|
|
mikemikemike
Copper Member
Full Member
 Offline
Activity: 224
Merit: 100
|
 |
June 03, 2014, 07:29:09 AM
Last edit: June 03, 2014, 07:39:41 AM by mikemikemike |
|
thanks Catkiwi ,are you a professiionnal trader ?
if so can you make some technical analyse sometime, its always interresting to see how its going behind number (perhaps with graph) ?
Not a professional, but it is how I make my Bitcoin. Since October 2013. I will tell you this - Expect to see some sell walls out of now which appear maybe once or twice per hour - these are attempts to induce holders to dump coins into the sell wall owners buy orders. The coin is going to test 0.03 in the next 24 hours. Not because of any amazing dev work, or community efforts, but because there is a tidy profit to be made in buying a coin cheaply (as it is now) and pumping it up 50% - It's just a fact. If you are a small fish, like myself, you will be wise to buy back in now. Ideally you bought back in when it was around 186,500 and there were some tasty sells on offer, but it is not too late. The way the manipulators in charge of this particular coin's price direction seem to function is very much based on the performance of Blackcoin and Darkcoin and interestingly Bitcoin itself. You can get an indicator of where XC is going to go based on the rise or fall of those three coins. We discussed a few weeks ago how it is generally the same Bitcoin being moved about various coins, one goes up - the whales cash out - then they start slowly buying up their next target before they place a mammoth 100+ BTC buy wall and let others pump it up for them. The only way to be a successful small trader is to anticipate their next pump, and it is not as hard as people make out. Look for seemingly random, medium sized buy orders ABOVE the market price spread about 2 or 3 hours apart over the space of 24 hours or more. E.g. the last sell price is 190,000 - someone buys 10 BTC up to 193,000 before the price drops back down to 190.000 again. You may think to yourself "Huh, some fool just paid more than they needed to!" - but in reality they are the smart ones. You see they KNOW the target of the next pump, it is always a coordinated effort between the whales to ensure maximum profit among themselves - its bad for business to be fighting each other - they may give the appearance that they are fighting each other but really they are just trying to get you to move in one way or another. If you see this sort of order over the space of 24 hours, take all of them and look at the highest price they bought at for each order - average it - then add on 50% to that (the observed amount a coin seems to pump before the dumping occurs - it is the point where two forces meet - the buyer feels confident that the coin has risen to much to crash and must be a sign its about to "go to the moon" - the seller feels confident that a 50% profit is worth selling 100% of their stash.). Now back track 10%. Between 40 and 50% the whales have quietly been dumping their coins on the buyers who buy without any regard to common sense - they are blinded by greed and will munch through thousands of dollars worth of coins in seconds. By the time the price rises 50% the whales have all but removed themselves from the market and the little fish begin to take their profit. This tips the balance and the coin starts to go down. Without the whales to pump the buys up with massive walls the ordinary buyer gets scared and removes their buy order completely - it happens very suddenly but it causes a 20-25% fall in price within 60 seconds more often than not. Then people foolishly think its just a correction and starting buying again - this slows the descent but doesnt change the downward trend - the coin MUST go back to around the level it was when the whales first started buying with an additional 10% added on. One of the side effects of a pump is that the resulting stable price is usually around 10% higher than the previous. There are what I would call "Super Pumps" whereby the target is set 2 to 500% above the current price - We saw this with Pandacoin, Karmacoin, Blackcoin, Dogecoin, XC, DRK etc. - You generally will only get one shot at this as it relies on a very low marketcap - once a coins starts to get into the 10s of millions of dollars it becomes far harder to pump up 500% - but the sweetspot is aorund $150-500,000. Rest assured however, a super pump is followed by a super dump as seen in every single coin that has ever been pumped up - even Bitcoin and Litecoin themselves. Ultimately just watch the market - thats my advice to you - and I don't mean watch the price - i mean watch the behaviour, what KIND of buys and sells are we seeing? What is the volume and price of each order? what space are they apart? what timezone do they most correlate to? what coin experienced a sell order of similar quantity to the buy order just observed? for example. Have fun! Thank you for taking your time to share your expertise, most people seem to just reached puberty. How do you think xc will stand against all other "anon" coins poppin up? Wont that influence as well (not just whales)? Hope people get inspired by you and we all can share our knowledge and reach a fair balance, dont wanna see the cryptoworld be inspired by wall street haha Dude, I'm trying not to be an asshole here, but why he has posted an in depth peice, it's basis is completely incorrect. As a professional trader myself, none of this is price manipulation. Its called price discovery after a bubble. What's happening is completely natural and not caused by the effects he is stating. Traders know this and we profit hugely from it, what he's saying is to follow the whales, which is completely incorrect. You need to understand the market dynamics so you can beat the whales. And all because someone is a whale doesn't mean they know jack shit about what's going on, You might be following the completely wrong trend and get caught. If you want to know what's happening right now, google 'stock charts descending wedge' and zoom out to the 2H chart which is when the bubble started to pop. Us professional traders know how the market is going to react next without news. Learn too. You can follow the whales and make small amounts, but if you have large amounts you need liquidity, which means knowing what's coming next. If you get caught with a large amount in the wrong turn without liquidity to sell your screwed. I advise you do some research on market dynamics, technical analysis, and both their importances on mass psychology, from there you'll not only be able to predict what the market is most likely going to be able to do next, you'll also be able to call out the waves off FUD before they even appear. Anyways, Once you know that stuff inside out, you would have realised whats happening with the price has zero to do with manipulation, and any attempts at manipulation are extremely short lived and mostly futile. Good luck. |
|
|
|
|
benthach
Legendary
Offline
Activity: 1764
Merit: 1000
|
|
June 03, 2014, 07:32:33 AM
Last edit: June 03, 2014, 08:17:00 AM by benthach |
|
the article/post say DRK is just a copy of Bitcoin CoinJoin (eg: Bitcoin's Dark Wallet), so , this is where the name Dark coming from? I guessed so. Basically DRK/darksend is just a copy of Dark Wallet and this is why the coder can't seem to fix any DRK problem. CoinJoin is still an experiment! This answer my question to why DRK instamined too much/half of their coins. |
reddit btcwriter1 - twitter kingpininvestor
|
|
|
|
phosphorush
|
|
June 03, 2014, 07:49:06 AM
Last edit: June 03, 2014, 08:09:49 AM by phosphorush |
|
Your weight: 1308
Network weight: 8849
Reward Estimation: 10 min
Rewards won = 0
This is looking really shady
|
Your account locked, please contact support.
|
|
|
|
avw1982
|
|
June 03, 2014, 08:05:44 AM |
|
If your running the run-xc-xnode-mainnet.bat, do you still need to unlock the wallet?
|
|
|
|
|
jaft16
Member
Offline
Activity: 88
Merit: 10
|
|
June 03, 2014, 08:11:22 AM |
|
Who's the idiot with that 40btc sell wall on Mp.
I'm getting tired of people just manipulating the market.
Just let it be FFS.
It looks to me as conspiracy against us because we are getting somewhere and certain coins don't like the fact we can archive big things.
|
|
|
|
|
Artoodeetoo
|
|
June 03, 2014, 08:15:09 AM |
|
Mikemikemike,
Does it look to you like we have bottomed out? That little sell wall looks like whale games to me...
Artoo
|
DASH #DashDC #DashIntoDigitalCash
|
|
|
|
ChilliWinter
|
|
June 03, 2014, 08:21:54 AM |
|
Hi everyone,
I would to know if there is a way to monitor our own xnode with last client/wallet.
Thanks
|
Cloakcoin, Blocknet and Syscoin supporter
|
|
|
|
cryptoholic11
|
|
June 03, 2014, 08:22:26 AM |
|
What is this? Tell me its confirmation that the anon works. |
|
|
|
mikemikemike
Copper Member
Full Member
Offline
Activity: 224
Merit: 100
|
|
June 03, 2014, 08:26:49 AM |
|
Mikemikemike,
Does it look to you like we have bottomed out? That little sell wall looks like whale games to me...
Artoo
It looks like we've stabilised which is great. The next large move will be pivotal. I personally think we're gonna breakout up within the next day. This looks like a textbook descending triangle which means a huge upside move should be coming soon. That order. I don't know. It could just be someone trying to sell. It does seem a little silly though, if they broke it down into smaller orders it would sell allot quicker. Maybe they are trying to push down the market, but with only 40BTC its pretty suicidal, 400BTC would probably do it, not 40. I donno, believe it or not but if I had to choose, I'd say it would just be someone wanting out. It's far too small for a propper manipulation move, and if it is a manipulation move, far too stupid. Remember, large holders doesn't mean they are smart. Allot of 16 year old miners make millions in this business, doesn't mean they have the game to effectively trade. Anyways, it doesnt matter, I'm currently liquidating other funds so i can wipe it off the map. Ill happily take a 40BTC bet that were about to breakout upwards. It's kinda what I do. |
|
|
|
|
|
cryptoholic11
|
|
June 03, 2014, 08:36:41 AM |
|
Holy shit...so the current price is insanely undervalued. Time to dump my other altcoins. |
|
|
|
|
tr8kr
|
|
June 03, 2014, 08:41:42 AM |
|
we really need some tools for monitoring the work behind xnode.
Mine is running but i dont know if something work behind for now after 12h no fee received.
I'm running it on another computer but with the same internet IP i have only one isp its ok ?
|
|
|
|
|
|
Profetu
|
|
June 03, 2014, 08:55:01 AM |
|
What? I was convinced it's XLXKRnecfvnN6RRtLqM9isygJWWUPTdeSF |
|
|
|
|
|
studio1one
|
|
June 03, 2014, 08:57:59 AM |
|
The thing is you never logged the actual address before starting this so we have no idea of knowing if you are being straight. What you needed to do was upload a password protected rar file somewhere with the address in before starting the competition. |
| BINTEX | |
●
●
●
●
●
●
●
| | | |
●
●
●
●
●
●
●
| |
Powered by,
|
|
|
|
|
CryptoGretzky
|
|
June 03, 2014, 09:00:43 AM |
|
The thing is you never logged the actual address before starting this so we have no idea of knowing if you are being straight. What you needed to do was upload a password protected rar file somewhere with the address in before starting the competition. He said he will post screenshot of his transaction tomorrow at the beginning already.... |
|
|
|
|
studio1one
|
|
June 03, 2014, 09:03:08 AM |
|
The thing is you never logged the actual address before starting this so we have no idea of knowing if you are being straight. What you needed to do was upload a password protected rar file somewhere with the address in before starting the competition. He said he will post screenshot of his transaction tomorrow at the beginning already.... ah ok. Paying attention was never my strongpoint. |
| BINTEX | |
●
●
●
●
●
●
●
| | | |
●
●
●
●
●
●
●
| |
Powered by,
|
|
|
|
|
child_harold
|
|
June 03, 2014, 09:11:41 AM |
|
Is ANon working? Whats the current situation / r there some bugs?
thanks 4 the update
|
|
|
|
yoo10
Member
Offline
Activity: 88
Merit: 10
|
|
June 03, 2014, 09:13:59 AM |
|
The thing is you never logged the actual address before starting this so we have no idea of knowing if you are being straight. What you needed to do was upload a password protected rar file somewhere with the address in before starting the competition. He said he will post screenshot of his transaction tomorrow at the beginning already.... send xc From address A to B post md5(A) in this thread, when the game is over, post A here then we all can check it. http://www.md5.net/ |
|
|
|
|
|
Krushang
|
|
June 03, 2014, 09:46:25 AM |
|
Hi all, loving the work on XC My first post ever!  hopefully many more the come Just a quick question of anyone can help me, I have an imac and I want to start staking? Can someone please advise me how to do it, I would appreciate it alot Thanks |
.
| .
| .
▬◇
▬◇▬◆
▬◇▬◇▬◆
| .
| | .
| | .
| | .
| .
◇▬
◆▬◇▬
◆▬◇▬◇▬
| .
| .
|
|
|
|
|
520Bit
|
|
June 03, 2014, 09:48:41 AM |
|
Hi all, loving the work on XC My first post ever! hopefully many more the come Just a quick question of anyone can help me, I have an imac and I want to start staking? Can someone please advise me how to do it, I would appreciate it alot Thanks You need to buy some XCs at: https://www.mintpal.com/market/XC/BTCThen withdraw to your XC wallet, unlock the wallet, then your wallet will start mint automatically, normally, you need to wait for more than 8 days to get the stakes. |
|
|
|
|
|
