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Topic: Whats up with DGC price skyrocketing ? - page 2. (Read 2572 times)

erk
hero member
Activity: 826
Merit: 500
June 05, 2013, 09:49:59 PM
#41


Lol this is not a coin where it can be dumped within hours of release. The proper way to pump and dump this would be to mine since day 1, manipulate price a while after block reward is at it's highest (pump), aaaaaaaaand DUMP when price manipulation is at its peak. And that's EXACTLY what's happening.
The miner pumps are done, now it's the trader pumps like fontas et. al. that have taken over. So it becomes a more interesting coin to trade. Miners just send the price straight down which sucks for everyone, traders send it up and down creating opportunities.



legendary
Activity: 2646
Merit: 1722
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
June 05, 2013, 09:49:27 PM
#40
Whats up with DGC price skyrocketing ?

Nothing. I've been steadily mining it for the past week or so now. Cheesy

Never put all the eggs in one basket.  Grin
sr. member
Activity: 378
Merit: 250
June 05, 2013, 09:38:13 PM
#39
Look at the orders. It's just a fine example of a pump n dump. The end is nigh.

Considering DGC has been out for several weeks now, it kind of blows your pump and dump theory, the miners already tried that back in May.

DGC has moved along since then.

Lol this is not a coin where it can be dumped within hours of release. The proper way to pump and dump this would be to mine since day 1, manipulate price a while after block reward is at it's highest (pump), aaaaaaaaand DUMP when price manipulation is at its peak. And that's EXACTLY what's happening.
hero member
Activity: 545
Merit: 500
June 05, 2013, 09:37:45 PM
#38
Look at the orders. It's just a fine example of a pump n dump. The end is nigh.

Considering DGC has been out for several weeks now, it kind of blows your pump and dump theory, the miners already tried that back in May.

DGC has moved along since then.



Yeah I know about them. But those Devs insta-mined a huge percentage of their own coin in first hours. However digicoin reward was too low for initial blocks to be insta-mined.
Of course insta-mine claims absolute BS, if folks knew anything about DGC they would have known it has built in insta-mine protection in the source code put there by the devs.

Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 20 * COIN;

        if(nHeight < 1080)
    {
        nSubsidy = 2 * COIN;
    }
        else if(nHeight < 2160)
    {
        nSubsidy = 1 * COIN;
    }
    else if(nHeight < 3240)
    {
        nSubsidy = 2 * COIN;
    }
    else if(nHeight < 4320)
    {
        nSubsidy = 5 * COIN;
    }
        else if(nHeight < 5400)
    {
        nSubsidy = 8 * COIN;
    }
        else if(nHeight < 6480)
    {
        nSubsidy = 11 * COIN;
    }
        else if(nHeight < 7560)
    {
        nSubsidy = 14 * COIN;
    }
        else if(nHeight < 8640)
    {
        nSubsidy = 17 * COIN;
    }

    // Subsidy is cut in half every 4730400 blocks, which will occur approximately every 3 years
    nSubsidy >>= (nHeight / 4730400);

    return nSubsidy + nFees;
}










Did you lost your glasses or what??
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
June 05, 2013, 09:37:20 PM
#37
Been mining DGC from day 1. Not selling it any time soon.

I have great trust in Baritus. Never seen a dev buying his own coins on Bitcointalk before, soon after its launch.

Hey kiddy,

Look up user Coinhunter and realsolid and solidcoin. He essentially was buying his own coins too.

Along with a bunch of underhanded things he did.

So don't trust too easily a human. Trust the network.

Yeah I know about them. But those Devs insta-mined a huge percentage of their own coin in first hours. However digicoin reward was too low for initial blocks to be insta-mined.

Do your research...solidcoin version 1 was not heavily premined. The devs and shills were the source of the problem.
legendary
Activity: 1268
Merit: 1009
June 05, 2013, 09:34:44 PM
#36
The price is rocketing because:
1. Marketplace
2. Advertising platform
3. Online wallet
4. Active developers
5. Most stable fast crypto
6. Active community(see thread)
7. Fair launch
8. Well thought out parameters
9. Optimizations to client

Fixed that for you.  It is shocking to me that the marketplace is listed as the first thing on your list.  There are a few big issues with the marketplace, probably stemming from the fact that it was so rushed to be released.

It lacks SSL which is really surprising to me considering the main target for the website is people whose computers solve cryptographic functions 24/7.  Don't be surprised when you password gets cracked.  Hell, any website that involves moving money should have SSL.  

I guess the other main issue is the products.  Earlier today I saw someone selling a unicorn on there.  There is also a house going for a price that is greater than all DGC in production, with a picture that looks like it was taken off of google images.

Once you fix it up, and you don't use a crappy template, the marketplace might be a great place for the exchange of products for DGC.
I respect your other work, I just don't think features like an unfinished marketplace are good for the coin.
hero member
Activity: 545
Merit: 500
June 05, 2013, 09:31:21 PM
#35
In next 24 hours DGC price will surpass its initial launch price on cryptsy (0.0007ish). It it stays above that i am extremely bullish on DGC.

Don't think any other coin released lately made such a rebound.
erk
hero member
Activity: 826
Merit: 500
June 05, 2013, 09:24:23 PM
#34
Look at the orders. It's just a fine example of a pump n dump. The end is nigh.

Considering DGC has been out for several weeks now, it kind of blows your pump and dump theory, the miners already tried that back in May.

DGC has moved along since then.



Yeah I know about them. But those Devs insta-mined a huge percentage of their own coin in first hours. However digicoin reward was too low for initial blocks to be insta-mined.
Of course insta-mine claims absolute BS, if folks knew anything about DGC they would have known it has built in insta-mine protection in the source code put there by the devs.

Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 20 * COIN;

        if(nHeight < 1080)
    {
        nSubsidy = 2 * COIN;
    }
        else if(nHeight < 2160)
    {
        nSubsidy = 1 * COIN;
    }
    else if(nHeight < 3240)
    {
        nSubsidy = 2 * COIN;
    }
    else if(nHeight < 4320)
    {
        nSubsidy = 5 * COIN;
    }
        else if(nHeight < 5400)
    {
        nSubsidy = 8 * COIN;
    }
        else if(nHeight < 6480)
    {
        nSubsidy = 11 * COIN;
    }
        else if(nHeight < 7560)
    {
        nSubsidy = 14 * COIN;
    }
        else if(nHeight < 8640)
    {
        nSubsidy = 17 * COIN;
    }

    // Subsidy is cut in half every 4730400 blocks, which will occur approximately every 3 years
    nSubsidy >>= (nHeight / 4730400);

    return nSubsidy + nFees;
}







hero member
Activity: 545
Merit: 500
June 05, 2013, 09:13:00 PM
#33
Been mining DGC from day 1. Not selling it any time soon.

I have great trust in Baritus. Never seen a dev buying his own coins on Bitcointalk before, soon after its launch.

Hey kiddy,

Look up user Coinhunter and realsolid and solidcoin. He essentially was buying his own coins too.

Along with a bunch of underhanded things he did.

So don't trust too easily a human. Trust the network.

Yeah I know about them. But those Devs insta-mined a huge percentage of their own coin in first hours. However digicoin reward was too low for initial blocks to be insta-mined.
full member
Activity: 182
Merit: 100
fml
June 05, 2013, 09:06:44 PM
#32
There was no dump. And nothing is over.

Look at the market history to see all the legitimate buys to this level before making false accusations.

We shall see. However past experience tells me that a coin tripling in price within a month of release is NEVER a good thing. Let's see how it turns out 2 weeks from now.

What are you comparing this too? Because, as far as I know, its never happened before...
sr. member
Activity: 378
Merit: 250
June 05, 2013, 09:05:23 PM
#31
There was no dump. And nothing is over.

Look at the market history to see all the legitimate buys to this level before making false accusations.

We shall see. However past experience tells me that a coin tripling in price within a month of release is NEVER a good thing. Let's see how it turns out 2 weeks from now.
newbie
Activity: 42
Merit: 0
June 05, 2013, 09:01:38 PM
#30
Been mining DGC from day 1. Not selling it any time soon.

I have great trust in Baritus. Never seen a dev buying his own coins on Bitcointalk before, soon after its launch.

Same here. Just wish I had more hashing power...
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
June 05, 2013, 09:01:26 PM
#29
Been mining DGC from day 1. Not selling it any time soon.

I have great trust in Baritus. Never seen a dev buying his own coins on Bitcointalk before, soon after its launch.

Hey kiddy,

Look up user Coinhunter and realsolid and solidcoin. He essentially was buying his own coins too.

Along with a bunch of underhanded things he did.

So don't trust too easily a human. Trust the network.
newbie
Activity: 28
Merit: 0
June 05, 2013, 08:59:11 PM
#28
So funny to see the kiddies flinging crap at each other.

Reminds me off September and October 2011.


+1
hero member
Activity: 545
Merit: 500
June 05, 2013, 08:57:47 PM
#27
Been mining DGC from day 1. Not selling it any time soon.

I have great trust in Baritus. Never seen a dev buying his own coins on Bitcointalk before, soon after its launch.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
June 05, 2013, 08:57:39 PM
#26
So funny to see the kiddies flinging crap at each other.

Reminds me of September and October 2011.

newbie
Activity: 28
Merit: 0
June 05, 2013, 08:47:05 PM
#25
lol, made few BTC's on PXC hype, but you're just bagholder
newbie
Activity: 28
Merit: 0
June 05, 2013, 08:44:38 PM
#24
omg another blind PXC fanboy... This skyrocketing could never happen with PXC. You know why ? Because of 1 000 000 premined coins.... DGC had best launch I've seen since I'm here, that's why people are interested in this coin.

OPEN YOUR EYES NOW !
PXC is worthless
Typical noob response... *eye roll... You guys have fun arguing here...
newbie
Activity: 28
Merit: 0
June 05, 2013, 08:42:35 PM
#23
omg another blind PXC fanboy... This skyrocketing could never happen with PXC. You know why ? Because of 1 000 000 premined coins.... DGC had best launch I've seen since I'm here, that's why people are interested in this coin.

OPEN YOUR EYES NOW !
PXC is worthless
full member
Activity: 147
Merit: 100
June 05, 2013, 08:40:49 PM
#22
mark, initial block rewards were on an inverse relation, ensuring the fair launch!

http://www.reddit.com/r/digitalcoin
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