Post
Topic
Board Announcements (Altcoins)
Re: [UNOFFICIAL] [VNL] Vanillacoin 0.4.0 | Instant ▱ Incentivized ▱ Innovative
by
Riseman
on 08/12/2015, 19:42:25 UTC
Anyone have any ideas when the price suppressing bots will be reversed? Or have an idea how to confuse them, or destroy them? Apart from the obvious 'buy all their coins'.. a steady price is boring trading

Are you kidding? There's no such thing as "price suppressing bots". To lower the price you have to sell coins, to raise the price you have to spend BTC and buy coins. There is no other way except doing this or tricking others into it. Bots can automate selling/buying large amounts without moving the price much so you don't have to sit there and place an order every 10 minutes. Also they can make the chart look like it's all red/green. Look at DASH on Polo - a good example. It can fool only the most inexperienced traders, like the ones being attracted here by constant "this coin moon tommoro buy cheap coins buy buy buy" buzz.

The only reason for the downtrend is lack of interest and absense of outright manipulation.

We all know how this goes: one day there is "lack of interest" and the following one everybody is buying like crazy that same coin. Have a look at Ripple: last week there was not volume and price was at its lowest. What about today? And you say there is not manipulation?

I don't say it can't rise tomorrow or a year after. I say that I don't see any manipulation now. Only steady selling from miners with occasional big buys/sells from holders. Also there is a 5 BTC buy wall at 12K probably to keep the price profitable for miners to sell. Or, less likely, some big holder caring for the price of his investment. That's just my opinion.