Overleveraged buffoon creates biggest Mexican standoff in Altcoin history

[DecentralizeEconomics]

this group of Vietnamese with like 10 people in a chatroom toss out their shorts, pull buy support, then start spamming trollbox in Engrish, "Coin die now, sell everyting, coin go zero"

[BARR_Official]

So if a group comprised of 10 Vietnamese can manipulate a market of a legit project like Bitshares, what more the other projects?  But what is 'legit' in the altcoin scene in the first place?

My theory is that scammers and pumpers work in pools, while most of us are trying to compete solo.  Just like with mining, a small group of people combining their efforts will have a constant advantage over the other 99% of people who aren't coordinating with each other.

[r0ach]

Last time I saw Cagara, he claimed he made something like 90 btc shorting BTS, then claimed he lost it all going long after he shorted heh.  I stayed in longer than I should have but still ended 40% up.

[tokeweed]

Last time I saw Cagara, he claimed he made something like 90 btc shorting BTS, then claimed he lost it all going long after he shorted heh.  I stayed in longer than I should have but still ended 40% up.

How can he loose it all when he still has a position in BTS (long position)?  He could be timing the market well and make another 90 BTC when BTS shoots up.

[tokeweed]

margin

Ah true.  That could go against you too.

[Sir Alpha_goy]

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