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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: MrThePlague on May 21, 2013, 04:23:02 AM



Title: With WDC now on exchanges. What do you see the future bringing?
Post by: MrThePlague on May 21, 2013, 04:23:02 AM
It;'s been actively on an exchange for about 14 hours now. We've seen it jump to a nice 0.0021 BTC per WDC, and now at a meer 0.0007 BTC to WDC.

Granted it's still new on the exchanges, but also the difficulty has almost tripled (and i think it's going up again any hour now). Overall hash has gone from 1.5 Gh to almost 4 gh since it's been on an exchange.

My question is, what do you see the future bringing, and how does this recent spike in mining effect it?

The more miners we see, will the value of the coin decrease as the difficulty does? Or better yet, what are you doing with your coins? (The ones you haven't sold if you already moved them). You holding out for a day, a week, a month, etc, to see how the market adjusts? Or dumping while you still can?


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: Buffer Overflow on May 21, 2013, 04:25:57 AM
The future will bring more pump & dumps.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: teamnigel on May 21, 2013, 04:27:18 AM
The add to the exchange this morning was interesting. I left for work when it was sub .001 and came back later to see it at .0024, but right then it crashed to .0017. Now we see it return to the rates it was trading at pre-exchanges and hopefully it will recover later. I think it will do the exact same thing as FTC (go on btc-e, peak at like .0045, and then crash hard).

I bought back my initial investment, so I have some pure profit WDC left over; it'll be fun to see where it goes.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: erk on May 21, 2013, 04:28:21 AM
The future will bring more pump & dumps.
That you can be certain of.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: ecliptic on May 21, 2013, 04:29:06 AM
It's already over.   The big 100+ MH/sec people who took all the blocks and orphaned the fuck out of the blockchain have already cashed out

this is going to happen over and over until people learn what is going on.

literally the new feathercoin


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: BitJohn on May 21, 2013, 04:31:07 AM
I would like to see how the time difficulty adjust of 8 hours affects the coin when folks dump their hash elsewhere


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: teamnigel on May 21, 2013, 04:31:53 AM
It's already over.   The big 100+ MH/sec people who took all the blocks and orphaned the fuck out of the blockchain have already cashed out

this is going to happen over and over until people learn what is going on.

literally the new feathercoin

Exactly. It's still at the top of coinchoose and we might be able to squeeze a bit more hype, but it doesn't look good. I just want it on btc-e damnit.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: mr_random on May 21, 2013, 04:36:55 AM
It's already over.   The big 100+ MH/sec people who took all the blocks and orphaned the fuck out of the blockchain have already cashed out

this is going to happen over and over until people learn what is going on.

literally the new feathercoin

Feathercoin is actually trading at 17 cents right now lol


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: seleme on May 21, 2013, 04:37:36 AM
being at top of coinchoose means f'all when few btc worth of wdc is traded in last few hours and exchange have barely 20btc in buy orders.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: ecliptic on May 21, 2013, 04:37:52 AM
Some day people will learn that MINER ATTENTION TO YOUR IMMATURE ALT-COIN = CRASH AND BURN

the solution is an altcoin that does not use mining.

good luck with that


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: DMIS on May 21, 2013, 04:38:54 AM
Difficulty at 11.5 and only 93% profit to BTC


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: nameface on May 21, 2013, 04:43:12 AM
Is it just me or are all the new pump and dumps failing?


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: A L I E N on May 21, 2013, 04:49:05 AM
I think this will be around for the long haul.  I'm sure the devs have plans for updates and tuning.  It will be on btc-e and more services will adopt it.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: BitshireHashaway on May 21, 2013, 04:55:16 AM

It's already over.   The big 100+ MH/sec people who took all the blocks and orphaned the fuck out of the blockchain have already cashed out

this is going to happen over and over until people learn what is going on.

literally the new feathercoin

yup:)


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: Aragami on May 21, 2013, 05:42:52 AM
Guys, BitJohn has already changed his avatar to the digitalcoin symbol, i think its a hint.

WDC has entered the final stages of dump and is only going to get more and more worthless from here on in. If you're all interested in the next big investment then check out Nibbles or DigitalCoin. Bunch of possible $$ in those new coins. If they pick up enough of a hash rate then they'll be noticed by exchanges and then they'll get listed - simple as that.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: perhan007 on May 21, 2013, 05:50:09 AM
People didn't learn anything from the feathercoin / cn pump and dump...

I mean I mined around 15.000 WDC and bought a few thousand pretty cheap and dumped 10.000 WDC for 15.7 BTC, thats over 1600$ for 1 day of mining and someone had to pay this... And this guy will probably never see his money again.

The new altcoins obviously work like a ponzi-scheme... it works, as long new people hear about the now coin and believe that it's a good investment... Most of the "loser" just don't talk about it and hope to "sit it out" but the altcoin never reaches the previous peak again...


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: Buffer Overflow on May 21, 2013, 05:51:43 AM
I just can't believe suckers are buying these alt-coins during the dumps. Unbelievable.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: jonptl on May 21, 2013, 05:57:39 AM
Haha well now its at a low, just waiting to see what happens after the next difficulty adjustment... or if a large holder of wdcoins wants to create another pump


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: erk on May 21, 2013, 06:05:33 AM
I just can't believe suckers are buying these alt-coins during the dumps. Unbelievable.
I bought some at the last dump, I am still mining them too, I didn't need to buy any, it was just they are a bargain. They are cheaper than CNC and there is not one technical thing about CNC that superior to WDC other than it's been around a little longer. There are several things WDC does better than CNC such as difficulty resets :)

I think WDC are worth about .003BTC so at .00074 they are well off the pace. It's only the miner/dumpers holding the price down, they will dry up eventually.









Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: DeadEyeCool on May 21, 2013, 06:07:32 AM
People didn't learn anything from the feathercoin / cn pump and dump...

I mean I mined around 15.000 WDC and bought a few thousand pretty cheap and dumped 10.000 WDC for 15.7 BTC, thats over 1600$ for 1 day of mining and someone had to pay this... And this guy will probably never see his money again.

The new altcoins obviously work like a ponzi-scheme... it works, as long new people hear about the now coin and believe that it's a good investment... Most of the "loser" just don't talk about it and hope to "sit it out" but the altcoin never reaches the previous peak again...


Great job exploiting someone out of their money dude, you must be proud (considering you keep bragging about it)


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: Buffer Overflow on May 21, 2013, 06:13:25 AM
People didn't learn anything from the feathercoin / cn pump and dump...

I mean I mined around 15.000 WDC and bought a few thousand pretty cheap and dumped 10.000 WDC for 15.7 BTC, thats over 1600$ for 1 day of mining and someone had to pay this... And this guy will probably never see his money again.

The new altcoins obviously work like a ponzi-scheme... it works, as long new people hear about the now coin and believe that it's a good investment... Most of the "loser" just don't talk about it and hope to "sit it out" but the altcoin never reaches the previous peak again...


Great job exploiting someone out of their money dude, you must be proud (considering you keep bragging about it)
Disagree. He merely sold something he thought would go down in value, with someone that thought it would go up in value. A fair trade. Someone has to be wrong.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: DeadEyeCool on May 21, 2013, 06:18:14 AM
People didn't learn anything from the feathercoin / cn pump and dump...

I mean I mined around 15.000 WDC and bought a few thousand pretty cheap and dumped 10.000 WDC for 15.7 BTC, thats over 1600$ for 1 day of mining and someone had to pay this... And this guy will probably never see his money again.

The new altcoins obviously work like a ponzi-scheme... it works, as long new people hear about the now coin and believe that it's a good investment... Most of the "loser" just don't talk about it and hope to "sit it out" but the altcoin never reaches the previous peak again...


Great job exploiting someone out of their money dude, you must be proud (considering you keep bragging about it)
Disagree. He merely sold something he thought would go down in value, with someone that thought it would go up in value. A fair trade. Someone has to be wrong.


Too even list at that price is nefarious. You're basically hoping on a long shot that someone will mess up, and buy at that price, not realizing what they are doing. Then its too late, and they can't take back the mistake they just made.

This person will end up never touching cryptos again.

So great job taking advantage of someone -_-


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: relm9 on May 21, 2013, 06:22:32 AM
People didn't learn anything from the feathercoin / cn pump and dump...

I mean I mined around 15.000 WDC and bought a few thousand pretty cheap and dumped 10.000 WDC for 15.7 BTC, thats over 1600$ for 1 day of mining and someone had to pay this... And this guy will probably never see his money again.

The new altcoins obviously work like a ponzi-scheme... it works, as long new people hear about the now coin and believe that it's a good investment... Most of the "loser" just don't talk about it and hope to "sit it out" but the altcoin never reaches the previous peak again...


Great job exploiting someone out of their money dude, you must be proud (considering you keep bragging about it)
Disagree. He merely sold something he thought would go down in value, with someone that thought it would go up in value. A fair trade. Someone has to be wrong.


Too even list at that price is nefarious. You're basically hoping on a long shot that someone will mess up, and buy at that price, not realizing what they are doing. Then its too late, and they can't take back the mistake they just made.

This person will end up never touching cryptos again.

So great job taking advantage of someone -_-

Huh? He sold 10k WDC... that was the going market rate earlier today. What is nefarious about that?


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: erk on May 21, 2013, 06:25:23 AM
It's interesting to note on Bter there are no sell orders over 1,000 WDC atm.


Code:
Price 	Amount(WDC) 	Total(BTC)		Count
0.00084 78.794   0.06619 1
0.00086 71.556   0.06154 1
0.00087 99.900   0.08691 1
0.00088 119.000 0.10472 2
0.00089 100.000 0.08900 1
0.00090 240.700 0.21663 2
0.00094 200.000 0.18800 1
0.00095 500.000 0.47500 1
0.00096 6.160   0.00588 1
0.00098 72.000   0.07056 1
0.00099 110.000 0.10890 2
0.00100 210.033 0.21003 2
0.00104 398.600 0.41415 1
0.00104 235.000 0.24440



Yet there are many buy orders for thousands:

Code:
Price 	Amount(WDC) 	Total(BTC)		Count
0.00074 1,231.832 0.91156 3
0.00073 520.081 0.37966 1
0.00072 666.666 0.48000 1
0.00061 500.000 0.30500 1
0.00055 100.545 0.05530 1
0.00054 4,651.000 2.51154 1
0.00053 600.000 0.31800 1
0.00050 10,000.000 5.00000 1
0.00040 1.250    0.00050 1
0.00012 500.000 0.06000 1
0.00011 500.000 0.05500 1
0.00010 396.000 0.03960 1
0.00003 4,300.000 0.12900 1
0.00001 30,000.000 0.30000 1

So there is not volume dumping atm.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: Buffer Overflow on May 21, 2013, 06:41:19 AM
Too even list at that price is nefarious. You're basically hoping on a long shot that someone will mess up, and buy at that price, not realizing what they are doing. Then its too late, and they can't take back the mistake they just made.

This person will end up never touching cryptos again.

So great job taking advantage of someone -_-
They will still be hovering around, don't worry about that. They need to "win back their losses."


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: Moray on May 21, 2013, 06:41:52 AM
For now, mcx's price is leading. IF it goes to BTC-E- the price will skyrocket, for sure.
One can't expect much with... 50btc buy orders, combined for all of the exchanges...



Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: DeadEyeCool on May 21, 2013, 06:44:20 AM
People didn't learn anything from the feathercoin / cn pump and dump...

I mean I mined around 15.000 WDC and bought a few thousand pretty cheap and dumped 10.000 WDC for 15.7 BTC, thats over 1600$ for 1 day of mining and someone had to pay this... And this guy will probably never see his money again.

The new altcoins obviously work like a ponzi-scheme... it works, as long new people hear about the now coin and believe that it's a good investment... Most of the "loser" just don't talk about it and hope to "sit it out" but the altcoin never reaches the previous peak again...


Great job exploiting someone out of their money dude, you must be proud (considering you keep bragging about it)
Disagree. He merely sold something he thought would go down in value, with someone that thought it would go up in value. A fair trade. Someone has to be wrong.


Too even list at that price is nefarious. You're basically hoping on a long shot that someone will mess up, and buy at that price, not realizing what they are doing. Then its too late, and they can't take back the mistake they just made.

This person will end up never touching cryptos again.

So great job taking advantage of someone -_-

Huh? He sold 10k WDC... that was the going market rate earlier today. What is nefarious about that?


Oh, he used periods instead of commas lol. I thought it was 10 wdc for 15 btc


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: Buffer Overflow on May 21, 2013, 06:50:37 AM
@DeadEyeCool

So come on then; how much money have you lost? Also, no telling us porkies. The truth please.


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: tytanick on May 21, 2013, 07:06:51 AM
WDC is falling:
some stats:
http://snag.gy/gLJv3.jpg


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: Mapuo on May 21, 2013, 07:20:40 AM
WDC is falling:
some stats:
http://snag.gy/gLJv3.jpg
Good try for cheap coins...


Title: Re: With WDC now on exchanges. What do you see the future bringing?
Post by: erk on May 21, 2013, 07:24:15 AM
WDC is falling:
some stats:
http://snag.gy/gLJv3.jpg

The graph shows me that WDC net rate is about 50% higher than it was 12 hours ago.


I take it you think this is bad somehow, nothing has changed, there are still 4 blocks of coins being mined every minute.

And the Net Hash: 3127.6 MH/s now that EU is awake again.