Why dumps are important - page 3. | Bitcointalksearch.org

evilgreed

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Quote from: giveen on March 17, 2017, 06:12:25 AM

It is kind of important what you mentioned but it is also important that bitcoin gets a dump because it helps the smaller investors a lot as they normally wait for price to deduce and ya after a dump till date they growth in price has been stable. And after all bitcoin is like a stock itself so dump is something which will surely occur.

Yes i agree with you, Well its because I'm also a small scale investor. And it really helps a lot.

Doamader

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Well poloniex had build an amazing cash machine with the lending and margin, and yes i had saw too the rates getting insane when bitcoin had dumped into the 900 dollars, 0,15% were the rate i found, and i knew it would reverse the dump because buy walls were strong.
For people be interested into invest the coin need high volatilaty 5-20% its amazing rates, thats why forex has soo many costumers and huge investment, if you lucky enought you will make easy money.

deisik

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Quote from: lionheart78 on March 22, 2017, 07:35:59 AM

Quote from: deisik on March 22, 2017, 07:13:56 AM

Quote from: lionheart78 on March 22, 2017, 06:26:12 AM

Quote from: deisik on March 22, 2017, 06:22:41 AM

In short, do you yourself trade shit coins which are priced at less than 1 satoshi?

I do, traders trade where there is profit (I am not counting myself as one of them but I do trade), emotion neglected

So are you actually buying these shit coins?

For example, with doges or just selling them to get out of your position and save some dough? Could you post a chart (or a link to such). Not that I doubt your words (this is your business, after all), I'm rather curious to see how well coins fare in their "afterlife", so to speak. I would be interested to look at a price chart for a coin which is left for dead in Bitcoin terms but is still being traded against some other more or less decent coin (like, say, Dogecoin or Litecoin)

Told you i do not consider myself as heavy traders as others, I can give you some, but rather looking at the exchange chart would make a better statement than my trading chart. LTC - Doge pairs; Doge - Mooncoin chart this will give you a more solid information

Dogecoin is a decent coin which is still well above 1 doge per 1 satoshi price

Though its future is rather dim if not outright grim. In fact, I had earned decent profits by trading dogecoins a couple years ago. Regarding the other coin in your post, Mooncoin, it is worth looking at the orderbook totals for both asks and bids. Asks total to 10,691,927,002,071.645 dogecoins, i.e. so many mooncoins (in dogecoin terms) people are wanting to exchange for dogecoins (just in case, this is over 10T dogecoins which is above the total number of dogecoins coins ever issued) while the bid side totals only 2,227,202.601 dogecoins (a little over 2M dogecoins), i.e. so many dogecoins people want to exchange for mooncoins (which is well below 1 bitcoin if I'm not mistaken). That basically proves my point, i.e. buying mooncoin is a waste of time and money

ethereumhunter

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i think dumps are important to controlled the price that will not jump too high because once the price is getting too higher from the last price, then many traders can not buy and i think its about balancing in the price. some people is make the price up to reach new price and the other people is handling to control and make sure the price is not too high at this time.

lionheart78

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Quote from: deisik on March 22, 2017, 07:13:56 AM

Quote from: lionheart78 on March 22, 2017, 06:26:12 AM

Quote from: deisik on March 22, 2017, 06:22:41 AM

In short, do you yourself trade shit coins which are priced at less than 1 satoshi?

I do, traders trade where there is profit (I am not counting myself as one of them but I do trade), emotion neglected

So are you actually buying these shit coins?

For example, with doges or just selling them to get out of your position and save some dough? Could you post a chart (or a link to such). Not that I doubt your words (this is your business, after all), I'm rather curious to see how well coins fare in their "afterlife", so to speak. I would be interested to look at a price chart for a coin which is left for dead in Bitcoin terms but is still being traded against some other more or less decent coin (like, say, Dogecoin or Litecoin)

Told you i do not consider myself as heavy traders as others, I can give you some, but rather looking at the exchange chart would make a better statement than my trading chart. LTC - Doge pairs; Doge - Mooncoin chart this will give you a more solid information.

deisik

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Quote from: lionheart78 on March 22, 2017, 06:26:12 AM

Quote from: deisik on March 22, 2017, 06:22:41 AM

In short, do you yourself trade shit coins which are priced at less than 1 satoshi?

I do, traders trade where there is profit (I am not counting myself as one of them but I do trade), emotion neglected

So are you actually buying these shit coins?

For example, with doges or just selling them to get out of your position and save some dough? Could you post a chart (or a link to such). Not that I doubt your words (this is your business, after all), I'm rather curious to see how well coins fare in their "afterlife", so to speak. I would be interested to look at a price chart for a coin which is left for dead in Bitcoin terms but is still being traded against some other more or less decent coin (like, say, Dogecoin or Litecoin)

lionheart78

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Quote from: BTCLovingDude on March 22, 2017, 06:14:55 AM

why are you even arguing about altcoin dumps? that is an entirely different story with a completely different reason than the dumps that happen in bitcoin. and reading the topic and opening post i see it is all about bitcoin not altcoins.

any bitcoin dump is simply a manipulation unless there is a valid reason for quitting bitcoin and that reason has not yet happened.
any altcoin dump has that valid reason. traders are quitting that altcoin to take their money out and put it in another thing to make more of it and then another and so on.

back to the topic, i agree with OP that these dumps in bitcoin are important and can potentially be a good thing that we can all use as regular users that are not whales. when they dump their stash becomes open to public, so far public panics most of the time and they buy back more because price goes down and they become bigger whales but as the buy support grows their power diminishes.

yeah I guess you are right sorry to derail the topic, I do agree with OP too,whether it is a manipulation or not, a dip in price does really help other people to get in and make Bitcoin community more stronger. The problem with the manipulated dump is that whales know it and will intentionally crash the price to accumulate more. It is the possibility we cannot neglect. Though with it comes new comers that buys in and start supporting Bitcoin too.

Quote from: deisik on March 22, 2017, 06:22:41 AM

Quote from: lionheart78 on March 22, 2017, 05:58:08 AM

and about the relevance, there is since a coin can be dump into oblivion way below than 1 satoshi, that is why I said there is another trading pair than Bitcoin - altcoin since you stated

Quote from: deisik on March 19, 2017, 09:29:05 AM

Not all dumps are born equal

With a shitty coin, no more dump can only happen when it gets sold for just 1 satoshi in whatever amounts.

I guess it is not a good practice to twist your point as it best suits your needs whatever they might be. At first, you commented on my post where I gave an example of a shitcoin which has no more buyers, and in that very post I specifically addressed this issue ("how such one shit coin could stand against another shit [coin] is a different matter, though, but it will be a waste of time anyway"). It should be straightforward that I referred to dumps in respect to Bitcoin. So should I repeat it again that trading a shit coin against another shit coin is a waste of time for the majority of traders? It may make some sense from a purely academic or theoretical interest, but if you are in for profits, that's pretty much it (i.e. waste of time)

I was thinking of cryptocurrency in general and not specifically Bitcoin alone. So, I guess there comes the misunderstanding

Quote from: deisik on March 22, 2017, 06:22:41 AM

In short, do you yourself trade shit coins which are priced at less than 1 satoshi?

I do, traders trade where there is profit (I am not counting myself as one of them but I do trade), emotion neglected

add on: waste of time or not depends on the person's perspective. Why are you trading? Profit? If it is fulfilled it is not a waste of time.

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Quote from: lionheart78 on March 22, 2017, 05:58:08 AM

and about the relevance, there is since a coin can be dump into oblivion way below than 1 satoshi, that is why I said there is another trading pair than Bitcoin - altcoin since you stated

Quote from: deisik on March 19, 2017, 09:29:05 AM

Not all dumps are born equal

With a shitty coin, no more dump can only happen when it gets sold for just 1 satoshi in whatever amounts.

I guess it is not a good practice to twist your point as it best suits your needs whatever they might be. At first, you commented on my post where I gave an example of a shitcoin which has no more buyers, and in that very post I specifically addressed this issue ("how such one shit coin could stand against another shit [coin] is a different matter, though, but it will be a waste of time anyway"). It should be straightforward that I referred to dumps in respect to Bitcoin. So should I repeat it again that trading a shit coin against another shit coin is a waste of time for the majority of traders? I'm not denying such a possibility (which should be obvious as well from my posts), I'm basically asserting that it doesn't make sense if only from a purely academic or theoretical interest. But if you are in exclusively for profits, that's pretty much it (i.e. waste of time)

In short, do you yourself trade shit coins which are priced at less than 1 satoshi?

BTCLovingDude

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BTC to the moon is inevitable...

why are you even arguing about altcoin dumps? that is an entirely different story with a completely different reason than the dumps that happen in bitcoin. and reading the topic and opening post i see it is all about bitcoin not altcoins.

any bitcoin dump is simply a manipulation unless there is a valid reason for quitting bitcoin and that reason has not yet happened.
any altcoin dump has that valid reason. traders are quitting that altcoin to take their money out and put it in another thing to make more of it and then another and so on.

back to the topic, i agree with OP that these dumps in bitcoin are important and can potentially be a good thing that we can all use as regular users that are not whales. when they dump their stash becomes open to public, so far public panics most of the time and they buy back more because price goes down and they become bigger whales but as the buy support grows their power diminishes.

lionheart78

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Quote from: deisik on March 22, 2017, 05:49:03 AM

Quote from: lionheart78 on March 22, 2017, 05:35:07 AM

Quote from: deisik on March 22, 2017, 01:15:15 AM

Quote from: lionheart78 on March 21, 2017, 06:53:56 PM

Well you haven't said that your observation is limited to Bitcoin Market only

. But there is a market beyond Bitcoin among cryptocurreny and that is altcoin to altcoin market. And getting your logic, ETH - Litecoin trade is worthless? or ETH = Monero pairs is worthless or Dash = other altcoin pairs is worthless . Seems a broken logic to me Huh

. As long as one of the pair have worth in Bitcoin and or dollar, it will never be worthless

I don't quite understand what you refer to

Just in case, I didn't say that all altcoins are shitcoins, and that was not my point altogether. On the other hand, I specifically mentioned the case of one shit coin "trading" against another such coin, so you can't possibly claim that I was referring to just Bitcoin market exclusively. What I meant to say is that if two shit coins massively hit the floor (i.e. they have the lowest ask price set at 1 satoshi and there cannot possibly be buyers), there can still be a difference in their shitness, so to speak. They can still trade against each other in a somewhat meaningful way, i.e. one coin may be purportedly less shitty than the other. But in reality this trading is meaningless since you are still basically choosing between sorts of shit and just wasting your time

That's the problem I think (you, not understanding the thing I am pointing out) and maybe we have to leave it that way, I do get what you mean though. I am just saying that Cryptocurrency does not exist in bitcoin - altcoin pair in trading alone (that's the main point) whether it is useless or not is another side of story, the only question is, does they exist, of course yes. So that goes down to the point that trading altcoin is not limited and does not stop when its value falls below one satoshi, as long as there is demand for it

Why are you trying to ascribe to me what I didn't say?

I posted a snapshot and if you follow from there, the only reliable conclusion that you can arrive at is that this coin has no buyers at all which pretty quickly comes down to concluding that is not worth anything in general. It can in fact be still traded against other altcoins and allegedly have some value but given only what you see at this snapshot, there is no reason to think that it has any value at all. Basically, you are making an irrelevant point, the case of which I specifically mentioned in my first post regarding this issue

Just accept the fact that there is trading below 1 satoshi value and you'll get it Cheesy

and I bet you do. I would think there is some misunderstanding between us regarding the issue since I guess you are right, if we hold on the sample you use. but there goes Brewmaster replies for it.

with regards to the snapshot, I have to agree with you, considering that it is the only trading pair for that altcoin. Since trading of that coin is limited to 1 satoshi only.

and about the relevance, there is since a coin can be dump into oblivion way below than 1 satoshi, that is why I said there is another trading pair than Bitcoin - altcoin since you stated

Quote from: deisik on March 19, 2017, 09:29:05 AM

Not all dumps are born equal

With a shitty coin, no more dump can only happen when it gets sold for just 1 satoshi in whatever amounts.

deisik

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Quote from: lionheart78 on March 22, 2017, 05:35:07 AM

Quote from: deisik on March 22, 2017, 01:15:15 AM

Quote from: lionheart78 on March 21, 2017, 06:53:56 PM

Well you haven't said that your observation is limited to Bitcoin Market only

. But there is a market beyond Bitcoin among cryptocurreny and that is altcoin to altcoin market. And getting your logic, ETH - Litecoin trade is worthless? or ETH = Monero pairs is worthless or Dash = other altcoin pairs is worthless . Seems a broken logic to me Huh

. As long as one of the pair have worth in Bitcoin and or dollar, it will never be worthless

I don't quite understand what you refer to

Just in case, I didn't say that all altcoins are shitcoins, and that was not my point altogether. On the other hand, I specifically mentioned the case of one shit coin "trading" against another such coin, so you can't possibly claim that I was referring to just Bitcoin market exclusively. What I meant to say is that if two shit coins massively hit the floor (i.e. they have the lowest ask price set at 1 satoshi and there cannot possibly be buyers), there can still be a difference in their shitness, so to speak. They can still trade against each other in a somewhat meaningful way, i.e. one coin may be purportedly less shitty than the other. But in reality this trading is meaningless since you are still basically choosing between sorts of shit and just wasting your time

That's the problem I think (you, not understanding the thing I am pointing out) and maybe we have to leave it that way, I do get what you mean though. I am just saying that Cryptocurrency does not exist in bitcoin - altcoin pair in trading alone (that's the main point) whether it is useless or not is another side of story, the only question is, does they exist, of course yes. So that goes down to the point that trading altcoin is not limited and does not stop when its value falls below one satoshi, as long as there is demand for it

Why are you trying to ascribe to me what I didn't say?

I posted a snapshot and if you follow from there, the only reliable conclusion that you can arrive at is that this coin has no buyers at all which pretty quickly comes down to concluding that is not worth anything in general. It can in fact be still traded against other altcoins and allegedly have some value but given only what you see at this snapshot, there is no reason to think that it has any value at all. Basically, you are making an irrelevant point, the case of which I specifically mentioned in my first post regarding this issue (and it kinda seems that exactly my mentioning this nuance made you pop up)

lionheart78

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Quote from: deisik on March 22, 2017, 01:15:15 AM

Quote from: lionheart78 on March 21, 2017, 06:53:56 PM

Well you haven't said that your observation is limited to Bitcoin Market only

. But there is a market beyond Bitcoin among cryptocurreny and that is altcoin to altcoin market. And getting your logic, ETH - Litecoin trade is worthless? or ETH = Monero pairs is worthless or Dash = other altcoin pairs is worthless . Seems a broken logic to me Huh

. As long as one of the pair have worth in Bitcoin and or dollar, it will never be worthless

I don't quite understand what you refer to

Just in case, I didn't say that all altcoins are shitcoins, and that was not my point altogether. On the other hand, I specifically mentioned the case of one shit coin "trading" against another such coin, so you can't possibly claim that I was referring to just Bitcoin market exclusively. What I meant to say is that if two shit coins massively hit the floor (i.e. they have the lowest ask price set at 1 satoshi and there cannot possibly be buyers), there can still be a difference in their shitness, so to speak. They can still trade against each other in a somewhat meaningful way, i.e. one coin may be purportedly less shitty than the other. But in reality this trading is meaningless since you are still basically choosing between sorts of shit and just wasting your time

That's the problem I think (you, not understanding the thing I am pointing out) and maybe we have to leave it that way, I do get what you mean though. I am just saying that Cryptocurrency does not exist in bitcoin - altcoin pair in trading alone (that's the main point) whether it is useless or not is another side of story, the only question is, does they exist, of course yes. So that goes down to the point that trading altcoin is not limited and does not stop when its value falls below one satoshi, as long as there is demand for it.

Quote from: BrewMaster on March 22, 2017, 04:54:40 AM

being traded doesn't mean they are valuable (or worth something) it is a temporary situation on a dying market.
these coins are pump and dumps you are naming 2 of the bigger ones which makes no difference. but he is talking in general and about shitcoins. and i would argue that the screenshot he posted is misleading because those coins aren't even worth 1 satoshi because NOBODY BUYS THEM.
in fact they are listed on other exchanges and being traded with other altcoins. for example one of them is worth 0.00001 Doge you can imagine what the value in bitcoin is!
and all those "bigger" coins are big only because they have big whales controlling them but under the hood, there is no difference between them and those shitcoins that are small.

I do agree with you but being valuable or not is another side of story and maybe need another thread for discussion since how much a thing worth depends on the personal evaluation of each individual, I am just pointing out that there is trading below 1 satoshi value.

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Quote from: lionheart78 on March 21, 2017, 06:53:56 PM

-snip-

Well you haven't said that your observation is limited to Bitcoin Market only

. But there is a market beyond Bitcoin among cryptocurreny and that is altcoin to altcoin market. And getting your logic, ETH - Litecoin trade is worthless? or ETH = Monero pairs is worthless or Dash = other altcoin pairs is worthless . Seems a broken logic to me Huh

. As long as one of the pair have worth in Bitcoin and or dollar, it will never be worthless.

being traded doesn't mean they are valuable (or worth something) it is a temporary situation on a dying market.
these coins are pump and dumps you are naming 2 of the bigger ones which makes no difference. but he is talking in general and about shitcoins. and i would argue that the screenshot he posted is misleading because those coins aren't even worth 1 satoshi because NOBODY BUYS THEM.
in fact they are listed on other exchanges and being traded with other altcoins. for example one of them is worth 0.00001 Doge you can imagine what the value in bitcoin is!
and all those "bigger" coins are big only because they have big whales controlling them but under the hood, there is no difference between them and those shitcoins that are small.

pinkflower

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Quote from: deisik on March 21, 2017, 01:11:55 PM

Quote from: pinkflower on March 21, 2017, 07:37:46 AM

How can more whales be created as fast as they are destroyed? If you could show proof that its happening and also make us see how its happening, that would be appreciated by a lot of us whos willing to learn. And how could that happen in a system where whales mostly buy and hold BTC?

How come you also said that theres no such economy in BTC. A lot of people will disagree with you

In fact, it is not me who should first prove that whales are actually created in the first place

Im confused. You said this in another post:

Quote from: deisik on March 20, 2017, 03:45:57 AM

But since there is no such economy in the first place, there is nothing to ruin in the second. In respect to purely financial markets and Bitcoin more specifically, new whales are born as fast as they are destroyed (just like virtual particles in physics) since this process works in reverse as good as it works forward. Price volatility is good for traders and they are effectively working against it, thereby limiting price fluctuations. In other words, trees don't grow to the sky, birds can't fly to the stars and Bitcoin price cannot skyrocket to the moon. There is certainly a limit to the price growth since this growth will necessarily get offset by the spike in volatility over time, i.e. with Bitcoin the volatility is increasing faster than the price

[/quote]

So I wanted for you to show us an example of how that happens in the market because it is an interesting concept.

Quote

Since it was your point, not mine, after all. It was your assumption that dumps might happen due to many new folks becoming new whales because of the prices skyrocketing. I agree with such a possibility (since this is what I'm essentially saying myself, i.e. that higher prices contribute to even higher volatility) but as I suspect, the burden of proof is still lying on you. And after you provide evidence for that assumption, we can discuss this issue further (if you feel inclined to, of course)

I dont think I said this and if I said something you might have misunderstood me or maybe you may even have made a mistake in thinking that was me. But please quote the post you are talking about then we can discuss it more. There must be a little misunderstanding. Its hard when youre not talking to someone face to face.

Idrisu

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Dump is very important in assets trading as this create opportunity for the assets to strengthen itself. For USD trading in forex because of pump and dump there are many established support and resistance level and traders analysis USA economic progress or recession through that. Bitcoin straight will be determined by it recovery process during dump and also by dumb we would know if bitcoin economic is in recession or in progress.

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Quote from: lionheart78 on March 21, 2017, 06:53:56 PM

Quote from: deisik on March 20, 2017, 12:21:46 AM

Quote from: lionheart78 on March 19, 2017, 05:06:19 PM

Quote from: deisik on March 19, 2017, 09:29:05 AM

Quote from: valta4065 on March 19, 2017, 09:20:24 AM

Not a bad idea.
I would add to that that dumps are important because they show the coin is "living".
If we had no dump what so ever how would we make the difference between a succesful coin (no dump cause no one want to let their coin on the market) and a shitty one (no dump cause no one gives a shit about buying it). Dumps regulate the price on the short term and stabilize it on the long term!

Not all dumps are born equal

With a shitty coin, no more dump can only happen when it gets sold for just 1 satoshi in whatever amounts. That essentially means that there are no buyers for that coin altogether since you can't place a bid at a zero price. All shitty coins end up there, and if it doesn't make the final dump, it means that it is not complete shit yet. Obviously, Bitcoin dumps as of late have nothing to do with such final countdowns. I never forget to repeat that the market always fools the majority of traders, and you can be pretty sure that the current consensus on the direction that the price is going to take will be proved wrong once again

It seems you have not visited several exchanges today

. After 1 satoshi there is always another market for shitcoin that can be dump to less than 1 satoshi and that would be in Litecoin market Or Dogecoin market or other altcoin market. Though it is not in Bitcoin but still it can be dump lower than 1 satoshi. Just look at Mooncoin for example. It is lower than 1 satoshi in price but still trading at Litecoin Market

A shitcoin will just end up worth nothing

1 satoshi is the lowest price that shitcoin holders can ask to sell it for (in Bitcoin), but that doesn't mean that it is worth anything at all. As I said, it is worthless, i.e. worth nothing, zero, zip, zilch, nada. So it will be the lowest possible price against any more or less decent coin (how such one shit coin could stand against another shit is a different matter, though, but it will be a waste of time anyway). That said, I don't closely follow altcoins nowadays, I have just seen a myriad of these shitcoins at Yobit exchange with empty Bid sides of the orderbook

That's pretty much sums it up

Well you haven't said that your observation is limited to Bitcoin Market only

. But there is a market beyond Bitcoin among cryptocurreny and that is altcoin to altcoin market. And getting your logic, ETH - Litecoin trade is worthless? or ETH = Monero pairs is worthless or Dash = other altcoin pairs is worthless . Seems a broken logic to me Huh

. As long as one of the pair have worth in Bitcoin and or dollar, it will never be worthless

I don't quite understand what you refer to

Just in case, I didn't say that all altcoins are shitcoins, and that was not my point altogether. On the other hand, I specifically mentioned the case of one shit coin "trading" against another such coin, so you can't possibly claim that I was referring to just Bitcoin market exclusively. What I meant to say is that if two shit coins massively hit the floor (i.e. they have the lowest ask price set at 1 satoshi and there cannot possibly be buyers), there can still be a difference in their shitness, so to speak. They can still trade against each other in a somewhat meaningful way, i.e. one coin may be purportedly less shitty than the other. But in reality this trading is meaningless since you are still basically choosing between sorts of shit and just wasting your time

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Additionally, I do believe the most recent price crash was a bit of market manipulation by large traders. As an anecdote, the rate to borrow margin on poloniex went from the typical .02 to .03 percent daily rate, to typically .25 to .45 percent, and I had one offer accepted as high as .77 percent. This suggests to me that traders were buying up as much margin as they could to trade the volatility, which I believe they created for that purpose. With how fast the price was dropping, it looked to be all shorting action with that margin. But this is also a theory.

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Quote from: deisik on March 17, 2017, 05:54:30 AM

This is just a theory, so bear with me (constructive criticism is welcome)

And this theory asserts that Bitcoin dumps like what we've seen recently (i.e. today and right after the rejection of the Winklevoss ETF by the SEC) contribute to more even Bitcoin distribution over time and will help stabilize prices in the future (read make Bitcoin growth more consistent). What real world facts is this theory based on? We know that initially there were only a few users (so-called early adopters) who held the majority of coins, so they could easily move the price by dumping their stashes (at least, some part thereof). In the case of the lack of major news (either positive or negative), the price is pretty stable right now. So the only viable explanation for all of a sudden price crashes is most likely someone dumping huge amounts of coins (maybe, the bros themselves). This causes the price to plunge (even if momentarily). It is almost certain as well that the coins dumped are bought by a lot of independent traders, and therefore the wealth distribution is set to level out eventually. That's basically why dumps are important since they are caused via massive sell-offs by a relatively small number of large Bitcoin holders and get absorbed by the market

I don't know if I buy the logic that dumps have to result in wealth equalization for the reasons stated. It takes as a given things which I don't think are a given. While one explanation for price crashes is large traders dumping a large amount of coins, I don't find that a given, though it might be the side that's the more likely explanation. But assuming it's true, I think the buyers during a crash are just as likely to be large traders as the sellers are, so this is the main reason I don't find that crashes mean a more equal coin distribution.

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Quote from: deisik on March 20, 2017, 12:21:46 AM

Quote from: lionheart78 on March 19, 2017, 05:06:19 PM

Quote from: deisik on March 19, 2017, 09:29:05 AM

Quote from: valta4065 on March 19, 2017, 09:20:24 AM

Not a bad idea.
I would add to that that dumps are important because they show the coin is "living".
If we had no dump what so ever how would we make the difference between a succesful coin (no dump cause no one want to let their coin on the market) and a shitty one (no dump cause no one gives a shit about buying it). Dumps regulate the price on the short term and stabilize it on the long term!

Not all dumps are born equal

With a shitty coin, no more dump can only happen when it gets sold for just 1 satoshi in whatever amounts. That essentially means that there are no buyers for that coin altogether since you can't place a bid at a zero price. All shitty coins end up there, and if it doesn't make the final dump, it means that it is not complete shit yet. Obviously, Bitcoin dumps as of late have nothing to do with such final countdowns. I never forget to repeat that the market always fools the majority of traders, and you can be pretty sure that the current consensus on the direction that the price is going to take will be proved wrong once again

It seems you have not visited several exchanges today

. After 1 satoshi there is always another market for shitcoin that can be dump to less than 1 satoshi and that would be in Litecoin market Or Dogecoin market or other altcoin market. Though it is not in Bitcoin but still it can be dump lower than 1 satoshi. Just look at Mooncoin for example. It is lower than 1 satoshi in price but still trading at Litecoin Market

A shitcoin will just end up worth nothing

1 satoshi is the lowest price that shitcoin holders can ask to sell it for (in Bitcoin), but that doesn't mean that it is worth anything at all. As I said, it is worthless, i.e. worth nothing, zero, zip, zilch, nada. So it will be the lowest possible price against any more or less decent coin (how such one shit coin could stand against another shit is a different matter, though, but it will be a waste of time anyway). That said, I don't closely follow altcoins nowadays, I have just seen a myriad of these shitcoins at Yobit exchange with empty Bid sides of the orderbook

That's pretty much sums it up

Well you haven't said that your observation is limited to Bitcoin Market only

. But there is a market beyond Bitcoin among cryptocurreny and that is altcoin to altcoin market. And getting your logic, ETH - Litecoin trade is worthless? or ETH = Monero pairs is worthless or Dash = other altcoin pairs is worthless . Seems a broken logic to me Huh

. As long as one of the pair have worth in Bitcoin and or dollar, it will never be worthless.

deisik

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Quote from: pinkflower on March 21, 2017, 07:37:46 AM

How can more whales be created as fast as they are destroyed? If you could show proof that its happening and also make us see how its happening, that would be appreciated by a lot of us whos willing to learn. And how could that happen in a system where whales mostly buy and hold BTC?

How come you also said that theres no such economy in BTC. A lot of people will disagree with you

In fact, it is not me who should first prove that whales are actually created in the first place

Since it was your point, not mine, after all. It was your assumption that dumps might happen due to many new folks becoming new whales because of the prices skyrocketing. I agree with such a possibility (since this is what I'm essentially saying myself, i.e. that higher prices contribute to even higher volatility) but as I suspect, the burden of proof is still lying on you. And after you provide evidence for that assumption, we can discuss this issue further (if you feel inclined to, of course)

Topic: Why dumps are important - page 3. (Read 4748 times)