Topic: [ANN][WOLF] Project WOLF - page 63. (Read 131028 times)

On the contrary, the dev has a literal 650 btc sell wall at .001, it's just not on the exchange.

The dev


"Details

1,000,001 coins mined, 10% transaction fee which is destroyed.
Max 900,000 coins are available at 0.001 BTC each.
The remaining 100k are destroyed (by the transaction fee when coins are purchased)."

Massive 500+ btc sell wall from the dev at .001 in addition to the 1.5 btc wall at poloniex

It feels like this will go against the original WOLF spirit.  If possible, there should not be even a tiny amount of inflation.

To keep it rare after week 9, I think the block rewards should at most be equal to the 0.002 fee. e.g. you need to mine two blocks before you can send it.  This makes it more interesting.

Why ask silly a question when you already knew the answer.

The "wall" is 1.5 btc worth of WOLF. The pot is 100 btc and there's only 61k WOLF in the book on poloniex and about the same in the wild after taking account of those holding + investors, destruction etc.

I think people have overestimated how much wolf is out there and available to purchase on market.. I could put up a 100 BTC wall at 0.001 and you couldn't empty it if you all dumped.

What if it's always available under .001? The rest of the supply won't be bought and the pot won't be filled ?

It's as if there is a massive sell wall at .001 now from the dev..

You should buy from the exchange at .00095 if it's available!

So why should I buy from the dev when I can buy at .00095 from the exchange instantly?

Thanks

Whoops I see you what you mean, fixed.


Insanity Sunday this weekend (9th) timeframe 18:00-23:59.

Lol, 9 is better than 1, isn't it? 

Yes, it's much better now: I see a 0 followed by other 8 zeros    
No, there is no information on the price column, the list of last week was ok and I could see it without problems (with both OpenOffice Calc and Ron's Editor).

I don't understand it. Is this for the whole current week or only for the insanity sunday next weekend? And what's the timeframe for this, same as the last two weekends or a new timeframe like week 4?

 

Yes, but that is what I am saying. If one had read the this forum before this past Sunday, they could have seen comments explaining why the 2nd Sunday was naturally going to have more downward pressure on pricing than the first Sunday. So, even if one impulsively bought some WOLF from the developer without really thinking through the "game", there were many commenters on this thread who explained it thoroughly.

As far as the developer's tips go, you really only mention one aspect. But, yes, there is indeed a very good reason to band together to become a "whale". The advantages of doing something like that are obvious, although possibly exaggerated (depending on how the "game" unfolds). The fact that it hasn't occurred yet (as far as I know) is not really his fault.

Of course, you are right in that human nature makes some of that difficult and could torpedo even a wily whale's game plan, but it could still work, especially assuming that the day trader's numbers are just not that high at this moment. But, one could go on and on of various strategies regarding individuals as well as a pack of WOLVES (whale).

My whole point is that Sunday's results were generally telegraphed ahead of time by a few comments on this very forum. So that even someone that hadn't really given the "game" more than a cursory thought could have caught up on the current thinking by reading just two or three pages of this forum.

Unless there is another alpha wolf lurking around and hopefully make a prepump and not a predump.

The problem with the tips from the dev etc is that they only work when everybody works together. That is never going to happen in a million years. Instead we all just put our sell orders lower and lower, that's human nature.

The only reason people made a decent profit in week 1 was because it had just started, low visability, some people didn't trust the dev or the game etc. Exactly the same as BTC.

Each week the average profit will go down and down.

I am a little nonplussed why people seem upset and/or surprised by the results for the week. Yes, I thought the price would be a bit higher on Sunday, but the general pattern was obvious.

I'm not trying to pretend that I am some expert trader. Even if someone didn't bother to think it through (busy lives and all that), these very pages had comments that explained how it was going to be this past week. It may behoove all to keep an eye on these pages for a little insight. Not only do many of the people commenting, flesh out the machinations of the "game", but Insanity Dev himself offers tips on a regular basis.

And while I am not disagreeing with some that have said it was a little less exciting than they had envisioned, I do want to push back a little. While it was certainly interesting how the prices turned out these past two weeks, I really had no desire to watch the events for 6 straight hours. (now 14). I have to refresh Poloniex every time I want to see what has happened anyway (maybe I am doing something wrong there), so it's not like I am seeing it live anyway.

I guess what I am saying is that I think that the excitement level is somewhat important for the entertainment value, I suppose, and one can glean some information from the way the trading unfolds. But, it is the results themselves that I find just as interesting and more useful. At least as it has gone on so far.