You guys do realise that when LOT hits cryptsy it will be a lot harder to mine & a lot more expensive to buy - right?
You do realize that that kind of pump hype around a coin isn't beneficial for it.
An healthy coin is a trading coin, not one that just consist of hoarders waiting to cash out on the first large pump.
atm you are mining at 15Mh/s.. that's a ton of coins you got in your wallet, but I do not see you trading it at 23 satoshi..
the entire volume of what's on CoinedUp for sale you probably make in a day or two
so trading is beneficial only when others do it? or how exactly does this work?
Lol, you couldn't be more wrong in your accusations..........
if you had been around before it hit coined up, you would have seen me trading away as much as i could @.12 pr MILL. Traded away around 25MILL over there, and 8MILL before that on private chat.
Have traded away around 10MILL at coinedup.
I do however wait until it goes above 0.3BTC pr MILL on coined up
Is it a smart thing to do?, who knows. at least I'm not left holding the bag after people hype it up and then dump on you, and I'm making a great profit pr day.
I apologize for my accusation, I didn't know you've traded so much
I for one plan on holding them for at least 6 months and even afterwards there will be no "dumping" from me, the coin's true value will come up way later not in the early adoption phase, so it really seems like a waste to trade them for pretty much nothing..
but the difference is that I do not have huge amounts - I have ~630Khs of my own, ~1400Khs with a borrowed GPU from a friend, and even though I started mining from the 3rd day since launch I bearly got 2mil so far so I have absolutely nothing to lose by holding onto them since dumping them at 23 satoshi is really close to nothing