Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 374. (Read 3377891 times)

oh my god, you MUST be right. time to buy buy buy. to da moon, a coining to save the world!!

At some point, this coin will be pumped like the CACHecoin, I'm darn sure about that.

No, what they should have done was to scrap the Prime nodes to allow everyone to Stake at the same rate because then it would allow for small buyers to be able to make returns for Staking. The drop was inevitable without that floor to support price but atleast if able to Stake at a higher rate then the small players would have been able to offset some of that drop so they would have only lost 90% instead of 99.8%

The biggest thing that most everyone failed to realize was that when money goes into any Crypto, there must be the same amount of further investment for all previous holders to be able to make profit so you don't want a massive marketcap because you can't make those gains. Maybe there will be a time when the marketcap will be able to support all of it's holders but considering the low volume, it would have to be much lower than it currently is.

Kenny Rodgers said it best.

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for counting
When the dealin's done

Homero has confirmed that the sec is fud again

http://talk-btc.com/t/sec-mke-big-fudd/431


And another honor program for October 1st

http://talk-btc.com/t/it-is-new-update-honor-program/432

troles liek you destoyed this coin

very good price analysis. I doubt any remaining con buyers has the mental capacity to read and understand it though

Actually you are wrong. Bitcoins purpose, as well as any other cryptos, are for speculation right now. The value comes from speculation (which was pointed out per empty gox). Although no one wants to admit this because the vast majority of people have rose colored glasses on.


Change of topic, we need more Hitler videos. Those were funny!

You should email stuart fraser and see if he wants to invest.

or homero himself he has 100mm floor he forgot to use

The "new developers" are the old developers. This thing never had a shot. A coin needs to have a reason/purpose to have value. People don't like to admit it, but bitcoin's value comes from the fact that people were able to use it to buy drugs, and because of fraud on Gox.

Paycoin's purpose was to stall and come up with a way for Garza to get more money from muggles after the hashlet cloud mining scheme started to wind down. It succeeded. Continuing on after that is stupid. There are so many coins in the hands of scumbags and/or bagholders that there is no way for this thing to move back up.

I'm out of the loop. Not interested in Paycoin and its future at all.

I am interested in thieves being brought to justice.

That implies they are capable of creating something. I'm not quite sure about that, ~ six months after they took over.

The new developers would have been better served to scrap paycoin altogether and start afresh. Paycoin will always have a permanent "scam" tatoo despite best intentions.

Now the good news: XPY is cheaper than ever. The even better news: it's going to be even cheaper soon™. A never-ending bargain.

It's the worst investment of the year by far, I feel bad for the people who plugged in so much money into it only to lose it all. A Coin can lose a lot of value quickly when there isn't the interest or the marketcap to support it and when people will sell it for a loss. The main flaw in the XPY model was (and is) the prime wallets, this is because only a few people are able to Stake at 300% (now 25%) but at 5% a year if it drops below your buy-in then you are forced to sell at a loss and often people would sell it at a loss because they need to pay bills etc. and then the coins sold at the low end up as the sell orders which further drives the price lower. Considering there was no 100 million CAF fund, it would have been FAR better to just run it with no premine at all or if using the premine they had, then to set the price with no expectation from a very very low point. It is NOT about how big the marketcap is, a marketcap is largely meaningless because you need enough people in order to support that price, it is about how little money can be spent in order to achieve the things you want and that the volume can support the amount of Coins being bought and sold.

The main mistake that the new developers made was not becoming a part of the Bitcointalk community, this is where all the developers are and the largest community so they should face everything head-on rather than quietly working away in the background. Whoever owns the prime wallets needs to be accessible, keep accounts of expenditures and full transparency because that inspires enough confidence for people to buy.

Anyways, that's my opinion as to why it fell so hard and I think it still can lose another 80-90% in price with the very small amount of volume it has.

A quick illustrated history of XPY

January 2015. Started the month at ~0.03 BTC, ended the month below 0.01 BTC. Lost more than two thirds of its value.


Edited 2020-11-28 to fix a broken image

February 2015. Started the month at ~0.008 BTC, ended the month below 0.004 BTC. Lost more than half of its value.


Edited 2020-11-28 to fix a broken image

March 2015. Started the month at ~0.0035 BTC, ended the month around 0.0021 BTC. Lost around 40% of its value.


Edited 2020-11-28 to fix a broken image

April 2015. Started the month at ~0.002 BTC, ended the month below 0.0006 BTC. Lost more than two thirds of its value.


Edited 2020-11-28 to fix a broken image

May 2015. Started the month at ~0.00060 BTC, ended the month below 0.00045 BTC. Lost more than 25% of its value. THIS IS THE BEST MONTH TO DATE - ONLY A 25% LOSS IN ONE MONTH!


Edited 2020-11-28 to fix a broken image

June 2015. Started the month at ~0.0004 BTC, ended the month around 0.0002 BTC. Lost around 50% of its value.


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July 2015. Started the month at ~0.0002 BTC, ended the month around 0.0001 BTC. Lost around 50% of its value.


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August 2015. Started the month above 0.00010 BTC, ended the month around 0.00006 BTC. Lost around 40% of its value.


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Total loss during the first 8 months of 2015: 0.03000 BTC to 0.00006 BTC, or 99.8%, or to 1/500. If you had invested $10k you would now have $20 (without the "k") - there's your floor. Actually you would have even less because BTC has declined by about 20-25% too.

Ok lol I give

I have android wallet being built (est. 2-4 days), a new CON website nearly complete, promo video being worked on plus to have the latest wallet built as 2 versions so users can choose between TOR and non-TOR but the only real changes there are addition to Multi-Send GUI and a small fix to the hashsettings.

Mostly just little things but hey, development is development

Next stop will be CON party in Vegas!

Haha not long now until CON is worth more than XPY Got a super secret surprise coming within the next week.

or maybe it would be multiple surprises?

This made my day 
kudos

Great for shorting if you set your orders low enough

I shorted at 5185 and sold for profit at 5340