hey devtome writers:
ever heard of placing a sell wall? some of you are obviously just dumping everything immediately as soon as your blocks mature. it's like you enjoy throwing away money and hurting the rest of us. thanks!
Look at all the other alt coin, the Bitcoin effect is killing them all.
No buy wall is gonna stop what Bitcoin is doing - there needs to be some other mode of action.
It's relative to volume, so as btc gets precious volume dies down on alts... but if we have volume on the exchange mcx or vircurex this will draw in enough buyers to sustain price. Right now there is not enough volume in terms of btc on these exchanges to warrant these prices. As people come in and buy/sell to create volume hopefully more buyers come in on a daily basis to drive demand.
Here is some quick math for you: 7.2 million dvc a day is created. How many BTC does it take to sustain 7.2 million DVC a day so that price ISN'T falling at say DVC 30 satoishi?.
7.2 million / 30 satoishi = 2.16 BTC a day to sustain 0.0000003..
If you look at vircurex + mcx volume we are above 2 btc a day on average so we are at fair market value here. If you let 7.2 million = A 30 satoishi = B and 2.16 = C, by increasing C you in extension will increase B since A is static.
Writers selling off right away are just selling into oversold territory because they either don't know or don't care about price. They are creating volume which is good because there has to be a buyer to every seller and if you BELIEVE that C is going to rise over time then you also BELIEVE that price will rise regardless of what writers are doing to dump the price.
As bitcoin rises it will be harder for C to rise because C becomes more scarce, however at rock bottom volume's I think it may be safe to say that C can't get much lower especially since mcx volume is tending to rise over time on an exponential curve currently.
Writer's can sell undervalued but that is your gain to know this information which you can use to sell at higher prices once volume picks up.
. Please add it to the official list as well. They offer multiple different game types and the site works well. There's also a faucet as part of the site.
