[ANN] SilkCoin | New Wallet | NOW on MintPal / Cryptsy | FULL POS - page 118.

spartanrules

sr. member

Activity: 700

Merit: 250

Quote from: spartanrules on June 18, 2014, 08:11:52 AM

Was looking at doing pay out for Silkcoin on Hash cows though am I better to accumulate others coins, sell on the exchange then maybe buy Silkcoin with it.
Can't work out the difference between the two. Undecided

Any thoughts welcome.

Thanks.

#
Anyone care to answer my question is this lovely community.

bep42

hero member

Activity: 910

Merit: 500

You are fed up of spend 0.25% fees on each trade on Bittrex? Or 0.20% on Poloniex?
Join us now on Kingcoiny and trade your SC for only 0.15% fees as Mintpal does right now!

https://www.kingcoiny.com/index.php?page=trade&market=SC

See you soon on Kingcoiny !

Ben
CEO Cryptocoiny Limited
Kingcoiny is a trademark of Cryptocoiny Limited.

BNK3RED

newbie

Activity: 40

Merit: 0

Quote from: BadAss.Sx on June 19, 2014, 01:54:30 AM

https://www.badass.sx/silkcoin-new-coin-defeat-bitcoin/

Wrote an article about SC.

Nice write up buddy Grin

..Welcome to the Team

BadAss.Sx

legendary

Activity: 1526

Merit: 1002

Bulletproof VPS/VPN/Email @ BadAss.Sx

https://www.badass.sx/silkcoin-new-coin-defeat-bitcoin/

Wrote an article about SC.

judgecrypto

full member

Activity: 238

Merit: 100

reflector

sr. member

Activity: 826

Merit: 263

Quote from: Bitcoinasourus on June 18, 2014, 11:08:06 PM

So this is a strange one.

The coins I had in my wallet being staked are not there anymore. Not in my balance or my stake'd total?

try doing 'repairwallet'

BNK3RED

newbie

Activity: 40

Merit: 0

Quote from: Bitcoinasourus on June 18, 2014, 11:08:06 PM

So this is a strange one.

The coins I had in my wallet being staked are not there anymore. Not in my balance or my stake'd total?

Strange one.. Gotta backup of it??

Bitcoinasourus

member

Activity: 98

Merit: 10

So this is a strange one.

The coins I had in my wallet being staked are not there anymore. Not in my balance or my stake'd total?

declensions

full member

Activity: 224

Merit: 100

it wouldn't matter, because the price is dictated by the exchange with the largest volume / most users (usually mintpal)

ymod123

sr. member

Activity: 432

Merit: 250

Quote from: ifxist on June 18, 2014, 09:37:19 PM

Quote from: Soul_eater_123 on June 18, 2014, 05:06:32 PM

Quote from: sntry on June 18, 2014, 04:38:22 PM

Quote from: declensions on June 18, 2014, 04:25:30 PM

Watch what the order book looks like after I remove all my sells.
Dirty, right? That's just one of many tricks whales use.

If i had all day i would sell into that 4 btc wall until it gets cleared out and push it even lower.
I wouldn't lose any money because my average price is much lower than this. However, I know there is very little supply below 4k at this point so I am not going to give up my coins cheap and risk having to buy them back higher. You saw what happened after it hit 3400 yesterday, it immediately bounced to 4000. I did that doing what I just showed in the video.

Also, at this point I would only be benefiting the other whales who have 40+ btc in buy orders spread out below 3500. Think about it logically, who else would leave 10 btc walls up for a week unless they had over 100 btc to play with? In other words, they are supporting this price range and would not let it drop below 3k or they would lose money.

dang that is crazy.

Just wondering, what does this kind of market manipulation mean for SC's future, presumably you'd want to get the price back up prior to dumping everything right?

It's the same for all altcoins. The money supply for alts=BTC supply which is tiny compared to the fiat money supply. Until altcoins can be traded without BTC (i.e. directly in and out of fiat) this problem will continue, whales will find it easy to manipulate the markets and generally any one coin's gain will be another's loss. If the direct fiat trade issue could be solved whales will start to lose their power significantly.

Can't we just purchase alt-coins directly from fiat at https://www.vaultofsatoshi.com/ without BTC?

your right I think we can buy it there with fiat

ifxist

member

Activity: 74

Merit: 10

Quote from: Soul_eater_123 on June 18, 2014, 05:06:32 PM

Quote from: sntry on June 18, 2014, 04:38:22 PM

Quote from: declensions on June 18, 2014, 04:25:30 PM

Watch what the order book looks like after I remove all my sells.
Dirty, right? That's just one of many tricks whales use.

If i had all day i would sell into that 4 btc wall until it gets cleared out and push it even lower.
I wouldn't lose any money because my average price is much lower than this. However, I know there is very little supply below 4k at this point so I am not going to give up my coins cheap and risk having to buy them back higher. You saw what happened after it hit 3400 yesterday, it immediately bounced to 4000. I did that doing what I just showed in the video.

Also, at this point I would only be benefiting the other whales who have 40+ btc in buy orders spread out below 3500. Think about it logically, who else would leave 10 btc walls up for a week unless they had over 100 btc to play with? In other words, they are supporting this price range and would not let it drop below 3k or they would lose money.

dang that is crazy.

Just wondering, what does this kind of market manipulation mean for SC's future, presumably you'd want to get the price back up prior to dumping everything right?

It's the same for all altcoins. The money supply for alts=BTC supply which is tiny compared to the fiat money supply. Until altcoins can be traded without BTC (i.e. directly in and out of fiat) this problem will continue, whales will find it easy to manipulate the markets and generally any one coin's gain will be another's loss. If the direct fiat trade issue could be solved whales will start to lose their power significantly.

Can't we just purchase alt-coins directly from fiat at https://www.vaultofsatoshi.com/ without BTC?

Grifftech2k4

full member

Activity: 210

Merit: 100

Quote from: BadAss.Sx on June 18, 2014, 05:49:52 PM

https://www.badass.sx is now accepting SC for your orders

Can't get your site to load, just sits there saying connecting then timesout

nm, working now. Cool site and services!!

blade87

hero member

Activity: 644

Merit: 500

If the SC wallet comes with a trading bot in the future, will we be able to code and implement our own? The wallet acting as a "bot trading client" could be a very nice development. You could even make a library of simple functions like buy(market, amount, timeout) and etc so others without much coding knowledge could try and make their own. I'd love to try to "code myself" against others and see how my own trading bot could go. And a market for trading scripts could develop around this.

Wulfcastle

hero member

Activity: 546

Merit: 500

Quote from: BadAss.Sx on June 18, 2014, 05:49:52 PM

https://www.badass.sx is now accepting SC for your orders

Nice, we'll add that to the OP

BadAss.Sx

legendary

Activity: 1526

Merit: 1002

Bulletproof VPS/VPN/Email @ BadAss.Sx

https://www.badass.sx is now accepting SC for your orders

declensions

full member

Activity: 224

Merit: 100

^ very true

Soul_eater_123

legendary

Activity: 952

Merit: 1000

Quote from: sntry on June 18, 2014, 04:38:22 PM

Quote from: declensions on June 18, 2014, 04:25:30 PM

Watch what the order book looks like after I remove all my sells.
Dirty, right? That's just one of many tricks whales use.

If i had all day i would sell into that 4 btc wall until it gets cleared out and push it even lower.
I wouldn't lose any money because my average price is much lower than this. However, I know there is very little supply below 4k at this point so I am not going to give up my coins cheap and risk having to buy them back higher. You saw what happened after it hit 3400 yesterday, it immediately bounced to 4000. I did that doing what I just showed in the video.

Also, at this point I would only be benefiting the other whales who have 40+ btc in buy orders spread out below 3500. Think about it logically, who else would leave 10 btc walls up for a week unless they had over 100 btc to play with? In other words, they are supporting this price range and would not let it drop below 3k or they would lose money.

dang that is crazy.

Just wondering, what does this kind of market manipulation mean for SC's future, presumably you'd want to get the price back up prior to dumping everything right?

It's the same for all altcoins. The money supply for alts=BTC supply which is tiny compared to the fiat money supply. Until altcoins can be traded without BTC (i.e. directly in and out of fiat) this problem will continue, whales will find it easy to manipulate the markets and generally any one coin's gain will be another's loss. If the direct fiat trade issue could be solved whales will start to lose their power significantly.

Soul_eater_123

legendary

Activity: 952

Merit: 1000

Quote from: declensions on June 18, 2014, 02:15:39 PM

i suggest putting some large walls up to protect your investment or to get more at this price, and not selling until this weekend. Someone is trying to push the price down back into 3500 and 3300. All of the sell orders up to 5000 are mostly fake, especially the ones under 4000. They will be cancelled once the whale gets what they want.
I know because I was the one doing it the last few days

.

but now I have enough coins and i dont want anyone to get them cheaper so I'm telling you all this. Don't sell your SC to chase cryptcoin or whatever, you will regret it.

Cryptcoins going to be going down anyway. Best to wait until the weekend before doing anything - unless you are buying - always nice to hurt the whales by buying up their fake sales:)

Soul_eater_123

legendary

Activity: 952

Merit: 1000

Quote from: tequillaquagga on June 18, 2014, 10:39:07 AM

Hi all. I have some Coins Spendable some Staking.
How move all my coins to Stake? Or I should wait?

Wait until Saturday.

BadAss.Sx

legendary

Activity: 1526

Merit: 1002

Bulletproof VPS/VPN/Email @ BadAss.Sx

We will see what happens...if they open up a market where you only can pay with SC (i hope), the price would go up eventually. It is not just trading anymore..it is exploring the blockchain for more features related to SC. They made a good start with their eco system, but i hope for the market which is going to be mindblowing if i think about it. But the main thing should be that you only can pay with SC. BTC is fine, but automatically converted to SC.

Topic: [ANN] SilkCoin | New Wallet | NOW on MintPal / Cryptsy | FULL POS - page 118. (Read 332114 times)