Why Miners are dumping DogCoins ? | Bitcointalksearch.org

Cygnify

full member

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Quote from: mkmen on December 20, 2013, 05:31:00 AM

I can understand the miners, but what I don't understand is how many people are that stupid to actually buy this for their BTC?

Actually I took a risk with my btc and bought a stack and sold them for double what I bought at in three or four days. Was a big risk tho, they rate that coins are being handed out via mining this coin will ultimately devalue them pretty fast.

mahieddine

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Quote from: NUFCrichard on December 20, 2013, 05:32:18 AM

Quote from: mahieddine on December 20, 2013, 05:15:59 AM

Quote from: NUFCrichard on December 20, 2013, 05:13:07 AM

It was a funny idea for a coin, but people tend to get more serious when real money is on the line.
Much fun, very coin... what my coins are worth $1000, sell sell sell!

I don't think a guy who sell 1 millions shitty for 1 cent is serious ....
i Know many people also who sold there bitcoin at the time for 4 box ... better 1000$ or 1000000$ ?

Dogecoin is not bitcoin.

People also said litecoin is not bitcoin, sexcoin is not bitcoin....at the end of the day the market are the judges

Quote

I can understand the miners, but what I don't understand is how many people are that stupid to actually buy this for their BTC?

Because if DogeCoin raise with 1 cent the gain is huge if you have millions of doggies

jubalix

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yawn non dogecoin holder FUD

dimitriyremerov

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There are a lot of profit miners, they don't care which coin to mine, as long as it's the most profitable. They don't kwow about DOGE concept, they don't know what it will cost tomorrow and they don't want even to think about it, all they see is only source of profit. When it was added on Cryptsy, it was also added on coinwarz and so the mine-for-profit begon.

NUFCrichard

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Activity: 1218

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Quote from: mahieddine on December 20, 2013, 05:15:59 AM

Quote from: NUFCrichard on December 20, 2013, 05:13:07 AM

It was a funny idea for a coin, but people tend to get more serious when real money is on the line.
Much fun, very coin... what my coins are worth $1000, sell sell sell!

I don't think a guy who sell 1 millions shitty for 1 cent is serious ....
i Know many people also who sold there bitcoin at the time for 4 box ... better 1000$ or 1000000$ ?

Dogecoin is not bitcoin.

mkmen

full member

Activity: 157

Merit: 100

I can understand the miners, but what I don't understand is how many people are that stupid to actually buy this for their BTC?

Puppet

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Merit: 1040

Quote from: mahieddine on December 20, 2013, 05:13:19 AM

were many buyers willing to pay between 0.01 and 0.08 for 1 DogeCoin,

Clearly not as much as there were sellers. If you want the price to go up so high again, buy more, why dont you?

mahieddine

newbie

Activity: 42

Merit: 0

Quote from: NUFCrichard on December 20, 2013, 05:13:07 AM

It was a funny idea for a coin, but people tend to get more serious when real money is on the line.
Much fun, very coin... what my coins are worth $1000, sell sell sell!

I don't think a guy who sell 1 millions shitty for 1 cent is serious ....
i Know many people also who sold there bitcoin at the time for 4 box ... better 1000$ or 1000000$ ?

mahieddine

newbie

Activity: 42

Merit: 0

Quote from: San1ty on December 20, 2013, 05:10:21 AM

Lol because there are 100.000.000.000 dogecoins maybe...
You can't keep a currency virtually overpriced like that.

Don't you know anything?

I Agree ... and that's the point we had a unique chance to push the price very high and they ruined it...

Quote

When a new coin is introduced you allways see that the first few trades are high. Probably because the supply of coins at the exchange is low and price still has to find its level.

Yes but believe me are were many buyers willing to pay between 0.01 and 0.08 for 1 DogeCoin, so i don't get it when you see that the first trade is at 0.01 and you come and sell for 0.00000000000000X i don't get the point here ....

NUFCrichard

legendary

Activity: 1218

Merit: 1003

It was a funny idea for a coin, but people tend to get more serious when real money is on the line.
Much fun, very coin... what my coins are worth $1000, sell sell sell!

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

Quote from: mahieddine on December 20, 2013, 05:03:53 AM

We had all the conditions to push the prices very up and what happen ? people are coming and dumping millions of dogecoin for nothing...i don't why

Because it's an obvious pump & dump.

San1ty

sr. member

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Lol because there are 100.000.000.000 dogecoins maybe...
You can't keep a currency virtually overpriced like that.

Don't you know anything?

mvdheuvel1983

sr. member

Activity: 1022

Merit: 368

Quote from: mahieddine on December 20, 2013, 05:03:53 AM

Hi,
The day cryptsy introduced DogeCoins it was valuated at 0.02 BTC and actually there has been 4 trade that got filled at a price between 0.01 et and 0.08 BTC that day. but after few minutes miners came with millions of dogecoin and started dumping it for fiew cents...so the question is why the hell miners are doing this i mean we had all the market conditions to push dogecoin to the moon literally :

- All CryptoCurrencies were negative except DogeCoin
- People were so happy about DogeCoin and everyone want to be a part of it
- All the press talked about it
....

We had all the conditions to push the prices very up and what happen ? people are coming and dumping millions of dogecoin for nothing...i don't why

When a new coin is introduced you allways see that the first few trades are high. Probably because the supply of coins at the exchange is low and price still has to find its level.

theomoplatapus

sr. member

Activity: 322

Merit: 250

A big percentage still haven't. Including me.

mahieddine

newbie

Activity: 42

Merit: 0

Hi,
The day cryptsy introduced DogeCoins it was valuated at 0.02 BTC and actually there has been 4 trade that got filled at a price between 0.01 et and 0.08 BTC that day. but after few minutes miners came with millions of dogecoin and started dumping it for fiew cents...so the question is why the hell miners are doing this i mean we had all the market conditions to push dogecoin to the moon literally :

- All CryptoCurrencies were negative except DogeCoin
- People were so happy about DogeCoin and everyone want to be a part of it
- All the press talked about it
....

We had all the conditions to push the prices very up and what happen ? people are coming and dumping millions of dogecoin for nothing...i don't why

Topic: Why Miners are dumping DogCoins ? (Read 3369 times)