Jesse Liver-no-more

[Jesse Livermore]

derp.

[Propulsion]

Hmmm, 50 dark for you to tell me when I enter the market. Interesting.

[GhostPlayer]

Do you make sandwiches and give free coffee during coffee breaks ?

[Propulsion]

Do you make sandwiches and give free coffee breaks ?

I'd pay 50 dark for a sandwich and coffee. What can you offer me?

[Propulsion]

Helpful advice:
Sell everything, buy BTC apparently.
Stop trying to find the next BTC and stop trading.
End helpful advice.

Please provide an address for payment.

[Propulsion]

That one's on the house.

Lol, your alright Jessie.

[2dogs]

Any reason why you only use Mintpal?

[apepoof]

Why would anyone pay you when they can see with their own eyes when there is a huge sell order...

[noodle_dam]

Any reason why you only use Mintpal?

I actually made two recent buy recommendations on Viacoin and Stealthcoin on Bittrex right before Stealth tripled and via doubled however due to Bittrex's stubborn charts you can't even see the buy points nor sellpoints any more.
Overall, I gladly use exchanges other than MintPal.

JL

Coinigy

[canej]

With that said, I'm putting out a short-term buy signal on Syscoin. They had a miserable launch however I believe once they patch it up SYS will likely pop up a good amount.
Technicals have consolidated for 5+ hours now and volume is showing signs of shakeout. Additionally with large buy walls in place I believe someone is trying to make a stand.
Lastly, I believe the dev's might try to boost price as a token of apology for the botched launch.
Target us open, stop is open for now.
JL

Disclaimer: I'm just now long SYS as of 4:30 pm est.

Nice... lets see how things go.

[2dogs]

With that said, I'm putting out a short-term buy signal on Syscoin. They had a miserable launch however I believe once they patch it up SYS will likely pop up a good amount.
Technicals have consolidated for 5+ hours now and volume is showing signs of shakeout. Additionally with large buy walls in place I believe someone is trying to make a stand.
Lastly, I believe the dev's might try to boost price as a token of apology for the botched launch.
Target us open, stop is open for now.
JL

Disclaimer: I'm just now long SYS as of 4:30 pm est.

 Bittrex right now - wallet offline due to block-chain issues.

[lvyuan95]

Following this thread 

[masternode]

Thanks for the VIA analysis Jesse (and other analysis on this thread as well).  Well done. 

[kelvng105]

Thanks JL!

[J9901]

Very nice. 

[2dogs]

Glad DRK is working out for everyone - as I write this, at least.
Too bad Bitfinex doesn't offer a margin trade on DRK.

[masternode]

Glad DRK is working out for everyone - as I write this, at least.
Too bad Bitfinex doesn't offer a margin trade on DRK.

Coming soon from what I've heard.

[2dogs]

Glad DRK is working out for everyone - as I write this, at least.
Too bad Bitfinex doesn't offer a margin trade on DRK.

Coming soon from what I've heard.

Not good enough - we could have used it 24 hours ago!

[TsuyokuNaritai]

Glad DRK is working out for everyone - as I write this, at least.
Too bad Bitfinex doesn't offer a margin trade on DRK.

Coming soon from what I've heard.

Not good enough - we could have used it 24 hours ago!

One problem though, it can cause massive volatility. Huge flash crashes when longs get squeezed and are forced to liquidate, causing the next one to liquidate, falling like dominoes.

[2dogs]

Glad DRK is working out for everyone - as I write this, at least.
Too bad Bitfinex doesn't offer a margin trade on DRK.

Coming soon from what I've heard.

Not good enough - we could have used it 24 hours ago!

One problem though, it can cause massive volatility. Huge flash crashes when longs get squeezed and are forced to liquidate, causing the next one to liquidate, falling like dominoes.

Exactly. Day traders live on volatility - up or down.

[masternode]

Curious.  Looking at the order book, I'm pretty confident it's about to break the trend line.  I clearly see a double bottom forming (double bottom @ around 0.0003).  But I'm not sure if the time frame is too long (@ 2hr), or if that is even a factor.

It just seems like the formation has a lot of the criteria that fits the big W description in the link below.

http://thepatternsite.com/bigw.html

Just wondering your take on this Jesse.

[2dogs]

Confirming your observation on DRK - have closed all DRK long positions here.

[SkyValeey]

Very interesting analysis, thanks for that thread, i'll follow, great stuff:)

[andreibi]

Nice thread to watch. I'll be watching this if you have the moxy to trade good.

[Coinfan]

You are violating your third rule and actually suggesting others to violate it too

But some good (and, it seems, honest) comments.

[Coinfan]

The good buy on GB was two days ago, at around 0.000006, when some traders started twitting about it, but since we had a double top around 0.00001 that was breached (and a double bottom at around 0.0000056), I guess it can go to about 0.000015. I just bought some at about 0.00001. But with an eye on the 0.00001 and on the 20 day moving average that has supported the price as a mental stop.

[SkyValeey]

What's about DRK? below 54 or not?
i think yes, maybe even below 5 this week...

[SkyValeey]

Any update about DRK? Hmm fake walls 600k and 630k removed, but still very boring and lazy...

I wish 694.9k + next days 

[TsuyokuNaritai]

And speaking of MintPal I think the signs are definitely pointing to them using customers' DRK holdings to short-sell DRK. This is still a pretty preliminary theory of mine but I'm noticing things from MintPal that just don't make sense and circumstantially point to them going short DRK. I'll explain later and will come up with a way for the community to test this theory soon.

Crash Mintpal - Buy Darkcoin!

[hiddensphinx]

Following this thread 

me too 

[Trivelius]

Excellent job Jesse! +1

[SkyValeey]

GB - just bulltrap or bullish flag to new flag soon and break new high? 
Bullish cap and handle pattern?

[M4B0X]

http://i1070.photobucket.com/albums/u492/JesseLivermore/BTC82714_zpsec339fa0.png
Let's look at the mother-of-all-whales, BTC.
Right now there is a short-term inverse head-and-shoulders about to complete above a breakout of 524 on BitStamp. From there the target (T1) is just over 560....well if it breaks above 545 it will also trigger a larger inverse head-and-shoulders pattern which targets about 610 (T2).

Something to keep an eye on.
JL

Something fishy these days...
Was looking at Bitfinex, big players forcing traders into positions where they will get burned.
Similar fatwallet games in LTC market.

[dannyspk]

Interesting thread. Let's hear your observations on a possible falling wedge pattern in XC. What do you think?

[AizenSou]

DARKCOIN!!!!!

Funny how this works out that I am now going long, yet again, on Darkcoin after having recent successful and unsuccessful trades back and forth in it.
This one, though, looks good. Real good.
First off, there is a rather ugly inverse head and shoulders pattern here and while it has technically been broken already to the upside on MintPal, I believe what is happening is a whale is trying his best to accumulate without getting an ugly 30%+ fill price. There are few coins available on the ask without popping price. This is my own speculation but I believe it's an insider, connected with Evan or Kristov how is doing this accumulating here.
Second, this is the most basic of basic of chart-reading, there is a double-bottom that happened yesterday across all three major exchanges (MP, Craptsy, Bitfinex) and now we have actual buying pressure which is also corresponding with what could be really favorable reviews by Kristov Atlas perhaps.

So as you can see, the initial target is .006 with a stop below a break of the double-bottom across all three exchanges.
Trust me, I would like nothing better than to stay away from any more Darkcoin trades, but my gut is telling me this is the final end of the Darkcoin downtrend from May.
Technically, I would need to see a break above the falling trendline at .008 for confirmation though.

JL

One of the best threads which worths visiting in BCT now. I still regret didn't buy GB at 800 sat according to your post. Thanks for the excellent posts.

[fuddudle]

Looking at the order book IOC has double the sell volume. How did you come to justify this?

[TsuyokuNaritai]

Order books are useless for predicting future direction unless you are the big holder trying to get in or out.

Most traders want instant fills and don't even put their order on the order books and instead just jump on the best ask or bid. Darkcoin is an excellent example of this. For about the past 2 months the buy order book has been stacked most of the time and sell order book minimal and yet price went lower and lower. This was because other traders wanting out right away were consistently hitting the best bid with large sells and eating away at the buy book.

You've essentially contradicted yourself. In the scenario you just described, the price would have crashed much harder if the bids were extremely thin and much less hard if there were gigantic whale-sized bid walls. Order books are of limited predictive utility, but believing they have no effect at all on future price movement is spectacularly silly.

[Propulsion]

IOCoin still looking good, could use more volume now though.
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.

Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.

What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).


Let me know what you all think.
JL

How about I just give you 5 btc and if you double it, you take 10%?

[TsuyokuNaritai]

"Jesse Livermore Trading Coin"

I'd be quite tempted by this if I hadn't been burned by TradeFortress.

Suggestion: If you could figure out a way to do this with some kind of collateral held in escrow there'd probably be a lot more interest.

[AizenSou]

IOCoin still looking good, could use more volume now though.
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.

Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.

What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).


Let me know what you all think.
JL

I will support it. Just tell when do you start.

[kelvng105]

IOCoin still looking good, could use more volume now though.
Also, Darkcoin is looking like it will blast off big here soon. All it does is consolidate more and more. Not much more consolidation is possible until that thing pops and officially breaks out of this many months-long downtrend.

Moving on to a new endeavor I'm thinking about...
"Jesse Livermore Trading Coin"
With Viacoin anyone can create a coin for trading, and send distributions (dividends) to coin-holders. I'm thinking of starting a coin there which would allow you all to directly benefit from trades I perform. I think something along the lines of an exchangeable coin with a 10% bi-weekly distribution of trade profits to all coin-holders would be cool.
So you would buy the coin with VIA, I would use that VIA to trade into other coins and hopefully earn some profits.

What's the benefit to me?
Nothing at first but I figure eventually (maybe a couple weeks into it) a flat 5% of profits performance fee with a high water mark (http://en.wikipedia.org/wiki/Performance_fee#High_water_marks).


Let me know what you all think.
JL

Sure.. use VIA and XCH .. this will be interesting

[hiddensphinx]

IOCoin is to appear on Mintpal V2 while lots of coins will be removed..thought JL?

http://blog.moolah.io/2014/09/01/mintpal-v2-tentative-market-listing/

[btcdrak]

I would love to know your TA for via now. There's been a lot of trading activity today.

[fuddudle]

JL Covered some basic TA for spotting volatile movements.

Volumes speak volumes about price

What I would like to add is whether JL can explain how to use the volume bars (Light blue and black) on bittrex to show trends.

Right now, I see TA serving some major use but you have to remember that market conditions are not really in equilibrium.

Therefore, TA to spot non free markets of coins is where its at.

Furthermore, reading charts means that some given amount of what is happening has already happened. Whales often get in and get out way before that. At points where dips seem like attractive buys, its learning back towards a perfect market where all alternative substitutes are considered. Clearly this isn't the case.

DRK had a major dip and continuing downtrend for sure, but that had hardly anything to do with market sentiment towards the coin.
A group takes it long and then leaves it. The lack of push upwards and outward flowing market cap means more and more coins dividing into smaller and smaller market cap value. A decrease in price per coin.

The clear winners for whales at this point are not coins that have been pumped before, because the % gains (yes people only care about profit and %'s) don't measure up to investing in new coins and taking their cap high then exiting.

I don't believe DRK will go up organically as a result of an RSI signal, I believe it'll go up because some larger whales feel like playing it again.

If you look at the front page of bittrex and look at what the highest volume coin is day to day, their daily highs, and lows, its almost a new coin every single day.
BTC and LTC are less receptive to these huge swings because it takes much larger whales to influence price, but they do still happen. However compared to the new coins coming in everyday, no comparison.

What are you thoughts JL?

[masternode]

I would love to know your TA for via now. There's been a lot of trading activity today.

Hey there, VIA developer, it basically looks like VIA got pumped with volume when it broke and held 32k sats. It looks like many parties came in and tried to pump it and play it, and I was briefly watching the volume time-and-sales and was surprised to see many large sales meeting those large buys, hence VIA didn't pop up more and reach my 46k sat target. I will now remove 46k as an initial target because it looks like it might be targeting something higher.

As an aside, I'm kinda disappointed that once again my target was just slightly under-cutted. It is obviously possible some whales are slightly under-cutting me and jumping the gun on my targets.
The simple solution would be to stop giving out targets or move to Twitter with "I am selling now" posts....or stop posting trades and setup a Jesse Livermore Trading Coin on VIA.
We'll see.

Overall though the fact that VIA has not crashed/dumped with any kind of real volume behind it (yet) is a huge positive for bulls. On the other hand, this lack of conviction volume can push the price anywhere including down down down, however I think as long as 32k isn't pierced, this should see higher-highs above today's high.
JL

JLTCOIN on ClearingHouse would be awesome.  I'd buy some just for fun.  And if you deliver, I'd buy more not for fun.

[andreibi]

"Jesse Livermore Trading Coin"

Do it!

[J9901]

Do it Jesse.

JLT @ XCH. I'll buy some in a heartbeat.

[RichardT]

@Jesse Livermore: 

Have just recently been introduced to your thread.  Read through all your comments on this thread and through some of your previous posts in your history (sorry for being a stalker).  You seem very professional and know what you're talking about.  Definitely peaked my interest.  Would like to hear what you think about Keycoin.

[EtherCoin]

Taking a medium-term position in BTSX-BitSharesX on Poloniex here in lower-6000 sat range. Volume is now tight and price has a beautiful base. Huge potential building up. Definitely could be a brand new niche in the Cryptos world they have going there.

Thanks for input so far, too.
JL

Total coins are 2 billion, what kind of price do you think the coin could have in its maturity?

Eth.

[EtherCoin]

Taking a medium-term position in BTSX-BitSharesX on Poloniex here in lower-6000 sat range. Volume is now tight and price has a beautiful base. Huge potential building up. Definitely could be a brand new niche in the Cryptos world they have going there.

Thanks for input so far, too.
JL

Total coins are 2 billion, what kind of price do you think the coin could have in its maturity?

Eth.

Truly hard to speculate on BTSX's, or any crypto's, price at maturity. If BTSX fulfills a better, more efficient way of running an exchange and bank then what exists already, then the sky's the limit.
JL

Well I consider you a really skilled TA guy, of course my question would be a bit hard hehe.

What I mean is the fact that the 2B is quite a big qty of coins, but it decreases daily with transactions (not sure how it works exactly), so all this factors kick into the already difficult task.

Anyway your call was great.



Eth.

[EtherCoin]

Count me in... my wallet is still synchronizing, as soon as I can I will get some of those assets.

Eth.

[EtherCoin]

Getting this error while trying to purchase asset.



Eth.

[AizenSou]

Introducing the JLTradingCoin on ClearingHouse (clearwallet.co).

I have created a ClearingHouse token with 100,000 total tokens and put 50,000 of them on the ClearingHouse Exchange. I will start the exchange rate at 1 VIAcoin for 1 JL coin. Going forward though I believe I will have to set the NAV based on each days asset appreciation and depreciation.
To purchase JLTRADINGCOIN's you first buy some VIA coin at Bittrex or Poloniex and then transfer into the clearwallet.co ClearingHouse site address. From there you just purchase as much JLTRADINGCOIN as you wish (at first I will stress that you should only send a minimal amount because I am going to figure out the best way of doing distributions, withdrawals and deposits) and I'll do a daily sweep of new buys and try to do a twice-weekly sweep of any JLTRADINGCOIN token sell orders.
My plan for now is to do a bi-weekly distribution of profits. All you have to do is hold JLTRADINGCOIN and the ClearingHouse system will automatically distribute VIAcoin to your address.

You Must Agree to these Risks before purchasing JLTRADINGCOIN:
1) This trading plan could absolutely fail and your principal could be lost. I REPEAT, DO NOT BUY AN AMOUNT THAT YOU CANNOT AFFORD TO LOSE. I will not run off with your coins but I make no guarantee that I will be successful at this endeavor.
2) Due to the conversion to VIAcoin that is required, this endeavor is reliant upon the VIAcoin exchange rate staying steady.
3) I make no guarantees of performance whatsoever. Past performance is not a guarantee of future success. Do not forget that.
4) If something happens to me or incapacitates me I will be unable to purchase back anyone's JLTRADINGCOIN's if they want to withdraw. Additionally, I may be unable to do daily sweeps of any new buys. Additionally, if something severe happens I do not currently have a back-up plan yet in place. I will work on educating a family member of mine who is also heavily-invested in Bitcoin though, so he knows how to access my ClearingHouse account to perform any withdrawals.
5) I am not a financial advisor and make no claims as such. This topic on bitcointalk was solely made for educating and this JLTRADINGCOIN is solely an experiment in connecting a coin to trading activity.
6) I hate to do this one, but you must essentially think of this coin right now as a donation to me. Again, I will not run off with your coins (I am in fact in the process of pursuing someone who did run off with many of my Darkcoins, re: https://bitcointalk.org/index.php?topic=626715.0;all) but to make this 'legal' I must insist that you treat this as a donation to me and I will treat any distribution and withdrawal back to you also as a donation to you. Having said that I hope you understand how much I do not want people to purchase large amounts of JLTRADINGCOIN right now. This is a fun and interesting experiment which one day could be huge!
7) I will post all trades after the fact now as soon as JLTRADINGCOIN's get bought.

Here we go!

JL

Edit: I will give the VIA coin address tomorrow where any purchased JL tokens go to. Additionally I will outline my fee for ''managing " and other things I forgot to mention above.

Right after I sold all of my VIA? Any chance of joining in with other coin, DRK for example ? Thanks JL in advance.

[Macno]

10 Via invested, good luck!

[EtherCoin]

10 Via invested, good luck!

I am getting an error all the time that i try to purchase, mh am i missing something?

Look above for my error window, have u seen anything like that?

Eth.

[Macno]

10 Via invested, good luck!

I am getting an error all the time that i try to purchase, mh am i missing something?

Look above for my error window, have u seen anything like that?

Eth.

No, sorry, everything went fine for me.

[EtherCoin]

Reported in VIA forum, IRC , XCH forum, no answers.
Anyway I found the glitch, looks like I cannot do transactions for more than certain amount at once

If i split the orders, it goes through.

Eth.

[EtherCoin]

Check your PMs btw )

Eth.

[btcdrak]

Really short-term one here:
Darkcoin's been making higher-highs and higher-lows for the past 12 hours; looks like a breakout's imminent. A breakout would be above .00535 and would target .0055 initially and then .0058 and then who knows what; falling below .0049 might negate this trend.
I'm already quite long DRK so won't go long(er) but will watch.
JL

Edit: These prices are based on MintPal for their high DRK volume.

Both targets (.0055 and .0058) were easily reached on DRK.
It is short-term do-or-die time now for DRK though.
My guess is these circled trendline resistance markers, at .0065 and .0072, will be hit soon, maybe even within 24 hours. If DRK just bounces into them and continues to consolidate again it wouldn't be horrible but if it bounced off them and fell on volume that would be a different story. Luckily there is a conglomeration of support/trend lines below us now at .005.
Hopefully, to continue this move, it breaks them or at least stays very close to them before finally breaking them on huge volume.
FYI if it broke these trendlines my first target would be 0.013 due to the inverse head-and-shoulders pattern which has been developing over the past couple weeks/months.

JL

Looks like we ran right into .0072 trendline here. Give it some time to break above that.
And I'm working on reconciling the JLTRADINGCOIN addresses; it seems the ClearingHouse system lets you create and add coins however it doesn't let you destroy coins. So if I wanted to do a 1% distribution right now it would end up under-paying JLTRADINGCOIN holders due to there being too many coins owned by my originating address. I believe I will send out the remainder of coins (ie many more coins) to the addresses who bought in order to correct this and the starting NAV will go from 1 VIA = 1 JLTRADINGCOIN down to 1 VIA=.0005 JLTRADINGCOIN's or so.
JL

You can test things out safely at testnet.clearwallet.co. PM me your testnet address and I will send you some testnet coins.

[kelvng105]

"donated" 550 VIA.. let's see how this goes.. GL and I believe in you JL

[Capt Drake]

What's your thoughts about Stealthcoin?

The price is increasing like crazy.

[Pansyfaust]

Bought 25 JLcoin

Watch them graphs :p

Also, thoughts on ShadowCoin?

[Capt Drake]

What's your thoughts about Stealthcoin?

The price is increasing like crazy.

I had a small piece of it on 7/27 and sold for 3x a couple days later (https://bitcointalk.org/index.php?topic=681725.msg8059340#msg8059340).
It's incredibly thinly-traded (1 BTC can make that thing pop). I saw it's pop a week ago up to 4k, my guess then and now is that a large whale group decided to make Stealth their pump-and-dump flavor of the month because it's exhibiting all volume signs of heavy buyers with some significant selling every now and again. In fact, it looks to have had a pretty significant bout of selling about an hour ago which could loom over price for awhile. I wouldn't say we've seen the top; I liked their dev team for a reason and I'm sure if price breaks down now on heavier volume it'll be back up eventually.
JL

There's some kind of bot that fills the order book with tiny sell order's of 20 XST.
So that we can't see the order book completely, and when the price moves, you only see BUY orders in the market history :/

[EtherCoin]

It is good that you acknowledge the trust that people is open to put on you, I am hoping it will give you a reassurance feeling, that will go no doubt with some weight of responsibility.

Judging from your posts I guess that is what you feel, and that is exactly how it should be, meaning all goes on naturally hehe..

Eth.

[EtherCoin]

First things first, I'm not selling any more JLTRADINGCOIN's until I can get the hang of things. Proceeds grew to just over 1 BTC pretty fast and I would like a couple days to figure this whole process out and get a rhythm on it before it gets ahead of me.

Well again, it shows two good things in my book, one having responsibility and the other a systematic procedure attempt. Again, both I like.

Second, as far as a true donation "fee" for me goes, I'll stick with a flat 5% of profits when I pay them out bi-weekly (every other week). I will also have a high-water mark like I mentioned whereby I'm not taking a "fee" unless we're making higher-highs and sending out profits. So I don't get any true benefit here unless the thing performs. I think it makes sense to post trades after-the-fact versus during just because I don't want to give any 'nefarious' folks a chance to dump on the JLTRADINGCOIN longs on purpose.

Sounds reasonable, agreed.

Lastly, I think since a couple of you are 'large fishes' so far in the JLTRADINGCOIN, instead of maintaining a twice-weekly window for withdrawals it'll be easiest at first to just PM me that you want to do a withdrawal and what amount.

You mean that we have to request the retrieval of the profit from the dividends of the successful trades or it is in case we want to sell our shares (the JLcoins themselves)?

Eventually it'd be cool to just let the ClearingHouse market exchange takeover for doing that (ie if you wanted to sell JLTRADINGCOIN you'd post a sell and wait for someone else to fulfill your sell. It would likely be at a discount to NAV).

I might be wrong, but I don't think anyone is even thinking about selling, we haven't even started lol.

Well this is how it should be IMO.
And with regards to withdrawals, the JLTRADINGCOIN will need to be priced at a NAV (Net Asset Value) that makes sense; so if profits go up and there are more assets for the same amount of JLTRADINGCOIN in the market, your JLTRADINGCOIN's are worth more than the 1 JL to 1 VIA exchange and if there are losses, your 1 JL would be worth less than 1 VIA.

Correct, but when will you start doing the correction in price, after [insert number here] successful trade operations closed? or what kind of formula would you apply to change the price, if you are meaning the JLCs that you still have on stock?

It would be cool to post a daily NAV of what exactly 1 JLTRADINGCOIN is worth in VIA. For now though it's pretty early to do that. Currently, though, since I liquidated the VIA earlier today and again a couple hours ago at higher VIA/BTC prices than where VIA/BTC is at now, there is a small gain of 2% (NAV is 1.02) and it's completely due to exchange rate benefit because I haven't taken on any position (yet) with the exchanged BTC.
Anyhow, I don't know about you guys but this is pretty freaking interesting so far. And it's only day one...

Watch VIA volatility. Drives me crazy, got to re-position so many times in this last 48h. Highly manipulated and hard to TA IMO.

And I just sent over the last 200 VIA buy-in, so that's 2,440 VIA withdrawn today and 2,414.887 JLTRADINGCOIN's purchased (I think 20 or so of my own personal VIA was withdrawn somewhere in there. Oops, oh well, no biggie).

Should be easy to check!

- Regarding my particular case, I am still waiting to see how this all mature, if i feel comfortable with the system you develop for sharing the dividends, I would invest another equal quantity or so in short term, who knows middle/long.

Oh and mastercoin didn't even enter in the club... I expect him to purchase way more than I am doing hehe.

Eth.

[Bitdigital]

Okay good for me.

[prospect]

Have been watching this thread for a week. Trying to do some analytics my self.. you seem alot more talented though. Will probably buy me some JLT.

Keep it up!

[wom1979]

Introducing the JLTradingCoin on ClearingHouse (clearwallet.co).

I have created a ClearingHouse token with 100,000 total tokens and put 50,000 of them on the ClearingHouse Exchange. I will start the exchange rate at 1 VIAcoin for 1 JL coin. Going forward though I believe I will have to set the NAV based on each days asset appreciation and depreciation.
To purchase JLTRADINGCOIN's you first buy some VIA coin at Bittrex or Poloniex and then transfer into the clearwallet.co ClearingHouse site address. From there you just purchase as much JLTRADINGCOIN as you wish (at first I will stress that you should only send a minimal amount because I am going to figure out the best way of doing distributions, withdrawals and deposits) and I'll do a daily sweep of new buys and try to do a twice-weekly sweep of any JLTRADINGCOIN token sell orders.
My plan for now is to do a bi-weekly distribution of profits. All you have to do is hold JLTRADINGCOIN and the ClearingHouse system will automatically distribute VIAcoin to your address.

You Must Agree to these Risks before purchasing JLTRADINGCOIN:
1) This trading plan could absolutely fail and your principal could be lost. I REPEAT, DO NOT BUY AN AMOUNT THAT YOU CANNOT AFFORD TO LOSE. I will not run off with your coins but I make no guarantee that I will be successful at this endeavor.
2) Due to the conversion to VIAcoin that is required, this endeavor is reliant upon the VIAcoin exchange rate staying steady.
3) I make no guarantees of performance whatsoever. Past performance is not a guarantee of future success. Do not forget that.
4) If something happens to me or incapacitates me I will be unable to purchase back anyone's JLTRADINGCOIN's if they want to withdraw. Additionally, I may be unable to do daily sweeps of any new buys. Additionally, if something severe happens I do not currently have a back-up plan yet in place. I will work on educating a family member of mine who is also heavily-invested in Bitcoin though, so he knows how to access my ClearingHouse account to perform any withdrawals.
5) I am not a financial advisor and make no claims as such. This topic on bitcointalk was solely made for educating and this JLTRADINGCOIN is solely an experiment in connecting a coin to trading activity.
6) I hate to do this one, but you must essentially think of this coin right now as a donation to me. Again, I will not run off with your coins (I am in fact in the process of pursuing someone who did run off with many of my Darkcoins, re: https://bitcointalk.org/index.php?topic=626715.0;all) but to make this 'legal' I must insist that you treat this as a donation to me and I will treat any distribution and withdrawal back to you also as a donation to you. Having said that I hope you understand how much I do not want people to purchase large amounts of JLTRADINGCOIN right now. This is a fun and interesting experiment which one day could be huge!
7) I will post all trades after the fact now as soon as JLTRADINGCOIN's get bought.

Here we go!

JL

Edit: I will give the VIA coin address tomorrow where any purchased JL tokens go to. Additionally I will outline my fee for ''managing " and other things I forgot to mention above.

First things first, I'm not selling any more JLTRADINGCOIN's until I can get the hang of things. Proceeds grew to just over 1 BTC pretty fast and I would like a couple days to figure this whole process out and get a rhythm on it before it gets ahead of me.

Second, as far as a true donation "fee" for me goes, I'll stick with a flat 5% of profits when I pay them out bi-weekly (every other week). I will also have a high-water mark like I mentioned whereby I'm not taking a "fee" unless we're making higher-highs and sending out profits. So I don't get any true benefit here unless the thing performs. I think it makes sense to post trades after-the-fact versus during just because I don't want to give any 'nefarious' folks a chance to dump on the JLTRADINGCOIN longs on purpose.

Lastly, I think since a couple of you are 'large fishes' so far in the JLTRADINGCOIN, instead of maintaining a twice-weekly window for withdrawals it'll be easiest at first to just PM me that you want to do a withdrawal and what amount. I'll try to post the VIA buy at the JLTRADINGCOIN NAV then on ClearingHouse within 24 hours but likely sooner. I typically check out my PM's at least once a day and usually multiple times a day; same with this board. Eventually it'd be cool to just let the ClearingHouse market exchange takeover for doing that (ie if you wanted to sell JLTRADINGCOIN you'd post a sell and wait for someone else to fulfill your sell. It would likely be at a discount to NAV).
And with regards to withdrawals, the JLTRADINGCOIN will need to be priced at a NAV (Net Asset Value) that makes sense; so if profits go up and there are more assets for the same amount of JLTRADINGCOIN in the market, your JLTRADINGCOIN's are worth more than the 1 JL to 1 VIA exchange and if there are losses, your 1 JL would be worth less than 1 VIA.
It would be cool to post a daily NAV of what exactly 1 JLTRADINGCOIN is worth in VIA. For now though it's pretty early to do that. Currently, though, since I liquidated the VIA earlier today and again a couple hours ago at higher VIA/BTC prices than where VIA/BTC is at now, there is a small gain of 2% (NAV is 1.02) and it's completely due to exchange rate benefit because I haven't taken on any position (yet) with the exchanged BTC.
Anyhow, I don't know about you guys but this is pretty freaking interesting so far. And it's only day one...

And I just sent over the last 200 VIA buy-in, so that's 2,440 VIA withdrawn today and 2,414.887 JLTRADINGCOIN's purchased (I think 20 or so of my own personal VIA that I'm using to pay ClearingHouse fees was withdrawn somewhere in there. Oops, oh well, no biggie).
JL

This sounds very interesting and I would definitely like to purchase some JLTCs

Do you know when you will be opening shop again?

Cheers

[btcdrak]

Interesting fact: JLTradingCoin is the first *real* world use of an asset on ClearingHouse. Lots of people went on a name squatting exercise (which is actually pointless IMO), but JLTradingCoin is actually being used seriously and even paying out dividends. This is excellent! Congrats!

[Pansyfaust]

Interesting fact: JLTradingCoin is the first *real* world use of an asset on ClearingHouse. Lots of people went on a name squatting exercise (which is actually pointless IMO), but JLTradingCoin is actually being used seriously and even paying out dividends. This is excellent! Congrats!

Glad I was able to invest in both Viacoin and Jesse . Glad to be apart of the first real world asset on ClearingHouse.

[wom1979]

Funds are currently in the midst of a volatile trade, so I rather not open it up with assets potentially whipsawing all over the place but NAV remaining constant. I will re-open it upon completion of this trade though, which might be in a couple days from now.
JL

I appreciate your honesty and fairness.
I have a 500VIA "donation" set aside for your fund.
Looking forward to doing business with you.

Have a profitable weekend.

Cheers

[TsuyokuNaritai]

You Must Agree to these Risks before purchasing JLTRADINGCOIN:
1) This trading plan could absolutely fail and your principal could be lost.
2) this endeavor is reliant upon the VIAcoin exchange rate staying steady.
3) I make no guarantees of performance whatsoever.
4) If something happens to me or incapacitates me I will be unable to purchase back anyone's JLTRADINGCOIN's if they want to withdraw. Additionally, I may be unable to do daily sweeps of any new buys. Additionally, if something severe happens I do not currently have a back-up plan yet in place.
5) This topic on bitcointalk was solely made for educating and this JLTRADINGCOIN is solely an experiment
6) I hate to do this one, but you must essentially think of this coin right now as a donation to me... to make this 'legal' I must insist that you treat this as a donation to me

Maybe TradeFortress has left me paranoid, but that's quite a lot of "I don't need to return your coins" disclaimers.

Is your real identity known?
Are you in the WoT, or vouched for by any trustworthy community members?

[Pansyfaust]

When will JLTcoin be available to buy again? 

feel like I should put in another 25 or so just to have a nice rounded number...

[Macno]

Is there a second market?

[EtherCoin]

Is there a second market?

As soon as I figure out a simple and efficient way of posting a NAV, and also getting more buyers of the coin which would add liquidity, I think it'll allow for a flourishing second market.

Here's what I'm thinking short-term: As soon as I wrap up this trade (1-2 more days) I'd like to test out a distribution and then I'd like to open up the JLTRADINGCOIN issuance again and if I have time I'd like to amp up marketing of this thing. There is definitely a niche for a 'crypto portfolio' management-type services for those who don't have time to research all these cryptos or watch the charts.

Let me know in PM when you want to do so, i might be able to help in that aspect.

Furthermore, with the massive amounts of scam coins recently, and the overall bearish market, I think a lot of new money has become disillusioned with cryptos.

So true, that is why you should be extra careful, since the value of your issued asset is merely based in our trust on you as TA artist and trader.

I'm considering moving this over to the Announcement threads to get more eyeballs and I could pretty easily get some crypto-articles written about what I'm doing.

I strongly suggest you to do it only when all the procedures are finished, tested, possible bugs/problems polished, and optimally with already some positive results, so the argument will be a valid one to invest into, and most appealing to the main public.

Medium-term (1-3 months?) I'd like to sell out all of the initial 100k coins which would leave a decent-sized fund to trade with (40-50 BTC perhaps) and then I could easily start doing a daily NAV posting each evening (USA time).

Sounds great! Hopefully more than that. Please remember that your project is also helping VIA grow, since the only way to access to purchase the assets is XCH. Good choice IMO.

With daily NAV postings and more attention on it I imagine people would start asking for some sort of 3rd-part audit of funds just to make sure there wasn't really a ponzi-scheme going on (I hate to say it but I may have opened a Pandora's Box for all sorts of potential fraudsters to take advantage of).

Nicely thought, it is going to be requested soon or later as returns start to flow, 100% guarantee, so the sooner you are ready to adopt this procedure, the better/more professional image your project will give to investors.

Long-term (6-12+ months) I left coin issuance open-ended; so even though I set an initial limit of 100k coins I could raise that to whatever I feel I'm capable of trading, while also not completely becoming too big of a trader for the alternate crypto market.

Please be careful with this. Like you've said, is a long term step and many things will happen till we get to that point, but open-ended sounds to me like a high devaluation for the asset. My suggestion would be to let the 100k flow first for a while, if successful, the asset will greatly increase in value (due to shares limit:return ratio) and after that you can choose what is best, I am guessing that if you really come to the decision to increase the number of assets you will have to add value also, after all and even if this is a very experimental project (for crypto), please do realize that the actual investors are depositing VIAs based on the fact that there is a 100k limited shares.

If (hopefully) the time comes when you feel that the ±50 BTC operating funds are getting small, you could step up to a higher grade organization, a trading agency of some sort perhaps. If properly consolidated it could have a bright, bright future.

For now, let's see what the present give us.

Thanks for reading,

Eth.

[hiddensphinx]

just an idea...JLTRADINGCOIN should have its own website so future investors can go there to get full info about it instead of relying on this forum

[EtherCoin]

I agree with all your good points, Eth, however I wouldn't call issuing more JLTRADINGCOIN's a 'devaluation' due to the fact that the coins, like an ETF or mutual fund, have an underlying asset backing it that is being used in trading and can be withdrawn theoretically at NAV. ETF's and mutual funds issue and destroy shares all the time but there is no devaluation and no inflation going on because there is an underlying asset (a basket of stocks). So hypothetically if I issued and sold 1,000,000 JLTRADINGCOIN's there would be no effect on the value or price of the coin at all. It would simply mean the size of the JLTRADINGCOIN asset pool is larger; NAV (assets/coins) would still be the exact same as if there was only 100 JLTRADINGCOIN's.
Basically, this is not at all like the other crypto-coins out there which will devalue with inflation if they issue more coins.

JL

Point taken, yes I was thinking more in "normal coin" parameters, didn't really count with the fact that the money collected from the token purchases will be also used to trade, therefore generating bigger dividends.


Eth.

[Pansyfaust]

Like offering different risk packages with JLT coin?

I think it might get a bit complicated, especially if you have two sets of "clients" who are expecting returns. Lets say a long term trade doesn't pan out properly, but then the fewer short term trades make some headway- the people with stake in the longer-term trade might feel hard done by. Just a thought on possible outcomes....

Any other update with the original JLTcoin and dividends?

[wom1979]

Like offering different risk packages with JLT coin?

I think it might get a bit complicated, especially if you have two sets of "clients" who are expecting returns. Lets say a long term trade doesn't pan out properly, but then the fewer short term trades make some headway- the people with stake in the longer-term trade might feel hard done by. Just a thought on possible outcomes....

Any other update with the original JLTcoin and dividends?

I agree

Would it not be beneficial to just split the portfollio into different risk segments which are governed buy the length of trade?  i.e 20% long-term 30% Medium term and 50% short-term etc...

I am fairly new to trading as such however that, to me, sounds more straightforward then the potential over complications of running two seperate schemes.  
The fact is if someone doesnt want to invest in the periods that JL stipulates are to be traded then they would need to find another system that works best for them.  


I have/had 3 orders of 100 VIA - i am unsure if they have filled as yet - i will be checking later.  Looking forward to reviewing progress in a months time.

Good luck  

[coins101]

What impact will Foreign Account Tax Compliance have on the price of Bitcoin and adoption by whales?

In particular:

* Does this bring non-US Bitcoin exchanges and other businesses into the reach of US regulators?

* Will whales avoid Bitcoin because they can't exchange on liquid overseas services?

* Is this a big blow for Litecoin?

We saw that when the online gaming ban was introduced, executives at stock market listed casino operators from the UK were arrested when they travelled to the USA, because US citizens had accessed overseas online casinos.

http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-FATCA

[Pansyfaust]

Markets moving quite a bit today, hopefully Jesse traded well

[EtherCoin]

LXC and VIA going down like that... mh.

Not looking good )

Im travelling atm, but still follow the thread, ninja style.

Eth.

[tricass]

Reading through BobsSurplus pump and dump scheme it appears his group was responsible for the XST pump like I kind of figured.

Looking at volume signatures and price on XST there were definite signs of when his pump started and then the dump started....you can't camouflage a bunch of whales all buying and selling an illiquid crypto over the course of many days...

Anyhow, no need to pay his, IMO, exorbitant 'club' fee of 1 or 2 BTC he demands.... Just buy some JLCoins.
JL

loved the graph. is there a rule you stick to for when to trade out of a rising position? like out a percentage based one or do you watch for a change in the trend?

[tricass]

Hi , I am confused, clearwallet is all empty, no buys/sells at all..
what did I miss...     erm    I have my coins there and dunno what's going on .


cheers

I think JL said he pulled his sell orders. if you want to buy more he said to PM him. If you own jltradingcoins they should be visible under "My Balances".

[tricass]

loved the graph. is there a rule you stick to for when to trade out of a rising position? like out a percentage based one or do you watch for a change in the trend?

Initially I have the targets in mind, which are typically previous recently-made close-by spike-up highs, followed by further out spike-up highs further in the past on volume.
If, however, the position has a ridiculously high amount of volume in its rise, like higher volume than has been seen in the recent past, I stick it out and wait for a sell signal to form in the form of red volume candles following large green candle spike-ups.
If you look at the calls I made in XC, VRC and CLOAK you can see the large red volume candles which developed after large green candles. The large red candles were essentially the whale-pumpers finishing getting out of the position while the newbie traders were buying in large amounts at the precise wrong time. During that time you also see the sentiment on the BCT forum for the coin suddenly turn into 'we're the next Bitcoin' and other ridiculously bullish sentiments.  
It's very much an art-form if the position has this kind of momentum whereas the initial target is pretty scientific and simple. Hopefully this all makes sense.

JL

makes sense. thanks for sharing.

[AizenSou]

loved the graph. is there a rule you stick to for when to trade out of a rising position? like out a percentage based one or do you watch for a change in the trend?

Initially I have the targets in mind, which are typically previous recently-made close-by spike-up highs, followed by further out spike-up highs further in the past on volume.
If, however, the position has a ridiculously high amount of volume in its rise, like higher volume than has been seen in the recent past, I stick it out and wait for a sell signal to form in the form of red volume candles following large green candle spike-ups.
If you look at the calls I made in XC, VRC and CLOAK you can see the large red volume candles which developed after large green candles. The large red candles were essentially the whale-pumpers finishing getting out of the position while the newbie traders were buying in large amounts at the precise wrong time. During that time you also see the sentiment on the BCT forum for the coin suddenly turn into 'we're the next Bitcoin' and other ridiculously bullish sentiments.  
It's very much an art-form if the position has this kind of momentum whereas the initial target is pretty scientific and simple. Hopefully this all makes sense.

JL

All newbie traders should watch this thread. Shut up and learn from JL.
Btw the whale-pumpers will start to hate you, JL.

Thanks for your insightful comment.

[adaseb]

Its just too bad you can't short any of these alt-coins, would be such easy money.

[Bobsurplus]

 

I wanna see how this thread plays out.


EDIT: BTW, that was not us that spiked xst as you have circled on that chart. That was all the great pumper MrNet.

No credit goes to us for that masterpiece.

[bitcad4u]

Bobs next pump is dogecoin - I called it first. 

[profitofthegods]

Just saw your post in the counterparty thread and I'm interested.

Do you have any information on past performance, either in terms of growth or dividends, or is it too early for that?

[tricass]

DISTRIBUTION ALERT: JUST SENT OUT .13428269 VIA per JLTRADINGCOIN due to a profitable trade. Please check your Clearwallet to confirm this transaction.

I am still in a large chunk of this trade but will release full details when the trade is through.

Before this distribution, Net Asset Value was at 1.335. This distribution represented .1 of NAV so now NAV stands at 1.235 at Clearwallet (1.235 VIA buys you 1 JLCOIN).

JL

Nice numbers! Nothing wrong with taking profits. Looking forward to see if i get free carried on my initial purchase of JLCOIN.

[tricass]

DISTRIBUTION ALERT: JUST SENT OUT .13428269 VIA per JLTRADINGCOIN due to a profitable trade. Please check your Clearwallet to confirm this transaction.

I am still in a large chunk of this trade but will release full details when the trade is through.

Before this distribution, Net Asset Value was at 1.335. This distribution represented .1 of NAV so now NAV stands at 1.235 at Clearwallet (1.235 VIA buys you 1 JLCOIN).

JL

Nice numbers! Nothing wrong with taking profits. Looking forward to see if i get free carried on my initial purchase of JLCOIN.

Confirmed transaction received. Thanks.

[tricass]

DISTRIBUTION ALERT: JUST SENT OUT .13428269 VIA per JLTRADINGCOIN due to a profitable trade. Please check your Clearwallet to confirm this transaction.

I am still in a large chunk of this trade but will release full details when the trade is through.

Before this distribution, Net Asset Value was at 1.335. This distribution represented .1 of NAV so now NAV stands at 1.235 at Clearwallet (1.235 VIA buys you 1 JLCOIN).

JL

Nice numbers! Nothing wrong with taking profits. Looking forward to see if i get free carried on my initial purchase of JLCOIN.

Confirmed transaction received. Thanks.

I had to use a VIA coin block explorer to see the transaction. The clearwallet explicitly states it does not show VIA coin transactions and the balance history doesn't refresh when you select the VIA coin option when using the drop down list.

[Pansyfaust]

Got the transaction. Awesome

However, I'm still not able to buy more JLT coin. I PM'ed you regarding buying some, you said you had put more up on the 12th, but I was still not able to buy any.

[profitofthegods]

DISTRIBUTION ALERT: JUST SENT OUT .13428269 VIA per JLTRADINGCOIN due to a profitable trade. Please check your Clearwallet to confirm this transaction.

I am still in a large chunk of this trade but will release full details when the trade is through.

Before this distribution, Net Asset Value was at 1.335. This distribution represented .1 of NAV so now NAV stands at 1.235 at Clearwallet (1.235 VIA buys you 1 JLCOIN).

JL

Sent out .062843 BTC per 1 JLTRADINGCOIN on the CounterWallet platform.
NAV there at CounterWallet was at 1.07 but will now be at 1.01 after this distribution (in other words, VIA dropping in value these past 2 weeks caused the JLTRADINGCOINs at Clearwallet to have a nice bump up higher in NAV due to exchange rate of VIA dropping).

I am also opening up the JLTRADINGCOIN's at the CounterWallet platform for purchase at a NAV of 1.01 if anyone would like to purchase additional JLTRADINGCOINs.
Unfortunately, Clearwallet is still buggy when it comes to order-matching so all purchases must be done on CounterWallet with BTC for now.
JL

I didn't receive the distribution on CounterParty. Was there a minimum amount I need to own to get a payment or something?

[dutchbtc]

Awesome. Received a little over 20 VIA on my 150 JLTRADINGCOIN. It doesn't show up in my history. I needed to look at the block explorer. I'd love to buy some more but orders not showing up in clearwallet. Hopefully Drak takes care of this when he gets back.

[profitofthegods]

DISTRIBUTION ALERT: JUST SENT OUT .13428269 VIA per JLTRADINGCOIN due to a profitable trade. Please check your Clearwallet to confirm this transaction.

I am still in a large chunk of this trade but will release full details when the trade is through.

Before this distribution, Net Asset Value was at 1.335. This distribution represented .1 of NAV so now NAV stands at 1.235 at Clearwallet (1.235 VIA buys you 1 JLCOIN).

JL

Sent out .062843 BTC per 1 JLTRADINGCOIN on the CounterWallet platform.
NAV there at CounterWallet was at 1.07 but will now be at 1.01 after this distribution (in other words, VIA dropping in value these past 2 weeks caused the JLTRADINGCOINs at Clearwallet to have a nice bump up higher in NAV due to exchange rate of VIA dropping).

I am also opening up the JLTRADINGCOIN's at the CounterWallet platform for purchase at a NAV of 1.01 if anyone would like to purchase additional JLTRADINGCOINs.
Unfortunately, Clearwallet is still buggy when it comes to order-matching so all purchases must be done on CounterWallet with BTC for now.
JL

I didn't receive the distribution on CounterParty. Was there a minimum amount I need to own to get a payment or something?

Weird, blockchain shows it (https://blockchain.info/address/15JPMEVaYsiQ4bizvoxwsn2ijweYPWNVqL). Is it there now? Did it take awhile?

Sorry, I did receive it. Apparently CounterWallet excludes BTC transactions from the 'recent transactions' tab in account history; I didn't realize that so when i didn't see it listed I assumed I hadn't got it. Thanks! 

[RayX12]

Clear wallet NAV at 1.3 this morning. I'm going to try yet again to see if the coin-trading issue has been resolved yet so I'm putting 10k for sale at 1.3 VIA per 1 JL coin.
JL

Doesn't look like btcdrak has fixed the ClearWallet order matching yet because I don't see these 10,000 JL Coins for sale on the JLTRADINGCOIN order book still. Not cool.

JL

Edit: NAV is getting volatile, so I'm taking down JL Coin sells for now until things chill out.

I tried to buy this morning at nav 1.1 and then I cancelled after 4 hours.  The strange thing is that I originally transferred 210 via coins and now there is only 207.899 VIA  Does the wallet take coins for every cancelled transaction or what.  This is the first time I used this clearwater wallet and asset purchasing so I am unfamiliar on how this works.
Thanks
Ray

[kelvng105]

DISTRIBUTION ALERT: JUST SENT OUT .13428269 VIA per JLTRADINGCOIN due to a profitable trade. Please check your Clearwallet to confirm this transaction.

I am still in a large chunk of this trade but will release full details when the trade is through.

Before this distribution, Net Asset Value was at 1.335. This distribution represented .1 of NAV so now NAV stands at 1.235 at Clearwallet (1.235 VIA buys you 1 JLCOIN).

JL

Received. Thanks!

[abomnibus]

I was wondering why the inactivity with VIA and Clearwallet, did some snooping around to see that drakbtc is in meetings in London now, he posted (below) on VIAcoin thread.  I've been using clearwallet and it's obviously broken right now, but hope we can remain patient while he's over there working away on the project.

Hi everyone,

As you know I'm in London with Peter Todd. There's a lot going on and it's hard to communicate much like I used to. Having lots of meetings and making lots of new connections. Peter and Amir were guest speakers on the Ethereum panel. It was a nice experience with a nice crowd. Seems quite a few people have heard of Viacoin which was interesting for me. In any case I'm going to be in London until at least Wednesday and therefore not as active as I would like online. We've also got a lot of work to do but I'll at least tweet occasionally from @viacoin and @btcdrak and if possible write something in this thread.

There are some pretty epic developments in terms of technology and things we can explore with viacoin. Looks like there are some more really interesting OP codes to add to the scripting language for viacoin. The blockchain notary code is done, but I still need to merge this in. I obviously need some quality time to do so.

Anyway, have a nice weekend.

Drak

[Pansyfaust]

JLTRADINGCOIN NAV on Clearwallet at 1.60 VIA per 1 JL Coin; NAV on CounterWallet is 1.3 BTC per 1 JL Coin.
So things are looking great. I'm going to try yet again to put up coins for sale on Counterwallet at that 1.3 BTC per 1 JL Coin price now to see if there's any new buyers.

Edit: Clearwallet continues to have bugs and not displaying orders. I'm considering sending back all VIA principal and profits and shutting down the coin on Clearwallet if this continues.

JL

Sigh, wanted to buy more at 1.1 NAV and again at 1.3 NAV but I can't. It keeps going up, which is great, but missing out on your good trades is leaving a sour taste in my mouth with ClearingHouse-as the first real asset created using XCH I was hoping drak would have tried to sort this out sooner since it sets the tone for future people who might want to issue assets.

Has Drak communicated with you personally at all during this issue?

[tricass]

JLTRADINGCOIN NAV on Clearwallet at 1.60 VIA per 1 JL Coin; NAV on CounterWallet is 1.3 BTC per 1 JL Coin.
So things are looking great. I'm going to try yet again to put up coins for sale on Counterwallet at that 1.3 BTC per 1 JL Coin price now to see if there's any new buyers.

Edit: Clearwallet continues to have bugs and not displaying orders. I'm considering sending back all VIA principal and profits and shutting down the coin on Clearwallet if this continues.

JL

Sigh, wanted to buy more at 1.1 NAV and again at 1.3 NAV but I can't. It keeps going up, which is great, but missing out on your good trades is leaving a sour taste in my mouth with ClearingHouse-as the first real asset created using XCH I was hoping drak would have tried to sort this out sooner since it sets the tone for future people who might want to issue assets.

Has Drak communicated with you personally at all during this issue?

personally i'd like to see you keep using clearwallet as that's what we currently need at the moment, ie, real world usage of xch and via. i'm sure drak will be able to resolve the problem when he gets back.

[tommyj1]

received tnx mate

[dutchbtc]

Way to go JL! Just placed my order for JLCOIN.

[Pansyfaust]

That was awesome, so bleak I could not get more JLT coins at 1.1. You're a market trade whisperer Jesse :p

Does this mean you also gave us back our inital investment? What happens to our original JLT coins on clearwallet if you start a new trading coin?

Would definitely like to invest more into this...

[kelvng105]

Confirmed received payment and like to point out that I gained 280~ via by putting down 400 via.

Good job.

[profitofthegods]

Be prepared for a massive distribution this morning...

I have sent out full and final distributions on the JLTRADINGCOIN out. ClearWallet folks received over 1.5 VIA for every 1 JLTRADINGCOIN while Counterwallet received 1.43 BTC for every 1 JLTRADINGCOIN.
Here are the trade confirms:








Overall I loaded up on DRK in the lower-.006 and upper .005-range 2 weeks ago, got a little over-eager to do distributions and catch the top and then eventually sold them all off last night in the .009 range.
I think DRK will spike-up and then correct in a large manner here followed by a consolidation and I feel this is full distribution is the appropriate move right now.

Since this was a full distribution, I will close the JLTRADINGCOIN for good and startup a new "JLCOIN" on CounterWallet and ClearWallet and we will start from scratch at a NAV of 1.0.

I also plan on doing a full-on 'ANN' post to get more attention on this and really get some large deposits to trade with and shutting down this forum in a couple days.

For now, I will post the new JLCOIN's for sale at a NAV of 1.0 this afternoon and start this mother up again.

JL

That's great, much better than I expected, thanks!

[Bobsurplus]

So whos the whale to be watching these days Jesse?