Re: [CPT-FGC] Re: Hi
- From: Ilitirit Sama <ilitirit@xxxxxxxxx>
- To: cpt-fgc@xxxxxxxxxxxxx
- Date: Mon, 27 Jan 2014 16:49:49 +0200
It does work that way though. But only for a savvy/lucky few. If it
didn't work, these bubbles would not occur.
On Mon, Jan 27, 2014 at 4:48 PM, G B <sigma.g19@xxxxxxxxx> wrote:
> Everybody will probably jump the bandwagon now... but it doesn't work that
> way. Lol, these types of situations are what speculative bubbles are made
> of. Really hope people have learned from 2000/2008.
> On 27 Jan 2014 16:22, "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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