There's no reason to think the dev intentionally made the price collapse, I'm sure he'd have loved to see it keep increasing in value.
But how else would he explain away the loss of confidence the market shows in his empty little project without concocting a story about a conspiracy to destroy it so that, when it comes to it, he'll walk away from this coin as he did his previous ones without being held to account.
What's the situation with the pre-mine these days anyway? Is it being audited by the accountant he said would be reporting once a week?
Topic: [ANN][TRUST] TRUSTplus [PoD5x2][BitTrex][Android][Shopify] - page 9. (Read 77008 times)
Let me just describe to you the process used to manipulate the market in order to steadily offload a ton of coins onto the gullible.
1. Put in a bunch of incrementally increasing buy orders worth a tiny fraction of a bitcoin each, getting it close to the sell price, knowing that most people who are looking to sell at that price will see the buy support is still too thin for them to sell their ask into the offers.
2. Wait until there are some additional buy offers made to fill out the thin trail you have laid.
3. When there's enough there to make it worthwhile, you sell into it, offloading onto some poor sap while only costing you the price of the thin trail you laid.
3. Rinse and repeat.
5. Tell everyone there is a 'buy-high-sell-low' bot conspiracy trying to crush your coin.
As I said, which is more likely? The simple answer I give you to describe what is happening on the markets to this coin, or the bizarre notion of a conspiracy intent on throwing away thousands and thousands of dollars buying-high and selling-low?
1. Put in a bunch of incrementally increasing buy orders worth a tiny fraction of a bitcoin each, getting it close to the sell price, knowing that most people who are looking to sell at that price will see the buy support is still too thin for them to sell their ask into the offers.
2. Wait until there are some additional buy offers made to fill out the thin trail you have laid.
3. When there's enough there to make it worthwhile, you sell into it, offloading onto some poor sap while only costing you the price of the thin trail you laid.
3. Rinse and repeat.
5. Tell everyone there is a 'buy-high-sell-low' bot conspiracy trying to crush your coin.
As I said, which is more likely? The simple answer I give you to describe what is happening on the markets to this coin, or the bizarre notion of a conspiracy intent on throwing away thousands and thousands of dollars buying-high and selling-low?
Ok at this point i have drunk to much so i wont be able to express exactly my thought on this, can only tell you i don't agree with you, so we will continue this after the game?
Trying to wrap my head around this. So, Dev has mined a butt load of coins. Coin goes very smoothly to 900. Dev then sets up a bot/dumps coins cheap, which lowers value of said coin to 150-200. Making his huge mine worthless. Umm why would you do that? Im just a Braindead Miner, so someone please explain so I can avoid this shit in future. Lost my Stake to this Bullshit 
Let me just describe to you the process used to manipulate the market in order to steadily offload a ton of coins onto the gullible.
1. Put in a bunch of incrementally increasing buy orders worth a tiny fraction of a bitcoin each, getting it close to the sell price, knowing that most people who are looking to sell at that price will see the buy support is still too thin for them to sell their ask into the offers.
2. Wait until there are some additional buy offers made to fill out the thin trail you have laid.
3. When there's enough there to make it worthwhile, you sell into it, offloading onto some poor sap while only costing you the price of the thin trail you laid.
3. Rinse and repeat.
5. Tell everyone there is a 'buy-high-sell-low' bot conspiracy trying to crush your coin.
As I said, which is more likely? The simple answer I give you to describe what is happening on the markets to this coin, or the bizarre notion of a conspiracy intent on throwing away thousands and thousands of dollars buying-high and selling-low?
1. Put in a bunch of incrementally increasing buy orders worth a tiny fraction of a bitcoin each, getting it close to the sell price, knowing that most people who are looking to sell at that price will see the buy support is still too thin for them to sell their ask into the offers.
2. Wait until there are some additional buy offers made to fill out the thin trail you have laid.
3. When there's enough there to make it worthwhile, you sell into it, offloading onto some poor sap while only costing you the price of the thin trail you laid.
3. Rinse and repeat.
5. Tell everyone there is a 'buy-high-sell-low' bot conspiracy trying to crush your coin.
As I said, which is more likely? The simple answer I give you to describe what is happening on the markets to this coin, or the bizarre notion of a conspiracy intent on throwing away thousands and thousands of dollars buying-high and selling-low?
Sure, your criticism of what I am implying would be valid, if it weren't for one small thing, that it is the Dev who is claiming there is a buy-high-sell-low bot throwing thousands of dollars away to destroy his coin.
Surely if it were just someone dumping their coins, other than the dev, he'd just tell you that some miners were cashing out instead of trying float this absurd idea of the bot-based conspiracy?
So, if it is number 2 and someone is steadily dumping their hoard, it would be reasonable to assume it is the dev because he is the one who is trying to convince you it is a bot.
Surely if it were just someone dumping their coins, other than the dev, he'd just tell you that some miners were cashing out instead of trying float this absurd idea of the bot-based conspiracy?
So, if it is number 2 and someone is steadily dumping their hoard, it would be reasonable to assume it is the dev because he is the one who is trying to convince you it is a bot.
Well i will still go for the bot, not really sure why or how, but Trust is not the only coin affected, look at KTK, same thing is happening and there no one had big rig, coin was 100% premined and everyone got one share, but still same pattern happens as here, someone is lowering the price, just look at the charts on bittrex and you will see.
Sure, your criticism of what I am implying would be valid, if it weren't for one small thing, that it is the Dev who is claiming there is a buy-high-sell-low bot throwing thousands of dollars away to destroy his coin.
Surely if it were just someone dumping their coins, other than the dev, he'd just tell you that some miners were cashing out instead of trying float this absurd idea of the bot-based conspiracy?
So, if it is number 2 and someone is steadily dumping their hoard, it would be reasonable to assume it is the dev because he is the one who is trying to convince you it is a bot.
Surely if it were just someone dumping their coins, other than the dev, he'd just tell you that some miners were cashing out instead of trying float this absurd idea of the bot-based conspiracy?
So, if it is number 2 and someone is steadily dumping their hoard, it would be reasonable to assume it is the dev because he is the one who is trying to convince you it is a bot.
Ok this bot is a fucking pain in the ass, someone has gone out of their way to spend 50 bitcoins in an attempt to ruin trust?
all fingers pointing at cryptodevil
What *possible* reason would I have for throwing away tens of thousands of dollars in running a 'buying high/selling low' TRUST-destroying BOT?
Let me ask you something, you know, from way back here in the rational-thinking part of your brain, the one that's currently clouded with crypto-schemes of getting rich quick.
Which is more likely?
1) I, or anyone else for that matter, have been throwing thousands of dollars away solely to destroy this coin.
OR
2) *Someone* with a large amount of coins they mined with their commercial-scale mining rig during the extremely short PoW phase, is steadily dumping them.
Which of those two scenarios is more likely?
So if number 2 is correct with that you want to say that only dev has a big mining rig so he can collect that much of trust, just for comparison i own 5x5gpu's mining rig, but i had almost 2gh for this coin, and you know how is that possible, i rent, so anyone could have rented and minet tons of coin so now is dumping them, but your conclusion is always that it must have been the dev becose he has big rig, lol
Ok this bot is a fucking pain in the ass, someone has gone out of their way to spend 50 bitcoins in an attempt to ruin trust?
all fingers pointing at cryptodevil
What *possible* reason would I have for throwing away tens of thousands of dollars in running a 'buying high/selling low' TRUST-destroying BOT?
Let me ask you something, you know, from way back here in the rational-thinking part of your brain, the one that's currently clouded with crypto-schemes of getting rich quick.
Which is more likely?
1) I, or anyone else for that matter, have been throwing thousands of dollars away solely to destroy this coin.
OR
2) *Someone* with a large amount of coins they mined with their commercial-scale mining rig during the extremely short PoW phase, is steadily dumping them.
Which of those two scenarios is more likely?
price 250 sat. bot is dead?
as you can see now the bot keeps the price below 150 Satoshi
Ok this bot is a fucking pain in the ass, someone has gone out of their way to spend 50 bitcoins in an attempt to ruin trust?
all fingers pointing at cryptodevil
Ok this bot is a fucking pain in the ass, someone has gone out of their way to spend 50 bitcoins in an attempt to ruin trust?
Important NEWS
7-12-14 Our coin has a Bot in BitTrex that locks the price at 220-250 Satoshi and We cannot get in contact with the owner to turn it off. BitTrex cannot block it either. Every attempt to change it creates a bagholder. Please do not try to raise the price. Just buy it at the lowest amount. This bot has 10 BTC support and the Bot just buys back in. Only buy the lowest block, it will automatically create a new low price block within seconds. It is time consuming but, we don’t want you to become a bag holder. To be CLEAR... this is not our BOT!
ATTENTION!
We have information that trading bot running on the Bittrex was translated in phase 1 - retention rates TRUST below 200 Satoshi and in the nearest time will start the phase 2 - retention rates TRUST below 150 Satoshi, and the next day started phase 3 - retention rates TRUST below 100 SatoshiReserves bot filled up to 50 BTC, so be careful!
do you still need paper wallet for your coin? we can make one at http://coinok.pw
Important NEWS
7-12-14 Our coin has a Bot in BitTrex that locks the price at 220-250 Satoshi and We cannot get in contact with the owner to turn it off. BitTrex cannot block it either. Every attempt to change it creates a bagholder. Please do not try to raise the price. Just buy it at the lowest amount. This bot has 10 BTC support and the Bot just buys back in. Only buy the lowest block, it will automatically create a new low price block within seconds. It is time consuming but, we don’t want you to become a bag holder. To be CLEAR... this is not our BOT!
ATTENTION!
We have information that trading bot running on the Bittrex was translated in phase 1 - retention rates TRUST below 200 Satoshi and in the nearest time will start the phase 2 - retention rates TRUST below 150 Satoshi, and the next day started phase 3 - retention rates TRUST below 100 SatoshiReserves bot filled up to 50 BTC, so be careful!
Moved! Its time for the next step. Thank you all for your help producing this coin. https://bitcointalksearch.org/topic/anntrust-trustplus-pod5x2bittrexandroidshopifymoderated-687207
it's time to buy
giveaway on IRC in 5 min
Small coin giveaway went very well. I will be doing another one later this evening.
I'm always too late on these kinds of things, but hopefully I can make the next one.
giveaway on IRC in 5 min
Small coin giveaway went very well. I will be doing another one later this evening.
We are now a payout for CoinKing.io Sorry it took four days, I should have set it up alot earlier. -Travis
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