chesthing (OP)
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March 09, 2014, 03:54:14 PM
Last edit: March 09, 2014, 04:13:58 PM by chesthing |
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Have a theory, last Monday the btc price spiked out of nowhere as we all know. The same day Auroracoin trade volume was bonkers, sending the coin over triple it's value that day. This morning, btc shot up $25 out of nowhere again, corresponding to a current Aurora pump. Just wondering if at least part of these btc increases could be explained by people buying btc so they can buy Auroracoin.
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FierceRadish
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March 09, 2014, 04:07:01 PM |
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My theory is there's an OP/Aur connection.
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chesthing (OP)
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March 09, 2014, 04:15:49 PM |
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My theory is there's an OP/Aur connection.
I'm not even into Aur just observing. Nice theory though, keep 'em coming.  |
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threecats
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March 09, 2014, 04:17:38 PM |
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i was in it for a few days. some serious manipulation going on by people who bought large amounts dirt cheap at the start. dunno about the btc connection. seems to me there is a lot of infrastructure disorganization, the whole airdrop thing is not really figured out yet, merchants are not on board, etc. a bit sad because i think it is an interesting experiment.
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MatTheCat
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March 09, 2014, 04:40:00 PM |
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i was in it for a few days. some serious manipulation going on by people who bought large amounts dirt cheap at the start. dunno about the btc connection. seems to me there is a lot of infrastructure disorganization, the whole airdrop thing is not really figured out yet, merchants are not on board, etc. a bit sad because i think it is an interesting experiment.
Like most of the Alt-coins. Impossible to read charts because it isn't really market action that is going on, just plain old whale manipulation. I to like the concept of Aurora coin and Meza coin also.....but this is the world of pump n dump alt-coins we are talking about. Noble causes mean shit in this world, its all just pump em high and crash em low. |
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hellscabane
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March 10, 2014, 04:02:06 AM |
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i was in it for a few days. some serious manipulation going on by people who bought large amounts dirt cheap at the start. dunno about the btc connection. seems to me there is a lot of infrastructure disorganization, the whole airdrop thing is not really figured out yet, merchants are not on board, etc. a bit sad because i think it is an interesting experiment.
Like most of the Alt-coins. Impossible to read charts because it isn't really market action that is going on, just plain old whale manipulation. I to like the concept of Aurora coin and Meza coin also.....but this is the world of pump n dump alt-coins we are talking about. Noble causes mean shit in this world, its all just pump em high and crash em low. Yeah that's pretty much how the whole flow of things keep being and will most likely continue to be. That said, there has been some links with the increase in price of BTC with significant increases of volume (in BTC) with altcoins before. It's kinda like that relation between altcoins and BTC market caps. When BTC market cap goes down a substantial amount, so does the BTC exchange rate of altcoins. The contrapositive in this case isn't necessarily true, but a lot of the time, there is a strong link. |
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seleme
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Duelbits.com
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March 10, 2014, 04:50:18 AM |
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That's shit, it was much more fun before December alts rally when alts would go down when Bitcoin would rally and vice verse. I couldn't care less about Bitcoin price at those times, I'd hedge with alts and be much better than trading btc vs usd.
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Bit_Happy
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A Great Time to Start Something!
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March 10, 2014, 06:43:41 AM |
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....alts would go down when Bitcoin would rally and vice verse.
alt/BTC (not usd) would often go down when Bitcoin would rally and vice verse ^^^ Yes there was a huge change in Dec. |
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El Dude
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March 10, 2014, 06:57:07 AM |
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Aur is a premine scam , there is no connection to bitcoin .
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Bitcoin and Litecoin hodler
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Bit_Happy
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March 10, 2014, 07:09:26 AM |
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Aur is a premine scam , there is no connection to bitcoin .
Then how is BTC not a premine scam?  |
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El Dude
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March 10, 2014, 10:06:57 AM |
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Aur is a premine scam , there is no connection to bitcoin .
Then how is BTC not a premine scam? cause 50% of bitcoin wasn't mined before it's release. |
Bitcoin and Litecoin hodler
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