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Dogecoin market manipulation?

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Re: Dogecoin market manipulation?

#51

Post by socillion »

XorNot wrote: post #42
gnur wrote: post #39

Earlier 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…

Some of these altcoins are the epitome of the greater fool theory, where most participants are perfectly aware that it is a rationally poor decision to invest in them but do it anyway because they think someone will buy it for more later.

It turns out people can make huge returns even from investing in known scams - certainly not guaranteed, but it's better odds than gambling.

Re: Dogecoin market manipulation?

#52

Post by Geee »

It's interesting that this could all be 'fake'. You don't actually need 'followers' to do this. If you lead the public to think that there's a massive pump/dump going on, you can make the public follow your orders. Obviously you need to discuss on public forums, or 'leak by accident'.

Re: Dogecoin market manipulation?

#53

Post by pmorici »

To bad there isn't this kind of transparency in the real supposedly regulated markets. There is manipulation there all the time only we never hear about it because it isn't being done by some guy in a public IRC channel.

Re: Dogecoin market manipulation?

#54

Post by tlrobinson »

rtpg wrote: post #49
Alex3917 wrote: post #5

Meh. The only reason the price is as low as it is currently is that A) $850,000 needs to be added to the market every single day just to keep the price stable B) Coinbase et al. literally can't convert dollars to BTC fast enough. The situation is similar to how whenever Apple releases a new iPhone, it takes literally months until there is enough supply to match the demand. While this market manipulation is blatantly…

can you explain why almost a million dollars needs to be injected into the market to keep the price stable?

That's the value of the Dogecoins being mined every day:

Blocks per day: 60 * 24 = 1440 (https://bitcointalk.org/index.php?topic=361813.0)

Current block reward: ~500,000 doge (https://bitcointalk.org/index.php?topic=361813.0)

Total block rewards per day: 1440 * 500,000 = 720,000,000 doge

Current exchange rate: 1 doge = US$0.0017 (http://dogecoin.com/)

Total block rewards in USD per day: 720,000,000 * 0.0017 = $1,224,000

Re: Dogecoin market manipulation?

#55

Post by [deleted] »

rtpg wrote: post #49
Alex3917 wrote: post #5

Meh. The only reason the price is as low as it is currently is that A) $850,000 needs to be added to the market every single day just to keep the price stable B) Coinbase et al. literally can't convert dollars to BTC fast enough. The situation is similar to how whenever Apple releases a new iPhone, it takes literally months until there is enough supply to match the demand. While this market manipulation is blatantly…

can you explain why almost a million dollars needs to be injected into the market to keep the price stable?

[deleted]

Re: Dogecoin market manipulation?

#56

Post by GrinningFool »

SwellJoe wrote: post #23

The 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…

In this case... he's also looking to build a system that will let him control multiple wallets.

The best part is that people are going to essentially hand wallets over to him to manage this, in both BTC and DOGE.

He's not going to come out behind, no matter how it goes .

Re: Dogecoin market manipulation?

#57

Post by camus2 »

fleitz wrote: post #11

The 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.

define low and high, because the "buy low sell high" mantra doesnt mean anything.

Re: Dogecoin market manipulation?

#58

Post by pmorici »

rtpg wrote: post #49
Alex3917 wrote: post #5

Meh. The only reason the price is as low as it is currently is that A) $850,000 needs to be added to the market every single day just to keep the price stable B) Coinbase et al. literally can't convert dollars to BTC fast enough. The situation is similar to how whenever Apple releases a new iPhone, it takes literally months until there is enough supply to match the demand. While this market manipulation is blatantly…

can you explain why almost a million dollars needs to be injected into the market to keep the price stable?

Because a certain number of new coins are being created each day through mining so the supply of coins is increasing and if demand doesn't increase to match it the price is going to fall. It isn't a perfect calculation because those mining could hold the coins and not sell them immediately but the fact remains that the total supply is increasing and will at some point be put into circulation.

Re: Dogecoin market manipulation?

#59

Post by judk »

fleitz wrote: post #13
Alex3917 wrote: post #5

Meh. The only reason the price is as low as it is currently is that A) $850,000 needs to be added to the market every single day just to keep the price stable B) Coinbase et al. literally can't convert dollars to BTC fast enough. The situation is similar to how whenever Apple releases a new iPhone, it takes literally months until there is enough supply to match the demand. While this market manipulation is blatantly…

People are free to coordinate their trades as private players on the market. While it may be illegal I see nothing unethical about it. The entire point of the fucking market is to amass enough capital that you're not 'picking' stocks, if you're trading without an edge I really don't know what to tell you.

Welcome to EVE offline!
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