Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 421. (Read 1232701 times)

Nope, you are wrong here, now i'm typing this on my ipad so i'll keep it short.

They are keeping the price low by trading very small amounts of vtc with themselves and they keep going a little lower every time they do it. When they decide enough people are panicking and panick-selling they will buy up all the cheap VTC. when they do this everyone sees the price is going up again and they'll just go with the flow and start pumping it again. Then when the people that bought the vtc when it was cheap enough to them will just wait untill the price is high enough again, (10-30% profit) and then just sell it all again, making the price drop again.

They'll just keep repeating this process for easy profit.

It's called market manipulation and is illegal in normal stock/fiat markets.

It's normal, you get half your normal hash rate

You need to have enough system ram...eg 8Gb would be a good start... to avoid HW error.

Honest question time gang.

Why would someone ever "keep the price down" for any coin, by dumping it? 

Doesn't that mean they *own a lot of that coin* in order to be able to dump it?   and if so,
Why would they benefit from this when they can just wait till it rises as high as it can and *then* start unloading it?   

Aren't you just angry because it's not rising to a particular price that _you_ want to sell it at, and once you do there will be other people angry that "some fucker is keeping VTC down" at .006 BTC (or whatever their magic number is)?

Doesn't it make a lot more sense to assume that this "VTC hater"  is not being irrational and evil and trying to damage VTC, but is really just one or more of the early bigger VTC miners or someone who bought a boatload of it at 10 Satoshi or whatever, and is now very rationally choosing to milk all the later adopters in the market for easy and huge profit? By the way I own some VTC above the current price so I am having to wait this out like everyone else.

I don't think there needs to be a conspiracy to explain this, just plain old profit taking by higher levels of the pyramid taking it out of the lower levels.   

Regardless of why they are doing it, the other fact is that they can't have an infinite supply of it to just sell forever at this rate, (unless they are some kind of massive mining farm, and even then it's not profitable forever). 
They'll sell out of their stash sooner or later and then it might move again, if people haven't lost interest in VTC by then.

Second bonus achieved - user 'lestm...2' won 10VTC

Transaction ID: 9f11b796b66e9528323a7823b40fbd150a3f191980f5fe421f0c7bb6a52cf9b8

http://explorer.vertcoin.org/address/Vn3m3J9QgVKCF2NSpkdyTkS9zCtbDWPhLs


feeleep

I also do not trade there but i watch what is going on. You can´t ignore cryptsy is setting the price of VTC. All other exchanges only follow cryptsy.

you are right. the problem is some will never leave. they just say "ohh i can get 0.00001 btc more there so i will sell on cryptsy"
money, ignorance and greed rules the world, sad but i'm afraid you can't change this.

It's not really.

Using the same settings as cgminer scrypt to vertminer 0.5.2... getting 7950@250kH/s and 280x@375kH/s

Tried 0.5.3 but my hash rates drops. I know some may experience faster but I don't really care at this point, 0.5.2 works perfectly.

I do not trade there

you're right

check here
https://bitcointalksearch.org/topic/the-big-vtc-vertcoin-settings-thread-416572

It should be okay to use.

IS there a way to take the vertcoin away from cryptsy? They are manipulate the market big time..

I asked yestrday but got noe answer - is Windows Vista 64 bit OK for using vertminer ?

Yea, We really need to start promoting moving volume out of there before it starts messing with VTC big time.  Its ridiclously obvious,  when other exchanges are buying for .0051 with decent volume, sell orders are going through on cryptsy for .0049-48 in 50-100+ VTC which makes no sense unless your intentionally trying to keep the price down.  We should promote one exchange in particular to keep the volume high somewhere other then cryptsy.

i think next incomming sell wave becaus once off all release in 6-8 hours by cryptsy

Vertcoin is soo tricky to set up. I'm only getting 180 Kkash on 7950 and 250 Khash on 7970 on basic settings. Any advanced options and that modified cgminer keeps crashing or HW erorrs occure.

just a dirty f*cking game cryptsy

Its each day the same, they collect all deposit for 12 to 24 hours and then they release them all at once.
I follow this now for 4 days, each day the same game.
I send always small amounts of coins to see when the come in my cryptsy account, Short after the come to my account prices goes down.

or vircurex or bter i don't understand why a lot of people still trade on cryptsy ... everything is better ...
no problem here with any other market so far.