Re: [CPT-FGC] Re: Hi
- From: Ilitirit Sama <ilitirit@xxxxxxxxx>
- To: cpt-fgc@xxxxxxxxxxxxx
- Date: Mon, 27 Jan 2014 16:41:54 +0200
The way people are doing it now are just buying tons of the "newer" crypto
coins because they are cheaper and easier to mine (pump). Then they sell
with they make a 50% return on investment (dump) and then look at other
markets. IMO something might overtake BTC soon because the supply is
running out, but that also means that the price will inevitably go up
(unless something drastic happens) until the increase supply.
On Mon, Jan 27, 2014 at 4:22 PM, Di Lhong <numotd@xxxxxxxxx> wrote:
> If only we invested in bitcoin before i went up that high...sigh...wonder
> if dogecoin will be as expensive...
>
>
> On Mon, Jan 27, 2014 at 4:21 PM, Ilitirit Sama <ilitirit@xxxxxxxxx> wrote:
>
>> It's the same type of decentralized currency (there is no central reserve
>> bank - everyone who has a crypto coin "knows" about every transaction). 1
>> BitCoin is worth about $850 now. 1 DogeCoin is worth $ 0.0016.
>>
>>
>> On Mon, Jan 27, 2014 at 4:11 PM, Di Lhong <numotd@xxxxxxxxx> wrote:
>>
>>> Is Dogecoin the same thing as Bitcoin? isn't bitcoin worth like a lot
>>> now?
>>>
>>>
>>> On Mon, Jan 27, 2014 at 4:06 PM, Ryan Williams <ryan820509@xxxxxxxxx>wrote:
>>>
>>>> *LOL* DogeCoin... I wonder what's next.
>>>>
>>>>
>>>> On Mon, Jan 27, 2014 at 3:57 PM, Ilitirit Sama <ilitirit@xxxxxxxxx>wrote:
>>>>
>>>>> If anyone's ever been interested in seeing Market Manipulation at
>>>>> work, look no further than DogeCoin
>>>>>
>>>>> Currently the 7th Crypto Currency in terms of market cap. Started out
>>>>> as a joke, gained traction through various social media channels. Caught
>>>>> the interest of shrewd investors who wanted to make a quick million or so
>>>>> via "pump and dump" schemes.
>>>>>
>>>>> Here's a chat log featuring the guy who started it instructing people
>>>>> to manipulate the market:
>>>>> http://pastebin.com/tZYvK7UD
>>>>>
>>>>>
>>>>> *tl;dr: *
>>>>>
>>>>>> 00:48 <@[-wolong-]> DOESN'T MATTER IF U BUY AT 210
>>>>>> 00:48 <@[-wolong-]> 300
>>>>>> 00:48 <@[-wolong-]> I DON'T CARE
>>>>>> 00:48 <@[-wolong-]> YOU DON'T CARE ABOUT PRICES
>>>>>> 00:48 <@[-wolong-]> WE SELL 185
>>>>>> 00:48 <@[-wolong-]> WE MOVE PRICES DOWN FAST
>>>>>> 00:48 <@[-wolong-]> WE BUY BACK
>>>>>> 00:48 <@[-wolong-]> 170
>>>>>> 00:48 <@[-wolong-]> YOU SAVED 16
>>>>>> 00:48 <@[-wolong-]> 15
>>>>>> 00:48 <@[-wolong-]> UNLESS YOU WANT TO WAIT
>>>>>> 00:48 <@[-wolong-]> HOW MANY DAYS?WEEKS? MONTHS BACK TO 210? 300?
>>>>>> 00:48 <@[-wolong-]> WE DON'T WAIT FOR MARKET TO MOVE
>>>>>> 00:48 <@[-wolong-]> WE MOVE THE MARKET
>>>>>> 00:48 <@[-wolong-]> DAMN IT
>>>>>>
>>>>>
>>>>>
>>>>> Only a handful of them will make money though. It's a Ponzi scheme.
>>>>>
>>>>>
>>>>>
>>>>
>>>
>>
>
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