InsanityDev (OP)
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February 20, 2014, 07:15:04 PM Last edit: February 20, 2014, 07:32:01 PM by InsanityDev |
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is there any limit each week buy from you at 0.001 BTC?
No, each person can buy anything up to all remaining coins in any given week. There is of course hard limit that there are only max 900k coins purchasable over the full 9 weeks. (~858k now) The only limit is that each weeks pot can only be 100 BTC max (other than week 9), people can still buy more in any week though, it simply means the funds go in to the next pot which is not already full. Here is the current situation: Week 1 Pot: 42 BTC+ Week 2-9 Pots: 0 Suppose somebody buys 200 BTC now, then the pots will look like this: Week 1 Pot: 100 BTC Week 2 Pot: 100 BTC Week 3 Pot: 42 BTC Weeks 4-9 Pot: 0 The one special case is the pot on week 9. Consider a scenario where 50 BTC is bought this week, 75 the next, and 100 in all subsequent weeks, there will still be (50+25) 75 BTC worth of WOLF available during that time, which if bought would make week 9 a jackpot sized pot of 175 BTC. Hope that explains. I also hope that by circa week 4-6 all the pots are full, and all wolf is bought, that will make for a very interesting months trading.
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marvingateway
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February 20, 2014, 07:22:05 PM |
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is there any limit each week buy from you at 0.001 BTC?
Yes, its limited! You can only buy the remaining coins. Since the dev has already sold a few, these are of course no longer have. So if you have about 800 BTC, then you can still easily add this to the coins. So no matter when you want buying coins, as long as the dev has what, you only pay 0.001 BTC for one coin. Interesting is the matter only if the dev has no more coins to sell. Incidentally , at 8 weeks there are no more coins to buy from the dev. All coins that were not previously sold by the dev will be automatically destroyed.
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BlackMarket
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February 20, 2014, 07:33:16 PM |
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is there any limit each week buy from you at 0.001 BTC?
Yes, its limited! You can only buy the remaining coins. Since the dev has already sold a few, these are of course no longer have. So if you have about 800 BTC, then you can still easily add this to the coins. So no matter when you want buying coins, as long as the dev has what, you only pay 0.001 BTC for one coin. Interesting is the matter only if the dev has no more coins to sell. Incidentally , at 8 weeks there are no more coins to buy from the dev. All coins that were not previously sold by the dev will be automatically destroyed. I just imagine if someone buy all this coin now
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marvingateway
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February 20, 2014, 07:37:46 PM |
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is there any limit each week buy from you at 0.001 BTC?
Yes, its limited! You can only buy the remaining coins. Since the dev has already sold a few, these are of course no longer have. So if you have about 800 BTC, then you can still easily add this to the coins. So no matter when you want buying coins, as long as the dev has what, you only pay 0.001 BTC for one coin. Interesting is the matter only if the dev has no more coins to sell. Incidentally , at 8 weeks there are no more coins to buy from the dev. All coins that were not previously sold by the dev will be automatically destroyed. I just imagine if someone buy all this coin now But it's possible!
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kino
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February 20, 2014, 08:05:10 PM |
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seriously? HUGE sell wall at 0.02
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COMM WALLET: CeujLVHAZ96gG3U91cENhWdSxN89qfkrnn
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InsanityDev (OP)
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February 20, 2014, 08:35:03 PM |
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I just imagine if someone buy all this coin now But it's possible! And I hope it doesn't happen, it is exceptionally unlikely. There are roughly 40 holders that I have sold to currently, and no doubt several I don't know who've bought on market. Ideally we'll have slow exponential growth with more holders, less coins, higher per coin value, all growing steadily over multiple weeks. This will make the most level playing field, the healthiest market, and the most interesting game. Ideally something like this (excuse the quality, I just rushed it out): n.b. this is in no way a plan, reflective of price, going to happen, all btc value prices are fictional, do not represent the prices on insanity sundays or anything at all, it's wild speculation on what could happen, and what would be better than one entity buying most of the coins - it is however roughly viable
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marvingateway
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February 20, 2014, 08:53:40 PM |
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Hi, InsanityDev,
I still have a few questions for my personaly strategy in this "GAME".
Ok, let's start:
Q1: In the following 9 weeks, every Sunday between 18:00 and 24:00 UTC (GMT) you must buy back as many coins as you can (max. for 100BTC/week) ? Is that correct so?
Q2: When you buy back the coins, only the amount of all from you buybacked coins are counted ?
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InsanityDev (OP)
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February 20, 2014, 09:10:05 PM |
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Q1: In the following 9 weeks, every Sunday between 18:00 and 24:00 UTC (GMT) you must buy back as many coins as you can (max. for 100BTC/week) ? Is that correct so?
Correct, I will spend roughly 6 hours trying to acquire as many WOLF coins as possible in a wildly fluctuating market, using every approach I can. Q2: When you buy back the coins, only the amount of all from you buybacked coins are counted ?
Please reword, I'm not sure I understand. All of the WOLF I manage to acquire on a sunday, will be destroyed. Every trade I made during the 18:00-24:00 time period will be posted here, as a screen shot, and as a csv so it can be analysed.
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marvingateway
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February 20, 2014, 09:26:59 PM Last edit: February 20, 2014, 09:52:10 PM by marvingateway |
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Q1: In the following 9 weeks, every Sunday between 18:00 and 24:00 UTC (GMT) you must buy back as many coins as you can (max. for 100BTC/week) ? Is that correct so?
Correct, I will spend roughly 6 hours trying to acquire as many WOLF coins as possible in a wildly fluctuating market, using every approach I can. Q2: When you buy back the coins, only the amount of all from you buybacked coins are counted ?
Please reword, I'm not sure I understand. All of the WOLF I manage to acquire on a sunday, will be destroyed. Every trade I made during the 18:00-24:00 time period will be posted here, as a screen shot, and as a csv so it can be analysed. I know, my english is one only catastrophe! Ok, i will explain: For example the pot is 100 BTC. It's Sunday, 23:58, an you have bought at this time (with a lot of luck) an amount of 89991 coins for 0.0010001 BTC/each. for the next coins you can buy, you must pay as example 11 BTC/each. You must buy this coin, or a part of them? The POT is realy not empty from buying the 89991 coins. Or can you say: I cant buy this coin completely, while this is more as i have in the POT?Simply : Your interest is to buy as many coins as possible to the lowest possible price, with the POT must be empty at 24:00. You have a lot of work on Sunday, good Luck!
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InsanityDev (OP)
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February 20, 2014, 09:50:14 PM |
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All of the WOLF I manage to acquire on a sunday, will be destroyed.
Every trade I made during the 18:00-24:00 time period will be posted here, as a screen shot, and as a csv so it can be analysed.
I know, my english is one only catastrophe! Ok, i will explain: For example the pot is 100 BTC. It's Sunday, 23:58, an you have bought at this time (with a lot of luck) an amount of 89991 coins for 0.0010001 BTC/each. for the next coins you can buy, you must pay as example 11 BTC/each. You must buy this coin, or a part of them? The POT is realy not empty from buying the 89991 coins. Or can you say: I cant buy this coin completely, while this is more as i have in the POT? You have a lot of work on Sunday, good Luck! If I buy 89991 coins at 0.001, then BTC pot will have 10 BTC left. If it is 23:58 and I still have 10 BTC, then I will have to buy at whatever the lowest price is until all BTC is gone. However, do not think I will be the only one with BTC buying WOLF. The supply stops at 12:00, people will trade for 6 hours before I get to the market. After I finish, there is still 10 hours before supply at 0.001 starts again. Also, I may be done in 5 minutes, or 5 hours, depending on my approach that day. I may start at 18:00, I may start at 22:00. If you see a 10 BTC buy order, it may be another trader trying to lift the price. Sunday will be fun, I'm genuinely excited.
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Pompobit
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February 20, 2014, 09:52:51 PM |
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sorry I didn't read all the 12 pages.
The pot address is public?
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marvingateway
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February 20, 2014, 09:57:24 PM |
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Thanks for the answers, my strategy is ready now!
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InsanityDev (OP)
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February 20, 2014, 09:57:47 PM |
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sorry I didn't read all the 12 pages.
The pot address is public?
Yes, it's on the ANN 1B5XfuPZZesYMMLZFhpeHAX9NaRLnEJkDh. Additionally 5 BTC is in Poloniex already, and 1NE1JaypCmFRnuc8JVzyRXzBEjeHmnCu5S is the change address used so far. The pot stands at ~42.23 BTC.
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mmihai1978
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February 20, 2014, 10:05:22 PM |
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Thanks for the answers, my strategy is ready now!
pls share your strategy so we could duplicate it
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marvingateway
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February 20, 2014, 10:36:05 PM |
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Thanks for the answers, my strategy is ready now!
pls share your strategy so we could duplicate it It's very simple: First: the Dev shall have no more coins , which he can sell for 0,001. Thats very important!!! Secondly: The only what you definitely can rely, is the greed of the people for quick profit. They will sell you everything for only 5% profit. This is true for approximately 80% of people The only important thing for these peoples is to make a profit as quickly as possible , be it ever so small. Third: You buy (if possible) just before the buyback is started, every coin, there is cheaper than 0.1 BTC. So you drift the price already at an acceptable level (very high profit). The Dev has to buy until the pot is empty, whether he wants to or not. The Problem for the Dev is, he gets no lots of cheap coins more. Very simple!
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edok
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February 20, 2014, 10:40:07 PM |
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marvingateway
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February 20, 2014, 10:53:34 PM |
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Very good strategy! Particularly when the Dev destroys the remaining Coins after 9 weeks because he could'nt sell all!
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BlackMarket
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February 20, 2014, 10:59:21 PM |
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I just imagine if someone buy all this coin now But it's possible! And I hope it doesn't happen, it is exceptionally unlikely. There are roughly 40 holders that I have sold to currently, and no doubt several I don't know who've bought on market. Ideally we'll have slow exponential growth with more holders, less coins, higher per coin value, all growing steadily over multiple weeks. This will make the most level playing field, the healthiest market, and the most interesting game. Ideally something like this (excuse the quality, I just rushed it out): n.b. this is in no way a plan, reflective of price, going to happen, all btc value prices are fictional, do not represent the prices on insanity sundays or anything at all, it's wild speculation on what could happen, and what would be better than one entity buying most of the coins - it is however roughly viableSo this game will better with more players, right? how if we make subreddit or thread in cryptsy, and let people know about this coin and maybe they will join and buy some WOLF.
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InsanityDev (OP)
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February 20, 2014, 11:05:08 PM |
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So this game will better with more players, right? how if we make subreddit or thread in cryptsy, and let people know about this coin and maybe they will join and buy some WOLF.
Feel free to make whatever you like, tell whoever you like, etc. If you feel evangelical about WOLF then evangelise. Cryptsy thread, if you like.. some of the staff have already bought a small amount of WOLF each, so they're definitely aware. Subreddit would be good, primarily to discuss results of each week, discuss strategies, or whatever.
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mmihai1978
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February 20, 2014, 11:09:07 PM |
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so what if there is one person left after let's say 15 weeks holding all coins remaining aka the ultimate bagholder? there should be a prize or something also - why the pot is limited to 100 btc per week? what happens with the excess, if any?
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