Topic: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS] - page 193. (Read 1009280 times)

OK what you guys are saying is that there are exchange bots that trade based only on the other coin
we are paired with, basically ignoring our price only to pump or stabilize the other coin.

Therefore causing a dump/ price crash of the other coin.
Under what circumstances do you believe the reverse happens, when do they buy zeit (or other alt coin) to have it on hand so they can use it later.

 

No Worries , everyone should make their own decisions based on what they see & believe.

 

I've been around here for some time, and every time a given coin goes up or down too much, people blame it on bots (be it Bitcoin or Zeitcoin or whatever) even though bots are always there. Personally I think the human factor is much more important than bots. But hey, this is just my opinion

It appears to be a loss, but the way LTC was crashing, it's actually an attempt to preserve capital as denominated in BTC. Yes, selling Zeit for 140 litoshi is pretty low, but if you took that LTC and sold it at .033, and then it crashed to .016 like it did, you actually came out ahead if Zeit doesn't correct. Whereas if you simply held, then you would see prices go from 9 satoshi to 6 or even down to 4.

Once the dust clears on LTC, you can buy back at MUCH better prices and then clear out the market. It might be at a "loss", but this "loss" is mitigated by the additional LTC gain you would have gotten.

I agree there are some shady dealings going on right now. And I will admit that after seeing Zeit take a tumble from being in the top 50 on coinmarketcap for several days to being pushed back down into the 80s, it was a slap in the face. We need to face facts and accept that we are likely never again going to see the dirt cheap Zeit of a few months ago. And even though Zeit is still relatively cheap, we have got to start doing more dealings in the two exchanges where we have a BTC pairing.

I made a post about a week ago for putting in some buy support at YoBit on the BTC market, which went completely ignored. Cryptopia and YoBit are both very good up and coming exchanges. If Cryptsy wants to black ball us by saying they require us to have 50BTC daily volume in order to put us back on the BTC pairing, then to hell with them. If Poloniex wants to be dicks and not respond to emails, then to hell with them. We can get the volume we need on the BTC pairing at Cryptopia and YoBit and let those exchanges reap the benefits and leave Poloniex and Cryptsy outside crying in the rain.

Just my two cents. Ignore it again if you want. But as for me, all of my trades from here on out will be with Cryptopia and YoBit.

Exchanges have arbing bots who will make profit for the exchange if elsewhere price is higher, on top of whale bots. Nothing that can be done about that.

Those who only paid attention to Cryptsy LTC pairing and not thought about BTC price if converted, probably missed the whole rise when LTC went mental but are seeing the crazy after effects of the swift pump and dump that happened.

Solarion stated his opinion here.

I noticed the same issue on cryptsy , watch the markets and make your own decision.


 

Is there any evidence of this?

Have to disagree with that part, A bot that trades for no other reason than to suppress prices even at a loss,    , as Ray mentioned a DOS attack against the primary Zeit Website around the same time as an updated wallet is released , even the attack in the past few months on BTCTalk to try and access people's PMs and personal email addresses.
If you see nothing there , OK.

But just as no one believed Ernest Hemingway when he claimed he was being watched by the FBI, everyone thought he was just paranoid, for surely that was not within the realms of reason.

FYI:
In 1983 the FBI released a 127-page file it had kept on Hemingway since the 1940s, confirming he was watched by agents working for J. Edgar Hoover, who took a personal interest in his case.
http://www.telegraph.co.uk/culture/books/booknews/8614094/Ernest-Hemingway-driven-to-suicide-over-FBI-surveillance.html

 

Dude, it's not just Zeit this happened to, it's EVERY LTC denominated coin. Look at MOON, look at TIPS, we've seen the same kind of stuff. I honestly think it was just panic sellers flying to the safety of BTC. This happens in fiat money exchanges ALL the time!

Also, if you didn't think there wouldn't be profit taking after how valuable Zeit became, you're kidding yourself. We went up to 8-10 BTC with the rise of LTC. Now we're, what, back to 5/6? After LTC took a 50% haircut? And no signs of stopping yet? Markets move other markets, and when you have volatility this is just going to happen. Nothing sinister going on here.

LTC is just going through a pump-and-dump, and LTC dump isn't over yet (or rather, the market is correcting because LTC was EXCESSIVELY over valued). As a LTC denominated coin (and this is just the reality till people realize we actually have a BTC market), when LTC goes up we REALLY go up (as you saw on our market cap ratings). And when it goes down, then we REALLY go down. Eventually this "irrational" market activity going on is going to settle down, LTC will stabilize, then we'll resume the rise. These are just odd times right now.

If you want to help Zeit, get some BTC over to Cryptopia and put in a bid order. We need LIQUIDITY over there more than anything else. If people just pay attention to the BTC market, and that market is BIGGER than all the other ones (not hard to do), then all the other markets will move in concordance with THAT one. There is SOOO MUCH cheap Zeit on the markets right now. THIS (or soon) is the time to buy.

But I do agree, we need a large exchange with BTC pairing, or at least a BTC exchange people actually use.

that makes perfect sense! Let's prepare accordingly:




Last hours action show precisely why it is better to have one more bigger exchange with BTC pairing. We won't be able to escape bots, as they are present where the liquidity is, but at least we won't be pressed against the wall by one exchange that, I would like to remind, already removed us from BTC pairing once in past, without real reason.

Don't forget the DDOS attacks during the last days.

Trading of Zeit only to lower its price hoping to crush it and dishearten it's community , not even caring if they make a profit or not. IMO that is either agents of the current monetary systems trying to destroy a new technology before it becomes too powerful and remove their control over the global community or as others have already predicted , the beginnings of the coin wars , where coin communities perform acts hoping to destroy other coins, so they will make profit by being among the surviving coins.
As they will learn in Time, Zeit will be the last coin standing over all.  

 

So much fun this week with LTC pump .. (did I not say some weeks back??)

Zeit held like a champion throughout, most impressive, until 12h ago. Which again, the LTC spiking to 0.033 (lolwut? 0.024 was target) took out a lot of buy wall .. so .. well .. thanks for the cheap Zeits today.

I need to enlist our glorious dev into maybe agreeing to make EMC2 a wallet, as mentioned some months back. Perhaps a few mil Zeits can sweeten the deal? 

No idea whose bot it is, but there's mass price manipulation going on at craptsy and anyone making their Zeit trading decisions based on craptsy trading history is making a mistake. That bot doesn't even look like it's written to try to stack more LTC.

*glares at mintcoin suspiciously*

and to think ray helped them out the grave.

No kidding! ZeitCoin has over FIVE TIMES as much volume as the next busiest LTC pairing on Cryptopia and that's without craptsy bots to manipulate prices.

If you REALLY want a good laugh look at the market history at craptsy's ZEIT/XRP ghost town. A constant barrage of micro sells to suppress the price of ZeitCoin. Who's wasting their time selling 3000 Zeit at less than half market value? Right...a bot thats been built to suppress the price.

on the bright side wow check out that volume  

I believe the LTC correction is nearly done, you can already see the "bears"(who are really just BTC/LTC bulls in hiding) already losing their appetite for LTC dumping. The USD is cratering relative to even crappier fiat and that's pushing BTC up which is in turn lowering LTC/BTC, but it won't last. BTC has performed very poorly of late(SLOW) and it's really putting the wind at LTC's back.

LTC is going to go back up nearly as fast as it dropped.

Well until LTC finds a bottom, expect more of these shennanigans to go on. BTC is the place to be right now until then. After that, there are plenty of alt-coins to buy for cheap, including Zeit.