I've noticed a pattern with the price which i've been monitoring for a few days. I will post more details later when I can hopefully conclude the additional info.
some silly bot floods the orderbook with 1 BTCD sells so people cant see what is really on the books.
since bittrex sums the first 50 orderbook entries, this artificially lowers the amount that is used in their red/green graphic
In other words, it seems someone is trying to make things look better than they are
Please stop this. BTCD does not need pumping. BTCD does not need crazy bots doing orderbook tricks
If people want to sell now, let them sell. Yes price has gone up a lot, but remember it used to have a total market cap of 100 BTC, so really it couldnt help but go up. I told everyone that $1 million market cap was pretty much certain. I was right.
Some people say a coin is worth $1 million per developer. So on that basis, we are currently undervalued. I would like to think that I count for one developer and then there are the other BTCD devs.
Anyway, the way to increase BTCD value is to create new features, like anon card and of course all the tech. Until we get some actual new functions, I think BTCD price should stay around the .002 level. Going up in value too fast is not sustainable. Also, I need a bit more than 72 hours to get stuff done!
Now similar to my prediction that BTCD will be worth $1 million (when it was worth $100,000) I predict that BTCD will become a top 10 coin on coinmarketcap. However, this wont happen until most people are believing in the promised features being delivered. BTCD is kind of in the position NXT was last November. It was actually running, but not really any features until aliases came out. But there were a lot of promised features. As each feature came out, the price went up in a big step, but actually the price can go up when a feature is believed to be just a matter of time, eg. if its on testnet and looking good. So, I am not promising anything crazy like 1000x gain that NXT got the early investors. I cant even promise another 10x as I do make mistakes in my predictions on occasion.
However, getting to $10 million marketcap is not really such a crazy prediction considering all the tech that I will deliver. That is one thing I can promise, I will deliver the tech. It will have some bugs at first, but that is why we test! I am good at coding and fixing bugs, so as long as there will be testers to test the software that I WILL deliver, then BTCD will get the promised features and achieve the ~$10 million marketcap.
This process will take MONTHS. Not weeks, not days, and certainly not hours. If you have a time horizon less than months, then BTCD is not for you, please sell now and go buy something else. for those willing to HODL for some months, here is a tentative roadmap (subject to constant change):
0. BTCD supported by MGW
1. InstantDEX so we can trade via decentralized encrypted network
2. With InstantDEX and enough orderbook depth: BTCD -> BTC bridge, this is relatively easy to do and I believe gives a lot of value as BTCD is effectively accepted by all merchants that accept BTC.
3. BTC -> visa/mastercard and if we can fund it, the anoncard
4. Privatebet (though timing of this really depends on GUI guys, they have started work already)
?. Not sure of timing, but of course "privateSend" of BTCD
All of the above is built on the privacyServers, which can be some, most or all of the BTCD nodes, though you need to run a 64bit OS to run privacyServer.
James
P.S. I do feel that BTCD is getting some attention from competitors and maybe they are doing some volatility games to scare people away. If you start feeling some fears, just read my roadmap list, maybe that will help. HODL!