Speaking of coins to watch, Quebecoin (QBC) is starting to wake up. I'm a bagholder who bought some at the IPO price and watched it sink as the original dev seemed to no longer know what he was doing. When QBC hits its low, I was nursing something like a 97% loss on it. After being patient with the original dev, the core members of the Community - Quebecois francophones, thankfully - finally lost their patience and took over the coin. They've issued a new wallet to invalidate Quebecoin's original airdrop 50% premine.
This team, I sized up as both committed and competent. So, being a bagholder but someone who had confidence in the team who took Quebecoin over, I sent 0.5 BTC t Bittrex to buy more. My plan was to average down, withdraw the coins and sit on them for some months while I watched the new team do their thing.
The Bittrex market is here, by the way:
https://bittrex.com/Market/Index?MarketName=BTC-QBCI originally placed my big bid at 700 satoshis, expecting that it would be slowly filled (by miners) at that same price. My bid was well above the earlier low bid, but a bit below the ask. I decided on 700 to see what would happen - and I was braced for the entire order to be filled in one shot by a disappointed bagholder, seeing my 700 bid as an exit pass to get out of QBC at a substantially higher bid price than beforehand. A bagholder who sized me up as an accommodating sucker giving him an opportunity to dump his bag at a nice price.
[Yeah, I'm somewhat used to being sandbagged by bagholders in that way...]
What really happened surprised me. I actually got into a kind of footrace, upping my bid in tiny increments so as to stay at the top of the bid stack. Right now, my bid is at 803 satoshis - only one satoshi higher than an equally substantial second bid - and it's barely been filled. That 803 is well above the high ask that prevailed at the time I bid at 700. I'm now wondering if I could have saved money simply by buying at the ask, but that's likely to be untrue: the ask stack is thin and has big gaps percentage-wise.
Since I'm a proven failure with "paint the tape" would-be pumper games, the only answer can be that I've jumped in at the right time. The community revival of Quebecoin is being noticed and turning it around from bear trend to bull trend.
I'm somewhat arguing against my immediate interest with this report, as a large majority of my bid is unfilled, but I did send in that 0.5 BTC in part to see what would happen.
https://bittrex.com/Market/Index?MarketName=BTC-QBCThe new Quebecoin, now in the hands of a new and responsible dev team after a community takeover; the 'airdrop' premine is gone. I suggest y'all keep an eye on it...
EDIT/UPDATE: The durn thing got away from me. Twice, I waited for a pullback: the second, I waited for after upping to 805. Both times, QBC bottomed out above my price. So, my last up-the-bid was to 1100 satoshis, where I've finally got more. Now, the current ask is 1200.
My fault for being a blabbermouth, I guess. At least I got 13,000 QBC at 803 or below.
