Why Miners are dumping DogCoins ?

[mahieddine]

Hi,
The day cryptsy introduced DogeCoins it was valuated at 0.02 BTC  and actually there has been 4 trade that got filled at a price between 0.01 et and 0.08 BTC that day. but after few minutes miners came with millions of dogecoin and started dumping it for fiew cents...so the question is why the hell miners are doing this i mean we had all the market conditions to push dogecoin to the moon literally :

- All CryptoCurrencies were negative except DogeCoin
- People were so happy about DogeCoin and everyone want to be a part of it
- All the press talked about it
....

We had all the conditions to push the prices very up and what happen ? people are coming and dumping millions of dogecoin for nothing...i don't why

[theomoplatapus]

A big percentage still haven't.  Including me.

[mvdheuvel1983]

Hi,
The day cryptsy introduced DogeCoins it was valuated at 0.02 BTC  and actually there has been 4 trade that got filled at a price between 0.01 et and 0.08 BTC that day. but after few minutes miners came with millions of dogecoin and started dumping it for fiew cents...so the question is why the hell miners are doing this i mean we had all the market conditions to push dogecoin to the moon literally :

- All CryptoCurrencies were negative except DogeCoin
- People were so happy about DogeCoin and everyone want to be a part of it
- All the press talked about it
....

We had all the conditions to push the prices very up and what happen ? people are coming and dumping millions of dogecoin for nothing...i don't why

When a new coin is introduced you allways see that the first few trades are high. Probably because the supply of coins at the exchange is low and price still has to find its level.

[San1ty]

Lol because there are 100.000.000.000 dogecoins maybe...
You can't keep a currency virtually overpriced like that.

Don't you know anything?

[Buffer Overflow]

We had all the conditions to push the prices very up and what happen ? people are coming and dumping millions of dogecoin for nothing...i don't why

Because it's an obvious pump & dump.

[NUFCrichard]

It was a funny idea for a coin, but people tend to get more serious when real money is on the line.
Much fun, very coin... what my coins are worth $1000, sell sell sell!

[mahieddine]

Lol because there are 100.000.000.000 dogecoins maybe...
You can't keep a currency virtually overpriced like that.

Don't you know anything?

I Agree ... and that's the point we had a unique chance to push the price very high and they ruined it...

When a new coin is introduced you allways see that the first few trades are high. Probably because the supply of coins at the exchange is low and price still has to find its level.

Yes but believe me are were many buyers willing to pay between 0.01 and 0.08 for 1 DogeCoin, so i don't get it when you see that the first trade is at 0.01 and you come and sell for 0.00000000000000X i don't get the point here ....

[mahieddine]

It was a funny idea for a coin, but people tend to get more serious when real money is on the line.
Much fun, very coin... what my coins are worth $1000, sell sell sell!

I don't think a guy who sell 1 millions shitty for 1 cent is serious ....
i Know many people also who sold there bitcoin at the time for 4 box ... better 1000$ or 1000000$ ?

[Puppet]

were many buyers willing to pay between 0.01 and 0.08 for 1 DogeCoin,

Clearly not as much as there were sellers. If you want the price to go up so high again, buy more, why dont you?

[mkmen]

I can understand the miners, but what I don't understand is how many people are that stupid to actually buy this for their BTC?

[NUFCrichard]

It was a funny idea for a coin, but people tend to get more serious when real money is on the line.
Much fun, very coin... what my coins are worth $1000, sell sell sell!

I don't think a guy who sell 1 millions shitty for 1 cent is serious ....
i Know many people also who sold there bitcoin at the time for 4 box ... better 1000$ or 1000000$ ?

Dogecoin is not bitcoin.

[dimitriyremerov]

There are a lot of profit miners, they don't care which coin to mine, as long as it's the most profitable. They don't kwow about DOGE concept, they don't know what it will cost tomorrow and they don't want even to think about it, all they see is only source of profit. When it was added on Cryptsy, it was also added on coinwarz and so the mine-for-profit begon.

[jubalix]

yawn non dogecoin holder FUD

[mahieddine]

It was a funny idea for a coin, but people tend to get more serious when real money is on the line.
Much fun, very coin... what my coins are worth $1000, sell sell sell!

I don't think a guy who sell 1 millions shitty for 1 cent is serious ....
i Know many people also who sold there bitcoin at the time for 4 box ... better 1000$ or 1000000$ ?

Dogecoin is not bitcoin.

People also said litecoin is not bitcoin, sexcoin is not bitcoin....at the end of the day the market are the judges

I can understand the miners, but what I don't understand is how many people are that stupid to actually buy this for their BTC?

Because if DogeCoin raise with 1 cent the gain is huge if you have millions of doggies

[Cygnify]

I can understand the miners, but what I don't understand is how many people are that stupid to actually buy this for their BTC?

Actually I took a risk with my btc and bought a stack and sold them for double what I bought at in three or four days. Was a big risk tho, they rate that coins are being handed out via mining this coin will ultimately devalue them pretty fast.