[ANN][WOLF] Project WOLF

[username here]

Wait there's a 10% Transaction FEE???

I just lost 0.3BTC. Fuck it, I'm putting a 2700 wolf sell order at 0.0011. Will remove before sunday if no buyers

Price   WOLF   BTC
0.00109999   2727   2.99967273

Wow you are actually doing it.  I'm amazed that you actually bought 3 BTC worth and are now going to sell it for zero profit.

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[InsanityDev]

Will there be a repricing after week one? Since much of the coins will be destroyed by then I think it's fair that OP's original price should move as well.

Thank you, but No.

One of the strengths of this coin is that supply diminishes whilst demand goes up, it becomes increasingly rare.

Fixed 0.001 pricing makes it far more likely that all coins will be purchased within the 9 weeks. Far more likely that some people will cycle through it for smaller profits. Far more likely that I can acquire and destroy more significant portions of the coin supply.

Consider this in 4.5 weeks time:
All the supply has been bought. ~250k coins have been bought back and destroyed, nobody can buy at 0.001 from me any more.
At this point we are in a situation where everybody knows that for the next 4-5 weeks 100 BTC per week of coin is going to be bought for sure. Meanwhile the coins in circulation is still reducing, the coin is added on coinmarketcap, and has had 4-5 weeks of solid exposure and discussion from you fellow traders. Do you imagine that coin going down over those weeks? Perhaps somebody will have xxK and dump them, but we know another 100 BTC order is coming.

Profits now are virtually guaranteed if you are at a lower price than the majority on a sunday. Major profits are not guaranteed, but are likely if you acquire and hold WOLF for longer. After those 9 weeks, anything can happen - I honestly have no idea.

Each trader has their own strategy, their own weaknesses, their own personal pressures, and will second guess themselves at some point as to when to hold, buy, and sell.

There is also the 24 week question, what will the price be. That, is the biggest question I have.

[y3804]

There you go. I've put a 3BTC wall at 0.00109999. The reason why is because I already lost 300 coins transferring 3000 WOLF to Poloniex (from my wallet).

If anyone wants a way to quickly purchase WOLF, go ahead.

Your investment will promote coin destruction!

(Will be removed before sunday)

[MsCollec]

I transferred 500 WOLF to the exchange since the past 6 hours, the transaction has not been confirmed. any help? i'm thinking of rescanning the wallet

[y3804]

I transferred 500 WOLF to the exchange since the past 6 hours, the transaction has not been confirmed. any help? i'm thinking of rescanning the wallet

Yeah, rescan, and if that doesn't work you're gonna delete the transaction with PyWallet

[InsanityDev]

I thought it only occurred when you bought from the IPO (aka directly from the OP, and he would destroy the coin himself.)

I'm really stupid, sometimes... oh well

Consider what you are doing. Those coins are guaranteed to be bought for 3 BTC on Sunday. You have not made a loss, even though 10% fee has been lost. You still hold 3 BTC worth.

Think of this scenario:
one person buys all 900k coins. there is now 900 BTC in the pot.
that person destroys 899k coins. there is now only 1k WOLF with a value of 900 BTC.
that person transfers the 1k to poloniex, they lose 10%.
now on poloniex there are 900 WOLF worth 900 BTC, that are gauranteed to be bought for 900 BTC.
1 wolf = 1 btc at that point.
the person who bought all the coins, has he lost anything?

I transferred 500 WOLF to the exchange since the past 6 hours, the transaction has not been confirmed. any help? i'm thinking of rescanning the wallet

Message poloniex support with the txid.

[y3804]

I transferred 500 WOLF to the exchange since the past 6 hours, the transaction has not been confirmed. any help? i'm thinking of rescanning the wallet

Did you disconnect your internet when doing the transaction?

[y3804]

I thought it only occurred when you bought from the IPO (aka directly from the OP, and he would destroy the coin himself.)

I'm really stupid, sometimes... oh well

Consider what you are doing. Those coins are guaranteed to be bought for 3 BTC on Sunday. You have not made a loss, even though 10% fee has been lost. You still hold 3 BTC worth.

Think of this scenario:
one person buys all 900k coins. there is now 900 BTC in the pot.
that person destroys 899k coins. there is now only 1k WOLF with a value of 900 BTC.
that person transfers the 1k to poloniex, they lose 10%.
now on poloniex there are 900 WOLF worth 900 BTC, that are gauranteed to be bought for 900 BTC.
1 wolf = 1 btc at that point.
the person who bought all the coins, has he lost anything?

I transferred 500 WOLF to the exchange since the past 6 hours, the transaction has not been confirmed. any help? i'm thinking of rescanning the wallet

Message poloniex support with the txid.

They're not worth 3BTC unless you sell all your coins at 0.001. What's the current pot size?

[MsCollec]

I transferred 500 WOLF to the exchange since the past 6 hours, the transaction has not been confirmed. any help? i'm thinking of rescanning the wallet

Yeah, rescan, and if that doesn't work you're gonna delete the transaction with PyWallet

Rescanning works,i have my full balance back in the wallet.

[InsanityDev]

They're not worth 3BTC unless you sell all your coins at 0.001. What's the current pot size?

33+ and growing. If I executed the purchase now, the price would go over 0.01 per WOLF.

[MsCollec]

They're not worth 3BTC unless you sell all your coins at 0.001. What's the current pot size?

33+ and growing. If I executed the purchase now, the price would go over 0.01 per WOLF.

hehehe, i'm still planing to buy more but the current method of purchase sucks due to the wait time, can't you use automated escrow service instead

[y3804]

They're not worth 3BTC unless you sell all your coins at 0.001. What's the current pot size?

33+ and growing. If I executed the purchase now, the price would go over 0.01 per WOLF.

Yet people could buy the coins from you for 0.001...

And by Sunday I bet we'll see huge sell orders near 0.0011...

[InsanityDev]

hehehe, i'm still planing to buy more but the current method of purchase sucks due to the wait time, can't you use automated escrow service instead

I'm considering creating an automated system for it - specifying it as we speak.

Wait time is pretty much zero during GMT 10:00 to 00:00, outside of that I'm asleep, apologies. Usual nuances of eating, speaking to family, nipping to the shop etc.

y3804, let's hope so, I'd love to see orders that low. please do read my previous replies regarding multi week strategy.

[Jengo]

InsanityDev I did sent you a PM 10 hours ago and didn't recieved an answer yet.
I wanna join the fun too! 

[y3804]

hehehe, i'm still planing to buy more but the current method of purchase sucks due to the wait time, can't you use automated escrow service instead

I'm considering creating an automated system for it - specifying it as we speak.

Wait time is pretty much zero during GMT 10:00 to 00:00, outside of that I'm asleep, apologies. Usual nuances of eating, speaking to family, nipping to the shop etc.

y3804, let's hope so, I'd love to see orders that low. please do read my previous replies regarding multi week strategy.

As long as your IPO isn't complete, ANY amount above 0.001 is going to be a profit. Some people will sell for 5% profit, 10%, 50%.. but obviously the most greedy will be left with their coins..

That's why putting a 3BTC sell order right now is absolutely safe. Who knows? Maybe a whale holding 10K WOLF is going to sell them for 0.00105 and buy more from you next monday. Still a 5% profit.

I can't even sell my coins at 0.0011. Some cunt is automatically selling 33.3333 WOLF below my order. Sell order removed for now

[luigi1111]

hehehe, i'm still planing to buy more but the current method of purchase sucks due to the wait time, can't you use automated escrow service instead

I'm considering creating an automated system for it - specifying it as we speak.

Wait time is pretty much zero during GMT 10:00 to 00:00, outside of that I'm asleep, apologies. Usual nuances of eating, speaking to family, nipping to the shop etc.

y3804, let's hope so, I'd love to see orders that low. please do read my previous replies regarding multi week strategy.

As long as your IPO isn't complete, ANY amount above 0.001 is going to be a profit. Some people will sell for 5% profit, 10%, 50%.. but obviously the most greedy will be left with their coins..

That's why putting a 3BTC sell order right now is absolutely safe. Who knows? Maybe a whale holding 10K WOLF is going to sell them for 0.00105 and buy more from you next monday. Still a 5% profit.

I can't even sell my coins at 0.0011. Some cunt is automatically selling 33.3333 WOLF below my order. Sell order removed for now

LOL. Tons of 33.33333333 orders popping up. Sell book looks funny.

[InsanityDev]

hehehe, i'm still planing to buy more but the current method of purchase sucks due to the wait time, can't you use automated escrow service instead

I'm considering creating an automated system for it - specifying it as we speak.

Wait time is pretty much zero during GMT 10:00 to 00:00, outside of that I'm asleep, apologies. Usual nuances of eating, speaking to family, nipping to the shop etc.

y3804, let's hope so, I'd love to see orders that low. please do read my previous replies regarding multi week strategy.

As long as your IPO isn't complete, ANY amount above 0.001 is going to be a profit. Some people will sell for 5% profit, 10%, 50%.. but obviously the most greedy will be left with their coins..

That's why putting a 3BTC sell order right now is absolutely safe. Who knows? Maybe a whale holding 10K WOLF is going to sell them for 0.00105 and buy more from you next monday. Still a 5% profit.

I can't even sell my coins at 0.0011. Some cunt is automatically selling 33.3333 WOLF below my order. Sell order removed for now

I'm happy to buy them back and destroy them for your original 3 BTC (minus the tiny transfer fees).

[capsized]

I like that you really take an aggressive stance about destroying coins.
Keep that up.

Also how about some insane competitions?
Like a lottery where half of the pot will be destroyed.

[pineapples]

awesome

i've received my coins !! woot

[y3804]

hehehe, i'm still planing to buy more but the current method of purchase sucks due to the wait time, can't you use automated escrow service instead

I'm considering creating an automated system for it - specifying it as we speak.

Wait time is pretty much zero during GMT 10:00 to 00:00, outside of that I'm asleep, apologies. Usual nuances of eating, speaking to family, nipping to the shop etc.

y3804, let's hope so, I'd love to see orders that low. please do read my previous replies regarding multi week strategy.

As long as your IPO isn't complete, ANY amount above 0.001 is going to be a profit. Some people will sell for 5% profit, 10%, 50%.. but obviously the most greedy will be left with their coins..

That's why putting a 3BTC sell order right now is absolutely safe. Who knows? Maybe a whale holding 10K WOLF is going to sell them for 0.00105 and buy more from you next monday. Still a 5% profit.

I can't even sell my coins at 0.0011. Some cunt is automatically selling 33.3333 WOLF below my order. Sell order removed for now

I'm happy to buy them back and destroy them for your original 3 BTC (minus the tiny transfer fees).

Why would you do that anyway? It's my loss, not yours.

Once I get my BTC back I'll buy more @ 0.001.

I have a 100 WOLF sell order @ 0.00109. Feel free to buy. Once the 100 are gone, I'll put 100 more, 25 times.

Edit: Those bots are willing to sell for less than 0.00109. FML