Vircurex Loop Hole!!!

[FinShaggy]

Right now you can buy Bitcoins for $125... Then you can sell 1 Bitcoin for 615,000 Devcoins. So lets do a low estimate, and pretend that number has dropped to 600,000.

So you sell your 1 Bitcoin for 600,000 Devcoins. Now, Devcoins/USD is 0.00024900 right now (soon it could be as high as .0004).

If you sell 600,000 DVC for .000249, which is 600,000 X .000249 = $149.00

So you can take $125 and turn it into $150 basically. And that's after estimating LOW, you can make more than that if you hurry.

If anyone has $300 USD on Vircurex and uses it to buy Devcoins, it will raise the value of devcoins to over .0004 which will DOUBLE the earnings when applying the system above.

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[Joerii]

One word. :

Trade volume.

...ok that's 2 words but you get the point.

[FinShaggy]

One word. :

Trade volume.

...ok that's 2 words but you get the point.

That's why I said "If you hurry".

[Panth]

One word. :

Trade volume.

...ok that's 2 words but you get the point.

Three words: What Joerii said

[TheButterZone]

http://www.youtube.com/watch?v=-ZxHAZChcYU

[gnomicide]

Thanks OP, I just did this and now have infinite money!

[FinShaggy]

Thanks OP, I just did this and now have infinite money!

See, told ya

[FinShaggy]

Right now is an even BETTER time for this. You can get SOOOOO many Devcoins for your bitcoin right now But the USD price is steady.

[TheSwede75]

Thanks OP, I just did this and now have infinite money!

See, told ya

Stop scam promoting devcoin to idiots. You are not helping, but rather helping destroy a coin that is meant to be traded and 'mined' by creating actual projects.

[jimhsu]

That's like markets 101. Bid ask spread is inversely proportional to trade volume. Usually.

[FinShaggy]

Thanks OP, I just did this and now have infinite money!

See, told ya

Stop scam promoting devcoin to idiots. You are not helping, but rather helping destroy a coin that is meant to be traded and 'mined' by creating actual projects.

There are actual projects being created, who do you think is selling the coins?
I don't have any, so it's probably the people that have been writing for the past few months.

They are either selling coins because they are scared like you about all the post that are talking about Devcoin (I just have to get paid in June and all these threads become real projects), allowing people with money to invest.

Or they are trying to get money to fund projects themselves, so they are selling their coins, which is also allowing people to invest.

Yesterday there was only 7,000,000 coins for sale, today there is 18,000,000 for sale. Something is happening, but with prices so low right now it's a GREAT time to invest.

[BitJohn]

Did anyone actually do this?

[FinShaggy]

1. The threads that are specifically about Devcoin are going to help people find Devcoin on Google and on Accident for the next year and onward, and become involved in the projects in the threads as the develop.

2. The cheaper the DVC gets, the more people can afford them, which just makes them easier to get to EVERYONE. And the more people have them the more people will want to do things with them. We are opening a DVC store soon, and once other people open stores and things like that, DVC will jump in value. All it takes is application.

[FinShaggy]

Did anyone actually do this?

I've been doing it, I had 100,000 DVC on Vircurex to start and I have 300,000 now

And $1.99  USD leftover.

[weisoq]

No he's right fin, as are those pointing out your misunderstanding of markets. Please give it a rest, this is not what devcoin is about.

[FinShaggy]

No he's right fin, as are those pointing out your misunderstanding of markets. Please give it a rest, this is not what devcoin is about.

I am not misunderstanding, and I never said it was what Devcoin is about. Devcoin is meant to fund development and art, and I am producing both and allowing other people to become involved.

I am just getting bad reception right now because I am broke, just wait till Devtome actually pays out and these projects will be lifting off.

And I wouldn't be starting my own projects if you guys had more to latch on to. There must be people with hundreds of millions of devcoins that aren't doing anything with them, devcoin has been out for a year and I have hardly been able to find anything on Google about it. I'm just making it easier for people to find Devcoin and start their own stuff.

I'm starting a website that pays in devcoin for post and tons of stuff like that. It's already up and running and I've been asking people to post, I just have to get paid.