[ANN][WOLF] Project WOLF

[daniklo]

cancel those stupidly low orders!

[InsanityDev]

cancel those stupidly low orders!

too late: 75,185.33554462 WOLF acquired [done]

starting to become very clear how whales make money

[mmihai1978]

what a great night, very good game! Next time forget the huge buy walls, you made someone very happy! (not me)

Insanity Dev - actually i am starting not to understand.

huge whales are actually driving the prices down, if what I see is right.
people are running all at once to the door!

[r0b1nuk]

cancel those stupidly low orders!

too late: 75,185.33554462 WOLF acquired [done]

starting to become very clear how whales make money

that buy pump was only 50k wolf

[flo_k]

too late: 75,185.33554462 WOLF acquired [done]

What are you waiting to finish?

[mmihai1978]

he's finished

[gtac01]

that is not the dev at .0007, pump is over, dump is starting.

[flo_k]

he's finished

You're right, I read 75.185 BTC

[thesamson]

cancel those stupidly low orders!

too late: 75,185.33554462 WOLF acquired [done]

starting to become very clear how whales make money

So no silence from 1800 - 2359? Buy is really done?

[Zeegeuze]

You mean the price went higher BEFORE the dev started buying then during trading??

[y3804]

You mean the price went higher BEFORE the dev started buying then during trading??

Dev controls the market price. We act accordingly to his sell/buy walls.

P.S. Sorry dev.

[mmihai1978]

not really.

i think dev bought at an average of 37 - 38%
max - 50%
min - 20%.

[InsanityDev]

Insanity Sunday - Week 2 Results

Summary

• Total Pot: 100 BTC
• Total Acquired: 75185.33554462 WOLF
• Percentage Acquired Back: 75.185% of WOLF sold.
• Average Price: 32.74% over base (0.00132739 BTC)
• Maximum Price: 43.7% over base (0.001437 BTC)
• Minimum Price: 10% over base (0.0011 BTC)
• Trade List: http://5.9.111.71/results/w2/trades.csv

Coin Destruction
Total to Destroy: 75185.33554462 WOLF

• -6834.84868587 http://5.9.111.71:2750/block/94b1679a8e9a26637cf4f62c752d4c694a04ac3c6e0ff6ca4d3642b12345f980
• -68348.48685874 http://5.9.111.71:2750/block/e0593b35f8fc6cda3083db07618916fe3250788712c6888bc6d4c24849d130e3
• Total Destroyed: 75183.3355446 (less poloniex withdrawal fees)

I'd like to thank everybody who took part in the second Insanity Sunday. Coin Supply opens at 10:00 UTC tomorrow for week three
BTC Pot for week 3 already full, on to week 4 now

I will always post as soon as I'm finished buying, keeps things fair, don't expect it so early every week though
remember things get very interesting when coin supply runs out, as no price reset or supply

[Zeegeuze]

What a difference with last week! Didn't sell any of my coins... Can't understand people putting their prices below the start price! Last week it went up to 0.00225, starting from the same rate of 0.0014.

[mmihai1978]

next week prices will be even lower.

i am even afraid to step back in.

i think insanity sunday should be insanity weekend, spread equally over the whole weekend.

it will bring much more uncertainty in the market and no more dumping in the dev walls.

[InsanityDev]

One comment this week, about whale handling:

If somebody is buying a large amount of x-coin, and they put up a sell wall, it is painfully obvious that they are just trying to get your coins off you cheaper. If I put up a sell wall, when you know I must buy as a fact, why would you move underneath it? Weak hands.

next weeks pot is full, primarily from an investor who is holding way past 9 weeks, week 4 pot is starting to fill
results from week 2: https://bitcointalk.org/index.php?topic=471166.msg5467732#msg5467732
supply reopens at 10:00 UTC monday

re-opening discussion on long term block chain parameters tomorrow, please comment: proposal and last post discussing.

[The One]

next week prices will be even lower.

i am even afraid to step back in.

i think insanity sunday should be insanity weekend, spread equally over the whole weekend.

it will bring much more uncertainty in the market and no more dumping in the dev walls.

If there are less coins - rarer - should price go up, assuming there is demand?

Problem is that as there are less coins, buying at .001 should go up every week according to the percentage of coins destroyed.

[mmihai1978]

because you have 100,000 wolves running to an exit, through a small door, and they don't care too much about the price, as long as it is above .001

the floor price is set, so it is a race to be the first. the behavior of sellers is 100% rational.

there can be no coordination between dozens of individuals and no collusion of prices on the sell side.

we may collude in buying below 0.001, but that's it.

[Blackblanco]

One comment this week, about whale handling:

If somebody is buying a large amount of x-coin, and they put up a sell wall, it is painfully obvious that they are just trying to get your coins off you cheaper. If I put up a sell wall, when you know I must buy as a fact, why would you move underneath it? Weak hands.

What He said ^

So glad for the existence of the weak.  Will make coin supply dwindle even faster.  Then game might not be so boring.

[InsanityDev]

If there are less coins - rarer - should price go up, assuming there is demand?

Problem is that as there are less coins, buying at .001 should go up every week according to the percentage of coins destroyed.

Tipping point for the coin is the week when supply is gone, then we just have a circa 500k coin economy which has a 100 BTC injection each week, for x weeks.

We are on target to hit that point fast, thanks to supply far outweighing demand (2x+), and weak hands (or maybe they are just growing wolf holdings!)