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Author Topic: CannabisCoin [CANN][X11][Official] Developments & Discussions  (Read 705211 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
balladofjpeg
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March 26, 2015, 03:53:41 PM
 #3541

On October 2014 CANN went from little short of 2k to over 6k in 3 days with a volume of 311 BTC. in the past week 740 BTC have been spent to go from 1,5k to 2k. This may mean that who is investing that much money is willing to profit from it sooner or later or that too many people lost money last october and are too keen to get something back

sorry but if I bought at 8k or similar, doesnt matter if I sell at 1,5k or 2k
everyone accumulate and now are waiting for 15k or 20k or more


My point is: hard to imagine. in the last 3 hours over 40 BTC have been spent on CANN and the price went up of 30 satoshi! 30!!!
people don't want to raise the price while accumilating Wink

come on..
if all of us is accumulating, who is going to buy during the pump?  Roll Eyes
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allihies
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March 26, 2015, 03:57:42 PM
 #3542

On October 2014 CANN went from little short of 2k to over 6k in 3 days with a volume of 311 BTC. in the past week 740 BTC have been spent to go from 1,5k to 2k. This may mean that who is investing that much money is willing to profit from it sooner or later or that too many people lost money last october and are too keen to get something back

sorry but if I bought at 8k or similar, doesnt matter if I sell at 1,5k or 2k
everyone accumulate and now are waiting for 15k or 20k or more


My point is: hard to imagine. in the last 3 hours over 40 BTC have been spent on CANN and the price went up of 30 satoshi! 30!!!
people don't want to raise the price while accumilating Wink

come on..
if all of us is accumulating, who is going to buy during the pump?  Roll Eyes

good point. also, why is people selling 40 BTC of CANN at 2k if they can easily wait for the price to go high?
balladofjpeg
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March 26, 2015, 04:17:29 PM
 #3543

nice question, my answer: "I have no idea"
much more expectations than october and I think there will not satisfy
Jahvinci
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March 26, 2015, 05:01:47 PM
 #3544

In my humble opinion, it's faked volume. They're just trading with themselves so the charts look impressive. I love crypto and I love the mind games that come with it!   Cheesy

www.Motacoin.net - Launched March 18th, 2018 - Los Angeles based Cannabis Cryptocurrency!
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choochimil
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March 26, 2015, 05:16:35 PM
 #3545

Oh yes the volume is fake.

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Jahvinci
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March 26, 2015, 05:42:43 PM
 #3546

Kinda funny how these little tricks actually work  Cheesy
I'm just taking notes.

www.Motacoin.net - Launched March 18th, 2018 - Los Angeles based Cannabis Cryptocurrency!
www.Instagram.com/Motacoin | www.T.me/MotaCoin
www.Twitter.com/Motacoin_ | https://discord.gg/KMJrZZp
ASICrefugee
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March 26, 2015, 05:47:18 PM
 #3547

Im glad to see some of you are using your senses.

This coin has been pure pump and dump.




There goes the neighbourhood............................ Cheesy
fartbags
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March 26, 2015, 05:56:01 PM
 #3548

Im glad to see some of you are using your senses.

This coin has been pure pump and dump.




There goes the neighbourhood............................ Cheesy


D9 is still working on growing cannabis. This coin can be exchange at 1 CannabisCoin for 1 gram of CANNdy. This coin is under priced.



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March 26, 2015, 05:59:11 PM
 #3549

Raspberry Pi 2. Just sayin.

www.Motacoin.net - Launched March 18th, 2018 - Los Angeles based Cannabis Cryptocurrency!
www.Instagram.com/Motacoin | www.T.me/MotaCoin
www.Twitter.com/Motacoin_ | https://discord.gg/KMJrZZp
allihies
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March 26, 2015, 06:47:20 PM
 #3550

Price rised 49 satoshi in the last 6 hours with 79.07 BTC invested
SecretsOfCrypto
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March 26, 2015, 07:21:03 PM
 #3551

420 to open a lot of new eyes to $CANN  Smiley  Wink

One of the best coins to invest in.
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March 26, 2015, 07:30:44 PM
 #3552

this is some crazy accumulation going on (bots helping) lol wowowow

$ADK ~ watch & learn...
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March 26, 2015, 07:53:18 PM
 #3553

this is some crazy accumulation going on (bots helping) lol wowowow
nearly 100 BTC in about 8 hours
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March 26, 2015, 08:34:45 PM
 #3554

Oh yes the volume is fake.

There has been how much volume in the last 2 weeks? Maybe 1,400 btc? Let's say half of it was fake, that would mean that the 'faker' paid out 700*0.0025 = 1.75 btc = $440 in trade fees. Why would they do that?

Some coins have fake volume just to give them the minimum 0.2 btc per day average to keep them listed on bittrex. Others may have fake volume for short periods of time for various other manipulative reasons, but I don't think anyone would waste hundreds of dollars creating fake volume on CANN unless they held a major portion of all of the coins and got really impatient about driving the price up.

That said... I made a post earlier about the "triplets". Somebody has programmed a bot to keep a set of 3 0.555 btc orders dancing around the edges of the buy/sell order books.

Now it seems that they are delicately guiding the price upwards in a very controlled fassion.



While I question whether much or any of this volume is fake, there is definitely some weird stuff going on in the CANN markets the last two weeks.

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March 26, 2015, 08:40:02 PM
 #3555

big 15 BTC dump recovered in no time
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March 26, 2015, 09:05:23 PM
Last edit: March 26, 2015, 09:30:58 PM by philipvdlinde
 #3556

The dumps are probably a way to generate volume (since they are being bought up massively) It's either that or someone is accumilating a lot of dumps above 2k. Anyways we continue to go up very gradually.
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March 26, 2015, 09:51:50 PM
 #3557

Hello everyone.
I decided to register here. I Cann since last August, but then not much was saving her ... although in General it doesn't matter, mining this coin are doing all the time. I've noticed that, if someone does not fully see it. On Bittrex this bot works great not only on Cann, but DarkCoin, ShadowCash and sometimes also on other coins where the volume more than 50 btc, as well as the spread is not very large. Saw him three days ago from the time of its appearance almost. Now he began to increase their rates to the extent it was 0.555 btc, now to 0.833 and I think not the limit. On Cann I've tried to break it down below its levels, in General, breaks, if repeatedly to sell on his own positions, but you need a lot of coins. Did it purely from the experiment, then ransomed. Actually I think that the coin was inevitable leap up to 2-3 Кsat. Some time ago, on Sat 1000-1200. had mine at a loss simply, the complexity of the network was the same as it is now, respectively, the yield was 2 times lower. The price level in 1.8-2 KSat. corresponds to the approximate income other X11 good coins at the moment (Drk, Start). But soon we Cann on another division awards, the blocks will be halved, only three days left before this. In this case, when the current complexity of the network, the level of prices must go to 3Ksat. This is my assumption and yesterday I was thinking about 3.2 Ksat. I think we will be there within the next a short time, then it is possible that a small setback, but it will be a new long-term bottom. I would just like to encourage everyone not to rush to drown the market with coins and sell at 10-15-100! Btc in Cann equivalent lump sum, as this feverish market. We may well go higher in price and stay there for a long time without falling at all, regardless of any news. We hope for a strong community and an understanding that the coin really can become very strong in the future.
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March 26, 2015, 10:26:18 PM
 #3558


In all these calculations and comparisons against the October 20 pump, is anyone actually converting to fiat values?. How does it affect your calculations that bitcoin is 35% cheaper now than it was 10/20? Bitcoin was $385 then, it's trading around $250 now.

Just wondering...

Tips: CANN: CRAUn1GyLcqyC2dfi7F1FDjvrzmLzwApAx
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March 26, 2015, 10:38:29 PM
 #3559

I think that there is no direct connection between Bitcoin and Cann, there are some connections, which obviously works indirectly. Currently I just think so on the basis of observations - everyday I do is see what the conclusions. Well, actually it's just, I'm just proving a point that now the award will be in 2 times less the price of the coin will inevitably go up, or just about the coin will start to forget... but it Cann, lots of people lost money, many have invested, it will not forget, because the price up. Whales can manipulate and push the price down, but it will be temporary. I would recommend now the bot to buy large amounts and sell 3-5 days, see if I was right. If you buy the bot a total of 20-40 Btc. maybe more, he'll start to push the price up and will be 3 Ksat.
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March 26, 2015, 10:57:44 PM
 #3560

I think that there is no direct connection between Bitcoin and Cann, there are some connections, which obviously works indirectly. Currently I just think so on the basis of observations - everyday I do is see what the conclusions. Well, actually it's just, I'm just proving a point that now the award will be in 2 times less the price of the coin will inevitably go up, or just about the coin will start to forget... but it Cann, lots of people lost money, many have invested, it will not forget, because the price up. Whales can manipulate and push the price down, but it will be temporary. I would recommend now the bot to buy large amounts and sell 3-5 days, see if I was right. If you buy the bot a total of 20-40 Btc. maybe more, he'll start to push the price up and will be 3 Ksat.

Ah... you are talking about the mining block subsidy halving on 3/29.

Coin supply is already 90 million though, so reduced minting will really not create a squeeze in supply. Not convinced reduced subsidy will affect the price at all.

The downside could be that a subsidy of 6.5625 CANN/block is not sufficient to make mining worthwhile, miners move on to something else and blockchain troubles ensue. Not saying that will happen, only that the subsidy issue will have to be addressed if the exchange rate for CANN does not rise.

Tips: CANN: CRAUn1GyLcqyC2dfi7F1FDjvrzmLzwApAx
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