Topic: [ANN] SilkCoin | New Wallet | NOW on MintPal / Cryptsy | FULL POS - page 119. (Read 332114 times)

These tactics would be happenning with alot of coins, so i wouldnt be worried too much.

That depends on many factors. Whale manipulation is truly the main factor that moves prices.
Most traders just buy low and wait for the price to go up. If everyone is doing that, the price is never going to move by itself.

The thing is that the market is saturated with too many alt coins and not enough investors to hold the price up. That's why most price graphs end up like blackcoin, but you can still expect the price to be higher than where it started simply because people who bought the majority of the supply at a high price are unlikely to sell at a loss, except out of fear or something actually wrong with the coin.

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?

Very clever tactics.
I hold about 260K of SC and i almost risked selling them in the weekend when it spiked, but i didnt want to risk the price going back up when i was asleep!
I could have doubled my stake.
But at the end of the day i think its better if more people have fewer coins if the price is to go higher, so im just glad i kept them.
Murphys law always seems to apply here!

(pm me for the link)

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, knowing that i'll just get that 4 btc back at a lower price. (I don't even have to clear the wall myself, i could scare others into clearing it for me)
 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 by 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 buy walls up for a week unless they had over 100 btc to play with? Their money would be better spent investing in another coin, but it's because they have so many BTC they can afford to do this. In other words, they are supporting this price range and would not let it drop below 3k or they would lose money.

All you really have to do is take a look at this depth chart and ask yourself why the fuck are you selling? https://cryptrader.com/charts/mintpal/sc/btc

I'd be fine with the previous videos...

yea, i could teach an entire course on price manipulation. I've recorded quite a few videos for this purpose.

Anyway, the 30 btc that got bought up in the spike up to 4500 has nearly been dumped in the last 12 hrs so I don't expect this to go down much lower. I don't have time to sit around all day to push the price down so I'm gonna get what I can at the bid then lift the sell orders to show you what happens.

fuck. someone put up a wall lol so no cheap coins =\. well I recorded what I can to give you an idea of the impact of manipulation. uploading in a few min

As someone who would like to learn and believes that this coin has very potential, I would be interested in watching that video.

Thank you.

ok, since the price is coming back down again I'm gonna push the price down as far as it can go and buy some more. I will record this and upload the video to show the panic sellers what idiots they are

Thanks man! I will make a review about my forecast in volume 2 and then we see how it worked out. Like I wrote its just my opinion of the week.

How are they fake? If I wanted to buy at 5k I would get it, but it would be dumb, so why is it fake?

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.

Silkcoin has been added to our exchange!

It can be found here: https://www.rapidcx.com/exchange/silkcoin

Happy Trading!
Jordon Norris
Support Technician
Rapid CX

If you "really" believe in SC, you will just buy into those walls on the other side.

Evening everyone  

To any of you watching the markets, there's some strong buy support building up on the exchanges, it could indicate a rally to establish a new support floor in the 4K region.

Hitler won't be pleased if it's gone.

Every single time I try to put a buy order on Mintpal people keep outbidding me ;p

Friday will be too late ...

Judge Crypto

bittrex has some ai functions now, nothing like bot though..

Interesting, I'll read "cryptotalk-vol-2" when it comes out (after seeing how your forecast goes )
Thx

No doubt. I am doing the same.