Guys everyone needs to stop selling if you are. We are killing ourselves. For those of us that really care for this project we also need to help provide a floor by buying. Is there a Telegram channel or something that we can talk in real time about buying. Im specifically concerned about the Moon/LTC pair which had great volumes and was starting to catch some attention on the other trade groups I belong too. Now no one is wanting to go near it while it corrects.....
This problem will take care of itself in a few months once the block reward is reduced by 70%. Simply selling less at anything under 15 santoshi when we are on an uptrend helps as well. Probably there was too much sold in the 1 to 3 santoshi range on the way up. Not enough people truly invested in the rally.
The reductions will not change anything. As I said, I have never understood, why anyone wanted to lower the reward at all.
This is from the old ann-thread:
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Details:
Algorithm: scrypt
Max coins: 384,400,000,000 MOON (yes, billion!)
Block time: 90 Seconds
Difficulty re-target time: 8 hours
Pre-mining: Absolutely none!
Block rewards:
Blocks 1-100,000: 0-2,000,000 MOON
Blocks 100,001-200,000: 0-1,000,000 MOON
Blocks 200,001-250,000: 0-600,000 MOON
Blocks 250,001-300,000: 0-350,000 MOON
Blocks 300,001-350,000: 0-175,000 MOON
Blocks 350,001-375,000: 0-100,000 MOON
Blocks 375,001-384,400: 0-50,000 MOON
All future blocks are a fixed 29531 MOON.
Specials:
On July 21st, 2014 it will be the 45th anniversary of the lunar landing by the Apollo 11 astronauts. On this date, Mooncoin will begin to release one MOON for every USD spent on the Apollo space program at an accelerated rate: 25.4 billion!
Every block number based on the lunar cycle will be awarded a 2x payout bonus!
Other specials will come in future releases. We're open to suggestions!
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They were carefully chosen and would be great still. If 29531 or 17000 or 10000 MOON per block are rewarded, does not play a real role.
Mooncoin is Mooncoin and all here have to accept, that it has a large supply and be OK with it. It is a coin conceived for the long run and less for the get-rich-quick-type of folks. Even if they could profit big in the last days after the big rallye up to 2000% plus in Dollars (seen over the last weeks).
I really recommend all here to stay realistic. Where else can you get a profit of this size? Not in traditional markets.
Not enough people invested in the rallye? Hey man, up to a few million volume is a good thing - at least for Mooncoin. Now ALL markets are down and are slightly recovering and so does MOON. The volume will go up again. The crytocurrency-market is only at its beginning - or how many of your friends and family do you know, that own cryptos already?