Topic: [ANN][KARM] Karma / ₭ / X11 - page 349. (Read 583121 times)
That 100 LTC buy wall at 40 is extremely risky. Sparse support until 33 Litoshi which was our previous stable price level before the pump. If they genuinely wanted coins they would stagger the orders upwards. When I see large Buy walls like that I know they are slowly dumping their coins above it. Gonna watch for a while before I buy any more.
Seems to me like there was genuine buyers followed by miner selling or some shaky hands . As we can see no a lot of dumpers so we have a new high walls now in mid 40s. As the days pass that floor is going to get higher and higher. Not easy to dump your coins and be able to buy back to get back to same bag hold as before.
Who ever bought at 30 and sold at 50 now have the ability to buy back less coins. The real pump and dumps are effective if they can buy at 30 and then crash it back to 30s to buy back and sell again high. This cycle is how they are able to get some ltcs. But when the price doesn't fall back and stay high they just lost their leverage.
So i doubt it was anyone trying to pump it so dump it with gaining. Just genuine buyers followed by some shaky hands. This is healthy. Who ever bought at these prices , if they did it to sell back with profit they will sell them back at 70s or more.
Hence to me it doesn't look like a pump cycle. Just an ordinary healthy cycle. Created by people who want to buy and hold and previous buyers that sold that do not care about the coin and want to get some ltcs.
We welcome this cycles. Because who ever wants to buy now and sell back at 70s for profit will create us a higher low floors. This is because most of the buyers that they will sell at 70s will be of people who want to hold their coins.
We can easily see this as the numbers of coins on sell in mintpal is getting slammer and smaller. Two months ago we had over 2 billions on sell at all exchanges. Now they are at 800k (checked from last night)
Keep selling you big bags now. There will be no one selling them back to you. : )
Who ever bought at 30 and sold at 50 now have the ability to buy back less coins. The real pump and dumps are effective if they can buy at 30 and then crash it back to 30s to buy back and sell again high. This cycle is how they are able to get some ltcs. But when the price doesn't fall back and stay high they just lost their leverage.
So i doubt it was anyone trying to pump it so dump it with gaining. Just genuine buyers followed by some shaky hands. This is healthy. Who ever bought at these prices , if they did it to sell back with profit they will sell them back at 70s or more.
Hence to me it doesn't look like a pump cycle. Just an ordinary healthy cycle. Created by people who want to buy and hold and previous buyers that sold that do not care about the coin and want to get some ltcs.
We welcome this cycles. Because who ever wants to buy now and sell back at 70s for profit will create us a higher low floors. This is because most of the buyers that they will sell at 70s will be of people who want to hold their coins.
We can easily see this as the numbers of coins on sell in mintpal is getting slammer and smaller. Two months ago we had over 2 billions on sell at all exchanges. Now they are at 800k (checked from last night)
Keep selling you big bags now. There will be no one selling them back to you. : )
im in AUS.. works here..
Did karmashare.me website vanish?
It hung for me for a second and had to hit reload, but still there.
I bet it was learminer, he looked hungry haha.
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?
Definitely folks still loading up. Hopefully they hold for the 20 Satoshi later this year!
Did karmashare.me website vanish?
Works for me. 
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/
http://www.coindesk.com/bitcoin-holds-big-promise-charity-hasnt-delivered-many-big-gifts/
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.
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!
I cannot register with my username KarmaKaguy cause Karma is a reserved word.... I really would like to have my name there....
Please try again. Sorry about that.
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.
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..
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.
I bet it was learminer, he looked hungry haha.
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
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
Is this a pump and dump?
I have seen little evidence of a pump, just people buying in. It is hard to tell if that is simply the readers of this thread getting exited because they read about a pump or if somebody really is buying in for when they want to pump the prices. This does not look like a dump from a pump and dump given the average price of just 40 and it being limited to 1 of the 2 main Karma exchanges.
I have seen little evidence of a pump, just people buying in. It is hard to tell if that is simply the readers of this thread getting exited because they read about a pump or if somebody really is buying in for when they want to pump the prices. This does not look like a dump from a pump and dump given the average price of just 40 and it being limited to 1 of the 2 main Karma exchanges.
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..
I didn't see that. Maybe somebody is pushing up prices. I still think it was somebody being impulsive.
Chargin.
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.
Is this a pump and dump?
I have seen little evidence of a pump, just people buying in. It is hard to tell if that is simply the readers of this thread getting exited because they read about a pump or if somebody really is buying in for when they want to pump the prices. This does not look like a dump from a pump and dump given the average price of just 40 and it being limited to 1 of the 2 main Karma exchanges.
I have seen little evidence of a pump, just people buying in. It is hard to tell if that is simply the readers of this thread getting exited because they read about a pump or if somebody really is buying in for when they want to pump the prices. This does not look like a dump from a pump and dump given the average price of just 40 and it being limited to 1 of the 2 main Karma exchanges.
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..
I didn't see that. Maybe somebody is pushing up prices. I still think it was somebody being impulsive.
Chargin.
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
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
I cannot register with my username KarmaKaguy cause Karma is a reserved word.... I really would like to have my name there....
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.
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..
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.
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.
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