1) No 27BTC is not that much, but again that is assuming a 11 BTC volume/day where he only absorbed half of it. It's also assuming he didn't mine any, and it also doesnt count any that he has bought/is going to buy during the pump up when he forced people to panic sell. 5 000 000 (at least remember) is still about 7% of ALL of the coins that is actually quite a bit. It is unlikely for a whale to lose control of the run because once he starts selling a lot of the coins to other people, they are also going to want to sell, and if there isn't enough hype behind the pump (the whale being the main buyer throwing up the large buy walls) then that is when the panic dump starts to happen. and besides 200%-300% is a lot of money for 5 days of work, yes maybe he could make more but why take a risk over $20 000+ dollars. It all depends on whatever the real target is.
2) Low supply doesn't really mean anything unless there is a lot of demand
4) It is a bad thing if the hype from his announced pump doesn't stay and he ends up being the major person making money. Since he controls such a high percentage of the coin he gets to decide what the price is which CAN be a bad thing. It could be a good thing if he unloads his coins and people are still interested in buying and we stabilize at a higher price, but again the person with the most money and with the most twitter followers gets too much control of the market/hype
Just because there are big players doesn't mean that you should take your ball and go home. (that's totally your decision though). Why would anyone play the stock market then? There are players with billions of dollars buying and selling. For a guy with a few thousand or hundred thousand its not going to move the price and you are at the complete mercy of the bigger players. You find an undervalued stock with solid reasoning and you make a reasonable guess it will go up. If you can't play with the big boys then how do you expect to do anything? |
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Reminder that the twitter whales bought in at 500 satoshi and can dump on you whenever they want
No they didn't, the price flatlined at 500 but with such low volume, a 1 BTC order pushed it over 600 sat The price was at ~500 for 3 days with 30+ 24/h BTC volume They aren't going to pump a coin that they didn't already buy in at the low The daily 24 hour volume was actually 11 BTC when it was at 500. I'm positive it was higher than 11 BTC and it has been in 500-650 for more than three days which would be atleast $24 000 It was at 11 BTC a few hours before it started getting pumped. Please peddle your crackpot theories elsewhere. We get it, you sold your blackcoins and now you want the price to fall. Since you guys are sadly clueless as to how pumps and in general markets work (I bet you have been holding you coins since day one) I will try to teach you something  Each black line represents one day and let's pretend 11BTC volume that you are saying, even though I know it was atleast 30 for 2 of those days. In total that is a, according to you at least, 55 BTC volume over the 5 days it was trading at an average of 530~ satoshi. Even if a whale had bought half of that, that is 27~ BTC or about 5 000 000 black coin. He is then free to dump that whenever he wants to bit by bit, and also have near complete control over the market because he can force panic sells/buys whenever he puts up buy or sell walls. No, I'm not saying the pump is over. He has obviously sold some though because he is nearing 200% profit. I'm saying it is risky to buy in now because you have no idea what his/the group of whales' target is. But of course the whole idea of a pump and dump or manipulating market is just a crackpot theory and NEVER happens, especially in crypto markets (LOL  ) BTW, yes I did sell my black coin because I am not an idiot and have at least some clue how markets work. BTW, I also have been buying back at a decent price because I am not an idiot and have at least some clue how markets work. TL;DR You should educate yourself before you try to play with these big boys You make some good points ! I would also like your feedback on my counter points 1) 27 btc is not really that much. any large volume is going to run that whale out of coins fairly quickly. the whale will make 200-300% but if they sell too quick they may miss the bigger run being triggered by more people being introduced into the coin by the whales 2) on any other coin that is actively mined I would have dumped by now, but the 1% coin inflation by stake only is going to keep the supply low 3)75 million overall coins is tiny ! 4) a whale identifying good potential coins for a pump is not a bad thing, this coin has quite a lot going for it when the only game in town is popularity. It would take very little popularity for this coint to push 1000% |
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I bought all the time around 500 sold for 1020, now proposes to set a wall on 900 teeth no one tampered course everyone will throw in and wall
Did you get back in? Now up to 1050 and I don't think it's coming back down... Have heard that before, I got out at 1k made some nice money for what started off as 2 days mining and then selling at 1.4k and then just playing the market Everyone has their price, nothing wrong with locking in profits. |
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Reminder that the twitter whales bought in at 500 satoshi and can dump on you whenever they want
No they didn't, the price flatlined at 500 but with such low volume, a 1 BTC order pushed it over 600 sat The price was at ~500 for 3 days with 30+ 24/h BTC volume They aren't going to pump a coin that they didn't already buy in at the low They aren't going to pump a coin that is still undervalued too. blackcoin is not not widely distributed, its going to take a few days to get get some people who would normally never look at this coin interested. Twitter whales can recognize a good opportunity when they see one. If this hits over 100 btc volume then moving north of 1500+ a possibility. As always, trade with a grain of salt. (hopefully it stays off cryptsy for a while) |
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bid is sitting over 1k right now, pretty impressive on only 80BTC volume
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only get richer if you take your coins off the exchange
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checking out this coin. noticed some movement on mintpal
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Volume on Cryptsy + Mintpal total is around 140 BTC/day and dropping.
Keep in mind that 3.6 million coins are created each day which is around 72-80 btc.
75btc+ needs to be injected every day just to support the current price point.
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THis is a joke , after 7 hours the pools are not working.
Dev and friends are solo mining with big rigs till they are rich enoufh, then they will open pools , after that they will dump the coins.
Sadly..
Just STFU will you, I mean I can ignore you but really just shut your face you ignorant fuck. I hope you have downs or something because that is the only reason to act this way and I apologize then for picking on the retarded Hooray. We have one ignorant person getting another ignorant person to use bad language that also has the benefit of being insensitive to handicapped people. Welcome to the Internet. To the original idiot, here's a thought: if 1000+ people all show up at launch to try and mine a heavily promoted new coin, perhaps -- just PERHAPS -- you and your single CPU aren't likely to find any coins in the first few hours. It's not all the dev and his friends, it's EVERYONE WHO WANTS TO that is contributing hash rate to HVC and making it hard for you to find coins. Deal with it. Some quick and dirty math suggests that in order for us to be at difficulty 20, the total network hash rate right now is approximately 716 MHash/sec. Considering an i7-4770K will do around 80 KHash, that means we have the equivalent of TEN THOUSAND i7-4770K CPUs mining HVC right now. So if you want to solve a block, your chances with a single CPU or even multiple CPUs is pretty damn small. Even with 800 KHash available, I have not yet solved a block, and unless I get lucky I will be without any HVC until the pools get functional and I can start getting smaller payouts. All the whining right now really amounts to this: "I thought I had a great idea to mine this coin at 0-hour and I was going to be the only one there and I'd walk away with thousands of HVC and be rich enough to move out of my parents' basement!" Apparently you weren't the only one with that idea. Shocking. +1 You revealed the truth. I closed all miners. so much for being decentralized |
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Hey guys, I don't get it. We needed cryptsy so people would stop to manipulate market because MAZA would spread in large scale of exchanges, but it is not STOPing still. STILL in 5k satoshi range, where all whales gone? Or is this like a law, if they touch 1coin 1time, they can't touch it again ever???
Whales and the fish that swim along behind them are buying in and holding at those price, in anticipation of a pump later in the day. At this point I'm pretty sure that pump is coming, the question is, how high? The performance of Auroracoin is a double edged sword at this point...people want to catch another train like that, but they also saw what happened when that train reached the next station... If this coin manages to break 20k, then it should cruise to 35k+ 21k is a strong buy. till then its anybodies game. |
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sell wall at Cryptsy : 4202
Price (BTC) MZC Total (BTC) 0.00004202 236818.64393661 9.95111942 seems like a an obvious bait to drive the price lower. someone just bought 1.5 btc of it. |
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stop manipulating ppl you phat whales
mintpal going down, being friday, random forum spam is adding to the uncertainty. that being said, 4500 seems to be the floor. for added momentum up I would like to see MZC stabilize above 5500. |
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FLAP, UTC, AND MAZACOIN!!!!! CONFIRMED FOR CRYPTSY
link? i don't see anything confirmed |
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there is at least a medium term play to be had on the next wave up on this coin.
without cryptsy >> 8500
with cryptsy >> 13000+
Mazacoin is 1/3 of the volume for BTC on mintpal and 1/2 the volume for the newly opened LTC also on mintpal.
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At CryptoADHA how long does it take to see shares or balance, been mining for 1h but don't see anything apart from showing I am minig at 23GH.
3 - 4 parsecs |
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Does being on cryptsy usually increase the value of the coin?
strong maybe |
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641 btc volume on mintpal and 250 btc on cryptorush hardly crashing... That's still a massive amount of volume |
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