Topic: Merged Mined Coins Association MeMiCA (Read 8237 times)

Yeah unfortunately I have had to do them each 5 satoshis of price for IXCoin instead of the every satoshi of price I prefer, but hopefully I can thicken that up once the sell offers start being bought.

I am taking my time building the buys back up to 10k satoshis again as by going slow it allows time for weak hands to dump to me at these pathetically low prices before I bother going back up again and certainly before pushing back to the 16k to 18k satoshis that prevailed in the long-ago.

Ultimately of course the goal is still $1 or more per coin, but I think that will require also supporting NaMeCoin getting it back up over $1 as most likely folks are not going to support I0Coin and IXCoin at $1 and more unless they see NaMeCoin well up over $1.

Basically we will most likely have to support all the merged mined family eventually to give them all the best chances.

DeVCoin has been the best consistent money-maker though, as its periodic breakouts to 8 or more satoshis are pretty profitable when most of the coins you sell for such prices were picked up down at 3 satoshis. Even nicer on those very infrequent occassions when you can pick a few up at 2 satoshis. To think they used to hover around 30 though, hmm, will be nice to see them back up there again...

I expect most of my bitcoins for strengthening the IXCoin and I0Coin buy sides will end up coming from DeVCoin market-making profits.

I think of those piles of offers as columns rather than as walls though, as usually when folks talk about a wall it is just one huge offer, so that once it is broken through there is a massive hole on the other side of it. I prefer columns, so no matter how high or low folks want to push there is always something there waiting for them to push against. Actual depth instead of just a thin crust.

-MarkM-