Who the fuck cares? It's fucking dogecoin. It's the "slot machine" of cryptocurrencies.
Penny slots at that.
Slots have the highest rake, and penny slots the highest rake of the slots.
The term fish in a barrel comes to mind.
Dogecoin market manipulation?
111–120 of 167 posts
Re: Dogecoin market manipulation?
#112Gee, I totally get somebody putting money into Bitcoin or mining Litecoin, but the rest are honest scamcoins (or at least - circuscoins). If you mine, then it's probably okay, although it still costs you real money (energy, hardware, opportunity cost, etc.), but to put money (fiat or bitcoins) into it - you need to be completely out of your mind!
People were saying the same thing about Bitcoin a year ago.
Re: Dogecoin market manipulation?
#113"Bitcoin é foda, o resto é moda." a rhyme in Portuguese which means "Bitcoin is awesome, the rest is fashion."
Re: Dogecoin market manipulation?
#114All cryptocurrencies are being manipulated.
You would be naive to believe otherwise.
(and Dogecoin is for lulz anyway!)
Re: Dogecoin market manipulation?
#115I reported this to a freenode staffer. He said they didn't appreciate this kind of activity much and that they would investigate it.
Re: Dogecoin market manipulation?
#116All cryptocurrencies are being manipulated. You would be naive to believe otherwise. (and Dogecoin is for lulz anyway!)
without wolong doge wouldn't be over 200
Re: Dogecoin market manipulation?
#117Earlier quoted context omitted.
> Do not invest anything you are not prepared to lose. Let me fix that for you: > Do not gamble anything you are not prepared to lose.
Investing always is a gamble.
Two definitions of investing by notable people:
1. From The Intelligent Investor by Benjamin Graham: "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative."
http://www.amazon.com/Intelligent-Investor-Definitive-Invest...
2. From Mr. Buffett on the Stock Market: "The definition is simple but often forgotten: investing is laying out money now to get more money back in the future -- more money in real terms, after taking inflation into account."
http://money.cnn.com/magazines/fortune/fortune_archive/1999/...
Re: Dogecoin market manipulation?
#118I'm not sure why it's on HN, but it's real. It was originally happening in the public channel #dogecoin-market on Freenode but was then moved to the private channel #marketmakers, which seems to have spurred people to start sharing it everywhere since now it's private. Wolong is the guy who brought the Dogecoin price to where it is now by investing a ton of money into it, and due to that and some charisma he's attrac…
> Bear in mind that cryptocurrencies are currently an unregulated wild west, where activities like these are both common and legal.
Ah, no, it's not legal. Regulators just don't care (yet) to enforce the rules.
Re: Dogecoin market manipulation?
#119Earlier quoted context omitted.
Investing always is a gamble.
Gambling is when the game is purely driven by luck. Investing is when the instrument has measurable properties and explanations for why it will become more valuable - i.e. you invest in making your factory larger, so it can produce product more cheaply. Betting on completely unregulated currency markets (which have good reasons that they shouldn't have any value at all) is gambling, because you're entirely depending…
So, poker isn't gambling? That's news to most of the world.
It seems pretty clear to me that gambling and investing are a continuum, with craps at one end and Treasury bonds at the other.
Re: Dogecoin market manipulation?
#120Earlier quoted context omitted.
Why are you sure this is legal (everywhere)? No it isn't regulated by the SEC, but that does not mean that it isn't fraud.
Right now the prevailing attitude is that it's legal and nobody will get prosecuted for it. It's certainly possible for this to change, but premined altcoins (creators mine a % before making it public) and other alleged scams such as Quarkcoin (Max Keiser & Bill Still) have happened repeatedly. My statement was from the angle that if you get ripped off in a situation like this, there is no recourse for you, and not l…
>Right now the prevailing attitude is that it's legal and nobody will get prosecuted for it.
Probably because that's how it appears to go in regulated markets as well.