Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS - page 427. (Read 1053098 times)

so who is going to be the first poster on page 200?

Could't agree more. Look at all alt coins in general. Is the trend the same? Yea it is. But what I urge you to do is look at it comparatively. USDE and DGB were almost DOUBLE Noble price a couple weeks ago even when we released at the same time.....yea I said it, DOUBLE! Look at their price now. Noble is by far more stable, has a future and a following. This is just a horrid time for alts at the moment but we will continue to see progression, everyone just needs to keep on keeping on. Stay strong and most of all, stay Noble.

Yes page 200 is so close!

Anyhow, the problem is that a lot of the people who attempt to day trade come in to this market with high speculation values. The problem is that for each piece of pie gotten, someone has to lose a similar piece of pie. This compounded with the fact that a lot of these people are going at it against bots that aren't swayed by human emotions creates a lot of downward pressures on so many markets. Those who are astute know that in general, it only takes a short while (a few days to a week) to cause panics that they can capitalize on. When you realize that most of these day traders aren't savvy with market fundamentals that only adds to the panics.

For the most part, unless you have a significantly large portfolio that you can play around with, stick to medium-term to long-term trading.

People panic too fast.. Price is in a downtrend or stagnation for a few days and all hell is loose.. If you don't plan to day trade its better not to watch the price of the coins too much.

Page 200 nearing!

Precisely. People are turning to BTC as a stabilizing factor as it is normally believed to be the safest thing to do.

The thing is that there are a lot of new people to the scene and they don't realize how long BTC can downturn/stagnate for. So I wouldn't be surprised if we see more people leaving the cryptocurrency scene. This may cause BTC values of various coins to fall even further than they already have.

i don't believe its a double crash exactly...

Noble actually performed very well in the first 2 days after btc crashed to 500.. whereas all other coins were dropping about 30%-40% in value.. Noble actually did the reverse for awhile this lead to increased mining and a higher difficulty... but the downturn in btc has been dragging for a longer duration which means that Noble is finally catching up with the downturn in bitcoin's value..

Think of it this way.. general average daily earning for 3mh/s when btc price was stable  at about usd 750 was around USD 20-25 per day but now its at USD 10-15. Despite it being crazy to sell out a price lower than you bought in at economics determines when one needs to cut their losses .. i imagine that alot of people have decided to liquidate and get the most out of whatever they can get either for stronger BTC positions or for the simple fact that most miners have decided to sell larger quantities of whatever coin and consolidate their positions on only one-or-two favorite coins as they will still need to pay of those credit card bills in another 10 days.

I believe that once BTC regains its foothold at the 700-750 and holds in that range for 1-2 days.. we are going to see a massive surge in the market (for at least a couple of days).. because everyone has already placed their bets with their favorite coins and with prices being at an all time low its easier to get in on decent buy positions... at which point.. the btc well will dry up... and then the markets will start to drop down to more realistic level..

I've placed my bets on a variety of coins.. some based on belief in the coin/dev, some based on speculation, some based on the general system and some based on random calculations... am sure some will tank.. But also think somewill pay off well..
In the mean while.. i've been daytrading on Mintpal... with capital preservation in mind.. and diverting the btc profits onto my btc wallet for liquidation... liquidation will however only occur once we are out of the current btc debacle.

 

it`s always worth mining noble! but the profit is not that high atm

http://cointweak.com/calculator

really, by how much? i might consider getting back

mining so profit now! 

No reply yet, still an urgent request from me. Anyone that can help out? PM me if you need more info

Welcome!

It's seems counter-intuitive but it makes sense when you think of it like this:

The less USD in the BTC market, the less USD that can be poured into alts. So both BTC and alts go down in price compared to USD.
To compound this effect, when there are bear markets, most investors will put their money into something perceived as more stable. So people will want to lock in the best BTC price they can find so that when BTC/USD recovers, their overall financial hit won't be as bad. Usually when there are bear markets, a lot of investors are significantly risk-adverse. The funny thing is that it also follows basic human psychology. When things are looking bad, most people want to find the thing that will be the least detrimental.

A lot of the time, this has the effect of stemming the bleeding in the BTC markets, at the cost of significant impact on alt markets.

Would be great.

yeaa go go mining time!!!  price rocketed cominngg... maybe up to 150 sato...

Just started mining NOBL.

Number 4 now.

http://www.coinwarz.com/cryptocurrency/?sha256HashRate=1400.00&sha256Power=500.00&sha256PowerCost=0.1300&scryptHashRate=1600&scryptPower=1200.00&scryptPowerCost=0.1500&sha256Check=false&scryptCheck=true&e=Coinbase

We now have 10 workers and mining at 15MH/s. 
Come help build upon this and start generating a bit of coin for charity at the same time.

nobl.charityminingpools.com

SMC is preety much dead horse ;P

True, I have been wondering if that was the cazy but to be honoust was too lazy to check all other markets to see if it was true. It seems you should just mine a 'shitcoin' market where the exchange rate is 1 or 2 satoshi, those can't crash. :p But there you have the risk of the market disappearing.

If you think about it, the conversion rate to BTC shouldn't change if the BTC exchange rate to USD is already crashing. The latter already takes all other coins value down with it, so why the double crash?

It's without explanation in the sense that there doesn't seem to be a clear reason for this dip. But it looks like general market health. When over 75% of markets are declining, and all of the big markets are declining it's bound to create lots of downwards pressure. Unfortunately, NOBLE is not immune to this despite all of the good news surrounding it.