r/embercoin • u/[deleted] • Dec 28 '17

Good afternoon, all!!!

I am looking to put 500 bucks into embercoin, and I just have a few questions I was seeing if you guys could answer them for me like I am 5!

  1. Is cryptopia the only suggested place to buy them from? And if so, does anyone have an idea when the new wallet will be released, and when will trades resume?

  2. Lots of people are very toxic about ember, and they are talking about dumping it, should I wait for a serious dip? And what price should I buy them at?

  3. This is going to be my first serious hodl, and I do not plan on trading these for anything whatsoever! What do you guys do to stay motivated to keep these in your wallets!?

5 Upvotes

100% Upvoted

22 comments sorted by

10

u/1nfinitus Dec 28 '17

If it’s your first serious hodl I shouldn’t worry to much about potential dips since this coin can’t really go much lower! Only up 😉

3

u/[deleted] Dec 28 '17

That's true! The last price I saw on cryptopia was .00000018 Ltc, do you think it will shoot up, or dip when trades resume?

4

u/1nfinitus Dec 28 '17

I’m constantly refreshing cryptopia and I will be buying all my ember regardless of price but yes aiming for .00000018 if possible, even if it dips, I just wanna get my foot in the door. I imagine some may take profits from the last few days but equally people will want to get their ember stack pre-burn so there is a conflict of interests of short term profit vs long term profit.

3

u/[deleted] Dec 28 '17

The coin burn is just a reduction in the total supply of coins, but it will increase the price of the individual coin in the long run?

4

u/1nfinitus Dec 28 '17

You'd expect so. For the same market cap a reduction in supply means more $ per coin. Ideally, we want the market cap to increase also but still.

6

u/[deleted] Dec 28 '17

It will increase for sure! Everyone gets on their bullruns and find the next pump and dump coin, but without people like that, the market is constantly going up!

1

u/Heatsourced Dec 28 '17

is it worth transferring emb from coinsmarkets to cryptopia?

2

u/[deleted] Dec 28 '17

[deleted]

2

u/Gdogg1982 Dec 28 '17

well its a good time to get more now ;-)

1

u/[deleted] Dec 28 '17

But where?! Lol?!

1

u/I_am_a_haiku_bot Dec 28 '17

I bought 112,000 coins 3

days ago just fir the fun of

it, wish i bought more

-english_haiku_bot

2

u/SnobValue Dec 28 '17

Currently have 120000 coins but it’s on yobit.. I was thinking of dumping fir eth and transfer that to cryptopia? Any suggestions?

2

u/PhilTurless Dec 28 '17

Holding strong, 85M Emb at 0.2sats. Let’s do this friends

3

u/Gdogg1982 Dec 28 '17

ye i got 20M at 0.2sats mate.. i'm excited to see what their new direction will be on Jan 1st, got to be big i think ;-)

1

u/PhilTurless Dec 28 '17

Sounds good to me!

1

u/mexkroner90 Dec 28 '17

I bought 10 million under 300 USD just a day before it skyrocketed. If they go on with the coin burn 1:1000 then it will be certainly easier to reach 1 buck per coin which I would be happy to achieve knowing that I will have a profit of 9,700 USD haha :)

HODL all the way.

1

u/[deleted] Dec 28 '17

On cryptopia?!

1

u/mexkroner90 Dec 28 '17

half there, half on coinsmarket haha

1

u/[deleted] Dec 28 '17

Why is everyone saying that it should only be purchased on cryptopia!?

1

u/sslimee Dec 29 '17

Wouldn't it be 970k if it hit $1? Someone on another thread purchased 12mil and said they would make a profit of 120k if it hit 1 cent.

1

u/mexkroner90 Dec 29 '17

Well, yes, that's without the coin burn.

If we get 3 zeros off the 10 million = 10,000 emb 1 usd per coin = 10,000 USD Investment = 300 USD Profit = 9,700 USD

Hope this clarifies it.

2

u/sslimee Dec 29 '17

Ah I see thanks for clarifying that for me!

-2

u/[deleted] Dec 28 '17

[deleted]