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.
Topic: [DVC]DevCoin - Official Thread - Moderated - page 151. (Read 1058949 times)
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...
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.
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.
100 Bitcoins volume on Vircurex and over 40 BTC on Cryptsy.
This is getting heavy.
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-
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-
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
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.
I'd go for number 2.
Maybe, but still quite a lot of dvc buying in big clips.
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.
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.
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. 
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?
I feel there is a mr burns out there ... waiting to park a billion dollars into devcoin... just wait...
If there are big buyers out there... why not make it easy for them to get their hands on devcoins?
I feel there is a mr burns out there ... waiting to park a billion dollars into devcoin... just wait...
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.
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.
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.
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-
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-
exactly you CAN'T trade frozen coin. it's fresh new btc that are being traded to buy alts.
So someone decided to deposit a lot of fresh BTC in Vircurex [out of all places] and then proceed to overpay [way overpay] for a bunch of coins he could have gotten much cheaper on other exchanges?
Are we dealing with a world class idiot here or what am I missing?
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.
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.
exactly you CAN'T trade frozen coin. it's fresh new btc that are being traded to buy alts.
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.
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.
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.
-MarkM-
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.
-MarkM-
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