Value of MMC Going down

[FaSan]

GPU miners are ALMOST off the table. They have been selling in mass.

This is Freetrade big fail for mmc... this coin must be only CPU ~6-7 month and only when on GPU...  I sad it in first day of released GPUMiner.
Change algo to block mine on GPU

OR
Freetrade need make MMC v3.0 :DDD  and make next fail))

Maybe you have not technical background. GPU always can do the same of a CPU calculations. Maybe more fast, maybe more slowly, but always can do it.



FaSan

[Grekk]

GPU miners are ALMOST off the table. They have been selling in mass.

This is Freetrade big fail for mmc... this coin must be only CPU ~6-7 month and only when on GPU...  I sad it in first day of released GPUMiner.
Change algo to block mine on GPU

OR
Freetrade need make MMC v3.0 :DDD  and make next fail))

[Delinquency]

To my understanding, the bulls are 30%/ bears 70% (this includes those who are also willing to buy low.)

GPU miners are ALMOST off the table. They have been selling in mass.

Now CPU miners have nowhere to go. MMC will probably find equilibrium between the Intel efficient kWh HPM and Scrypt profitabillity to turn electricity into cash.

After that, MMC is doomed to failure unless demand picks up before supply cuts down to below 100/block.

(blehface)

[reorder]

Why would anyone try to sell that much at once

To press down the price so he could rebuy cheap. This is what they do on MtGox every day.

[Giga]

Now that's a wall

lol indeed !

[isaacgoldbourne]

Why would anyone try to sell that much at once

[5chdn]

Now that's a wall

[agran]

And now someone sells a bunch of mmc.

[agran]

Someone decided to buy mmc in the amount of 5 btc. Not bad.

[Giga]

i guess the huge premine allegations have really hurt the reputation of this coin

[cudido]

Is NORMAL the price go down!

At this difficulty with a single R9 270x (for example) you have 10 h/m = 5.13 USD at day at 0.000347965 MMC/BTC

With a Litecoin you have 400 Kh/m = 3.07 USD at day at 0.02947 LTC/BTC.

5.13 vs 3.07 !!!!!!!!!!!!

At this moment Memorycoin 2.0 is the more profitability coin!!!!!!!!!!! (the best shit coin scrypt is gold coin at 4.29 USD at day)

So, THE PRICE IN THIS MOMENT IS TOO HIGH !

Stop discussions of kids please 

The price must go MORE DOWN !!! Only with more difficulty and the decrease of coin/block the price go UP.

(sorry my english)

[Stas]

I'm noticing a correlation between Freetrade not answering questions about his premine and price decreases.

I'm noticing a correlation between the jackal people wish to be on the staff (and maybe they still to dump the coin on the market) and price decreases.

I know, its ridiculous how much people are attacking him

You dummy you probably defend him because you have too many Memorycoins and you can't afford to lose all your money from Memorycoin. If you are being completely honest with yourself you will realize that their is NOTHING great about this coin and it is indeed doomed to fail.

if that's what you think, dummy you. then GTFO of this coin and this forum

[Stas]

Why all worry about current price, price sometimes crash even for Bitcoin.
Keep doing good work, support users, grow community and in long term everybody wins.

[jae208]

I'm noticing a correlation between Freetrade not answering questions about his premine and price decreases.

I'm noticing a correlation between the jackal people wish to be on the staff (and maybe they still to dump the coin on the market) and price decreases.

I know, its ridiculous how much people are attacking him

You dummy you probably defend him because you have too many Memorycoins and you can't afford to lose all your money from Memorycoin. If you are being completely honest with yourself you will realize that their is NOTHING great about this coin and it is indeed doomed to fail.

[phrozenspite]

I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

NewMine has stopped his campaign and the price is skyrocketing DOWN now.

I'm noticing a correlation between Freetrade not answering questions about his premine and price decreases.

+2

[nomullet]

I've been developing software since the 90s and I've found it is pretty much impossible to get something 100% right the first time. I hope the next DAC learns some lessons from this one. I think a pre-mine for developers of known quantity to known addresses would be preferable to what occurred here.

[jae208]

I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

NewMine has stopped his campaign and the price is skyrocketing DOWN now.

I'm noticing a correlation between Freetrade not answering questions about his premine and price decreases.

[isaacgoldbourne]

I think MegaFarmer sold his coins today! The price went down so fast today because some idiot dumped 23k coins at once, it's like 250% of daily volume! What were you thinking? No wonder price would go down and you would get half of the value for the coins you've sold. BTW, price recovered already.

So the great thing about MemoryCoin is that if you sold you lost all of your votes. Now you can't impact the coin by your dumb voting for NewMine or spoiled addresses. Bye, bye, MegaFarmer! Our coin will be much stronger without you.

+2 ^23000

[MemoryCoin]

I think MegaFarmer sold his coins today! The price went down so fast today because some idiot dumped 23k coins at once, it's like 250% of daily volume! What were you thinking? No wonder price would go down and you would get half of the value for the coins you've sold. BTW, price recovered already.

So the great thing about MemoryCoin is that if you sold you lost all of your votes. Now you can't impact the coin by your dumb voting for NewMine or spoiled addresses. Bye, bye, MegaFarmer! Our coin will be much stronger without you.

[stickhead]

I'm noticing a correlation between Freetrade not answering questions about his premine and price decreases.

I'm noticing a correlation between the jackal people wish to be on the staff (and maybe they still to dump the coin on the market) and price decreases.

I'm noticing a correlation between the officers that get payed in MMC and the good behavior of FreeTrade

[Delinquency]

There is going to be a market equilibrium between GPU profitability in Litecoin and GPU profitability in MMC.

That being said, Price can dip to as low as .00028 with the current difficulty.

[belltown]

I think MegaFarmer sold his coins today! The price went down so fast today because some idiot dumped 23k coins at once, it's like 250% of daily volume! What were you thinking? No wonder price would go down and you would get half of the value for the coins you've sold. BTW, price recovered already.

So the great thing about MemoryCoin is that if you sold you lost all of your votes. Now you can't impact the coin by your dumb voting for NewMine or spoiled addresses. Bye, bye, MegaFarmer! Our coin will be much stronger without you.

[isaacgoldbourne]

I'm noticing a correlation between Freetrade not answering questions about his premine and price decreases.

I'm noticing a correlation between the jackal people wish to be on the staff (and maybe they still to dump the coin on the market) and price decreases.

I know, its ridiculous how much people are attacking him

[FaSan]

I'm noticing a correlation between Freetrade not answering questions about his premine and price decreases.

I'm noticing a correlation between the jackal people wish to be on the staff (and maybe they still to dump the coin on the market) and price decreases.

[MegaFarmer]

I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

NewMine has stopped his campaign and the price is skyrocketing DOWN now.

I'm noticing a correlation between Freetrade not answering questions about his premine and price decreases.

[MaxPWR]

Long-term goal is low volatility with price approaching cost approaching electricity + 5% for MMC taxes.

Long-term use - voting.  If we can figure out that, community / Officers will steer us to the long-term goal.

What's the price of a vote? Nothing...  What's the cost of a vote? Transaction fees.

What's the value of a vote? What is the value of the information we attach to that vote. And, the blockchain provides ways to magnify the value of that information.

But...the vote's value is completely intangible.  Long-term, a cost of a vote could be no more than the transaction fees, which would approach electricity and other operating costs.  Filter those out by margin at the exchanges, and you're left with pretty whatever you can market the intangibles.

It's so cheap, distributed, uber-bland on its own, you kind of have to combine it with something else, and you can combine it with anything...

Isn't this kind of sounding like a reserve currency?

[smokim11]

Why all worry about current price, price sometimes crash even for Bitcoin.
Keep doing good work, support users, grow community and in long term everybody wins.

Bitcoin hit a 1000$ and MMC didn't budge. As you alt prices go up as bitcoin goes up. Instead MMC stayed the same or droped a few cents.

Now BTC went down 200$ since yesterday and MMC dropping too. MMC will probably be worth a few cents when bitcoin drops to the 500-600$ range.

I don't see the price going up at the time being. Seems everyone is busy fighting over paid positions and what they don't realize is that the paid salary will soon become a few dollars. Let them fight and fight until MMC is not even worth being used as toilet paper.

I'm seeing a bad ending to MMC2.0 sadly.

[isaacgoldbourne]

Why all worry about current price, price sometimes crash even for Bitcoin.
Keep doing good work, support users, grow community and in long term everybody wins.

This, we all need to work to make this coin worth something.

[testz]

Why all worry about current price, price sometimes crash even for Bitcoin.
Keep doing good work, support users, grow community and in long term everybody wins.

[MegaFarmer]

And also notice how FreeTrade is trying to blame everybody else for the dropping value, except for himself.

Right the NEXT post:

I've noticed a correlation between Newmine winning votes and price decreases.

I must be clairvoyant.

[Velocd]

I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

Looks like we've got some serious CMO contenders - hopefully an active CMO can help the market value of the coin.

This was petty as fuck.....The price was dropping well before newmine won. I would say it was the increase in miners pumping and dumping the coin to make a quick buck. I realize you're under attack right now in another thread but it doesn't behoove you to step down to this level and point fingers. 

[FreeTrade]

I've noticed a correlation between Newmine winning votes and price decreases.

The value recovers somewhat when useful candidates win the positions back, but not quite as much as the drop.

Looks like we've got some serious CMO contenders - hopefully an active CMO can help the market value of the coin.

[MegaFarmer]

Looks like Freetrade's reputation isn't doing too great right now

You are right.
And also notice how FreeTrade is trying to blame everybody else for the dropping value, except for himself.
He claims that the value of the coin drops because people are attacking him here, while all they are doing is asking him valid questions that he will not answer.
When you read the whole thread and not just FreeTrades replies then you will get a clear picture of his hidden premine game.

Fortunately we have the voting system to replace him as CEO. I suggest you use your votes.

[isaacgoldbourne]

If you look at the price of any altcoin this seems to happen, start high, go low and then go even higher

[Velocd]

The value is that it's not just a copy paste scrypt coin. There are elected positions that pay salaries the person/teams contribution to the coin. It's actually quite unique, but some there are some kinks in the way votes are weighted by the amount of coin in a wallet.

[jae208]

actually, i really hope it will go up ! 

so do I but I think its going down because of all the politics going on

Look at one of the other discussions going on with Freetrade...

Looks like Freetrade's reputation isn't doing too great right now

[caliboy]

actually, i really hope it will go up ! 

[jae208]

Anyone know why the price of MMC is going down? Its about $0.41 USD right now.
Does MMC have potential in your eyes? I honestly don't yet see what the value
Of this coin is other than just another Altcoin. I just don't see such an innovative
Coin here...