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Tuesday, November 11, 2014

The Let's Get High Coins

No, there's not a let's get high coin.... yet.... but there are a number of ones that have sprung out of the Earth in the last few weeks and months.... as Barfstars know.... (I've detailed my `investment' in some of the coins). So, I'd like to make the info a bit more fragrant and mature.... including my impression of their seriousness in their positioning statements and goals.
PotCoin
$ 388,551 - 50th place
MARKET CAP
VALUE IN USD
NUMBER AVAILABLE

Merchants

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According to the charts at CoinMarketCap - PotCoin began @Feb 10th, 2014, peaked in Marketcap about July 4th @ 1.8Million
A LONG declining value trend may have been broken about Oct. 10th.
Currently I am HOLDING onto about 0.01 bitcoin and selling 0.005 bitcoin worth of PotCoin. The chart makes you have to have faith in the development of the retail marijuana market to hang with it. Obviously it would/could be interesting as merchants acquire this `currency'. 
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CannabisCoin
$ 614,395 - 35th Place
MARKET CAP
VALUE IN USD
NUMBER AVAILABLE
(LEADING THE YES WE CANN MOVEMENT)
This coin seemed to begin about August 1st, 2014 - and had a HUGE move up spike peak about Oct. 20th with over a 5 million USD Marketcap, with an equally sharp decline, returning to mid August levels and may just be finding it's legs and bottom. So, PotCoin is positioning legal-retail, Cannabis coin is taking the MM positioning initially.
While COURTING merchants, none are listed. The site does position smoking at 4:20 PM and such content - going for the regular smoker too. Currently I'm holding about 380 coins and selling none.
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GanjaCoin 
$ 1,673 - 421ST
MARKET CAP
VALUE IN USD
NUMBER AVAILABLE
(Looking to be coin of Europe Legal Shops)
The GanjaCoin began about Oct 23rd near the PEAK of it's MarketCap around 12K - the market completely collapsed today (11/10) - my first investment to be completely vanished. I transfered all my GanjaCoins to Bluetrade in hopes of finding another market. At this price I will keep rather than throw them away away. Perhaps the big splash will comeback but I doubt it. LEARNED - Emotional buys at introductions is a bad idea..... lol. Oh, at bitcointalk... the developer of this coin RE-appeared and assured the public this was still a viable coin.... the Coin respiked in price from the dead - glad I hung onto it.
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There's more and others - dig into the virtual coin revolution.
New links are in the sidebar as I continue the transformation of BarfStew. Now called BIT BARF - you did notice right?

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