Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4297. (Read 9723748 times)

Nice! Just bought my second MN 

fundamentals are rock solid

not panicking even if we drop below 0.001 - they can try and dump as much as they want....we are the only legit altcoin.

So sad reading all the "Hero Members" trolling in this open thread.

So easy to beat the dead horse. You are scum

Get a life.

So sad reading all the "Hero Members" trolling in this open thread.

So easy to beat the dead horse. You are scum

Get a life.

I didn't think of hacked coins, good one...

So my top 3 reasons for this manipulation:

• A very high net worth individual or organisation mitigating future currency risk
• Banksters putting crypto in it's place after a working Anon solution
• Hacked coins for the lulz

Personally I think BC is pumped as a laundry for hacked BTCs.

Cryptsy top 9 volume:

BC/BTC    BlackCoin    5558 BTC   
DOGE/BTC    Dogecoin    713 BTC   
LTC/BTC    LiteCoin    417 BTC   
ZET/BTC    ZetaCoin    312 BTC
VTC/BTC    VertCoin    118 BTC   
AUR/BTC    AuroraCoin    106 BTC   
ZEIT/LTC    ZeitCoin    45 BTC
DRK/BTC    DarkCoin    41.4 BTC
NXT/BTC    Nxt    36.3 BTC

Yeah, sure 5558 BTC, >10 times the BTC/LTC volume. Ok. Someone had a couple thousands BTCs around and said yeah let's throw them on blackcoin...

My guess is that most of these BTCs of the last few days (let's call him primary buyer) are probably "problematic" to cash out for the "owner" and is thus pumping or even trying to buy an altcoin... but not any altcoin: BC which is also prone to 51% monopoly advantage for the owner (!) - lol. But it would be somewhat irrational if the 51% controller undermined the network as he would lose himself through a blow to the currency's reliability. Unless he doesn't care.

The buying pattern is irrational with no serious periods of adjustments to buy back more for cheaper by panicking "oh it's gonna fall soon" guys...  and I kind of remember our own pump to 0.008 that exhibited similar irrational behavior, and it had ...330 stolen BTCs. You just don't spend thousands of BTCs like no tomorrow if you've earned them with mining, trading, investing etc or if you bought them with fiat, knowing full well that you are creating a bubble that you will be unable to dump to other parties. It's a sure loss (unless you know the future and it's ...BLACK )

DRK has someone that that I call the "primary buyer". I estimate it's someone with vast BTC resources - probably 100k-500k BTCs or so. I don't know if these BTCs are legit or hacked, but he can spend them like no tomorrow. This guy has bought millions in DRKs. This same buyer (as I can see from his buying patterns) has also gone to diversify himself in XC, Vericoin and other "pumps & dumps"... however the money he used for Moneros is tiny compared to all other coins. I believe he was more actively engaged in the first run up to 0.007-8.

If pumping & dumping was his sole purpose in engaging with all these coins, it only makes sense that he would be better served pumping a coin which he can then "sell" to others based on its superior properties. Otherwise how can he dump without crashing the market and everyone running away from the "crapcoin"? He would need adequate hype that the coin is "solid" rather than crappy. So, Monero, in this regard, given what everyone is saying, should be better pump material. One can buy more and hype it as superior, actually convincing buyers that it's a good coin to have. Once that happens, he can dump in waves - if his intention was to profit from the p&d, instead of HODLing long term.

But this didn't happen. And it has sparked my curiosity as to why. What does the multi-million guy (who buys all anon coins except the bytecoin ones) know? Is it inflation that is the problem? Is it that he has somehow independently assessed the bytecoin coins as severely problematic in other areas beyond anonymity? What is it that makes him avoid them like the plague, creating market paradoxes where Boolberry is surpassed by bitcoin-based clones that only offer a whitepaper for anonymity and not even the features for it?

holly crap!! btc/$ hit 309 on btc-e with 10,5K BTC volume

you are fucked, I knew it; I knew I had to cash out everything a couple of weeks ago.

or Poor . Probably poor !

You all have no clue whats about to happen.

 EVERYTHING is going down. Its not a DRK problem. Naturally, weak hands are running for their lifes... In a few days, people with brains will have their FIAT in exchanges to BTC and buy the heck back up DRK... and become very rich men in a few months

The whole market is going down... -7% btc, -20% LTC, -20% Peercoin, -60% cloak etc. Is this a result of the instamine which is DRK-specific? Of course not.

IMO, what is happening is this: A large number of hacked BTCs had found their way in alt-land (including the DRK pump and other pumps with the same buyer)... These were invested in a large number of coins, irrationally (meaning that the buys were very aggressive / pump-like)... as are the dumps, which are losing the owners money but still they don't care because these BTCs aren't really bought or worked for. They were stolen. Only one who has no concern of buying or exit price can behave like that pumping and crashing coins for the lulz.

For some reason, a lot of this money is going out. All the coins which have been influenced by this pumping & dumping will gain because the market behavior of the buyer (now seller) is irrational. He bought high / sold low as he pressured the price to new depths. This money from his losses ended up in ordinary investors pockets but he doesn't care because they are probably stolen money to begin with.

That's my theory at least.