yep, the wild wild west of DDOS.....
And yeah, you are right
don't dump coins on exchange --- especially that f-cking crypto-rush site
it is full of scamming traders ( not miners ) who want to buy new alt-coins
for like 0.0000001 BTC --- then re-sell YOUR coins days or weeks later for 0.0001
making 1000x if profits --- dont be stupid and dump coins or you will regret it later.
also, i have noticed if you sell coins, the RATE is always WRONG
the default SELL rate is always DUST and in favor of the scamming traders.
if you do not manually enter a HIGHER SELL RATE, you will get f-cked in the @ss
and dump coins for dust --- the scammer traders snatch them up quick....
if the market stinks -- hold on to your coins for another day! You don't have to sell them immediately!
MINERS MUST BE AWARE OF HOW THESE EXCHANGES WORK, SO YOU CAN DEMAND
A BETTER EXCHANGE RATE --- ALWAYS MANUALLY ENTER A HIGHER RATE WHEN SELLING
DO NOT EVER JUST ENTER A QTY TO SELL AND HIT SUBMIT, OR YOU WILL UNKNOWINGLY
DUMP YOUR COINS FOR DUST!
ALSO, IT IS NOT A COMPETITION TO SEE WHO CAN GIVE-AWAY THE MOST COINS FOR DUST!
GOOD TRADES ARE NOT ALWAYS QUICK AND INSTANT... IT REQUIRES PATIENCE
WHEN SELLERS KEEP UNDERMINING THE OTHER SELLERS, TRYING TO GIVE THEIR COINS
AWAY FOR LESS AND LESS THAN THE OTHER GUYS, IT HURTS EVERYONE.
THE SCAMMING TRADERS SIT BACK AND WATCH YOU FOOLS KEEP LOWERING THE
SELL ORDERS, THEN TAKE ADVANTAGE OF YOU AND BUY THE DUMPED COINS.
THIS IS HOW THOSE SCAMMING TRADERS PLAY THE GAME....
THEY ALSO USE BOTS AND AUTO-TRADE SOFTWARE...
THEY EVEN DUMP THEIR OWN COINS FOR DUST & THEN BUY THEM BACK
TO MAKE THE LAST BUYS/SELLS REALLY LOW.... TO MANIPULATE THE MARKETS IN THEIR FAVORS.
TO TRICK SELLERS INTO SELLING FOR A FRACTION OF WHAT YOUR COINS ARE REALLY WORTH.
YES, THE F_CKING TRADERS ARE SOME TRICKY SCAMMING MF's !
SO BEWARE!
MINERS NEED TO STICK TOGETHER, AND NOT LET THOSE F-CKING TRADERS RIP US OFF!
You wouldnt sell $100 of "DOPE" for $10 or $1 to someone, would you?
You'd go out of the "DOPE" dealin' business real quick if you did! LMAO.
LTC litecoin went from under $2.00 to over $20 USD in 7 months......
Just something to think about BEFORE you dump your alt-coins.