SuperTramp

The "real" MinCoin whales know that buying/accumulating and hoarding coins + taking them off the market will go a long way in helping to increase the long term price of MinCoin. Out of the weak and into the strong. Also, the short-sighted traders/investors see quick $$ on the bid so they dump quickly, but us whales know that it is better to sell 1k @ 0.01 than to sell to sell 5k @ 0.002

HUGE Volume Surge In MinCoin, The #1 Crypto-Commodity, at the #1 Crypto Exchange mcxnow/MNC

Mincoin Is this week’s BULLISH cryptocurrency on mcxNOW Posted By Crypto on Oct 12, 2013 | 0 comments Mincoin (MNC) is this week’s bullish advice for all cryptocurrency traders on mcxNOW. After following this cryptocurrency for a few months, this could be one of the best time to buy them below 0.002 BTC per unit. Both mcxNOW and Mincoin has seen significant rise in popularity since mcxNOW launched its version 2 with mcxFEEs. Now let’s go to our analysis of Mincoin and try to calculate where Mincoin will be by the end of Friday next week. The longterm perspective This graph shows that Mincoin decreased a lot in the beginning of its launch, but it found its floor around 0.0003 to 0.0005 BTC per MNC, then in the recent weeks it has climbed to a floor of 0.0015. The bottom seems to have been 0.003 and it is now on an positive trend upwards. Our longterm predictions is that Mincoin will be worth about 0.005 to 0.009 within 6 months. Remember that only 2880 Mincoins are mined each day for the next 10 years which make them scarce. Read the full news article here: cryptocoinsnews.com/mincoin-bullish-cryptocurrency-mcxnow

And the world's #1 Crypto Commodity [MinCoin] rally continues !!!

I believe he sees this as MNC = Crypto-Commodity And MC = Crypto-Currency

Campbx Users: CampBX Bitcoin Trading Platform Dwolla deposits to CampBX will end Oct 15 and Dwolla withdrawals from CampBX will end Oct 28. Please use money orders and ACH for your trading needs on CampBX.

Received this emal from Dwolla today: Dear Dwolla Account Holder, As you know, Dwolla does not sell, accept, mine, value, take possession of, or hold Bitcoin or any other virtual currency product, and none of Dwolla’s users transact business with Dwolla using Bitcoin or any other virtual currency product. However, recent interest involving virtual currency and its exchanges has created uncertainty and confusion around virtual currency, and Dwolla's relationship with a small number of its exchanges. This has forced Dwolla to reassign resources, funds, and services. As Dwolla gears up for a new stage of growth, we recognize that we can no longer sustain this merchant base (.1 percent of Dwolla merchants) and its unique needs, and that attempting to do so jeopardizes both of our communities' starkly different, but similarly ambitious, vision for improving payments. Effective October 28, 2013 at 4pm CT, Dwolla will be withdrawing its service offerings to virtual currency exchanges and virtual currency related services. What does this mean? Your account, and its functionality, will remain unaffected. However, you can deactivate your account from within your Dwolla dashboard, if you so choose. Dwolla aims to provide its users and the few affected merchants with the guidance necessary to ensure a smooth transition. To do that, we encourage users to over-communicate with our support team, report any suspicious activity, and revisit our terms of service to ensure uninterrupted services. What is the timeline of events? October 10: Only existing users with a 30-day history with Dwolla will be able to send funds to merchants affected by this change. October 15: Affected merchants will be limited to sending money only, and will no longer be able to receive funds from customers. They will be able to issue refunds to customers at this time. October 28: Affected merchants’ accounts will be suspended. No further activity will be provided. October 29: Provided no security or fraud concerns, Dwolla will transfer any of the remaining funds inside the affected merchant's Dwolla account to its linked bank account. The decision to remove anyone from the network -- no matter the circumstances -- is not something Dwolla takes lightly. We are grateful for the opportunity to service and learn from these users. We wish the community and its pioneers the best. Sincerely, Dwolla Support

HaHa !

And another screen shot showing the price of the #1 Crypto-Commodity [MinCoin] hitting 0.002

Early morning/late night price surge in MinCoin taking place on mcxnow.com/MNC the #1 MinCoin exchange. Here is a screen shot of the action:

Strange. I wonder why i'm getting 1st and 2nd spot on page 1 and you are not ?

Can you guys try this again I just got 1st page 1st Spot & 2nd on Google search for "Crypto Commodity"

Glad to see you got it figured out. Sometimes you just need to post the problem so you can actually see it yourself.

Welcome jacwib, glad to see you found your way over from the #mincoin IRC channel !!

Don't forget, that chart you link to does not show the first full week or so of trading at mcxNOW(4-27-13 was first day) as it took a good week for cryptocoincharts to start pulling the trade data

When MinCoin first started trading at mcxNOW some of those early miners dumped their coins pretty hard. I remember seeing prices/trades as low as 0.00011xx. The volatility and volume the first two weeks of trading was pretty crazy. I seriously doubt if any of those original miners have any coins left by now with all the price swings and all the lows and highs we have seen. I'd bet the majority of the whales are holding for long term now. I know I won't be selling at current prices: 0.0011.

Currently ~1,356,478.4 MNC. Market Cap of roughly ~190K/USD coinmarketcap As for getting to 0.002, I think we will need more like 100btc, but 150btc would be better as just getting to that point and not holding it for longer than a day seems pointless imo. I would rather see us move to 0.0015 over the course of a couple of days and then build a "base/floor" at that price point than just a quick run up to 0.002 But, with the way the whales trade at mcxNOW anything really is possible

Not in the sense you are thinking. But more along the lines of how you can convert btc to MNC. This possibility of MC being able to sustain a crypto-commodity like MinCoin within it's "system" is still being discussed/worked on. It is not set in stone as of yet.

Actually, the hashing algo switch that was being discussed was that of the SolidCoin hash. Reaper already supports this algo with GPU mining.

Well, with FPGA and ASIC developement it should be pretty cheap to continue mining operations. So, those who have invested in MinCoin for the long term can easlily afford some low-cost mining equipment. Not to mention there will still be TX. fees as coins move around the network.

I just looked at the chart. Was that you doing all that buying??

Yes. I noticed this as well. Diff seems to be hovering around 4.0+, so we have Definitely expanded our mining community! This is a good thing imo. Now we need to grow the rest of the community as well. This new forum has been helping in that matter, but I KNOW we can do much better. Slowly but surely I believe some of the people currently involved in the numerous failing alt-coin clones will "see the light" and join forces to be a part of our ever growing and expanding MinCoin community.

I agree. With so many clone-coins coming out after MinCoin, I think we lost some potential developement talent. It seems everyone is "busy" working on their own coin or their buddy's coin. I am all for putting out MinCoin bounties for people who want to develop services, but It gets harder and harder as I have bought and then given away many coins for/to people who stick around for a couple/few weeks then disappear. We really need some decent talent that wants to be part of something real that has a time persepective a bit longer than 1-2 months

Yeah, I'm not really sure how this would work. I think RS wants to keep the mcxFEE shares VS. BTC for now. Maybe he will do MicroCash/mcxFEE in the future, and if possible(it has been hinted) that MicroCash can "carry" a crypto-commodity "within" it's system, then I would like to think that MinCoin would be the "go to" commodity for that purpose. So, in a round about way, we could go: MNC>MC>mcxFEE and back again without ever touching btc.

I completely understand what you are saying in regards the the "currency" side of the equation. The reason MinCoin is being marketed/advertised as a "Crypto-Commodity" is because that is what it really is. MinCoin is an "exotic-crypto-digital-commodity", and it really is the first crypto-coin to actually be marketed for what it is. Bitcoin and the rest of the alt-coin clones are NOT crypto-currencies, it is just that the followers/supporters of those coins are failing(imo) to see what they actually have in their possession. With that ^ being said, I FIRMLY believe that MinCoin can take market share in the crypto-currency space as well. With it's 1min confirmations it still has many of the other crypto-coins beat in terms of confirmed transaction speed. It really is a commodity that spends like a currency imo.