[UNO] Unobtanium Info & Discussion - Merge Mine w/BTC! - Update NOW to qt 0.11.5

[UNO_owner]

hey people,

im a uno believer for quite a while now.
but i must say that im kinda troubled about the bot-trading on cryptsy (not sure about mintpal, because im not really trading there).
i believe most of the volume on cryptsy come from trading-bots and that makes it really hard to figure out if new ppl get interested in uno or just old folks that dont wanna leave a sinking (?) ship :/

The price is definitely being controlled by bots.  After carefully watching for the past month, I have a theory.  Someone is trying to buy every single UNO they can.

I'd bet a BTC it is Wolong.  He takes the price up to inspire interest near the halving and then slowly brings it back down to cause doubt and fear.  He's parked it around .006 for the last three days and puts large buy orders in the .005's.  High enough for those who bought near the lows to take a gain, and high enough for us long term holders to consider selling to be done with it.  Every volume spike above 10 on the graph is a real person making a market purchase/sale, or one who put their UNO in the bot's programmed range.  I've been trying to follow the massive spikes as they happen and about 75% of them are sells.

I have no idea how many he is trying to accumulate, but if my theory is right, I believe he has 17-20k UNOs or more.  Almost 10% of all the UNO in existence.  He *will* move the price up at some point when he has enough, or maybe when he shakes all the weak hands out of the market.  I can't imagine what his long term goal is - that seems like an absolutely massive amount of UNO to hold.  I guess the more that is off the market, the less he has to buy as the price moves up, but he'll never be able to cash out that amount.  Maybe he plans to sell it off exchange.

So, summary?  Yea, I'm not happy that the market seems to be at the whim of one person, even if that person will eventually make us long term holders wealthy... but without a flood of money into UNO by others, there is nothing that can be done about it.  I'm really impressed by that bot too.  I'd love to see the code.

There is also this, which I hesitate to share, since such things can be easily faked.  Take it with a grain of salt.  To me, it rings true and describes the market activity we are currently witnessing.  http://pastebin.com/sADSWK7Z

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[FallingKnife]

hey people,

im a uno believer for quite a while now.
but i must say that im kinda troubled about the bot-trading on cryptsy (not sure about mintpal, because im not really trading there).
i believe most of the volume on cryptsy come from trading-bots and that makes it really hard to figure out if new ppl get interested in uno or just old folks that dont wanna leave a sinking (?) ship :/

The price is definitely being controlled by bots.  After carefully watching for the past month, I have a theory.  Someone is trying to buy every single UNO they can.

I'd bet a BTC it is Wolong.  

There is also this, which I hesitate to share, since such things can be easily faked.  Take it with a grain of salt.  To me, it rings true and describes the market activity we are currently witnessing.  http://pastebin.com/sADSWK7Z

I don't know. I've read that pastebin post a few times. It just doesn't sound right. My gut says that post is fake (it is a "game of deception" afterall).  I think Wolong's gone.  He's not the only whale, but you don't need a Wolong size whale to move the small available supply of this coin. There are others that would love to buy up UNO.  There will only be 250k coins... it might be easy to get into 1k or even 2k coins, but above that, it's really hard to accumulate without dramatically forcing the price up.

My guess (and it's only a guess) is that someone (or several people) want UNO, and bots are a convenient way to buy coins on drops without showing your hand in the order book.

I've closed the spread using the bots a few times. It's not a big trick to lead them up. If you're willing to do the work on microtrades you can lead them up close to the sell price, and then spoon feed them small trades.

[UNO_owner]

My theory is based on several key pieces of evidence.  So, I'll just put them out there and let others decide what they want to believe.

Things I know:

1.  Wolong has a cryptsy bot that he used to manipulate UNO during the Feb pump.  It behaved the same as the one operating now.  He admitted it was his at one point.

2.  Wolong hadn't sold his UNO as of Feb 21 and proved it with this tweet.  https://twitter.com/GameOfDeception/status/436928387748081664 .  It was a wall over 4k.  I watched VERY carefully from this date forward and didn't see any obvious whale activity as the price slowly drifted back down to 008.  This tweet hinted he had even more UNO, but I didn't see proof.  https://twitter.com/GameOfDeception/status/436931508087955456

3.  The week before that pastebin came out there were some MASSIVE dumps of over 10k UNO at .008 down to .003 that wiped out the buy book.  This could have been Wolong I guess, but that doesn't make any sense.  He could have sold at the top, why wait until the very bottom?  Shortly after that two huge buy orders for a total of 18btc showed up in the mid 004s.  There were sold to within hours.  This I believe was Wolong buying up the developers dumps as indicated in the pastebin.

RE the bot, yea, I've been playing off it as well.  I've made almost .5 btc in the last month just playing the spread.  I've noticed others doing it too (very obviously - I've tried to be more subtle) so I certainly didn't mean to imply he is the only one buying.  I don't think that is true.  I'm sure others are buying and selling as well.  Maybe some are even holding long term like us.  But there is very little doubt in my mind that the last month has been him accumulating an ungodly amount of UNO.  I felt that way before the pastebin was leaked, it just solidified my opinion.

And yes, Wolong is playing the GameOfDeception, but two things...

1. The best lies are always based on the truth - as he has shown he understands that fact.  
2. He is egotistical as fuck and likes to brag which tips his hand.

Anyway, this is all just speculation obviously, but we all like to speculate, or we wouldn't be dabbling in crypto.

[cryptapus]

I have created a provably fair dice game:

http://cryptap.us/uno/dice

Note that the bets are quite limited at the moment due to my limited reserves. If you feel like donating to raise the limits you can find my UNO address at the bottom of the page.

If it eats you coins, PM me and if we can verify in the block chain I will refund.

Feedback is welcome.

I've added a coinbomb game to the above link. Please let me know of any issues.

Edit:
All dice games opened, limits raised.
More coinbomb games added.

[FallingKnife]

.

And yes, Wolong is playing the GameOfDeception, but two things...

1. The best lies are always based on the truth - as he has shown he understands that fact.  
2. He is egotistical as fuck and likes to brag which tips his hand.

Anyway, this is all just speculation obviously, but we all like to speculate, or we wouldn't be dabbling in crypto.

You're absolutely right on those  two points, and probably correct on the others as well. :-)

[rojan]

Had to cash Blackcoin profits in for more Unobtanium, Faircoin profits are next, then Zetacoin.  Went from short BTC to long BTC also.  UNO is steady.

[rojan]

So many altcoins, so few Unobtanium.

[learminer]

I am trading UNO on Mintpal, come on people and join the fun! 

Right now it feels like I am trading with myself, so little action. Mintpal is hands down the best echange there is right now and we need some volume to keep UNO listed. It is currently the lowest volume BTC market there, which is a shame as UNO is such a great coin.

[FallingKnife]

I am trading UNO on Mintpal, come on people and join the fun!  

Right now it feels like I am trading with myself, so little action. Mintpal is hands down the best echange there is right now and we need some volume to keep UNO listed. It is currently the lowest volume BTC market there, which is a shame as UNO is such a great coin.

I'm there! Bought some at 0056 over night. I try to cycle them through and close the spread when I can. Need to have the market ready for buyers. I try keep at least 200 coins over there, but people buy 'em up and move out (probably to Cryptopus' dice game)!  :-)

[FallingKnife]

AllCrypt has informed me that their new UNO market has gone live today!!  We're glad see UNO traded on another top US exchange. Congratulations to the community for voting up UNO, and thanks to the Allcrypt staff for the new market!

The UNO AllCrypt market includes pairs for UNO/BTC, UNO/DOGE and UNO/LTC.

I moved some coins over there today to help kick off the UNO/BTC pair. Would be helpful if could move a few of your own over there to help populate UNO/DOGE & UNO/LTC.

https://www.allcrypt.com/market?id=522

[vector.iso]

Mintpal is hands down the best echange there is right now

why do you say this?  What are the benefits of mintpal over other exchanges?

[FallingKnife]

The link to Bitcointalk on Unobtanium.io now points to this thread. That will help newcomers to UNO find us.  Thanks to icanprogram for the change.

[FallingKnife]

Had to cash Blackcoin profits in for more Unobtanium, Faircoin profits are next, then Zetacoin.  Went from short BTC to long BTC also.  UNO is steady.

That BC>UNO trade proved to be a shrewd move. Nice!

[learminer]

Mintpal is hands down the best echange there is right now

why do you say this?  What are the benefits of mintpal over other exchanges?

Fair question. tl;dr: personal tastes (UI), security, reliability, volume, traded coins

Mostly personal preference and experiences. I started trading on Cryptsy, but interesting new coins were missing, I had repeated performance issues and deposits/withdrawals would often take forever. So I started branching out and used all kinds of exchanges, most of them were pretty bad, many have since gone down or are in denial.

Then Mintpal opened and I immediately noticed those guys knew what they were doing - not some hobby project, but a real platform. Since then they've grown exponentially and I'm still happy. I've never encountered a serious issue. Deposits arrive and go out very fast, which is also a big plus. Its just overall the smoothest experience I've had with an exchange. Recent volume has been huge and in the end volume is important for an exchange and coins on there to thrive. That's why I think keeping UNO on there would be good.

I use and like several other exchanges (mostly Cryptsy, Poloniex and Bittrex) and am in no way affiliated with them, just want to give a thorough explanation to your question.

[learminer]

I am trading UNO on Mintpal, come on people and join the fun!  

Right now it feels like I am trading with myself, so little action. Mintpal is hands down the best echange there is right now and we need some volume to keep UNO listed. It is currently the lowest volume BTC market there, which is a shame as UNO is such a great coin.

I'm there! Bought some at 0056 over night. I try to cycle them through and close the spread when I can. Need to have the market ready for buyers. I try keep at least 200 coins over there, but people buy 'em up and move out (probably to Cryptopus' dice game)!  :-)

Cool, coins looking for new owners might get lucky then. But since the price is basically fixed at 0.6 ATM, its hard to actually get a good trade going. I noticed volume on Cryptsy has also dropped significantly (was over 10x as high only a short time back)...

[rojan]

I want to spend some Unobtanium on a product or service.  Where can I find merchants that accept UNO?

[Benefactor]

I want to spend some Unobtanium on a product or service.  Where can I find merchants that accept UNO?

You can go through the Store Directory on here for some:  https://www.coinpayments.net/index.php?cmd=home

There was also a purportedly reliable guy selling silver for UNO a while back.

There is that gambling site - not my thing, though.

Probably others, too.  You may even ask someone if they will accept it for whatever you want.  Likely someone already into BTC, of course, but you know what I mean....

[rojan]

[rojan]

I bought this T-Shirt for 8.32782200 UNO + 0.001 fee = 8.32882200 Unobtanium total from http://www.51attack.com/shop/unocoin-t-shirt/.

[learminer]

Trading this coin feels like a mexican standoff. Nobody wants to make the first move.

Its pretty obvious most UNO holders son't want to sell their coins this cheap, but:
A) either nobody wants them, or
B) people who want to buy them care very much about not raising price too fast and are very patient.

It feels strange trading in this market. Either the coin is dying, or it is preparing for something big... a high risk/reward scenario.