Bitcoin Forum

Do you make sandwiches and give free coffee breaks ?

Helpful advice:
Sell everything, buy BTC apparently.
Stop trying to find the next BTC and stop trading.
End helpful advice.

That one's on the house.

I actually made two recent buy recommendations on Viacoin and Stealthcoin on Bittrex right before Stealth tripled and via doubled however due to Bittrex's stubborn charts you can't even see the buy points nor sellpoints any more.
Overall, I gladly use exchanges other than MintPal.

JL

With that said, I'm putting out a short-term buy signal on Syscoin. They had a miserable launch however I believe once they patch it up SYS will likely pop up a good amount.
Technicals have consolidated for 5+ hours now and volume is showing signs of shakeout. Additionally with large buy walls in place I believe someone is trying to make a stand.
Lastly, I believe the dev's might try to boost price as a token of apology for the botched launch.
Target us open, stop is open for now.
JL

Disclaimer: I'm just now long SYS as of 4:30 pm est.

With that said, I'm putting out a short-term buy signal on Syscoin. They had a miserable launch however I believe once they patch it up SYS will likely pop up a good amount.
Technicals have consolidated for 5+ hours now and volume is showing signs of shakeout. Additionally with large buy walls in place I believe someone is trying to make a stand.
Lastly, I believe the dev's might try to boost price as a token of apology for the botched launch.
Target us open, stop is open for now.
JL

Disclaimer: I'm just now long SYS as of 4:30 pm est.

Glad DRK is working out for everyone - as I write this, at least.
Too bad Bitfinex doesn't offer a margin trade on DRK.

Coming soon from what I've heard.

Not good enough - we could have used it 24 hours ago!

One problem though, it can cause massive volatility. Huge flash crashes when longs get squeezed and are forced to liquidate, causing the next one to liquidate, falling like dominoes.

And speaking of MintPal I think the signs are definitely pointing to them using customers' DRK holdings to short-sell DRK. This is still a pretty preliminary theory of mine but I'm noticing things from MintPal that just don't make sense and circumstantially point to them going short DRK. I'll explain later and will come up with a way for the community to test this theory soon.

Following this thread  ;)

http://i1070.photobucket.com/albums/u492/JesseLivermore/BTC82714_zpsec339fa0.png
Let's look at the mother-of-all-whales, BTC.
Right now there is a short-term inverse head-and-shoulders about to complete above a breakout of 524 on BitStamp. From there the target (T1) is just over 560....well if it breaks above 545 it will also trigger a larger inverse head-and-shoulders pattern which targets about 610 (T2).

Something to keep an eye on.
JL

http://i1070.photobucket.com/albums/u492/JesseLivermore/DRK82814_zpsa59f26a6.png

DARKCOIN!!!!!

Funny how this works out that I am now going long, yet again, on Darkcoin after having recent successful and unsuccessful trades back and forth in it.
This one, though, looks good. Real good.
First off, there is a rather ugly inverse head and shoulders pattern here and while it has technically been broken already to the upside on MintPal, I believe what is happening is a whale is trying his best to accumulate without getting an ugly 30%+ fill price. There are few coins available on the ask without popping price. This is my own speculation but I believe it's an insider, connected with Evan or Kristov how is doing this accumulating here.
Second, this is the most basic of basic of chart-reading, there is a double-bottom that happened yesterday across all three major exchanges (MP, Craptsy, Bitfinex) and now we have actual buying pressure which is also corresponding with what could be really favorable reviews by Kristov Atlas perhaps.

So as you can see, the initial target is .006 with a stop below a break of the double-bottom across all three exchanges.
Trust me, I would like nothing better than to stay away from any more Darkcoin trades, but my gut is telling me this is the final end of the Darkcoin downtrend from May.
Technically, I would need to see a break above the falling trendline at .008 for confirmation though.

JL

Order books are useless for predicting future direction unless you are the big holder trying to get in or out.

Most traders want instant fills and don't even put their order on the order books and instead just jump on the best ask or bid. Darkcoin is an excellent example of this. For about the past 2 months the buy order book has been stacked most of the time and sell order book minimal and yet price went lower and lower. This was because other traders wanting out right away were consistently hitting the best bid with large sells and eating away at the buy book.

IOCoin still looking good, could use more volume now though.
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.

Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.

What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).


Let me know what you all think.
JL

"Jesse Livermore Trading Coin"

IOCoin still looking good, could use more volume now though.
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.

Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.

What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).


Let me know what you all think.
JL

IOCoin still looking good, could use more volume now though.
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.

Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.

What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).


Let me know what you all think.
JL

http://i1070.photobucket.com/albums/u492/JesseLivermore/VIA9214_zps580816b9.png
Hey there, VIA developer, it basically looks like VIA got pumped with volume when it broke and held 32k sats. It looks like many parties came in and tried to pump it and play it, and I was briefly watching the volume time-and-sales and was surprised to see many large sales meeting those large buys, hence VIA didn't pop up more and reach my 46k sat target. I will now remove 46k as an initial target because it looks like it might be targeting something higher.

As an aside, I'm kinda disappointed that once again my target was just slightly under-cutted. It is obviously possible some whales are slightly under-cutting me and jumping the gun on my targets.
The simple solution would be to stop giving out targets or move to Twitter with "I am selling now" posts....or stop posting trades and setup a Jesse Livermore Trading Coin on VIA.
We'll see.

Overall though the fact that VIA has not crashed/dumped with any kind of real volume behind it (yet) is a huge positive for bulls. On the other hand, this lack of conviction volume can push the price anywhere including down down down, however I think as long as 32k isn't pierced, this should see higher-highs above today's high.
JL

Taking a medium-term position in BTSX-BitSharesX on Poloniex here in lower-6000 sat range. Volume is now tight and price has a beautiful base. Huge potential building up. Definitely could be a brand new niche in the Cryptos world they have going there.

Thanks for input so far, too.
JL

Truly hard to speculate on BTSX's, or any crypto's, price at maturity. If BTSX fulfills a better, more efficient way of running an exchange and bank then what exists already, then the sky's the limit.
JL

Introducing the JLTradingCoin on ClearingHouse (clearwallet.co).

I have created a ClearingHouse token with 100,000 total tokens and put 50,000 of them on the ClearingHouse Exchange. I will start the exchange rate at 1 VIAcoin for 1 JL coin. Going forward though I believe I will have to set the NAV based on each days asset appreciation and depreciation.
To purchase JLTRADINGCOIN's you first buy some VIA coin at Bittrex or Poloniex and then transfer into the clearwallet.co ClearingHouse site address. From there you just purchase as much JLTRADINGCOIN as you wish (at first I will stress that you should only send a minimal amount because I am going to figure out the best way of doing distributions, withdrawals and deposits) and I'll do a daily sweep of new buys and try to do a twice-weekly sweep of any JLTRADINGCOIN token sell orders.
My plan for now is to do a bi-weekly distribution of profits. All you have to do is hold JLTRADINGCOIN and the ClearingHouse system will automatically distribute VIAcoin to your address.

You Must Agree to these Risks before purchasing JLTRADINGCOIN:
1) This trading plan could absolutely fail and your principal could be lost. I REPEAT, DO NOT BUY AN AMOUNT THAT YOU CANNOT AFFORD TO LOSE. I will not run off with your coins but I make no guarantee that I will be successful at this endeavor.
2) Due to the conversion to VIAcoin that is required, this endeavor is reliant upon the VIAcoin exchange rate staying steady.
3) I make no guarantees of performance whatsoever. Past performance is not a guarantee of future success. Do not forget that.
4) If something happens to me or incapacitates me I will be unable to purchase back anyone's JLTRADINGCOIN's if they want to withdraw. Additionally, I may be unable to do daily sweeps of any new buys. Additionally, if something severe happens I do not currently have a back-up plan yet in place. I will work on educating a family member of mine who is also heavily-invested in Bitcoin though, so he knows how to access my ClearingHouse account to perform any withdrawals.
5) I am not a financial advisor and make no claims as such. This topic on bitcointalk was solely made for educating and this JLTRADINGCOIN is solely an experiment in connecting a coin to trading activity.
6) I hate to do this one, but you must essentially think of this coin right now as a donation to me. Again, I will not run off with your coins (I am in fact in the process of pursuing someone who did run off with many of my Darkcoins, re: https://bitcointalk.org/index.php?topic=626715.0;all) but to make this 'legal' I must insist that you treat this as a donation to me and I will treat any distribution and withdrawal back to you also as a donation to you. Having said that I hope you understand how much I do not want people to purchase large amounts of JLTRADINGCOIN right now. This is a fun and interesting experiment which one day could be huge!
7) I will post all trades after the fact now as soon as JLTRADINGCOIN's get bought.

Here we go!

JL

Edit: I will give the VIA coin address tomorrow where any purchased JL tokens go to. Additionally I will outline my fee for ''managing " and other things I forgot to mention above.

10 Via invested, good luck!

I am getting an error all the time that i try to purchase, mh am i missing something?

Look above for my error window, have u seen anything like that?

Eth.

Looks like we ran right into .0072 trendline here. Give it some time to break above that.
And I'm working on reconciling the JLTRADINGCOIN addresses; it seems the ClearingHouse system lets you create and add coins however it doesn't let you destroy coins. So if I wanted to do a 1% distribution right now it would end up under-paying JLTRADINGCOIN holders due to there being too many coins owned by my originating address. I believe I will send out the remainder of coins (ie many more coins) to the addresses who bought in order to correct this and the starting NAV will go from 1 VIA = 1 JLTRADINGCOIN down to 1 VIA=.0005 JLTRADINGCOIN's or so.
JL

I had a small piece of it on 7/27 and sold for 3x a couple days later (https://bitcointalk.org/index.php?topic=681725.msg8059340#msg8059340).
It's incredibly thinly-traded (1 BTC can make that thing pop). I saw it's pop a week ago up to 4k, my guess then and now is that a large whale group decided to make Stealth their pump-and-dump flavor of the month because it's exhibiting all volume signs of heavy buyers with some significant selling every now and again. In fact, it looks to have had a pretty significant bout of selling about an hour ago which could loom over price for awhile. I wouldn't say we've seen the top; I liked their dev team for a reason and I'm sure if price breaks down now on heavier volume it'll be back up eventually.
JL

First things first, I'm not selling any more JLTRADINGCOIN's until I can get the hang of things. Proceeds grew to just over 1 BTC pretty fast and I would like a couple days to figure this whole process out and get a rhythm on it before it gets ahead of me.

Second, as far as a true donation "fee" for me goes, I'll stick with a flat 5% of profits when I pay them out bi-weekly (every other week). I will also have a high-water mark like I mentioned whereby I'm not taking a "fee" unless we're making higher-highs and sending out profits. So I don't get any true benefit here unless the thing performs. I think it makes sense to post trades after-the-fact versus during just because I don't want to give any 'nefarious' folks a chance to dump on the JLTRADINGCOIN longs on purpose.

Lastly, I think since a couple of you are 'large fishes' so far in the JLTRADINGCOIN, instead of maintaining a twice-weekly window for withdrawals it'll be easiest at first to just PM me that you want to do a withdrawal and what amount.

Eventually it'd be cool to just let the ClearingHouse market exchange takeover for doing that (ie if you wanted to sell JLTRADINGCOIN you'd post a sell and wait for someone else to fulfill your sell. It would likely be at a discount to NAV).

Well this is how it should be IMO.
And with regards to withdrawals, the JLTRADINGCOIN will need to be priced at a NAV (Net Asset Value) that makes sense; so if profits go up and there are more assets for the same amount of JLTRADINGCOIN in the market, your JLTRADINGCOIN's are worth more than the 1 JL to 1 VIA exchange and if there are losses, your 1 JL would be worth less than 1 VIA.

It would be cool to post a daily NAV of what exactly 1 JLTRADINGCOIN is worth in VIA. For now though it's pretty early to do that. Currently, though, since I liquidated the VIA earlier today and again a couple hours ago at higher VIA/BTC prices than where VIA/BTC is at now, there is a small gain of 2% (NAV is 1.02) and it's completely due to exchange rate benefit because I haven't taken on any position (yet) with the exchanged BTC.
Anyhow, I don't know about you guys but this is pretty freaking interesting so far. And it's only day one...

And I just sent over the last 200 VIA buy-in, so that's 2,440 VIA withdrawn today and 2,414.887 JLTRADINGCOIN's purchased (I think 20 or so of my own personal VIA was withdrawn somewhere in there. Oops, oh well, no biggie).

First things first, I'm not selling any more JLTRADINGCOIN's until I can get the hang of things. Proceeds grew to just over 1 BTC pretty fast and I would like a couple days to figure this whole process out and get a rhythm on it before it gets ahead of me.

Second, as far as a true donation "fee" for me goes, I'll stick with a flat 5% of profits when I pay them out bi-weekly (every other week). I will also have a high-water mark like I mentioned whereby I'm not taking a "fee" unless we're making higher-highs and sending out profits. So I don't get any true benefit here unless the thing performs. I think it makes sense to post trades after-the-fact versus during just because I don't want to give any 'nefarious' folks a chance to dump on the JLTRADINGCOIN longs on purpose.

Lastly, I think since a couple of you are 'large fishes' so far in the JLTRADINGCOIN, instead of maintaining a twice-weekly window for withdrawals it'll be easiest at first to just PM me that you want to do a withdrawal and what amount. I'll try to post the VIA buy at the JLTRADINGCOIN NAV then on ClearingHouse within 24 hours but likely sooner. I typically check out my PM's at least once a day and usually multiple times a day; same with this board. Eventually it'd be cool to just let the ClearingHouse market exchange takeover for doing that (ie if you wanted to sell JLTRADINGCOIN you'd post a sell and wait for someone else to fulfill your sell. It would likely be at a discount to NAV).
And with regards to withdrawals, the JLTRADINGCOIN will need to be priced at a NAV (Net Asset Value) that makes sense; so if profits go up and there are more assets for the same amount of JLTRADINGCOIN in the market, your JLTRADINGCOIN's are worth more than the 1 JL to 1 VIA exchange and if there are losses, your 1 JL would be worth less than 1 VIA.
It would be cool to post a daily NAV of what exactly 1 JLTRADINGCOIN is worth in VIA. For now though it's pretty early to do that. Currently, though, since I liquidated the VIA earlier today and again a couple hours ago at higher VIA/BTC prices than where VIA/BTC is at now, there is a small gain of 2% (NAV is 1.02) and it's completely due to exchange rate benefit because I haven't taken on any position (yet) with the exchanged BTC.
Anyhow, I don't know about you guys but this is pretty freaking interesting so far. And it's only day one...

And I just sent over the last 200 VIA buy-in, so that's 2,440 VIA withdrawn today and 2,414.887 JLTRADINGCOIN's purchased (I think 20 or so of my own personal VIA that I'm using to pay ClearingHouse fees was withdrawn somewhere in there. Oops, oh well, no biggie).
JL

Interesting fact: JLTradingCoin is the first *real* world use of an asset on ClearingHouse. Lots of people went on a name squatting exercise (which is actually pointless IMO), but JLTradingCoin is actually being used seriously and even paying out dividends. This is excellent! Congrats!

Funds are currently in the midst of a volatile trade, so I rather not open it up with assets potentially whipsawing all over the place but NAV remaining constant. I will re-open it upon completion of this trade though, which might be in a couple days from now.
JL

You Must Agree to these Risks before purchasing JLTRADINGCOIN:
1) This trading plan could absolutely fail and your principal could be lost.
2) this endeavor is reliant upon the VIAcoin exchange rate staying steady.
3) I make no guarantees of performance whatsoever.
4) If something happens to me or incapacitates me I will be unable to purchase back anyone's JLTRADINGCOIN's if they want to withdraw. Additionally, I may be unable to do daily sweeps of any new buys. Additionally, if something severe happens I do not currently have a back-up plan yet in place.
5) This topic on bitcointalk was solely made for educating and this JLTRADINGCOIN is solely an experiment
6) I hate to do this one, but you must essentially think of this coin right now as a donation to me... to make this 'legal' I must insist that you treat this as a donation to me

As soon as I figure out a simple and efficient way of posting a NAV, and also getting more buyers of the coin which would add liquidity, I think it'll allow for a flourishing second market.

Here's what I'm thinking short-term: As soon as I wrap up this trade (1-2 more days) I'd like to test out a distribution and then I'd like to open up the JLTRADINGCOIN issuance again and if I have time I'd like to amp up marketing of this thing. There is definitely a niche for a 'crypto portfolio' management-type services for those who don't have time to research all these cryptos or watch the charts.

Furthermore, with the massive amounts of scam coins recently, and the overall bearish market, I think a lot of new money has become disillusioned with cryptos.

I'm considering moving this over to the Announcement threads to get more eyeballs and I could pretty easily get some crypto-articles written about what I'm doing.

Medium-term (1-3 months?) I'd like to sell out all of the initial 100k coins which would leave a decent-sized fund to trade with (40-50 BTC perhaps) and then I could easily start doing a daily NAV posting each evening (USA time).

With daily NAV postings and more attention on it I imagine people would start asking for some sort of 3rd-part audit of funds just to make sure there wasn't really a ponzi-scheme going on (I hate to say it but I may have opened a Pandora's Box for all sorts of potential fraudsters to take advantage of).

Long-term (6-12+ months) I left coin issuance open-ended; so even though I set an initial limit of 100k coins I could raise that to whatever I feel I'm capable of trading, while also not completely becoming too big of a trader for the alternate crypto market.

I agree with all your good points, Eth, however I wouldn't call issuing more JLTRADINGCOIN's a 'devaluation' due to the fact that the coins, like an ETF or mutual fund, have an underlying asset backing it that is being used in trading and can be withdrawn theoretically at NAV. ETF's and mutual funds issue and destroy shares all the time but there is no devaluation and no inflation going on because there is an underlying asset (a basket of stocks). So hypothetically if I issued and sold 1,000,000 JLTRADINGCOIN's there would be no effect on the value or price of the coin at all. It would simply mean the size of the JLTRADINGCOIN asset pool is larger; NAV (assets/coins) would still be the exact same as if there was only 100 JLTRADINGCOIN's.
Basically, this is not at all like the other crypto-coins out there which will devalue with inflation if they issue more coins.

JL

Like offering different risk packages with JLT coin?

I think it might get a bit complicated, especially if you have two sets of "clients" who are expecting returns. Lets say a long term trade doesn't pan out properly, but then the fewer short term trades make some headway- the people with stake in the longer-term trade might feel hard done by. Just a thought on possible outcomes....

Any other update with the original JLTcoin and dividends?

Reading through BobsSurplus pump and dump scheme it appears his group was responsible for the XST pump like I kind of figured.

Looking at volume signatures and price on XST there were definite signs of when his pump started and then the dump started....you can't camouflage a bunch of whales all buying and selling an illiquid crypto over the course of many days...

Anyhow, no need to pay his, IMO, exorbitant 'club' fee of 1 or 2 BTC he demands.... Just buy some JLCoins.
JL

Hi , I am confused, clearwallet is all empty, no buys/sells at all..
what did I miss...     erm   :-X I have my coins there and dunno what's going on .


cheers

Initially I have the targets in mind, which are typically previous recently-made close-by spike-up highs, followed by further out spike-up highs further in the past on volume.
If, however, the position has a ridiculously high amount of volume in its rise, like higher volume than has been seen in the recent past, I stick it out and wait for a sell signal to form in the form of red volume candles following large green candle spike-ups.
If you look at the calls I made in XC, VRC and CLOAK you can see the large red volume candles which developed after large green candles. The large red candles were essentially the whale-pumpers finishing getting out of the position while the newbie traders were buying in large amounts at the precise wrong time. During that time you also see the sentiment on the BCT forum for the coin suddenly turn into 'we're the next Bitcoin' and other ridiculously bullish sentiments.  
It's very much an art-form if the position has this kind of momentum whereas the initial target is pretty scientific and simple. Hopefully this all makes sense.

JL

Initially I have the targets in mind, which are typically previous recently-made close-by spike-up highs, followed by further out spike-up highs further in the past on volume.
If, however, the position has a ridiculously high amount of volume in its rise, like higher volume than has been seen in the recent past, I stick it out and wait for a sell signal to form in the form of red volume candles following large green candle spike-ups.
If you look at the calls I made in XC, VRC and CLOAK you can see the large red volume candles which developed after large green candles. The large red candles were essentially the whale-pumpers finishing getting out of the position while the newbie traders were buying in large amounts at the precise wrong time. During that time you also see the sentiment on the BCT forum for the coin suddenly turn into 'we're the next Bitcoin' and other ridiculously bullish sentiments.  
It's very much an art-form if the position has this kind of momentum whereas the initial target is pretty scientific and simple. Hopefully this all makes sense.

JL

DISTRIBUTION ALERT: JUST SENT OUT .13428269 VIA per JLTRADINGCOIN due to a profitable trade. Please check your Clearwallet to confirm this transaction.

I am still in a large chunk of this trade but will release full details when the trade is through.

Before this distribution, Net Asset Value was at 1.335. This distribution represented .1 of NAV so now NAV stands at 1.235 at Clearwallet (1.235 VIA buys you 1 JLCOIN).

JL

Nice numbers! Nothing wrong with taking profits. Looking forward to see if i get free carried on my initial purchase of JLCOIN.

Sent out .062843 BTC per 1 JLTRADINGCOIN on the CounterWallet platform.
NAV there at CounterWallet was at 1.07 but will now be at 1.01 after this distribution (in other words, VIA dropping in value these past 2 weeks caused the JLTRADINGCOINs at Clearwallet to have a nice bump up higher in NAV due to exchange rate of VIA dropping).

I am also opening up the JLTRADINGCOIN's at the CounterWallet platform for purchase at a NAV of 1.01 if anyone would like to purchase additional JLTRADINGCOINs.
Unfortunately, Clearwallet is still buggy when it comes to order-matching so all purchases must be done on CounterWallet with BTC for now.
JL

Weird, blockchain shows it (https://blockchain.info/address/15JPMEVaYsiQ4bizvoxwsn2ijweYPWNVqL). Is it there now? Did it take awhile?

Doesn't look like btcdrak has fixed the ClearWallet order matching yet because I don't see these 10,000 JL Coins for sale on the JLTRADINGCOIN order book still. Not cool.

JL

Edit: NAV is getting volatile, so I'm taking down JL Coin sells for now until things chill out.

DISTRIBUTION ALERT: JUST SENT OUT .13428269 VIA per JLTRADINGCOIN due to a profitable trade. Please check your Clearwallet to confirm this transaction.

I am still in a large chunk of this trade but will release full details when the trade is through.

Before this distribution, Net Asset Value was at 1.335. This distribution represented .1 of NAV so now NAV stands at 1.235 at Clearwallet (1.235 VIA buys you 1 JLCOIN).

JL

Hi everyone,

As you know I'm in London with Peter Todd. There's a lot going on and it's hard to communicate much like I used to. Having lots of meetings and making lots of new connections. Peter and Amir were guest speakers on the Ethereum panel. It was a nice experience with a nice crowd. Seems quite a few people have heard of Viacoin which was interesting for me. In any case I'm going to be in London until at least Wednesday and therefore not as active as I would like online. We've also got a lot of work to do but I'll at least tweet occasionally from @viacoin and @btcdrak and if possible write something in this thread.

There are some pretty epic developments in terms of technology and things we can explore with viacoin. Looks like there are some more really interesting OP codes to add to the scripting language for viacoin. The blockchain notary code is done, but I still need to merge this in. I obviously need some quality time to do so.

Anyway, have a nice weekend.

Drak

JLTRADINGCOIN NAV on Clearwallet at 1.60 VIA per 1 JL Coin; NAV on CounterWallet is 1.3 BTC per 1 JL Coin.
So things are looking great. I'm going to try yet again to put up coins for sale on Counterwallet at that 1.3 BTC per 1 JL Coin price now to see if there's any new buyers.

Edit: Clearwallet continues to have bugs and not displaying orders. I'm considering sending back all VIA principal and profits and shutting down the coin on Clearwallet if this continues.

JL

Sigh, wanted to buy more at 1.1 NAV and again at 1.3 NAV but I can't. It keeps going up, which is great, but missing out on your good trades is leaving a sour taste in my mouth with ClearingHouse-as the first real asset created using XCH I was hoping drak would have tried to sort this out sooner since it sets the tone for future people who might want to issue assets.

Has Drak communicated with you personally at all during this issue?

I have sent out full and final distributions on the JLTRADINGCOIN out. ClearWallet folks received over 1.5 VIA for every 1 JLTRADINGCOIN while Counterwallet received 1.43 BTC for every 1 JLTRADINGCOIN.
Here are the trade confirms:
http://i1070.photobucket.com/albums/u492/JesseLivermore/Bittrex3_zps89069953.png
http://i1070.photobucket.com/albums/u492/JesseLivermore/Bittrex2_zpsc18ece93.png
http://i1070.photobucket.com/albums/u492/JesseLivermore/bittrex4_zps652f322a.png
http://i1070.photobucket.com/albums/u492/JesseLivermore/DRKtrades1_zps662b0386.png
http://i1070.photobucket.com/albums/u492/JesseLivermore/DRKtrades2_zps8c35e890.png
http://i1070.photobucket.com/albums/u492/JesseLivermore/DRKtrades3_zpsf1babecf.png


Overall I loaded up on DRK in the lower-.006 and upper .005-range 2 weeks ago, got a little over-eager to do distributions and catch the top and then eventually sold them all off last night in the .009 range.
I think DRK will spike-up and then correct in a large manner here followed by a consolidation and I feel this is full distribution is the appropriate move right now.

Since this was a full distribution, I will close the JLTRADINGCOIN for good and startup a new "JLCOIN" on CounterWallet and ClearWallet and we will start from scratch at a NAV of 1.0.

I also plan on doing a full-on 'ANN' post to get more attention on this and really get some large deposits to trade with and shutting down this forum in a couple days.

For now, I will post the new JLCOIN's for sale at a NAV of 1.0 this afternoon and start this mother up again.

JL