[ANN][DOGE] Dogecoin - very currency many coin - v1.10.0

[colinfx]

a trend is somehow natural and good. it reflects the REAL value of a coin (even is it just means how much it is liked), but that jump from 30 -> 275 was NOT natural. It was because someone pumped a huge amount of money into the market, buying all the doges. Because of the low volume at that time, it was easy to do that. what happened? all the small shibes were trying to get on that "train" and they were just driving the price up. and then, after it was high enough, the pumper sold again, making the price drop but with a nice profit.

This will now happen maybe a few times more, until noone wants to buy anymore, then the sellout starts. Since the first pump, a few more big players entered the game. and thats what i dislike. i want a price which is reflecting the real value, not a pumped one. the market is NOT safe at this point for new ppl, because noone can predict what will happen.

The one week chart shows a slow build up, to the high point at which the price was unsustainable without some level of consolidation. A major price move needs consolidation, and a 50% retrace (down to 150) did occur, which how it works with all stock or forex moves.

If it were not for the community, the high number of transactions, the price action and the global media coverage then I might have agreed with you.

[TeraflopGigabyte]

That http://dogemonitor.com/ is great - nice trend on the hourly chart, can see more of a bigger picture!

The trend is definitely up, not just pump.

are we looking at the same chart   This is a definate downtrend since like 48h with the usuall spikes up. if there's not going to be some serious money invested (by a whale) it's going down. on vircurex the volume has been dropped by 55% NHP has lost 10%! of course there might be room for some quick bucks with the up/downs, but as i said, unless something serious happens, it's a down trend.

Two weeks ago today we were at 30, we are now at 170. Definitely seems like an up trend to me!

a trend is somehow natural and good. it reflects the REAL value of a coin (even is it just means how much it is liked), but that jump from 30 -> 275 was NOT natural. It was because someone pumped a huge amount of money into the market, buying all the doges. Because of the low volume at that time, it was easy to do that. what happened? all the small shibes were trying to get on that "train" and they were just driving the price up. and then, after it was high enough, the pumper sold again, making the price drop but with a nice profit.

This will now happen maybe a few times more, until noone wants to buy anymore, then the sellout starts. Since the first pump, a few more big players entered the game. and thats what i dislike. i want a price which is reflecting the real value, not a pumped one. the market is NOT safe at this point for new ppl, because noone can predict what will happen.

We are at Bear Trap now? Or Bull Trap? http://latimesblogs.latimes.com/.a/6a00d8341c630a53ef0120a73bb2df970b-pi

[DRobert]

That http://dogemonitor.com/ is great - nice trend on the hourly chart, can see more of a bigger picture!

The trend is definitely up, not just pump.

are we looking at the same chart   This is a definate downtrend since like 48h with the usuall spikes up. if there's not going to be some serious money invested (by a whale) it's going down. on vircurex the volume has been dropped by 55% NHP has lost 10%! of course there might be room for some quick bucks with the up/downs, but as i said, unless something serious happens, it's a down trend.

Two weeks ago today we were at 30, we are now at 170. Definitely seems like an up trend to me!

a trend is somehow natural and good. it reflects the REAL value of a coin (even is it just means how much it is liked), but that jump from 30 -> 275 was NOT natural. It was because someone pumped a huge amount of money into the market, buying all the doges. Because of the low volume at that time, it was easy to do that. what happened? all the small shibes were trying to get on that "train" and they were just driving the price up. and then, after it was high enough, the pumper sold again, making the price drop but with a nice profit.

This will now happen maybe a few times more, until noone wants to buy anymore, then the sellout starts. Since the first pump, a few more big players entered the game. and thats what i dislike. i want a price which is reflecting the real value, not a pumped one. the market is NOT safe at this point for new ppl, because noone can predict what will happen.

We are at Bear Trap now? Or Bull Trap?

Bubble over? This is the Cryptsy chart for this past week




Looks like we may have hit bottom.

[ltcnim]

We are at Bear Trap now? Or Bull Trap?

I'd say, judging from the current 7day chart, it's the bull trap. BUT, once again, in this situation noone can be sure. it's currently not a healthy market in my oppinion. Just a whale battle. you might have luck and get some crumbs from the cake, or you might just be feeding the whales. it might also be, that it'll rise again for while, but i'm not buying atm.

[DRobert]

We are at Bear Trap now? Or Bull Trap?

I'd say, judging from the current 7day chart, it's the bull trap. BUT, once again, in this situation noone can be sure. it's currently not a healthy market in my oppinion. Just a whale battle. you might have luck and get some crumbs from the cake, or you might just be feeding the whales. it might also be, that it'll rise again for while, but i'm not buying atm.

I have 2 bitcoins invested in Doge. Does this make me a Great Dane(don't say whale)?

[ltcnim]

well, since the last sell wall was about 50BTC (and that one was small), i'd say, your 2BTC make you a person who might have made a good decition in long-term

[DRobert]

well, since the last sell wall was about 50BTC (and that one was small), i'd say, your 2BTC make you a person who might have made a good decition in long-term

I posted some pictures. Based on them, do you think we have hit the bottom?

[ltcnim]

to be honest, no. i think it could even go down < 100. but that is just what i think. as already stated, noone can really tell what happens :/

[skorms]

This is a whale battle right now. There are both sell and buy walls but there seems to be more on the buy side. However, noone seems to be breaking down the sell walls right now. I think it will probably increase by tonight.

[ocminer]

mine it:

https://www.dogepool.net

[GTX-DoX]

So now what... 200+ price is not normal anymore ?

We will not consolidate with that!

[ltcnim]

to pump the price to 190, you would need to invest 140btc right now, and thats just @ cryptsy...

ups, sell wall building up @ 181, currently worth 30BTC+

[TeraflopGigabyte]

Ok, I'm going to do speculating bubble in my energy savings
Good night (or have a nice day) 

[skorms]

Whale gods have mercy on my soul

[Yoboseo]

Those big sell walls are a nice trap to get people to list below it, the whales scoop them up and then later drive price up and dump.

[DRobert]

to pump the price to 190, you would need to invest 140btc right now, and thats just @ cryptsy...

ups, sell wall building up @ 181, currently worth 30BTC+

Btc is slowly being added and taken away from Cryptsy, so it is hard to tell for me at the moment. People could be waiting, anticipating a bubble and wondering about the bottom. I saw this during bitcoin crashes on btc-e before.

Is this bear or bull trap?

[Cor2]

WARRNING !!! Cryptsy service has bug - and for sure before fix this DOGE dont will be increase

this sell order is for 5h already - frozzen - and is no possible to buy this - i try few times

Price (BTC)   DOGE   Total (BTC)
0.00000165   3021.57809000   0.00498560

So when people go to Cryptsy and start buy DOGE - they start from 0.00000165 Sad (because this is lower price - frozen order.)

request to each check this myself

its a bot...

It is not a bot, because then it would show up in the history and it does not - it is just sitting there...

Just another reason to user vircurex or bter instead.

Point is - Even though it is laggy and transfers in/out are taking many hours iso seconds, the Doge volume is at Cryptsy.
I realised today that with the regular 200M trade volumes in 15 min intervals and the 0.2 + 0.3% fee, Cryptsy is making 1 Million Doge per 15 min which is a staggering amount and should be a good driver for improvement - it seems that the speed of trading is frequently limited by Cryptsy's lag. This morning I saw the value going up from around 170, so I put an order in for buy at 171.
Full 5 mins later (!!!!!) I finally saw my order appear on the overview of open orders and by that time it had gone up to 175, so I put in another
buy order at 177 or so - again 5 min later the price was already well above 180 I was that order appear, so I again submitted an order at 185 -
it appeared when market was around 190 and so I finally submitted another buy order at 190.
Final result was (after the price came down a little) that in the end, I got my buy orders at 190 and 185 fulfilled and I cancelled the old orders
at lower price.
Now, *that* I was no too happy about, ealier experience was that orders were taken and executed relatively fast (within seconds)
even though the transfer of funds in/out would take hours. This is not good for trading - it invites oscillation of the price level.

[ironman80]

Just bought 31k Doge...I am so excited!

[oktay50000]

what do you think guys when reward halfs???price will go up?? and how much

[skorms]

what do you think guys when reward halfs???price will go up?? and how much

Maybe go up to 400-500?