Topic: [DVC]DevCoin - Official Thread - Moderated - page 190. (Read 1058956 times)

For anyone that wants to know wolong's plans for DVC follow him in his twitter https://twitter.com/GameOfDeception

his pumps are not 1 minute pumps, he no just pumps the price, he also helps stabilize the coin at a higher price 

There's a difference between indicators reflecting price patterns and momentum (e.g. moving averages, rsi) and others constructing forward looking trades. In my experience patterns are important, as are psychology and herding which TA can reflect, but I think it's self-perpetuating. There are some markets where TA seems to work better, FX is one of them and particularly in short term charts. For example if trading interest rates then USD/JPY charts help, but I see that as price reflection with an obvious inter-relationship rather than anything else.

So I said voodoo partly just to be provocative and partly because I do think it's an eternal fruitless quest to wrap mass psychology in an indicator. But I still use it as a tool because sometimes it helps, I'd just never actually trade off it mechanically. I've written articles on TA so not slating the concept only how it can be applied as more than retrospective.

I'm also not a massive fan of qualitative analysis as it goes. Again it's a tool, because it doesn't really matter what I think, it's what everybody else thinks and does. I tend to look at relative value where possible, or momentum and sometimes just gut feeling. Risk management is probably the most important thing - more often than not flipping a coin and having the discipline to cut losses quickly and let gains go works, but mentally that's very hard to do.

Judging by the massive buy support on Cryptsy for the current price of 0.00000111 and upwards (100 BTC or so) I would say we are about to see a massive movement upwards.

Value is up roughly 75-80% on yesterday and the buy support is there to keep it moving.

*This is not advice to invest - just my opinion*

edit: we are already up to 0.00000117 and still going up strong with phenomenal buy support. This is definitely a breakout in DVC value right now. It looks exactly like what happened to DOGE a couple of weeks ago - except the DVC sell orders are thinner so I expect DVC to go up more than DOGE did. Again this is just my opinion.

I wouldn't be selling any DVC right now - the current activity is definitely something of a different scale right now signalling massive movements upwards.

edit 2: The massive buy walls just disappeared - not sure what's going on 

That all depends on the price . Shares have increased in the past after a couple months of $10/share.

Yea i think the 100k+ dvc share days are comin to a close.

Cool yup the info is correct! Thanks

Where did he announce this? Do you have a link / source?

As more and more people discover DVC, and as the number of Devcoins in the shares for developers decrease - over the long term the value of DVC / BTC will increase considerably, as individuals will have less to dump on the market at any one time.

DVC should take a quantum leap in value sometime soon - whether from a pump or from ever increasing interest in DVC, or both 

Well there is large volume atm, with spikes everywhere (on cryptsy), so it's doing something.

There's a massive volume of devcoins out there, though, in comparison, and it would take a tremendous amount of btc to get it to 10,000 satoshis from...50-100. I'm not saying it's impossible, but if you include all the profit taking, I don't see it happening in a few days, and if it does it'll just be a spike and crash imo.

If it's not built on fundamental awareness / value, it's just a flash in the pan with so many devcoins in circulation.

Ok, thanks for that, i will try it.

technical analysis can give you some basic idea if there are cyclic variations, and some idea what's " normal", but without qualitative analysis, yes, it's voodoo.... for instance, i have been sitting on 8 sell orders of 1000dvc each for about a month. while the normal trading range seemed to be dropping (the voodoo would have said to cancel my more ambitious orders, and cut my losses) i just let them sit... sure enough, DVC went up enough to execute 4 of my sell orders (with about 30% margin) and am within "spitting distance" of 3 of the other 4. you see, the qualitative part of the analysis had a press release a couple of days ago, plus a new influx of writers just before this round's deadline, plus the start of a new round... so i hung in there rather than cancelling orders that the "voodoo" would have indicated cancelling....

Im up 40 % on UNO, ill give DVC pump a shot. GO DevCoin!

I like Wolongs pumps their not those short 1 minutes gold rush types, its much more slow and steady. Still gotta be careful.

you made sure to install the same version of the client again?

Try to just keep the wallet.dat file and the conf file if it exists in the data directory... delete your database and blockchain files and reciever files... let it download from scratch again.. you will see your coins. Make sur eyou dont lose your wallet.dat file its the only one you care about.l

*Bump*

Anybody?

devcoin doesnt hav ea testnet so we couldnt run it live ona testnet, the only thing I did was do atest in abox setup which finds blocks on a new testnet running locally... it found those blocks using the mining proxy thats available from namecoin which calls the getauxblock rpc call in the code. It worked fine, but it wasnt merged mined because for that we need a devcoin node running the testnet that we can connect to

time for a sizable devcoin pump dontcha think ?

Wolong is starting to pump this coin now...

Heya, that's fine with me, I've updated the code to my github repo with the source - https://github.com/hunterbunter/dvccountdown

Bittzy - I'm glad you liked it - any other suggestions/additions you'd like to see for it?

has the new devcoin client added any of the hard or soft forking options that the new bitcoin activates? what has it done with regards to:

* version 2 blocks. i believe devcoin currently uses version 1 coinbases. when version 2 coinbases were first used in bitcoin the client had code that would reject version 1 blocks when a majority of version 2 blocks existed in the last X blocks. this was later removed once the supermajority was met and i believe the current bitcoin code now rejects version 1 blocks.

* is p2sh activated? p2sh transactions are unsafe if the majority of miners don't run p2sh enabled clients.

* there was a fork during the 0.8 version of the client due to the change to leveldb and differing locking behavior to bdb in the older client. this caused a chainfork when the old client rejected blocks that the new client created due to size constraints. a patch was created for old clients to enable them to have better locking constraints to accept the unusual blocks from the new client. this issue will exist in devcoin if miners run old and new clients. it will be possible for new client operators to force a chain split.

i'm sure there are other differences. were fee policies changed?

you need more than a single block. the new client needs to run side by side with the old client for a period of time and a number of blocks to ensure the chains don't diverge. there is a significant amount of testing needed by a pool operator here so they deserve a large bounty. not to mention the risk if the devcoin damon causes a bitcoin block to be lost. that's $25,000 that the pool operator would owe its miners.

has the new client been tested using 'bitcoin in a box' style testing? that is a closed network for testing merge mining and normal mining.

Blisterpool has made its second payment. No blocks or shares were found in the previous 24hrs, so only the 10k bonus dvc payment went out by hash split. If anyone has any miners they want to add, you can hop on the pool via http://blisterpool.com - same address with port 9332 for the miners, but register your dvc address for devcoin bonus payments.

The payments were:
5243.9 dvc to 1NV7mtzqW8g6r7kBm6r5FJKWpFN4z85Gu7
1252.0 dvc to me (didn't create a transaction)
3434.96 dvc to 1MxG6jwyxG1pTrWu5Hr12zyAjSYD1Y28XP
85.57 to 13TRk2LRQuPH926Dq4u1uL63gUvfX5wRN3 - although this won't be paid out until it reaches the 100 min dvc threshold, so this remains in balance.

I'll just round off the figures for future payments (sorry about the change! will keep it in the balance in the future, and make it whole dvc only)