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Mr. Net (OP)
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April 03, 2014, 09:54:30 AM
Last edit: April 23, 2017, 11:00:10 AM by Mr. Net
 #1

BTC

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roslinpl
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April 03, 2014, 03:12:51 PM
 #2

Yes well this is possible but might be no profitable for someone holding 90%.
MysticalPotato
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April 03, 2014, 03:18:41 PM
 #3

We know that about 10% of all coins are generally traded on the exchanges. So if you take 10% of that 10% that are not in control you are left with only 1% of all coins up for sale.

I don't think this is correct, man.
Please bear in mind that for most coins, only a fraction is mined during the early days - and there have been several monumentally massive first-week/month dumping that far, far exceed the 10% mark.

Unless coins have PoS or stellar innovation/development, exchanges are typically flooded from the get go. Even some of the relatively stronger coins suffer from cyclic dumping in an effort to strategically depress prices.

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brokedummy
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April 03, 2014, 03:42:19 PM
 #4

It's pretty much only possible to acquire 90% of a crypto if absolutely nobody cares about it. Then you are 90% stakeholder in a crypto that nobody cares about. Might not be all that profitable, and you might never be able to cash out more than you put in without crashing it back to where you bought it all. Nonetheless, I'm prety sure something like this is already happening with a few dead coins nobody cares about. First ones that come to mind are GLB and SOC, but I'm sure there are others.
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April 03, 2014, 04:44:01 PM
 #5

It's pretty much only possible to acquire 90% of a crypto if absolutely nobody cares about it. Then you are 90% stakeholder in a crypto that nobody cares about. Might not be all that profitable, and you might never be able to cash out more than you put in without crashing it back to where you bought it all.

Yep, that's right. Buying a crypto like that is like buying a defunct company that still trades as a penny-share shell. You can buy cheap, but once you buy you're the proud owner of a ball and chain. You have to haul the ball and drag the chain, else you might as well write off your purchase.






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Murch
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April 08, 2014, 02:29:33 AM
 #6

People wouldn't realize though. Greed would take over and the price would just keep barreling up until the majority holders dump.
Murch
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April 13, 2014, 06:41:23 PM
 #7

Looks like this baby is going to the moon. Very excited for the coming rise. This is the perfect time too given all the pumping on Mintpal going on as we speak.
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April 13, 2014, 07:09:44 PM
 #8

suncoin .. good to know I will buy some Gridseed  Grin

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Bit_Happy
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April 13, 2014, 07:13:45 PM
 #9

Trying to be Big Fish in a small lake?  Cheesy

Murch
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April 13, 2014, 07:24:10 PM
 #10

The beauty of low market caps is that people can only dump so much on you before there's nothing left to dump.
cherokee4x4man
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April 13, 2014, 08:00:02 PM
 #11

It does seem like some serious buy support is building!
Mr. Net (OP)
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April 14, 2014, 11:03:59 PM
 #12

Hmm there don't seem to be any big sell orders left... how weird.

Sell orders all empty hehe.


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startselect
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April 15, 2014, 05:30:23 AM
 #13

Dry hole. I encountered one of those once. Sad
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April 15, 2014, 05:32:09 AM
 #14

Trying to be Big Fish in a small lake?  Cheesy

Fish is out of Lake and drying.
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April 17, 2014, 11:57:26 PM
 #15

I wonder how many big holders of sun coin are left?  Not many I suppose.  No sell order on Mintpal over .3 does not seem like it would take much to push this well to the sun.
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