What a mess. I had 1365 Air and sold for dirt after reading the pre-mine got dumped at 550 and 551 SAT. If the person that bought them for that is reading this they can make me an offer to buy them back, but there's no way I'm spending ten times to get back onboard this fiasco.
Sure..if you sold them to me, you're welcome to have them back. Is there a way to show what happened, just so I don't get multiple claims.  All I ask in return is you help with with some technical questions about cryptos...as...I'm really dumb about some aspects of it all. I alos bought some at .00005...too I think..maybe 500....can't quite remeber I'm posting a pic of my trade history on Poloniex here... Yes someone else had sold before me at 300 Sat that was another sign that the pre-mine had been dumped to me at the time. https://twitter.com/Dragonseer/status/459862367413604353/photo/1My Aircoin address is: AFnSf83T12Dug8CvxtnCeN94x6oD2cXNWb I'll pay you back in Bitcoin if you are willing, and of course help you with some technical questions about Cryptos Wow...i didn't even realise till now that they traded so low....here is my trades 2014-04-26 02:34:05 Buy 0.00003000 336.22218155 0.01008666 2014-04-26 01:10:33 Buy 0.00005000 236.87748045 0.01184387 2014-04-26 01:10:33 Buy 0.00004997 227.34595715 0.01136047 2014-04-26 01:10:33 Buy 0.00004994 235.7765624 0.01177468 2014-04-26 01:10:12 Buy 0.00003000 50 0.0015 2014-04-25 13:10:16 Buy 0.00003000 2000 0.06 2014-04-25 07:14:08 Buy 0.00005000 617.60665388 0.03088033 2014-04-25 06:14:06 Buy 0.00005000 3.719 0.00018595 2014-04-25 06:00:07 Buy 0.00005000 3.719 0.00018595 2014-04-25 05:48:08 Buy 0.00005000 3.719 0.00018595 2014-04-25 05:34:07 Buy 0.00005000 14.877 0.00074385 2014-04-25 05:25:35 Buy 0.00005000 45.20234612 0.00226011 2014-04-25 05:20:07 Buy 0.00005000 3.719 0.00018595 2014-04-25 05:16:07 Buy 0.00005000 3.719 0.00018595 2014-04-25 04:54:07 Buy 0.00005000 3.719 0.00018595 I thoughts 0.00003 seemed cheap. I'll give you 500 if the person who bought the cheap ones isn't around. I have enough... |
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What a mess. I had 1365 Air and sold for dirt after reading the pre-mine got dumped at 550 and 551 SAT. If the person that bought them for that is reading this they can make me an offer to buy them back, but there's no way I'm spending ten times to get back onboard this fiasco.
Sure..if you sold them to me, you're welcome to have them back. Is there a way to show what happened, just so I don't get multiple claims. You can have them back at the same price All I ask in return is you help with with some technical questions about cryptos...as...I'm really dumb about some aspects of it all. I also bought some at .00005...too I think..maybe 500....can't quite remember |
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I just checked. Some of the pre-mined was sold off. I tracked down 5k being sold this morning that was part of the pre-mine.
I bought 2000 AIR @ 0.00003..... Seems like an odd time to sell 2000 coins for $30USD.  I wonder what will be done with the $30? Maybe the BTC will be invested in DRK? |
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Another dead coin? how is the IPO going?
The IPO went ok from my perspective. I put a small amount in and got the majority of it back. And I have a truckload of coins. It's like buying a very cheap out of the money call option. |
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The hope for this coin is that team air thinks so highly of itself that they reassess and come up with something good. Hopefully no more crap, like "we hired a team of traders"... |
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Doesn't mean there is any shorting going on. I doubt it even can be shorted. There never was enough value in AUR for shorting.
Air went to 0.15 BTC. ... But you still don't get it. The whole crypto landscape is growing very fast. It makes sense to get in on the ground floor, to see what works. People are doing this in every conceivable way. |
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AUR is going down because it was pumped up far higher that it should have been. Now there is too much supply for the demand.
I agree. But you still haven't understood. This is exactly the sort of coin a shorter would like to target. The coin went too high. There is an unusual supply due to the airdrop. This makes it an easy target for "shorters". Think about it. You have argued that it's not shorters targeting the coin but that other circumstances make the coin weak. But both can be true. Why would someone adopt a strategy of shorting a coin if there was lots of demand and a short supply? |
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I have serious doubts about the sophisticated trading and market making you claim in these tiny alt coins,
The whole thing is an experiment. The whole crypto landscape is changing so fast. Why wouldn't someone xperiemnt to see wht works...to see what will happen. To be there in place if the crypto world grows. |
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If this was the case, why wouldn't the exchange just naked short themselves? Why allow these "market makers" (using the term loosely here) to naked short, when they can do it themselves and make more profit?
They may...but it's probably not their area of expertise |
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What evidence? You have given no evidence. So far the only scam here is the FUD you are trying to create.
There is no need to try to make this personal. I have outlined the specifics of the strategies that have been happeing in AUR. If you want to try to make your case you need to refute them. At the moment you have not responded to them, The place for you to start is to go back, read them , and respond. It's not that hard. It's easy...you just go back..read them...then take the time to investigate them,,,as I did , and explain why you agree or disagree. The ball is in your court. At the moment you are just digging your heels in, although you, from the evidence here (or lack of) have made no effort, put no time into investigating, the claims I made. You got personally offended by something and now are determined to oppose what I have said without making any attempt to investigate it. If you had investigated it you would have made a specific comment about what I wrote... You have no experience with computer trading programs, as I have over several years on a daily basis. You have a small amount of experience with doing whatever your broker told you and siging whatever he told you to sign, without even understanding it. Why are you even bothering to come back when you haven't even bothered to investigate what I said? |
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It essentially sounds like you are claiming that exchanges are naked shorting. Well, either the exchange itself or the exchange is allowing a select number of traders to naked short.......
Unless the exchange has some way of proving they hold 100% of user's balances, this is a possibility.
It's the only conclusion I can come to that explains the evidence I see. Why else would the computer programs be using strategies designed to be implemented after a short position is established? I expect the market makers went and said similar kinds of things they say to other financial exchanges. "Give us the ability to sell short (in this case) and we will increase your volume ,and you will make more money." |
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How did you you turn one exchange, into some exchanges |
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If the exchange maintains 100% reserves there isn't any additional risk.
Ok...so despite all the problems (such as Mount Gox) and despite the lack of any visibility you want to trust a crypto exchange and assume it has 100% reserves? Added in edit: This looks like a good development though. http://www.coindesk.com/vault-satoshi-announces-proof-solvency-service/ |
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Then you have no basis for your claim either!
There should always be enough coins because shorting is limited to the exchange if it exists at all. The ones at risk of being liquidated are the holders of short positions.
No. Think this through. Anyone who has coins at the exchange is at risk. this is an additional risk to the normal riks in putting coins in an exchange. |
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No, you have 150,000 owed to customers, 100,000 across accounts and 50,000 the "market maker" owes. .
So there are not enough coins. Even in large markets, I've been assigned and partially liquidated when funds were needed. It happens, it is part of the risk of being short. The problem here is that you are trying to equate new crypto exchanges with some stock exchange or other you have traded on. You can't take your experience on a stock exchange and assume that a crypto exchange will be the same. If that were the case there would have been no problems at Mount Gox. You don't know what the arrangements are between the market maker and the owner of the crypto exchange, yet you are trying to tell us it will be the same as on a stock exchange. You have no basis to make the comparison you have unless you know the arrangements. |
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I have over and over said that shorting in side the exchange is a zero sum game. If you have 100,000 AUR and 50,000 where shorted you still have 100,000 coins cross the accounts. 100,000 - 50,000 shorted + 50,000 owed = 100,000.
YES!!!! You have only 100,000 across the accounts. BUT!!!....You have 150,000 owed to customers. You have the original 100,000...and you have the 50,000 that was bought from the market maker, who had no coins, but sold 50,000. |
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Yeah there was link to some sort of gambling website. When people put in their info they were never able to login to it, but the site was collecting the info and whoever runs it checked to see if the creds matched the user's cyrptsy creds. Some people's did.
edit: or that's the working theory at least
Yep..I saw that scam site. I started to put info in..thankfully I didn't use my same password. I became suspicious when it would not accept any password no matter how long and complicated I made it.I notified cryptsy...but they did nothing about the guy promoting the scam site. it was called something like predictcoin |
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That's complete BS. I started trading with about 0.3 BTC about a month back, and through a series of deliberate moves of profits and losses, I'm holding a portfolio of about 5 BTC now. You just need to work hard on researching and looking for signs and snippets of news that you can use to your benefit.
Well that is good. And not that hard like you say, if you do the work. Smaller crypto coins are by far the easiest market to trade I have ever seen, and if you'be been trading things like Asiacoin (which you mentioned) and you get it right it's quite possible to turn $150 into $2500. But there are a host of reasons why this will be difficult to continue IMHO and to do on any greater scale. I wont go into all the reasons now (unless you really would like my thoughts ), but one will be worth pointing out. Any coin market that reaches acertain threshhold will attract the attention of players who will be a lot more sophisticated, and most likely, you, like nearly everyone else will only be able to play the market from one side, efficiently. The long side. You and thousands of other players will be trying to buy cheap and sell dear, and unless you are trading small coins where you can't trade in any decent size, you will find that these more sophisticated players will make it a lot harder than you have found it so far IMHO. And a few special players with special arrangements will be able to sell short, whilst you and the thousands of other wont be able to do it efficiently, or at all (with possibly a few exceptions). Just my thoughts, but I do genuinely wish you good luck . |
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