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Offline Delinquency

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Memorycoin's Bull Run
« on: March 22, 2014, 03:40:48 AM »

MMC is definitely as low as it can go.

Supply is almost cut into 1/2 and will continue to decrease. The mining investment period is almost over.

Expect a big boost in demand once our devs release more useful projects and the CHA candidate position starts making some donations.

BUY AND HOLD

« Last Edit: March 23, 2014, 01:20:11 AM by Delinquency »

Offline KillerByte

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Re: Memorycoin's Bull Run
« Reply #1 on: March 22, 2014, 04:00:29 AM »
To be specific, 6 million of the 10 million coins have already been released... the last 4 million will be mined at a more decreasing rate over the next 1.5 (or so) years!

We just need investors.

Offline ManeBjorn

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Re: Memorycoin's Bull Run
« Reply #2 on: March 22, 2014, 06:01:03 AM »
If word gets out that will help.  Let me work on something with this info maybe it will help.
Tips Appreciated MMC | MQotia5NmKTsaXXPaN8hw2ze3Z1DNwi39s
https://www.multibet.io/index.php?ref=ManeBjorn

Offline tomorrow

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Re: Memorycoin's Bull Run
« Reply #3 on: March 22, 2014, 08:12:25 AM »
We can already see the bull's intention to come back from bter.
People with buying intentions, please create some buying orders at bittrex.
It will help to form a real market at different exchanges and avoid being removed due to zero volume.
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Offline minigwar

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Re: Memorycoin's Bull Run
« Reply #4 on: March 22, 2014, 03:11:33 PM »
We can already see the bull's intention to come back from bter.
People with buying intentions, please create some buying orders at bittrex.
It will help to form a real market at different exchanges and avoid being removed due to zero volume.

Who or what is "the bull" ?

Offline tomorrow

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Re: Memorycoin's Bull Run
« Reply #5 on: March 22, 2014, 03:18:36 PM »
We can already see the bull's intention to come back from bter.
People with buying intentions, please create some buying orders at bittrex.
It will help to form a real market at different exchanges and avoid being removed due to zero volume.

Who or what is "the bull" ?
"bull" refers to buyers and buying intentions...
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Offline city19akro

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Re: Memorycoin's Bull Run
« Reply #6 on: March 22, 2014, 03:36:38 PM »
I've been trying to buy a fair amount of coins those last few days on bter and i have to say getting them at the current market prices is almost impossible. There is so little volume traded on the mmc/btc pair that as a buyer it's really a challenge to get them. I had to switch to mmc/cny to get a minimum amount of coins. The lack of liquidity makes it very hard to get into and could put off some strong investors.

But on the other hand that also means that it doesn't require much buys to get back to previously seen levels.

Offline tomorrow

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Re: Memorycoin's Bull Run
« Reply #7 on: March 22, 2014, 03:52:32 PM »
I've been trying to buy a fair amount of coins those last few days on bter and i have to say getting them at the current market prices is almost impossible. There is so little volume traded on the mmc/btc pair that as a buyer it's really a challenge to get them. I had to switch to mmc/cny to get a minimum amount of coins. The lack of liquidity makes it very hard to get into and could put off some strong investors.

But on the other hand that also means that it doesn't require much buys to get back to previously seen levels.
That's true. Placing limit orders on several alternative exchanges will help a bit.
https://poloniex.com/exchange/btc_mmc
https://bittrex.com/Market/?MarketName=BTC-MMC
https://cryptorush.in/index.php?p=trading&m=MMC&b=BTC
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Offline Delinquency

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Re: Memorycoin's Bull Run
« Reply #8 on: March 22, 2014, 04:21:09 PM »
Our devs should really put some sell orders in on all the exchanges to add liquidity for investors.

CHA has been adding up for some time.
None of our devs are selling their MMC. Strong belivers!

Offline KillerByte

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Re: Memorycoin's Bull Run
« Reply #9 on: March 22, 2014, 07:54:17 PM »
this thread is definitely working... :)

Offline Delinquency

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Re: Memorycoin's Bull Run
« Reply #10 on: March 22, 2014, 09:14:15 PM »
Darn I was planning to buy 1.5btc worth of MMC by the end of this month.

Bter was kind enough to adopt MMC at an early time -- It should become the main place to trade MMC/BTC/CNY.

Not sure if these other exchanges can create as much volume as BTer though. However, aside from bter becoming mtbter (as for bitcoin), I think the bter exchange is safer than the other markets.

Offline KillerByte

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Re: Memorycoin's Bull Run
« Reply #11 on: March 22, 2014, 09:59:23 PM »
Darn I was planning to buy 1.5btc worth of MMC by the end of this month.

Why did you post this thread before then? :)

Offline Delinquency

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Re: Memorycoin's Bull Run
« Reply #12 on: March 22, 2014, 11:37:39 PM »
Darn I was planning to buy 1.5btc worth of MMC by the end of this month.

Why did you post this thread before then? :)

I'm not pumping to dump, I posted the OP from an unbiased technical stance.
« Last Edit: March 22, 2014, 11:43:45 PM by Delinquency »

Offline MaxPWR

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Re: Memorycoin's Bull Run
« Reply #13 on: March 24, 2014, 07:27:51 AM »
My advice:

1) Use other exchanges when possible.  Best for longer term standing limit orders / swing trades.

2) Bter dominates and has a large share of bot/arbitrage/hedging volume with MMC/CNY.  This seems to lead to some predictable market effects.  CNY has more volume due to it being more "certain" / stable to bots - these are open bot positions waiting to close...sell if MMC/CNY or MMC/BTC * BTC/CNY is greater than MMC/CNY when bought. 

3) Use MMC/CNY for market orders if possible, and MMC/BTC for limit buy orders. "Human" MMC/CNY orders only sell on a BTC/CNY decrease (hurry and buy BTC), and MMC/BTC only sells on a BTC/CNY increase (hurry and sell BTC).  Bots won't buy their own orders, which is why you sometimes see 0.2% spread on one market and 10% spread on another. 

4) Do not place limit sell orders on Bter - use alternate exchanges for that.  The bots on Bter will never execute them, except at a horrible price, and they'll only provide resistance (or worse, lead to gaps in bot orders and price jumps..).  Bots will arbitrage the two markets to give huge spreads, which will only slowly fill in with BTC/CNY volatility, so no human will buy with the huge spread...

5) Overall, the spreads slowly refill with VWAP bots and hedges in other markets, etc. It's important to keep buy support in MMC/BTC...but price won't move until bots re-value VWAP on MMC/CNY.  So, the best way to support price is in sets of three: Limit Bid MMC/BTC, Limit Bid MMC/CNY, Market Buy MMC/CNY
You can't stop the signal, Mal. Everything goes somewhere, and I go everywhere.

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Offline tomorrow

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Re: Memorycoin's Bull Run
« Reply #14 on: March 24, 2014, 09:04:48 PM »
My advice:

1) Use other exchanges when possible.  Best for longer term standing limit orders / swing trades.

2) Bter dominates and has a large share of bot/arbitrage/hedging volume with MMC/CNY.  This seems to lead to some predictable market effects.  CNY has more volume due to it being more "certain" / stable to bots - these are open bot positions waiting to close...sell if MMC/CNY or MMC/BTC * BTC/CNY is greater than MMC/CNY when bought. 

3) Use MMC/CNY for market orders if possible, and MMC/BTC for limit buy orders. "Human" MMC/CNY orders only sell on a BTC/CNY decrease (hurry and buy BTC), and MMC/BTC only sells on a BTC/CNY increase (hurry and sell BTC).  Bots won't buy their own orders, which is why you sometimes see 0.2% spread on one market and 10% spread on another. 

4) Do not place limit sell orders on Bter - use alternate exchanges for that.  The bots on Bter will never execute them, except at a horrible price, and they'll only provide resistance (or worse, lead to gaps in bot orders and price jumps..).  Bots will arbitrage the two markets to give huge spreads, which will only slowly fill in with BTC/CNY volatility, so no human will buy with the huge spread...

5) Overall, the spreads slowly refill with VWAP bots and hedges in other markets, etc. It's important to keep buy support in MMC/BTC...but price won't move until bots re-value VWAP on MMC/CNY.  So, the best way to support price is in sets of three: Limit Bid MMC/BTC, Limit Bid MMC/CNY, Market Buy MMC/CNY
Hi, this makes a lot of sense. Creating support (large limit buys) and bullish sentiment at alternative exchanges will helps a lot. A eay way could be to split the 1 buying order into 10 and fill the order book.
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