No. I believe the reason the price is bleeding so much is because we are pegged against Litecoin - Like it or not it's a dying and antiquated piece of tech. At just 0.0164 BTC per Litecoin and dropping every week (was 0.0253 at the end of April) it represents a seriously bad investment for the long term - no one wants to hold it or any coin that is solely pegged against it.

People like Karmacoin - we know this - but they do NOT like that they must purchase Litecoin before buying it. Even if you held the price of Karma the same at say 200 Litoshi the actual value of each coin in bitcoin has dropped 54% since Late April.

When the block thirding occurs I would like to see a huge push by the devs and the community - using every bit of good news about Karma that we have, every feature that we have - to reach out further than ever before into the crypto world - tweeting, FB, reddit, articles, press release - anything and everything we can - and have it all synchronised with a BTC pairing being activated on Mintpal - whatever needs to be done to synchronize such a push with Mintpal should be done.

We have a real chance with the upcoming thirding to push the coin out there on Mintpal. Folks, it will not reach 10 Satoshi equivalent in the Litecoin market - Its just wont happen. Not as long as Litecoin is a dying coin. Even with the Bitcoin drop Litecoin has fallen from 0.01714 to 0.0163 - we simply must get out of this sinking ship and allow the Bitcoin market to help us reach a true and fair price.

Karmala, I thought it would be better to wait until we broke the 300 Litoshi sell wall (when it was looking possible when we were at around 200 Litoshi) but I think that is unlikely until an announcement is made by Mintpal about when exactly we are going to move back to the BTC market.

I think the reason we got so high in LTC is because it was looking like we would be moving to BTC.

I'd expect Karma to reach 4-5 Satoshi within a few days of reaching the BTC market and I wouldn't be surprised if it reached 10 or more Satoshi within weeks of making it to the BTC market. That's based on what I've seen happen when coins reach a new major exchange, which moving back to BTC is for KARMA as long as it gets an announcement. An announcement that Karma is going to be BTC again will put Karma on people's radar.

Now that the price has fallen all the way down again I'm really starting to think we need to move to BTC ASAP then direct currency conversion when we can. Karma can easily increase from 2 to 3 then 4 Satoshi on Mintpal in BTC now that it has been done in LTC which will create great momentum for Karma on the BTC market.

I think we need more posts here about what is happening. The Karma forums shouldn't be replacing this far more noticeable forum, it makes it look like people are losing interest in Karma. It hasn't even been announced who has won the "elections" yet.

The price has not fallen all the way down, because i am currently seeing us at 150lts and not 6lts where we were before the LLC started. I believe the recent spike that shot our price to the mid 200s was the result of market manipulators that jump from coin to coin preying on the fear of weak hands. If people were in the IRC a few days ago you would have saw me warn of what i had experienced happing at around 12am central US time up until 11am four days in a row. If you are like me and share in the vision of the future of Karma then you should not worry so much about the current price because you would know that with all that the LLC has in the pipeline for Karma that the price should rise on its own and for the right reasons. No one can tell the future 100% so its up to you to trade, hold or sell as you see fit, but the way I see it we are currently experiencing a discount sell on Karma complements of the current income miners and weak hands. So i am backing up the truck.

This conversation about going to BTC market is really pointless. And this was proved many times. I will re-post my opinion from our forum:


And to add something more: you saw what the miners did in previous week - dump at first moment. That proved what I`ve said about going to BTC market, but after next reward dropping.

Again this is me speaking for self.

Karma is not a coin designed for people to pump and dump or to trade around to make a profit. If you trade Karma and make big cash then good for you but our goal and vision for Karma goes way beyond the trading and mining market. We are focused on building a first of it's kind crypto currency that will be backed by a real company that is focused on doing Good things in the world via a variety of different projects that are organized, developed and executed by its investors. The true value of Karma will be compounded by real impacts that are made in its name to the cyber and real world. So if you choose to ride our coat tails and trade on the ups and downs then I wish you the best of luck. As for myself I don't really care what the price is right now because I am not near sided, I look to what Karma will become and not what it is now. Karma has gone up over 900 % in its first three months of relaunch and the Karmashares LLC (which without a doubt is the reason this phoenix has risen) is barly in its infancy. While no one really knows what tomorrow will bring I have seen a lot of pointless crap coins skyrocket for no reason at all so it makes me smile to think where a coin that is backed and promoted by a real company will go. In addition we are but a few team members engaged in a lot of different time consuming projects and are always looking for more of the community to lend a hand and join us in building a coin that will make crypto history. If anyone doesn't feel there is enough information on this forum then I invite you to step up and put your actions where your mouth is and help out by posting any additional information here derived from our other venues that you feel is lacking. Again these are just my opinions directed at the masses and not directed at any one individual. I would like to thank all of the Karma supporters who have stuck to their guns and didn't/don' t jump ship at the perceived first storm of this long but rewarding voyage. Go Karma!!!

Why not post about it here, if you think it should be here but is not yet?

As a workgroup moderator, you're more than free to.

I put an open TASK in the forum for somebody formalizing a procedure for spreading announcements and Infos over all channels. http://karmashares.com/forums/index.php/topic,311.0.html here is the related discussion on it http://karmashares.com/forums/index.php/topic,310.0.html

I just studied the orderbook at MP a bit:

There are
413 LTC of sell orders between 200 and 249 litoshi, and
875 LTC of sell orders between 250 and 299 litoshi, then
898 LTC of sell orders between 300 and 349 litoshi.
Then it becomes thinner... with
100 LTC between 350 and 399 litoshi, and
105 LTC  between 400 and 449 litoshi, and
117 LTC between 450 and 499 litoshi.

From 36 to 189 litoshi in one month (17th of May to June) is simply amazing.

But even those incredible 24h-volumes
(of 220 LTC to 1914 LTC per day in the past week)
may have difficulties of breaking through the two hundreds?

On the other hand,
who buys now in the two hundreds has space to sell in the three hundreds;
and a total volume of 5260 LTC in 7 days ... wow.

I guess it's time to become even more optimistic now. I move my sell offers higher.