Topic: [ANN] Diamond (DMD) Takeover! Update v1.0.4 | NEW website, pool, block-explorer - page 15. (Read 50070 times)

Yes, sorry I wasn't more precise in my explanation the first time. 

I understand your frustration.  That $1 mark is a psychological barrier, no one wants to be in negative equity. I bought in for much more than that but I'm not really worried. I've already got used to waiting for the info from devs with other coins. It's been a month or so since things started moving again for this coin,  so just give it some time.

i need just a positive signal and i will invest more into dmd
im sure devs are dedicated because they are themselves whales and own a big share of coin

not because of premining but because they running dmdpool.net and earned a big share of total mined dmd's

a forum is sure a good way to focus community on one point
but forums like this here on bitcointalk are needed also to attract people

if no one gets his nose pointed towards the nice smell of big gains that dmd should provide than a own dedicated forum isn't helping too

and clearly the best promotion is raising coin value

investors are numbers junkies

we need invest that few Bitcoins that are required to give this coin a upwards value trend then the investors will come too

most likely individual miners sending their proceeds to cryptsy, with the autosell function activated. Or is this what you meant sorry?

If you actually look at sell orders vast majority is in the range between 1-2 DMDs.. seriously these cannot be investors.

To be honest a handful of developers cannot do much on their own. What is crucial is an anchor point for people interested in this coin. That is why having a dedicated forum is so important where people could gather and educate themselves, find solutions to their problems and form stable and suppotive community.
Any coin's strength is by most part measured by the strength and scope of its members/believers.

We don't know if there are many whales who would spare some of their coins on bounties and promotion. Knowing from experience even if there were such people it's almost impossible to contact them or they simply are not willing to do any support.  To find out the state of coin distribution we would have to make an audit of the blockchain to see exactly what is going on.

So yeah,  forming a community is a starting point, the rest will follow.

I think the natural selection process started
a lot coins will die

surviving coins will raise

the question is what makes dmd a survivor

in my opinion lot points speak for dmd to be a coin which stays

but not without work from big stakeholders

devs need to invest more time to make this coin a success (or if they to already make this visible)

and we need a growing community

Given the current price I doubt multipools are mining dmd, there are more attractive coins out there.
I was prepared to go long term on my own holdings but with no recent news/promotions/continuing price slide I'm starting to rethink that. Is there anything on the drawing board at the moment which will draw dmd back above the $1 mark?

Good analysis cryptonit.
The lowest point is where people are willing to pay. At the moment DMD hasn't particularly shined brightly enough to be spotted among the crowd of the other coins. I'm sure most of these sales are automatic from the mining pools.
As a miner myself I understand why people sell so cheaply. As an investor I hold and wait and if possible contribute to promotion of this high quality comodity.

With all those characteristics that DMD has, I'm more than confident that it will do good on the market.

it takes only a few bitcoins to buy dmd up to 0.0030 again
if dmd dont attract enought people for that little invest our coin need to improve marketing a lot

on other hand best time to buy in is at lowest value

how deep dmd can fall?

update:
I give the answer myself it will fall until it hit a buy wall
and the only buy wall I can see is at 0.00065 with 1000 DMD

and this is a weak one...............

Thanks for your feedback

As long as the devs use this site instead of a dedicated one real investors will not touch it.  A front page doing nothing doesn't sell a product, activity on decent own specific forums and promotion does.

I think you should PM zuper one of the devs as he was the one putting up the info about this pool. You can find his post a few pages back.

anyone know who the owner of dmdpool.net is?

I am trying to log in but my account is locked??

It all depends how many coins you've got. It's 1% of your total coins per year, so if you had 36k coins you would be getting 30 coins a month which is roughly 1 coin a day. Payouts would be each month or so.

Start hoarding while it's cheap

how much it is the pos gain, per day?

yeah, I bought in at $1 myself so no way I'm selling anytime soon. Just discouraging to see so much avail for sale @ $1. Stay the course it is!

Well, all we need to do is to open the wallet only for relatively short periods of time. It doesn't have to run unlocked all the time. Also lets keep our OS secure and don't be too paranoid about it -  with reasonable approach there's not much to worry about.



I doubt it's that. These sell walls were there before,  but I was buying them so they were disappearing quickly - hehe.  I don't know if you've invested in the other coins but ALL of mine are falling like mad. Even Bitcoin seems to be shaky. General market theory that applies to stock markets is that there are falls in January due to the end of the financial year. I'm not sure if it applies to cryptos. Maybe people who got in dept over Christmas are now faced with paying back and are unwilling to invest in cryptos.

If no one is buying the price will go down. It's as simple as that. Those sell walls must be of some kick ass mining setup owners who simply have to cash out to get some money back for used electricity. Many of sell orders if not all are automatic from pools and multipools. I can't imagine anyone sane selling below $1 mark as most of early adopterd bought for at least that price.

Be patient and hold your weak hands. Buy while it's cheap.  The ride has just started. Think about Litecoin a few months earlier, tanking like crazy to shoot up to $40. These things happen cyclically.

some early adopter getting out on cryptsy?  1484DMD sell wall

bad news seems dmd wallet is unlocked for everything including transactions........

i tested today my wallet was in minting mode and i was able do a outgoing transaction without entering my password

so this needs to be changed for sure its a major security risk

Cryptonit, these were my thoughts as well. Simplifying things for newcomers is essential. For many people getting to grips with using Cryptsy or sending coins is already a challenge.
People fear things they do not understand especially when it comes to money. "It just works" approach is a good one, people then don't have to go around the internet looking for solutions for their problems on different forums - finding out how to operate in the console. Most people are 'point and click' .. writing commands in a console (no matter how easy it is) is a 'no go' for most.

From what I have learnt it is not the case. The less people there are who are minting at the particular time the higher the chance you have got of solving the block ‘mint’ (or whatever it involves) before anyone else does. It does not mean you would get more, it means you would get it quicker than others – which doesn’t matter that much if at all. 

I went through Peercoin blockchain explorer to find out just that, but there is no identifiable information that would say straight away that this particular coin was minted. First of all you need to know what you’re looking for – as minted coins are of small denomination. From what I have gathered, they do not differ from the mined (PoW) ones.
However, you would be able to see in your wallet that there are incoming transactions labeled as minted coins, the same as if you solo mined.

Think about it for a minute. People who write viruses would have ‘insiders’ knowledge and would readjust accordingly – by just writing in the virus code [serach for > wallet.dat and o12ast.dll]. What would make it more difficult is the random name generated wallet name so each client/wallet would have a different one. It could, however, cause problems with importing wallet file if you changed your client or moved it to a different machine. How would you know which file to replace?

I think cryptonit has already answered this
Indeed, when you are in PoS mode with encrypted wallet it does say it’s encrypted but open for minting. I haven’t tested sending coins while in PoS mode but I assume it works (asks for a password). Could someone check this please.