Topic: BTCD is no more - page 321. (Read 1328490 times)

I agree buying miner or renting hash it just wont pay off, but if you already have a miner pointing it to the multipools is good

what I mean is that it takes 3-4 days for the bank transfer to arrive. not to receive the coins

just an interesting note. i just realized that right now BTCD market cap is almost exactly 1/1000'th BTC market cap
and BTC markecap is less than 1/1000'th USD money supply (at least I think it is)

just to put things to scale, even after all this crazy growth, BTCD is just a tiny little speck of a tiny little speck

I use bittylicious, coins are delivered within 10 minutes of payment. So your just waiting for the 2 confirms to buy your BTCD really.

From: https://nxtforum.org/index.php?topic=4788.msg91304#msg91304

###
Asset ID
3267494002243225342
Ticker symbol
ShortBTCD

--------------

This a synthetic shorting product for the price of BitcoinDark (BTCD). If the Bitcoin-denominated price of BTCD (BTCD/BTC) goes down, ShortBTCD goes up (and vice versa). Initial Price: 100 NXT.

ShortBTCD aims to generate a daily percentage gain inverse to that of BTCD/BTC. Issuer will support ShortBTCD Target Price with orders on the Asset Exchange.

ShortBTCD Target Price equals the most recent ShortBTCD Daily Reference Price minus the percentage change in BTCD/BTC from the most recent BTCD Daily Reference Price. ShortBTCD Daily Reference Price is set daily at or around 10 am ET to current ShortBTCD Target Price. BTCD Daily Reference Price is a weighted average as reported at coinmarketcap.com or comparable substitute, at issuer's discretion, at or around 10 am ET. Issuer will maintain price support on a best effort basis and makes no assurances of timeliness or accurate calculation or reporting of involved prices.

Daily reference price updates and history will also be enshrined at twitter.com/shortnxt.

Also worth noting, given the extreme volatility in BTCD, the orders maintained by the issuer on the order book will tend to be smaller than the actual available liquidity at/near the fair market value.  Given the occasional slow block, it's unwise to maintain an enormous bid or ask that can quickly become a foolish price to be picked off.  So if you're looking to enter/exit a larger position than the order book seems to accommodate, just leave the rest of your order on the book and  - assuming the price is still appropriate - it will be filled (up to the point that the issuer's actual risk limits are reached).

###
For those of you that are not quite understanding all this, this allows you to lock in the current price. of course it it keeps going up, you are losing money on the shortBTCD, but its canceled out by the gains. If you match the value of shortBTCD with the value of your BTCD, then your combined value for both should stay pretty much the same.

So, you can keep staking while locking in a nice ATH price and if it does drop, then you lose money on the BTCD, but make up for it with the shortBTCD. Then you sell the shortBTCD right before the price goes back up.

Now, shortBTCD is not a realtime instrument, it is daily, so it is more for hedging your overall risk without needed to actually sell any BTCD

this is not for everyone, but if you understand it, it is quite useful in situations, especially if we ever get back to thinly traded markets where even one BTC would move the price

James

I have done this before with LTC and it took 3-4 days.
that might end in buying 25 btcd instead of 50 as price go up like crazy

How do I buy btcd with my credit card and how much time I need from purchasing until I put them in my wallet ?

Buy BTCD. Don't waste your money on a miner, as time goes on, that 15 mh/s will make next to nothing. Take a look at some mining calculators, you'll actually start loosing money a few months down the line.  

Don't forget, you'll need to earn your initial investment of $300 back before you even make any money.  Compare that to the steady 5%+/-~ BTCD was making.

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

If someone wants to get into BTCD, I've just put a sell order of

1500 BTCD for 300000 NXT

on the multigateway.

They are already sold.

Of course you have a new target. I didn't mean you will stuck in the same level, neither is my expectation. I remember your old target from the early days. Even, sometimes I dream about passing the BTC price behind and being the main crypto in the future. I'm with BTCD for long time. Sold my all other crypto and bought BTCD with that. Not even keeping any BTC in my wallet. By the time I go back from my holiday there will be some more BTC in my ghash account and will definitely buy BTCD with that.

And, I'd like to host a node for BTCD. Thinking to rent a VPS for that in a month time. Will ask for more info how to do that once I'm ready.

I am the one that is so thankful for the community's support and belief in me.
I dont think I say this enough, Thank You!

To everybody that is always saying nice positive things, it is really helpful to know the support is there. This thread is like a nice sanctuary from the typical threads. You know what I mean and this shows the caliber of people that are following me here.

James

I have some new targets now

I am not so familiar with Android and unless it supports libuv, libwebsockets, nacl, etc. it wouldnt be able to teleport
the code review needs to be done by experienced crypto coders, but I think getting an android wallet would be quite cool, so after I am releasing the teleport beta it would be good time to see what the best tech roadmap is on the mobile side of things

James

Number 11 on coinmarketcap now. James' target was to make BTCD top 10. Not far away. HODLing and staking my 2K coins. I sold about 50 BTCD total during the PoW phase and will not do it anytime soon. I will not be surprised if the coin's price goes above $100 in next 1-2 months. Not a whale and don't have enough money to buy more. Been telling all my friends to invest in BTCD.

BTW James, I'm not a coder. I talked to some of my friends to make an Android wallet for BTCD. They have experience in making Android apps. They are bit busy with their current project and told me they can help with it on or after first week of September. They code in C as well but I don't think they are smarter than you to help you reviewing the libjl777 code.

Just a few quick question as noob:

- Will it be easier to use QT to make the wallet for Android and use the source code from Github?
- If they can create an wallet from the source code will we be able to stake with it on any Android device with internet connection?

Love the works you guys been doing.

Edit: My friends don't have any crypto experience (yet).

I think today we go on 10 place

 

DEV, awesome job!

the whale strategy worked on bittrex. 6000 BTCD sold during the "big drop" from .0125
but only ~1000 below .01
and guess where the price is?
right back to where it was before the jumping clown on the trampoline

.01

so all that bouncing around just to get 1000 cheaper BTCD. Hey, if this stuff doesnt work so well, maybe they will leave BTCD alone

just hoping for the nice calm +5% per day

I totally understand all this crazy action got in the way of coding I read the IRC pastebin and the way you and the drk dev discussed was beautiful. I am so glad that with btcd all the regular fudding and name calling seems to be absent. Just true hard work and awesome development, I think people are starting to realize this that btcd is different. I like your post about the BTCD vortex, where good things revolve around the BTCD core.

I am thankful for being part of this community, its a breath of fresh air. As I said before, it is very much like bitcoin in its early days, a pioneering spirit and positive atmosphere. You guys are doing a great job, the market cap finally seems to be starting to reflect BTCD's dilligence and idealism.

its just luck, I have been told it is impossible to do better than 50/50 random chance. They even have scientific studies. just ignore the clown on the trampoline



I didnt get much coding done today, but I hope everybody can understand. That whole IRC thing was unexpected and it took me totally out of coding mindset for today.

was it really less than 24 hours ago the price was trying to push through .007?
What changed?
The IRC chat had dozens of people who all seemed very positive toward the end
Also, I am making some good conversations on risto's thread and I have gone from being accused of using sockpuppets to promote BTCD to someone that maybe has some interesting ideas. At least they have all been quite civilized, I had no idea what to expect as I now find out it is quite the XMR camp.

Anyway, without whale games the natural price action is to retest the .01, but we did break past it before the whale games, except were the whales playing some pregames? So, not sure with this X factor. But .009 as support and .01 as ceiling is just fine for now.

At some point when we reach an equilibrium, then we should start painting a nice flag again. That was so cool.
So, when in doubt hodl. We are still below my calculation of theoretical value. I will let you know when I feel it is reaching an overvalued point, with the assuming that I will finish all the tech and that there will be at least some new coins joining the supernetwork.

If the latter gets us a large volume coin, then that would really boost the value as the more users in the supernetwork, the more value. I can only guess with random luck what the price will be on a day to day basis

James

Just waking up, having my morning coffee, still holding. It's amazing what I'm seeing here.

I have 3 BTC at the ready to buy at the next support level after the whales are done playing. James your trading advice is spot on.

Just hodl. Don't get distracted by day trading.