vectisitch
Legendary
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Activity: 1927
Merit: 1004
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May 21, 2014, 08:58:36 PM |
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lets face it, regardless of personal feelings,both bc and LBX are good coins with a lot of potential.i hold both. but as has been said . both prices seem to be suffering from someone keeping the prices low. liberty should be at the same level as bc now and maybe higher in time. so ,what the hell is going on here?
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acseric
Member
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Activity: 112
Merit: 10
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May 21, 2014, 09:01:24 PM |
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XLB is trading over 8900 sat on Cryptsy, and under 5000 sat on Mintpal. People selling on Mintpal need to stop discounting the price.
The free market will fix itself. That is not free market at work. It seems someone does not want to see XLB succeed. When we were on Bittrex we were doing well. As soon as we were listed on Mintpal the price started being suppressed. Think about it...XLB has just over 16 million coins and it is trading around 5000 sat. However, BC has over 75 million coins and it is currently trading around 18,000 sat. Mintpal seems like the center of price manipulation. The prices on several of the new coins seem continually suppressed there, and not in a way that makes sense. Sell walls 10% below current pricing, etc. Daytraders wouldnt trade like that, because it doesnt maximize profit. |
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acseric
Member
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Activity: 112
Merit: 10
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May 21, 2014, 09:03:15 PM |
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Is there a way we can petition to move off of mintpal now that we are on cryptsy?
Just a thought.
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gatti
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May 21, 2014, 09:05:47 PM |
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Is there a way we can petition to move off of mintpal now that we are on cryptsy?
Just a thought.
is this real life?  |
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IconicExpert
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May 21, 2014, 09:06:08 PM |
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XLB is trading over 8900 sat on Cryptsy, and under 5000 sat on Mintpal. People selling on Mintpal need to stop discounting the price.
The free market will fix itself. That is not free market at work. It seems someone does not want to see XLB succeed. When we were on Bittrex we were doing well. As soon as we were listed on Mintpal the price started being suppressed. Think about it...XLB has just over 16 million coins and it is trading around 5000 sat. However, BC has over 75 million coins and it is currently trading around 18,000 sat. Mintpal seems like the center of price manipulation. The prices on several of the new coins seem continually suppressed there, and not in a way that makes sense. Sell walls 10% below current pricing, etc. Daytraders wouldnt trade like that, because it doesnt maximize profit. When there is smoke there is fire. If you watch the trades for XLB they do not make sense. This coin is worth much higher than 5000 sat and we all know it. |
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brammien
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May 21, 2014, 09:08:52 PM |
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Is there a way we can petition to move off of mintpal now that we are on cryptsy?
Just a thought.
You do make good point. Kids like to play on mintpal. Not sure you can tell them to pull your coin. But wonder if there are ways for us to self regulate for manipulation? Sec is supposed to do this in other markets so is there way to have acting body of people watching for price manipulation and addressing it with mintpal or whatever exchange. |
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acseric
Member
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Activity: 112
Merit: 10
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May 21, 2014, 09:16:11 PM |
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Is there a way we can petition to move off of mintpal now that we are on cryptsy?
Just a thought.
You do make good point. Kids like to play on mintpal. Not sure you can tell them to pull your coin. But wonder if there are ways for us to self regulate for manipulation? Sec is supposed to do this in other markets so is there way to have acting body of people watching for price manipulation and addressing it with mintpal or whatever exchange. Not to be all Barabbasy (if that is a word), but allowing price manipulation is good for Mintpal's bottom line. Tinfoil hats think that Mintpal is complicit in the manipulation. |
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IconicExpert
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May 21, 2014, 09:17:36 PM |
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Well right now XLB is trading roughly 2000 sat more on Cryptsy than Mintpal.
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dcm987
Newbie
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Activity: 56
Merit: 0
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May 21, 2014, 09:25:02 PM |
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Yes,it is strange how both BC and XLB are immediately sold as soon as the smallest rise up happens. the amounts are too absurd for even skimming daytraders
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TenaciousC
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May 21, 2014, 09:40:47 PM |
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Yes,it is strange how both BC and XLB are immediately sold as soon as the smallest rise up happens. the amounts are too absurd for even skimming daytraders
They'll be kicking themselves soon enough when value tripled or more  |
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dcm987
Newbie
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Activity: 56
Merit: 0
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May 21, 2014, 09:43:17 PM |
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Yes,it is strange how both BC and XLB are immediately sold as soon as the smallest rise up happens. the amounts are too absurd for even skimming daytraders
They'll be kicking themselves soon enough when value tripled or more Personally, we should be honored that both coins are clearly a threat to someone or something lol.its just waaayy to blatant |
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tommyj1
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May 21, 2014, 09:46:23 PM |
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sell @cryptsy buy @mintpal  |
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dcm987
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Activity: 56
Merit: 0
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May 21, 2014, 09:47:15 PM |
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sell @cryptsy buy @mintpal Y'all better be quick lol.enough people see this they'll correct it somewhere. |
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MoonDusk
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Activity: 89
Merit: 10
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May 21, 2014, 09:48:25 PM
Last edit: May 21, 2014, 10:11:21 PM by MoonDusk |
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A multi-pool is what we need to counteract this manipulation. With a decent hashrate and well timed buys we could counteract this manipulation relatively easily. As I said earlier I'll send all my scrypt power (25mhs) to anyone who can make one. With our communities mining capacity combined there we'll be able to create a strong buy pressure that's for sure! IE stated there is a 1BTC bounty for the first to make a multi-pool. So any talented developers out there it is your chance to shine, be daring and creative, lets make something special here and cement LibertyCoin as a heavyweight coin. For now, enjoy the cheap coins my brothers and sisters!  |
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IconicExpert
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May 21, 2014, 10:03:06 PM |
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If you are on the sidelines wondering if you should buy, I suggest buy now while it is still cheap. Within the next 24 hours I think we will be trading much higher than we are now.
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mv1986
Legendary
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Activity: 2128
Merit: 1202
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May 21, 2014, 10:07:44 PM |
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Let's see what your thoughts are worth...
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shogun47
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May 21, 2014, 10:09:44 PM |
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If you are on the sidelines wondering if you should buy, I suggest buy now while it is still cheap. Within the next 24 hours I think we will be trading much higher than we are now.
I am betting you are right. I've bought ssome more XLB today. |
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dcm987
Newbie
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Activity: 56
Merit: 0
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May 21, 2014, 10:27:20 PM |
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Looks like the arbitrage has been corrected for y'all lol
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MoonDusk
Member
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Activity: 89
Merit: 10
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May 21, 2014, 10:28:57 PM |
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Looks like the arbitrage has been corrected for y'all lol
Happy days |
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dcm987
Newbie
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Activity: 56
Merit: 0
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May 21, 2014, 10:33:26 PM |
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Looks like the arbitrage has been corrected for y'all lol
Happy days I know shiiit y'all are lookin like gold on mintpal right now lol.wpuldmt be surprised if your volume picks up and your coin's price moves up soon |
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