Topic: [ANN][MONA] Monacoin LAUNCHING 2014/01/01 0:00 GMT - page 75. (Read 283638 times)

Don't sell Japanese toasters short, most probably have voice recognition, play mp3s, and transform into a robot cat schoolgirl with karate chop action. ) _)

enough waiting for me on Mona
i like this coin but with "web service IS available only for domestic [Japan] use and we do not support Non-Japanese People" i'm out
WTS 80 Mona, pm me

Selling 1495 Mona for 0.15 Btc

Awesome. So now we're stuck with newchg.com as the only exchange we can use to trade with without getting fucked over, and even then that's not a real exchange (it's just basically a spreadsheet that doesn't do anything other than list orders, trading still has to be done person-to-person or via escrow) and it doesn't even work (Can't sell or buy for less than 1BTC, which is obviously a problem).

I wish I could say I was surprised.

I get that the site might be having issues, but do they think that alienating western miners and traders is a good idea at all? I was actually about to switch back to mining MONA since I had finally gotten the hang of trading on that site, not happening now though. I'm done with this coin entirely once I sell off my remaining MONA.

I agree, following the 2ch thread and it has very high activity. Exciting times ahead.

WTS 5K mona for BTC

PM me your rates

Yeah, I agree that we should give it more time to mature. I'm definitely holding onto my coins. I mined 400 and bought the rest at .00004 BTC per MONA so I'm set to make a nice profit when it hits .0001

To put this all in perspective,

We are talking about something with a miner base less than 500 people maximum, 11 days into the market, to expect that the entirety of the market is worth even $50,000 let alone 100 or 200k at this early stage is certainly a big stretch.

I have a better offer:
WTS 5K MONA for 0.4 BTC

Is anyone even able to post orders there at the moment? I keep trying but no matter what I put it comes up saying "Invalid amount specified", even though I successfully sold some MONA there earlier. And as far as I know there's no minimum limit on orders, I managed to put up orders in the past with less than 1MONA for sale.

Also I went to withdraw BTC and out of the 0.0773 it was meant to send out it only sent out 0.07. I can't withdraw the rest because of the minimum 0.01 withdrawal limit..

http://monatr.jp/orderbook

currently, 1 MONA = 0.0001 BTC
so, 3000 MONA should be worth 0.3 BTC

By the numbers I would give that a maximum value of about 1.35 LTC using todays numbers.
It may be worth crazy prices in the future, and its far less inflationary then things like Doge or Earthcoin, so it is more likely to maintain and or increase its value as a function of time if it is lucky enough gain greater acceptance.

Outside of that I'll also say its worth what someone will pay, I'm sure someone will disagree with my valuation, and that's there right, but at the end of the day I'm a businessman whos job it is to make the most money possible, and after running the numbers it becomes more profitable to buy mining equipment at prices over that.

I'm sure someone the right person may give you more, and if you can get lots more go for it, caveat emptor.

Well, let's say I have 3k, how much would I be able to get out of it?

Without vetted and accessible exchange ready, I give the following advice.
There are some very high sell offers but I strongly advise against paying above $0.01usd(or about 0.00045 LTC), which is about the current avg production price(including capital costs) per MONA for new entrants. Meaning anything more than that I would advise you simply invest in additional hardware, as it would likely give you more return on your investment, with far less risk.

I can't read japanese but the previous poster had a link with prices http://monatr.jp/orderbook

EDIT: http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fmonatr.jp%2Forderbook

Bump, does anyone know the current MONA/BTC rate?

Want more reason to hold? 
Check out http://www.reddit.com/r/monacoin 
Now compare it to the other alt coins like cagecoin, kittehcoin, mooncoin, billioncoin, ronpaulcoin. 
Monacoin has people opening up shops accepting monacoin. All those coins above don't
Monacoin users opened up their own exchange. THEY OPENED UP THEIR OWN FULLY FUNCTIONAL EXCHANGE! http://monatr.jp/orderbook
Monacoin users are actively developing, screenshot of wallet app on reddit. Website that incorporates ransom for showing secret text.

The coins above are all on Coinedup and doing horribly(rpc doing okay maybe) because the people who have them only wanted to dump them.

Monacoin is actually being used for its intended purpose, a medium for exchange.

Here is my take on MONA.

I was, as recently as today, going to dump all my MONA for cheap. Why? I didn't think this coin was going anywhere.
Then I changed my mind.
More specifically, I remembered something from my youth.

When I was 12, I had a job at a paddle manufacturing facility. We made kayak paddles and canoe paddles. We made something like 20-30 paddles a week (my memory is foggy, this was 30yrs ago).
Suddenly, out of the blue, we were exporting hundreds of kayak paddles. Couldn't keep up with orders. Backordered for months.
Why?

For some reason I will never understand, hanging kayak paddles above your mantle became in vogue in Japan. 

Then, as soon as we started to get orders under control, the fad ended. Back to 20-30 paddles a week.

The point to my story is, when the Japanese people get wind of something perceived as new and cool (and their friends like and/or use it), all bets are off. A strange kind of mania takes over and if you catch the wave at the right time you can profit handsomely.

I realise this little anecdote may be irrelevant to crypto-mining and currency speculation, but it did make me stop and hold my MONA. All I have to lose is few hours of hashing. Hats off to the speculators, I wouldn't do it but it takes balls and risk to make $$, eh? 

Calculated risk, true, but I consider it a generous offer since the lifetime cost per unit averages far less than the current entry price. Paying greater than new unit price for an asset that has a high and very real risk of total loss(0% R.O.I.) and nearly zero liquidity, would be unwise. Anything greater than new unit cost is illogical from my standpoint, and I've offered greater than 90% of that, therefore calculated generosity.

This may be true, but it doesn't make your offer "very generous". It is a calculated risk, therefore reasonable, not generous.