Topic: hey guys im trying to buy some mintcoin, could you tell me what im looking at??? (Read 984 times)

There really is no such thing as a "fair rate" when it comes to cryptocurrency trading. People buy and sell at prices based on a lot of different factors. For example, I bought thousands of Mintcoins when people were selling them at 40 satoshis each. Now that the market is valuing them at around 25 satoshis apiece, I could very well be inclined to say that I bought too early. However, I am not. I bought the coins because I believed that the price would increase sometime in the future. I could have waited to buy until the price was lower, but no one can accurately predict market trends. It was also to my advantage that I bought early because time is a very crucial factor when it comes to minting, and I bought those coins with the sole intent of eventually minting them. So did I buy at a fair rate? From my perspective, yes. If I could have bought at a lower price, then I would have, but the question of fairness would once again come about, only this time on the side of the seller. I guess one could say that "fair" is a measure of how much you value a coin relative to how much the market values it. Those prices you see there are measurements of how the market currently values Mintcoins; the question of fairness essentially translates to "Given all that you know about Mintcoins, are you willing to spend that much to buy them or not?"

EDIT:

It seems like you had a question within your question.

That chart is just a representation of the trades that occurred within the days listed on it. The high spikes show trades where buyers bought Mintcoins at a price much higher than the average market price, while the dips show trades where buyers bought at a lower price. Hover over the bars to see more information.

I am afraid I can't answer this question.
First reason is that I didn't follow this coin (not even knew it indeed).

But the more important reason is that, it is very difficult to judge if a price is fair.
Someone bought a pizza with 10000 bitcoin in 2010, and it was considered a good deal back then.
When bitcoin hit $10 in mid-2012, people called it a bubble; bitcoin then hit $230 in less than a year and crashed to below $100, and people called it bubble burst.

Of course, on the other hand, value of some coins kept dropping, and eventually even their developers abandoned them.

does that seem like a fair rate? the graphs im watching have 1 mint coin at about .00017 usd. im really confused by all the numbers, terms, graphs etc. dont want to trouble you with to many questions  because i could go on for hours, is there a guide to all this?  thanks so much for your help

I see, so you want to buy MINT with BTC. To do so, you need to input two fields on the left box "buy MINT with BTC".

The second field "Rate" is the price you want to pay for 1 MINT (in terms of BTC). You can make an instant buy order with 0.00000027 (as shown in your screenshot), but you may set it to a lower number as well. It won't be executed, until someone is willing to sell at that price.

The first field "Amount to buy" is the amount of MINT you want to buy. Say, if you are going to buying MINT at the price 0.00000027 with all your 0.08 btc, you should enter 296296 (=0.08/0.00000027), and you should see a number very close to 0.08 shown on the "total" field.

how to trade and profit would be excellent! but in regards to this post i was more trying to figure out how to set an order. i would also like to know what this all means, im trying to gain a solid understanding but i dont know anyone involved and online sources have been difficult to come by in regards to specific info.

i know that i want to spend about 50 usd, which is about .08 btc at the moment. i dont know how to figure how much mintcoin that is and i dont understand the rate. any other tips would be very much appreciated. i want to buy maza as soon as it stops dropping, i plan to hold both long term. im putting about 150 towards maza

You want advice on how to set your orders? Or, you want advice on how to do trading and make profits from it?

im new, im reserching and having a real difficult time figuring this all out. i was wanting to put .08 btc towards this. i just bought my first btc today and as difficult as that was i have no idea what im looking at now. please explain this picture to me, and if you could advise me as to where to learn and reserch i would really appreciate it!

http://img203.imageshack.us/img203/4641/d6v0.png