Topic: LOTTOCOIN OLD THREAD, [CLOSED] - page 155. (Read 370543 times)

Thanks for the update

And +1 on the improved en new tone towards the community! This kind of dev statements will only increase support!

Hello my fellow LottoCoiner's.

We have been working hard lately, and more busy days are on the horizon.

All we need to do now,  is to put on the old thinking cap, as well as believe in Lottocoin’s future.

First of all, I would like to shed some light on what we have accomplished over the past weeks :

1. The Mac client is currently in final beta. A few more tests need to be run to make sure it is fully compatible when launched.

2. The Lottocoin website is currently being redesigned, More information on that will come, but it will be looking good, you have my word.

3. We are evaluating different options to combat the multipool effect on Lottocoin.

4. Constantly keeping a close contact with new exchanges & different game companies. To ensure LottoCoins strong position on the gaming market.

5. We have received valuable feedback from our community. Transparency of Lottocoin is our biggest priority , and more details will follow soon.

There are also some future projects being discussed, but we can’t provide any detailed information yet. When we can, you will be the first ones to know of course

Last but not least, we would like to thank the RapidBalls team for their continued support of Lottocoin. Word on the street is that are some developments in progress to payve the way for the future of Lottocoin. Localisation in Chinese is the only bit we can speak of in public right now.

The pivotal role in Lottocoin's success is the adoption of the currency. We wouldn't be where we are now without our amazing community.

A thousand thanks go out to all of you. We appreciate the feedback , and are always looking for more suggestions, requests and ideas to make Lottocoin bigger and better.

Cheers!

The reason for this is most likely due to the fact that lottocoin is over the top.
You have the initial launch which lead to alot of people trying to instamine, when that part is over the diff levels out.
Now people are holding waiting for one of the big exchanges to adopt it,which automatically means an pump in price, some might sell to speculators to still make some profit if the coin goes bust.
Once it hit the exchange you will usually have an upswing the first 24 hours, 90% of these swings does not stick and some people are left holding the bag at the top.
No one wants to lose money, so they keep on holding this til its close to worthless. (current state if you look at high/low it has had).

At this point the "free" new adopters will stop coming, from this on out it depends on the dev/team/community if the coin is gonna be successful.
That means that people gotta stop concentrating on hyping it (no more to the moon!, this coin is cheap grab it while you can!), and start focusing on getting new usefulness for the coin. That means new games/markets,securing of the block chain and so on.
This is also where a good chunk of the premine comes into the picture, to keep the development going and getting an stable base.

Now if this is done right you'll see new adopters continue to come and support the coin, either as an investor or as an contributor.

Just look at Feathercoin as an example, the exchange have it at a real low value, still the network is over 5500Mhash stable!, the community is glowing with alot of new coming members on a daily basis!
New merchant adoption is coming along with a steady paste, being on BTC-E,Cryptsy, available trough bittyliciouse, have own market, pub where you can buy with feathercoin, and new merchant adoption regularly.
This is where LOT needs to be when it comes to gambling.

I am as well noticing a focus shift from the more prominent figures within LOT, from shortterm price pumps to longterm focus on stability and credibility of the coin.
As I will hold a couple of months at least I am happy about this.
What worries me though is that there are not many new names showing up in this thread, which may indicate there are not many new adopters.

Low price on a 3 week old coin only disadvantages the fly by nighters and those wanting to dump their tripple rewards and giveaways,
but real good for those who want to invest and make tons of money 6-12 months down the track.

Ive got buys on 5-15 and would be very happy if they got filled.

if you play the game right, you can be millionaires guys. So take advantage of the situation, and enjoy the dumping, it will dry up.

Remember guys,  the big give aways, tripple rewards, and low dif is a thing of the past.... The only way to get new coins now is by buying them.
Lottocoin is one of the few coins that can actually be used for something other than trading, so we dont have to be a rocket scientest to see what the future price will bring. 

If pure scam coins with no dev support, spending ability or community can increase in value over 100x, Surly LOT will be around 5000x, but it aint going to happen overnight

You are right on the money on your estimate. LOT needs to separate themselves from all the other alt coins. It has been discussed earlier in an long extent how this could be done, or at least where to start.
Maybe now people will take the "trolling" and "fud" coming from our mouths more serious and start making LOT into what it could/should be.
The hype is over, If your standing there left holding the bag, you could either take it on the chin knowing better next time, or you could apply yourself at trying to get this coin on the right track.

The next couple of weeks will be exiting ones.

Honestly, I'm glad someone with your point(s) of view has taken an interest in Lottocoin. This is the kind of feedback & communication we need to make it stand out from other alts.

our "brain club", as you so lovingly dubbed it (it's growing on me btw) , is working out some plans, and your points of view are heavily featured in our discussions.

We're doing what we can to be as honest as possible about Lottocoin. Give us some time and a chance, you won't be disappointed

+1

I like whats happening with Rapidballs

difficulty dropped, highest ranking on coinwarz - hashcows etc arrival imminent, followed by dump.  Hold onto your hats for a while.

Surely people aren't buying into pumps like this. It was a wall that got slowly moved up from 20ish satoshi and then vanished when the buys stalled after the price jumped 40% in like 2 hours.

Compare the attitude of this hardcore marketing genius, to that of jdebunt.

Jdebunt has promoted the coin in a more mature and professional manner.  The other is just spamming giveaways and some twitter feed followed by kids.  If we want the coin to be taken seriously and not just look like any other alt coin being spammed, then follow the lead of jdebunt.  Oh, and the premine still needs full and comprehensive openbook.  Ive said it from the start, and it makes it no less true now that value has halved.  If it wants to be considered different to any other altcoin, then action on that needs to be taken now. Today.   Its on coinwarz like any other alt, its being autotraded by hundreds of people just like any other alt, and its being spammed on twitter and forums, just like any other alt.  Thats why it is being treated like every other alt.   Put me on ignore, call me a troll, throw a hissy fit if you like.  It wont change whats happening to the coin.  Im just posting it in the hope that somebody will do something about it.

Oh, and get a refund from the "hardcore marketer", and get those coins to jdeblunt.

this is a great idea

Buy order @ cryptsy: 0.00000026   43408896.50177017   11.28631309 BTC

I have one, just waiting to test it before i make it public. I dont have a mac myself, but my friend has, so ill test on his. If all good ill post it

We have RapidBalls.eu currently being localised into Chinese exactly for this purpose.

RB

that's a great idea! I hope one of our great devs can do it.

Has anyone considered translating the actual lottocoin supported game sites into other languages? I believe if we want the Chinese on this, it will require the casino/gaming sites to be in different languages to help raise LOT's interest

+1
IN! 

I can see a lot of worrying and panic going on because of the current prices, and I understand where you're all coming from.

I have seen this happen before, with WDC & DGC. Prices were kept very low because of autodumpers, and because both coins were listed on nearly every multipool.

It will be a long and hard battle against the tide, but look at where those coins are now. They got over the dumping volume & are now pretty much holding prices.

Lottocoin isn't even a month old yet, this battle will go on for quite some time, so if you're already thinking of bailing out now, please, by all means, get out.

Pushing a new coin to the top is not a quick get rich scheme, and you should all be aware of that.

You have to be prepared for a 3+ months struggle to get some results.

Your PR man (Hampuz), who is working his butt off,  is pushing this coin out to the rest of the world, but IT TAKES TIME.  Rome wasn't built overnight either, and look what it stands for now.


Keep being active on social media to promote Lottocoin. Keep the faith. We are all in this together, and we need EVERYONE to make this a success.

So you have to ask yourself : are you in, or out?

they mine/sell until the coin is dead and then they just move on to the next altcoin. :/