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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer on: July 04, 2014, 02:05:18 PM
Take anyone who comes in with a 2 post history claiming to be a trading expert with a grain of salt.

Obviously one of two things happened:
1. You didn't read my posts, or
2. You failed to comprehend my posts (which may be understandable given my lack of sleep at the time I typed it up)

Please tell me where I claimed to be a trading expert, or even implied I have any knowledge of trading aside from the fact I have been watching Bittrex since June 23rd. In fact I specifically said "I could be wrong though, I'm not a professional analyst by any means". Regardless, if you discredit people just because they have a low post count on this particular forum you are bound to get burned one day, in fact True Asset himself started this thread with very few posts and you didn't discredit him immediately so you are either consciously or subconsciously discrediting people based on your own biases towards this coin, and I encourage you try to keep that in check or you will likely make a costly mistake one day. I would personally be much more weary of somebody with a known bias than someone who simply has a low post count... Posts count means absolutely nothing other than you have made a lot of posts, more posts != more knowledge!

Furthermore, all that anybody here (you, me, True Asset, everyone) is doing here: Speculation! Anybody who makes a claim about this coin on this or any other forum, regardless of the amount of times they have voiced their opinion on various other coins, is just speculating! Anybody who tells you they know for a fact what is going to happen with this coin (including the people who think it will reach $300 as soon as the clock strikes midnight on the 9th) is simply lying, there isn't any other way to put it because they cannot and do not know until Uro is traded on multiple exchanges and the first person with 12500 Uro places an order and receives it.

So please, if you are going to start an argument, do not resort to ad hominem attacks against my character, especially based off of something as meaningless as post count... Refute my points or you have done nothing to add to this debate except for possibly encouraging people to be more loose with their Uro/BTC, whereas I encouraged people to look at the recent order history, use some situational awareness, and then make a careful judgement call before deciding what they should do.

That being said, I absolutely agree with traumschiff, I believe this is why were seeing this massive price increase lately. One person with about 2btc can easily increase the price of the buy orders to almost .005btc because of the low volume in the sell orders (just math, you don't need to be a "trading expert" to use simple addition), the scenarios where one person makes the price artificially high because of either market manipulation or impatience, are the scenarios I am recommending to avoid because the price usually recovers in an hour or so unless people start to panic buy which is when the price takes substantially longer to go back down (common sense unless you enjoy paying more for less). Buy orders get filled as the price of the sell orders decrease and new sellers either look to undercut or just fill a buy order to save some time.

I'm very sorry about that True Asset, I hate debating on forums because they typically result in an ad hominem any time somebody says something that someone else doesn't agree with but cannot refute with knowledge. The coin is a great idea and as I have said before I am heavily invested. My only concern at the moment is the fact that the NIERs are only committed to 12500 MT of urea each for a total of 50000 MT. is additional urea provided from the NIERs on a rolling basis as they sell off the 12500 Uro that they receive? Or do the 4 NIERs just pledge the initial 12500 and after than 12500 is purchased they are no longer on the hook to provide more Urea. Another thing I was curious about is if you are currently in the process of adding additional NIERs and which urea manufacturers in particular you are considering to add to the protocol in North America.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer on: July 03, 2014, 08:05:51 PM
I'm new in this coin, but what is causing this pump?
I bought at 137k and now we're almost at 400k, what you think ?

I think there might be a substantial dump coming. I've been reading this thread and mining the coin since June 7th and started watching Bittrex on June 23rd when they were going for .0005-6 a piece. So don't get me wrong! I am all-in with this coin, not just one of these guys coming in and bashing the concept before they understand the coin!

The pump started about a week ago when I noticed someone pumping Uro around 12pm every day and it usually decreases back to a normal value (.0008-.0013) around 3am (it hasn't the past few days). If you watch Bittrex you can see the pump currently in progress with those large sell orders that keep getting bought until the person stops at what I assume is their sell order, they then increase their large buy orders (walls) to slightly underneath their sell order causing people to panic buy and bring their buy orders over the wall (where they can sell people the Uro that they just bought at a profit) or force the people to buy from them. I'm sure a large part of this is the inevitable success of this coin as long as everything True Asset has claimed is true and we can also find some more NIERs across the globe (other potential NIERs will likely get involved after they see a successful launch and that people actually utilize the coin), but from what I have seen in this pump, the value will probably plummet in the next few days. Don't panic, just hold your coins, wait for the 9th, and don't buy while the whale is around! I'm betting on the price dropping to at least .0017 again before it goes past .01, I could be wrong though, I'm not a professional analyst by any means. It could very well just be a bunch of overenthusiastic people who have recently found interest in the coin and don't want to wait 15 minutes for their buy order to be fulfilled so they decide to pay double the price to save some time.

Watch for the suspicious pumps around 12pm EST +/- though, it happens every day (actually several times a day, but that is usually the largest). Starts with a lot of buy orders pushing up the price, then they drop a wall close to whatever buy order they decided to stop at and people can either raise the price and buy his Uro, or they can wait for him to leave.

I hope that all made sense, I haven't slept in 20 hours at this point so I'm a little tired...



Thats not a pump, that's someone buying his daily portion without increasing the price overall. The price gets increased if someone else joins.

You can't simply set a target of let's say 10k buy and just go buy it because no one is selling.

You can only do it in smaller parts.


They increase the price with that wall they throw down, it forces people to increase their buy orders past their wall. They set the target high because they know that nobody will fill the order and that people are impatient and scared of losing out and will increase their buy orders, they aren't in the Uro market for long term. They just come in quickly, cause people to increase their buy orders past their wall to get profit when they sell the orders they bought, you can watch it happening around 12pm every day. Don't take my word for it, look at bittrex and you can see it happening real-time around 12pm EST. It may not be a pump but it is very likely what was driving this price increase (Almost nobody is promoting this extremely misunderstood coin yet to have driven this 400+% increase over 2-3 days, the majority of people purchasing this coin probably have no clue what it is and are just speculating and are going to jump out when the value starts a rapid decline) and I smell a dump coming, all I'm saying is don't panic if it happens, .0017 isn't even that large of a leap, it has a 24 hr low of .00165, all that would take currently is about 900 Uro when the two remaining large buy orders are gone...
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer on: July 03, 2014, 06:59:56 PM
I'm new in this coin, but what is causing this pump?
I bought at 137k and now we're almost at 400k, what you think ?

I think there might be a substantial dump coming. I've been reading this thread and mining the coin since June 7th and started watching Bittrex on June 23rd when they were going for .0005-6 a piece. So don't get me wrong! I am all-in with this coin, not just one of these guys coming in and bashing the concept before they understand the coin!

The pump started about a week ago when I noticed someone pumping Uro around 12pm every day and it usually decreases back to a normal value (.0008-.0013) around 3am (it hasn't the past few days). If you watch Bittrex you can see the pump currently in progress with those large sell orders that keep getting bought until the person stops at what I assume is their sell order, they then increase their large buy orders (walls) to slightly underneath their sell order causing people to panic buy and bring their buy orders over the wall (where they can sell people the Uro that they just bought at a profit) or force the people to buy from them. I'm sure a large part of this is the inevitable success of this coin as long as everything True Asset has claimed is true and we can also find some more NIERs across the globe (other potential NIERs will likely get involved after they see a successful launch and that people actually utilize the coin), but from what I have seen in this pump, the value will probably plummet in the next few days. Don't panic, just hold your coins, wait for the 9th, and don't buy while the whale is around! I'm betting on the price dropping to at least .0017 again before it goes past .01, I could be wrong though, I'm not a professional analyst by any means. It could very well just be a bunch of overenthusiastic people who have recently found interest in the coin and don't want to wait 15 minutes for their buy order to be fulfilled so they decide to pay double the price to save some time.

Watch for the suspicious pumps around 12pm EST +/- though, it happens every day (actually several times a day, but that is usually the largest). Starts with a lot of buy orders pushing up the price, then they drop a wall close to whatever buy order they decided to stop at and people can either raise the price and buy his Uro, or they can wait for him to leave.

I hope that all made sense, I haven't slept in 20 hours at this point so I'm a little tired...
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