Ion77 (OP)
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May 31, 2013, 10:38:10 AM |
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There are people who drop prices of alt.currencies intentionally. From what I remember seeing on exchanges, I can make real conclusion: somebody intentionally work on drooping prices, they even put big money in it.
Who else has noticed? Who are "they" and why they do this? Maybe ASIC owners?
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champbronc2
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May 31, 2013, 10:43:04 AM |
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There are definitely pump and dumps on even the most major coins throughout the day, you'll see them on BTC-e.
I've come to the conclusion that BTC-e is where you make your money. The forum is where you lose it.
Set a buy order below market price, then sell those coins after the immediate pump. There is at least one small pump dump (actually, on BTC-e its typically a dump and pump) each day on each major coin. LTC, NMC are good long terms.
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Ion77 (OP)
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May 31, 2013, 10:58:24 AM |
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You can never know. Only guess. Sometimes you buy coin cheap, but it's going only even more down.... Somebody intentionally destroying coins, not only by this, but by creating some crap-coins too... I wonder haw many different coins we will have in 1 year, some of them are already dead, but new are coming...
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champbronc2
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May 31, 2013, 11:02:25 AM |
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True, but if you look at the "walls" and place your buys right above them, that's usually the turning point. Cuz the manipulators won't sell through a wall unless the wall is removed quickly.
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Ion77 (OP)
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May 31, 2013, 11:09:42 AM |
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If you look at LTC,DGS,MNC,WDC,NBL, you'll see that they only went down quite much...
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jackjack
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May Bitcoin be touched by his Noodly Appendage
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May 31, 2013, 11:18:20 AM |
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DVC too
The guy had 15MDVC, should not be hard to spot that in the blockchain
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Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2 Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc. |
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jimoc
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May 31, 2013, 11:21:39 AM |
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I believe that eventually things will settle down to 3 major coins, one worth approx 100 dollars, one at 10 and one at 1 dollar.
all the rest will eventually fade and die once the pumper dumpers move on with their profits.
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Ion77 (OP)
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May 31, 2013, 01:09:29 PM |
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Bitcoin is almost on top now. Bitcoin gets a lot of support!
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TheSwede75
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May 31, 2013, 01:25:20 PM |
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There are people who drop prices of alt.currencies intentionally. From what I remember seeing on exchanges, I can make real conclusion: somebody intentionally work on drooping prices, they even put big money in it.
Who else has noticed? Who are "they" and why they do this? Maybe ASIC owners?
Eh, someone who instamines 500k coins with 50 mh/s and has no energy to sit and trade daily but would rather just get rid of them before the coin dies anyway. |
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reb0rn21
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May 31, 2013, 01:47:50 PM |
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For the past ~ week some group is dumping LTC, the goal is clear wait for MtGox and BUY cheap as mutch they can and earn 100%!
Many ppl/miners are stupid and sell cheap, when you see big drop by DUMP -> do NOT sell, BUY!
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Scooby903
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May 31, 2013, 03:20:29 PM |
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For the past ~ week some group is dumping LTC, the goal is clear wait for MtGox and BUY cheap as mutch they can and earn 100%!
Many ppl/miners are stupid and sell cheap, when you see big drop by DUMP -> do NOT sell, BUY!
Yeah I did that with TRC after the last Fontas "pump". Bought in on the way down with the majority @ .00274 :/ Just a waiting game now  |
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TheSwede75
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May 31, 2013, 03:22:14 PM |
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For the past ~ week some group is dumping LTC, the goal is clear wait for MtGox and BUY cheap as mutch they can and earn 100%!
Many ppl/miners are stupid and sell cheap, when you see big drop by DUMP -> do NOT sell, BUY!
Yeah I did that with TRC after the last Fontas "pump". Bought in on the way down with the majority @ .00274 :/ Just a waiting game now Yes.. now we wait for it to crash to 0.0005.. |
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TheSwede75
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May 31, 2013, 03:24:17 PM |
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For the past ~ week some group is dumping LTC, the goal is clear wait for MtGox and BUY cheap as mutch they can and earn 100%!
Many ppl/miners are stupid and sell cheap, when you see big drop by DUMP -> do NOT sell, BUY!
This is probably the safest way to lose money there is. Going against the market based on wild promises and the idea that a currency being placed on a new exchange somehow is going to raise the value. |
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nesic1
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May 31, 2013, 03:33:11 PM |
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all of you go and mine at bigvern pool, after that he get a large amount of that currency, he don't wait for it to get strong, instead of that he dump it at low price.. congratulation you kill every new currency at start  |
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fran2k
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May 31, 2013, 04:07:58 PM |
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all of you go and mine at bigvern pool, after that he get a large amount of that currency, he don't wait for it to get strong, instead of that he dump it at low price.. congratulation you kill every new currency at start Great for the community anyways. All this pump & dump scheme and shitty altcoins born died. |
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ondratra
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May 31, 2013, 04:48:29 PM |
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There are people who drop prices of alt.currencies intentionally. From what I remember seeing on exchanges, I can make real conclusion: somebody intentionally work on drooping prices, they even put big money in it.
Who else has noticed? Who are "they" and why they do this? Maybe ASIC owners?
it can be any speculant with lot of BTC; or it can be just "us" - all wanting dump coin that we all know are quite useless |
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bitbitcoincoin
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May 31, 2013, 04:59:07 PM |
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There are people who drop prices of alt.currencies intentionally. From what I remember seeing on exchanges, I can make real conclusion: somebody intentionally work on drooping prices, they even put big money in it.
Who else has noticed? Who are "they" and why they do this? Maybe ASIC owners?
it can be any speculant with lot of BTC; or it can be just "us" - all wanting dump coin that we all know are quite uselessding ding ding Miners only are making a profit if they are turning their alts into BTC, aka dumping. The amount of dumping of every alt exceeds the amount of speculators/investors willing to buy every day, which according to simple economics means prices will continue to plummet until the coin dies due to miner inactivity. This isn't news to most miners, which is why they continue to dump further exacerbating the issue. Unfortunately every coin has bagholders who will try and buy at the "great low prices" the "stupid miners" keep selling at, until they eventually give up and cash out as well. Can any of these alts buck the trend? Only DGC and WDC right now seem to have a shot at it with their respective community's support, but that still might not be enough to overcome the daily dumping. |
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turtles
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May 31, 2013, 05:00:16 PM |
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lol everyone trying to get rich in a week off made up shit, just choose the made up shit you want to support and mine it for a few years..
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reb0rn21
Legendary
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Activity: 1901
Merit: 1024
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May 31, 2013, 05:42:26 PM |
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For the past ~ week some group is dumping LTC, the goal is clear wait for MtGox and BUY cheap as mutch they can and earn 100%!
Many ppl/miners are stupid and sell cheap, when you see big drop by DUMP -> do NOT sell, BUY!
This is probably the safest way to lose money there is. Going against the market based on wild promises and the idea that a currency being placed on a new exchange somehow is going to raise the value. wild promises, so you think MtGox is same vague organization, be realistic pls.......... you could ask MtGox about LTC and they will say its in the process duno whats wild about that |
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peonminer
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May 31, 2013, 05:57:15 PM |
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Blame it all on Obama
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