Shahrukh (OP)
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December 19, 2013, 01:30:24 AM |
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A currency has its value when there is much demand and sell supply when it was launched on cryptsy it went upto 0.1 BTC per dogecoin that makes it $50 per doge coin but you guys started dumping it and the value sank.
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I turned everyone down Sorry for that
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lajz99
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December 19, 2013, 01:31:35 AM |
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Dumpers will dump. It'll recover a little...
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Painful Truth
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December 19, 2013, 01:35:14 AM |
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A currency has its value when there is much demand and sell supply when it was launched on cryptsy it went upto 0.1 BTC per dogecoin that makes it $50 per doge coin but you guys started dumping it and the value sank.
yep. Quoting myself: There is no fixed value for a cryptocurrency. The value is what the majority decides.
If people sell their Doges for 50 Satoshi then this is the value.
If people only sell at 100 Satoshi then this is the value...
Guess why BTC is at $500. Because no one wants to sell a BTC for $100 right now.
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BrewCrewFan
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December 19, 2013, 01:37:15 AM |
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A currency has its value when there is much demand and sell supply when it was launched on cryptsy it went upto 0.1 BTC per dogecoin that makes it $50 per doge coin but you guys started dumping it and the value sank.
Look at block rewards. High block rewards even if random means more coins are out there and easier to get. Lets say right now you hit a block worth 100K... you mean to tell me each one of those coins should be worth a buck each? maybe if the dif was 1000x more than it is now....
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Bigeyeone
Member
Offline
Activity: 112
Merit: 10
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December 19, 2013, 01:37:40 AM |
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$ 50 per dogecoin hugh ?
let me see 8,880,118,756 doge out there
marketcap would be $444,005,937,800 bitcoin marketcap = $ 6,173,026,790
Pipedream
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PMC: 19dNRVPcjsESqo8isdauc1gQ6PbUrAZor9
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Shahrukh (OP)
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December 19, 2013, 01:39:20 AM |
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$ 50 per dogecoin hugh ?
let me see 8,880,118,756 doge out there
marketcap would be $444,005,937,800 bitcoin marketcap = $ 6,173,026,790
Pipedream
It was that fucking high I have seen it from my own eyes
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I turned everyone down Sorry for that
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Pythonideus
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December 19, 2013, 01:40:02 AM |
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A currency has its value when there is much demand and sell supply when it was launched on cryptsy it went upto 0.1 BTC per dogecoin that makes it $50 per doge coin but you guys started dumping it and the value sank.
Those weren't representative of the actual price...that was before any deposits had gone through. There were like 2 doges for that price and maybe 200 buy orders for more than current price.
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BrewCrewFan
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December 19, 2013, 01:40:12 AM |
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$ 50 per dogecoin hugh, let me see 8,880,118,756 doge out there
marketcap would be $444,005,937,800 bitcoin marketcap = $ 6,173,026,790
Pipedream
Yeah they just dont get the laws of the market like that. I think the problem is too many people got fooled and someone walked away with a ton of money. Typical hype and then dump. now the rest of the people are sitting there wondering what happen.
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Frogcoin
Member
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Activity: 79
Merit: 10
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December 19, 2013, 01:40:48 AM |
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Those trades on cryptsy were test trades or someone trying to manipulate.
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BrewCrewFan
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December 19, 2013, 01:41:39 AM |
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If you don't dump your doge what else would you want to do with it? It is meant to be dumped
Some dump at 50 satoshis, some at 500 and some at 1000... whatever, but ultimately they will all get dumped
And because the block rewards are large when the time comes and the price goes up, the miners will sweep in, mine the crap out of it and repeat the process.
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BrewCrewFan
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December 19, 2013, 01:42:30 AM |
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I think this is a "teachable moment" for many newbies.
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GreekBitcoin
Legendary
Offline
Activity: 1428
Merit: 1001
getmonero.org
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December 19, 2013, 01:43:17 AM |
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Just because there are burgers out there that cost 200 dollars doesnt mean the price of burgers is 200 dollars
200 dollars for a burger will pay only someone retarded. And unfortunately there arent enough retarded to buy enough burgers
so no
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phrozenspite
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December 19, 2013, 01:44:50 AM |
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If the coin is so valuable you should be maxing out your credit cards right now and opening new lines to buy at such an all time low price OP
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zakorus
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December 19, 2013, 01:45:11 AM |
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A currency has its value when there is much demand and sell supply when it was launched on cryptsy it went upto 0.1 BTC per dogecoin that makes it $50 per doge coin but you guys started dumping it and the value sank.
pretty much this! you fucking imbeciles ruined my chances of getting my 5000USD trade on! why can't you all be patient and sell SLOWLY!
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Shahrukh (OP)
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December 19, 2013, 01:47:34 AM |
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A currency has its value when there is much demand and sell supply when it was launched on cryptsy it went upto 0.1 BTC per dogecoin that makes it $50 per doge coin but you guys started dumping it and the value sank.
pretty much this! you fucking imbeciles ruined my chances of getting my 5000USD trade on! why can't you all be patient and sell SLOWLY! This is what I am saying let the buyers increase their bid, you don't decrease it to whatever. I know everyone here got plenty of millions
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I turned everyone down Sorry for that
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BrewCrewFan
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December 19, 2013, 01:48:17 AM |
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Dumbasses who bought into pump and dump,are now crying that their coin has been dumped...
HA
I think many of us warned ahead of time but of course no one wanted to listen. Those of us vets who been here though the Harazd coin a thons know what happens lol.
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valley365
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December 19, 2013, 01:48:28 AM |
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you think how much a dog worth? lmao
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PrintMule
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December 19, 2013, 01:49:11 AM |
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If the coin is so valuable you should be maxing out your credit cards right now and opening new lines to buy at such an all time low price OP
Amen, brother. "This thread would be funny, if it wasn't so sad."
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psybits
Legendary
Offline
Activity: 1386
Merit: 1000
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December 19, 2013, 01:51:47 AM |
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Doge will most likely be worth 3x as much within a few weeks.
The whole thing has moved so fast it's been phenomenal.
This. NXT and DVC are the alts to watch right now.
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kanus1113
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December 19, 2013, 01:53:44 AM |
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Dont worry, they always wind up starting low when added to the exchange.
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