Can anyone clarify - these ACH shares are a NXT asset introduced at a ratio of 1 coin for 1 NXT;
So aren't they worth at least 1 NXT? And they're selling for 100 satoshis?
Topic: What's going on with Altcoin Herald ACH? From 4000 to 60 in a month - page 2. (Read 2911 times)
January 31, 2015, 02:42:56 PM
January 31, 2015, 01:38:58 PM
Ok, according to that there are 5 million shares.
On the one hand, I don't usually buy into ICOs, shares, stocks, or other coins that aren't just cryptocurrencies. I think the value of a cryptocurrency comes from mining, the strength of the network, the coin's utility, and the participation of the users. A good coin doesn't need something else "backing" it.
But on the other hand, I have seen some things from Altcoin Herald that I liked a lot. That doesn't necessarily mean that the coin is good even if the website is good, but if I thought it was worth 3000 satoshis 2 months ago then I might see myself buying a little more at 100 satoshis.
On the one hand, I don't usually buy into ICOs, shares, stocks, or other coins that aren't just cryptocurrencies. I think the value of a cryptocurrency comes from mining, the strength of the network, the coin's utility, and the participation of the users. A good coin doesn't need something else "backing" it.
But on the other hand, I have seen some things from Altcoin Herald that I liked a lot. That doesn't necessarily mean that the coin is good even if the website is good, but if I thought it was worth 3000 satoshis 2 months ago then I might see myself buying a little more at 100 satoshis.
January 31, 2015, 01:26:56 PM
This thread says the dividend should be paid today but nobody seems sure if it will be and there is heavy dumping at present.
https://nxtforum.org/assets-board/(ann)-(ach)-altcoin-herald-now-available-as-an-asset/400/
https://nxtforum.org/assets-board/(ann)-(ach)-altcoin-herald-now-available-as-an-asset/400/
January 31, 2015, 01:13:48 PM
Does anyone know if they did a share split or something? I think it had a relatively scarce supply, but now there are 800,000 of them for sale.
January 31, 2015, 01:12:02 PM
I admit I don't know much about this coin, even though I bought a very small amount back in November. I sold some, but what I had left entitled me to a small payout of NXT in December. Apparently it's an investment thing from the news website Altcoin Herald, and they are supposed to do regular payouts. But I didn't get a payout in January, so I figure that might have something to do with the price crash. But I haven't been able to find a single topic about it, so I started this one.
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