Topic: [ANN][WOLF] Project WOLF - page 77. (Read 131019 times)

Also, what just occurred to me: The maximum weekly potsize is 100BTC but the dev can sell more than that if there is demand.
The overflow BTC will carry over to next week's pot, but there will be far more WOLF in circulation during that week.

Even if we stay below the maximum pot every week, the amount of WOLF in circulation will still rise making the fight for the pot more fierce every week.
Or have I overlooked something?

I don't think that we will see prices dive below 0.01 yet next week yet, but with every week the pressure will rise for holders to liquidate their wolf. At any price.
That can cause people to acquire WOLF from the market instead of the dev, which then again will cause the pot to stagnate, causing deflation and dev supporting the markets on the exchange...

Omg, we are simulating a real world economy here! And dev is the federal reserve...  

How buy Wolfs?
I think is better transfer it to direct Poloniex adress?

There is no ideal time, this one covers Europe+Americas+Africas, with friends who are early risers and late sleepers in australia+china. So unless anybody can propose a better time set taking everyone in to account worldwide, we may be best to stick to this.

Historically (having worked online for years) this is the time I find most of my international contacts online with various stages of tiredness.

rules may be improved based on actual vs intended results.

the rules are clear. If you can't join, don't play.

Sold at 0.0022 fuk im good

Expect for next week, a lowest hight, since a lot will be stucked with coins, and will starting to stress, and put low sell orders , just to be sure they are filled.

Some factors can change this like : Non topic buyers from poloniex buying above 0.001

"The IQ of a mob is the IQ of its most stupid member divided by the number of mobsters."
— Terry Pratchett


I could only trade from my phone today and when I got to a PC it was already over.
Still I cracked down couple sell walls to put them up a bit higher again.
I sold everything at an average of around 0.0015BTC. Which is lower than dev's average buyback price, but I still consider myself a happy camper.  

Next week will be a tighter competition with the 45% of this weeks WOLF still floating around.

Let's max out the pot next week, shall we?


 edit: I accidentally a zero

can you please start earlier (like 2 - 3 hrs earlier) and have it last 3 - 4 hours (not 6)?

This week (the hardest) you got finished in 2 hours.

it's difficult for those in utc+2 / 3 / 4 / etc

but you will announce the time before you enter market, right?

no, every week I do something different, and I won't always start at 18:00, may leave it till last second, or, or, or

so, every insanity week you make sell order ?

unbelievable. if someone says 'wisdom of the crowds' ever again i will refer them to this thread!

There are 3 sales. That's every trade I did this week.

will you list your sale orders also?

the csv has only the buys.

Insanity Sunday - Week 1 Results

Summary

• Total Pot: 79.52639466 BTC
• Total Acquired: 43940.88047998 WOLF
• Percentage Acquired Back: 55.25% of WOLF sold.
• Average Price: 80.98% over base (0.001809845 BTC)
• Maximum Price: 125% over base (0.00225 BTC)
• Minimum Price: 45% over base (0.00145 BTC)
• Market Activity: ~$85,000 USD (134 BTC @ $630)
• Peak Market Cap: $1,273,100 USD (((987947.27558637 /11)*10)*0.00225)*630
• Trade List: http://5.9.111.71/results/w1/trades.csv

Developer Feedback:

I honestly expected to be getting 25%-30% back with an average price of 0.003 / max 0.005 today. I was pleasantly surprised I managed significantly better.

I was amazed that people kept making each others bids cheaper. I thought most would have realised that if one person decides to go lower the best thing you can do is go higher, then they are left by themselves with no support.  I made this clear through the week, yet still everybody went lower even with additional BTC in the pre-pump, and a known pot of almost 80 BTC coming in minutes or hours.

For wolf and the pack long term, the most efficient model is "free wolf", buy 100, sell 50 for original investment = 50 free wolf, this forces exponential purchase of wolf, the faster it runs out, the faster it's a normal market with guaranteed bumps and no fixed supply available. This also maximises profit long term for the individual.
Mid way is as above but with reinvestment in to wolf, driving your overall purchase price down and wolf balance up ( 100+( 50*8 ) = 500 WOLF for 0.1 BTC with a value of 0.5 BTC, 400% profit over base, real profit probably xxxx%).
Short term and the lowest profit, but most guaranteed on a per week basis is the individual strategy sell everything each week for btc profit. This still benefits the pack as it's destroyed, lowering the coins in circulation making each single wolf worth more, but does reduce every bodies profit overall, most significantly the one with this individual strategy.

This is the only week I'll give feedback, various strategies have been discussed in my previous posts.

Other Updates

• new stable windows-qt client ready for tomorrow (thanks pompobit!)
• new stable mac client ready for tomorrow (thanks the samson)

Coin Destruction
Total to Destroy: 43940.88047998
destroyed: 363.36363636
destroyed: 39946.5277091
destroyed: 3630.98913454

You can see the money supply decreasing here, here, and again here


I'd like to thank everybody who took part in the first Insanity Sunday. Coin Supply opens at 10:00 UTC tomorrow for week two.

... and the total Poloniex BTC-volume is "only" 486.703 BTC (24-hour volume top right on the screen)

I dont know if dev finished or not. but 24 hours volume 133 BTC.
i made profit about 100 Wlf, not bad

But they would have to be Danish, too.

Looks like 22 would have won if more people had played.

That would be so devious and brilliant if he lied about being done. REMEMBER he is not our friend in these 6 hours! It is up to you to keep track of the BTC flow.