'reverse' split converting SAT to SAT2 ..
The divisor was 1000 ..
I only know about it since SAT was/is listed on Cryptsy
and BigVern posted a 'heads up' about it ..
Don't know if the SAT 'devs' ran into any particular difficulties
with the change, but it was a recent event  ..

My only concern with our 'situation' is that the switch back to
a KARM/BTC trading pair occurred at such a low price point that
the minimum allowable price change ( 1 Satoshi ) represents a large
percentage price change of total coin value .. even with KARM at 20 Satoshi
+ or - 1 Satoshi is 5% ..

Triff ..

that's true for stocks because NYSE has listing requirements that a stock must to be over $1 for atleast 90 days to meet the requirements to remain on the exchange if I recall correctly. (if they do not meet the requirements they get a delisting notice which can crash the stock price)

Most Hedge funds also have a requirement of $5 share price before they can buy.

with crypto exchanges price has very little to do with delisting because we can go down to 8 decimal places so it all comes down to volume.

reverse splitting has no real effect on volume so in the case of crypto it is pointless.

if we were stuck at 1 litoshi then maybe I would be worried about being delisted from mintpal. but believe me .. if we ever went to 1 litoshi this would mean that everyone had completely abandoned the coin so it wouldn't be worth holding anyways.

also there is so much that can go wrong with reverse splitting a crypto coin because the entire history of transactions is stored in the blockchain..  this means that any kind of jiggery pokery like shifting decimals has to either rewrite the entire blockchain on everyone's computers OR have half the blockchain in one numerical format and the other half in the new format. this could potentially create major accounting problems in the future and/or leave the door open for accounting errors..   you also have to go and contact every single exchange that trades your coin and make them switch over to the new system....

in short... reverse split = very big headache very little gain.

satoshi made sure that splitting would never be necessary by making the currency go down to 8 decimal places (which can easily be extended further without messing with the math)

by extension of that logic... if splitting is not necessary then reverse splitting is also not necessary.

sat = sat2 it is not good