Topic: [ANN][PES] Pesa - Anonymous Coin - No Premine - Dynamic Interest - PoStr - page 116. (Read 181817 times)

At a time when transparency, accountability, responsibility and professionalism are taking flight finally and coins like Vericoin, Pinkcoin and many, many others raise the bar on standards every day, this PESA project has to be the dumbest in history. This is like one kid with a second hand mac having the great idea of go to kickstarter and ask for funds to launch a coin that will never even remotely be up to par with current technologies, will be instead a copy of 800 others or more, and has not even a remote chance in hell to make it beyond one week. The fact that some miners are actually mining it is both flabbergasting and corroboration that blind stupidity will indeed remain in crypto for quite a while in spite of the ever more secure and promising offers already available.

Obviously the dumping not only is of majestic proportions, anyone with even a very small level of understanding knows that ANY price at all on this train wreck wanting to happen, is way more than double what it eventually will be worth... within days.

Why bother with coming out with a real name and a bio, a decent website, with some semblance of a roadmap, with some kind or nebulous idea of what could possibly justify this coin's existence? No need! People is so blinded by greed and stupidity that they will rent rigs to mine it and spend actual BTC in buying hoping for a quick buck if someone is even more stupid to buy from them.

Oh well, there are certain things that are simply, seemingly, inevitable.

SHAME.

 

Hey OP. Your announcement page photos have disappeared, so any people new to the thread cant get the info they need to learn about your coin.

Have a look into it ASAP or you could be losing potential buyers / miners.

I think its always good to have the info as plain text at the bottom in case this happens.

no confirmation on dedicatedpool in over 10h so espect a huge dump when they payout

VAST probably scam similar to Cnl. Same dev?

crazy miners goes to vastcoin.  200MH )) another "nopremined". pannics )))

upd: haha 316mh\s!! ))))

I'm in Cloak, it's gonna be a great week to own Cloakcoin 

M8 don't worry, grab cheap coins if you want and enjoy this quick buck

Annoyed? LOL

Miners will sell asap because they're not investors and want btc to paid bills and buy food.

Nothing wrong with this. Good that they're dumping coins, so smart buyers can easily pick it up at those cheap price level.

After PoW ends there'll be great rise.

Ok. The next halving will be in a few hours, lets see what happens a few hours after that.

I get annoyed when this statement is made. There is a difference between selling and dumping, and I wish people would learn the difference between the two.

Selling is when you ether setup hard sell walls, or sell coins into adequate buy orders a few thousand coins at a time.

Dumping is when you have several hundred to thousands of coins, and you select a low price and dump into every buy order at once until all your coins are sold. This happens in a matter of seconds.

The problem with dumping is it doesn't give the market enough time to compensate for the massive amount of coins being dumped at once.

I'm basing this on the expectation that miners will not dump coins at a loss, therefore as block reward decreases they will increase the price through manipulation or natural demand.

The first halving ended hours ago and many people like myself did wait, the dumps continued well after the halving. I do not care about the current price and I think you are missing my point. People quickly lose confidence in a coin when the value drops significantly over the span of only a few hours. Both miners and investors are important to the life cycle of a coin.

Sorry but this is stupid. Miners have to sell coins, PoW i on, it's called distribution LOL

The price is being driven down to what it should be. It's been posted throughout this thread that people shouldn't be buying before the first halving and people did anyway. You are witnessing a dump coupled with natural inflation. There is nothing nefarious about this.

There is a bit of a that as well. All I am saying is when devs create these coins they need to configure the reward so there is not millions of coins flooding the market at once. So when there is dumping it is minimal and doesn't drive the price down into oblivion.

Feels more like a game of chicken to me.  But however you wanna look at it.

If someone puts money into something that is called an investment. It doesn't matter if it is short term or long term it is still an investment.

I am not crying about buying in higher, what I am annoyed about is excessive dumping for the sake of quick BTC.

I always roll my eyes when I see the word "investor" used on this forum.  If you think anything besides BTC is getting serious investment, you are out of your mind.  Just about everything else is a pump and dump, only thing that changes is the time scale.

LOL Noobs crying like kids because they bought higher than actual price