I have 3200 BC that is it so no big deal for me... but I still want to help this coin reach its maximum potential.
I have been watching this coin for only 5 days and it sure as hell has been very, very exciting. But I am one of those people that don't trust anybody and will plaster here my paranoia for all to scrutinize.
1. The stakes on this Coin are HUGE.. anything is possible... I would strongly suggest that if you are a strong believer of this coin you take ALL OF YOUR COINS out of the market so no one can play with them, or borrow them, or steal them to manipulate the market. In Wall Street this is called shorting a stock and is used by big players to manipulate the market. The market manipulation can destroy the confidence and also crush a stock or in this case a coin.
2. This kind of manipulation can come from someone with lots of funds who also believes in the coin and is willing to take it to extremes. For example this coin could be dumped back down to 5 satoshi and kept there until he accumulates all of the weak holders coins. When the capitulation volume is reached then he brings the price back up and will be much richer WHALE! Now if you combine this with such factors as tiny market and an exchange not able to function with such huge volumes... you are looking at some very dangerous situations.
I hope that I am wrong about this but since crypto is not regulated like a real stock market... I think anything is possible and the risk is too high.
3. This kind of manipulation could also come from the opposite angle. Assuming again someone with big funds wants to kill this coin so that HIS coin can be the one that shines above all. Imagine the same scenario of SHORTING this tiny baby and selling the coin until panic and all psychological damage destroys the confidence while his coin rises above all.
Again I hope I am wrong but crypto is not regulated and anything can happen. Today volume and price manipulation reminded me of wall street shorting actions.
MY SUGGESTION: If you are a strong believer of this coin please remove your coins from the market and put them safely away so no one can touch them until this has matured!
I have been watching this coin for only 5 days and it sure as hell has been very, very exciting. But I am one of those people that don't trust anybody and will plaster here my paranoia for all to scrutinize.
1. The stakes on this Coin are HUGE.. anything is possible... I would strongly suggest that if you are a strong believer of this coin you take ALL OF YOUR COINS out of the market so no one can play with them, or borrow them, or steal them to manipulate the market. In Wall Street this is called shorting a stock and is used by big players to manipulate the market. The market manipulation can destroy the confidence and also crush a stock or in this case a coin.
2. This kind of manipulation can come from someone with lots of funds who also believes in the coin and is willing to take it to extremes. For example this coin could be dumped back down to 5 satoshi and kept there until he accumulates all of the weak holders coins. When the capitulation volume is reached then he brings the price back up and will be much richer WHALE! Now if you combine this with such factors as tiny market and an exchange not able to function with such huge volumes... you are looking at some very dangerous situations.
I hope that I am wrong about this but since crypto is not regulated like a real stock market... I think anything is possible and the risk is too high.
3. This kind of manipulation could also come from the opposite angle. Assuming again someone with big funds wants to kill this coin so that HIS coin can be the one that shines above all. Imagine the same scenario of SHORTING this tiny baby and selling the coin until panic and all psychological damage destroys the confidence while his coin rises above all.
Again I hope I am wrong but crypto is not regulated and anything can happen. Today volume and price manipulation reminded me of wall street shorting actions.
MY SUGGESTION: If you are a strong believer of this coin please remove your coins from the market and put them safely away so no one can touch them until this has matured!
First, you can't short cryptos directly and second, no single "whale" has enough BC to dump to take it down to 5 sat.
How do you know that you cant short cryptos? Who guarantees that fair game is being played? YOU?
I said directly. Read better.
I read correctly but who are you assure people that cryptos can not be shorted?
you can short BTC at plus500 and bitfinex
you can also go short on any trade by going long on the opposite side of the currency pair
not really.. if a whale is squeezing out weak hands then we know one things for certain.. he intends to take the price up to extremes at some point.
havent had time to catch up on the thread.. just woke up.. but if anyone hasnt said it.. im pretty sure the press release is the reason for this volatility. all the people who mined blackcoin when it was minable, who dont pay attention to this thread etc, seeeing blackcoin in the news and realizing they can cash out thousands of dollars are dumping.
so..
catch!
That is a lot of the same coins being traded repeatedly on the margins - NOT a total number of unique coins.
