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YAdaminer
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September 01, 2015, 08:09:49 PM |
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Maybe it's just common manipulation but there is some serious trading opposition to VNL on Polinex. Within a minute or two of any rise someone dumps prematurely. This isn't just taking profits or bag holders this is a serious effort to keep the rice down. Why? Maybe just to accumulate more but it could be more sinister, even interests like ETH wanting to kill competition? All I know is it's definitely there and people should take advantage of it and buy the crap out of the dumps. we need to get on another exchange with decent vol. The people selling had to buy before. I believe this is somewhat day-trading. This is good for the coins since it provide liquidity. VNL has rather good liquidity for a while, which is good for the coin (18th in trading volume in coinmarketcap for today, and it has done far better at times). Bullshit is that day trading. Day traders when they see a coin can easily move up they don't dump instantly on a rise. Ive never seen such aggressive dumping on a coin. The only reason you do that is to keep the price down, why? that's open for debate....simple accumulation by a whale is of course the most likeliest. The reasonably decent vol validates my point, no coin real low in marketcap is constant in the top 10 on polinex vol like VNL is. The price is static but coins are definetly being bought at a reasonable pace. Annoying as it is....this is only a good sign, keep buying if someone or group wants to play this game. When price starts to move up manipulator instantly make massive dump to his own buy orders and move buy support little lower in hope that with massive dump he will provoke panic sales. The thing is almost noone falls for that, and I can say that some of those guys could lose their sell wals because you cant hold this kind of coin on low level to long. Acummulation is one thing but this becomes vicious, and anyone saying this is healthy is on the same agenda as those manipulators. |
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Riseman
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September 01, 2015, 08:21:06 PM |
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Or probably these are big holders/miners selling little by little as soon as any substantial support appears. They don't want the price to fall too fast because they want to sell their coins at maximum price possible.
I think it would be insane for any pumper to make a move now when so many people want to sell at 100-200K.
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YAdaminer
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September 01, 2015, 08:33:28 PM |
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Or probably these are big holders/miners selling little by little as soon as any substantial support appears. They don't want the price to fall too fast because they want to sell their coins at maximum price possible.
I think it would be insane for any pumper to make a move now when so many people want to sell at 100-200K.
The ones who really want to sell will put many smaller sell orders and over week or two he could sell substantial amount without hurting the market. This what you are saying is not what is happening here, definetly not... or sellers are realy stupid which I highly doubt. |
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nextgencoin
Legendary
 Offline
Activity: 1106
Merit: 1000
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September 01, 2015, 09:46:36 PM |
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Maybe it's just common manipulation but there is some serious trading opposition to VNL on Polinex. Within a minute or two of any rise someone dumps prematurely. This isn't just taking profits or bag holders this is a serious effort to keep the rice down. Why? Maybe just to accumulate more but it could be more sinister, even interests like ETH wanting to kill competition? All I know is it's definitely there and people should take advantage of it and buy the crap out of the dumps. we need to get on another exchange with decent vol. The people selling had to buy before. I believe this is somewhat day-trading. This is good for the coins since it provide liquidity. VNL has rather good liquidity for a while, which is good for the coin (18th in trading volume in coinmarketcap for today, and it has done far better at times). Bullshit is that day trading. Day traders when they see a coin can easily move up they don't dump instantly on a rise. Ive never seen such aggressive dumping on a coin. The only reason you do that is to keep the price down, why? that's open for debate....simple accumulation by a whale is of course the most likeliest. The reasonably decent vol validates my point, no coin real low in marketcap is constant in the top 10 on polinex vol like VNL is. The price is static but coins are definetly being bought at a reasonable pace. Annoying as it is....this is only a good sign, keep buying if someone or group wants to play this game. When price starts to move up manipulator instantly make massive dump to his own buy orders and move buy support little lower in hope that with massive dump he will provoke panic sales. The thing is almost noone falls for that, and I can say that some of those guys could lose their sell wals because you cant hold this kind of coin on low level to long. Acummulation is one thing but this becomes vicious, and anyone saying this is healthy is on the same agenda as those manipulators. Well I hope you didn't think my comments made it seem like ai thought it was healthy. I'm just saying if this is the situation then capitalise on it. A plus if anyone is that desperate to hold the price down then they must see VNL as either a threat or want to accumulate cheap....this is still I think a good sign. I absolutely dont think it's healthy though which is why some posts back I suggested that the community pushs through these levels and buys...ie calling the manipulators bluff. |
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Za1n
Legendary
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Activity: 1078
Merit: 1011
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September 01, 2015, 09:48:41 PM |
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Or probably these are big holders/miners selling little by little as soon as any substantial support appears. They don't want the price to fall too fast because they want to sell their coins at maximum price possible.
I think it would be insane for any pumper to make a move now when so many people want to sell at 100-200K.
The ones who really want to sell will put many smaller sell orders and over week or two he could sell substantial amount without hurting the market. This what you are saying is not what is happening here, definetly not... or sellers are realy stupid which I highly doubt. It very well could be miners. Not everyone who mines holds the all the coins they mine long term. If you are larger miner you may need to sell some amount on a regular basis to cover your expenses, mainly electrical costs. So even if you do mine and hold, you may need to sell 60-75% on a regular basis to offset mining costs. I have a few miners going at my house 24/7 and they add approximately $200/mo to my electric bill. I will sell approximately 1 BTC's worth at current rates each month, usually trying to spread it out to hit higher prices, just to offset my electricity costs. I still end up with a decent amount to hold onto longer term, without having to risk as much. |
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nextgencoin
Legendary
Offline
Activity: 1106
Merit: 1000
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September 01, 2015, 09:51:42 PM |
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Or probably these are big holders/miners selling little by little as soon as any substantial support appears. They don't want the price to fall too fast because they want to sell their coins at maximum price possible.
I think it would be insane for any pumper to make a move now when so many people want to sell at 100-200K.
The ones who really want to sell will put many smaller sell orders and over week or two he could sell substantial amount without hurting the market. This what you are saying is not what is happening here, definetly not... or sellers are realy stupid which I highly doubt. It very well could be miners. Not everyone who mines holds the all the coins they mine long term. If you are larger miner you may need to sell some amount on a regular basis to cover your expenses, mainly electrical costs. So even if you do mine and hold, you may need to sell 60-75% on a regular basis to offset mining costs. I have a few miners going at my house 24/7 and they add approximately $200/mo to my electric bill. I will sell approximately 1 BTC's worth at current rates each month, usually trying to spread it out to hit higher prices, just to offset my electricity costs. I still end up with a decent amount to hold onto longer term, without having to risk as much. Not impossible, and some miners really do just dump everything without much trading thought. But this is too stupid. Within a few minutes of a rise the dump comes, VNL looked like rising quite a bit but the setiment is cut down with an axe by these little instant dumps. |
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Gleason
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September 01, 2015, 10:06:49 PM |
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Its probably miners, mostly Idcray maybe?!
They still have more than half the network hash. Figure with 86400 seconds in a day, and figure blocks at around 200 seconds each roughly, would put around 31000 coins a day from mining. Idcray gets probably around 15-20k coins a day from their mining hashpower. Thats around 5-7btc everyday they dump on top of anyone else mining that dumps ( another 5-6btc ), and any other portion of their stash that Idcray wants to dump. With low volume days around 20-30btc it will keep price down abit.
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Za1n
Legendary
Offline
Activity: 1078
Merit: 1011
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September 01, 2015, 10:13:19 PM |
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Or probably these are big holders/miners selling little by little as soon as any substantial support appears. They don't want the price to fall too fast because they want to sell their coins at maximum price possible.
I think it would be insane for any pumper to make a move now when so many people want to sell at 100-200K.
The ones who really want to sell will put many smaller sell orders and over week or two he could sell substantial amount without hurting the market. This what you are saying is not what is happening here, definetly not... or sellers are realy stupid which I highly doubt. It very well could be miners. Not everyone who mines holds the all the coins they mine long term. If you are larger miner you may need to sell some amount on a regular basis to cover your expenses, mainly electrical costs. So even if you do mine and hold, you may need to sell 60-75% on a regular basis to offset mining costs. I have a few miners going at my house 24/7 and they add approximately $200/mo to my electric bill. I will sell approximately 1 BTC's worth at current rates each month, usually trying to spread it out to hit higher prices, just to offset my electricity costs. I still end up with a decent amount to hold onto longer term, without having to risk as much. Not impossible, and some miners really do just dump everything without much trading thought. But this is too stupid. Within a few minutes of a rise the dump comes, VNL looked like rising quite a bit but the setiment is cut down with an axe by these little instant dumps. I should clarify, I do not think every sell is a miner, there is a bot on Polo at work all the time too. I just mean a good amount of fresh coins comes into existence each day that will amplify the selling pressure already in play. Once the block reward gets cut a few more times, these effects should lessen, but for now I believe it is multiple factors causing the mini dumps. One of which is of course miners looking to recoup some of their operating expenses. |
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john-connor
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September 02, 2015, 12:27:11 AM |
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When I go to the waffle store and they are on sale I buy more waffles than originally intended. The problem is the waffles aren't always on sale due to decreased waffle production which causes the price to rise.  Thank you for your support. |
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heartastack
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September 02, 2015, 12:45:46 AM |
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When I go to the waffle store and they are on sale I buy more waffles than originally intended. The problem is the waffles aren't always on sale due to decreased waffle production which causes the price to rise. Thank you for your support. JC IN DA HOUUUUUSEEE |
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Nthused
Legendary
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Activity: 1554
Merit: 1001
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September 02, 2015, 01:39:54 AM |
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When I go to the waffle store and they are on sale I buy more waffles than originally intended. The problem is the waffles aren't always on sale due to decreased waffle production which causes the price to rise. Thank you for your support. But usually those waffles are stale or not as fresh  |
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nextgencoin
Legendary
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Activity: 1106
Merit: 1000
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September 02, 2015, 04:02:26 AM |
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Obviously John is talking about block halving. Will it be this week?
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EmperorBaburr
Member
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Activity: 70
Merit: 10
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September 02, 2015, 04:37:15 AM |
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wish vanilla would make a move already i know its going to be huge just have to wait it out  |
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heartastack
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September 02, 2015, 06:05:15 AM
Last edit: September 02, 2015, 06:15:28 AM by heartastack |
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Wallet #5 (bittrex) unloaded today. Managed to not dump down either. Congrats on the clean exit.
nice - still in redistrubtion / impatience phase.
Seems to me the price is still led by bittrex. Polo is just bot trading and some impulse buys.
I will keep watching bittrex. If I see a fat wallet pop up then unload this would support the miner dump theory. So far I've seen it 3 times in about a month so it's not that regular and could still be early adopters exiting.
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nextgencoin
Legendary
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Activity: 1106
Merit: 1000
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September 02, 2015, 06:59:55 AM |
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Wallet #5 (bittrex) unloaded today. Managed to not dump down either. Congrats on the clean exit.
nice - still in redistrubtion / impatience phase.
Seems to me the price is still led by bittrex. Polo is just bot trading and some impulse buys.
I will keep watching bittrex. If I see a fat wallet pop up then unload this would support the miner dump theory. So far I've seen it 3 times in about a month so it's not that regular and could still be early adopters exiting.
How do you figure that? Polinex has 3x the vol. |
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EmilioMann
Legendary
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Activity: 2184
Merit: 1028
#mitandopelomundo
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September 02, 2015, 09:33:57 AM |
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even with the reduction of the block reward I still think that the number of coins created per day is very high.
The dump will be greater after the FPGAs are widely used.
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haggis
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September 02, 2015, 10:16:02 AM |
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even with the reduction of the block reward I still think that the number of coins created per day is very high.
The dump will be greater after the FPGAs are widely used.
Why should the "dump" be higher? Even if billion of FPGAs are used, the total amount of mined coins will be constant and decreased with each block reward reduction. |
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dygus
Legendary
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Activity: 1193
Merit: 1000
Peaky Blinder
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September 02, 2015, 01:29:12 PM |
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even with the reduction of the block reward I still think that the number of coins created per day is very high.
The dump will be greater after the FPGAs are widely used.
Why should the "dump" be higher? Even if billion of FPGAs are used, the total amount of mined coins will be constant and decreased with each block reward reduction. Yes, but electricity costs will be much lower with FPGA than GPU, so miners will be more willing to dump |
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bitcoin carpenter
Legendary
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Activity: 1582
Merit: 1001
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September 02, 2015, 02:38:23 PM |
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even with the reduction of the block reward I still think that the number of coins created per day is very high.
The dump will be greater after the FPGAs are widely used.
Why should the "dump" be higher? Even if billion of FPGAs are used, the total amount of mined coins will be constant and decreased with each block reward reduction. Yes, but electricity costs will be much lower with FPGA than GPU, so miners will be more willing to dump But the ones who are just selling to recoupe energy costs will sell less. As it is volume seems large enough to hold the price at 30kish+- 5k As the community grows so to will the price. We won't moon shot hntil people start to use vnl outside of speculation. |
If your not actively using the technology behind your crypto investment,
IT IS A SCAM!!!!
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haggis
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September 02, 2015, 04:05:51 PM |
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even with the reduction of the block reward I still think that the number of coins created per day is very high.
The dump will be greater after the FPGAs are widely used.
Why should the "dump" be higher? Even if billion of FPGAs are used, the total amount of mined coins will be constant and decreased with each block reward reduction. Yes, but electricity costs will be much lower with FPGA than GPU, so miners will be more willing to dump The cheaper the VNL mining costs the more miners will mine VNL. At the end nothing changes and the earned VNL per Watt will stay the same  |
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