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Author Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source  (Read 414482 times)
etang6000
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September 15, 2016, 10:31:22 PM
 #2081

Capitulation is GOOD guys! Think about it from the market makers perspective.

Assume you are the MM, do you want me to make money?

No, because when I make money that is profit that you, the MM, didn't get and the whole purpose of being an MM is to maximize profit. Therefore, you need to manipulate the market into conditions that will fuck with the other traders mind to make them want to dump their bags and an MM can accomplish this in two ways. One way is to wait. Wait for a long time and over that course of time weaker hands will drop out. The other choice is to manipulate the market, which is what I believe we are seeing right now. However Vert is in a special spot right now because we are still hovering around the ATL. The MM knows he cant shake us out by bring the price down because most of us got in at a price that if he brought it to 1 sat then we would still hold.

So, if the MM cant bring the price lower how can he get more coins? Well what they are doing now is propping up price a little bit and trying to force you into taking a small profit as opposed to sticking in for the big run. A half ass-ed pump is the only way he can get us to capitulate out of frustration with VTC. This is why we are seeing this price action this past week IMO.

The big run feels like it is right around the corner and I hope we can all outlast this MM and celebrate at 200k  Grin

True, but consider another option too:

New money, coming from recent profits from other coins, or coming from outside crypto, is entering VTC in a hurry, by market buying large orders. The MM, who doesn't want to pump yet, is trying by all means to keep the price low, expecting people to join in other pumps and sell their VTC.

What will happen is that if this new money keeps coming, the MM will be "forced" to pump or at least stop selling, cause if not he will lose his power at actual prices, and I'm sure he doesn't want that. Grin

I'm saying this cause in the last two weeks, I've bought 114.5 BTC in VTC, and I'm seeing that MM is getting nervous, cause I'm not the only one who's buying VTC in a large way. Wink Wink

This is also very true. I didn't consider the fact that MM might be running multiple markets, and pumping other coins is another great way to try and shake out folks, especially the new money.
After researching ETH some more , they're going POS sometime soon , so that mining power is going to have to go somewhere


May I ask what yourr are insinuating? Are you expecting that mining power to move to vert?
Not necessarily all of it , but it would be nice . Used GPU's don't bring in big bucks and it hasn't been long enough for a lot of people to ROI
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September 16, 2016, 06:26:45 AM
 #2082

What do you mean by "Everything gets clearer when you think about weeks, and not days or hours." regarding VTC ?
I see only a fall https://poloniex.com/exchange#btc_vtc

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September 16, 2016, 07:47:06 AM
 #2083

Maybe he's trying to pump it so he can sell his position.
coninn
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September 16, 2016, 03:33:08 PM
 #2084

Maybe he's trying to pump it so he can sell his position.

The important thing is that vert is alive, and it is nice to see people talking about vert. Silence is not god. Wink
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September 16, 2016, 03:45:18 PM
 #2085

What do you mean by "Everything gets clearer when you think about weeks, and not days or hours." regarding VTC ?
I see only a fall https://poloniex.com/exchange#btc_vtc


Nothing just keeps on going up. Every market grows in "legs" or periods of time when the market goes up, then comes back down to consolidate and find the new support. This is a 50% retrace which is mostly regarded as healthy after a leg up.



When he says think about weeks not days, I believe he is just saying have patience. Look at this 1W chart of VTC. The market structure is very similar to the market structure right before a big rise. If anything, take from this that VTC is boring until it isn't, and its been boring for a while.



Maybe he's trying to pump it so he can sell his position.

No point, there no profit yet.
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September 16, 2016, 03:51:53 PM
 #2086

Or maybe this was the last exit pump, I would say its smarter to sell when everyone is so bullish
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September 16, 2016, 03:54:39 PM
 #2087

Or maybe this was the last exit pump, I would say its smarter to sell when everyone is so bullish
You think the MM is nuts? Accumulation period that has taken ages and now pump to 9k and then dump? Cmon use the goddamn brains
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September 16, 2016, 03:57:14 PM
 #2088

Or maybe this was the last exit pump, I would say its smarter to sell when everyone is so bullish

Sound advice, but everyone isn't bullish. You're here and you constantly make the bear arguement, although with out any charts/general rational, very frequently.
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September 16, 2016, 04:13:12 PM
 #2089

Or maybe this was the last exit pump, I would say its smarter to sell when everyone is so bullish


Exit pump? Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin

Do you even know how an exit pump looks like? Watch the NAUT chart and learn, THAT is an exit pump.

Your ignorance annoys me flyes.

REALLY, JUST LEAVE YOUR VTC IN YOUR WALLET AS IT WAS A BANK DEPOSIT, DO OTHER THINGS, AND COME BACK IN SOME MONTHS. YOU'LL GET MINIMUM A +500% AND YOU WON'T HAVE TO DO A SHIT!!!

IT'S SO DIFFICULT TO DO THAT?¿?¿? Huh Grin
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September 16, 2016, 04:21:19 PM
 #2090

A lot of people are angry....

Sorry Guys I stopped that pump   Grin
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September 16, 2016, 05:15:00 PM
 #2091

A lot of people are angry....

Sorry Guys I stopped that pump   Grin

That is the Guy, get him ... hehehe Wink
etang6000
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September 16, 2016, 10:51:26 PM
 #2092

A lot of people are angry....

Sorry Guys I stopped that pump   Grin

That is the Guy, get him ... hehehe Wink
Get the pitch forks !
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September 17, 2016, 11:27:14 AM
 #2093

Wow - VultureFund looks like really angry investor Wink

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September 17, 2016, 05:57:46 PM
 #2094

Apparently a lot of people are only after the quick buck.

I can't say I am not disappointed, however I kinda feel good about it.

My bag is still growing btw Wink


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MightSellIt
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September 18, 2016, 09:14:39 AM
 #2095

Told ya pump is over
antho281
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September 18, 2016, 12:43:51 PM
 #2096



CoinQuarry : New Pool for Vertcoin
A new mining pool has been added to CoinQuarry!
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Thanks a lot!

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MINEUM Project

griffen1102
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September 18, 2016, 04:29:02 PM
 #2097

Told ya pump is over

he's right, dump it boys. Roll Eyes
p1erce
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September 18, 2016, 04:41:46 PM
 #2098

Told ya pump is over

ok, dump it, I'll pick up some more

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coninn
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September 18, 2016, 06:54:12 PM
 #2099

Told ya pump is over

ok, dump it, I'll pick up some more


I'm doing it already Wink
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September 18, 2016, 07:20:04 PM
 #2100

I have time, price must go up  Smiley
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