Topic: Coinye [KOI/COYE] You can't kill a gayfish. - page 176. (Read 715934 times)

wow, network hashrate is backup and the difficulty is still low. this gayfish got a life of its own

Also aren't the makers from outside the country? (At least some of them). Good luck with that lawsuit...literally kanye will not get anything but lawyers fees even if the judge finds the creators liable.

lmfao, and then what...sue them for 1/100000th of his net worth....fuckin retarded fish

That total network hash rate is wrong. If you read the last 2 pages in this thread, you would have realized that. Check the hash of other pools before shitposting.

These are fair prices. I will sell 6 million coinye for 0.1BTC/mill, 210,000 DOGE/mill or 3.3LTC/mil

selling 434K Coinye for 100k DOGE or 0.045BTC or 1.6LTC

I think i miss the party   well mining at coinye.pw now plz donate some coinye

5ZNKXBsWxNfJgRcZKmWWxxKgHYpKUye3SB

Thanks

First, my point is that if you restrict supply, while prices go up, the quantity traded goes down. Since coins functionally DEPEND on transactions, restricting trades is effectively a death sentence for coins.

Additionally, not everyone who wants to sell will ever get in on the higher prices. If you look at the posts the last few days I have attempted to sell my coinye (at much lower than 50-75 satoshi) at least 4-5 times. Guess what? I still have my coinye. If you actually got it at that price, great. But I bet it was a volume way less than the 6 mil I tried to sell. What does that mean? It means that artifically restricting supply leads to lower volume transacted.

Finally, as one other poster alluded, this is not like OPEC. OPEC sells oil, which means they want to sell at highest marginal returns. We are a coin, our value, and I repeat, DEPENDS ON THE NUMBER OF TRANSACTIONS. We are not a commodity like oil which has uses outside of just trading or buying and thus we can not restrict the number of trades and not have it bite our ass.

I happen to understand economics. I think namedropping is just petty but trust me when I say I have formal graduate studies in economics at a high ranking university. Please trust me when I say that what you attempt to do by forcing prices high is you effectively kill a coin.

there is nothing kanye can to to stop this. thousands of people probably own at least 1 coinye coin, whats he going to do sue everyone that owns one..yea good luck with that

Actually, you are only part right... the part about creating a demand.

And that price wasn't fake.   If you didn't get in on it, then you missed out. Supply and demand is the key also. If there is to much supply, then there is no demand and prices drop. If supply and demand are equal, prices stay the same. If demand is higher then supply (meaning people aren't selling) then price goes up. Simple economics that has a structured backbone that has been proven time and time again. If you don't understand that, then you will learn it probably when you hit 10th grade economics.

The key is to maintain a specific price AND do those things that you mentioned and more.


Lastly, at least you matched my price and didn't undercut me! 

http://abcnews.go.com/Entertainment/wireStory/ny-judge-kanye-west-win-coinye-lawsuit-21564175

now look at the old coinye homepage.

http://coinyeco.in/

now lol.

I agree. Alt communities do not have the discipline of OPEC.

That's not how markets work. This artificial type of pump doesn't last and leads to a huge dump later on, every time. I've seen it happen over and over again. You don't build markets by restricting supply and convincing people to not sell, you build markets by increasing demand. This means:

promoting outside of the community
making it easy for people to buy (read: exchange)
getting hype going for non-crypto people (something coinye has that other alts don't)

Please let people sell at the price they feel is fair, if you think it's way undervaluing the coin, then simply buy it at that price. If you won't buy then there's no reason to say that the price is too low. Remember! The market determines the price, that means buyers AND sellers, not just sellers.

Edit: You realize that the price the last few days was FAKE right? Nobody sold at the 50-75 satoshi price that was quoted in the forums the last few days. That's what happens when you convince people to only sell at those prices, NOBODY BUYS and the coin doesn't get traded at all (in otherwords, it dies). I will HAPPILY undercut all these fake prices to sell my coinye so that a trade ACTUALLY happens instead of sellers huffing and puffing and completely ignored by buyers.

Selling coinye 0.1BTC/million PM me.

Tell me about it... i invested 4 days of mining and $800 into EAC and watched morons mine it and undercut to the ground even though it was less profitable than mining LTC directly. They still did it. They still devalued EAC...and continue to do so.

People are idiots bro. The problem is many do realize others are idiots so instead of be like me and lose money, they sell lower to get out quick. It's a vicious cycle that i learned the hard way.

Network hashrate going up!

I would sell one of my million for 0.2 BTC

(lets keep it going, that way we can drive the price in the ground and make this coin worthless.)



Do you guys not realize by undercutting the person that just posted, you devalue this coin? If everyone decided a set price for the coin and that is just what it is, we all could get rich and drive the price up? It's common sense people. Afterall, a quarter was $0.25 yesterday and it still is today.

USE YOUR HEADS!

I wts my 2m just to 0.5 btc

ill sell my 2 million for 1btc.. that the lowest ill go  

Edit:i know it high, i am not really looking to sell but if someone offer it i would take it.

Sh*tty people are always dumping 

Everyone want's to sell... LOL.