Topic: Historic Cryptogenic Bullion thread - CLOSED - page 71. (Read 286624 times)

Some pages ago a user Mangled Blue reported some payout issues, it was a particular case that was solved and the user received the coins just fine, and no other user had issues. Just wanting to update the CGB community with that and thank you all for supporting us.

As always CGB.Minar.cc is waiting for you all to come and mine with us!
The pool is working great and paying out fast with cashouts processed in 5 minutes or less!

Minar.cc Admin

Hmm, my CGB address from cryptsy shows no results and it should be in the top 30 on coinplorer.

I did my own research on Coinplorer.  I tracked some of the movements between the top addresses and I came to the conclusion that one person or entity controls like 280K coins.

I don't think the large address belongs to Cryptsy or an exchange.  I searched my CGB address that I use on Cryptsy and it has my balance and transactions.  I believe every account holder at Cryptsy has their own address.

Yes I also really wonder what is up with the big wallets and apparent distribution, and I do somewhat worry about that as I am sure many people do. But there are two factors that make me wonder:

1. How many of the big wallets belong to mining pools and exchanges and such? Some are quite obvious, others not. Do exchanges like cryptsy have several wallets? Perhaps one for CGB/BTC, one for CGB/LTC, one or more for cold storage? Could the no. 1 wallet be something of the kind? To me it doesn't look like it, but it seems like a weird pattern/volume/timeframe of transactions and I can't really make any sense out of it. In any case the true distribution of CGB is very hard to estimate so long as a large percentage of holders keeps their coins in a "shared wallet" such as on an exchange.

2. As I already wrote some time ago, the transaction history and size of many wallets shown by coinplorer simply do not add up. Which means I cannot, for myself, trust what coinplorer is showing. Feel free to check it for yourself and make up your mind about that.

I think the addresses with those large amounts of CGB belong to the exchanges like cryptsy, and they have all their deposited CGB held together in a few addresses. The volume of CGB traded in the last few weeks suggests to me that the early miners and the majority of early CGB holders sold off (and are selling off), during this time and moved on.

I think if there was an inside job like you believe, manipulating the price, then I would think it would be manipulated in the other direction!? I would go for my former explanation. I've been with CGB from the start and it has always been the transparency and honesty of the CGB community and development team that has kept me loyal to it through thick and thin.


CGB is ridiculously cheap at the moment so being able to buy 5-10k is quite normal for investors who either have a large bank balance or a fat wallet from early bitcoin adoption.

I am not sure if I am considered an insider but I do not know who it is that is dumping. I know of a couple of top 10 holders but I highly doubt it is them dumping. I have been buying CGB since the start so I do have a top 10 status, but I also know that I am not dumping. I am really puzzled by this as the larger holders would either have bought above this current price point or they could have sold at 10x more a few weeks ago...

Sad to see the dumping but happy for the recipient buyers and welcome them to the family and community! And if distribution is a problem, perhaps this is necessary?

Anyway, the last few weeks the CGB community has really come together and begun some amazing work to advertise and develop CGB. It is a great time to get in at a low price IMHO. There is lots to be done but never in the history of CGB (even when it was $5 per CGB) did we have this kind of community involvement actively contributing to growth and development. I think this rut is very temporary as there are far too many talented and dedicated individuals involved and pushing towards a sustained long term objective.

As mentioned, most of this progress is being released and discussed on Reddit. Perhaps those in the community who are actively promoting and developing on Reddit can keep in mind to mirror the Reddit info over here for our Bitcointalk family. I know I only recently started to dabble in Reddit so I am sure others would benefit from this outlet also being updated.

Here are a couple of Reddit links to share with the Bitcointalk community what is happening:
http://www.reddit.com/r/CryptogenicBullion/comments/1ypcvl/cgb_giveaway_free_cgb_for_the_first_75_that/
http://www.reddit.com/r/CryptogenicBullion/comments/1yymoh/cgb_community_updates_input_welcome/
http://www.reddit.com/tb/1ypirk
http://www.reddit.com/tb/1yoqr7
http://www.reddit.com/r/CryptogenicBullion/comments/1yjfph/developing_a_cgb_java_backend_and_its/
http://www.reddit.com/r/CryptogenicBullion/comments/1yj1p9/community_support_needed/
http://www.reddit.com/r/CryptogenicBullion/comments/1yj0ut/do_you_have_the_hands/
http://www.reddit.com/r/CryptogenicBullion/comments/1y9zu4/new_cgb_reddit_theme/
http://www.reddit.com/r/CryptogenicBullion/comments/1y96xx/moderator_announcement_the_community_has_spoken/
http://www.reddit.com/tb/1y0uqe
http://www.reddit.com/tb/1xwmd3
http://www.reddit.com/r/CryptogenicBullion/comments/1xp2oy/cold_offline_revlar_cgb_wallet/
http://www.reddit.com/r/CryptogenicBullion/comments/1xmhvv/come_to_rgotcrypto_and_help_test_cgb_tipping_bot/
http://www.reddit.com/r/CryptogenicBullion/comments/1xj1x5/marketing_campaign_launched_at_rgotcrypto_please/

I don't know but the distribution needs to be much wider or whales are continuously going to look for price spikes to dump on.

I think their marketing has improved significantly the past few weeks.  My point is that this thread should be used for community ideas/involvement also.  This thread gets far more views than Reddit currently.

papersheepdog released his marketing strategy and this includes some of the things you have highlighted like getting the community involved with their ideas, with a list of projects individuals of the community can get involved in and develop.
http://www.reddit.com/r/GotCrypto/comments/1x7j2w/cgb_open_source_community_development_and/

Agreed.  I saw some people claiming to have 5-10k CGB in this thread.  Thats 1% of the eventual supply alone. 

No clue why you would liquidate at such a low level though unless you were intending to later pump up the price.

Does the distribution have anything to do with the price movement?  Only 1mm coins and more than 50% are held in the top 10 addresses and I suspect 1 person holds at least 27%.  I have to believe the insiders know who the big dumpers are.  Sorry, that's just the way I feel right now.  How can such a small amount of people get there hands on such a large % of coins?

A Reddit discussion is great.  Definitely should continue growing that.  We have a lot of eyeballs on this forum/thread and she make use of this opportunity.

My suggestion is compiling a list of ideas to help push the coin forward.  The CGB team can them pick and choose ideas and delegate those tasks to people with the corresponding backgrounds..marketing, development, social media etc.

I agree also with everything you are saying. I am also baffled by the price drop along with the huge amounts being dumped.

What I was saying in my earlier post was basically that those who would sell off their CB like they are at the moment, are not beneficial to CB neither in the shorter term or longer, so it is best they are out, because they are weak. Those CGB are being sold on to people hopefully with a longer term view with a goal that is much further into the future. 

Most of the CB discussion is going on over at reddit, so I would urge the community here to subscribe over there and get involved.

I appreciate your comments, and I feel the same way.  I don't think articulating in that manner is effective imo.  I am equally frustrated by seeing the value of my investment shrinking.

This coin is suppose to be a store of value, so its baffling to see the value decrease when Bitcoin is both increasing and decreasing in price.

I believe in the premise in this coin, and I do think the development team is active in this thread, which helps increase consumer confidence.

The rarity of this coin should be driving the price up.

There is a growing community over at reddit http://www.reddit.com/r/CryptogenicBullion

papersheepdog is selflessly fronting a marketing campaign over there which is getting into swing as we speak.

Members of the community are getting involved, generating ideas and working on projects and services for CGB like the new paper wallet https://cgbaddress.org/ new logo, tipbot, giveaways, and other things in the works.

CB needs a certain type of investor, one which has a vision, one which wants to be a part of something that succeeds, to help it succeed, and succeed for everyone involved, if only just by holding on to it. Not someone who wants to be a part of something temporarily for their own gain, for a quick buck, just to shit on it when it isn't going their way.

Just to clarify, I am not part of the Dev team, I am part of the community and one small voice among it. I understand what you are saying, but if I feel frustrated and want to voice my opinion to those who are selling by saying fu** I'm sorry, I will. I'm sure the majority of the community is feeling the same way.

Very frustrating.  I bought in a month ago, and the price has dropped steadily.  Purchased as a long-term investment, but the opportunity cost of not investing in other coins during this time and then buying at this lower price is annoying.

Need a huge marketing push.  This thread needs more involvement from the community, and ideas need to be generated.

Marketing is half the battle.

Saying fu** to anyone selling, rather than trying to address people's concerns is a mistake.  There are lots of other coins to invest in right now.  Imagine if your local store said that to you.   

Nice one iampingu 

For every sell there is a buyer   

Just seems lately folk are buying low and selling lower. Can't see the logic 

All it means is I get to pick up some lovely CGB that I just started investing into

Exactly.