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Author Topic: BTCD is no more  (Read 1327578 times)
chicken65
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December 29, 2014, 01:53:33 PM
 #8101

Someone is pushing the price down, don't be so stupid to sell now. This is what they want.....
Would be happy if this is the explanation. But I do not think so. I think there is lack of buying interest due to a missing katalysator that would drive the price higher. Hope some release will help.

yup, lack of buying interest and its been dying now for months. This is not FUD, iM just saying it like I see it. It also looks
like the heydays of alt coins are over which is not good for any coin let alone one this expensive. There just so little liquidity around

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boomboom
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December 29, 2014, 01:57:50 PM
 #8102

Are you guys thinking in minutes, hours, days, weeks, months, years?

Think in terms of value over the medium term, otherwise you're missing the point of what jl777 is doing, and you'll miss the chance of a lifetime.

Time to buy more!!

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December 29, 2014, 03:49:01 PM
Last edit: December 29, 2014, 05:23:21 PM by frohlocke
 #8103

Trading, pump and dump etc- this like living in a bubble and everything is circulating about itself. Investors exictement about all these new tech and features is cooling down.I think what we really need to see is some kind of Main Street adoption or RL use. This is a run for user base and RL usage -> no time frame. every day competition and revaluation.
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December 29, 2014, 05:31:29 PM
 #8104

Trading, pump and dump etc- this like living in a bubble and everything is circulating about itself. Investors exictement about all these new tech and features is cooling down.I think what we really need to see is some kind of Main Street adoption or RL use. This is a run for user base and RL usage -> no time frame. every day competition and revaluation.

I don't think this is an alien concept to the BTCD/SuperNET community...
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December 29, 2014, 06:24:57 PM
Last edit: December 30, 2014, 01:30:33 AM by frohlocke
 #8105

Trading, pump and dump etc- this like living in a bubble and everything is circulating about itself. Investors exictement about all these new tech and features is cooling down.I think what we really need to see is some kind of Main Street adoption or RL use. This is a run for user base and RL usage -> no time frame. every day competition and revaluation.

I don't think this is an alien concept to the BTCD/SuperNET community...
Of course not,- might be just saying the obvious. At least for those who are looking at the bigger picture. Netherless, I think we need some kind of selling kit.
Hardware:
Signs (BTCD accepted)
Point of sale-Terminal
Software:
Coinomat (?) something to cash out

and sales teams.

There was an ambitous seller at NXT. He set up a cafe were people were able to pay with nxt. ok. never came to real life.
But I think this should be the right way not the next possibilty to trade this against that.

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December 29, 2014, 06:49:51 PM
 #8106

Plummeting like this was going to happen anyway as there is no buying support while there's no intriguing news, at least to potential buyers, for BTCD.
Good new is current buying support is so thin that all big coin holders won't get out unless they decide to give up money by selling into this thin wall.
Those who become interested in SuperNET will buy UNITY or NXT, not BTCD at this moment.
I assume this trend will persist until there's some really good news for BTCD.
Personally, I will hold onto this to see how SuperNET will turn out, but won't expect trend reversal in favor of me.
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December 30, 2014, 04:13:08 AM
 #8107

theres always a dump before a pump, its all orchestrated, whales buying there last chunks before they flip the bots to rise accross all exchanges. there is no reason for this to dump right now, nothing has changed fundamentally , infact were closer than ever to releasing the tech.
aragoon
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December 30, 2014, 04:48:19 AM
 #8108

I heard Supernet was due to get going soon so I decided to get a few BTCD as they are needed to get around in Supernet. Very high tech stuff so lots of high expectations. I've been downloading and using Qt wallets for a year now. Imagine how pleased I am to have downloaded BTCD wallet for Windows and find that the stupid thing won't even connect. Really advanced stuff. Yes, I have switched it off and on again several times. I have rebooted. Now tell me how anyone expects mass adoption if newbies have to struggle with a wallet like this one? By this stage a Qt wallet should simply work regardless. After all, my other 12 Qt wallets work fine. And people are talking about price!!  Angry
whetherman
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December 30, 2014, 04:58:17 AM
 #8109

I heard Supernet was due to get going soon so I decided to get a few BTCD as they are needed to get around in Supernet. Very high tech stuff so lots of high expectations. I've been downloading and using Qt wallets for a year now. Imagine how pleased I am to have downloaded BTCD wallet for Windows and find that the stupid thing won't even connect. Really advanced stuff. Yes, I have switched it off and on again several times. I have rebooted. Now tell me how anyone expects mass adoption if newbies have to struggle with a wallet like this one? By this stage a Qt wallet should simply work regardless. After all, my other 12 Qt wallets work fine. And people are talking about price!!  Angry


Sorry about your difficulties. Check the OP for a list of updated nodes for your conf file. Many people report having to wait several hours to get their 1st connections.

Word is new wallet out soon with installer that should help some of these issues.

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December 30, 2014, 05:08:58 AM
 #8110

I sold my position to move on to other ventures.  It sounded like teleport was a week away back in September and I said to my self I'll wait till the end of the year and the price has done nothing but drop, and my wallet doesn't work so I was keeping my coins on an exchange, not good.  I bought in at .0006 and sold at .0045 so I still made a nice little profit although not as much as I could have made had I sold at the top.  I may be kicking myself if it goes up, but I figure there is always another good investment around the corner.  If it drops lower I will buy back a few, if not, no worries. 
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December 30, 2014, 07:31:18 AM
 #8111

i think people are forgetting BTCD is the core of supernet, and the tech is something never seen before. in addition to this BTCD will pay dividends from teleport.

work that out for yourself, tell me what happens when BTCD is the ONLY trust-less anonymous coin, and drug mules want to wash there bitcoin? they go through BTCD teleport, millions upon millions of dollars at a time. generating tens of thousands of dollars in dividends to BTCD holders per day.


might be a smart idea to hold or increase your stake Wink
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December 30, 2014, 07:45:22 AM
 #8112

I sold my position to move on to other ventures.  It sounded like teleport was a week away back in September and I said to my self I'll wait till the end of the year and the price has done nothing but drop, and my wallet doesn't work so I was keeping my coins on an exchange, not good.  I bought in at .0006 and sold at .0045 so I still made a nice little profit although not as much as I could have made had I sold at the top.  I may be kicking myself if it goes up, but I figure there is always another good investment around the corner.  If it drops lower I will buy back a few, if not, no worries. 

I hear you, I have been keeping my coins so far only because of the endless promises. Since the beginning of the BTCD, most of the planned features has been transferred to the Supernet. For me (and probably some others) there just simply isn't anything left in this coin, than those promises James made back many moths ago.

Maybe the dividents will change the course, but we'll see..

I'll still sit on my coins that I bought at 25-50k, but I can't blame for other to abandon the ship.

whetherman
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December 30, 2014, 08:04:38 AM
 #8113

To each his own.  I am as disappointed as the next guy in the detour through Supernet-land that has delayed the original promise of BTCD. If I had had my druthers Supernet would not have become the priority.

That much said, I have come gradually around to the idea of Supernet. And i do believe we are currently in  an iceberg situation, where 90% is out of sight, so it is difficult to fathom what the real size and meaning of the project is / will be. But that 90% is there.

Also I happened to be awake and getting in some low bids during the dump a few hours ago. Saw some pretty clear evidence of tree shaking going on. Got a little piece of that 6 BTC wall that Mr. Big was flashing at 36. So all is not entirely organic in the day's events.

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December 30, 2014, 08:30:47 AM
 #8114

0.004 has been psychological support for several months and exodus seems to begin as it is broken.
One of the Top 50 rich wallet holder sold his share and wonder how many more will leave if it went below 0.003 or 0.0025.
At least, I am glad to see there's enough buying power to take 10K dumping.
I will hold onto this coin until next Sumter at least unless some serious problem pops out.
There is no fundamental change for BTCD, but ambitious promises haven't kept.
I think that's why many ran out of patience, but that's totally understandable as 1 month in Alt coin world feels like longer than 1 year in stock market.
Hope I can get some chance to get more coins at bargain price when the market crashes.
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December 30, 2014, 08:42:42 AM
 #8115

No word lately from BTCD-dev or James on latest developments. None-the-less, I'm hodling strong and buy more from these dumpers.  Smiley I suspect the bots will turn soon and take the price back to .005 at least (hoping anyway).
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December 30, 2014, 08:51:30 AM
 #8116

I sold my position to move on to other ventures.  It sounded like teleport was a week away back in September and I said to my self I'll wait till the end of the year and the price has done nothing but drop, and my wallet doesn't work so I was keeping my coins on an exchange, not good.  I bought in at .0006 and sold at .0045 so I still made a nice little profit although not as much as I could have made had I sold at the top.  I may be kicking myself if it goes up, but I figure there is always another good investment around the corner.  If it drops lower I will buy back a few, if not, no worries. 

I hear you, I have been keeping my coins so far only because of the endless promises. Since the beginning of the BTCD, most of the planned features has been transferred to the Supernet. For me (and probably some others) there just simply isn't anything left in this coin, than those promises James made back many moths ago.

Maybe the dividents will change the course, but we'll see..

I'll still sit on my coins that I bought at 25-50k, but I can't blame for other to abandon the ship.



[SuperNET [BTCD]]

My attempt at graphics. To say the planned features are transferred to SuperNET, is not quite right. BTCD is inside the SuperNET, think of it as the engine that most people wont see as they are seeing the entire thing.

Now if SuperNET was a car with a BTCD engine inside, how well will the engines sell if the car is selling a lot?

With 1 BTCD engine in each SuperNET, what is good for SuperNET is good for BTCD.

Now "there just simply isn't anything left in this coin, than those promises James made back many moths ago" is the key statement. If you dont trust me to deliver on my promises for BTCD, then yes, you should sell. If all BTCD has is the promises I have made, the question is how much is my word worth?

The iceberg analogy is pretty good too. The scope has increased and this has caused delays, but we are down to debugging the system. https://github.com/jl777/btcd/tree/master/libjl777 has over 40,000 lines of code I personally wrote this year. I have made almost 3,000 commits to the repos and you can see my progress in realtime. I do apologize for not having the time to be cheerleader in this thread, but I am pretty active in slack.

So do not think that SuperNET takes anything away from BTCD, it makes it 10x bigger market and without real world usage what value is all this tech? I did say it will take more time and if you are wanting to make some fast money, there are many places that promise magical gains immediately. I cannot promise that, but I do promise I will deliver the tech that I promised for BTCD. In fact, its role is even bigger with the latest plans. It will be the reference currency for InstantDEX and this will necessarily mean a lot more liquidity as all the transactions would go through BTCD. There will also need to be some minimum amount of BTCD people need to properly operate the Teleport and other features.

The realtime BTCD MGW is in beta test and I am currently working on debugging InstantDEX connection with MGW, along with the Teleport engine.

Now the value for a crypto is usually purely speculative value. With BTCD it also gets a dividend stream and SuperNET revshare and is reference currency for InstantDEX and gets Teleport fees. I wish I could go faster, but this is quite difficult code and that is why the line count is so low. ~150 lines per day of code is slow by my standards, but soon I will be done with the difficult coding and be able to get back to the normal production levels of ~300 lines per day. Industry standards for production code is ~10 lines per day, you can verify this if you dont believe me.

Anyway for people sitting on losses, all this is just talk, talk, talk. So I will get back to coding.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
MuFaza
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December 30, 2014, 09:35:52 AM
 #8117

Well yes, my words was maybe little too caricatured. My point of view for this matter is before the Supernet era, so to say.

Back then bitcoindark was the coin that would have all the nice features itself: jl777,  a new anon tech and exclusive anon mastercard (the list was long and good). It had tremendous unique value at some point and I had no doubt of breaking the records. But after harnessing its power for the supernet its uniqueness was lost and making many the features as part of the supernet (like supernet anon card etc.) Usable with every other currency. That's why I said "Nothing left for this coin.." which was too narrow-minded indeed.

In my mind the reason for downfall of the price is the said loss of uniqueness. Of course btcd still has it's important purpose in the big picture and I'm not trying to deny that. I'm just comparing the situation back then and now. Future might be bright and like I said, I'm still in this because I trust James's promises.

All this is pure speculation and should taken as such. I've high respect for the developers and the community behind btcd and supernet.
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December 30, 2014, 11:27:11 AM
 #8118

Well yes, my words was maybe little too caricatured. My point of view for this matter is before the Supernet era, so to say.

Back then bitcoindark was the coin that would have all the nice features itself: jl777,  a new anon tech and exclusive anon mastercard (the list was long and good). It had tremendous unique value at some point and I had no doubt of breaking the records. But after harnessing its power for the supernet its uniqueness was lost and making many the features as part of the supernet (like supernet anon card etc.) Usable with every other currency. That's why I said "Nothing left for this coin.." which was too narrow-minded indeed.

In my mind the reason for downfall of the price is the said loss of uniqueness. Of course btcd still has it's important purpose in the big picture and I'm not trying to deny that. I'm just comparing the situation back then and now. Future might be bright and like I said, I'm still in this because I trust James's promises.

All this is pure speculation and should taken as such. I've high respect for the developers and the community behind btcd and supernet.
It was my assessment that having all the great features on a remote island would not do much good. These features need to be adopted and used and that requires getting people to use it regularly. Otherwise, it is just hype. What good are features without users? That is why I had to solve the small userbase issue.

So, on paper it sounds great that only BTCD has all the cool tech, but in that scenario there wouldnt be a SuperNET as what other coins would want to be part of it if only BTCD is benefiting? Now, we are creating a thriving new community and everyone is actually helping each other. At this stage of crypto this is necessary and much more productive than the constant fightings you are seeing elsewhere. The ATH was when there was a financial incentive for BTCD during the SuperNET ICO. So there are more ways than just tech to create value for a crypto.

Better to be a medium size fish in the big ocean than a big fish in a small pond. 2015 will see deployment after deployment of the new tech and some that should drive more adoption and usage. The price in a bear market with crazy bots is on the pessimistic side, with so few coins any small change on the demand side will be a constant support, so as SuperNET revenues grow to something meaningful and it has to be used to buy BTCD to payout the dividend...

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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December 30, 2014, 11:55:01 AM
 #8119

Looks like a small group of whales have dropped the price by dumping on bittrex.

Dumping 10k btcd on bittrex is proportionally equivalent to dumping 100k btc on bitstamp.

Whales divesting big chunks of coin is normal for any new coin.  I'm not worried about it.  The majority of the community is still hodling and staking.
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December 30, 2014, 12:23:04 PM
 #8120

Just a way to put to price down to buy them all up...sell and buy support are really thin so it goes both ways. Still waiting to go any lower...will buy some more eventually Smiley

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