Good job killing DGC / - page 3. | Bitcointalksearch.org

erk

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Quote from: GSnak on May 23, 2013, 05:39:56 PM

Quote from: erk on May 23, 2013, 01:56:28 PM

They are either idiots that don't know how to trade on an exchange, or stooges that are there to deliberately keep the price down. Either way they have spoilt a good coin which should be selling for 0.003 BTC not 0.00056 BTC I have stopped mining DGC because it is selling too low. Coinchoose is misleading people into mining coins that are hard to sell or sell for too little.

You seem to think that the market is wrong. The market is never wrong. If you fail to make money off rallies and pullbacks then you're wrong, not the market. Everyone makes their bets, when things go in the other direction we made a mistake, not the other way around.

I don't think the market is wrong, they are your words. I think the sellers are idiots, they don't understand the difference between coins. I believe DGC should eventually be worth one third of LTC plus or minus good will.

People who believe that the market is always right, are usual the ones that fall for market manipulation tricks. Fortunately there are many people left that still do fundamental analysis and can spot a lot of the manipulation.

GSnak

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Quote from: erk on May 23, 2013, 01:56:28 PM

They are either idiots that don't know how to trade on an exchange, or stooges that are there to deliberately keep the price down. Either way they have spoilt a good coin which should be selling for 0.003 BTC not 0.00056 BTC I have stopped mining DGC because it is selling too low. Coinchoose is misleading people into mining coins that are hard to sell or sell for too little.

You seem to think that the market is wrong. The market is never wrong. If you fail to make money off rallies and pullbacks then you're wrong, not the market. Everyone makes their bets, when things go in the other direction we made a mistake, not the other way around.

erk

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Activity: 826

Merit: 500

Quote from: Mr.V on May 23, 2013, 05:01:48 PM

Quote from: aikklond on May 23, 2013, 02:14:45 PM

Quote from: erk on May 23, 2013, 02:09:52 PM

Quote from: aikklond on May 23, 2013, 01:59:57 PM

If it should it will.

Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).

I am not selling this one .

People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)

I haven't sold any WDC yet because of people like you dumping below it's price. DGC is almost identical to WDC so there are millions of DGC out there too for you to dump. Please go mine BTC where you can do little harm.

Getting the price wrong on launch can set it back weeks even months.

You are wrong, just about 300k of DGC have been mined.

I am sorry but I did not believe in WDC. Just my view.

DGC is just a WDC clone that's why the prices are tied to each other why would anyone buy pretty much a copy cat for .003 when they can get WDC for .0005

That's partially true, but the hourly creation rate of DGC is much lower than WDC, enough to give DGC greater value assuming all coins created are in circulation which they won't be. Unfortunately sites like Coinchoose don't factor in the creation rate and number in circulation.

relm9

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Quote from: erk on May 23, 2013, 04:38:15 PM

How many crypto coins have disappeared from exchanges?

BTC-E has removed quite a few... RUCoin, FBX, TBX, GeistGeld, I0C, CLC, DVC, IXC. There may be others I've missed.

anderl

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Quote from: Mr.V on May 23, 2013, 05:01:48 PM

Quote from: aikklond on May 23, 2013, 02:14:45 PM

Quote from: erk on May 23, 2013, 02:09:52 PM

Quote from: aikklond on May 23, 2013, 01:59:57 PM

If it should it will.

Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).

I am not selling this one .

People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)

I haven't sold any WDC yet because of people like you dumping below it's price. DGC is almost identical to WDC so there are millions of DGC out there too for you to dump. Please go mine BTC where you can do little harm.

Getting the price wrong on launch can set it back weeks even months.

not exactly the same. one is coded better.

You are wrong, just about 300k of DGC have been mined.

I am sorry but I did not believe in WDC. Just my view.

DGC is just a WDC clone that's why the prices are tied to each other why would anyone buy pretty much a copy cat for .003 when they can get WDC for .0005

Mr.V

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Quote from: aikklond on May 23, 2013, 02:14:45 PM

Quote from: erk on May 23, 2013, 02:09:52 PM

Quote from: aikklond on May 23, 2013, 01:59:57 PM

If it should it will.

Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).

I am not selling this one .

People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)

I haven't sold any WDC yet because of people like you dumping below it's price. DGC is almost identical to WDC so there are millions of DGC out there too for you to dump. Please go mine BTC where you can do little harm.

Getting the price wrong on launch can set it back weeks even months.

You are wrong, just about 300k of DGC have been mined.

I am sorry but I did not believe in WDC. Just my view.

DGC is just a WDC clone that's why the prices are tied to each other why would anyone buy pretty much a copy cat for .003 when they can get WDC for .0005

anderl

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Activity: 714

Merit: 500

Quote from: erk on May 23, 2013, 02:51:04 PM

Quote from: 503guy on May 23, 2013, 02:36:26 PM

Also, if you had your way and it was linear -- there would be no reason to mine anything but BTC, since they all would produce the same amount of money in the end.

And your numbers for FTC are off, so much for simple math..

200 x (3600 / 50) = 14,400 Coins per hour

Correct, the only difference between the coins would be the energy required for SHA256d vs scrypt, and the good will component of each coin.

That's why the majority of people only mine BTC, and are seeking to reduce energy costs via FPGA/ASIC etc.

Doesn't stop my table being a useful guide for relative values to show people just how far out they were with DGC price.

except you miss the glaringly obvious variable of coins circulation.

erk

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Activity: 826

Merit: 500

Quote from: relm9 on May 23, 2013, 04:29:10 PM

Market is getting diluted. Every pump and dump since Feathercoin has finished off quicker than the last. Development continuing on past the selloff phase is what will determne is a coin has potential staying power.

How many crypto coins have disappeared from exchanges?

Quote from: jbmiller10 on May 23, 2013, 04:33:09 PM

This is why I support DGC. The lack of premine & the low block reward for early adopters should help to negate this problem.

Those things are kind of trivial, because the pre-mine issue only pisses off miners, traders don't care where the coin comes from on the exchange as they have no way to know, they are only interested in price and volume.

jbmiller10

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Quote from: relm9 on May 23, 2013, 04:29:10 PM

Market is getting diluted. Every pump and dump since Feathercoin has finished off quicker than the last. Development continuing on past the selloff phase is what will determne is a coin has potential staying power.

This is why I support DGC. The lack of premine & the low block reward for early adopters should help to negate this problem.

relm9

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Activity: 840

Merit: 1000

Market is getting diluted. Every pump and dump since Feathercoin has finished off quicker than the last. Development continuing on past the selloff phase is what will determne is a coin has potential staying power.

erk

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Activity: 826

Merit: 500

Quote from: krasnyoktyabr on May 23, 2013, 03:51:23 PM

Quote from: BitshireHashaway on May 23, 2013, 02:34:01 PM

Basic math doesn't dictate the value. And where is gldcoins on your chart?

It would be way lower than everything on there because so many millions were mined in a tiny tiny period of time.

It's lower because people are stupid and assign too much good will to BTC. LTC has been around for ages, is trading at a fraction of it's relative worth, which kind of blows your "many millions were mined in a tiny tiny period of time" theory.

Remember DGC started off with low coins per block too, and for the first couple of hours most people were getting nothing but orphans.

krasnyoktyabr

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Quote from: BitshireHashaway on May 23, 2013, 02:34:01 PM

Basic math doesn't dictate the value. And where is gldcoins on your chart?

It would be way lower than everything on there because so many are being mined in a short period of time.

erk

hero member

Activity: 826

Merit: 500

Quote from: 503guy on May 23, 2013, 03:07:16 PM

Quote from: erk on May 23, 2013, 02:51:04 PM

Quote from: 503guy on May 23, 2013, 02:36:26 PM

Also, if you had your way and it was linear -- there would be no reason to mine anything but BTC, since they all would produce the same amount of money in the end.

And your numbers for FTC are off, so much for simple math..

200 x (3600 / 50) = 14,400 Coins per hour

Correct, the only difference between the coins would be the energy required for SHA256d vs scrypt, and the good will component of each coin.

That's why the majority of people only mine BTC, and are seeking to reduce energy costs via FPGA/ASIC etc.

Doesn't stop my table being a useful guide for relative values to show people just how far out they were with DGC price.

Just so there is no confusion, here is the correct data:

Code:

Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44
FTC		200			50		14400		0.010416667	$1.30

I agree, DGC is selling for less than the other coins that produce way more coins.

There is a typo on FTC it's block time is 150 not 50 I must have typed over it by accident when I pasted here from my spreadsheet and trying to get the columns to line up.

503guy

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Activity: 140

Merit: 100

Quote from: erk on May 23, 2013, 02:51:04 PM

Quote from: 503guy on May 23, 2013, 02:36:26 PM

Also, if you had your way and it was linear -- there would be no reason to mine anything but BTC, since they all would produce the same amount of money in the end.

And your numbers for FTC are off, so much for simple math..

200 x (3600 / 50) = 14,400 Coins per hour

Correct, the only difference between the coins would be the energy required for SHA256d vs scrypt, and the good will component of each coin.

That's why the majority of people only mine BTC, and are seeking to reduce energy costs via FPGA/ASIC etc.

Doesn't stop my table being a useful guide for relative values to show people just how far out they were with DGC price.

Just so there is no confusion, here is the correct data:

Code:

Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44
FTC		200			50		14400		0.010416667	$1.30

I agree, DGC is selling for less than the other coins that produce way more coins.

erk

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Activity: 826

Merit: 500

Quote from: 503guy on May 23, 2013, 02:36:26 PM

Also, if you had your way and it was linear -- there would be no reason to mine anything but BTC, since they all would produce the same amount of money in the end.

And your numbers for FTC are off, so much for simple math..

200 x (3600 / 50) = 14,400 Coins per hour

Correct, the only difference between the coins would be the energy required for SHA256d vs scrypt, and the good will component of each coin.

That's why the majority of people only mine BTC, and are seeking to reduce energy costs via FPGA/ASIC etc.

Doesn't stop my table being a useful guide for relative values to show people just how far out they were with DGC price.

503guy

full member

Activity: 140

Merit: 100

Quote from: ?? on ??

Can I request a community silence on this thread? The thread title is misleading.

Please don't post here anymore and let it get out of here.

streisand effect, good job.

Eli0t

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WDC vs DGC the race to the bottom

503guy

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Activity: 140

Merit: 100

Also, if you had your way and it was linear -- there would be no reason to mine anything but BTC, since they all would produce the same amount of money in the end.

And your numbers for FTC are off, so much for simple math..

200 x (3600 / 50) = 14,400 Coins per hour

anderl

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Activity: 714

Merit: 500

Quote from: erk on May 23, 2013, 02:30:10 PM

Quote from: 503guy on May 23, 2013, 02:28:23 PM

Quote from: erk on May 23, 2013, 02:26:42 PM

For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table.

Code:


Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
FTC		200			50		4800		0.03125		$3.91
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44

lol LTC $15 -- good luck with your pipe dream.

It's attitudes like that which distort the market. If you don't understand the basic arithmetic then ask or leave.

you are not factoring in the amount in circulation. If I own a company that issues 1 share a week I think its pretty important for my shareholders if they in total own 1 share or 10 million shares.

the rate of coin generation is only half the equation its also the amount that is currently out there. but as others have said it is also based on demand. I million coins is worth one value when there are I million people buying it and worth another value when only 10 people are buying it.

BitshireHashaway

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Basic math doesn't dictate the value. And where is gldcoins on your chart?

Topic: Good job killing DGC / - page 3. (Read 4082 times)