Estimated next difficulty is less than 16. This could really hurt if I'm right. I'm still mining but as I mentioned earlier my 670 isn't going to make much of a dent.

Interestingly enough there hasn't been a strong reaction to the sell wall yet. Not really any huge purchases or sales.

I wonder how desperate this guy is to sell. I could make a huge profit in CAT if the price drops down to even the low 30's or high 20's. It's happened before, it can happen again, this time when I'm awake hopefully..

There isn't much buy support until Leo's bid at 30000.

I'm still not sure if I should sell now and hope the price keeps dropping or play it safe and just watch it.

I wonder if it's possible that he's actually that guy we've been having trouble with; the guy that keeps fucking with the difficulty? Maybe he's trying to make the coin even MORE unprofitable to drive more miners away so that difficulty drops down to a stupidly low level.

The retarget IS only 7 blocks away.

And.. the sell wall is suddenly gone.

Now I'm confused.

And now it's back at 0.00038. It almost feels like someone is actually trying to lower the price as far as possible.

We're never going to see anything above 0.0006 again are we?

I wonder if I should sell now and wait for the price to drop low enough to rebuy for some extra CAT. Knowing my luck though, that sell order will get removed as soon as I try it.

Even now it seems that there is FAR more supply than demand, and it's just getting worse.

Coin Payments Coin Vote

If I have to keep linking this..

Wait what happened to those buy orders? And now we have an 18k sell order. That isn't you Leo?

The fuck is going on

God DAMN.

Though it's still nothing compared to those whales higher up on the sell list. I wonder if we'll ever actually breach those walls.

Heh. Breached whales.

WTF @ 4.1k sale.

If it really was a lurker that sold at that price, it makes me wonder why he would do that, knowing that there's a whale attempting to push the prices up.

I just.. why?


Jesus you were at 11k like what.. yesterday? And enough BTC remaining for another 11.6k CAT at current prices. Man.

Unless you're counting that buy order as CAT of course.

I do that all the time. I'm willing to bet a fair chunk of the traders probably have this thread open right now. Granted I'm not a big trader, but still.

There doesn't really seem to be many other buyers at the moment.

It's nearly 4 BTC between two orders, I'd say so.

You know the market is in dire shape when you can identify the owner of some of these orders.

Morons.

I've seen that type of behavior quite a lot lately with CAT.

Well now we're back down to .000423. Awesome.

I agree that liquidity is desperately needed right now, but I wonder if this will be enough to generate that.

Well you're half right on the 'need money to make money' part. I mean I started from absolutely nothing and now I have 216 CAT, mainly from trading (I mainly mined DOGE just as it hit Cryptsy so it was already getting difficult to mine with my 670, I missed the CAT launch, MONA, MOON and WUBS are the only three launches I was around for and only MOON has hit an exchange so far (and even then it's only on CoinedUp and CoinEx and it's already down at a pathetic 1 satoshi). I switched from DOGE to CAT at the ~50 CAT mark, and made some from MOON bringing me up to around 90 CAT, and traded my way up from there).

I'm aiming to hit 300 CAT by the weekend, if not sooner. Which should be pretty easy if the prices increase and then drop back down.

I should also add this is my first time doing any sort of real trading (I did play a little of EVE Online and WoW so I did already have some basic experience with trading, but not with 'real' commodities or currency). Though since I'm a gamer at heart I just treat this as one big game.

Which seems to be working quite well at the moment. I'd estimate I'm increasing my funds approximately 10% each day, sometimes I get lucky and make closer to 25%, and once or twice I lost a bit (especially during the Altcoin crash over the last week or so, but I'm patient).

44000*

I'm assuming he wants to make it look more natural. Last time after that surge of buys the price dropped pretty hard. Though this time around I'm counting on that. I'm planning to sell near those mammoth sell walls and wait for the price to return to ~0.00045 or so, because looking at what happened last time that's probably what's going to happen this time too.

.. good or bad?

Wait what was the theory again?

Oh right I get paid tomorrow. I wonder if I should buy a small amount of BTC (I'm thinking $20 or so) now that I finally have a working Coinjar account.

Might have more luck in a few hours. Last time it worked so well partly because Europe was just waking up. Then again it was also Monday.

Oh right, you did say you'd have 5 BTC to throw at the CAT today. This will be fun.