Bitcoin Forum
June 17, 2024, 12:40:38 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2]
21  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders on: February 19, 2014, 04:48:03 PM
For interests sake, if I executed the pot now, the price would go over 0.01 BTC per coin on market, and 5000+ WOLF destroyed

[back to pm's]

It is in traders interests to not place large sell orders until Sunday 18:00, and even later if they feel daring, so as to hide their strategy from the market and also reduce competition allowing them to set higher sell prices.
22  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders on: February 19, 2014, 04:36:10 PM
So, what is the process?

Let's say I want to invest.

I have to send BTC to a specific address and pm the OP with the transaction id? And then how will I get my WolfCoins? Is there a wallet?

Yes, pm dev, send BTC to address given, he sends the Insanitycoin.

Link to wallets are in the OP.

It should be noted though, that sending to a wallet and then sending to an exchange, as opposed to sending to an exchange directly, will reduce the WOLF amount by 10%.

Some may do this intentionally to reduce supply, but it should be out of choice, not because if a mistake.
23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders on: February 19, 2014, 09:12:53 AM
i don't see how this can ever really make money, someone will ALWAYS be left out of pocket.

If the value of the coin itself is ignored then then that occurs with all the other crypto currencies as well, including Bitcoin.

Also, WOLF seems to be more of a game than a currency, where the only objective and purpose is to make a profit.
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders on: February 19, 2014, 03:57:19 AM
The delay in buying WOLF here has raised buy orders on https://poloniex.com/exchange/btc_wolf to 0.0014 BTC. Disregarding volume, that's a potential profit of 40% for anyone who has already bought in.
25  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders on: February 19, 2014, 03:29:54 AM
The weekend according to which time zone?

Wouldn't a narrower time range be better, as people can be more prepared while still retaining fairness?

Over a weekend people have to sleep, but if a narrower range was used, for example, 00:00 to 06:00 GMT on Saturday, then people have more choice in whether they can be involved during the buy back.

It's easier to get up 6 hours early or sleep 6 hours later than it is to stay awake for up to 48 hours.
26  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][WOLF] InsanityCoin - destructive coin for investors and traders on: February 19, 2014, 03:03:45 AM
Max 900,000 coins are available at 0.001 BTC each.

Does the price given change every week, or stay the same?

Also, doesn't the fact that sellers will compete to have their coins be the ones that are bought back mean the exchange price will get dragged down to the price they bought at, or, if people get desperate, even lower?

EDIT: What time and date is the weekly buy back going to happen?
Pages: « 1 [2]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!