What the previous posts said, the odds for rising are the same as odds for falling of a coin, the instability is both at the top from the average and at the bottom.
The lower the price the more people can afford to lose a lowly proportional value to their portfolio, while being in a chance to win a lot more when the price suddenly rises.
If you want to invest smartly, always turn the chart upside down - winners never buy high.
Topic: Never mind (Read 1429 times)
Who buys altcoins when they die?
Smart money does!
Smart money does!
Precisely as had been stated: whales or speculation of some sort.
You can get something and if it pops up somehow, each additional satoshi is an additional 100% return (minus exchange fees). I mean look at Mooncoin: after the initial spike of about 8 satoshi, it dropped to sub 1 satoshi levels. Those who got it at that point before cryptsy picked it up easily made up to 3000%. That's a hell of a return for some speculation and pumping. Not saying anything about the ethics of it, but from a financial aspect, that's a pretty wicked killing.
You can get something and if it pops up somehow, each additional satoshi is an additional 100% return (minus exchange fees). I mean look at Mooncoin: after the initial spike of about 8 satoshi, it dropped to sub 1 satoshi levels. Those who got it at that point before cryptsy picked it up easily made up to 3000%. That's a hell of a return for some speculation and pumping. Not saying anything about the ethics of it, but from a financial aspect, that's a pretty wicked killing.
Issue is exchanges keeping trading on X/BTC.
If the price going under 1 sato, not meaning the price is under 120 DOGE, or else.
We can consider a market as 'dead' when people can't buy and only sell (or only sell and can't buy). But this can be resolved by adding pairs or by trading on something else than BTC for coins with high supplies.
LTC could be a great solution for many coins.
If the price going under 1 sato, not meaning the price is under 120 DOGE, or else.
We can consider a market as 'dead' when people can't buy and only sell (or only sell and can't buy). But this can be resolved by adding pairs or by trading on something else than BTC for coins with high supplies.
LTC could be a great solution for many coins.
Yeah I'd have to agree with some of the others assessments on this. A whale with deep pockets and strong hands can set up a trap for a "fish" and feast on their gullibility. It's the circle of life heh.
It seems clear to me that these coins are clearly on their way out. I've seen this pattern so many times....
My question is, who is the one putting those buy orders in at 1 satoshi/litoshi? Why do they do it?
A lot of 2 satoshis sell order were filled while only a few of 1 satoshi buy order was filled. Why ?
OK, I'm a miner and not a trader, so I'll let you in on the secret. Anyone buying at 1 satoshi can make a round trip through litecoin for profit. Suppose you spend .001 BTC to buy 100000 MRC for 1 satoshi each (.001 BTC /.00000001 BTC/LTC = 100,000 MRC). Now you convert to litecoin at the rate of .00000055 LTC at poloniex. Now you have 100,000 MRC * .00000055 LTC/MRC = .055 LTC . Then sell the LTC back to BTC: .055 LTC*.032 BTC/LTC = .00176 BTC. That's 76% profit in one round trip, and that's why so many people leave a standing order for 1 satoshi.The .15% fee essentially doesn't matter. The only limit is the small volume of people too impatient (or not knowing the trick) to convert it themselves.
There are always speculators who is willing to buy most coins at 1 sat/litoshi as a move to 2 = 100% gain.
Also, as everything is a pattern with the pump and dumps, there are always whales who will absorb it at the lowest point and build a pump out of it.
But then again, there are those who get burnt and are stuck with a dead coin.
Also, as everything is a pattern with the pump and dumps, there are always whales who will absorb it at the lowest point and build a pump out of it.
But then again, there are those who get burnt and are stuck with a dead coin.
Never mind
Jump to: