Topic: BTCD is no more - page 464. (Read 1328490 times)

At the moment I'm seeing 6 out of 10 asks below 50 BTCD. Perhaps people trade in those small amounts. Don't know.
But gaining 20-25% in one hour and than loosing it again in one hour? This is probably why I don't trade often with new coins... 

I mainly buy and hodl and buy some more.

Wow, what was up with that?!  
Someone either made a mistaken, wanted to get rid of coins NOW or trying to push things down a bit (which didn't work).

Unfortunately I had my buys around 83000... Could have gone lower. Oh well, at least I didn't loose anything.

Not sure what you are seeing, here is the top of bittrex:


SUM (BTC)   TOTAL (BTC)   SIZE (BTCD)   BID (BTC)
0.3028   0.3028   
400.00000000
0.00075700
0.4916   0.1888   
250.00000000
0.00075502
0.5108   0.0192   
25.60848229
0.00075155
0.8748   0.3640   
485.36087952
0.00075005
1.6248   0.7500   
1000.00000000
0.00075000
1.7248   0.1000   
136.05257071
0.00073501
1.9086   0.1837   
250.00000000
0.00073500
1.9107   0.0021   
2.87251898
0.00073001
2.6407   0.7300   
1000.00000000
0.00073000
2.8214   0.1807   
250.00000000
0.00072300

yikes, formatting is horrible, but all I see are 3 and 4 digit volumes

James

I'm not talking about the total volume, I'm talking about the single trades. It's mostly single or low double digits BTCD per trade. On average very small trades.
Perhaps it's normal and I'm seeing things that aren't there...

beautiful

sold at 92-95k

bought back at 73-77k

150 BTC per day is close to NXT trading volumes, so not sure what you mean...

It might seem artificial to you, but thats all there is of BTCD and at 5% per year on <1.2 million coins its not like it grows on trees.
The other promising coins like XMR are being mined like crazy and that creates daily tens of thousands of coins that need to be sold to pay the mining fees.

Take away the selling pressure and any small continual demand will create a stable floor. Any news stories like salsa is getting keeps pushing things up. I am disappointed people are not donating more to him. Please fund salsa to get more PR, unless you dont like the higher prices and liquidity.

James

http://btcd.xpool.ca has been buying 300-400 a day and I expect that to continue to grow.

Cheers!

Perhaps I've grown accustomed to trading in larger numbers, but don't these tiny numbers (in BTC and BTCD) seem a little artificial?
I'm absolutely not trying to talk things down, because we all know where this coin is heading (and it ain't down) 

james: sorry https://twitter.com/search?f=realtime&q=bitcoindark%20pow%20pos&src=typd (for pump)   I wanted exclusivity, not a pumpidity

I would like to thank to the 3 donators, of 260 BTCD sent coins. It is 0.02% of the currency. If stakeholders won't start donating like 1% of their stakes to the dev/marketing stunts, I see serious flaws with funding this whole project

I didnt realize volumes at cryptsy was so high!
Also, we broke .001 price briefly there:

DRK/BTC    DarkCoin            68.6 BTC   0.01078000   0.01147000 BTC   0.01076488 BTC
BTCD/BTC    BitcoinDark    59.1 BTC   0.00095000   0.00105000 BTC   0.00036200 BTC

Almost same volumes as DRK!
And cryptsy is one of the top DRK volume places

I guess I should stop goofing off and get to work

James

Missed out on the low prices huh?
Or maybe you were the one that dumped into my buy order

Good luck in trying to talk the price down. Your reason it will go down is because "rise in price is no normal growth". Super strong analytical skills, not!

Sure that makes sense, if there were 100,000 new BTCD mined everyday, but lets see the actual number is a bit smaller, something like 200 per day? Probably less, maybe someone can figure that out?

So we have basically no new supply. Less than 1.2 million, not sure we will even get past that by year end.
We have multipools that are buying and I would say they buy a bit more than 200 BTCD
So if you are familiar with supply/demand economics, this creates an upward pressure to the prices.

Of course, if long term there is no future to the coin, then eventually everyone will sell to get onto a better coin.

You say "doomed"
I say early days, just getting started, still tiny marketcap, oh, and there does seem to be a bright future for BitcoinDark!

James

How to maximize your staking income

The staking is a bit tricky. After you wait for the coins to start staking, you will notice that when you do get a "mining" tx coming in, then your power is reduced temporarily. I havent dug into all the details, but the following is a practical way to minimize the downtime.

You need to make N addresses, make sure to backup the wallet after you do this as this generates new private keys, so an old backup wont have them all.

Make sure you enable the "display coin control" option in preferences

Now comes the tricky part. Most of you probably have all your precious in a single address. This means that whenever you get a new block, you have to wait. So, we need to spread the balance evenly to the N addresses. To do this, you need to control the inputs, so do a send to your first new address and to do this you need to click the inputs button on the send dialog.

Select your big account as the input. Now when you send you will have to wait a block or two until your big address gets the change.

Keep doing this until all your addresses have approx the same number of coins.

You will have to wait a while before they kick into gear, but when they do, what happens is that only a fraction of your power goes offline when you get a block!

So if you split into 10 addresses, you lose 10% power for a bit. Not sure the full recovery time, but it seems to take a few hours, so the optimum number of addresses is based on how long on average you will get a block. Of course, if you have the time and patience to do this, you could just split it up into 100 accts and then only 1% goes into recovery phase at a time, but that is only worth it if you are a BTCD whale

James

Yeah i wish I had enough to eat that wall lol before it went down 1k sat.. Yes I want to hold for the long term DEV.. This coin rocks.. I am trying to trade to get more lol

Don't worry, at some point those same whales will get burned when new developments take place and their low buy orders don't get filled.  It's called missing the train and I'm sure it's gonna happen to some traders that get a little bit greedy.

@IceColdTommy and Cloudboy, yeah I think there is room for you guys to work together on the wallet, since it will be integrated into the website as well.

Let's keep the development discussion going!

No group needed for this, look at those tiny buy and sells.
If you've got a few BTC to play with than Bob's your uncle 

It's a shame really how one whale or pump and dump group can manipulate the prices lol very annoying..

This rise in price is no normal growth, it's doomed to be dumped again.

@cloudboy I saw you will make merketplace, I think we should join forces and place everything on one big portal, same goes for everyone that can contribute to join together I can also set the basics for online wallet, I have most of the functions already written

i just put in a bunch of bids around 60-75k

we will seee

yeah it's going down coz one idiot put 4 btc sell order lol..I really believe some of trading done is retarded.