minerjav



Offline



Activity: 168

Merit: 100







Full MemberActivity: 168Merit: 100 Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland April 08, 2014, 03:07:32 AM #4050 Watching how AUR is dying. Nobody write anything about AUR. Even the official forum doesn't have any emotional sentence about current situation (good or bad).



Exchange Traders have a big party these days getting tons of BTC and LTC just buying and reselling with profit in seconds or minutes and moving the market down and down to increase the profit



Curious about how some traders work on tiny profits (less than the buy-sell fees). There are many questions without answers on this unregulated market without anybody checking for a fair public trading.



I was analyzing the trading mechanism and there is no chance to compete with the internal exchange machine/people. The high valuable internal information that the exchange handle is not available to any regular trader.



The regular Iceland people and miners don't have any chance on a market that half the price with just some thousand dollars.

With no real investors and no real buyers (just inorganic traders), this coin will dye before the second airdrop stage (too much effort and work for only some dollars).



To be honest, I'm sad.





pjviitas



Offline



Activity: 434

Merit: 250







Sr. MemberActivity: 434Merit: 250 Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland April 08, 2014, 03:51:41 AM #4051 Quote from: minerjav on April 08, 2014, 03:07:32 AM Watching how AUR is dying. Nobody write anything about AUR. Even the official forum doesn't have any emotional sentence about current situation (good or bad).



Exchange Traders have a big party these days getting tons of BTC and LTC just buying and reselling with profit in seconds or minutes and moving the market down and down to increase the profit



Curious about how some traders work on tiny profits (less than the buy-sell fees). There are many questions without answers on this unregulated market without anybody checking for a fair public trading.



I was analyzing the trading mechanism and there is no chance to compete with the internal exchange machine/people. The high valuable internal information that the exchange handle is not available to any regular trader.



The regular Iceland people and miners don't have any chance on a market that half the price with just some thousand dollars.

With no real investors and no real buyers (just inorganic traders), this coin will dye before the second airdrop stage (too much effort and work for only some dollars).



To be honest, I'm sad.







Unfortunately, this is one of the hard realities of crypto-currency markets.



The only way to combat it is to not let the crypto-currency into the hands of traders and speculators.



Unfortunately, most people do not have the patience to try and hold onto a crypto-currency and only use it for buying and selling goods and services.



Most people simply sell it for a form of currency that is more readily accepted for buying and selling goods and services...I am talking about fiat currencies here.



You are right...it is sad however it is difficult for people to change. Unfortunately, this is one of the hard realities of crypto-currency markets.The only way to combat it is to not let the crypto-currency into the hands of traders and speculators.Unfortunately, most people do not have the patience to try and hold onto a crypto-currency and only use it for buying and selling goods and services.Most people simply sell it for a form of currency that is more readily accepted for buying and selling goods and services...I am talking about fiat currencies here.You are right...it is sad however it is difficult for people to change.

dragonseer



Offline



Activity: 611

Merit: 500





Anglo Saxon Crypto Enthusiast







Hero MemberActivity: 611Merit: 500Anglo Saxon Crypto Enthusiast Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland April 08, 2014, 04:21:18 AM #4052 Quote from: minerjav on April 08, 2014, 03:07:32 AM Watching how AUR is dying. Nobody write anything about AUR. Even the official forum doesn't have any emotional sentence about current situation (good or bad).



Exchange Traders have a big party these days getting tons of BTC and LTC just buying and reselling with profit in seconds or minutes and moving the market down and down to increase the profit



Curious about how some traders work on tiny profits (less than the buy-sell fees). There are many questions without answers on this unregulated market without anybody checking for a fair public trading.



I was analyzing the trading mechanism and there is no chance to compete with the internal exchange machine/people. The high valuable internal information that the exchange handle is not available to any regular trader.



The regular Iceland people and miners don't have any chance on a market that half the price with just some thousand dollars.

With no real investors and no real buyers (just inorganic traders), this coin will dye before the second airdrop stage (too much effort and work for only some dollars).



To be honest, I'm sad.







I haven't been trading cryptos for long, but for now I've decided the only way to win is not to play. So that means holding onto my 50000 Mazacoins, and my 50 Auroracoins, and others... It would be easy to get depressed and sell everything I thought had promise, and put it all on Zetacoin because that's the only thing that looks good RIGHT NOW, but that would mean that I believe short term trends dictate what's worth having and what's not. If you believe that, that's when you really lose. I haven't been trading cryptos for long, but for now I've decided the only way to win is not to play. So that means holding onto my 50000 Mazacoins, and my 50 Auroracoins, and others... It would be easy to get depressed and sell everything I thought had promise, and put it all on Zetacoin because that's the only thing that looks good RIGHT NOW, but that would mean that I believe short term trends dictate what's worth having and what's not. If you believe that, that's when you really lose. Crypto sales and more here: https://www.ebay.com.au/usr/dragon-seer

molecular

Legendary



Offline



Activity: 2730

Merit: 1016









DonatorLegendaryActivity: 2730Merit: 1016 Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland April 08, 2014, 06:11:21 AM #4053 We'll have to give this experiment more time. Nothing is decided and the coin is not "dying".



Yes, the exchange rate is dropping. Not surprising... the hype is over and huge amounts have been airdropped. Profiteers have left ship.



I would love to be able to have a feel how Auroracoin (and crypto in general) is seen and used (or not) in Iceland... the experiment is to see wether an airdrop style distribution method would work to get a population to use a coin as money in their daily lives. At least that's what it is about for me. So far that goal has not been reached to any meaningful extent as far as I can tell (someone from Iceland draw a picture, please).



The android app just came out a couple of days ago (I've always thought that would be very important because it allows easy person-to-person transactions on the street to settle small debts, buy/sell stuff and whatnot.



Yes, probably many Icelanders who took part in this experiment so far are disillusioned... maybe they feel that they didn't get those 100s of dollars worth they were "promised", maybe they expected many merchants to accept Auroracoin and now there's only a couple of them, maybe they feel sad that the experiment failed like the posters above. Maybe they feel that AUR is a crappy store of wealth. Maybe they think it'll never go anywhere.



Maybe at one point some (a large enough number?) will realize that it's really up to them wether or not crypto "goes anywhere" and becomes a good store of value.



One thing is for sure: many Icelanders got in touch with crypto. It's sinking into their minds now. Many probably traded AUR on the market for BTC or fiat. Maybe some realize they can just ignore the warnings of the central banks and use private money as they see fit. Maybe some start to realize the power they really have.



There will be another airdrop and many years for Auroracoin to exist and "be an option".



If you're in AUR for a quick profit you should probably move on to other things (should've done so long ago, in fact). If you're in Auroracoin for the people (yes, it sound cheesy), for fundamental change and for giving options to people and putting some pressure towards the powers that be, then by all means, stay. The real fun is yet to come (or not).

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769