barwizi (OP)
Legendary
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Activity: 882
Merit: 1000
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May 31, 2013, 06:50:16 AM |
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I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping  . Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners? |
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jasonslow
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May 31, 2013, 06:52:29 AM |
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Great work, I discovered this last week.
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wiggi
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May 31, 2013, 06:14:28 PM |
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You place buy order, get filled, then people want to dump...
How can you possibly profit from this, by selling to the guy who topped you?
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diegodos
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May 31, 2013, 06:17:34 PM |
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I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping . Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners? its all want to say : i hate crypsty.com |
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com911
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May 31, 2013, 06:24:02 PM |
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You place buy order, get filled, then people want to dump...
How can you possibly profit from this, by selling to the guy who topped you?
You can place buy order like 0.001 btc  |
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e521
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May 31, 2013, 06:35:16 PM |
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I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping . Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners? its all want to say : i hate crypsty.com |
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tim13n
Member
Offline
Activity: 74
Merit: 10
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May 31, 2013, 08:14:12 PM |
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very cool idee!
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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May 31, 2013, 08:33:57 PM |
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Manipulating alt coin prices are easy. Dropping $1k in there is usually enough to move things the way you want.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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mullick
Legendary
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Activity: 1064
Merit: 1002
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May 31, 2013, 09:17:25 PM |
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Manipulating alt coin prices are easy. Dropping $1k in there is usually enough to move things the way you want.
It is almost too easy to start a dump |
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r3wt
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May 31, 2013, 09:18:59 PM |
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I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping . Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners? its all want to say : i hate crypsty.com i do as well. the system in place is fundamentally flawed. it almost encourages dumping en masse. |
My negative trust rating is reflective of a personal vendetta by someone on default trust.
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Oldminer
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Activity: 1022
Merit: 1001
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May 31, 2013, 09:19:56 PM |
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Same thing happens with Bitcoin - its just on a larger scale
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cryptohunter
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Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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May 31, 2013, 09:21:15 PM |
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yeah coinchoose needs to really look at volumes really as well as just the price.
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Ethicoin
Newbie
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Activity: 28
Merit: 0
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May 31, 2013, 09:25:48 PM |
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I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping . Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners? FINSEC is tracing your IP and getting a lock on your biosig from a satellite in space as we speak  EDIT: This is a joke!  |
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sal002
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May 31, 2013, 10:12:08 PM
Last edit: May 31, 2013, 11:23:22 PM by sal002 |
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yeah coinchoose needs to really look at volumes really as well as just the price.
Bumped |
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champbronc2
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May 31, 2013, 10:17:29 PM |
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I still don't understand how any money is being made here.. What?
Someone wanna explain?
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digitalindustry
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May 31, 2013, 10:31:42 PM |
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manipulate away its all part of the market - may as well do it while you can . although what you discribed is not actually manipulation .
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- Twitter @Kolin_Quark
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defaced
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Activity: 2184
Merit: 1011
Franko is Freedom
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May 31, 2013, 10:35:38 PM |
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manipulate away its all part of the market - may as well do it while you can . although what you discribed is not actually manipulation .
this. exactly what i wanted to say but you beat me too it. |
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barwizi (OP)
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Activity: 882
Merit: 1000
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June 01, 2013, 02:53:10 AM |
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pxc pump in one hour
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psybits
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Activity: 1386
Merit: 1000
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June 01, 2013, 04:13:24 AM |
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pxc pump in one hour
Which exchange? Not that I participate in this kind of thing ... |
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barwizi (OP)
Legendary
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Activity: 882
Merit: 1000
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June 01, 2013, 04:20:04 AM |
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pxc pump in one hour
Which exchange? Not that I participate in this kind of thing ... lets start small, cryptsy, when it's profitability rises, the mindless ones will flock to it, raising the difficulty and price, once the price is high enough, we dump and run for the hills. although that may kill the coin when people start shifting to other coins again. |
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