Topic: Devcoin - page 4. (Read 412952 times)

your DEVCOIN scam being reported to youtube and faceb00k shareholders!!!!

I completely agree. As one of the writers, I am against the dumping mentality. It's only going to hurt things. If everyone is dumping, that's a sign that nobody wants the currency. If nobody wants it, there's no value. If there's no value... it's worthless.

We have to get demand up while decreasing the supply (less selling!).

I'll be working on that through Youtube and facebook soon.

NOONE IS TOUCHING THIS!!!!!>> WHO WANTS A VIRUS ON THEIR COMPUTER? scrrrr

It's funny that it is just limited number of people who are writing that actually are doing the dumping, yet those are the same ones who believe in the project enough to write.. they certainly love that price is above 0 so they can recieve something for their writing however we need to show them that there is a reason to HOLD instead of dumping and they will get far more $$ in the future than what you would get today. In that way DVC is more of an investment tool aswell as a means to get paid for work. When this happens you shoudl see price will only go up, as there are more and more people willing to chip in minor amounts to buy... it adds up over time.

The miners who do shared mining and dump as soon as they get any DVC are another story, I'm not sure how to give them incentive to hold the dvc, but I suspect that unless your using an ASIC right now you won't be moving the market much with your mined DVC so they are really a small part of the problem.

www.coinchoose.com about to DELIST DVC - only you can stop it!!!*pounding table!*

Now is actually prime time to buy, since people are getting paid the price is just dropping and dropping.

what i mean is you create the cycles with p&d

Come on, you can troll better than that!

you are the cycle!

Hmmm interesting, I started watching daily when it hit 600 and got sold, that was probably you dumping lol, it hit like 100 the next day, i bought about 20 million there. Right now the market is horribly pushed to one side which should represent opportunity to a bigger buyer as the orderbook is skewed. As the sell order's pile up and price drops there is more incentive fora  bigger buyer because they can accumulate with a cheaper average price, we all know if they stick in a 100 btc order in the book that it will never hit as bots will front run it all day. The only thing that will drive price higher is to pay at or above market, limit order's only add volume to selloff/buying sprees but will not change the market outlook in most cases.

I see you layer your offers and bids, so that when a cycle retracts you will profit, that is a traditional grid based strategy that may work if you "predict" the next market cycle, but looking at the chart our cycles are being pushed higher and higher which is telling me that is the direction of the market regardless of cycles, so at any point in time you may have price take off in the general direction without a retrace ie: btc above $5 and going to $7 instead of $2 like ppl were hoping. In that case you would lose your profit potential and your risk:reward calculation becomes irrelevant because psychologically you would not buy into a top or so it would seem to be a top.

If the cycle keeps working, hey great, but you may gain some btc here and there, nothing compared to if you get the general direction right at the time when you predict that the cycle is repeating but it doesn't, that is where the biggest/only relevant gains are to be had.

That is the common mistake in calculating expectancy from a trading result in that it does not factor in trading costs, position sizing, and most importantly and relevant here historical vs future results.

DVC = ROOTKIT ! VIRUS!!!!

Thanks for this info and insight.  It is very helpful to someone who is new to Devcoin.  I've been watching the exchange for a couple weeks now trying to detect patterns such as this one but obviously not enough time has gone by for me to see much beyond the current downward trend in Devcoins.  Nice to know that the value really does go up again and is cyclical.  When you know what to expect it's not so scary 

i like your posts i'm going to use them in my new book!~i'll give you credit!! ;-)weeee

Here's the section I added to my article:  I added a section to my above article dealing with capping the number of shares per writer per month.  

Here it is:  http://www.devtome.com/doku.php?id=on_writing_and_market_forces&#capping_the_number_of_shares_per_round

I like what LuckyBit wrote about badges and medals--it has a lot of merit and should be considered in light of the larger vision of Devcoin and Devtome.  LuckyBit, do you write for Devtome?  If so, maybe you could put the above in an article and I can add a link to it in my article.  If you get an article on the Devtome, please PM me and I'll link to it.

Why are you here wasting everyone's time with your bullshit nonsense? Go fuck a porcupine or something, troll.

My impression of DeVCoin prices was that they seemed to go in cycles.

Dumpers dump the prices down below 100,  sometimes far below 100, allowing buyers to buy up lots and lots dirt cheap.

The dumpers seemed to eventually run out of steam, and buyers would start to arrive, maybe having heard they can buy them cheap.

it is possible that it is not sheer impatience that keeps both buyers and sellers from placing an offer and waiting days or even weeks for it to be taken, it might partly be all the scare stories saying never leave money on an exchange. Whatever the reason, the big buyers and dumpers seem to just place their order almost blindly, just hey sell so many I don't care about the price I am a dumper and I need out of here in five minutes anyway so am not about to quibble about the price, or hey I heard cryptocoins might be going up so just give me however many i can buy for this amount of money.

The price goes up over 200, sometimes even over 300. VladVlad even seemed to have claimed to have bought for over 400, but maybe he wasn't talking about satoshis, maybe he was talking DVC/USD not DVC/BTC.

So the people who bought coins dirt cheap get to sell a bunch of them for double or more than double what they paid for them.

The price is high, word gets around, dumpers start checking whether they happen to have more coins to dump, maybe from merged mining or from shares.

The price gets dumped down to 100 or so or less, maybe significantly less, and the investors stock up on dirt cheap coins again.

There was one single day a month or more ago when I sold 100 million devcoins, bought them all back later the same day, took 100 bitcoins home and still had both devcoins and bitcoins on the exchange continuing to do market-making.

Right now they are dirt cheap again so much so that I am low on bitcoins to buy them with, but that is okay because every possible price from one satoshi all the way up to whatever price the dumpers have dumped it down to has offers of mine sitting there waiting for them.

I would like to pile more bitcoin there though so I can have many more offering to buy at one satoshi than at two, which in turn has more waiting to buy than I have sitting at three and so on.

I don't bother to drive the price up much by constantly offering more than whoever momentarily offers more than me because on the sell side I am selling only ten or so satoshis higher then the current high buy, so the farther I lag below the high buy the more spread I have between my own highest buy offer and my own lowest sell offer.

i have sell offers too at every possible price from whatever my lowest price in satoshis is all the way up some distance abot 300 satoshis. i'd like to stockpile more devcoins up in those higher numbers but can't as much as I'd like because i have to keep making actual sales in order to replenish my bitcoins to buy with.

But it has regularly happened that I look one day and find someone bought the price back up over 200, whereupon my having offers all the way up pays off nicely.

Really the market is still horribly thin. If you want to buy a hundred million devcoins you'll find the price is pretty high. If you want to sell 100 million other than the way i did (waiting for someone to pay top dollar for them) you'd clean out all my buy offers because i don't have them bunched up down at 5, 4, 3, 2 and 1 satoshi yet to pick me up thirty to fifty million or more at a satoshi each...

Is there some actual reason for all this FUDdy expectiona/alarmism that seems to think these regular cycles are not still happing, with right now being just another of the regular recurring buying opportunities inbetween the regularly recurring chances to sell for 200+ satoshis per devcoin?

-MarkM-

= more buggy spyware?

dump isnt over = DVC => no bid *virus spyware keystr0ke logger!

It is somewhere in this thread, but not sure how to easily find it, so a recap.

They did add trading in DVC,  they limited the number of decimal places prices could be set to.  This did not work with DVC as the price would have had to have been far above the the price on vircurex at the time. This did not work too well of course.  Rather then fix this, they then removed DVC as an option due to it having no trading volume.

I suggest  doing what http://dvcticker.appspot.com/ does  and using vircurex for dvc prices.