This seems to be the channel in question [1].
[1] http://irc.netsplit.de/channels/details.php?net=freenode&roo...
Dogecoin market manipulation?
21–30 of 167 posts
Re: Dogecoin market manipulation?
#22I've always thought of dogecoin as the "CJ" of cryptocurrencies, and I'm still not entirely sure I'm mistaken about that.
In that context, this is a much tamer "conspiracy" than I expected.
Re: Dogecoin market manipulation?
#23The amusing/sad thing is that so many folks don't realize that only a few of the "market movers" actually profit. Those who don't have the inside inside track, will lose when those who make the call to buy and sell. The whole "we move the market" thing is accurate...but, the suckers who think they're part of moving the market are just the people giving money to "-wolong-". I have a hard time feeling sorry for people losing money in such a scheme, because they intended to take money from others...but, still, the biggest asshole in this scenario is the leader of the pump.
Re: Dogecoin market manipulation?
#24This illustrates a simple idea in economics: cartels are hard to maintain because participants will look out for their own self-interest.
Indeed, and by coincidence Izabella Kaminska published an interesting piece on why that's true with reference to cryptocurencies yesterday:
http://ftalphaville.ft.com/2014/01/24/1750472/why-its-tough-...
Re: Dogecoin market manipulation?
#25Market manipulation happens everywhere, why is this special?
Re: Dogecoin market manipulation?
#26I've always thought of dogecoin as the "CJ" of cryptocurrencies, and I'm still not entirely sure I'm mistaken about that. In that context, this is a much tamer "conspiracy" than I expected.
"always"? So for the last month and a half?
Re: Dogecoin market manipulation?
#27This seems to be the channel in question [1]. [1] http://irc.netsplit.de/channels/details.php?net=freenode&roo...
it's not #dogecoin-market, that's the public channel that they push positive messages to. They run their schemes in #marketmakers, an invite-only channel on freenode.
Re: Dogecoin market manipulation?
#28Re: Dogecoin market manipulation?
#29Anyone have a link to a tl;dr on how market manipulation like this works? It seems like crypto-currencies are ripe for for this of thing and it doesn't take much money to do it.
Presumably the hidden information you have from being part of a cabal means it's different than just changing your risk distribution like a Martingale betting strategy does.
Re: Dogecoin market manipulation?
#30The market is about buying low and selling high, or selling high and buying low. If you trade with out an edge you're a moron. I really hope no one trades actual markets believing they can 'pick' equities.
> I really hope no one trades actual markets believing they can 'pick' equities.
I do and make a lot of money doing it. It's not about picking equities per se, it's about finding good trading opportunities - every equity provides good and bad trades, depending on a multitude of factors. You can play any stock both long and short....