BTCD is no more

[digiguy]

The most aggressive shakeout yet this is a good sign

indeed

[digiguy]

this coin has a bright future i love it

[chicken65]

Weak hands selling now...

Don't sell.

You need to do the opposite of what the whales want you to do.

If they sell, don't sell also. Just HODL or buy more.

I will just keep buying (within reason) and and hold.  

[chicken65]

The most aggressive shakeout yet this is a good sign

indeed

Noob Q again.
What does this terminology mean? ie shakeout?
Shaking out what?

[paulthetafy]

I'm happy to pick up a few more at a discount while the whales play their games.  Given we're > 25% off yesterday's ATH, this looks like a great price to me!

[Mr.Joker]

The most aggressive shakeout yet this is a good sign

indeed

Noob Q again.
What does this terminology mean? ie shakeout?
Shaking out what?

The weak hands.

They will panic sell.

You need people that will HODL their BTCD stack, not people that sell when someone is dumping.

[paulthetafy]

The most aggressive shakeout yet this is a good sign

indeed

Noob Q again.
What does this terminology mean? ie shakeout?
Shaking out what?

Shaking the tree to get the weak hands to sell cheaply.  Whales will manipulate the market, forcing it down to get people to sell cheaply while they wait below the tree to catch the sells.  Thus they get their coins at a discount.  If you can spot this happening, put in some low buys ahead of the walls instead of selling.

[Mr.Joker]

The most aggressive shakeout yet this is a good sign

indeed

Noob Q again.
What does this terminology mean? ie shakeout?
Shaking out what?

Shaking the tree to get the weak hands to sell cheaply.  Whales will manipulate the market, forcing it down to get people to sell cheaply while they wait below the tree to catch the sells.  Thus they get their coins at a discount.  If you can spot this happening, put in some low buys ahead of the walls instead of selling.

This.

Also, the whales will wait when the order book is getting filled around 90-95.

Now, you can't buy 4000 BTCD back for cheap, or else you will buy up the whole orderbook.

[Mr.Joker]

we need to break 0.008, I want all the weak hands gone

I can arrange that, but don't want to

I don't know if there are many weak hands on this coin.

A lot of money came in at 800k-1110K.

Don't think a lot of people will sell with loss, especially with this dev team

[paulthetafy]

we need to break 0.008, I want all the weak hands gone

I think enough weak hands have been selling between 0.01 and 0.085 over the last 36 hours.  my guess is bottom's of these waves will gradually increase in price.  900k looks like a reasonable support level.  We already saw a WH whale on cryptsy dump it below 0.085 (which I missed dammit!) and we're already above 900k again.  My guess is that we will sideways around 900-950k for a few hours while the books fill, and then we'll bounce off back to 1100k again.  I hate manipulators, I really do.

[thevampireskilledit]

Uh..isn't JL777 pretty close to releasing some of his masterpiece?
Why would anyone sell now?

[IceColdTommy]

Uh..isn't JL777 pretty close to releasing some of his masterpiece?
Why would anyone sell now?

profit, if you watched market all day, tons of bots are active, they drive price down someone accumulate then they put price back up someone sell and over and over again. Easy trick to get rich if you have enough BTC or BTCD to work

[bitkokos]

glad I had some 27 forgotten WDC in a pool

Just bought 0.04693368 at 0.00945686
LOL I couldn't resist  

[paulthetafy]

we need to break 0.008, I want all the weak hands gone

I think enough weak hands have been selling between 0.01 and 0.085 over the last 36 hours.  my guess is bottom's of these waves will gradually increase in price.  900k looks like a reasonable support level.  We already saw a WH whale on cryptsy dump it below 0.085 (which I missed dammit!) and we're already above 900k again.  My guess is that we will sideways around 900-950k for a few hours while the books fill, and then we'll bounce off back to 1100k again.  I hate manipulators, I really do.

oh i didnt notice how low cryptsy went

Yeah I think it was one dump from around 900k to just over 800k.  That was weird to dump like that.  shame i had just used all of my BTC buying at 900!

[ShortBTCD]

Quick update on ShortBTCD, as opening day draws to a close.  35,450 NXT-worth were traded.  The target price swung as low as 80 and as high as 110, with around 50 price adjustments over 10.5 hours.  The target price is currently 105.6, based on BTCD/BTC at 0.009235.  As such, the bid/ask is now 105/106.

We're about to close up shop for the evening - to reopen in about 12 hours.  If anyone wants to get in or out of a position at current levels, now's the time.

[jl777]

Quick update on ShortBTCD, as opening day draws to a close.  35,450 NXT-worth were traded.  The target price swung as low as 80 and as high as 110, with around 50 price adjustments over 10.5 hours.  The target price is currently 105.6, based on BTCD/BTC at 0.009235.  As such, the bid/ask is now 105/106.

We're about to close up shop for the evening - to reopen in about 12 hours.  If anyone wants to get in or out of a position at current levels, now's the time.

So if somebody bought shortBTCD this morning, they would have a 6% profit right now
and if they were lucky enough to buy at 80, more than 30% profit?
All this while BTCD went down

[ShortBTCD]

Quick update on ShortBTCD, as opening day draws to a close.  35,450 NXT-worth were traded.  The target price swung as low as 80 and as high as 110, with around 50 price adjustments over 10.5 hours.  The target price is currently 105.6, based on BTCD/BTC at 0.009235.  As such, the bid/ask is now 105/106.

We're about to close up shop for the evening - to reopen in about 12 hours.  If anyone wants to get in or out of a position at current levels, now's the time.

So if somebody bought shortBTCD this morning, they would have a 6% profit right now
and if they were lucky enough to buy at 80, more than 30% profit?
All this while BTCD went down

Yep.

[jl777]

Status report:

Been helping out other devs and we have seen an early GUI release from longzai, also I am about get a new release of the core that is all ready for me to interface to and I have most of the debugging portion of the accounting coded up. I "hired" an expert on PoS algo (he found flaw in PPC) to make sure BTCD algo is fine. He didnt ask for any money, but I will gladly pay for expert help. Already jimmy2011 suggested an improvement which we have put into the test version.
InstantDEX GUI is also making some progress and even helping some new coins deciding to plug into the supernetwork

So, now that my "day" is done, time to get some serious coding done. Good thing I have a 16 hour workday

James

[ShortBTCD]

By the way, if you really want to get into or out of a position while we're on overnight hiatus, just submit a bid/ask on the asset exchange and if we see it (and if it's at the right price), we'll fill it.  Even better, message me when you do so - better chance we'll see it promptly.

For reference, with BTCD/BTC at 0.0100, we'd fill bids at 98 or higher.

[chicken65]

The most aggressive shakeout yet this is a good sign

indeed

Noob Q again.
What does this terminology mean? ie shakeout?
Shaking out what?

The weak hands.

They will panic sell.

You need people that will HODL their BTCD stack, not people that sell when someone is dumping.

AH yes, I understand. Im a holder...and buyer