[ANN][WOLF] Project WOLF

[daniklo]

very much fun this week

[thesamson]

Wow - all over the map today!

[thesamson]

Wow - 84 BTC sell order just went up? http://take.ms/62p3L

Is the Wolf playing with his purchased WOLF at this point as well?

[ap3311]

Wow - 84 BTC sell order just went up? http://take.ms/62p3L

Is the Wolf playing with his purchased WOLF at this point as well?

Yes. He is buying and selling this week.

[Zeegeuze]

Is it over? No movement for a long time now... I hoped the dev would continue until midnight: made some nice profit already

[hammer1]

No, dev still has BTC left, probably between 10-15.

[Zeegeuze]

Imagine him starting again in one hour! That would be really fun! And insane :-D l leaving my sell orders...

[capsized]

Nah, seems dev didn't go for a quick relief this time.

There was about 125K WOLF in the market when IS started, now still 72K.
Dev bought cheaper this Sunday for sure, so I guess he still has about 30-40 BTC left to spend...

[hammer1]

Don't look at volume, because the Dev skews it --- he has sell walls up of wolf he's already bought back. All I know is that there are about 22 BTC in buy walls up right now.

[Zeegeuze]

Normally he's also informing when he's finished, so he might start again later .

[Philll90]

Seems like it's over for this sunday, isn't it?

[InsanityDev]

Done: 83,328.15395436 WOLF 

I'll update with full stats and trade list shortly.

[domtasc3]

Woot Woot... Increased my Wolf holdings 62% today

[InsanityDev]

Woot Woot... Increased my Wolf holdings 62% today

Great, I hoped some people would get considerably higher percentages by actively trading, compared to those who just placed and order and sat on it.

Can anybody think of a reason why I shouldn't open the wolf supply early / now instead of tomorrow am?

[hammer1]

Jealous, only got mine up by 25%...

[illiki23]

Woot Woot... Increased my Wolf holdings 62% today

Great, I hoped some people would get considerably higher percentages by actively trading, compared to those who just placed and order and sat on it.

Can anybody think of a reason why I shouldn't open the wolf supply early / now instead of tomorrow am?

I think it adds dynamics not opening until tomorrow.

After each event there is a dip as bagholders are trying to get rid of coins, one generally gets good deals on Sunday after the event.

The price did not go back up to normal for a few days leading to less people buying from the dev and more people buying on the market for that window.  I would assume that less coins were sold because of this.

Although I guess it does not matter that much if there is a pressing reason to open buying again.

[InsanityDev]

Can anybody think of a reason why I shouldn't open the wolf supply early / now instead of tomorrow am?

I think it adds dynamics not opening until tomorrow.

After each event there is a dip as bagholders are trying to get rid of coins, one generally gets good deals on Sunday after the event.

The price did not go back up to normal for a few days leading to less people buying from the dev and more people buying on the market for that window.  I would assume that less coins were sold because of this.

Although I guess it does not matter that much if there is a pressing reason to open buying again.

Good reason, and no, no pressing reason to reopen buying early 10:00 tomorrow it is.

[mmihai1978]

i'm up 12% on 0.7 BTC.

i would like to hear some volumes to match these nice increases mentioned above. I would not risk 10 btc in repeated trading; exit may be really difficult, unless lucky.

To be stuck with wolf bought higher than 0.001 is not my idea of fun, unless i am the dev; and i am not the dev.

[InsanityDev]

Insanity Sunday - Week 3 Results

Summary

• Total Pot: 100 BTC
• Total Acquired: 83,328.15395436 WOLF
• Percentage Acquired Back: 83.328% of WOLF sold.
• Average Price: 10.052% over base (0.00110052 BTC)
• Maximum Price: 17.5% over base (0.001175 BTC)
• Minimum Price: 0% over base (0.001 BTC)
• Max Reported Profit: 62% by actively trading (others may have achieved higher)
• Trade List: http://5.9.111.71/results/w3/trades.csv

Coin Destruction
Total to Destroy: 83,328.15395436 WOLF

• -75752.8672312 http://5.9.111.71:2750/block/e1f1b5334fc8d0066b97c36fad9759550dd18f99bb19f78c62388a7b1a68680f
• -7575.19581403 http://5.9.111.71:2750/block/10361b42b6f90205cad789234a4ec8e2497042f5e499965e9e8c3d6aed0ba2e7
• -0.09090909 http://5.9.111.71:2750/block/39262801717d39a8a821689b90958f581e70dc231a72d2a02ade5af716db54d2
• Total Destroyed: 83328.15395432

A Note on Projection
At the current rate, we can assume that by week 7 the wolf supply will be empty, and 640,000 coins will have been destroyed. (120k by tx fees, 520k by insanity sundays).
More than 100,000 coins are held by long term holders, meaning the amount in circulation and being traded should be around 260k by the end of week 7. (1m-640k-100k).
In other words at the current rates, it looks like we'll have a market of 260k coins when the supply is empty, with 3x 100 btc bumps, no price reset, and an open market.
Remember all the coins bought in those final weeks will also be destroyed, although I expect to get no where near the average 79k once the supply is empty!
It would be very interesting to see some suggested projections of what the market may look like over those final three weeks before the swap to long term coin settings.

Interesting. Thanks to everybody who took part in this weeks insanity sunday.

WOLF supply opens 10:00 Monday, BTC Pot is ~60 for next week already

[mmihai1978]

everything depends on what happens after week 9, if something at all.

otherwise, it will be a game of musical chairs.