Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 689. (Read 9723733 times)

That is not logical. Polo has invested a lot of money building their service, and their most valuable asset is their reputation. They are already making a lot of money, and their main concerns are not getting hacked, DDOSed, or overwhelmed by the volume of data they process. People smart enough to build Polo are not going to risk everything for a few extra bucks.

You got it.. now imagine polo run those bots because its easy money

Hah, good one. BTW if no-one lends then no-one can short.


Another Good one!


I think the only way it will ever hit that again is if a thousand Masternodes pull an exit P$D and the other 3k sit back and watch again..



Ripple was a perfect example of this yesterday.

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I think 0.06 is the first bullish mark.  I just saw a huge sell wall get clobbered at 0.05.

Going down again? Yes.

It may be possible without any hacking. Some special whale accounts with all the data they need provided to them along with zero fees and priority lag-free API access. This is just my assumption, no proof.

Well now @ polo only green v btc tab is DASH. Are we going again?

Can someone reach out to Kim Dotcom and convince him to integrate Dash into his Bitcache idea? We've already got one reformed outlaw (Shrem) on board.

https://cointelegraph.com/news/bitcoin-wallets-take-center-stage-in-dotcoms-bitcache-intro-video

The expert Wall Street trader would never bother. No need to. They make too much to begin with and what is described here, besides being "below them", is just too much work for what it's worth. And they aren't completely unscrupulous either.

On the other hand, what we surely, most assuredly, without a shadow of doubt, no doubt about it have (have I repeated that enough different ways to express just how likely it is?) is described here: https://en.wikipedia.org/wiki/Boiler_room_(business)

They just don't use the telephone anymore . . . not yet anyway. Give them time. And you thought crypto had a bad name already.  

Enjoy the reading, and please post other related information you find or already know about.


Edit: Oh, and then you have the outright frauds who delusionally think they're something that they're not. You know, like those who say they made 500 BTC when that would have meant that they would have needed to have traded approximately HALF of ALL THE VOLUME on the move they say they made it on. You know, people who are so stupid that they don't even think that doing some simple math turns them into outright lying idiots. Not to be confused with the pros . . . if you can call those boiler room scumbags "pros".


What they both do have in common is that they are complete dicks. That much they do have in common.

And the community has the obligation to flush them out using real data and rational arguments.

Silence is acquiescence. If you consider yourself to be a Dash community member, you have a duty to defend your interests, and simply whining and saying you're putting someone on ignore, or calling someone a troll, just doesn't get it, does it?

You tell me. Dash is your thing, and it'll be what you make it.




Now, you only have to fix the underlying technical issues . . .  

Sorry, but the truth is the truth. Start thinking for yourselves a little bit.

iCEBREAKER, it's your turn to step in now with another reality bite.  

Dead Cats don't bounce well.

That got me thinking...what if somebody hacked into an exchange but instead of targeting on-exchange funds (wallets, etc.) the hacker simply gained access to everybody's position information? They could make a fortune...

Think about it--I imagine that most exchanges focus their resources on securing their wallets and withdrawal processes. Even if those are rock-solid, hackers could make a fortune by getting into other systems.

You are at wrong place if you see any similarity...

Well, I just thought maybe Digicash would be better (although a bit longer)

Welcome on board!

Pick the lowest you think something could go then divide by 10, I held litecoin at near $50 and continued to hold when it bottomed out at $1 -  not saying dash will have a similar fate just a cautionary tale about never going all in.

Absolutely sound advise.  I never make big moves into the wallets because of that.  I've always been wary if they have bots or something like that, that are programed to catch big movements in and out of wallets.  Something like that happened on one of my accounts a little while ago, where there seemed to be some weird behavior...like a time delay, that real raised red flags for me on that.  So...caution is always the word of the day.

Also imagine if you somehow had access to polo's books, including all traders positions..? That would be pretty handy too... At what point does it seem like too much of a coincidence that these wild swings and ddos attacks seem to happen in conjunction with massive forced liquidations? I'm not suggesting for one minute that there's a potential insider involved here.. However...

I'd be very wary (and always have been) of trading in crypto. You don't know who's on the other side of the trade, or how much information they have about your position... Food for thought!  

Walter

   While that is very good advise and most of it is probably true, some can't be done with the info available.  The only one that knows where the margins are and when they could be liquidated is polo.  First the coins are lent when the order is opened, not filled.  You could set a short order at a higher price then the current one.  Same with a  long the other way.   A long would result in BTC being lent, which is true for all coins on Margin, so your not even sure which market the order is in when BTC is involved.  Also there is no guarantee the victim, oops user, is maxing out their funds and will close at some point. 

   But I guess if you just looked for shorts, and you used the available info, you could catch 60-80% of the shorters. 

Imagine that you were an expert Wall Street trader. One of the very best. One of the guys that makes millions a year in bonuses.

Imagine you found a market where there are toons of "noobs" thinking they are pro traders. The market is thinly traded and illiquid. Wild swings are common, and there are no regulations at all. No SEC oversight, nothing.

Now imagine that as a Wall Street professional trader you have access to amazing software tools. Imagine that you have programs that watch all the margin-enabled markets on Poloniex. Imagine that these programs also watch the lending markets. Now imagine that the software correlates all of the trades on Polo with all of the lending that occurs on Polo.

Imagine that you therefore "knew" where all of the large margin positions were and because you knew at what price those orders were placed at, you knew their liquidation points. Look at the hockey-stick rise to .124. Most of the really huge green candles were most likely shorts being liquidated, including the rise from .11 to .124 itself. Look at yesterday's trading; that drop to .035 sure looks like a margin long liquidation to me.

Please trade carefully folks. I have a feeling that you're up against some of the best traders in the world. I think some Wall Street or City folks are finally starting to learn of the crypto markets.