Re: [CPT-FGC] Re: Hi
- From: Ilitirit Sama <ilitirit@xxxxxxxxx>
- To: cpt-fgc@xxxxxxxxxxxxx
- Date: Mon, 27 Jan 2014 16:21:30 +0200
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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