BTCD is no more

[threecats]

Trollboxers are convinced that because there has not been a big dump since the 20's there is one whale buying & selling back & forth to himself to create this price rise, and the end is nigh.

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[jl777]

Why the sck price increase - I think it whale pumping there wasn't any breaking news in the last 2 days

big money people usually have ways of getting the news before it breaks
but I think this is a lot from the technical analysis guys, the breakout from flag pattern was classic
also all the btsx profits had to go somewhere.

I did happen to answer some questions in the NXT forum's most active thread about BTCD, got comments like "mind blown", that's good I think.

I see 100 BTC of BTCD purchased over 24 hours on bittrex and probably similar amount of cryptsy. Oh, I was in the chat complaining about my missing withdrawal and people asked me some questions, maybe they liked what they heard?

So the question of whether this was a pump or accumulation will be answered in the next few days. If we see 200+ BTC of sell orders, then it was whale pumping for dumping. My prediction is that we go to the usual lower volume consolidation phase as people get used to the new price point. Maybe it takes two weeks and another flag pattern, nobody knows.

since the peak at .007 to .0072, there has been 5 BTC of sales on bittrex and twice that on cryptsy. so volume is dropping. People tend to concentrate too much on price. What good is 1 BTCD available at .006? there's only 2 BTC available under .00666

anyway the price cant be going up 40% per day, a pullback is natural and needed. I just am skeptical there will be big volumes during the pullback. My theory is that the new money has made a bet on BTCD at the current price level and I doubt they will be selling before they are making some money. If you look at the volume during the current price spike, you will see very little volume before it hit .006, this is because there just wasnt much BTCD available below that. Once we broke .006 (clearly all time high and breakout from flag pattern), the big volumes came in between .006 and .007

My guess is they are either longer term hodlers or requiring some decent gains to exit, so probably waiting for teleport release and price of .01 to lock in some profits and then be able to ride the BTCD without much net capital in it.

but of course, your analysis might be the correct one, I am just guessing

James

[jl777]

Trollboxers are convinced that because there has not been a big dump since the 20's there is one whale buying & selling back & forth to himself to create this price rise, and the end is nigh.

if they only took the time to do some research.

I am somewhat known in the NXT community and with NXT in down cycle I think a lot of them are buying BTCD and NXT peoples are primarily hodlers as they are used to the longer term nature of 2.0 crypto

I am also reaching out to the bitcoin community's main altcoin thread for some help with code review as I do not want to leave to chance that I missed some key leakage of info. I am a good coder, but I do make mistakes, even homer simpson level mistakes! So, always best to get anything complicated reviewed by a competent coder.

If I missed something it is best to find it now and also getting independent review by acknowledged expert will help with BTCD adoption.

James

[Reishicoin]

http://np.reddit.com/r/Bitcoin/comments/2ee4ol/zerocoin_anyone_in_light_of_the_bitlicense/   this was submitted 11 hours ago and not a single comment about teleport...

[threecats]

http://np.reddit.com/r/Bitcoin/comments/2ee4ol/zerocoin_anyone_in_light_of_the_bitlicense/   this was submitted 11 hours ago and not a single comment about teleport...

fixed that. others should add to it. : -)

[kishan889]

Why the sck price increase - I think it whale pumping there wasn't any breaking news in the last 2 days

big money people usually have ways of getting the news before it breaks
but I think this is a lot from the technical analysis guys, the breakout from flag pattern was classic
also all the btsx profits had to go somewhere.

I did happen to answer some questions in the NXT forum's most active thread about BTCD, got comments like "mind blown", that's good I think.

I see 100 BTC of BTCD purchased over 24 hours on bittrex and probably similar amount of cryptsy. Oh, I was in the chat complaining about my missing withdrawal and people asked me some questions, maybe they liked what they heard?

So the question of whether this was a pump or accumulation will be answered in the next few days. If we see 200+ BTC of sell orders, then it was whale pumping for dumping. My prediction is that we go to the usual lower volume consolidation phase as people get used to the new price point. Maybe it takes two weeks and another flag pattern, nobody knows.

since the peak at .007 to .0072, there has been 5 BTC of sales on bittrex and twice that on cryptsy. so volume is dropping. People tend to concentrate too much on price. What good is 1 BTCD available at .006? there's only 2 BTC available under .00666

anyway the price cant be going up 40% per day, a pullback is natural and needed. I just am skeptical there will be big volumes during the pullback. My theory is that the new money has made a bet on BTCD at the current price level and I doubt they will be selling before they are making some money. If you look at the volume during the current price spike, you will see very little volume before it hit .006, this is because there just wasnt much BTCD available below that. Once we broke .006 (clearly all time high and breakout from flag pattern), the big volumes came in between .006 and .007

My guess is they are either longer term hodlers or requiring some decent gains to exit, so probably waiting for teleport release and price of .01 to lock in some profits and then be able to ride the BTCD without much net capital in it.

but of course, your analysis might be the correct one, I am just guessing

James

What was the initial price of this coin because this coin has really got a real popularity and had already cached up the market ?..

[Vortexdj]

I think around 50k

[JRoC]

Hi JRoC,
Don't be upset! Try this way: delete all files and directories on the below folder if your wallet.dat is still empty or except it.
C:\Users\YOUR USER NAME\AppData\Roaming\BitcoinDark
Check the file extension is .conf and the exact name is: BitcoinDark.conf (I noticed your config file is BitCoinDark.conf; C language  is Case sensitive!)
Rerun and hope it works!

Thanks that works!

Now which pool would you recommend? I got 2 zues blizzard ASIC miners I can get like 2.4MHS

[SHossain]

Hi JRoC,
Don't be upset! Try this way: delete all files and directories on the below folder if your wallet.dat is still empty or except it.
C:\Users\YOUR USER NAME\AppData\Roaming\BitcoinDark
Check the file extension is .conf and the exact name is: BitcoinDark.conf (I noticed your config file is BitCoinDark.conf; C language  is Case sensitive!)
Rerun and hope it works!

Thanks that works!

Now which pool would you recommend? I got 2 zues blizzard ASIC miners I can get like 2.4MHS

You can use the official multipool or xpool from the OP. Both of them are doing good.

[apex944]

Weekends are usually when volumes go down, prices stagnate. What is going on?

Money never really sleeps.  As it get's more exposure I think we'll see BTCD move from the shadows and bring with it new patterns of trading.

Here you go James

well the price has to decide whether to go up or down out of a flag pattern. When it is trending up, most likely to break to the upside. I guess market decided up was the right direction
So, most likely is some sort of consolidation, the key question is where?

Up.   

The Pennant pattern is considered a "Continuation Pattern" in technical analysis. It's formed when there is a large movement in an investment "the flagpole", followed by a consolidation period with converging trendlines forming the Pennant pattern.  This is then followed by a breakout USUALLY IN THE SAME DIRECTION as the initial large movement.

So, what have we just created here with the latest move?




Answer.  We don't know yet.  The pattern could break down.  However if it consolidates from here over the next few weeks (usually 1 to 5 weeks), and forms another Pennant through price consolidation, that pattern would indicate another breakout to the upside.   And since we all know BTCD is going TDM ...     ...

[crazyearner]

Well am happy enjoyed the nice ride last night and decided to stop in at and sell most me stock up at 7s and began buying back in and now about to buy back in the 6s. Nice % of me stock on BTCD to go up for future rallys pumps dumps what ever you want to call them.

[CryptoGuu]

Weekends are usually when volumes go down, prices stagnate. What is going on?

Money never really sleeps.  As it get's more exposure I think we'll see BTCD move from the shadows and bring with it new patterns of trading.

Here you go James

well the price has to decide whether to go up or down out of a flag pattern. When it is trending up, most likely to break to the upside. I guess market decided up was the right direction
So, most likely is some sort of consolidation, the key question is where?

Up.   

The Pennant pattern is considered a "Continuation Pattern" in technical analysis. It's formed when there is a large movement in an investment "the flagpole", followed by a consolidation period with converging trendlines forming the Pennant pattern.  This is then followed by a breakout USUALLY IN THE SAME DIRECTION as the initial large movement.

So, what have we just created here with the latest move?




Answer.  We don't know yet.  The pattern could break down.  However if it consolidates from here over the next few weeks (usually 1 to 5 weeks), and forms another Pennant through price consolidation, that pattern would indicate another breakout to the upside.   And since we all know BTCD is going TDM ...     ...

you are overthinking in my opinion. I bought yesterday for 10 btc btcd and did not even looked at the charts. It's not all about technical analysis. especially not for the new crypto's.

[visual111]

you are overthinking in my opinion. I bought yesterday for 10 btc btcd and did not even looked at the charts. It's not all about technical analysis. especially not for the new crypto's.

some people do trade technical analysis, which is why it works (sometimes)

[PhilipMorris]

Dat dump at bittrex 

[jeezy]

Well am happy enjoyed the nice ride last night and decided to stop in at and sell most me stock up at 7s and began buying back in and now about to buy back in the 6s. Nice % of me stock on BTCD to go up for future rallys pumps dumps what ever you want to call them.

Yeah. Awesome rally over the last couple of days. Increased my BTCD stack by 30%.

[bitkokos]

hi
I want to make a mining contract of 12 months to throw 15mh to the multipool.
One I found is $240
Do you guys know any cheaper?

thanks!

[id10tothe9]

aaaand I'm back, missed you guys
2 weeks away busy felt like ages, didn't dare to open the thread feeling I had a lot to catch up to but lacked the time and didn't want to see good news which means the price will go up further while I still don't have the money to buy more . Now I finished going through the whole thread from day 1 till now to make sure I knew all there is to know!
Congrats james, all other devs and the awesome community on this success and all what may come, I see non zero-sum endeavours building for the good of all really as the single way of thinking and work ethic that is noble and deserves striving for.
(but daaaeium you make me nervous while I have to wait 2 more weeks to get some funds )

[crazyearner]

Dat dump at bittrex 

I do not mind dumpers be dumping am waiting a little longer to buy my coins back in and so far almost made 3x my holdings with this coin in the last 24 hours from the prices going up and now coming down again if it pops back down to 5s ill be super happy but its not far off but maybe buy bank in at 62s or 63s somewhere

[SHossain]

Thanks James, Azeh, BTCD dev team for continuing the incredible works.

Feeling annoyed that I can not log in to my ghash.io account where my 1TH S2 mining BTC due to two-factor authentication and I am on holiday. Mobile roaming not working. Would buy some more BTCD with the mined BTC. Cant help myself until I am back home :-(

[chicken65]

Can someone tell me why there were lots of miniscule sell offers on Cryptsy for BTCD yesterday. (I notice not so much today)

I understand some want to get rid of remnanats, but I dont think that was the case for them all. I felt
it was intentional, but I don't really know the reason why. I find those micro amounts realy annoying

I got so annoyed with them at at times I started buying them up  But I couldn't keep that going indefinitely
of course..