Bitcoin Forum
December 18, 2017, 01:44:31 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Fontas - will he kill crypto-currencies?  (Read 6964 times)
Altoidnerd
Sr. Member
****
Offline Offline

Activity: 406


http://altoidnerd.com


View Profile WWW
December 05, 2013, 07:01:38 AM
 #41

Rewording the question a little bit:

Are crypto-currencies so fragile that a single person can destroy them?

Not all clearly but he ruined COL. It was worth about .0000000024 or something and now its at like .0000000004. I'm probably off with those 0s.

And he didn't ruin COL.  COL is simply far too numerous to be traded right now.  A bunch of people need to give up, take the loss, not care, and leave the exchange.  Eventually COL will be traded.  Many ciurrencies display this behavior of actually being traded for over a month between 01 and 02.  Then suddenly rising permanently.  

The same thing is happening with CENT.  I did buy CENT 01 LTC thinking there was no way to loose.  Haha I was wrong.  CENT is also sold on the XPM market. >;/

Do you even mine?
http://altoidnerd.com 
12gKRdrz7yy7erg5apUvSRGemypTUvBRuJ
1513604671
Hero Member
*
Offline Offline

Posts: 1513604671

View Profile Personal Message (Offline)

Ignore
1513604671
Reply with quote  #2

1513604671
Report to moderator
1513604671
Hero Member
*
Offline Offline

Posts: 1513604671

View Profile Personal Message (Offline)

Ignore
1513604671
Reply with quote  #2

1513604671
Report to moderator
1513604671
Hero Member
*
Offline Offline

Posts: 1513604671

View Profile Personal Message (Offline)

Ignore
1513604671
Reply with quote  #2

1513604671
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513604671
Hero Member
*
Offline Offline

Posts: 1513604671

View Profile Personal Message (Offline)

Ignore
1513604671
Reply with quote  #2

1513604671
Report to moderator
1513604671
Hero Member
*
Offline Offline

Posts: 1513604671

View Profile Personal Message (Offline)

Ignore
1513604671
Reply with quote  #2

1513604671
Report to moderator
Altoidnerd
Sr. Member
****
Offline Offline

Activity: 406


http://altoidnerd.com


View Profile WWW
December 05, 2013, 07:03:08 AM
 #42

From twitter->reddit:



Not to defend fontas, but that is definitely not him talking.  There are a bunch of fontas copies on twitter and one of them speaks shitty english as well.  This is fake.  Fontas is articulate.

Do you even mine?
http://altoidnerd.com 
12gKRdrz7yy7erg5apUvSRGemypTUvBRuJ
Speaker
Full Member
***
Offline Offline

Activity: 154

Veronica <333


View Profile
December 05, 2013, 07:05:51 AM
 #43

From twitter->reddit:



Put his twitter page in the background. Makes it more credible.
CoinHoarder
Legendary
*
Offline Offline

Activity: 1302

In Cryptocoins I Trust


View Profile
December 05, 2013, 07:06:22 AM
 #44

EDIT: nevermind

Not to defend fontas, but that is definitely not him talking.  There are a bunch of fontas copies on twitter and one of them speaks shitty english as well.  This is fake.  Fontas is articulate.

I apologize, I will remove the link to the image.

Altoidnerd
Sr. Member
****
Offline Offline

Activity: 406


http://altoidnerd.com


View Profile WWW
December 05, 2013, 07:21:40 AM
 #45


I apologize, I will remove the link to the image.
[/quote]

Oh I don't care.  I'm just throwing it out there that isn't fontas.  Fontas uses the english language to his advantage always.  

Also, once again, not to defend fontas at all, but it is certainly mathematically possible for a man to profit off a large volume pump and dump even if he is acting all alone, having told nobody, and having made no prepump.  An example of such a technique was used on gox 11-29 and I screen capped it.

Take a look and think about the average buy price for the big green bar and the average sell price.  I cant be sure, but let us suppose this were one man who put in a market order for looks like 3000 BTC.  This is to his advantage if he can break the sell wall which is concentrated at a low price.  So though he was able to kick the price up form 1159 to 1225 (thats amazing!), he paid an average price on the low side.  Then look at the reaction of the market.  They brought the price up higher, fooled by the trap.  Just as fontas says and even draws a picture of one of his pumps on BTC-e.  The same thing happened here on gox to bitcoin  itself.  Look like this guy sold off most of the BTC for a higher price...

Lets say he make the buy order paying a mean of 1175 bringing the price up to 1220.  Notice that is exactly where he sold at.  But in the time fram between the pump and the dumo, the market brought its buy wall higher.  The ne result is he buys 3000 BTC @$1175 and he sells 2700 BTC @$1208 mean.  So thats

Buy cost:  3000*1160 = $3480000
Sell return: 2700*1210 = 3267000

Net cost: $213,000 and gain of 300 BTC.  Thats a bitcoin discount.  If the order book looks perfect, it is more than plausible to profit immensely by letting the market carry up the moving averge this way.



Do you even mine?
http://altoidnerd.com 
12gKRdrz7yy7erg5apUvSRGemypTUvBRuJ
CoinBuzz
Sr. Member
****
Offline Offline

Activity: 476



View Profile
December 05, 2013, 07:27:00 AM
 #46

of course not.

Walter Rothbard
Sr. Member
****
Offline Offline

Activity: 476


Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm


View Profile WWW
December 05, 2013, 03:57:43 PM
 #47

Rewording the question a little bit:

Are crypto-currencies so fragile that a single person can destroy them?

I thought about this overnight, and I decided, yes, cryptocurrencies are this fragile, and fontas will destroy them, so you should all sell what you have immediately.

Just a helpful tip.

VforVictory
Sr. Member
****
Offline Offline

Activity: 252


V for Victory or Rather JustV8


View Profile
December 05, 2013, 04:03:38 PM
 #48

Fontas is a myth; told by parents to scare their children from entering the market.


~~~ MetaGold ~~~ -  INDIE GAMES USING BLOCKCHAIN -> JOIN ICO!
niothor
Hero Member
*****
Offline Offline

Activity: 546


Niothor


View Profile WWW
December 05, 2013, 04:06:21 PM
 #49

A fool is born every minute.

Just be glad you are not one and be on your merry way.

The majority of bitcoin traders have not even HEARD of Fontas and if they did, would be unconcerned. He is just another dude trying to make bank in a sea of dudes trying to make bank.

He has found a way to make money. If people lose money, they have learned a lesson. Some lessons are very expensive to learn. Like college in America, you learn enough to get a degree and it costs $40,000 a year at a private university. Some would say you have also learned the lesson not to get into tons of debt, as well as the lesson not to buy into bubbles at the top (in this case, the higher education bubble.)
Well with Fontas, a foolish individual might pay BTC120  and learn enough to not pay BTC120 into pump schemes. An expensive lesson, but a lesson well-learned.
Yup.

I came in the thread wondering who the Hell this guy was. I was hoping he was some kind of cheese-maker... Could we maybe turn this into a fontina porn thread?



From wondering who Fontas is , I ended up wondering what the hell this might be?

Walking Glitch
Sr. Member
****
Offline Offline

Activity: 252

Amateur Professional


View Profile
December 06, 2013, 02:56:19 PM
 #50

Fontas is a myth; told by parents to scare their children from entering the market.



Lol Back in my day we used to see him in the trollbox constantly.
Speaker
Full Member
***
Offline Offline

Activity: 154

Veronica <333


View Profile
December 06, 2013, 02:57:32 PM
 #51

His twitter is closed and he got arrested.
CryptoBeggar
Member
**
Offline Offline

Activity: 119


View Profile
December 06, 2013, 03:05:39 PM
 #52

I heard he might not even be among us anymore... He played high, risked big, ended like that... Undecided

First MasterCoin protocol transaction -> https://bitcointalk.org/index.php?topic=265488.msg2940318#msg2940318; please refer to thread disclosed for more information
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!