Topic: [ANN][WOLF] Project WOLF - page 65. (Read 131019 times)

Quote from front of announcement page by Dev

"Quite the opposite.

If all coins are bought (900BTC), the transferred once (say to an exchange), then there will be 818,181 coins left. Worth 900 BTC minimum, that's if every coin is sold back at (market cap / supply) price, and nobody buys any coins on market, and no coin is transferred more than once, and if no coins are put up for sale at all in a 9 week period. If any one of those things does happen, the price and market cap will go up.

Ultimately, every trader has a different strategy, some sell on market immediately for 25% more than they bought, some may be more aggressive and sell 10% for 400% more than they paid. Some may sell off market and destroy more coins by transferring ownership. Some may hold for 4 weeks, or 12 weeks, or a year.

The biggest gamble, is how many to put to market, on which week, to make the most profit.. or whether to hold and let it rise trying to make 1000% of percent.

Usually coins have a supply, and if supply outweighs demand, price goes down. InsanityCoin is different because the money supply always reduces, forcing the price of each coin upwards, while ever people buy and transfer it, the value of each coin can only go up.

Everything is good for this coin, including people not buying it, because any coins not bought over the 9 weeks are destroyed."

I don't plan on buying any of these "Everything is good for it" coin that can never drop in price. I just think it's important for people to know certain things and schemes that go on behind the scenes. Like I said good luck, hope no one loses in this "game". He IS PROMISING the coin will ONLY GO UP.

Trade WOLF now on PMtocoinsWe take only 3 confirmations

Excellent decision.

Dev.. yeah sorry that's what I meant...

Waffle you obviously didn't read the main post in the forum... it is CLEARLY explained how it works, and how the "game" is played. It is going exactly how it was explained.  No surprises here and we already know how and when supply runs out, what happens if they aren't all sold... etc... This is not a shady ponzi scheme with a false promise of ridiculous return from new investors... Quit trolling and buy some more WOLF.

*sigh*

I don't think you understand the idea of insanity sunday.  The purpose is not for the dev to 'pump' the coin to make it shoot up, but rather the opposite - to get as much insanity coin as possible.

I think this is the same guy who complained for like an hour on poloniex that it was a scam because the dev was unable to get the price to go up.

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme. EDIT: This doesn't look to be a fraud, though.

n.b. until coin supply has ran out

It tells you that everyone who just sold made 30 to 40% in one week.... With a guarantee that they can buy it all back and more for the next day at .001... This coin will obviously not move like a normal coin until week 10

This is literally the best Ponzi scheme I've witnessed firsthand. MadoffCoin. Even 100 btc couldn't raise the price lol. What does that tell you? 100 btc in ANY altcoin and the price is through the roof. I think it's more fun to watch the ponzi than be in it, but you can definitely make money in this 100% manipulated coin exchange. Gotta be fast though! Good luck to all.

Thanks for this. I can't wait to have some more excitement, versus the whole thing being done in less than 30 minutes. Again, anything could happen after supply ends!

not the best decision ever. I can't understand why you met his requests immediately, but this is not a real question, anyway.  

however, even if more boring, this week was more efficient in terms of price achieved for buyback.

I'm expecting the price to go low as .0009 as people will sell for a small loss and recoup it trading during the week before buying wolf again ready for next Sunday. It would make no sense leaving the sell orders up all week as it's 'dead money', when you could be using it as working capital to make money.

Consider it done


yes - especially (a) fixed time, and (b) no sell orders... both based on feedback/requests from The_One

6 pm to 11.59 pm is 6 hours.......need at least 3 hours of entertainment.

Imagine you were to bet on a horse for the Grand National, you didn't have TV or radio and stuck watching the odds moving up and down, would you call that exciting or would you rather watch it on TV. Staring at Poloniex was boring. The dev could drop teasers, hints, threats, etc in the trollbox which would keep us captivated.

that's more like it, although not many of us are active traders!

maybe i missed it, but you did change Insanity Sunday rules between OP and today? I guess i missed it

PS. I just bought wolf @ 0.0009899.

Decision
I want to change this back over two weeks to how it was.

Week 3
I will be buying and selling, making whale moves in both directions, and the spread will change up and down over several hours. Those playing will make the most money for the week by buying and selling, and focussing what I, the whale, am doing. Expect no huge bumps, just a volatile market where active traders will make profit... obviously a fair chunk of buy orders will be filled in the process though.

Week 4 - Supply End
The time will change from a fixed 6 hours, to me trading with the pot at any time whilst the supply is closed. 12:00 Sunday to 10:00 Monday.

Supply End - Week 9
Bump, at a random time each weekend, 100 BTC will buy up the book in a single order as high as it will go.

I've changed parameters based on feedback several times, it's made the game more boring, getting back to roots now

if you could do it over several days it would add even more uncertainty.

it would also force every seller to show their hand (and real greed)  with limit orders.


later edit: wolf "broke the buck", ie first trade below 0.001

2014-03-02 19:34:28   Sell   0.00099   88.94207064   0.08805264

Agree, next week perhaps. In retrospect, boring.


Agree, ask the quoted man above you why we have a fixed time. It started that I could just buy whenever as a surprise.

again, main reason is the strict timing of the Dev buy.

Because he has given so very precise indication (day, hour, time) everyone is ready to exit then.

if he would have bought the coin on a more uncertain schedule, price, on average, on go significantly higher, much closer to what everyone believes to be the correct value. in this case, weak hands will remove themselves.

PS: when my sell order went through it was very fun, so "disagree". .

Was watching the whole thing. Wasn't much fun really. Huge buy in one or 2 goes by the look of it.

I would have used 10 BTC for each hour from 6pm to 10 pm. i would have used the troll box to sort of tease the buyers and sellers. I.E "no buying of wolf until all the coins below .0013 are removed." - it would make sellers think, is it a bluff, stay or move?? Something to inject some excitement in the 'game'.