[TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico - page 249.

sneakgeekz

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Quote from: Ense04 on July 29, 2014, 08:49:09 PM

Quote from: CrazyLoaf on July 29, 2014, 08:43:58 PM

TEK at one point had $7k daily volume. If that had been sustained, 30-60 people could be living pretty comfortably on selling stake alone a month. I don't think it will take much to have that sort of continuous demand in place again, especially if the interest in crypto in general rises.

I remember when I first got into crypto around November and liking both TEK and HBN especially, so I know that a certain percentage of noobs will be looking for the same things I was.

Main thing is we need to have people who can live with not getting money that day. Like wasn't there a dude on here who dumped 5k TEK to pay bills or something? Spread that over a week, don't just kill buy walls. Better yet, do an OTC deal or something like that.

Yeah, the guys name was Raskul...

Yeah he probably dumped alot more than that.
I got off his pool after a month because my 1ths was never getting anywhere near the projected earnings indicated on the statistics page.

ryanb

legendary

Activity: 1148

Merit: 1000

Lot of coins are taking a beating lately even BTC has dropped in price.

walkdev

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Activity: 125

Merit: 100

Quote from: CrazyLoaf on July 29, 2014, 08:43:58 PM

TEK at one point had $7k daily volume. If that had been sustained, 30-60 people could be living pretty comfortably on selling stake alone a month. I don't think it will take much to have that sort of continuous demand in place again, especially if the interest in crypto in general rises.

I remember when I first got into crypto around November and liking both TEK and HBN especially, so I know that a certain percentage of noobs will be looking for the same things I was.

Main thing is we need to have people who can live with not getting money that day. Like wasn't there a dude on here who dumped 5k TEK to pay bills or something? Spread that over a week, don't just kill buy walls. Better yet, do an OTC deal or something like that.

Yep, the price was in the 50's at the time, I think.. Or at least the late 40's... As the saying goes, only invest what you can afford to lose. We're all in this together, and we gotta look after the coin - because if we do, I'm sure that it's gonna help look after us, which is half the aim of a PoS coin, isn't it...?

I'd love to be able to help in some way with the promotion of TEK... The only thing I can offer in trade though is my band's CD and t-shirts!

Ense04

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Activity: 145

Merit: 100

Quote from: CrazyLoaf on July 29, 2014, 08:43:58 PM

TEK at one point had $7k daily volume. If that had been sustained, 30-60 people could be living pretty comfortably on selling stake alone a month. I don't think it will take much to have that sort of continuous demand in place again, especially if the interest in crypto in general rises.

I remember when I first got into crypto around November and liking both TEK and HBN especially, so I know that a certain percentage of noobs will be looking for the same things I was.

Main thing is we need to have people who can live with not getting money that day. Like wasn't there a dude on here who dumped 5k TEK to pay bills or something? Spread that over a week, don't just kill buy walls. Better yet, do an OTC deal or something like that.

Yeah, the guys name was Raskul...

CrazyLoaf

hero member

Activity: 763

Merit: 534

TEK at one point had $7k daily volume. If that had been sustained, 30-60 people could be living pretty comfortably on selling stake alone a month. I don't think it will take much to have that sort of continuous demand in place again, especially if the interest in crypto in general rises.

I remember when I first got into crypto around November and liking both TEK and HBN especially, so I know that a certain percentage of noobs will be looking for the same things I was.

Main thing is we need to have people who can live with not getting money that day. Like wasn't there a dude on here who dumped 5k TEK to pay bills or something? Spread that over a week, don't just kill buy walls. Better yet, do an OTC deal or something like that.

sneakgeekz

full member

Activity: 141

Merit: 100

I dont understand why TEK is not on Bittrex? They list every scam crap coin (and some good ones) that come out.

Is it because of low volume or am I missing something?

walkdev

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Activity: 125

Merit: 100

Quote from: Mountaineeer on July 29, 2014, 04:42:29 PM

Quote from: SpiryGolden on July 29, 2014, 12:21:39 PM

Quote from: Mountaineeer on July 28, 2014, 11:30:22 PM

Quote from: Ense04 on July 28, 2014, 10:25:59 PM

Everyone receiving their end of month stakes. Expect dumps for the next few weeks...

As for me, I never dump. I buy them. I sell small amounts. I want the value of this coin to increase.

Next few weeks? lol its been dumping for a few weeks so does it ever stop? In all seriousness though it would not take a lot of buy pressure to go right back up near 100k...just depends on how anxious people are to dump for quick profits...

Yes , exactly there is a lot of DUMP and not at least a 50% rebuy from those dumpers to keep it at a good line . No they dump good and the dumpers are the big bag holders of TEK ........

I don't want to point out fingers but the direction isnt good .

If you put 1 orange in and get 1.4 back ....buy back 0.2 . Just saying ..... but the dumpers gonna dump and its sad because the dumpers who can dump that much amounts are the big bag holders that have huge amounts and they are just dumping their PURE STAKE and cash in without caring . .

Well if they keep doing that without some catalyst for new investors eventually their principal will be nearly worthless at some point. Maybe they ROI'd long ago and just don't care but its pretty stupid to kill the market when they could maximize profits by either supporting or at least letting the market recover from profit taking.

Exactly... So what can the average investor do to help maintain the price? When it comes to releasing some coins into the marketplace, I sure as heck don't plan to dump them all in one go, and I don't understand those that do - trickle feed and surely the market will catch up... But other than that, what can the average Joe do to help?

Mountaineeer

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Activity: 97

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Quote from: SpiryGolden on July 29, 2014, 12:21:39 PM

Quote from: Mountaineeer on July 28, 2014, 11:30:22 PM

Quote from: Ense04 on July 28, 2014, 10:25:59 PM

Everyone receiving their end of month stakes. Expect dumps for the next few weeks...

As for me, I never dump. I buy them. I sell small amounts. I want the value of this coin to increase.

Next few weeks? lol its been dumping for a few weeks so does it ever stop? In all seriousness though it would not take a lot of buy pressure to go right back up near 100k...just depends on how anxious people are to dump for quick profits...

Yes , exactly there is a lot of DUMP and not at least a 50% rebuy from those dumpers to keep it at a good line . No they dump good and the dumpers are the big bag holders of TEK ........

I don't want to point out fingers but the direction isnt good .

If you put 1 orange in and get 1.4 back ....buy back 0.2 . Just saying ..... but the dumpers gonna dump and its sad because the dumpers who can dump that much amounts are the big bag holders that have huge amounts and they are just dumping their PURE STAKE and cash in without caring . .

Well if they keep doing that without some catalyst for new investors eventually their principal will be nearly worthless at some point. Maybe they ROI'd long ago and just don't care but its pretty stupid to kill the market when they could maximize profits by either supporting or at least letting the market recover from profit taking.

SpiryGolden

hero member

Activity: 812

Merit: 500

Quote from: Mountaineeer on July 28, 2014, 11:30:22 PM

Quote from: Ense04 on July 28, 2014, 10:25:59 PM

Everyone receiving their end of month stakes. Expect dumps for the next few weeks...

As for me, I never dump. I buy them. I sell small amounts. I want the value of this coin to increase.

Next few weeks? lol its been dumping for a few weeks so does it ever stop? In all seriousness though it would not take a lot of buy pressure to go right back up near 100k...just depends on how anxious people are to dump for quick profits...

Yes , exactly there is a lot of DUMP and not at least a 50% rebuy from those dumpers to keep it at a good line . No they dump good and the dumpers are the big bag holders of TEK ........

I don't want to point out fingers but the direction isnt good .

If you put 1 orange in and get 1.4 back ....buy back 0.2 . Just saying ..... but the dumpers gonna dump and its sad because the dumpers who can dump that much amounts are the big bag holders that have huge amounts and they are just dumping their PURE STAKE and cash in without caring . .

CrazyLoaf

hero member

Activity: 763

Merit: 534

I think high PoS coins will have their day next ATH on BTC or crypto in general. Think of TEK more as a "savings" coin than a "spending" coin. Once people want to stop play the P+D game, they'll want to find a place to park their money, and I think TEK and other high PoS coins could act like a bond.

By the very nature of the instrument, it has some residual value. If there was something that you could put X oranges in and get 1.4X oranges out, it'd have at least some sort of value, aye?

dickwhite

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Activity: 225

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Quote from: Biomech on July 28, 2014, 09:31:40 PM

We need merchants, and we need things to make us stand out in the crowd. I am working on a couple of things, but it will not come to fruition in a short time. However, there is something else to think about. This coin is very inflationary, and it has reached a point of acceleration. It's not a big deal yet, but at some point it will be. When that happens, the per unit value is likely to drop. There are a few good ways to counter this. Some of them involved the mechanics of the coin, and I won't discuss that at this time. But the biggest one is wide adoption. We need to convince merchants to take TEK and take it PREFERENTIALLY over other forms of currency.

Now, why would they want to do that? I guarantee you that the arguments that work for the trader, miner, and exchange investor will not work for them. I'll revisit this after I hear what the lot of you say. Because I know at least one answer to that question, and if that answer is met, our coin's value will go way UP long before inflation drives it down.

This is all true. If I was a merchant, I would think more people hold BTC thus more potential customers for my effort. Maybe the answer is to lobby more payment processors to handle TEK as well thus making it effortless to accept. Or, ultimately, develop a decentralized payment platform that could process multiple coins and reduce fees and barriers of entry particularly for smaller businesses. For sure if TEK is to attract enough investors to absorb the inflation, it must have utility value.

Biomech

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Activity: 1372

Merit: 1022

Anarchy is not chaos.

Quote from: Mountaineeer on July 28, 2014, 11:30:22 PM

Quote from: Ense04 on July 28, 2014, 10:25:59 PM

Everyone receiving their end of month stakes. Expect dumps for the next few weeks...

As for me, I never dump. I buy them. I sell small amounts. I want the value of this coin to increase.

Next few weeks? lol its been dumping for a few weeks so does it ever stop? In all seriousness though it would not take a lot of buy pressure to go right back up near 100k...just depends on how anxious people are to dump for quick profits...

SHHH! I need about another two weeks of dumpers to get to my current goal Grin

Mountaineeer

member

Activity: 97

Merit: 10

Quote from: Ense04 on July 28, 2014, 10:25:59 PM

Everyone receiving their end of month stakes. Expect dumps for the next few weeks...

As for me, I never dump. I buy them. I sell small amounts. I want the value of this coin to increase.

Next few weeks? lol its been dumping for a few weeks so does it ever stop? In all seriousness though it would not take a lot of buy pressure to go right back up near 100k...just depends on how anxious people are to dump for quick profits...

Ense04

full member

Activity: 145

Merit: 100

Everyone receiving their end of month stakes. Expect dumps for the next few weeks...

As for me, I never dump. I buy them. I sell small amounts. I want the value of this coin to increase.

Biomech

legendary

Activity: 1372

Merit: 1022

Anarchy is not chaos.

Quote from: SpiryGolden on July 28, 2014, 09:25:46 PM

I really hope TEKCoin comes back . Roll Eyes

I do have a feeling who dumped and who are screaming here " Oh and what , why aren't you buying if you don't like the price & help it grow" then for sure you were the dumper that sits and awaits more money to get in market so you can dump on it .

I can see here its a lot of philosphy i helped as much as i can in June with marketing , logo , article made contact with Qiwomen for a chinese translation . For that i got donations from thundertoe & an anonymous user ..not sure who , my guess is PressTab and thanks a lot for that! But if you look at the richlist i am around the range of 100 . From 100 to 1 they are a lot of people that arent contributing to the development of TEKCoin as community ! We all want to make a profit but also pay a % back to community for having that profit .

Phylosophing will not help us . . thanks for your time guys .

We need merchants, and we need things to make us stand out in the crowd. I am working on a couple of things, but it will not come to fruition in a short time. However, there is something else to think about. This coin is very inflationary, and it has reached a point of acceleration. It's not a big deal yet, but at some point it will be. When that happens, the per unit value is likely to drop. There are a few good ways to counter this. Some of them involved the mechanics of the coin, and I won't discuss that at this time. But the biggest one is wide adoption. We need to convince merchants to take TEK and take it PREFERENTIALLY over other forms of currency.

Now, why would they want to do that? I guarantee you that the arguments that work for the trader, miner, and exchange investor will not work for them. I'll revisit this after I hear what the lot of you say. Because I know at least one answer to that question, and if that answer is met, our coin's value will go way UP long before inflation drives it down.

SpiryGolden

hero member

Activity: 812

Merit: 500

I really hope TEKCoin comes back . Roll Eyes

I do have a feeling who dumped and who are screaming here " Oh and what , why aren't you buying if you don't like the price & help it grow" then for sure you were the dumper that sits and awaits more money to get in market so you can dump on it .

I can see here its a lot of philosphy i helped as much as i can in June with marketing , logo , article made contact with Qiwomen for a chinese translation . For that i got donations from thundertoe & an anonymous user ..not sure who , my guess is PressTab and thanks a lot for that! But if you look at the richlist i am around the range of 100 . From 100 to 1 they are a lot of people that arent contributing to the development of TEKCoin as community ! We all want to make a profit but also pay a % back to community for having that profit .

Phylosophing will not help us . . thanks for your time guys .

mmfiore

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Richlist balance is not updating

Biomech

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Activity: 1372

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Anarchy is not chaos.

Quote from: RJF on July 24, 2014, 08:48:08 AM

Quote from: Biomech on July 24, 2014, 01:26:59 AM

And hell with the basement. If we gotta ride this baby down, I'll take it all the way to Pellucidar

Where the Sun never sets on Tekcoin?

Nice!

And since it's decentralized, the Mahars probably won't steal it...

RJF

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Activity: 616

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Online since '89...

Quote from: Biomech on July 24, 2014, 01:26:59 AM

And hell with the basement. If we gotta ride this baby down, I'll take it all the way to Pellucidar

Where the Sun never sets on Tekcoin?

Biomech

legendary

Activity: 1372

Merit: 1022

Anarchy is not chaos.

Quote from: jdhatch on July 23, 2014, 09:48:49 PM

We need more public exposure and definitely more trading volume so relatively small purchases and sells do not push the price so far but only briefly.

Certainly a presence on more than one exchange and a presence as an altcoin as a form of payment would go a long long way.

We need public acceptance to get the coin more widely accepted by exchanges and payment processors BUT we need more exchanges and some payment processors to get the public confidence.

The classic chicken/egg scenario.

I am on for the long haul, to the moon or to the basement.

Jason

This. Well stated, across the board.

I recommend against making a big push for mintpal, like so many coins try for. It's the burial ground of a lot of coins Tongue

bittrex would be good, some of the smaller exchanges as well. And of course it never hurts to try for China Cheesy

But if it's ever going to be more than a way to gain interest on BTC, there needs to be payment processing OR, my favored option, a push to have it accepted outright as the coin of choice. Probably some combination of all of the above is best in the long run.

And hell with the basement. If we gotta ride this baby down, I'll take it all the way to Pellucidar

Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico - page 249. (Read 446060 times)