Topic: [ANN][KARM] Karma / ₭ / X11 - page 349. (Read 583278 times)

Did karmashare.me website vanish?

bitcoin charity waning... time for Karma to slowly start gaining momentum.

http://www.coindesk.com/bitcoin-holds-big-promise-charity-hasnt-delivered-many-big-gifts/

I'm more than happy to have the debate continue...
all I said was that people should consider the direction that the coin is already heading in while continuing the debate... (ie up)

Markets hate uncertainty... and that being the case I absolutely agree things should be thoroughly debated before changes are made which might create further uncertainty.

sure there is always going to be intra-day volatility but all in all I would say Karma has held up pretty well considering where it was a few weeks ago.

that's all I meant..

good hunting to everyone...we all have our opinions on how these coins should be traded/invested on a daily basis.. I'm pretty happy with what I've managed to accumulate so far even though its still quite modest.. I started buying when this coin was 3 Satoshi... and I'm green now so im happy

We are going LIVE on KarmaHangout.com! 

Please try again. Sorry about that.

Alright, I'll rephrase.

Price stability (or lack thereof) doesn't necessarily mean the Karma community is doing things right or wrong, therefor the price being stable doesn't indicate that we shouldn't debate if change is required or not. This is because there are pumpers/ dumpers, market manipulators, sheep, people that have no idea what the community is doing and people that make incorrect assessments of how well the community is doing.

I do agree with you that prices are influenced by market confidence and the community.

I also think that community actions influence price stability.

Lots of love,

Chargin.

You overestimate my purchasing power, lol. But I have a gut feeling there are a few people out there right now that are bullish about Karma and want to get a piece of the pie. So I was pretty confident they'll take that bait. And they did - yumm.

While I am not following the markets as closely as CatKiwi, I do pay close attention to the trends and timing of bigger buys/sells. I don't know who the big market players/manipulators are, but by now it is obvious they are here and watching. None of the recent price actions are random, or small buyers/sellers. But there are apparently conflicts of interest.

The people that are pumping the price are new to Karma, they probably don't have huge amount of coins yet and still accumulating. They have also been - relatively - smart and coordinated in their moves. While they did cause almost 50% price increase, they did distribute their buys over multiple exchanges and a longer period of time (at least several hours a day over multiple days).
The dumper(s?) on the other hand are either people with massive mining powers dumping their mined coins coins (unlikely though, some of these dumps are far too large to be "new" coins), or someone that already owns an enormous amount of Karma and either wants to "get out", or has "other" plans for this coin (plans that don't involve a premature price increase). His/her dumps are almost always done in a very short amount of time and often on only one exchange. Which leads me to believe it is a single big whale...

A Karma rich-list would rock, does one already exist?

catkiwi look at recent LTC - BTC price changes ..... people don't know what to do

what happen at karma/LTC looks so random .... complete miss

it will keep being like this .... as long as no one is leading the market with momentum so people would follow .... where that momentum is up or down ... people always want to follow

100 Litecoins is a hell of a lot of dough to be impulsive with imo. Generally those with that much coin to spend have a pretty good idea of what they are doing.

I didn't see that. Maybe somebody is pushing up prices. I still think it was somebody being impulsive.

Chargin.

I cannot register with my username KarmaKaguy cause Karma is a reserved word.... I really would like to have my name there....

says you buddy... Price is directly tied to market confidence which comes from information which being provided by... *drum roll please*... the community....

so to say that community actions do not influence price stability is..... BS.. IMO..

Actually CatKiwi that was me. It was a much smaller trade (for minor buy/sell spread transactions) that for some reason got processed over and over again. I don't even have that much Karma on my MintPal account. As that trade was being executed (or shortly after) MintPal suspended trading.

Please take a moment to register at the new Karmashares forums:

http://karmashares.com/forums/index.php

All the action will take place in the new forums rather than on r/Karmashares

for increased+active participation, better organization of topics and tasks, to provide greater transparency to our operations, and for newcomers to easily understand what we're up to and participate as well

why would you get nervous? if you watch the market like a hawk for 18 hours a day then all you need to do is place orders above and below theirs to trade on the swings...

if you can see them coming its not difficult to swim around them like little fish swim around whales.

also if someone owns that much Karma and are trying to get more, that only means that they believe in the coin enough to put that amount of money on the line...

Price stability (or lack thereof) has nothing to do with the Karma community doing things right so it should have nothing to do with debating if we should change things or not. The thing that will give the widest distribution of wealth is increasing the number of people that know about Karma.


I bet it was learminer, he looked hungry haha.

Here's a snapshot I made a couple of hours ago - was keeping it to myself but with all the fake buying and selling going on I think it should be taken note of - As many know I watch the Mintpal order book like a hawk 18 hours a day - always open on my secondary monitor - I caught this guy, a single sell order, for just long enough to snapshot it. Someone out there is holding over 500 LTC worth of KARMA to manipulate the price with and after the last hours activity I am getting mighty nervous.

I guess you missed the 2 buy walls yesterday that were placed at the same time on Mintpal and Cryptsy at 37 litoshi of about 100 LTC each...


ill give you an alternative scenario of what might have happened..

some pumpers moved in and thought they could pump and dump the coin..... they pumped it all the way to 58 and probably thought they could start dumping into the 60s... meanwhile mr Scryptminer who has been collecting coins for way less than a GPU miner ever could.. sees an excellent opportunity to cash in while the price is relatively high to what is has been in weeks...

he/she/they sell their coins and the pumpers miss the boat having sold only a small portion of the coins they were going to quietly dump into the market using multiple small orders to cover their tracks..

Interesting - so someone bought up that 49 wall. But it doesnt make any sense, no one would buy 70 LTC worth of a coin for 49 when someone dumped 100 LTC down to 36 an hour ago....my bet is on multiple mintpal accounts buying his own order.