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SparkyU
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September 17, 2016, 10:28:45 PM |
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Polo has quite the sell wall , 75btc at 0.0023900. The price has been going down steadily ever since the release of the pos wallet. I guess it makes it easier for everyone to stake and sell off. I guess not that many people have too much faith in the future and are holding their coins.
...and do you think this 75 btc sell wall (put under 250k sats!) looks "natural" to you?  Yes actually it does. I know you're implying manipulation, and that probably would be the case if there was some kind of news on the horizon to try and keep the price down. There isn't though. My guess is it's a long time holder that wants to get out and invest in something else. Since the entire order book isn't even that much(75btc) it doesn't make sense to sell little by little, it would take forever. Sometimes people just put up their entire order and hope some other whale is interested in buying it. |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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aamarket
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September 17, 2016, 11:06:46 PM |
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It sounds ridiculous,probably even to yourself.
You say it is a common case to put a sell order with amount of three times of a daily volume, right ?
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IMPORTANT:http://bitcointalk.org/index.php?topic=177133.0,Tips welcome BTC:1AAMARKETmJvfjDwEFmhyYYwfre7ZFVseP RIC:RGnX6LcJrsVEuYeySDDxkmH7AjRqoprcKt
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SparkyU
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September 18, 2016, 04:55:24 AM |
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It sounds ridiculous,probably even to yourself.
You say it is a common case to put a sell order with amount of three times of a daily volume, right ?
No it doesn't, I have enough market experience... I'm not saying it's common, but it does happen. If you're thinking that it's being used for manipulation then that would be pretty foolish on the seller's part. There are many people on the exchange that could take that wall away from him and call the bluff. 75btc isn't that much in the grand scheme of things and "fake" walls only stay up only for short amounts of time to minimize risk. It's still there... |
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alexrey
Member
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Activity: 70
Merit: 10
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September 18, 2016, 05:11:08 AM |
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Long time lurker. Made a wallet around the beginning and thought the CLI was not intuitive at all. But I liked mining these coins for some reason. Decided to check out what was going on last week, and really like the ease of using paymetheus. Figured out that I wasn't going to lose my wallet with the seed and eventually transferred my CLI wallet into paymetheus wallet to finally buy a ticket. Still a bit complicated to setup up the ticket in a stake pool, but its much easier than pure CLI.
What's the easiest way to buy DCR right now? Want to buy some to get more tickets as I can't mine fast enough.
The easiest way is to buy them an exchange there are lots of cheap DCR on polo and bittrex in the last couple of months. |
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aamarket
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September 18, 2016, 07:47:37 AM |
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It sounds ridiculous,probably even to yourself.
You say it is a common case to put a sell order with amount of three times of a daily volume, right ?
No it doesn't, I have enough market experience... I'm not saying it's common, but it does happen. If you're thinking that it's being used for manipulation then that would be pretty foolish on the seller's part. There are many people on the exchange that could take that wall away from him and call the bluff. 75btc isn't that much in the grand scheme of things and "fake" walls only stay up only for short amounts of time to minimize risk. It's still there... Yes, still there. Just my stupid scenario : (1) open limit sell order with three days volume for a young coin (2) start the panic, sell-off begins, buy cheap coins (3) if people buy in your sell wall, no worries, you have three days volume there, and you are selling coins you bought cheap (or get for free in premine) anyway (4) take your reward to Bahamas |
IMPORTANT:http://bitcointalk.org/index.php?topic=177133.0,Tips welcome BTC:1AAMARKETmJvfjDwEFmhyYYwfre7ZFVseP RIC:RGnX6LcJrsVEuYeySDDxkmH7AjRqoprcKt
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wontforgetU
Newbie
Offline
Activity: 23
Merit: 0
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September 18, 2016, 07:50:29 AM |
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The market cap is great, no ico? Wonderful project if no ico. Reliable dev team. Hold.
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groggin
Legendary
Offline
Activity: 1894
Merit: 1001
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September 18, 2016, 02:01:49 PM |
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The market cap is great, no ico? Wonderful project if no ico. Reliable dev team. Hold.
no ico or premine but devs do get a hefty slice of the pie. dyor |
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gnargnar
Legendary
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Activity: 1111
Merit: 1000
crypto-enthusiast since 2012
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September 18, 2016, 02:53:05 PM |
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This great coin is now entering the despair phase...
Strategy to make the weak hands sell has started : that sell wall, the replies made to remove hope ( the "oh its not fud, it's the reality" - style of replies).
It will take patience and nerves of steel during this phase, but sooner or later, this hq tech will get its right valuation.
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Jack Liver
Legendary
Offline
Activity: 1981
Merit: 1039
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September 18, 2016, 03:23:28 PM |
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ocminer
Legendary
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Activity: 2660
Merit: 1240
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September 18, 2016, 03:31:22 PM |
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suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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Jack Liver
Legendary
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Activity: 1981
Merit: 1039
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September 18, 2016, 03:37:37 PM |
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SparkyU
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September 18, 2016, 03:48:59 PM |
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Sub 200k dip. Now the real panic begins. Let's see how it all shakes out.
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clovis A.
Legendary
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Activity: 1206
Merit: 1000
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September 18, 2016, 04:08:23 PM |
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Sunday, bloody Sunday......time to buy, i guess. Saw that wall go up the other day and have been quietly hoping I would get a good entry point like this |
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Cloud storage is about to change
Are you ready?
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helloge
Legendary
Offline
Activity: 1057
Merit: 1000
The Experience Layer of the Decentralized Internet
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September 18, 2016, 04:25:52 PM |
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Sunday, bloody Sunday......time to buy, i guess. Saw that wall go up the other day and have been quietly hoping I would get a good entry point like this what happened to DCR? |
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gnargnar
Legendary
Offline
Activity: 1111
Merit: 1000
crypto-enthusiast since 2012
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September 18, 2016, 04:30:42 PM |
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Sunday, bloody Sunday......time to buy, i guess. Saw that wall go up the other day and have been quietly hoping I would get a good entry point like this what happened to DCR? I guess the low buy support + the very high interest rate (PoS 4-6% monthly) makes it unsustainable to keep Decred above 200k satoshis. We'll see... |
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Praxis
Legendary
Offline
Activity: 1118
Merit: 1004
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September 18, 2016, 04:46:21 PM |
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It's correcting above 200k again. Good opportunity to buy I guess.
Something tells me that an interesting week is ahead of us.
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gravityz3r0
Newbie
Offline
Activity: 32
Merit: 0
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September 18, 2016, 04:53:07 PM |
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It's correcting above 200k again. Good opportunity to buy I guess.
Something tells me that an interesting week is ahead of us.
Sell wall is starting to crumble, we just have to ride this one out!  Have faith! |
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dagi
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September 18, 2016, 05:13:36 PM |
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i bought more DCR :-)
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Praxis
Legendary
Offline
Activity: 1118
Merit: 1004
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September 18, 2016, 08:32:08 PM |
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i bought more DCR :-)
That's the spirit. |
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