Origin About To Moon?

in cryptocurrency •  7 years ago  (edited)

What Is Origin?

"Origin is a platform for asset trading and management. With the decentralized scripting system, it is possible to run a marketplace as well (one is planned, known as the ADM) where other goods and services not specifically included in the token system can be traded. Origin itself is just a mine-able coin, but the platform that it powers is what really makes it special."(https://bitbucket.org/backspace119/ki-project-origin/wiki/FAQ#markdown-header-what-is-origin-why-is-it-special)

How Is Origin Doing Currently?

Currently Origin is not doing so hot. From being worth over 20-30 cents in January, is has now cooled all the way down to .005. However over the last week I was noticing trades only occurring with the value at .003, and seemingly no buyers out there. With luck and good price, there are likely 3 buyers currently, with more than 100 miners. To say the least, thee coin is a clear HODL for now, until prices go up.

Future Plans For Origin

Origin is no where near being out of the tank however, which everyone must notice when looking at the coin. The next update is planned to have an ADX in it for people to trade origin within the bat files. This is a huge step, because previously in order to trade you had to make an unofficial trade on the Ampex Discord, but now there is a middleman as well as it exchanges Bitcoin to Origin, or vice versa. With this coming out there will be a set minimum per coin to trade that is around 4 cents per Origin. With the Discord rooms taken out of the server, it will drastically raise the value of Origin as it will be harder to sell Origin Unofficially as you have no idea who is interested in buying, leaving you to be banking on the ADX itself. Secondly, they have plans to either make an exchange which will draw more people into mining Origin. Currently with no official market, miners are straying away from it, but when that is released there will be a flock headed.

Origin Will Be My Cash Coin?

Currently, even with the .003 valuation per Origin, It is still the most profitable coin to mine. With a 1050 and 750ti I make around 500 coins each day. That is approximately $1.50 a day which is much more than direct mining any coin for around $1 a day.
However with the ADX coming out in a little bit, that .003 will be a bit over 4 cents per Origin. That will be more than a 10x increase, meaning that mining each day will be worth well over $15. With this in mind, each month I would be making $450, and that's not with the exchange yet. So with this much income coming my way, I will definitely be buying 2-3 1070's over the summer and keep mining Origin until the difficulty increases too much. As long as prices stay near 4-5 cents, my saved Origin will be a nice added bonus to the daily mining.

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Great post, but I noticed a few things that could be changed to improve it:

  1. You should credit where you got the quote for the first paragraph. Here's the link if you need it: https://bitbucket.org/backspace119/ki-project-origin/wiki/FAQ#markdown-header-what-is-origin-why-is-it-special
  2. The price of Origin in January was about $0.25, not $0.002 or $0.03

Wasn't that artificial inflation? Did anybody buy at that price, I first had it at that but changed it to 2-3 after I was told otherwise.

It was definitely inflated for sure, but people were trading for it at the beginning of the month. I guess you could really put either, because it started to fall towards that by the end of the month.

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