I really like the potential future of this coin and the concept, you guys have the most professional look on your ANN page and so many features I can't believe the coin isn't worth more right now and it's for a good cause, it's a shame greed takes over too many people I'm mining this coin now because I support instead of being over run with greed and mining the current gold rush coins
I have to remind this community of what was said earlyer and also many have followed the same thinking with similar posts of discontentment:
It is not weird at all. There are 15 billion coins to be in existence and with a 5000 coin block reward with no block halving on this coin with a difficulty re-target everyblock. Meaning a Miner hashing with 14mh/s which is not much nowadays to have. This miner at current difficulty and market price is making around 0.25 BTC per day! I am amazed how the price is still this high. Because these miners are dumping hard like monkeys! I was dumb enough to buy this with my eyes set on the marketplace lure but the cold harsh truth is that with the current Noble coding it is going to be hard to not have these miners dumping all their coins. Why? Because it profitable to do so and they don't give a rats ass about the Marketplace, Waterproject or any other project that might come with Noble.
There are few people that support a coin because of noble causes. They want money. Pure and simple profit!!!
And to be honest if the ones that are in charge of this project leave the price at the mercy of pump and dumpers aswell as daytraders, I don´t see much future here with all these new coins coming out everyday! If you do not bring big players and investors to Noble, it is doomed to fail on the long run. It will fall to oblivion like those coins launched back in early 2013 when people will start to feel that the price is not going up no matter what projects the dev might come up with. And then people will sell, miners won't have profit, they stop mining, hashrate will fall and price will fall again and again...
I am sorry to write a negative post but I must alert the community and the DEV team for a wakeup call so I can protect my investment!
Hope you do something about it more than you already have done!
Cheers
And I will add more because I am really getting pissed and now we don't Bitcoin to blame since it is going up on price.
No one will buy a coin that is at the mercy of 1 guy pumping and dumping like he owns the coin. No one will trust it until serious investors start supporting the coin and then for the sake of their investment put some BTC support walls so the price can only go up but that won't happen because just as I explained before in this thread the current difficulty with a 5000 block reward on a 15 billion coin supply cap is more than profitable for some miners to dump their coins at current price.
For one freaking guy to manipulate the freaking coin it is ridiculous. It means there are almost none buying it or selling it = no real market. Just a guy with some btc daytrading and playing with the market and 1 or 2 following the trend. It is just sad for this to be happening to Noble but it is a fact!!!
Like I said before projects for the coin won't help much on full POW coin if it profitable to dump and current price versus diff unless more people start mining it and difficulty goes up but for that to happen more people need to start mining it and for that to happen people need to believe price will go up so their mining is profitable to cover expenses or even losses in some cases and for that we need buyers and for that we need investors and for that we need to spread the word and explain why Noblecoin is good to invest in and present results!
Let's look at an example. Marketplace is making a 12% discount on Noblecoin to buy goods. Let's look at amazon gift cards with current Bitcoin price and Noblecoin price everyone that invested on both at higher prices buying those giftcards with be insane because they are at a loss. This is in my point of view at the moment the main reason many still do have an eye on Noblecoin on a short term investment but sure if people are looking on a long term investment where are the new features and deals with other merchants that can bring motivation to buy or mine Noble?
The more time we wait to move forth more competition will come, more innovative coins with better codes will come and if I am wrong then enlighten me why should I still invest in Noblecoin when I am saw a 200% decrease price drop since it hit the market? It almost seems there is someone that does not want people to reach the most valuable prize of this coin which at this moment is the Marketplace to trade at!!!
Thoughts please? And help me to stick to this project and not move along to Flappycoin
Thank you