[BTCD] BitcoinDark speculation

[tclo]

Komodo (KMD) is a new crypto coin that is buit on Zcash Zero Knowledge proofs:

https://komodoplatform.com/

https://bitcointalk.org/index.php?topic=1605144.0

They did an ICO and going to start to distribute coins soon, but you can also swap BitcoinDark (BTCD) for KMD in a few weeks at the rate of 50 KMD per 1 BTCD.  

So could be a runup in BTCD in anticipation of this once KMD launches if the exchange rate is favorable.  BTCD is already up about 20% today on Poloniex, although the volume is pretty low.

You can also get a bonus coin called REV if you have BTCD in an off exchange wallet by the time they announce the official swap.  However you can swap BTCD for KMD anytime next year.  Yes, it's a bit confusing but bottom line is that could be a time to buy BTCD for a big bounce.

Here is link to more info and way to download the QT wallet for BTCD:

http://bitcoindark.com/

[criptix]

Did you visited the moon in the past 2 months?

Your theory is wrong just saying.

[tclo]

Did you visited the moon in the past 2 months?

Your theory is wrong just saying.

My "theory"?  I don't have a theory.  Your reading comprehension is very poor, and so is your lazy post that says nothing.   

But I did some math and turns out that you get about 30% more KMD now from buying BTCD and swapping it than if you bought KMD with BTC on the last day of the ICO.

Anyway, have fun sitting on the sidelines.

[criptix]

So what would describe this as?
Not a theory? An opinion based on hopes of a pump?

[BTCD] BitcoinDark runup for upcoming KMD swap

You could always buy kmd cheaper through btcd before and after the ico.

The bonus even increased after the ico which means there was not much interest in buying btcd at all.
Also the volume dried up nearly completely.


Have fun losing money - not necessary from kmd, but looking how you research stuff you are destined to get rekt.


Btw. I have a shit ton of btcd.

[thebatletbet]

i want to ask is komodo dev and bitcoindark dev
is same or not,because  i think bitcoindark can big advantage is can swap to komodo coin
can incraese volume transaction and incraese price

[tclo]

i want to ask is komodo dev and bitcoindark dev
is same or not,because  i think bitcoindark can big advantage is can swap to komodo coin
can incraese volume transaction and incraese price

Yes, many of the devs are the same and they are describing KMD as BTCD 2.0.

http://bitcoindark.com/

[tclo]

So what would describe this as?
Not a theory? An opinion based on hopes of a pump?

[BTCD] BitcoinDark runup for upcoming KMD swap

You could always buy kmd cheaper through btcd before and after the ico.

The bonus even increased after the ico which means there was not much interest in buying btcd at all.
Also the volume dried up nearly completely.


Have fun losing money - not necessary from kmd, but looking how you research stuff you are destined to get rekt.


Btw. I have a shit ton of btcd.

It's not a theory, but an assessment of the probabilities going forward of BTCD getting pumped higher by those who want to get in on KMD.   Right now almost no one has heard of KMD.  I just heard about it recently myself.

And you are right that my research with it has been a bit lazy and lacking.  But read a good amount about it today.  If you have a "shit ton" of BTCD, then you basically agree with me that KMD has potential and BTCD is the way in right now.

There were many months/years when no one cared about XMR either, so lack of current interest in BTCD doesn't mean much.  I gave up on XMR just about a month too early and then it caught fire and the rest is history.   KMD may not be as successful as XMR or maybe it will be moreso, but it's a good bet at this point and BTCD is the smart money way in at the moment.

[criptix]

It is fine. But better not expect too much.
The volume available for a whale is hard to get with the current order books but the swap will go on for one whole year.
There is some food for though.

[tclo]

I suppose we won't know if BTCD is a true bargain until KMD starts trading and we can see what the relative price is, considering we know that swap ratio will be approximately 50 KMD per BTCD.   

But it is a calculated risk and if KMD is successful and the market view sit favorably, then BTCD will move up with KMD price.  And buying it for less than the ICO price seems like a good bet to make.

But time will tell and I still say it's likely that when KMD developers announce the "snapshot", then over the following week, there will be even more buying of BTCD.

[tclo]

FAQ[ regarding Komodo (KMD), BitcoinDark (BTCD), Snapshot, Revenue Asset, Swap and Notary Node Elections:

[/b]

[tclo]

BTCD has dropped back down about 6% in USD terms.  However, it's still a highly speculative, but potentially highly profitable buy, because of the upcoming "snapshot" and then the option to swap for KMD at the rate of 50 KMD for 1 BTCD.

Here is more info from the KMD developers:

"
I'll try to clear out all the uncertainty & misunderstandings

We try to swap all BTCD there exist throughout 1 full year. If someone has BTCD it can be swapped, no matter when it is bought. You could buy BTCD 6 months from now and swap it for KMD.

BTCD Snapshot to get REVS

 - The snapshot is not related to BTCD swap.
 - The snapshot is to get an additional asset called REVS.
 - The privatekeys are used to redeem the asset.
 - The snapshot has not happened yet!
 - to participate the BTCD can be stored either in a BTCD address under your control, or in our ICO site

BTCD Swap to get KMD

 - has nothing to do with the snapshot
 - is done through the ICO site
 - lasts 1 full year
 - swapped BTCD ends up to our account, where it is publicly visible (nothing will happen to the swapped BTCD)
 - hopefully every single BTCD coin will get swapped during the year

Schedule

 - ICO site accepts BTCD
 - 7 days after that BTCD snapshot happens & the swapping begins
 - Elections begin, and last 2 weeks
 - Elections are over, elected notary nodes will get ratified, KMD will be distributed

The conclusion

If you buy BTCD it can be swapped at any time. To also receive the REVS asset you need to have a privatekey that contained BTCD during the snapshot. BTCD swap and snapshot are two separate things.

During the year BTCD can be swapped for KMD with the exchange rate we announced: 1 BTCD = 50.448 KMD (However the exchange rate decreases slightly throughout the year because BTCD staking expands the supply)
"

[tclo]

I have been watching and trading BTCD lately, and I view it as obviously the only way to buy/trade KMD at the moment.  Because of course one can trade 1 BTC for 50.4488 KMD.  So current market price of KMD right now is effectively  .000069357 BTC or $0.07117.    Of course when KMD itself hits the exchanges, it won't be exactly that price, but this is the best we can do right now.

The only exchange trading BTCD with any volume at all is Poloniex.  The price has moved up on there recently in USD terms, but fallen a bit in BTC terms. 

Right now there are a couple of sell walls at about .0036 BTC and will be interesting to see if those are pulled or eaten away. I hope they are still there when BTCD swap date is announced exactly to see what happens at that point.  There isn't that much bid support for BTCD at Polo, but can't see that it will drop much more, considering that would just make for some bargain KMD that would get bought up and price would rise again.

Anyway, looking forward to KMD launch, but would rather the Devs take their time and do it right than rush out something that isn't ready.

[tclo]

KMD is getting closer to launch.  Apparently the ICO site is working now and soon they will start to accept BTCD for conversion and start distributing KMD.   

There was 53 BTC volume on Poloniex over the last 24 hrs. That is the most in months, I believe.  So things seem to be heating up.  I've bought about all the BTCD I can handle at this point, but may add a little more if I get a crazy good bargain on a dip.  But the current ask is still something like half of the ICO price for KMD, once you convert it. 

Anyway the opportunity is still here and will be clearer once KMD starts trading on some exchanges.

[tclo]

Ok I'm going to do a recap of BTC/BTCD/KMD current rates for everyone and because, I'm curious to run the numbers myself.  And of course because this is basically the way to indirectly buy KMD early right now.

Current BTCD Price (Poloniex):  .00330 BTCD/BTC

Current BTC/BTCD ratio: 303.03 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate: 50.4488 : 1 (amount of KMD you will get for each BTCD that you swap on ICO site)

KMD/BTC ICO rate: 7746.522 : 1 (amount of KMD you got for 1 BTC at the end of ICO with no bonus)

KMD/BTC current ratio: 15287.515 (amount of KMD you get for 1 BTC worth of BTCD at current price on Poloniex)

Current extra KMD via BTCD: +7540.993 KMD or +97.34% extra (relative to ICO KMD/BTC rate at the end of ICO with no bonus)

So bottom line, at current prices, you get nearly twice the amount of KMD that you would have at the end of the ICO.  I'm still surprised that the BTCD price is not, higher but that will probably change before long.

The price could nearly double from here to .0065123 BTCD/BTC and you would still get the same amount of KMD per BTC spent as you did during the end of the ICO.  (and of course BTC price is much higher now, so you must take that into account as well and that is exaggerating the current extra amount you get, in USD terms).

If i made mistakes in the math here, someone please correct me.  

[tclo]

BTCD price has been creeping up on Poloniex today.  Right now there is just 1.44 BTC worth at an ask of .00360 and then there isn't a sizeable ask until .00400 so someone may want to grab that while they can. .0036 still gets you 85% more KMD after the swap than the end of the ICO.

[tclo]

BTCD price is rising quickly now that the BTCD  KMD swap has officially begun.. 
 
Now that the BTCD --> KMD Swap has started, the demand for BTCD has really risen on Poloniex.  The price is up to .00430 on heavy volume.

Remember that .006512 is equivalent to the ICO price, so still plenty more room to run up to near that level.

Current BTCD Price (Poloniex):  .00430 BTCD/BTC

Current BTC/BTCD rate: 232.56 : 1 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate: 50.42041779: 1 (amount of KMD you will get for 1 BTCD that you swap on ICO site)

KMD/BTC current rate: 11725.679 (amount of KMD you get for 1 BTC worth of BTCD at current price on Poloniex)

KMD/BTC ICO rate: 7746.522 : 1 (amount of KMD you got for 1 BTC at the end of ICO with no bonus)

Current extra KMD via BTCD: +3979.157 KMD or +51.37% extra (relative to ICO KMD/BTC rate at the end of ICO with no bonus)

So at current prices, you get much more KMD that you would have gotten at the end of the ICO.

The price could rise sharply from here to .006512 BTCD/BTC and you would still get the same amount of KMD. per BTC spent, as during the final phase of the ICO.

The swap has begun for KMD, so once you buy the BTCD, move them to the Komodo IC:   https://ico.komodoplatform.com/ or keep them in your own personal wallet:  http://bitcoindark.com/to the Komodo IC:   https://ico.komodoplatform.com/ or keep them in your own personal wallet:  http://bitcoindark.com/

Request that KMD be added to Poloniex here:   https://poloniex.com/coinRequest

[thepo1m]

BTCD price has been creeping up on Poloniex today.  Right now there is just 1.44 BTC worth at an ask of .00360 and then there isn't a sizeable ask until .00400 so someone may want to grab that while they can. .0036 still gets you 85% more KMD after the swap than the end of the ICO.

I very sure the price will go down once the hype surrounding the swap  die down the way NXT did. Also note that the swap is for a year and the price of KMD when it hit exchange will determine the price movement

[tclo]

I very sure the price will go down once the hype surrounding the swap  die down the way NXT did. Also note that the swap is for a year and the price of KMD when it hit exchange will determine the price movement

So what is your point?  The point of speculation is to profit from price moves and I don't think you scan short BTCD.  It doesn't matter if it goes down months from now....this is about speculation, not long-term investing.

KMD Is not distributed until January 31st.  At that point you can speculate on KMD, but right now this thread is about profitting from BTCD price movements. And if you would have bought when the price was at .00310 less than a week ago and sold at .00425 today, that would be some impressive profits.


The point is to profit from the hype and BTCD still likely has farther to run up, because the ICO swap price was .00635. That is about 50% higher than we are at right now.

[tclo]

If you haven't already done so, be sure to request that KMD be added to Poloniex:

https://poloniex.com/coinRequest

Here are some answers to the questions on the form:

What is the name of the coin?
Komodo
 
What is the coin's symbol?
KMD
 
Please link to the announcement page.
https://bitcointalk.org/index.php?topic=1605144.3100
 
If the coin has a website, please link it here.
https://komodoplatform.com/
 
If the coin has a block explorer, please link it here.
https://kpx.io/
 
Please explain why you would like to see this coin added to the exchange.
KMD is a new anonymous crypto currency, built built on Zcash Zero Knowledge proofs and there is a great deal of interest in this coin.  Also there will be arbitrage between KMD and BTCD, so Poloniex will get double the commissions/fees.
 
If this coin has any significant innovations over other coins, please elaborate on them here.
Delayed Proof of work (DPow) is very innovative.

[topesis]

If you haven't already done so, be sure to request that KMD be added to Poloniex:

https://poloniex.com/coinRequest

Here are some answers to the questions on the form:

What is the name of the coin?
Komodo
 
What is the coin's symbol?
KMD
 
Please link to the announcement page.
https://bitcointalk.org/index.php?topic=1605144.3100
 
If the coin has a website, please link it here.
https://komodoplatform.com/
 
If the coin has a block explorer, please link it here.
https://kpx.io/
 
Please explain why you would like to see this coin added to the exchange.
KMD is a new anonymous crypto currency, built built on Zcash Zero Knowledge proofs and there is a great deal of interest in this coin.  Also there will be arbitrage between KMD and BTCD, so Poloniex will get double the commissions/fees.
 
If this coin has any significant innovations over other coins, please elaborate on them here.
Delayed Proof of work (DPow) is very innovative.

If Poloniex list this coin, we might experience another massive pump, Pascalcoin is one that benefited significantly from Poloniex listing. If this didn't happen in two weeks time, with all the influence supernet team has in Poloniex, I don't think it would be listed