[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[TsuyokuNaritai]

Dat 483BTC sell wall oO

That's a buy wall.

[1715677472]

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[Joshuar]

Dat 483BTC sell wall oO

Yea, but look at that 7,534 BTC buy wall...

[Slipknot79]

Yea buy wall, dat 483BTC confused me oO

[AlexGR]

It's over 800 BTC combined at 0.02 if you factor cryptsy+mintpal.

[CryptoClub]

How could value drop if there have been moar DRKs bought than sold?
And storms started, well a little one, its gown down... yo

This has been covered many times before, and it works more or less like that:

Big players use trading bots with small amounts driving the market up or down.

When they need to accumulate, they place sell walls and drive the price down using low volume 20-30% below ATH
This causes flash shake out and instantly buying large amounts from the sell order book, which has been pushed down.

When they pump up, they place buy walls, and drive the price up using low volume.
This causes panic buying and when the buy order book is thick enough, they dump.

Now the difference between Darkcoin and other coins is, that due to the fundamental values, flash dump by pumpers never causes panic selling, price recovers and settles on the higher floor than before.

Rinse and repeat - win-win for everyone except the panic sellers who panic bought.

Exactly. You can just look at the Charts for DRK going all the way back. Same thing has been happening over and over, just keeps getting a bit more epic. It will be interesting to see what happens after the Masternodes start paying people running them as well. One more day?

[DRobert]

I sold 10% of my DRK to join the X11Coin ride. Still 90% in DRK and holding.

[Terzo]

473 btc wall at 0.0203 at mintpal and  cryptsy 373 btc at 0.02003 . I can see what's happening !

[CryptoClub]

I sold 10% of my DRK to join the X11Coin ride. Still 90% in DRK and holding.

Sounds like we are doing roughly the same thing. Good plan.

[Joshuar]

473 btc wall at 0.0203 at mintpal and  cryptsy 373 btc at 0.02003 . I can see what's happening !

Yea, that buy wall is crazy!!!
373 btc, wow. awesome.

[luke997]

How could value drop if there have been moar DRKs bought than sold?
And storms started, well a little one, its gown down... yo

This has been covered many times before, and it works more or less like that:
Big players use trading bots with small amounts driving the market up or down.
When they need to accumulate, they place sell walls and drive the price down using low volume 20-30% below ATH
This causes flash shake out and instantly buying large amounts from the sell order book, which has been pushed down.
When they pump up, they place buy walls, and drive the price up using low volume.
This causes panic buying and when the buy order book is thick enough, they dump.
Now the difference between Darkcoin and other coins is, that due to the fundamental values, flash dump by pumpers never causes panic selling, price recovers and settles on the higher floor than before.
Rinse and repeat - win-win for everyone except the panic sellers who panic bought.

Exactly. You can just look at the Charts for DRK going all the way back. Same thing has been happening over and over, just keeps getting a bit more epic. It will be interesting to see what happens after the Masternodes start paying people running them as well. One more day?

In my opinion, that's 5-7% less daily coin supply - which is already very low at ~2800 Darkcoins.
Why? 10% the the blocks going into masternodes, means going into hands which are much more likely to keep the coins.
Most likely, one doesn't buy 1000 DRK for the masternode just to sell the profit, one does believes DRK has a long way up, and will keep the coins - more likely than miners. I assumed 5-7 out of ten are going to hold.

In any way, with the current volume, 2800 minted Darkcoins is a drop in a bucket. That's ~ 34.000 USD, 1% of the slow day volume and 0.5% of the regular day volume.
In other words, there will be even less people willing to sell.

[Joshuar]

500BTC Buywall on Mintpal:




373BTC Buywall on Cryptsy:

[luke997]

My crystal ball tells me next ATH @ ~0.045-0.05 within a week.

[NutMasterTardd]

Where are the trolls now?

[Joshuar]

Where are the trolls now?

Buying up Darkcoin I'm guessing.

99% of the time, trolls troll just to try and get cheaper prices, so they can buy in cheap..

[Kartoff]

Where are the trolls now?

I hope whale eat them 

[PureDev]

Wow - 500BTC Buy Order

[AlexGR]

Where are the trolls now?

Some times I don't know if trolls are working in favor or against the whales.

Whale buyer of course want his investment to look shiny, so he wants less trolls. But short term, the whale buyer needs trolls to buy his way upwards by making other people not-buy or holders to sell, otherwise he is paying more BTCs for his DRKs.

Anyway.

[NutMasterTardd]

Completely agree with all of you.

Gave us a nice chance to buy in on a dip too

[Honest Tim]

You guys are catching a falling knife..

A smart trader would rarely try and catch a shitcoin on the way down.  That's suicidal.

But when the fundamentals are strong in a coin, you have a top tier dev, news sources are starting to report on your coin, and you see a low volume retracement with a high volume blowoff low, you're not catching a falling knife.  You're catching a baby falling out of a 3rd story window that you now get to watch grow into a toddler, then a teenager, then an adult.

That was beautiful, I'm almost in tears.

[bitcad4u]

You guys are catching a falling knife..

A smart trader would rarely try and catch a shitcoin on the way down.  That's suicidal.

But when the fundamentals are strong in a coin, you have a top tier dev, news sources are starting to report on your coin, and you see a low volume retracement with a high volume blowoff low, you're not catching a falling knife.  You're catching a baby falling out of a 3rd story window that you now get to watch grow into a toddler, then a teenager, then an adult.

That was beautiful, I'm almost in tears.

so deep