DEVTOME.COM HOSTING COSTS HAVE BEGUN TO EXCEED 115$ MONTHLY. THE ADMINISTRATION IS NO LONGER ABLE TO HANDLE THE COST WITHOUT ASSISTANCE DUE TO THE RISING COST. THIS HAS BEEN OCCURRING FOR ALMOST A YEAR, BUT WE HAVE BEEN HANDLING IT FROM OUR OWN POCKETS. HOWEVER, WITH LITERALLY NO DONATIONS FOR THE PAST 2+ YEARS IT HAS DEPLETED THE BUDGET IN SHORT ORDER WITH THE INCREASE IN ACTIVITY ON THE SITE IN THE PAST 6 MONTHS. OUR CPU USAGE HAS BECOME TOO HIGH TO REMAIN ON A REASONABLE COSTING PLAN THAT WE COULD MAINTAIN. IF YOU WOULD LIKE TO SUPPORT THE DEVTOME PROJECT AND KEEP THE SITE UP/ALIVE PLEASE DONATE (EVEN IF ITS A SATOSHI) TO OUR DEVCOIN 1M4PCuMXvpWX6LHPkBEf3LJ2z1boZv4EQa OR OUR BTC WALLET 16eqEcqfw4zHUh2znvMcmRzGVwCn7CJLxR TO ALLOW US TO AFFORD THE HOSTING.

THE DEVCOIN AND DEVTOME PROJECTS ARE BOTH VERY IMPORTANT TO THE COMMUNITY. PLEASE CONTRIBUTE TO ITS FURTHER SUCCESS FOR ANOTHER 5 OR MORE YEARS!

Devcoin Pricing for November 2013

We have historically seen Devcoins go up and down in value quite a bit, where it is somewhat volatile. As of November, though, we have been hitting a low point, getting as low as (today) 15 Satoshi each. Whether this is something to worry about or not really depends on how you look at it. There are a couple of ways to go about it: realize that as Bitcoins go up in value (they have gone up significantly in the past couple weeks) the alts go down in value (at least in relation to Bitcoin, although they do appear to sustain their value against the USD rate pretty well) and that Devcoins are still working on making their mark. This volatility gives Devcoin a pretty good hedge against the market, in that even a small upswing will increase holdings significantly. For example, at the price of 15 Satoshi each, if that doubles to 30 you have doubled your money. Along with this, Devcoins currently have a very small barrier to entry, where a dollar can buy quite a few.

The question as of right now is whether Devcoins are going to continue their path down (which is what has been happening slowly, as there is not a lot of buy support for the coins) or if they will turn around and shoot up. A couple months ago we saw them go up from the 30's to the 80's within minutes, and we could definitely see something like that again if some great news about the coins comes to light.

Essentially what we are seeing right now is the issue of not having a real market. We have a lot of people willing to sell their coins, and for some reason people like to value them pretty low. On the other hand, we do not have a lot of buyers (as there are, comparatively, not many places to utilize them). This is leading us to the dumping situation. Luckily, there are some people talking about new services that will allow Devcoins to be traded for other things (not like an exchange, though), which may help out with making them more liquid. Along with this, we now have the site Rapidballs, so they do have a use for gambling. These two things are fairly new, and if other sites start following suit we could have some great new places to hit up with our coins soon.

Leading into December, I do not see the Devcoins pulling up yet. December (and the end of November) is a large buying season, which means people are going to be liquidating their crypto currencies (yes, that means things like Bitcoin as well) to purchase Christmas gifts. We should, however, start seeing another upsurge in the beginning of the new year, or maybe even after Christmas is over. For now, the best plan is to sit tight and see where the market goes, while not making any big decisions!

Devcoin


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