Topic: [ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 88. (Read 352484 times)

I just saw Karma was on Cryptorush...
that's something i didn't know..

The bid support is now gone.  I hope that the KARM/BTC book is not removed

Bid support almost entirely gone...hope this doesn't go into no-bid territory....or slip to a LTC market...I guess this just means we have more work to do...those sell walls are insane right now

Yep!  Mintpal finally got hooked up with coinwarz!  We will once again see a volume other than 0 for all the miners. 

i dont know if its been said, but something that may help us is we are now listed 8th most profitable now on coinwarz and they have finally updated our exchange to mintpal.. so difficulty my well go up just as the block rewards half... we may need to get in contact and let them know about that

Big notice the block halving!!!!!

Block half in 30 minutes.

all coins for 1 SAT get 3.7 BTC day. Volume is 13.2 BTC day.

multipools will suffer more.

I believe that in a few days will be in 3-4 SAT. 

Karmacoin back on coinwarz 

@mattboldfield - There is no regulation yet to stop all these dumb coins. Maybe bitcointalk forum should put a team to filter new coin releases and enforce standards. Exchanges accept any shit coins because they make money on every transaction. When these coins lose volume, exchanges delist them. The problem with Karma coin and its current value is, the dumping hasn’t stopped by multipools/ megaminers, the difficult is not that high and coin being new hasn’t achieved anything significant yet (hopeful on the.. Girls scout fund and its cause). But Karma coin has all the good attitude and community. Karma is an investment coin. If you ask me how long? as long as you, me, others believe the concept of coin, contribute and see how things go. As always do not invest money which you can't afford to lose.

@cryptowho

Thankyou I value your comment immensely! You speak wisely.
So wtf is going on? Where is the regulation to stop all these dumb coins hitting the market? (dumb question) Why on earth are exchanges accepting them? Is the community turning soft, is its only vote of confidence in your support of a coin? Because that doesn't even add up as Karma seems well supported. This is a long term investment I gather, but how long? Are the pools to blame?? I don't see how, as its the individuals choice to dump or not. Please fill me in on pool dumps or anything you know as it is highly appreciated. PM if you want!
I'd like to agree with you that only coins that have meaning will survive, as I am drawn to logical things not rubbish, but their is no precedent here that will be the case.
And like any human, hope is what keeps us going. And seriously I hope Karma does survive and one day flourish because their are some nice people around here.
I guess I came in at the wrong angle and I still am learning ok. But my moan is because I have flipped all coins mined so far except Karma.
I am not delusional, I don't expect to be a millionaire! But what I do expect is ROI at minimum, hence my moan mining for Karma for 4 days and receiving nothing in over 1.5 weeks of trade.
I think the people getting defensive with what I write don't have serious money tied up in mining equipment. When you take this job full time, theirs a lot of minimum requirements just to break even.
Getting paid, so I can pay my powerbill  is the minimum, getting ROI is next!
So yeah Im bashing the coin not moving, not the community!

You are about 100% wrong on every word you said. Please re - read my post explaining EXACTLY why trading at 1 satoshi is highly detrimental.

There is only 2 solutions, one, to have more decimals (ie trade in litecoin). Or 2, that the market cap increases about 25 folds. And the problem with solution 2 is that there is no adequate trading possible because of 100% spread. So it only leaves solution.

You based every word in tour post based on your based feeling that a litecoin market would mean it could drop further. And sure it can, but it's also the only way to see it increase.

The best way to explain the phenomenon to an uneducated would be if you want to buy a toy for 100$, and they are for sale at 200$, what would usually happen? You would meet somewhere between 125$ and 175$ for the final sale. But both are firm, you won't buy for more than 100$ and he won't sell for less than 200$. There will be no sale. So the supply and demand is 0 if you discard the arbitrators (those buying at 100$ and selling at 200$), which have no intention of losing potential 100% profit sales because they would lose their place in queue to be the sellers if they tried to sell at 200% profit, so they just keep buying at 100$ and selling at 200$.

That creates huge walls, and not only the walls you see, but also the walls "to be", if a lot of people start buying at 200$, they are just happy to sell more. The only way for the price to pierce that is that the demand exceeds the arbitrators volume, which, in this competitive market, will just not happen.

oh man. hope you get you btc back.


i just placed 1 btc buy order. need more karma to give away for bounties. i'd rather buy the 1 orders and use the coin properly.  

1 btc ~ 100 000 000 karma. thats like.. 100 days of mining for me. Awww yissss, motha fucking karmacoins!!!

I think you missed my point... if both exchanges delisted BTC/KARM trading pairs and switch over to only LTC/KARM pairs then effectively there is no BTC price.
this also takes the floor out of the market and allows any manipulators to drop the price even further.. resulting in far less commissions for the exchange.. so again I would suggest that no exchange in their right mind would take that risk.. it just simply is not in their interest to do that considering that LTC trading volume is about 1/5th of BTC trading volume.

the much higher risk, and what caused many people to move their money out of coins like Doge, Karm etc and into safer coins is that one of these secondary market exchanges could end up being hacked just like Mt Gox was. The more cryptocoins you list the more doors you have on your exchange for thieves siphon off coins via transaction malleability.

coinmarket.io claim that they were down in order to fix their code to prevent this... (did they preemptively fix the problem or are they recovering from a successful hack? who knows)
mintpal? crapsty?  (no news is good news right? or is ignorance bliss?... who knows)


and for what its worth.. I'm still waiting for my BTC withdraw to come out of coinmarket and its been days... sound familiar?
they claim they are processing the backlog manually now.. that sure sounds familiar!

so in short.. we can argue about spreads and liquidity all day long but that is just sidestepping the real issue.... and that issue is something we cannot control.. a spooked market... every other issue (over supply, lack of liquidity etc) will be taken care of by the market.

meanwhile many miners have bills to pay so if they cant mine any profitable coins they are forced to dump.

so in conclusion.. what i'm simply saying is that sometimes the best course of action is.. inaction...

You think you are a genius and you have figured this thing out all by yourself? Seem like you are but hurt because you can't sell your bag to make $$. You're missing the point that this is what makes this coin better.

Most of the coins , beyond January doge madness had a meaning. bitcoin community would crush them to pieces if some one just made a coin blatantly. New user name, premine ? silly info?  they would kill them down. But ever since bitcoin blew up so much,  it brought in thousands of new people, like you and me. All of the sudden everyone want to be a millionaire. un-edducated and anxious, they started to mine scrypt coins. not litecoin, because that too was late, but started to mine the coins that others wouldn't dare. Dimecoin , billioncoin , llotocoin , dogecoin, world coin earth coin , coinyewestcoin , etoke , 42 . At first it was silly to mine them and people were warning us to not waste hashrate. then doge phenomenon blew. then all of the sudden there was people investing in all these coins. all of the sudden , every coin was profitable. all of the sudden who cared what the coin represented, it would most likely have at least 5 btc buy order once it hits the exchange. (remember the days with out cryptrush , mintpal ,coinmarket ,swiss )
all of the sudden those who laughed , stoped and quickly focused their mines in the new coins. Remember the hype of coinyewestcoin? nothing was sacred anymore. Premines become a standard. and those who had doubt , lost their doubt when earthcoin went and blew up the exchanges.
all of the sudden, the community lowered their expectation. Premine was okay ,but you know.. as long as they put a one line sentence that they promise to use for "helping" the coin. New account with no info on the devs are standard now. bad lunches are Okay now. no wallets are an okay lunch now. because no one cares. no one bothers anymore because everything is a ponzi scheme. its all an effort of who can mine most and who can be first to dump in the exchanges. Nothings is sacred any more ,except the hustle to make that quick money. that is why IPOs are a thing now. Well, hopefully dying.

Dogecoin shook the foundation of litecoin community. litecoiners, who sit there mining litecoin for a month , are making less then a doge miner did with in a day.We all saw how fast they jumped ships. we all saw how almost 1/3 of litecoin hashing went to mine dogecoin. 

But if you look closely. only coins that have a meaning will survive. You can read past all the rubbish and find the real coins. coins with a working dev team and a community helping out, but most of all you can see their purpose.

It's not a semi valid point it's a 100% valid point. Satoshi is the lowest denomination of BTC, it has nothing to do with how exchanges coding works.

Listing in litecoin is essentially allow to divide further.  ie, 20litoshi is roughly .5 satoshi.  So no, 1 satoshi isn't the floor.

Furthermore what you see here with those huge sell walls is a by product of high coin supply. People forget that in trading, numbered values mean nothing, what is relevant is %. So you have a spread of 100%. It's like saying in forex you could only buy or sell at 1$ and 2$, obviously you are gonna have huge walls, you are talking about doubling the value with the spread.

Having a litecoin market would actually be beneficial. People see going to litecoin market as a failure, but it's nowhere near that. Having Having a litecoin market would mean you can trade at 45litoshi, or 47, or 68, or 250. It makes for healthier spreads which removes the incentive of buying at floor and selling at ceiling.

Im not even going their, PM me if you want a verbal numbnutz!
bcd thx for clearing that up, Im thinking most here are buying not mining this coin?
From a miners POV people have bills to pay, its not a matter of a quick dollar, its a matter of me being paid for my work which didn't happen with Karma!

@mattboldfield

Almost 35 billion Karma coins already mined. I believe most of 35 billion Karma coins were mined by Multipools and their only objective is to dump it asap for BTC. There are several alt-coins which are profitable to mine and dump even at 1 or 2 satoshi due to their mining difficulty level or by identifying specific blocks with high rewards. Multipools are raping alt-coins again and again. Only resistance is a strong community and new buyers buying the dump from multipools. Karma's bag holders are contributing and things are going in right way. If you are expecting short term gain, then you should just mine hype coins and dump it asap for BTC.

Take your self-righteous bullshit somewhere else. Do you really consider your proficiency at mining an actual skill? So you bought a few pieces of hardware and were able to actually get them working. Wow, your mom must be so proud of you. You have just confirmed that you have no real valuable skills and are just here to make money on others hard work. You are just a parasite. I am sure the makers of the hardware you bought thank you for spending your money on their products. I have news for you. Your time spent buying and configuring your hardware means absolutely NOTHING to anyone but yourself. Coming here to complain and critique this coin solidifies your rank of asshole. Go suck the blood out of some other coin and then complain that it is a piece of shit because you are not making enough money to fill the gas tank on your boat. Fuck you are such a douche bag. Do something to add value or fuckoff.

ok that is a semi valid point.. technically that is not the BTC price going below 1 Satoshi though, that is delisting the stock and relisting it in another currency.

the commissions the exchange are getting would no longer be in BTC and as others have pointed out.. because of the healthy volume, it is unlikely that any exchange would delist Karma.
All that would do is result in less commissions for them.

Better than me, how do you figure??  No, you just got lucky!
Mastered?? lol theirs nothing to master! Especially over 4 years. I have learnt 85% in 3 months. The problem is their is no guide. You read a 100 things just to get 1% of good info.
And they wonder why cryptocoins are constantly going down. Your average joe has no idea wtf is going on or has the time to filter through all the bs to get the facts.
My point is not my opinion is better, or I'm better, my point is their is no money to be made on Karmacoin, like 97% of the coins out their.
If people were serious their would be some type of society that managed cryptcoins because all these other shit coins hitting the market are diluting everything!
Their needs to be a limit of different coins and their needs to be a ban on stupid shit like panda, flap, etc. I feel like this show is being run by 16 yearn olds and Im basically collecting Tazoos or DragonballZ cards.
Fuck that this needs an adult standpoint. No offence to Karma because of the community involvement I like!
Look I made more money on elacoin FFS than Karma.
Why don't you listen to the guy telling you about the walls, maybe he is making a good point?
Like I said I like Karmacoin community but for fucks sake something has to change drastically because people want $$$
Something is not being run right here!
And you can spruik it all you want, but reality is the majority isn't interested and unfortunately waiting for this coin to move has expired my patience.
You need tip bots on facebook like reddcoin is doing!