Topic: NA - page 534. (Read 893616 times)

Expect massive pumps all over starting in October. Personal prediction...

i'm this weekend not on internet i'm on Lowlands!

Mainly due to bitcoin prices also going down. When bitcoin prices go up the good alts go up by a lot more. This is now a time for NLG team and community to build this coin up so when the bitcoin recession is over we need to be in a good place. I pray we will see some more updates from the team this week.

looks like alt coins are taking a beating right now!

i'm still learning a lot about cryptocurrencies but here are my thoughts on NLG mining and current price.  Let me know if I'm way off on any of this..

NLG coins per day:

Block reward: 1000 NLG coins per block
Target blocktime: 2.5 minutes
# of NLG coins mined per hour (60/2.5 * 1000) ==  24,000
# of NLG coins mined per day (24,000 * 24) == 576,000

NLG profitability:

Currently litecoin profitability is ~0.00042000 BTC per MH/s per day
Current NLG profitability is ~0.00046000 BTC per MH/s per day (assuming 1 NLG == 83 satoshi, 1,000 MH/s network hash rate)  

So most scrypt miners who immediately convert to BTC to pay their bills are better off pointing their rigs at Guldencoin than Litecoin at the moment.. especially when the NLG/BTC exchange rate is above 90 satoshi and network hashrate stays around 1,000 MH/s as it has been the last few weeks.   However, if lots of miners start mining NLG and the NLG network difficulty goes up, those miners who need to convert to BTC right away will have to sell their NLG for a higher BTC price in order to beat litecoin profitability..  otherwise they'll switch to something else more profitable.  So based on current network difficulty, hash rate, and LTC profitability, miners who are only interested in converting NLG to BTC would be happy with anything above 80 satoshi per NLG.   The next few months will be interesting for NLG and all scrypt coins with the introduction of the relatively cheap 500MH/s and 750MH/s mining devices.

Of course, people who believe in the future growth of the Guldencoin economy look at the price of 80 satoshi and think it's a bargain. I personally am a believer, amazed at what has been accomplished so far.. the fact that there are some merchants that don't accept BTC but accept NLG blows my mind.  

On the topic of total NLG coin, I think it was a very smart move designing the coin such that there will be 1.7 billion NLG in circulation.  I know people that are turned off by bitcoin simply because of the price.. thinking they can't afford to get into bitcoin because a single bitcoin will cost them 600 USD.  In 15 or so years, when most NLG are in circulation, if Guldencoin has a market cap of $80 million USD, a single NLG would be worth around 5 US cents.  I could see myself arriving at schiphol airport and buying a cup of coffee for 100 Guldencoin.  Very easy to understand from a consumer point of view.  Versus that transaction with bitcoin would be something arbitrary like 0.00003951.

Missed that one to haha.

FML that is a lot of info. So much work being put in here.

Thanks for the correction. All those zero's  

Here we go.
https://guldencoin.com/articles/how-to-buy-guldencoins-from-bittrex

Wow the support page HAS SO MUCH info now, howcome we not being told about these updates?
https://guldencoin.com/support

I believe it's 470 000 coins a day. At current prices and if all coins were dumped out it would need about .4 btc to maintain. Very cheap

Maybe it's a good idea for someone to write a tutorial on how to trade on exchanges. I'm not a good writer but I'm willing to donate some NLG.

The reason why I think this maybe is a good thing to do is I sometimes see very large buys paying asking price I think this is done by newcomers while if they put up a bid price they save themself lots of BTC and its good for a steady price of NLG cause there always miners selling off some coins.

Correct me if I'm wrong but with 470.000 coins mined a day and a steady price between 80 and 100 Sat the value of NLG goes up. In my opinion at least   .

I would just like to mention that even though the iOS project is being worked on, the team is constantly working on other dev solutions to keep building NLG to greater heights. We don't care about current value and it won't deter us from achieving the goal of mainstream NLG adoption in the Netherlands.

This really is a long long long term project!

Since I have some bleutrade shares I've been looking into the other coins that are listed on that exchange. No wonder those coins are doing bad. They have NO added value over the fact that you can collect them. This week the following coins were added:
* CzechCrownCoin
* Darkfox
* eUtopium
* HoboNickels
* KeyCoin
* Monacoin
* OrbitCoin
* SonicScrewdriver

I checked the websites/ANN posts of most of them. They list the specs and their fancy name and that's it. No value, info on innovation or niche that it fills, or whatsoever. The funny thing is to read the trollbox, people saying how great an investment *coin is (hoping to pump and dump the coin). These people don't spend money on those coins (get them by trading or so) and people why buy coins, don't buy those. As a result the market "value" drops. I mostly put them on the market for NLG.

Other alt coin prices have been dropping over 300% from a month ago. Blackcoin which is considered one of the better ones has gone from just under 30 000 to under 10 000. Same with many other alts atm. Litecoin down to USD 5.7 from 8 2 weeks ago. For the most part NLG has been very stable. When things turn around later this year it's going to be interesting times!
The fact our hash rate has gone up when NLG price has dropped slightly, shows how bad other coins are doing.

Honestly, I believe the higher coin supply will work in NLGs favour as cryptos become a lot more popular. Right now a tiny % of the worlds population are even using bitcoin but the growth rate of bitcoin is incredible. The price of NLG is holding between 80 - 100 and I think there is less then 3000 people that own it. What happens when it becomes 10k, 20k and so on. It will spread like wildfire.

Also NLG has one of the best chances of working alongside bitcoin. Bitcoin is like the store of value global currency where every other coin is trying to compete with that and will lose.
NLG can work alongside bitcoin and euro and will have a completely different market.

Very positive signs I am seeing is that merchants who don't accept bitcoin are taking on NLG and this what will make people want to use it.

I agree with you. A coin can be devided in many cents aswell, so that's not really working.  We need to attract more people (fans) into GuldenCoin and possibilities to pay with, so more online and offline Merchants. More marketing, both online and offline in the Netherlands will help to increase the value too as I expect the demands for this coin will rise.   


That would be great. I'm one of the many who wasn't an early adopter of BTC. I hope being an early adopter of GuldenCoin makes my life easier hehe.  I'll keep stacking up my GuldenCoins. I can't wait for the moment that they're worth quite a lot and that we can use it very often here in the Netherlands

The Gross Domestic Product (GDP) in Netherlands was worth 800.17 billion US dollars in 2013.

Even if NLG participates in 0.1% of the Dutch economy, in time people will be like "Holy moly imagine you were one of those guys who bought a 100 sat"

Fortunately price isn't just determined by the amount of coins out there, but also by the amount of coins used to pay with and the amount of coins held by spenders, miners, buyers etc. 840 million coins is a lot of moolah so it will certainly be a challenge to keep a steady price at that time. Although, in 3,5 years. You can probably pay at nearly every restaurant and shop in NL with Guldencoin That's the goal anyway.

I notice the block reward for NLG is not going to change for over 3 years. Do you think we can maintain current price levels when there is close to a billion coins in 3 and half years time?