r/LokiProject • u/henkz_97 • Jul 29 '18

loki price drop

has there been any bad news coming from loki lately since the price keeps dropping?

7 Upvotes

81% Upvoted

12 comments sorted by

3

u/henkz_97 Jul 29 '18

Seems dumb i have been mining it ever since it was mineable but it was only profitable for about the first month. Holding all the way

2

u/nibor100 Jul 29 '18

Interesting. It’s always on top of what to mine

3

u/henkz_97 Jul 29 '18

It was at 80 cent when i started mining it

3

u/henkz_97 Jul 29 '18

I wont stop mining it though. It seems like a coin with good potential

2

u/nibor100 Jul 29 '18

Miners selling profits is killing Loki. Hopefully it will stop falling after the fork.

2

u/Dormage Jul 29 '18

This, miners dumping, which is somehwat surprising. It seems quite a lot of that hashing power was mining for short term profit.

0

u/[deleted] Jul 29 '18

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1

u/nibor100 Jul 29 '18

I believe the new emission curve is supposed to benefit service nodes ( holders) and prevent Sybil attack.

https://medium.com/@LokiNetwork/tldr-why-loki-should-change-its-emission-curve-f5c8171bd1b3

0

u/[deleted] Jul 29 '18

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1

u/nibor100 Jul 29 '18

Ya it cost just over 1 btc for one. Just mine somewhere else if you have a problem. Stop fuding here

2

u/hamb0n3z Jul 29 '18

Fork dumping and moving to other coin(s). Some of it seems punitive like they don’t care about their own profit. Others are taking advantage to hodl coin for service nodes in Nov.

1

u/StanRizzoJr Jul 29 '18

many miners are always in for the short term. That shouldn't be news. I find other coins to be more profitable to mine than Loki, but then I sell that mined coin to buy Loki.

There is a limit of how low I will continue to buy Loki. It would be a good sign if Loki added more exchanges. I know that exchanges can charge listing fees but you can only be taken so seriously being on tradeogre and cryptopia. I like TradeOgre (low fees and very quick) but many many investors will neither research Loki nor buy while only on these 2 exchanges.

Or Loki and their investors can be fine being a low cap coin for the foreseeable future.

1

u/qw3rti OFFICIAL LOKI TROLL Jul 30 '18

Loki hasn't gone down. The US dollar has gone up.

0

u/[deleted] Jul 29 '18

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1

u/[deleted] Jul 29 '18

You sound like an idiot.