[ANN][BITS][BITSTAR] POS ★ MULTIPOOL ★ ANON ★ In Wallet FIAT Exchange beta - page 44.

cryptodevil

legendary

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Thread-puller extraordinaire

Quote from: wtman on July 20, 2014, 07:04:00 AM

Why did you put up a 6 btc wall earlier if you didnt want to pump it? Why is it gone now?

It wasn't to pump it, it was to stabilise it. If I wanted to pump it I could easily have stuck dozens of BTC on the markets and kept raising the price. As it was I ended up getting some more at higher prices than that because very few people would even sell into that wall.

I took it away for two reasons, firstly, the Mintpal incident with VRC caused me a lot of problems in my trading plans and I wanted the funds for some other trades I wished to make and, secondly, those who want to buy BITS now are tending to find that there is not a lot of volume below 1k satoshis and those who hold are less likely to want to sell for less than 1k satoshis. The trading volume on BITS is low primarily because people don't want to sell what they have.

There are *far* fewer coins available to buy than people realise.

The new services is meant to bring non-crypto people into crypto through BITS, which would mean that as the buying volume increases the price will naturally increase due to the relative scarcity of the coin and that's all I'll say at this point.

_theone

full member

Activity: 140

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Quote from: prospecta on July 20, 2014, 07:10:13 AM

Quote from: Francecrypto on July 20, 2014, 06:18:39 AM

Trying to exit with a big fatass wall? And moving it up when price goes up?

Has to be the worse trader ever then.

You're an idiot for two reasons;

1) You think that is whats happening.

2) You think $900 is a "fatass wall" hahahahaha.

no its just someone taking profit. probably he bought in at 250 or something like that. anyways, that can be breached/tested easily.

remember that this coin was very dead a month ago and its now getting back to life.

for me, thats a good thing.

prospecta

hero member

Activity: 729

Merit: 500

Quote from: Francecrypto on July 20, 2014, 06:18:39 AM

Trying to exit with a big fatass wall? And moving it up when price goes up?

Has to be the worse trader ever then.

You're an idiot for two reasons;

1) You think that is whats happening.

2) You think $900 is a "fatass wall" hahahahaha.

thisisit

full member

Activity: 224

Merit: 100

Quote from: Alexkiddleb on July 20, 2014, 07:05:00 AM

Quote from: _theone on July 20, 2014, 06:50:06 AM

Quote from: jakiman on July 20, 2014, 06:48:46 AM

Quote from: Francecrypto on July 20, 2014, 06:31:21 AM

I will ask him on IRC. anyways the second update is coming very soon, so it's not like you have long left to figure it out by yourself.

Another ninja-launch? I reckon should hire a marketing / PR person into their dev team. Tongue

yes, on that i +1

On this, I posted I am a marketing/comms person by trade and would put some ideas forward.

A couple of points:

1. I think twitter and facebook could be a lot better and more active. The original post could also be updated a lot better as well as the website.
2. I think one of the biggest problems coins have these days is a lack of credibility. If you look how share IPOs are offered, there is always a prospectus that outlines company vision, key players in the business and future projects. I feel that Bits could benefit from something similar. We need to give investors a reason to invest and clear picture of what we are trying to achieve and who is involved.

It would be very easy to market this coin. We could do facebook advertising, google adwords, media releases and many many other things however the key is what is in it for an investor. We need to offer something that is tangible and real world and market that as our point of difference.

I noticed on another coin that someone was trying to sell something and advertised it in the forum. Is there a way a marketplace could be built into the wallet? We already have the payment system, now we need the product.

yes, a market place can be build into a wallet, just like a lottery can as well

Alexkiddleb

member

Activity: 66

Merit: 10

Quote from: _theone on July 20, 2014, 06:50:06 AM

Quote from: jakiman on July 20, 2014, 06:48:46 AM

Quote from: Francecrypto on July 20, 2014, 06:31:21 AM

I will ask him on IRC. anyways the second update is coming very soon, so it's not like you have long left to figure it out by yourself.

Another ninja-launch? I reckon should hire a marketing / PR person into their dev team. Tongue

yes, on that i +1

On this, I posted I am a marketing/comms person by trade and would put some ideas forward.

A couple of points:

1. I think twitter and facebook could be a lot better and more active. The original post could also be updated a lot better as well as the website.
2. I think one of the biggest problems coins have these days is a lack of credibility. If you look how share IPOs are offered, there is always a prospectus that outlines company vision, key players in the business and future projects. I feel that Bits could benefit from something similar. We need to give investors a reason to invest and clear picture of what we are trying to achieve and who is involved.

It would be very easy to market this coin. We could do facebook advertising, google adwords, media releases and many many other things however the key is what is in it for an investor. We need to offer something that is tangible and real world and market that as our point of difference.

I noticed on another coin that someone was trying to sell something and advertised it in the forum. Is there a way a marketplace could be built into the wallet? We already have the payment system, now we need the product.

wtman

legendary

Activity: 1030

Merit: 1000

Quote from: thisisit on July 20, 2014, 07:03:41 AM

maybe the dev thought that it isnt an interesting feature and just a nice to have.

that is what it looks like

wtman

legendary

Activity: 1030

Merit: 1000

Quote from: cryptodevil on July 20, 2014, 07:01:02 AM

Quote from: wtman on July 20, 2014, 06:44:18 AM

What I'm asking is only fair. Show us what's coming up

No, what you're asking results in artificial price pumps that collapse when the update is released. It has happened to multiple coins on multiple planned releases that have been announced and scheduled for a specific date.

To avoid that, because the moment the bubble collapses people lose interest in the coin and anyone who was unfortunate to buy at the top only ends up setting a sell price that'll dump their holdings the moment there's a slight rise in the collapsed price, causing even less chance for the fair market price to be established, the policy for this project is not to announce all features being introduced and not to give specific dates for their release.

That takes the pressure off the dev team and also allows for less market manipulation by speculators.

All coin projects should use this approach.

Why did you put up a 6 btc wall earlier if you didnt want to pump it? Why is it gone now?

thisisit

full member

Activity: 224

Merit: 100

maybe the dev thought that it isnt an interesting feature and just a nice to have.

jakiman

legendary

Activity: 1638

Merit: 1011

jakiman is back!

I think this is the only anonymous transfer enabled crypto where the OP doesn't even mention how it works. Cool

Heck, the dev didn't even mention a single line about it in the new wallet announcement! Very unorthodox. Tongue

https://bitcointalksearch.org/topic/m.7914010

cryptodevil

legendary

Activity: 2240

Merit: 1254

Thread-puller extraordinaire

Quote from: wtman on July 20, 2014, 06:44:18 AM

What I'm asking is only fair. Show us what's coming up

No, what you're asking results in artificial price pumps that collapse when the update is released. It has happened to multiple coins on multiple planned releases that have been announced and scheduled for a specific date.

To avoid that, because the moment the bubble collapses people lose interest in the coin and anyone who was unfortunate to buy at the top only ends up setting a sell price that'll dump their holdings the moment there's a slight rise in the collapsed price, causing even less chance for the fair market price to be established, the policy for this project is not to announce all features being introduced and not to give specific dates for their release.

That takes the pressure off the dev team and also allows for less market manipulation by speculators.

All coin projects should use this approach.

_theone

full member

Activity: 140

Merit: 100

Quote from: jakiman on July 20, 2014, 06:48:46 AM

Quote from: Francecrypto on July 20, 2014, 06:31:21 AM

I will ask him on IRC. anyways the second update is coming very soon, so it's not like you have long left to figure it out by yourself.

Another ninja-launch? I reckon should hire a marketing / PR person into their dev team. Tongue

yes, on that i +1

jakiman

legendary

Activity: 1638

Merit: 1011

jakiman is back!

Quote from: Francecrypto on July 20, 2014, 06:31:21 AM

I will ask him on IRC. anyways the second update is coming very soon, so it's not like you have long left to figure it out by yourself.

Another ninja-launch? I reckon should hire a marketing / PR person into their dev team.
Or I hope Stage 2 wallet is special enough to gain good attention even without PR. Grin

Anyways, I'm not in a rush although still anxious as ever. Grin

_theone

full member

Activity: 140

Merit: 100

poeple, give the dev a break. he is here for us and he will release soon.

wtman

legendary

Activity: 1030

Merit: 1000

Quote from: cryptodevil on July 20, 2014, 06:39:03 AM

Quote from: wtman on July 20, 2014, 06:25:49 AM

Why is the dev so secretive? Share some information about what's coming up. That's all I am asking.

Here, let me translate, "Why isn't the dev telling me whether its going to be worth buying some BITS now so I can do a quick flip on a price spike caused by people getting excited about the new release?"

Try reading the thread.

Maybe you dont have anything good coming up? Quite a possibility considering the situation with coins. Right? What I'm asking is only fair. Show us what's coming up

thisisit

full member

Activity: 224

Merit: 100

ah yes, thats a valid explanation Cool

cryptodevil

legendary

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Thread-puller extraordinaire

Quote from: wtman on July 20, 2014, 06:25:49 AM

Why is the dev so secretive? Share some information about what's coming up. That's all I am asking.

Here, let me translate, "Why isn't the dev telling me whether its going to be worth buying some BITS now so I can do a quick flip on a price spike caused by people getting excited about the new release?"

Try reading the thread.

Francecrypto

full member

Activity: 238

Merit: 100

I will ask him on IRC. anyways the second update is coming very soon, so it's not like you have long left to figure it out by yourself.

thisisit

full member

Activity: 224

Merit: 100

Quote from: wtman on July 20, 2014, 06:29:18 AM

Quote from: thisisit on July 20, 2014, 06:26:57 AM

Quote from: wtman on July 20, 2014, 06:25:49 AM

Why is the dev so secretive? Share some information about what's coming up. That's all I am asking. The coin buy support is apparently dead. Take a look at the market yourself https://bittrex.com/Market/Index?MarketName=BTC-BITS

i think because the features are competing with some upcoming features on other coins/doesnt want get copied so that he isnt first with something. something like that. only dev can answer.

I'll call bullshit on that. Sounds like one would say that if there's nothing good coming up. Don't release the source code, but show us what is coming up.

i guess you have to wait. i cannot say more.

wtman

legendary

Activity: 1030

Merit: 1000

Quote from: thisisit on July 20, 2014, 06:26:57 AM

Quote from: wtman on July 20, 2014, 06:25:49 AM

Why is the dev so secretive? Share some information about what's coming up. That's all I am asking. The coin buy support is apparently dead. Take a look at the market yourself https://bittrex.com/Market/Index?MarketName=BTC-BITS

i think because the features are competing with some upcoming features on other coins/doesnt want get copied so that he isnt first with something. something like that. only dev can answer.

I'll call bullshit on that. Sounds like one would say that if there's nothing good coming up. Don't release the source code, but show us what is coming up.

thisisit

full member

Activity: 224

Merit: 100

Quote from: wtman on July 20, 2014, 06:25:49 AM

Why is the dev so secretive? Share some information about what's coming up. That's all I am asking. The coin buy support is apparently dead. Take a look at the market yourself https://bittrex.com/Market/Index?MarketName=BTC-BITS

i think because the features are competing with some upcoming features on other coins/doesnt want get copied so that he isnt first with something. something like that. only dev can answer.

Topic: [ANN][BITS][BITSTAR] POS ★ MULTIPOOL ★ ANON ★ In Wallet FIAT Exchange beta - page 44. (Read 151836 times)