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Topic: [DVC]DevCoin - Official Thread - Moderated - page 151. (Read 1059181 times)

sr. member
Activity: 370
Merit: 251
MarkM,

I must admit i need to gather the pieces of my scattered brain off the floor when you describe how devcoin is being utilized on online gaming. It blows my mind. I also admit i dont completely understand what you are saying, and thus i dont actually subscribe to something i dont understand. But nonetheless, its a tantalyzing possibility.

I think if your hypothesis is in any way on the mark (hehe), it means big things for devcoiners...just not necessarily in the way they expected it might.

Just how devcoinauctions.com is proving that real businesses can be completely built around devcoin, it could also be that virtual businesses in a virtual world could also peg themselves to devcoin. Perhaps devcoin will be the currency of choice for virtual game developers who wish to support a currency that values open source creation. Nobody really saw that coming...but it could be a big source of interest.

legendary
Activity: 2940
Merit: 1090
Remember way back when CDN, GMC, GRF, MBC, NKL, UKB, UNS and such were skyrocketing so much that there were concerns that debts denominated in such units might never be able to be paid off, so that there was a big move to denominating debts in DeVCoins (DVC) instead because DVC seemed much less prone to endless skyrocketing of price?

Take a look at http://galaxies.mygamesonline.org/plotdvc.html now... Those previously skyrocketing currencies have been dropping steadily, down below the lows recorded since those tables and plots started being accumulated. Maybe that large scale movement could have something to do with it?

-MarkM-
hero member
Activity: 556
Merit: 500
Cloakcoin, severly undervalued, NEW type of anonymity. PoSA! Exchange in wallet. Tor in Wallet! Crazy value,
https://bitcointalk.org/index.php?topic=637704.4420

no way, let me run and grab a few before too late.
hero member
Activity: 994
Merit: 1000


100 Bitcoins volume on Vircurex and over 40 BTC on Cryptsy.

This is getting heavy.

Yea I saw that.. I guess its not a glitch.. someone posted their stash at the low price and the whale bought it up.

Seems to have died down. Thought we were gonna see a massive pump. I suppose we still might, but I worry that it was just one whale who screwed himself here...

Whales screw themselves on maybe a few trades here and there, not for 2 days straight and on massive volume and orders.

Whoever it is they have a reason for buying up so much Devcoin.

Yeah...dvc is 3-4 times the btc volume of the other coins also traded yesterday, so there's something particular about it.

dvc could always be attractive due to its bargain basement price and potential for multiplying xxx fold. I don't see anything fundamental about this move, though, so I'd be cautious of a pump and dump. There hasn't been any particularly good news the last few days has there?
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net


100 Bitcoins volume on Vircurex and over 40 BTC on Cryptsy.

This is getting heavy.

Yea I saw that.. I guess its not a glitch.. someone posted their stash at the low price and the whale bought it up.

Seems to have died down. Thought we were gonna see a massive pump. I suppose we still might, but I worry that it was just one whale who screwed himself here...

Whales screw themselves on maybe a few trades here and there, not for 2 days straight and on massive volume and orders.

Whoever it is they have a reason for buying up so much Devcoin.
hero member
Activity: 994
Merit: 1000
Out of curiosity, does anyone still use the vircurex shotgun bot?

https://github.com/hunterbunter/vircurex-python-shotgunbot

Worth doing a git-pull if you do, I think I made some minor bug fixes the last couple of months, too. I was a bit disappointed vircurex went down in volume the last few months, but the bot has paid off well the last couple of days. Every day (if there's been some action) I just clear all my orders and put a new 1-150 satoshi trade, it works well in a volatile spiky market.

If you do use it for the first time, remember to run the bot in quiet times, when the price has stabilized, for best effect.
hero member
Activity: 624
Merit: 500


100 Bitcoins volume on Vircurex and over 40 BTC on Cryptsy.

This is getting heavy.

Yea I saw that.. I guess its not a glitch.. someone posted their stash at the low price and the whale bought it up.

Seems to have died down. Thought we were gonna see a massive pump. I suppose we still might, but I worry that it was just one whale who screwed himself here...
legendary
Activity: 2044
Merit: 1005


100 Bitcoins volume on Vircurex and over 40 BTC on Cryptsy.

This is getting heavy.

Yea I saw that.. I guess its not a glitch.. someone posted their stash at the low price and the whale bought it up.
hero member
Activity: 720
Merit: 500
Cryptsy's better than it was, orderbook's not as consistent as vircurex - 100btc gone through there today. Bid volume between the two is around level pre-vircurex problems.
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net


100 Bitcoins volume on Vircurex and over 40 BTC on Cryptsy.

This is getting heavy.
legendary
Activity: 2940
Merit: 1090
I think momentum got involved, people see it listed as one of the fastest rising coins on the sites that show market caps and such, so more people flood in.

How does the Vircurex buy price compare to the buy side on other exchanges now, we have the buy side filled up through 35 satoshis now on Vircurex.

-MarkM-
legendary
Activity: 2044
Merit: 1005
I'd go for number 2.
Maybe, but still quite a lot of dvc buying in big clips.


I see that too.

Somebody really loves them devcoins.  Paying big money for them.

Maybe devcoinauctions.com has caught the interest of some speculators
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
I'd go for number 2.
Maybe, but still quite a lot of dvc buying in big clips.


I see that too.

Somebody really loves them devcoins.  Paying big money for them.
hero member
Activity: 720
Merit: 500
I'd go for number 2.
Maybe, but still quite a lot of dvc buying in big clips.
hero member
Activity: 556
Merit: 500
this is what I posted in the vircurex thread:

ok, since withdrawals have been working smoothly and it wasn't a run away from new stuck btc, here are the cases to explain yesterday weird volumes and price action:

1) someone with lots of money wanted to diversify 250 btc into alts and chose (oddly enough) vircurex to do the trades. he paid up 2-3x (even 10x, there were 7 ltc traded at 0.2) the price of other exchanges. it might be just an ignorant person who doesn't understand markets, or price action, or arbitrage.

2) this makes way more sense if this person is an hacker who stole many btc, not very expert of exchanges and markets, willing to lose trace of the stolen btc: buying alts through an exchange is the best way to achieve this goal.

3) Kumala itself tried to stir up things on his dying exchange to revive attention and interest. well, if this were the case he would have done a better and more honest job in giving back the money to the frozen accounts. at the end of the day, I doubt this strategy will work and if the crazy buys stops here, volume will return to 1-2 btc per day as it was until 2 days ago.

I'd go for number 2.
hero member
Activity: 720
Merit: 500
They announced they were having btc liquidity problems and were going to implement the freeze method on xx date. The escape happened between the two.
Yep it was pre-announced and transient. If btc are still frozen then it's new interest. As mark says vircurex was always better for depth and volume - cryptsy and others have a different type of trading.
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
Everybody... again, please vote for devcoin to be added to mintpal.com ... https://www.mintpal.com/voting

If there are big buyers out there... why not make it easy for them to get their hands on devcoins?  Smiley

I feel there is a mr burns out there ... waiting to park a billion dollars into devcoin... just wait...  Shocked
legendary
Activity: 2044
Merit: 1005
I think its someone who just bought dvc and not others.. a few others have volume like ppc and nmc/ltc but not out of the ordinary volume.
hero member
Activity: 994
Merit: 1000
Huh? Bitcoin that is not frozen can be withdrawn can't it?

What is frozen cannot be traded nor withdrawn, but all withdraws work don't they for non-frozen coins?

Earlier today though many coins had the same volume, so it looked like someone decided to invest a certain amount in each coin, and in the process started some buying mania.

Yeah, I noticed this too...same conclusion.

I don't think you can trade with frozen btc...it would have crushed the exchange immediately if they had allowed it. People would be selling alt-coins for btc they couldn't withdraw, which doesn't seem to be the case.

I'm almost positive this is false. Remember the massive spikes in every altcoin as soon as BTC was frozen? This was so people could remove the alts.

Maybe they changed something since then but I don't remember ever seeing a change related to this.

They announced they were having btc liquidity problems and were going to implement the freeze method on xx date. The escape happened between the two.
legendary
Activity: 2940
Merit: 1090
Vircurex is probably the best exchange to sit your bitcoins on, so maybe someone is doing pumps on their selected coins and doing it on Vircurex so that they will make "interest" on their buy offers when they end up piling up buy offers on those coins eventually to keep their price floor up as well as they can following their pump?

I know this climb in DeVCoin is letting me start doing a lot of building up of the buy side of DeVCoin, which had been pathetic ever since the 35 bitcoins I had been supporting my chosen coins with got frozen.

Vircurex seems the best place to use for building massive price floor depth on the buy side because even though my lowball offers may never be taken I will in any case earn "interest" on the bitcoins while they sit there providing lots of buy depth.

I had been usually managing to uphold the price floor of DeVCoins near 30 satoshis back before the freeze, now that I am again starting to accumulate bitcoins on Vircurex hopefully it will not take long to get the price floor back there again then hopefully continue to build up from there.

-MarkM-
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