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

[natmccoy]

Okay, I signed up & sent an e-mail to Yunbi. I tried to keep it short and sweet; a request to be added, a little info, and a link to the Chinese unobtanium website.


BitcoinNational: I find it interesting how you said that we'll "cycle back into show of support mode when the time is right". Is this part of your plan, are you aware of how others in this community tend to trade, or are you basing that off of past experience? Do you mean that support will appear when the price goes lower/higher (obviously it will, if people are willing to sell at 0.004 there will be a lot of buyers, and if we go on another bull run there will be major volume) or are you implying that it's more of a visual thing with large walls to show support?

Buy-side has been rather thin lately (Especially on Bittrex, put some buys there people) but we've had just enough bids to hold 0.006 for a month, though the recent steps downward all lasted about a month from 0.012-0.01-0.009-0.008-0.006. The sentiment I'm getting from IMZ, Zelig, rojan, RDDrocket, bullionbob & others is that 0.006 is a very solid place to load up. Despite book depth, accumulation has been happening, we've been averaging more than 0.1% of UNO trading hands every day.

For months I've been trying to get an accurate picture of this market by looking at every available piece of data (forums, trends, volume, order books, distribution, hashrate, mining rewards, overall cryptomarket sentiment), but ultimately most of the uncertainty lies behind the distribution within that Cryptsy cold wallet & the plans of the largest holders there. Most of the non-exchange top 100 wallets have not changed in a year, and as FallingKnife has noted the sell-side is thin from 0.0075 to 0.01, but that ~40,000 UNO on Cryptsy is just a mysterious blob. I really wish Cryptsy had the same public distribution data that Bittrex does. I've gotten pieces of personalized distribution data from many of you in these forums/messages, but it's generally <1,000 UNO per person. I really wish I could sit down with someone who owns 20,000+ UNO and hear what they think, or maybe that person doesn't exist and the 40,000 coins on Cryptsy are held by 200 traders.

Exciting stuff, this is an amazing puzzle, it's like the most complex game of poker ever, I love it  

[natmccoy]

Yunbi is definitely strange in that it's hard to tell how much of their volume is real. They have $400,000 BTC/CNY volume but with no trade fees 100% of it could be fake. Watching the market, orders seem to be happening constantly at regular intervals.

They also have very few trade pairs, only 6 CNY pairs & one of them is some kind of CNY-crypto peg. That could be good or bad: good since it means Unobtanium would have a really strong presence on their site, bad if it means they are unlikely to add other cryptos.

I guess we'll see if we get any e-mail responses. Regardless, I'll try to contact BTC38 and I'll continue voting on BTER (I hope you guys have been voting for UNO on BTER).

[BitcoinNational]

@natmccoy

re: support mode

You'll see when it happens, if you're trading UN on a regular basis you are very much aware that the style of trading has gone thru various modes or stages.  A while back the potatoheads battled long and hard with the turtles.  Lesson learned (at least for me) build a wall of support (which we did) and some jerk will smash it down.  So now the consensus seems to be take the market low and rebuild the wall at the absolute very bottom.

But UNO is not a one market coin.  So we have that going for us too.

But eventually (just my guess) is that the Turtles will be able to post on the public books solid and consistent levels of support ... as yet unseen in 99.9% of crytop world ... UN stands to have figured the means to hold the long line.

_{personally i am in buy mode if i have bonus btc to spend and un is under .015}


re: the greatest poker game ever

un has nothing in terms of bluff, the basic numbers and facts are straight forward, 2 years to mine 4/5ths in likely one of the fairest mine operations ever conducted, then just 9 generations of hoomunz to mine that last 1/5th.  

but look at Ripple (75% a couple whales), stelllar (95% whales), chinese fake volume exchanges, YB, NXT, banx, even bitcoin ... lots of smoke and misdirection ... UNO is one of the few sane zones in the top50 range.  

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ClamCoin(CLAM)
I0Coin(I0C)
Influxcoin(INFX)

new UNO pairs coming soon

[natmccoy]

Great post BN! I'll be glad to contribute to the mega-buywall if/when the time comes.

UNO itself may not have bluff, but I was talking about the traders. The walls, dumps, and spikes are all part of the game. As you said, the style of trading goes through various modes or stages, much like a poker game. You've got to know when to be aggressive, when to be cautious, & when to go all-in. I like your strategy, if they want to sell, let them sell, in the end you'll have most of the coins and a clear path to the final table 

While we were having this discussion some fresh buy action and buy orders appeared on Bittrex & Cryptsy.

[natmccoy]

It's great to have you on the team Zelig 

Do you guys think that Cryptsy sponsor deal would be worth it? ~$20 to get listed with 3 other coins on the home page for a couple of days... Let's keep an eye on whether listed coins see an increase in volume. Seems like it may be better just to buy coins with the money, but I suppose it would be good to have more people looking into UNO, especially during a +40% day. I just know that personally, I won't find myself looking into the sponsored coins very often.

If we could coincide the 'advertising' with some kind of community push, create a marketing campaign rather than just a n add.

You could perhaps keep a small amount of the bitcoins, say 5-10%. And spend that relatively small sum of money on your community and promotional efforts.

Could you elaborate ITileclooTI?

[IMZ]

I have no idea what I'm doing on Yunbi. But it's a Chinese exchange! Let's see what transpires.

[DickSwagger]

It's great to have you on the team Zelig 

Do you guys think that Cryptsy sponsor deal would be worth it? ~$20 to get listed with 3 other coins on the home page for a couple of days... Let's keep an eye on whether listed coins see an increase in volume. Seems like it may be better just to buy coins with the money, but I suppose it would be good to have more people looking into UNO, especially during a +40% day. I just know that personally, I won't find myself looking into the sponsored coins very often.

If we could coincide the 'advertising' with some kind of community push, create a marketing campaign rather than just a n add.

You could perhaps keep a small amount of the bitcoins, say 5-10%. And spend that relatively small sum of money on your community and promotional efforts.

Could you elaborate ITileclooTI?

I think what to buy has become a difficult question with the veriety of altcoins available,and it will have an effect for sure.There are more new investors that youguys like to call NOOBS everyday,that will surely use that indicator.

[BitcoinNational]

@Dick

Noobs welcome here.  Any fresh face smart enough sort out all the noise and hype of crypto and end up in the UNO thread has at least something going for them that pointed them in the right direction.  

[DickSwagger]

@Dick

Noobs welcome here.  Any fresh face smart enough sort out all the noise and hype of crypto and end up in the UNO thread has at least something going for them that pointed them in the right direction.  

Yes ,sry Noob remark was not really pointed at UNO. I like Bryce Weiner and think he is a excelent developer looking at the groundbreaking work his done with coins and still doing for altcoinworld.

[IMZ]

Welcome, DickSwagger.

I never use the term 'noobie.'

[BitcoinNational]

but ultimately most of the uncertainty lies behind the distribution within that Cryptsy cold wallet

@natmccoy

very good read on the Cryptsy mysterious blob.  
i had never considered the fact that it might just be the Cryptsy cold storage but held by +200 traders (cry has just been able to manage withdraws with new deposits) ... i also have considered that a good chuck of it might be held by dozens of traders who got left holding the bag in the very early woo days and have mostly forgotten about their accounts ... and/or ... remember when un got pumped everything was getting pumped it was 8-16hrs of trade madness then shift to the next new coin mine-pump-dump cycle ... so the lost in the chaos theory ... but whoever holds the blob is not going to panic dump (near 2 years of HODL thus far).

Because of the public distribution data I suggest that we try to get the daily main support and resistance level market onto Rex ... never leave Un stored on Cry ... if you're gonna sell a big chunk post it on Blue, Rex, or Topia.  

[natmccoy]

Because of the public distribution data I suggest that we try to get the support and resistance level market onto Rex ... never leave Un stored on Cry ... if you're gonna sell a big chunk post it on Blue, Rex, or Topia.  

I agree. Bittrex has:

A nicer interface. They made a nice update a couple of months ago, when was the last time Cryptsy updated their UI?

Distribution data. Gives us infinitely more information about the distribution of our coin (also far more accurate than wallet sizes in a block explorer since for the most part in an exchange 1 account total = 1 person, whereas 1 person can control hundreds of UNO addresses).

Dramatically more informative depth data. Cryptsy limits the information available to us, you can only see asks up to 0.012. On Bittrex you can scroll to the very end of the book. Also, for some reason the Cryptsy depth chart has not worked on Cryptrader for the last week, but the Bittrex depth chart shows up just fine.

Lower fees. I think Cryptsy's fees fluctuate based on volume, whereas Bittrex has a flat 0.25%. Cryptsy is currently 0.27% but it may go lower during major volume. Also, bitcoin withdrawal fees on Bittrex are standard 0.0001, on Cryptsy they are 0.001. Although the UNO withdrawal fees are 0.0002 & 0.0001 respectively, by far the largest value difference is in the bitcoin withdrawals, even if UNO hit price parity with bitcoin.

The Cryptsy cold wallet is 5 times larger than Bittrex's. However I'd guess that on average it only does 2 times the volume, so maybe you are correct about there being forgotten or very patient coins on Cryptsy. Maybe it is an unachievable goal to have that Cryptsy wallet reduced by much if the owners aren't paying any attention.

The point is, we should have more volume on Bittrex than Cryptsy, as well as an increase in Bleutrade & Cryptopia volume (those two markets only do about $1-$10 per day). I will make an effort to coordinate my buy and sell orders accordingly. I already make an effort to have no UNO stored on Cryptsy. If they add distribution data I will change my tune, though I wouldn't hold my breath I'll e-mail them about that now.

LOL the "Cryptsy Blob"

[BitcoinNational]

just want to add

Cryptsy is a good place to dust trade ... so the ... up-to-the-second spot market can be discovered there.  
_{(only because you can do dust bids/asks and it is already the popular UN market)}

Rex has a higher bid/ask limit  ... so the ... up-to-the-hour spot market can be discovered there.  

Bleutrade & Cryptopia are good places to place sizable long trend bids/asks ... example sell 100kg @ 0.01999999 / buy 200kg @ 0.0055

[BitcoinCharlie]

Step 1: Buy at Cryptsy

Step 2: Withdraw from Cryptsy

Step 3: Repeat regularly

Destroy the megawallet!

[natmccoy]

Some good market action today. $500 of accumulation at 0.0065-0.0068 which was mostly buying. The largest UNO account on Bittrex apparently partook in some of the recent accumulation, as their account grew from 1,600 to 1,723 UNO.

[FallingKnife]

Cryptopia still has 0% fee trading for all Uno markets.

[starblocks]

Hello Unobtanium community

You're in my alternative currency list

[BitcoinCharlie]

Welcome Starblocks!

[FallingKnife]

Cryptopia still has 0% fee trading for all Uno markets.

Whoops!  I am wrong. They reimplemented their .2% fee today.
free trading was nice while it lasted.

[Coryvmcs1]

@natmccoy

re: support mode

You'll see when it happens, if you're trading UN on a regular basis you are very much aware that the style of trading has gone thru various modes or stages.  A while back the potatoheads battled long and hard with the turtles.  Lesson learned (at least for me) build a wall of support (which we did) and some jerk will smash it down.  So now the consensus seems to be take the market low and rebuild the wall at the absolute very bottom.

But UNO is not a one market coin.  So we have that going for us too.

But eventually (just my guess) is that the Turtles will be able to post on the public books solid and consistent levels of support ... as yet unseen in 99.9% of crytop world ... UN stands to have figured the means to hold the long line.

_{personally i am in buy mode if i have bonus btc to spend and un is under .015}


re: the greatest poker game ever

un has nothing in terms of bluff, the basic numbers and facts are straight forward, 2 years to mine 4/5ths in likely one of the fairest mine operations ever conducted, then just 9 generations of hoomunz to mine that last 1/5th.  

but look at Ripple (75% a couple whales), stelllar (95% whales), chinese fake volume exchanges, YB, NXT, banx, even bitcoin ... lots of smoke and misdirection ... UNO is one of the few sane zones in the top50 range.  

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edit

ClamCoin(CLAM)
I0Coin(I0C)
Influxcoin(INFX)

new UNO pairs coming soon

Thanks for supporting INFX Mate :-)