[DVC]DevCoin - Official Thread - Moderated

[smeagol]

I say we host the blockchain on devcoin.org so users won't have to wait.

[Bittzy78]

I say we host the blockchain on devcoin.org so users won't have to wait.

I absolutely agree. There should be a section dedicated to what the blockchain is and how it works along with a simple interface for people to enter their wallet address or transaction #.

The Devcoin.org website is really starting to come together but it really should be a one stop shop for all things Devcoin...

If a Blockchain was added along with a page for the media (and a Devcoin point-of-contact) and possibly a future blog.. People could know what Devcoin is and what it is about, all on one website.

It might be interesting to have a page that lists every time Devcoin has been mentioned in the media as well.

~2 cents~

 

[silvercardbank]

I say we host the blockchain on devcoin.org so users won't have to wait.

i it was not slow to show up it was there showing when asked the 1st time the second time i looked it had been removed .

[silvercardbank]

Dear jasont4671,

I went to the Short Link: http://darkgamex.ch:2751/a/1FJUMRwS7L ............ and it did open this time, and it is showing that I have 6 DevCoin deposits......but my account is only showing 3 deposits, for a total of 15 Devcoins......you are right something is odd....... I will check again later........

[Hunterbunter]

Hi,
I was wondering why DVC value is going down so much, now very close to DOGE.

No telling why..

You could have a penny stock company worth $50,000,000 with only 2.5 million shares outstanding lose half its value in a matter of days, for no reason other than pure speculation.

 This is a cryptocurrency and is only backed by the good graces of the people that hold the currency, not a company with hard assets. If people think it is worth more than the current price, it will go back up. If people think it is worth less than the current price, it will continue to go down.

The main thing to remember is, the market is always right, even if people think it is wrong.

There is nothing to prevent Devcoin from being in the $0.01 to $0.05 range in the future as long as the Devcoin economy grows...

Worrying about the daily up and down prices will only give you an ulcer.

As a side note Dogecoin has a trading volume that microcap companies dream of. I just checked on Crypsy and the Volume for DOGE/BTC is 571 BTC  (roughly $450,000) and DODE/LTC is 1833 LTC (roughly $40,000)... Egads Man!!!!

Pretty much this.

Dogecoin has some pretty good marketing for what it is. I'm seeing it mentioned in reddit a lot.

[Athanasios Motok]

Hi,
I was wondering why DVC value is going down so much, now very close to DOGE.

No telling why..

You could have a penny stock company worth $50,000,000 with only 2.5 million shares outstanding lose half its value in a matter of days, for no reason other than pure speculation.

 This is a cryptocurrency and is only backed by the good graces of the people that hold the currency, not a company with hard assets. If people think it is worth more than the current price, it will go back up. If people think it is worth less than the current price, it will continue to go down.

The main thing to remember is, the market is always right, even if people think it is wrong.

There is nothing to prevent Devcoin from being in the $0.01 to $0.05 range in the future as long as the Devcoin economy grows...

Worrying about the daily up and down prices will only give you an ulcer.

As a side note Dogecoin has a trading volume that microcap companies dream of. I just checked on Crypsy and the Volume for DOGE/BTC is 571 BTC  (roughly $450,000) and DODE/LTC is 1833 LTC (roughly $40,000)... Egads Man!!!!

Pretty much this.

Dogecoin has some pretty good marketing for what it is. I'm seeing it mentioned in reddit a lot.

So you guys think if we could all get devcoin more popular and have it mentioned on more social sites that the value will rise?
-AM

[sidhujag]

Hi,
I was wondering why DVC value is going down so much, now very close to DOGE.

No telling why..

You could have a penny stock company worth $50,000,000 with only 2.5 million shares outstanding lose half its value in a matter of days, for no reason other than pure speculation.

 This is a cryptocurrency and is only backed by the good graces of the people that hold the currency, not a company with hard assets. If people think it is worth more than the current price, it will go back up. If people think it is worth less than the current price, it will continue to go down.

The main thing to remember is, the market is always right, even if people think it is wrong.

There is nothing to prevent Devcoin from being in the $0.01 to $0.05 range in the future as long as the Devcoin economy grows...

Worrying about the daily up and down prices will only give you an ulcer.

As a side note Dogecoin has a trading volume that microcap companies dream of. I just checked on Crypsy and the Volume for DOGE/BTC is 571 BTC  (roughly $450,000) and DODE/LTC is 1833 LTC (roughly $40,000)... Egads Man!!!!

Pretty much this.

Dogecoin has some pretty good marketing for what it is. I'm seeing it mentioned in reddit a lot.

So you guys think if we could all get devcoin more popular and have it mentioned on more social sites that the value will rise?
-AM

Ofcourse... the more people know the more people willbe intrigued especially with the idea that Devcoin stands behind.

[markm]

The value tends to drift down and down and down as people blindly dump it instead of setting a specific price they want to wait for before selling it.

That seems to be the main normal activity, people dumping it.

Then from time to time someone comes along who cannot be bothered to simply place a bunch of lowball buy offers and wait for all the dumpers to gradually sell to those cheap offers, instead they just buy however many million they want, driving the price over 300 or nearly to 300 or over 200 or, last time around, up to 193 Satoshis.

Then the constant endless blind dumping gradually sends it down again until next time around.

DeVCoin are not low price right now really, they are actually high price, since they used to be hovering around 30 Satoshis while bitcoins were worth only $100 or less. Right now the price is still way up above 30 Satoshis despite bitcoins being worth $800+

Until it gets down to 30 or less it is not low at all, it is maybe still on its way down unless we have stacked up a huge enough pile of buy orders this tiem around to keep it getting that low this time around.

Basically pick the price you want for your coins and place a sell order there. Usually it used to take less than several months before someone would buy them. Last time around there was months of low prices before finally someone came along and bought all sell offers way up through 193. But not, that time over 200 like had happened in the past, let alone up over 300 as also happened once upon a time. (Back when bitcoins were worth 1/10th or less what they are worth now... That 193 Satoshis was recent, bitcoins were worth a lot, so that 193 Satoshi recent price was way way higher real price than back when they once went over 300 Satoshis...)

Basically dumpers dump all the time, it is going on constantly, but big buys seem to be seasonal or cyclical or something, they happen then they go away sometimes for months.

Once Devtome has to buy DeVCoins to pay authors with, the authors dumping will maybe in effect be dumping them cheap to their employer, Devtome, who will be buying them with advertising revenues...

The main reason the price takes so long to go back down after a spike is probably mostly the fact that almost all the bitcoins the high price buyers pay me for DeVCoins I pile back up on the buy side to slow down the rate at which the price falls back down. But I only have as many bitcoins as the high-rollers paid so eventually my pile of buy offers gets eroded.

-MarkM-

[weisoq]

i it was not slow to show up it was there showing when asked the 1st time the second time i looked it had been removed .

I'm not getting it? The short link you provided didn't work for me either but the explorer shows the transactions:
http://d.evco.in/abe/address/1FJUMRwS7LoZsyxnujir3uzjs3EEwEY2Tp

You sure it's not the receiver address issue again?

[unclejed613]

The value tends to drift down and down and down as people blindly dump it instead of setting a specific price they want to wait for before selling it.

That seems to be the main normal activity, people dumping it.

Then from time to time someone comes along who cannot be bothered to simply place a bunch of lowball buy offers and wait for all the dumpers to gradually sell to those cheap offers, instead they just buy however many million they want, driving the price over 300 or nearly to 300 or over 200 or, last time around, up to 193 Satoshis.

Then the constant endless blind dumping gradually sends it down again until next time around.

DeVCoin are not low price right now really, they are actually high price, since they used to be hovering around 30 Satoshis while bitcoins were worth only $100 or less. Right now the price is still way up above 30 Satoshis despite bitcoins being worth $800+

Until it gets down to 30 or less it is not low at all, it is maybe still on its way down unless we have stacked up a huge enough pile of buy orders this tiem around to keep it getting that low this time around.

Basically pick the price you want for your coins and place a sell order there. Usually it used to take less than several months before someone would buy them. Last time around there was months of low prices before finally someone came along and bought all sell offers way up through 193. But not, that time over 200 like had happened in the past, let alone up over 300 as also happened once upon a time. (Back when bitcoins were worth 1/10th or less what they are worth now... That 193 Satoshis was recent, bitcoins were worth a lot, so that 193 Satoshi recent price was way way higher real price than back when they once went over 300 Satoshis...)

Basically dumpers dump all the time, it is going on constantly, but big buys seem to be seasonal or cyclical or something, they happen then they go away sometimes for months.

Once Devtome has to buy DeVCoins to pay authors with, the authors dumping will maybe in effect be dumping them cheap to their employer, Devtome, who will be buying them with advertising revenues...

The main reason the price takes so long to go back down after a spike is probably mostly the fact that almost all the bitcoins the high price buyers pay me for DeVCoins I pile back up on the buy side to slow down the rate at which the price falls back down. But I only have as many bitcoins as the high-rollers paid so eventually my pile of buy offers gets eroded.

-MarkM-

thanks, you jogged my memory.... it's been 10 years since i did any stock trading..... i forgot about sell orders... Moderator question... in my article on Devtome, is there any way i can give MarkM a percentage of anything i get for the article because he jogged my memory, or would it be better to have a "gentleman's agreement" that i pay him something for his help?

[Athanasios Motok]

The value tends to drift down and down and down as people blindly dump it instead of setting a specific price they want to wait for before selling it.

That seems to be the main normal activity, people dumping it.

Then from time to time someone comes along who cannot be bothered to simply place a bunch of lowball buy offers and wait for all the dumpers to gradually sell to those cheap offers, instead they just buy however many million they want, driving the price over 300 or nearly to 300 or over 200 or, last time around, up to 193 Satoshis.

Then the constant endless blind dumping gradually sends it down again until next time around.

DeVCoin are not low price right now really, they are actually high price, since they used to be hovering around 30 Satoshis while bitcoins were worth only $100 or less. Right now the price is still way up above 30 Satoshis despite bitcoins being worth $800+

Until it gets down to 30 or less it is not low at all, it is maybe still on its way down unless we have stacked up a huge enough pile of buy orders this tiem around to keep it getting that low this time around.

Basically pick the price you want for your coins and place a sell order there. Usually it used to take less than several months before someone would buy them. Last time around there was months of low prices before finally someone came along and bought all sell offers way up through 193. But not, that time over 200 like had happened in the past, let alone up over 300 as also happened once upon a time. (Back when bitcoins were worth 1/10th or less what they are worth now... That 193 Satoshis was recent, bitcoins were worth a lot, so that 193 Satoshi recent price was way way higher real price than back when they once went over 300 Satoshis...)

Basically dumpers dump all the time, it is going on constantly, but big buys seem to be seasonal or cyclical or something, they happen then they go away sometimes for months.

Once Devtome has to buy DeVCoins to pay authors with, the authors dumping will maybe in effect be dumping them cheap to their employer, Devtome, who will be buying them with advertising revenues...

The main reason the price takes so long to go back down after a spike is probably mostly the fact that almost all the bitcoins the high price buyers pay me for DeVCoins I pile back up on the buy side to slow down the rate at which the price falls back down. But I only have as many bitcoins as the high-rollers paid so eventually my pile of buy offers gets eroded.

-MarkM-

Do you believe it is a good investment to buy a few million devcoins while low and then wait until they get to be heigh? How long until you predict they rise over 100 Satoshis again, or is it too hard to tell?
Thanks,
-AM

[Athanasios Motok]

Another question I have... Is VirCurEx the only trading platform featuring devcoin? Is it the best?
Thanks,
-AM

[eeh]

There's crypto-trade and Tagcash (I can't get into it though) and Cryptsy (against LTC)

[markm]

I am constantly buying low and selling high, I have offers at every satoshi of price both up and down, when I buy some I put them for sale higher and when I sell some I place a buy offer lower.

The goal is eventually to have a huge enough pile of buy offers that it could buy up all existing DeVCoins, thus assuring each and every one of them is worth at least one Satoshi.

Then to keep building too, so all are worth at least two Satoshis, all are worth at least 3 Satoshis and so on...

-MarkM-

[iluveunc]

I am currently working on an exchange with low fees (less than 1/3 cryptsy) that will trade DVC/BTC. Let me know if you are looking for some info - we will be looking for investors soon once the site it up for touring.

[sidhujag]

When will devtome be forced to buy devcoins to supply the dumpers?

[eeh]

When will devtome be forced to buy devcoins to supply the dumpers?

Place your orders low, my man. And then wait for them to run out of content.

[sidhujag]

When will devtome be forced to buy devcoins to supply the dumpers?

Place your orders low, my man. And then wait for them to run out of content.

lol I still dont get why devtome is given shares when it is a bounty project.. I guess if there was
nothing else to spend on we could have made another devtome but maybr something to do with useful sourcecode.. if we gave more precedence to source we would get better output as a whole...

Imagine the number of writers as developers instead.. we would have the best wallet softwares and probably some new features other coins dont have.

[Athanasios Motok]

I am constantly buying low and selling high, I have offers at every satoshi of price both up and down, when I buy some I put them for sale higher and when I sell some I place a buy offer lower.

The goal is eventually to have a huge enough pile of buy offers that it could buy up all existing DeVCoins, thus assuring each and every one of them is worth at least one Satoshi.

Then to keep building too, so all are worth at least two Satoshis, all are worth at least 3 Satoshis and so on...

-MarkM-

Ok thanks
-AM

[Athanasios Motok]

Have any of you noticed the 508 errors on devtome? It is something like limited space... Is this an issue?
-AM