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This coin. A while. We saw a nice run up from 1 to 4 today, but the sell walls were too big and not enough people jumped on the bandwagon.
I still see MRC as a good buy at 2-3, but plan to buy and hold for a while. The walls are high so even an entry at 2 will take time to get filled. We are still holding our coins we bought in at 2-3.
If you missed our SAT 2 to 15 jump call, last nights 50% RIC buy up and today's MRC 1-4 jump follow our feed on twitter. @CoinRocket
We release news when we get news. Usually 1-2 times a week.
Best,
Strato
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you spam a lot about MRC dont you ?  it gonna take ages for MRC to move, like ECC,SAT and the rest of 1sat coins, the exception was MINT & it still is..!  It did move. From 1 to 4. |
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It is nice to see this coin in the move again. But the problem is a lot of people try to keep this price as low as possible for profit. It is easy to see how much profits were made:
- Bought at 1 sat, sell at 2 or 3 sats (200-300% profit).
- Bought at 2 sat, sell at 3 or 4 sats (150-200% profit).
- Bought at 3 sat, sell at 4 or 5 sats (133-167% profit).
With this pattern it is easy to see why the 3 sats sell order wall was put back every time.
IMHO, for this coin to make a move to 10 sats range, it needs a lot of things to be happen like alcurex announcement or block rewards drop to 20k. Right now this coin is one of the most profitable coin to mine, and some big miners just dump at 2 or 3 sat because it is for them still the best option now.
Regards,
After watching the trades... There's a small whale sitting on the buys and sells... selling @3, with a buy @2. As more people buy in, he may allow the price to swing up when he can still keep it in his control. After that, the cards fall. If the mining can pick up more though, it will change. This is looking exactly like the buy/sell wall that FTC had i previously ranted on. Anyone want to bet 1 MRC on the results? That is simply not possible due to the size of the walls. Orders are filled I the order they are received. If there are 10 BTC of buy orders at 2 and you place an order to buy at two.... You are last to fill. Your theory doesn't work. If it did it would be very easy to game the system. I agree with what you are saying exactly, but not the result. As a whale, I put in a sell order of 10BTC worth at 3, and a buy at 2 worth 10BTC. As people buy and sell, i make my profit. Now add in others... Total there's 11 BTC Selling at 3, and 11 buying at 2. If its the same person who put in the 1 BTC, over time they will join in the game too. If the 1 BTC on each is comprised of many different people, could argue i'm the only one winning. I agree, its first come first served, but if you are the bulk of the volume of standing orders, it becomes moot. in that example, 92% of the volume is passing through my hands, and I profit. When you sell yours at 2, i'm turning around and selling it for 3. Now the price could go up as people see the volume, and the price goes up, but as long as the volume doesn't kick up enough, the whale is able to create profit. By the price being so low, from 2 to 3, thats super easy to do. No one can come in at 2.1, or 2.9 and start to mess with the plan. If the price does get higher, and the gap wider... the whale will only allow the gap to grow wide enough so that if you tried to buy and sell from a different exchange the fees would eat away at the profit. *** Its going to be a little tough to read through some of the random chatter, here's the FTC forum thread discussing when their happened. Its amazing some of the chatter is the same as on here. https://forum.feathercoin.com/index.php?/topic/6276-feathercoin-on-the-rise/page-2You are right about hedging. It's old trading method and altcoins are good target because of low volume. Don't sell when price is low. Put that way, I suppose yes. But the person placing the large trades wouldn't want to place one large trade, but multiple small trades timed with entry and exit points. So he can pull last to fill orders if need be and still get his orders up front filled. Tricky, but I'm sure people are doing it. |
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I know BC was slaughtered today. But just heard word a big dump is coming.
Protect yourself with stop orders. Whales will be at it again, they were just waiting for price to rebound to sell mid levels again.
These orders are not on the charts.
Just protect yourself. We don't need another blood bath.
Strato
Trust this. They are watching closely. This has been a good ride up. As soon as buy orders are where they want them there's gonna be a big sell and price is gonna fall. Just watch yourself, and don't forget the whales are watching you right now. Sure and all should join your MRC train now... No thanks i will stick with BC ... it s in depths now. About MRC i was trying for month sold @4sat now i did it.But so many was mined in so cheap prices it will be hard for you push it high for long. So we helped you make some coin... What no thanks? It would still be sitting at 1 remember.  |
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I know BC was slaughtered today. But just heard word a big dump is coming.
Protect yourself with stop orders. Whales will be at it again, they were just waiting for price to rebound to sell mid levels again.
These orders are not on the charts.
Just protect yourself. We don't need another blood bath.
Strato
Trust this. They are watching closely. This has been a good ride up. As soon as buy orders are where they want them there's gonna be a big sell and price is gonna fall. Just watch yourself, and don't forget the whales are watching you right now. |
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I know BC was slaughtered today. But just heard word a big dump is coming.
Protect yourself with stop orders. Whales will be at it again, they were just waiting for price to rebound to sell mid levels again.
These orders are not on the charts.
Just protect yourself. We don't need another blood bath.
Strato
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Let's not talk the coin down. All the negativity pulls down any goodwill that it has.  HVC is dirt cheap folks!!!  Yea it is cheap. But honestly I just want it to hold so I can continue to sell, I'm doing so slowwwwwly. Over 400k. If I sold all at once I'd get nothing. I was so psyched about this coin, but it turned out to be just another scrypt coin using GPU. Who cares about voting. Voting never works. Just look at US elections. I'm sorry to say that I must now say goodbye to HVC. RIP.  |
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You guys do realize hes selling you coins he accumulated at 1 satoshi for 3 satoshi. Right?  I don't think so. If a whale trader want to make a move he has a better strategy. He can't alone move MRC to this height. I think he's just a trader who want to support this coin. Thank you. We bought a total of 6 BTC worth between 2-3. Still holding. I don't think 6 BTC would classify us as a whale. I wish. |
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Still some left on 3 and 4. 25btc total.
Big sell out was at about 10 and 12 UST
I expect it to be a quiet night.
Curious about tommorow. What's your take ?
Something cooking news wise and rumor wise. It may be tomorrow morning or tomorrow night. But keep an eye on our Twitter Our orders are still in of MRC. We said going in this could be a multiday rally. Holding for now,nowhere to go but up! |
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It is nice to see this coin in the move again. But the problem is a lot of people try to keep this price as low as possible for profit. It is easy to see how much profits were made:
- Bought at 1 sat, sell at 2 or 3 sats (200-300% profit).
- Bought at 2 sat, sell at 3 or 4 sats (150-200% profit).
- Bought at 3 sat, sell at 4 or 5 sats (133-167% profit).
With this pattern it is easy to see why the 3 sats sell order wall was put back every time.
IMHO, for this coin to make a move to 10 sats range, it needs a lot of things to be happen like alcurex announcement or block rewards drop to 20k. Right now this coin is one of the most profitable coin to mine, and some big miners just dump at 2 or 3 sat because it is for them still the best option now.
Regards,
After watching the trades... There's a small whale sitting on the buys and sells... selling @3, with a buy @2. As more people buy in, he may allow the price to swing up when he can still keep it in his control. After that, the cards fall. If the mining can pick up more though, it will change. This is looking exactly like the buy/sell wall that FTC had i previously ranted on. Anyone want to bet 1 MRC on the results? That is simply not possible due to the size of the walls. Orders are filled I the order they are received. If there are 10 BTC of buy orders at 2 and you place an order to buy at two.... You are last to fill. Your theory doesn't work. If it did it would be very easy to game the system. |
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Back from office visit.
Guys, this rally isn't done. Just keep watching. Buy where you feel comfortable.
It's stabilizing right now but could break out any time. I know you all want to see that happen.
We are holding our coins. This coin has no where to go but up. Please spread the word!
More to follow soon... Long trading day, time for a nap. Be back on tonight!
Strato
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Yes it is. From 1 to 4 not bad.
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I'm not selling a coin until 9.
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A new record: 115 BTC volume on mintpal. Over 350 LTC on poloniex (1/3 of the total LTC volume). With this very high demand, I believe low selling walls will be gone soon.
And I am with you, Stratobitz@, I bought .5 BTC of MRC at 3 sat (which is all BTC I had on mintpal). Hope it help. And what should we do next as supporters and community, any idea?
Post to main forum. Post to litecointalk. Post to reddit. Twitter. Spread word. It helps more than you know. Retweet me. @CoinRocket |
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No. Look through my past posts. I think not.
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Dude look at Mintpal. Nothing being bought. No good orders. No demand. Sell is thin. This coin has lost its steam.
It will either be a slow decline to nothing or a swift death if people try to cash out while they can.
Bummer. We need a real CPU coin. Even primecoin is now GPU.
Sigh.
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You could try what MMC did. New wallet. 4 to 1 value swap. Old coins worthless. Basically less coins.
In mean time take a look at MRC on Mintpal. It's moving!
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