How to manipulate All Altcoins | Bitcointalksearch.org

True___Blue

sr. member

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Quote from: barwizi on May 31, 2013, 02:50:16 AM

I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping Grin

. Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners?

when you say "close to the lowest sell order" do you mean slightly above it or slightly below it?

barwizi

legendary

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hahaha, i knew you were watching my post, it worked until phenix "disappeared" havent tried since. i will when i get a new p/s

sal002

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Did it work?

digitalindustry

hero member

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‘Try to be nice’

Quote from: barwizi on June 01, 2013, 12:20:04 AM

Quote from: psybits on June 01, 2013, 12:13:24 AM

Quote from: barwizi on May 31, 2013, 10:53:10 PM

pxc pump in one hour

Which exchange? Not that I participate in this kind of thing ...

lets start small, cryptsy, when it's profitability rises, the mindless ones will flock to it, raising the difficulty and price, once the price is high enough, we dump and run for the hills. although that may kill the coin when people start shifting to other coins again.

the only thing that will destory the currency is a lack of support for it , nothing you do. you should understand that.

0 + 0 = 0

you can play in the middle and have some fun but.

barwizi

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Activity: 882

Merit: 1000

Quote from: psybits on June 01, 2013, 12:13:24 AM

Quote from: barwizi on May 31, 2013, 10:53:10 PM

pxc pump in one hour

Which exchange? Not that I participate in this kind of thing ...

lets start small, cryptsy, when it's profitability rises, the mindless ones will flock to it, raising the difficulty and price, once the price is high enough, we dump and run for the hills. although that may kill the coin when people start shifting to other coins again.

psybits

legendary

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Quote from: barwizi on May 31, 2013, 10:53:10 PM

pxc pump in one hour

Which exchange? Not that I participate in this kind of thing ...

barwizi

legendary

Activity: 882

Merit: 1000

pxc pump in one hour

defaced

legendary

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Franko is Freedom

Quote from: digitalindustry on May 31, 2013, 06:31:42 PM

manipulate away its all part of the market - may as well do it while you can . although what you discribed is not actually manipulation .

this. exactly what i wanted to say but you beat me too it.

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

manipulate away its all part of the market - may as well do it while you can . although what you discribed is not actually manipulation .

champbronc2

hero member

Activity: 490

Merit: 500

I still don't understand how any money is being made here.. What?

Someone wanna explain?

sal002

hero member

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Merit: 500

Quote from: cryptohunter on May 31, 2013, 05:21:15 PM

yeah coinchoose needs to really look at volumes really as well as just the price.

Bumped

Ethicoin

newbie

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Merit: 0

Quote from: barwizi on May 31, 2013, 02:50:16 AM

I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping Grin

. Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners?

FINSEC is tracing your IP and getting a lock on your biosig from a satellite in space as we speak Wink

EDIT: This is a joke! Cheesy

cryptohunter

legendary

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

yeah coinchoose needs to really look at volumes really as well as just the price.

Oldminer

legendary

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Same thing happens with Bitcoin - its just on a larger scale

r3wt

hero member

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Merit: 504

always the student, never the master.

Quote from: diegodos on May 31, 2013, 02:17:34 PM

Quote from: barwizi on May 31, 2013, 02:50:16 AM

I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping Grin

. Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners?

its all want to say : i hate crypsty.com

i do as well. the system in place is fundamentally flawed. it almost encourages dumping en masse.

mullick

legendary

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Quote from: Elwar on May 31, 2013, 04:33:57 PM

Manipulating alt coin prices are easy. Dropping $1k in there is usually enough to move things the way you want.

It is almost too easy to start a dump

Elwar

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Viva Ut Vivas

Manipulating alt coin prices are easy. Dropping $1k in there is usually enough to move things the way you want.

tim13n

member

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very cool idee!

e521

full member

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Quote from: diegodos on May 31, 2013, 02:17:34 PM

Quote from: barwizi on May 31, 2013, 02:50:16 AM

I decided to test a theory, looking at the data on cryptsy and coinchoose, i placed buy orders that were close to the lowest sell order. In 5 minutes nibble became the most profitable coin to mine and it's hashrate trippled in an hour. After people matched my prices it fell to 75% and now people are dumping Grin

. Now i've moved on to Worldcoin, i made an offer, someone topped me on bter and now it looks like all the hash has moved there. anyone want to work with me to profit off these mindless miners?

its all want to say : i hate crypsty.com

^^^^^^^^^^^^^^^^^^^^^^

com911

hero member

Activity: 518

Merit: 500

Quote from: wiggi on May 31, 2013, 02:14:28 PM

You place buy order, get filled, then people want to dump...
How can you possibly profit from this, by selling to the guy who topped you?

You can place buy order like 0.001 btc

Topic: How to manipulate All Altcoins (Read 2241 times)