[ANN][WOLF] Project WOLF

[y3804]

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.

+1. Now there's over 100k of bag holders.

I predict the market rate to crash below 0.001.

Supply vs demand (none)..

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[The One]

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!)

I see your point.

When you have less coins every week, the buy in price should go up. .001 to .00105 to .0011. If i had 10 Playstation left to sell and 500 customers, i would put up the prices.

[JTB800]

I agree with most of the comments above. For everyone that was unable to get out (me, for one!), the lower the price that everyone else got out at the better. 75,000 coins destroyed this week is amazing. I am sure that we all figured the price would be lower than last week, but I for one, didn't think it would be this low.

This is an interesting game!

[The One]

Was watching the whole thing. Wasn't much fun really. Huge buy in one or 2 goes by the look of it.

I would have used 10 BTC for each hour from 6pm to 10 pm. i would have used the troll box to sort of tease the buyers and sellers. I.E "no buying of wolf until all the coins below .0013 are removed." - it would make sellers think, is it a bluff, stay or move?? Something to inject some excitement in the 'game'.

[mmihai1978]

again, main reason is the strict timing of the Dev buy.

Because he has given so very precise indication (day, hour, time) everyone is ready to exit then.

if he would have bought the coin on a more uncertain schedule, price, on average, on go significantly higher, much closer to what everyone believes to be the correct value. in this case, weak hands will remove themselves.

PS: when my sell order went through it was very fun, so "disagree". .

[InsanityDev]

Was watching the whole thing. Wasn't much fun really. Huge buy in one or 2 goes by the look of it.

I would have used 10 BTC for each hour from 6pm to 10 pm. i would have used the troll box to sort of tease the buyers and sellers. I.E "no buying of wolf until all the coins below .0013 are removed." - it would make sellers think, is it a bluff, stay or move?? Something to inject some excitement in the 'game'.

Agree, next week perhaps. In retrospect, boring.

again, main reason is the strict timing of the Dev buy.

Because he has given so very precise indication (day, hour, time) everyone is ready to exit then.

if he would have bought the coin on a more uncertain schedule, price, on average, on go significantly higher, much closer to what everyone believes to be the correct value. in this case, weak hands will remove themselves.

PS: when my sell order went through it was very fun, so "disagree". D.

Agree, ask the quoted man above you why we have a fixed time. It started that I could just buy whenever as a surprise.

[mmihai1978]

if you could do it over several days it would add even more uncertainty.

it would also force every seller to show their hand (and real greed)  with limit orders.


later edit: wolf "broke the buck", ie first trade below 0.001

2014-03-02 19:34:28   Sell   0.00099   88.94207064   0.08805264

[InsanityDev]

Decision
I want to change this back over two weeks to how it was.

Week 3
I will be buying and selling, making whale moves in both directions, and the spread will change up and down over several hours. Those playing will make the most money for the week by buying and selling, and focussing what I, the whale, am doing. Expect no huge bumps, just a volatile market where active traders will make profit... obviously a fair chunk of buy orders will be filled in the process though.

Week 4 - Supply End
The time will change from a fixed 6 hours, to me trading with the pot at any time whilst the supply is closed. 12:00 Sunday to 10:00 Monday.

Supply End - Week 9
Bump, at a random time each weekend, 100 BTC will buy up the book in a single order as high as it will go.

I've changed parameters based on feedback several times, it's made the game more boring, getting back to roots now

[mmihai1978]

that's more like it, although not many of us are active traders!

maybe i missed it, but you did change Insanity Sunday rules between OP and today? I guess i missed it

PS. I just bought wolf @ 0.0009899.

[The One]

6 pm to 11.59 pm is 6 hours.......need at least 3 hours of entertainment.

Imagine you were to bet on a horse for the Grand National, you didn't have TV or radio and stuck watching the odds moving up and down, would you call that exciting or would you rather watch it on TV. Staring at Poloniex was boring. The dev could drop teasers, hints, threats, etc in the trollbox which would keep us captivated.

[InsanityDev]

Imagine you were to bet on a horse for the Grand National, you didn't have TV or radio and stuck watching the odds moving up and down, would you call that exciting or would you rather watch it on TV. Staring at Poloniex was boring. The dev could drop teasers, hints, threats, etc in the trollbox which would keep us captivated.

Consider it done

that's more like it, although not many of us are active traders!

maybe i missed it, but you did change Insanity Sunday rules between OP and today? I guess i missed it

PS. I just bought wolf @ 0.0009899.

yes - especially (a) fixed time, and (b) no sell orders... both based on feedback/requests from The_One

[The One]

that's more like it, although not many of us are active traders!

maybe i missed it, but you did change Insanity Sunday rules between OP and today? I guess i missed it

PS. I just bought wolf @ 0.0009899.

I'm expecting the price to go low as .0009 as people will sell for a small loss and recoup it trading during the week before buying wolf again ready for next Sunday. It would make no sense leaving the sell orders up all week as it's 'dead money', when you could be using it as working capital to make money.

[mmihai1978]

yes - especially (a) fixed time, and (b) no sell orders... both based on feedback/requests from The_One

not the best decision ever. I can't understand why you met his requests immediately, but this is not a real question, anyway.  

however, even if more boring, this week was more efficient in terms of price achieved for buyback.

[luigi1111]

Decision
I want to change this back over two weeks to how it was.

Week 3
I will be buying and selling, making whale moves in both directions, and the spread will change up and down over several hours. Those playing will make the most money for the week by buying and selling, and focussing what I, the whale, am doing. Expect no huge bumps, just a volatile market where active traders will make profit... obviously a fair chunk of buy orders will be filled in the process though.

Week 4 - Supply End
The time will change from a fixed 6 hours, to me trading with the pot at any time whilst the supply is closed. 12:00 Sunday to 10:00 Monday.

Supply End - Week 9
Bump, at a random time each weekend, 100 BTC will buy up the book in a single order as high as it will go.

I've changed parameters based on feedback several times, it's made the game more boring, getting back to roots now

Thanks for this. I can't wait to have some more excitement, versus the whole thing being done in less than 30 minutes. Again, anything could happen after supply ends!

[WaffleMaster]

This is literally the best Ponzi scheme I've witnessed firsthand. MadoffCoin. Even 100 btc couldn't raise the price lol. What does that tell you? 100 btc in ANY altcoin and the price is through the roof. I think it's more fun to watch the ponzi than be in it, but you can definitely make money in this 100% manipulated coin exchange. Gotta be fast though! Good luck to all but never invest in ponzi

[domtasc3]

This is literally the best Ponzi scheme I've witnessed firsthand. MadoffCoin. Even 100 btc couldn't raise the price lol. What does that tell you? 100 btc in ANY altcoin and the price is through the roof. I think it's more fun to watch the ponzi than be in it, but you can definitely make money in this 100% manipulated coin exchange. Gotta be fast though! Good luck to all.

It tells you that everyone who just sold made 30 to 40% in one week.... With a guarantee that they can buy it all back and more for the next day at .001... This coin will obviously not move like a normal coin until week 10

[InsanityDev]

It tells you that everyone who just sold made 30 to 40% in one week.... With a guarantee that they can buy it all back and more for the next day at .001... This coin will obviously not move like a normal coin until week 10

n.b. until coin supply has ran out

[WaffleMaster]

It tells you that everyone who just sold made 30 to 40% in one week.... With a guarantee that they can buy it all back and more for the next day at .001... This coin will obviously not move like a normal coin until week 10

n.b. until coin supply has ran out

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme. EDIT: This doesn't look to be a fraud, though.

2nd Edit (4 years later): Hi anybody that clicked this because some butthurt throwaway of a guy who got negged from past posts is spamming

[illiki23]

This is literally the best Ponzi scheme I've witnessed firsthand. MadoffCoin. Even 100 btc couldn't raise the price lol. What does that tell you? 100 btc in ANY altcoin and the price is through the roof. I think it's more fun to watch the ponzi than be in it, but you can definitely make money in this 100% manipulated coin exchange. Gotta be fast though! Good luck to all.

*sigh*

I don't think you understand the idea of insanity sunday.  The purpose is not for the dev to 'pump' the coin to make it shoot up, but rather the opposite - to get as much insanity coin as possible.

I think this is the same guy who complained for like an hour on poloniex that it was a scam because the dev was unable to get the price to go up.

[domtasc3]

It tells you that everyone who just sold made 30 to 40% in one week.... With a guarantee that they can buy it all back and more for the next day at .001... This coin will obviously not move like a normal coin until week 10

n.b. until coin supply has ran out

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.

Dev.. yeah sorry that's what I meant...

Waffle you obviously didn't read the main post in the forum... it is CLEARLY explained how it works, and how the "game" is played. It is going exactly how it was explained.  No surprises here and we already know how and when supply runs out, what happens if they aren't all sold... etc... This is not a shady ponzi scheme with a false promise of ridiculous return from new investors... Quit trolling and buy some more WOLF.