brotz (OP)
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Activity: 12
Merit: 0
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September 19, 2013, 08:40:34 AM |
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OK, here is how it goes down:
1. Mine a few Scamcoins that are listed on cryptsy 2. List these coins on cryptsy 3. With 2nd account, buy your own scamcoins to drive up price 4. Once people and bots jump onboard, price is rising 5. Dump all coins, sell for btc 6. If there is still movement in the market, buy back cheap and start with 3. again, else, keep BTC 7. start with 1. again
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usahero
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September 19, 2013, 08:45:10 AM |
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The moral of the story: If you are not the pump&dumper, don't play with shitcoins.
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ASICSRUS
Member
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Activity: 70
Merit: 10
Expert Computer Geek
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September 19, 2013, 05:21:35 PM |
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OK, here is how it goes down:
1. Mine a few Scamcoins that are listed on cryptsy 2. List these coins on cryptsy 3. With 2nd account, buy your own scamcoins to drive up price 4. Once people and bots jump onboard, price is rising 5. Dump all coins, sell for btc 6. If there is still movement in the market, buy back cheap and start with 3. again, else, keep BTC 7. start with 1. again
3.5= TO THE MOONNN!!!/\
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QuantPlus
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September 19, 2013, 05:34:59 PM |
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Most Alts on Cryptsy trade about 0.5 BTC/day, should be retitled:
"How To Make Less Than Minimum Wage Pumping And Dumping Scam Coins".
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01BTC10
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Activity: 756
Merit: 503
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September 19, 2013, 05:36:35 PM |
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Why would you need a second account? It's not like there is the name of the buyer in the orderbook.
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monsterer
Legendary
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Activity: 1008
Merit: 1007
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September 19, 2013, 06:41:29 PM |
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2. List these coins on cryptsy 3. With 2nd account, buy your own scamcoins to drive up price
Problems: - If you don't list your coins at the best price, you'll end up buying other people coins instead of your own.
- Other people are quite likely to buy your best price coins before you can.
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01BTC10
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Activity: 756
Merit: 503
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September 19, 2013, 07:03:26 PM |
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Ah, he needs a second account to buy his own coin.
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marcovaldo
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September 19, 2013, 07:08:30 PM |
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How many btc do you need? How many do you win?
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Pmalek
Legendary
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Activity: 2870
Merit: 7423
Playgram - The Telegram Casino
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September 19, 2013, 07:14:07 PM |
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OK, here is how it goes down:
1. Mine a few Scamcoins that are listed on cryptsy 2. List these coins on cryptsy 3. With 2nd account, buy your own scamcoins to drive up price 4. Once people and bots jump onboard, price is rising 5. Dump all coins, sell for btc 6. If there is still movement in the market, buy back cheap and start with 3. again, else, keep BTC 7. start with 1. again
Why do you need second account? You can do everything with one...
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ASICSRUS
Member
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Activity: 70
Merit: 10
Expert Computer Geek
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September 19, 2013, 07:26:51 PM |
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two EXCHANGES even more better the left hand don't know what the right is dumping?*cough-wink* ahhhh here we goooooo
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monsterer
Legendary
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Activity: 1008
Merit: 1007
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September 19, 2013, 07:29:33 PM |
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Ah, he needs a second account to buy his own coin. Nope, you can buy your own sell orders without problem.
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01BTC10
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Activity: 756
Merit: 503
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September 19, 2013, 07:31:47 PM |
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Ah, he needs a second account to buy his own coin. Nope, you can buy your own sell orders without problem. This is hilarious.
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monsterer
Legendary
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Activity: 1008
Merit: 1007
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September 19, 2013, 07:42:39 PM |
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Actually, thinking about it this entire thread is incorrect.
Buying your own sell orders is a zero sum game. The price will not be permanently moved, it will move temporarily and then revert back to norms.
The only way to have price permanently move up is to place a huge buy order which consumes a bunch of price levels in the order-book. If you consume enough price-levels, the spread will narrow through other people's orders and the price will be moved.
But that doesn't really help you, since you'll then have a stock of coins you don't really want to sell at that price. Your only hope is that you buy enough price levels, that you excite the market, inducing a general uptrend which you can then ride to the top and sell. How many coins you need to buy to achieve this is going to be down to experimentation.
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ASICSRUS
Member
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Activity: 70
Merit: 10
Expert Computer Geek
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September 19, 2013, 07:53:11 PM |
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Actually, thinking about it this entire thread is incorrect.
Buying your own sell orders is a zero sum game. The price will not be permanently moved, it will move temporarily and then revert back to norms.
The only way to have price permanently move up is to place a huge buy order which consumes a bunch of price levels in the order-book. If you consume enough price-levels, the spread will narrow through other people's orders and the price will be moved.
But that doesn't really help you, since you'll then have a stock of coins you don't really want to sell at that price. Your only hope is that you buy enough price levels, that you excite the market, inducing a general uptrend which you can then ride to the top and sell. How many coins you need to buy to achieve this is going to be down to experimentation.
how it's done is you support the bid and the send out mass emails and blast the message boards with your neXt "pick" Like thisss: *Alt(oiNzZz on \/\/atchhhh*~~~BTE/DGC/RYC====>TO THE MOOONNN!!!!haaaa
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monsterer
Legendary
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Activity: 1008
Merit: 1007
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September 19, 2013, 07:55:25 PM |
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how it's done is you support the bid and the send out mass emails and blast the message boards with your neXt "pick" BTE/DGC/RYC====>TO THE MOOONNN!!!!haaaa You might as well just play satoshi's dice, there is such a slim chance of those tactics actually working.
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ASICSRUS
Member
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Activity: 70
Merit: 10
Expert Computer Geek
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September 19, 2013, 07:57:10 PM |
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how it's done is you support the bid and the send out mass emails and blast the message boards with your neXt "pick" BTE/DGC/RYC====>TO THE MOOONNN!!!!haaaa You might as well just play satoshi's dice, there is such a slim chance of those tactics actually working. stick around kid i wrote a book on the subject!+1337+
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monsterer
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Activity: 1008
Merit: 1007
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September 19, 2013, 07:59:31 PM |
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stick around kid i wrote a book on the subject!+1337+ Out of interest, roughly what percentage price rise have you achieved with this technique?
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ASICSRUS
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Expert Computer Geek
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September 19, 2013, 08:13:04 PM Last edit: September 19, 2013, 08:28:16 PM by ASICSRUS |
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stick around kid i wrote a book on the subject!+1337+ Out of interest, roughly what percentage price rise have you achieved with this technique? ten baggers(1OOO%) are what weeee shoot for ===> ~*~XNC~*~@ 0.00004998 [-NEXT/\UP-] LOLLL ---DD---:https://www.cryptsy.com/markets/view/67https://bitcointalk.org/index.php?topic=237998.0
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monsterer
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Activity: 1008
Merit: 1007
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September 19, 2013, 08:22:36 PM |
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I'm willing to bet you 1BTC that you can't move the price even 50% using this technique. Qualification: you will specify the coin, the exact time of your pump and dump and the amount of time needed to achieve 50% price rise in advance.
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ASICSRUS
Member
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Activity: 70
Merit: 10
Expert Computer Geek
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September 19, 2013, 09:06:22 PM |
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I'm willing to bet you 1BTC that you can't move the price even 50% using this technique. Qualification: you will specify the coin, the exact time of your pump and dump and the amount of time needed to achieve 50% price rise in advance. ok here you go ~*~$FRC~*~@ 0.00003344!!!!!====>MONSTER COMING!!! watch: within one week it will go 50% or more!!!! FRC====>WHO TOLD YOU???
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