Topic: Ixcoin TODO - page 194. (Read 631753 times)

so IXC is now completely dead... vlad2vlad did u cash out before the crash or are u still waiting for something thatll never happen?

Excellent. Moving to the latest 0.8+ would benefit this one too.

Well, it pretty much is a permanent cap on IXC.  Nobody is his right mind will send 35 BTC to Vircurex.   In fact, no sane person should even keep 500,000 IXC in Vircurex.   So, IMHO, it is Vircurex who is selling.

Yeah, 7,000 Satoshi is a steal.  I bought half my coins well above 12000 and I bought large chunks at 12000.  So if I had the money right now I would definitely take the guy out.

Well, at least your theory, Mark, makes some sense.  A guy could do that but I'm not so sure he could have accumulated 500,000 iXcoin in even 3 months given all the other people that have been buying.  And especially bit at below 7,000 Satoshi. 

Unless this guy bought early last year when IXC was selling for a few months under 6,000.  I don't know, it's odd timing coming out now after such a big selloff.  Would have made sense when we had that nice run to 14000 a few weeks back.  Then I'd say maybe some guy just wants to cash out and buy lower. 

And again, why would he sell on Vircurex if what you say is his plan, nobody is gonna have the guts to sell there.  And why not split the block and sell half on Cryptsy and improve his odds of getting a bit more or at least sell it quicker.

I don't know, the way he's doing this looks to me like intimidation - to drop the price lower, cause let's face it, when you see that massive sell wall you're not thinking, "great there's iXcoins for sale", no, you're thinking; "that's a whale getting out, he must know something and he's selling out for cheap, Vlad was dead wrong, what was I thinking buying this turd", and you're gonna dump out of fear it's gonna drop much lower.

Heck, some might think that's me selling since most think I'm the only big iXcoin fish. I always felt like that wasn't the case but nobody ever came forward to say they were also accumulating.

I think that's what most people are gonna think when they see that huge block for sale which means we're going lower; we'll probably hit 4,000 Satoshi in the next few days.

7000 satoshis might not be selling at a loss at all, my lowball buy offers got accepted down to 6500 and below, so 7000 is above my highest buy price.

My sell prices start way up above 15000 satoshis but that is just me, anyone, even a bot, who sat fiddling around below 7000 could have accumulated lots of coins and be a thin hard wall player instead of a column of offers player, they might basically be planning to sell all those at 7000 then put the resulting bitcoin back on the buy side as offers to buy for less than 7000.

Maybe too they want to show anyone who does want to get into IXCoin that there is plenty available at a pretty good price. I won't pay that much because my buys were already taken up to much lower prices than that and I don't plan to build them back up that high if I can help it; I still hope to buy more at lower prices than that. But how much did you pay Vlad for large lumps in the past? Maybe 7000 satoshis is a good price compared to what you paid for such large quantities in the past?

-MarkM-

I just looked at all the sell orders for all the various coins on Vircurex and just as I expected, the massive sell order is exclusive to only IXC.

Every coin, including Litecoin and DogeCoin have less than 5 BTC as their largest sell order and most coins, including very popular coins like Doge and DGC actually have way less, around 1 BTC as their largest sell order.

So these coins which normally have very high volumes have nearly nothing for sale while IXC which normally has low volume has a massive, the biggest ever, sell order.

This puts to rest any theory about Vircurex dumping coins cause if that were the case they would have many more coins to dump from the popular group and they would surely be dumping other coins and not just IXC.

So this goes right back to my theory that this is our stealth Hedge Fund who thinks he can scare the market [and drop the price even lower] without losing any of his coins since nobody is crazy enough to put any Bitcoins into Vircurex right now.

Very clever tactic I'll say but at least now we know that my suspicion of a very deep pocket stealth buyer last year was very real indeed.  And the fact that IXC is being dropped intentionally right now and not by mere market forces.

It could be vircurex but then why wouldn't they just sell it on Cryptsy?  The fees are insignificant and they know nobody will risk putting that many BTC into Vircurex so why waste your time.

And if Vircurex is that blatant and desperate why aren't they doing that with the much more popular coins on their site?  IXC is the least popular and has the smallest volume, so if you're gonna pull a scam why not do it with LTC, or Doge or all of the coins.  


This theory doesn't hold together very well.

Right but that a year from now so why put it all for sale all at once?  And why use Only Vircurex when you know people are running from now and they're freezing Bitcoin deposits?  Why not take that ixc out of there to be safe and sell it on Cryptsy, at least part of it.

And why sell it on Virxurex at all when they'll freeze your BTC once you do?

Makes ZERO sense.  They could sell it here on these boards without killing the price and thus get way less profits.

Has anyone actually asked the pools why they don't upgrade?  And if they've tested merged mining?  Maybe they would have some valuable feedback.

No-go on Kraken:




   
Ulf (Kraken Support)
Mar 26 18:11

Thanks for asking. We don't have any plans to add any other digital currencies at the present time. We're open to adding more currencies in the future, but every currency we add first has to go through a lengthy process of evaluation. For example, in the case of Namecoin, we found a serious bug in the protocol during our evaluation process.

http://www.coindesk.com/namecoin-flaw-patch-needed/

The bug was of course fixed before we allowed trading in Namecoin on our exchange. This evaluation process takes valuable time away from other important development projects, and at the present time we can't spare the resources needed to add a new currency.

Best,

Ulf
Kraken Support

Nobody in his right mind would deposit money in Vircurex to even bother buying that sell order.

The selling may just happen to be Vircurex, selling everyone's else's IXC that they may confiscate when they close shop.

the other possibility is eligius or ghash are selling the coins they mined. they may be panicing that the time when ixcoin generation subsidy drops to zero is getting too close to risk further loss.

Another point. Given the scary problems with Vircurex right now and frozen Bitcoins, Nobody is gonna send big money there right now.  Very Clever to put that huge sell there and not on Cryptsy.

What this guy didn't realize however is that he'd be showing his hand.  Not many believed me when I said there was a huge stealth buyer all last year and this year too.

Now it's clear.  So hopefully this means they're done buying and this is the final shakedown.

I just doubled checked and sure enough, there's a massive 500,000 iXcoin sell order at 7000 Satoshi.

That's an insane sell order, the biggest ever.  It's 2.2% of the total 21 million coins.

Until now there was supposedly nobody around with that many coins.  I of course said all along we had someone, a hedge fund, stealth buying massive IXC, for the last year.

Now there's proof!

But why would anyone put one single massive order out there like that knowing that it would scare buyers and as a result get less for their coins?  And not to mention someone has been systematically dropping the price daily with large one-block orders.

The only reason I would do this is to discourage buyers, to freak people out and to drive the price even lower.

And one more thing, I wouldn't do this with all my coins just in case a guy like Vlad calls my bluff.  This means I was right and we have a whale with way more iXcoins than me.  I'm certain now that we have a hedge fund or a large bank with 2-3 million IXC and the greedy barstards wanna do one last run, and scare as many coins out of people as possible before they do their thing and drive IXC to $10 [short term].

I'm gonna bend over backwards this next week to buy some BTC.  Hopefully I will succeed cause these prices are ridiculously low.

I just got a heads up that there's currently a 35 BTC sell order on Vircurex for iXcoin.

Is anyone here selling any large blocks right now?

35 BTC would be around 2% of the entire coin.  That's just not possible.  There's has never been such a large sell order or even a buy order.

I'm hoping this is just more manipulation by whoever was driving down the price.  At least now we know for sure that we've got someone with a massive amount of IXC.

What a bad time to be broke, cause I would eat that sell-wall.

https://en.bitcoin.it/wiki/Vanitygen

Appreciate it but is this "plug-n-play"?  Lol, remember who you're talking to.

And I think you need a lot of hash power to generate a longer address, which I don't have.

I keep seeing large block sell orders.  Someone is purposely pounding the price into the ground.

I think it's time for me to sell something else to get some BTC--->IXC if this thing keeps going lower.

Alpaca socks, anyone?  Ha!

SRC  https://github.com/samr7/vanitygen

WIN  https://github.com/downloads/samr7/vanitygen/vanitygen-0.20-win.zip

Any good hackers here?  Is there any way to generate a vanity address for free?  Vanity address sites are charging a lot.

Please let me know.  Thanks.