|
Title: How to manipulate All Altcoins Post by: barwizi on May 31, 2013, 06:50:16 AM I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping ;D ;D. Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners?
Title: Re: How to manipulate All Altcoins Post by: jasonslow on May 31, 2013, 06:52:29 AM Great work, I discovered this last week.
Title: Re: How to manipulate All Altcoins Post by: wiggi on May 31, 2013, 06:14:28 PM You place buy order, get filled, then people want to dump...
How can you possibly profit from this, by selling to the guy who topped you? Title: Re: How to manipulate All Altcoins Post by: diegodos on May 31, 2013, 06:17:34 PM I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping ;D ;D. Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners? its all want to say : i hate crypsty.com Title: Re: How to manipulate All Altcoins Post by: com911 on May 31, 2013, 06:24:02 PM You place buy order, get filled, then people want to dump... How can you possibly profit from this, by selling to the guy who topped you? You can place buy order like 0.001 btc :) Title: Re: How to manipulate All Altcoins Post by: e521 on May 31, 2013, 06:35:16 PM I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping ;D ;D. Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners? its all want to say : i hate crypsty.com ^^^^^^^^^^^^^^^^^^^^^^ Title: Re: How to manipulate All Altcoins Post by: tim13n on May 31, 2013, 08:14:12 PM very cool idee!
Title: Re: How to manipulate All Altcoins Post by: Elwar on May 31, 2013, 08:33:57 PM Manipulating alt coin prices are easy. Dropping $1k in there is usually enough to move things the way you want.
Title: Re: How to manipulate All Altcoins Post by: mullick on May 31, 2013, 09:17:25 PM Manipulating alt coin prices are easy. Dropping $1k in there is usually enough to move things the way you want. It is almost too easy to start a dump Title: Re: How to manipulate All Altcoins Post by: r3wt on May 31, 2013, 09:18:59 PM I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping ;D ;D. Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners? its all want to say : i hate crypsty.com i do as well. the system in place is fundamentally flawed. it almost encourages dumping en masse. Title: Re: How to manipulate All Altcoins Post by: Oldminer on May 31, 2013, 09:19:56 PM Same thing happens with Bitcoin - its just on a larger scale
Title: Re: How to manipulate All Altcoins Post by: cryptohunter on May 31, 2013, 09:21:15 PM yeah coinchoose needs to really look at volumes really as well as just the price.
Title: Re: How to manipulate All Altcoins Post by: Ethicoin on May 31, 2013, 09:25:48 PM I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping ;D ;D. Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners? FINSEC is tracing your IP and getting a lock on your biosig from a satellite in space as we speak ;) EDIT: This is a joke! :D Title: Re: How to manipulate All Altcoins Post by: sal002 on May 31, 2013, 10:12:08 PM yeah coinchoose needs to really look at volumes really as well as just the price. Bumped :) Title: Re: How to manipulate All Altcoins Post by: champbronc2 on May 31, 2013, 10:17:29 PM I still don't understand how any money is being made here.. What?
Someone wanna explain? Title: Re: How to manipulate All Altcoins Post by: digitalindustry on May 31, 2013, 10:31:42 PM manipulate away its all part of the market - may as well do it while you can . although what you discribed is not actually manipulation .
Title: Re: How to manipulate All Altcoins Post by: defaced on May 31, 2013, 10:35:38 PM manipulate away its all part of the market - may as well do it while you can . although what you discribed is not actually manipulation . this. exactly what i wanted to say but you beat me too it. Title: Re: How to manipulate All Altcoins Post by: barwizi on June 01, 2013, 02:53:10 AM pxc pump in one hour
Title: Re: How to manipulate All Altcoins Post by: psybits on June 01, 2013, 04:13:24 AM pxc pump in one hour Which exchange? Not that I participate in this kind of thing ... Title: Re: How to manipulate All Altcoins Post by: barwizi on June 01, 2013, 04:20:04 AM pxc pump in one hour Which exchange? Not that I participate in this kind of thing ... lets start small, cryptsy, when it's profitability rises, the mindless ones will flock to it, raising the difficulty and price, once the price is high enough, we dump and run for the hills. although that may kill the coin when people start shifting to other coins again. Title: Re: How to manipulate All Altcoins Post by: digitalindustry on June 01, 2013, 06:20:24 AM pxc pump in one hour Which exchange? Not that I participate in this kind of thing ... lets start small, cryptsy, when it's profitability rises, the mindless ones will flock to it, raising the difficulty and price, once the price is high enough, we dump and run for the hills. although that may kill the coin when people start shifting to other coins again. the only thing that will destory the currency is a lack of support for it , nothing you do. you should understand that. 0 + 0 = 0 you can play in the middle and have some fun but. Title: Re: How to manipulate All Altcoins Post by: sal002 on June 01, 2013, 05:07:27 PM Did it work?
Title: Re: How to manipulate All Altcoins Post by: barwizi on June 01, 2013, 05:51:53 PM hahaha, i knew you were watching my post, it worked until phenix "disappeared" havent tried since. i will when i get a new p/s
Title: Re: How to manipulate All Altcoins Post by: True___Blue on July 23, 2013, 11:09:51 AM I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping ;D ;D. Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners? when you say "close to the lowest sell order" do you mean slightly above it or slightly below it? |