DEVCOIN why you are doing this to us? :(

markm

legendary

Activity: 2940

Merit: 1090

Well it has been a while now, hasn't it?

I suspect that paying writers to write stuff that wasn't actually relevant to increasing the value of the supported projects nor even helpful docs helping people use or work on or appreciate the supported projects, might have been at least as bad an impact, and possibly even a worse impact, than the merged mining miners who purportedly were not actually interested in DeVCoin and the multiverse of projects around it.

By now it has actually been quite some time since Devtome stopped paying for articles, but unfortunately the DeVCoin Foundation decided to stop allocating DeVCoins to projects too, so has not been doing much if any building of assets within the Galactic Milieu either.

Fortunately the DeVCorp crowd, with their Devos gang, has continued being active; just today I noticed that DeVCoin is actually doing better than some of the other "big seven" Galactic currencies.

-MarkM-

SifuPhil

newbie

Activity: 21

Merit: 0

Quote from: markm on March 12, 2014, 04:19:27 AM

The low prices mean that artists who got coins during times of higher prices could well have sold some thus being ready to buy back cheaper now that prices are lower.

Plus of course those who do not write when the coins people wrote for two months ago are at low prices will not have coins coming in in two months when prices might already be much higher.

Maybe it is a selection mechanism that will help select artists who are intelligent and have the discipline to manage their business/finances, to defer gratification and so on.

Those who sold some on the way up to 193 satoshis per coin a while ago should be happily buying on the way down right now ready to catch the next uptick... Or writing like crazy if they figure the next uptick will not happen until after they get paid for what they write today...

However it seems possible that we might be gradually lowering the volatility over time. As more and more orders pile up from the top down on the sell side and from the bottom up on the buy side we might already be squeezing the volatile range.

-MarkM-

Excellent points - thank you! I've never seen it explained quite this way before and it makes it abundantly clear.

roslinpl

legendary

Activity: 2212

Merit: 1199

Yesss

Price is going up Tongue

wall looks much better

Evry hour price is going up for now. And according to it's history - I think it is possible that we will see +20% tomorrow.
What do you think?

murraypaul

sr. member

Activity: 476

Merit: 250

Quote from: roslinpl on March 11, 2014, 06:01:52 PM

Quote from: FruitRollUp on March 11, 2014, 05:43:08 PM

Honestly, who cares about Devcoin? Unless, you're cloud mining with cex.io, I don't even understand why anyone would even want to mine this coin.
Good luck though, If you can ever make a profit.

As you can see from it's hash rate and rising diff this coin is very alive and people want it to be alive...

Hash rate is rising due to merge mining with Bitcoin.
People doing the merged mining have no interest in Devcoin, so dump it as soon as they can, so the price goes down.

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: markm on March 12, 2014, 04:19:27 AM

The low prices mean that artists who got coins during times of higher prices could well have sold some thus being ready to buy back cheaper now that prices are lower.

Plus of course those who do not write when the coins people wrote for two months ago are at low prices will not have coins coming in in two months when prices might already be much higher.

Maybe it is a selection mechanism that will help select artists who are intelligent and have the discipline to manage their business/finances, to defer gratification and so on.

Those who sold some on the way up to 193 satoshis per coin a while ago should be happily buying on the way down right now ready to catch the next uptick... Or writing like crazy if they figure the next uptick will not happen until after they get paid for what they write today...

However it seems possible that we might be gradually lowering the volatility over time. As more and more orders pile up from the top down on the sell side and from the bottom up on the buy side we might already be squeezing the volatile range.

-MarkM-

Perhaps upticks are comming back to dvc

See vircurex wall

It looks much much better then yesterday

Dumpers seems to be not so happy right now

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: FruitRollUp on March 11, 2014, 07:41:58 PM

Quote from: rikkejohn on March 11, 2014, 07:32:52 PM

Quote from: FruitRollUp on March 11, 2014, 05:43:08 PM

Honestly, who cares about Devcoin? Unless, you're cloud mining with cex.io, I don't even understand why anyone would even want to mine this coin.
Good luck though, If you can ever make a profit.

Devcoin has been quite easy to make profits from, check the charts.

Buy low, sell high

I have a problem with patience, and I hate sitting on any Alts because of the fact they can crash so easily and recovery time is much more than I can stand.

Hehe yes

recovery time sometimes takes too long Tongue

I have problems with patience too

but seems like DVC price is going up from morning Wink

markm

legendary

Activity: 2940

Merit: 1090

The low prices mean that artists who got coins during times of higher prices could well have sold some thus being ready to buy back cheaper now that prices are lower.

Plus of course those who do not write when the coins people wrote for two months ago are at low prices will not have coins coming in in two months when prices might already be much higher.

Maybe it is a selection mechanism that will help select artists who are intelligent and have the discipline to manage their business/finances, to defer gratification and so on.

Those who sold some on the way up to 193 satoshis per coin a while ago should be happily buying on the way down right now ready to catch the next uptick... Or writing like crazy if they figure the next uptick will not happen until after they get paid for what they write today...

However it seems possible that we might be gradually lowering the volatility over time. As more and more orders pile up from the top down on the sell side and from the bottom up on the buy side we might already be squeezing the volatile range.

-MarkM-

SifuPhil

newbie

Activity: 21

Merit: 0

Quote from: Whoisthelorax on March 12, 2014, 01:05:55 AM

.. Devcoin the first (and only? if not only, the top one) to design a coin not motivated chiefly by investment/spending value. It has a very different value system that all of the coins, bitcoin included, which is this emphasis on valuing open source creations. Creative action for the benefit of everyone measures much better IRL than by any metric like fiat currency. This coin will be useful even no matter its USD value.

Once the overall bear market reverses, Devcoin's unique flavor makes it stick even more as we we have 150+ coins nowadays.

The coin may stick for the financial types, but having watched the value dip slowly downward this past month while writing my fingers off I can tell you with some assurance that a lot of the "artists" will disappear if this keeps up ...

Creative action requires a patron - when that patron turns out their pockets the artist flees. I know Devtome has been through this cycling before, fewer artists equaling more shares for the remaining ones - it just seems an odd way to run a ship.

But I guess that's high finance for ya'. Roll Eyes

markm

legendary

Activity: 2940

Merit: 1090

Without merged mining blockchains are insanely expensive to secure.

Look at all the scrypt coins that cannot be merged mined, the highest hashing power of the lot was litecoin yet almost overnight a stupid meme drummed up more hashing power than litecoin had, showing that even the most secure of the lot was actually not secure at all really, just some stupid meme could have blown it away. Luckily it happened to be a "lets be yet another crapcoin!" meme instead of a "lets PWN the crapcoin blockchains!" meme but it showed how pathetic even the "most secure" scrypt coin was.

Now there are two scrypt coins about that pathetic (litecoin and DOGE), and all the rest are just so insanely pathetic that encouraging anyone to buy any of them should be criminal negligence or maybe outright fraud for pretending they aren't just honeypots waiting for enough suckers to put money in to make it worth attacking.

-MarkM-

Whoisthelorax

sr. member

Activity: 370

Merit: 251

Quote from: cryptohunter on March 11, 2014, 09:36:20 PM

lol take a look at 80% of alts.... dev coin is holding up well.

Think i will invest after seeing how resilient it is.

Indeed! at least 90% if coins are in a serious bear market. Bitcoin is even down just under 50% since it pre China confusion of December.

Especially considering the ballooning size of copy cat coins... Devcoin the first (and only? if not only, the top one) to design a coin not motivated chiefly by investment/spending value. It has a very different value system that all of the coins, bitcoin included, which is this emphasis on valuing open source creations. Creative action for the benefit of everyone measures much better IRL than by any metric like fiat currency. This coin will be useful even no matter its USD value.

Once the overall bear market reverses, Devcoin's unique flavor makes it stick even more as we we have 150+ coins nowadays.

anderl

hero member

Activity: 714

Merit: 500

Merge mining destroyed all the SHA256 coins. I talk to so many farm minersof BTC that merge mine all these coins that they end up not knowing what to do with them. They just dump them as soon as they get them because the prices keep going down.

Merge Mining is the worst implementation for coin networks. I can't believe they didn't forsee this happening. That is what happens when you get a computer science degree but don't double major in finance.

markm

legendary

Activity: 2940

Merit: 1090

DeVCoin is still way up above 30 satoshis, sure it is dipping deeper into my buy orders (which I have at every satoshi of price from 1 on up to the active trading range) than it did on the last couple of dips, which is great, but it has gone down as low as 27 satoshis not so very long ago and that was great.

Dumpers must be trying harder this time around though as last couple of dips they only managed to push it down to 50 and 55 or somesuch.

The deeper they manage to push it though the more coins we buyers get to buy and the cheaper we get to buy them, so that when the uptick comes and we get to sell them all for two or three or more times as much as we bought them for we will have that many times as much bitcoin to sit back down on the buy side to make it that much harder for dumpers to drive it down on the next downtick...

-MarkM-

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

lol take a look at 80% of alts.... dev coin is holding up well.

Think i will invest after seeing how resilient it is.

rockstar888

member

Activity: 70

Merit: 10

you think this is bad?

look at DGC. nightmarish dive into limbo

Warning__3

full member

Activity: 154

Merit: 100

Soo, i guess now is a good time to get into DEV? Cheesy

FruitRollUp

newbie

Activity: 27

Merit: 0

Quote from: rikkejohn on March 11, 2014, 07:48:25 PM

Quote from: FruitRollUp on March 11, 2014, 07:41:58 PM

Quote from: rikkejohn on March 11, 2014, 07:32:52 PM

Quote from: FruitRollUp on March 11, 2014, 05:43:08 PM

Honestly, who cares about Devcoin? Unless, you're cloud mining with cex.io, I don't even understand why anyone would even want to mine this coin.
Good luck though, If you can ever make a profit.

Devcoin has been quite easy to make profits from, check the charts.

Buy low, sell high

I have a problem with patience, and I hate sitting on any Alts because of the fact they can crash so easily and recovery time is much more than I can stand.

I have a problem with patience, too. I'm trying to overcome it because it nearly always ends up costing me profit.

I feel your pain. I have lost a ton of money because of my impatience.
And it's funny, because usually when I do sell, it seems like in an instant the price starts rising dramatically.

rikkejohn

hero member

Activity: 644

Merit: 500

Quote from: FruitRollUp on March 11, 2014, 07:41:58 PM

Quote from: rikkejohn on March 11, 2014, 07:32:52 PM

Quote from: FruitRollUp on March 11, 2014, 05:43:08 PM

Honestly, who cares about Devcoin? Unless, you're cloud mining with cex.io, I don't even understand why anyone would even want to mine this coin.
Good luck though, If you can ever make a profit.

Devcoin has been quite easy to make profits from, check the charts.

Buy low, sell high

I have a problem with patience, and I hate sitting on any Alts because of the fact they can crash so easily and recovery time is much more than I can stand.

I have a problem with patience, too. I'm trying to overcome it because it nearly always ends up costing me profit.

FruitRollUp

newbie

Activity: 27

Merit: 0

Quote from: rikkejohn on March 11, 2014, 07:32:52 PM

Quote from: FruitRollUp on March 11, 2014, 05:43:08 PM

Honestly, who cares about Devcoin? Unless, you're cloud mining with cex.io, I don't even understand why anyone would even want to mine this coin.
Good luck though, If you can ever make a profit.

Devcoin has been quite easy to make profits from, check the charts.

Buy low, sell high

I have a problem with patience, and I hate sitting on any Alts because of the fact they can crash so easily and recovery time is much more than I can stand.

rikkejohn

hero member

Activity: 644

Merit: 500

Quote from: FruitRollUp on March 11, 2014, 05:43:08 PM

Honestly, who cares about Devcoin? Unless, you're cloud mining with cex.io, I don't even understand why anyone would even want to mine this coin.
Good luck though, If you can ever make a profit.

Devcoin has been quite easy to make profits from, check the charts.

Buy low, sell high

galbros

legendary

Activity: 1022

Merit: 1000

I've been watching this coin for awhile and it has not gone much of anywhere. Given that so much of it goes to the foundation, you would think they would be able to build more infrastructure for it.

Topic: DEVCOIN why you are doing this to us? :( (Read 1740 times)