The value tends to drift down and down and down as people blindly dump it instead of setting a specific price they want to wait for before selling it.
That seems to be the main normal activity, people dumping it.
Then from time to time someone comes along who cannot be bothered to simply place a bunch of lowball buy offers and wait for all the dumpers to gradually sell to those cheap offers, instead they just buy however many million they want, driving the price over 300 or nearly to 300 or over 200 or, last time around, up to 193 Satoshis.
Then the constant endless blind dumping gradually sends it down again until next time around.
DeVCoin are not low price right now really, they are actually high price, since they used to be hovering around 30 Satoshis while bitcoins were worth only $100 or less. Right now the price is still way up above 30 Satoshis despite bitcoins being worth $800+
Until it gets down to 30 or less it is not low at all, it is maybe still on its way down unless we have stacked up a huge enough pile of buy orders this tiem around to keep it getting that low this time around.
Basically pick the price you want for your coins and place a sell order there. Usually it used to take less than several months before someone would buy them. Last time around there was months of low prices before finally someone came along and bought all sell offers way up through 193. But not, that time over 200 like had happened in the past, let alone up over 300 as also happened once upon a time. (Back when bitcoins were worth 1/10th or less what they are worth now... That 193 Satoshis was recent, bitcoins were worth a lot, so that 193 Satoshi recent price was way way higher real price than back when they once went over 300 Satoshis...)
Basically dumpers dump all the time, it is going on constantly, but big buys seem to be seasonal or cyclical or something, they happen then they go away sometimes for months.
Once Devtome has to buy DeVCoins to pay authors with, the authors dumping will maybe in effect be dumping them cheap to their employer, Devtome, who will be buying them with advertising revenues...
The main reason the price takes so long to go back down after a spike is probably mostly the fact that almost all the bitcoins the high price buyers pay me for DeVCoins I pile back up on the buy side to slow down the rate at which the price falls back down. But I only have as many bitcoins as the high-rollers paid so eventually my pile of buy offers gets eroded.
-MarkM-
thanks, you jogged my memory.... it's been 10 years since i did any stock trading..... i forgot about sell orders... Moderator question... in my article on Devtome, is there any way i can give MarkM a percentage of anything i get for the article because he jogged my memory, or would it be better to have a "gentleman's agreement" that i pay him something for his help?
