Quote from: iozen on January 20, 2014, 12:09:07 PM

Quote from: GoldenChalice on January 20, 2014, 11:38:02 AM

Quote from: iozen on January 20, 2014, 11:27:02 AM

Quote from: GoldenChalice on January 20, 2014, 11:13:51 AM

Doge is at 140 now. I could now have 1.44 bitcoins back in my hands. I completely regret leaving Doge.

Takes time and patience, gotta hold. Nice to see it going up finally, I have some Dodge, but no plan to sell anytime soon. However I noticed the multi-pools are starting to point the guns there, they're going to beat it up again. Undecided

They seem to be leaving 42 alone at the moment, tho.

What are multi-pools compared to regular pools?
How can you tell that they pointed their guns are Dogecoin?

Multi-pools point everybody to whatever looks the most promising "at the moment" with the only goal of selling it as quickly as it's mined regardless of price. So it dumps a bunch of coins for little profit and drives the price into the dirt.

You can tell because

1. You can see the massive rise in hash power on the coin pools, like it was with 42 last week, it was so bad you could barely stay on a pool at one point.
2. You can see what the multi-pools are pointing at. Example -> www.multipool.us
3. You can see where they got their information. Example -> www.coinchoose.com

It's very similar to day-trading on the stock market.

The bad part is, that when these people drive the price down, it hurts everyone else who invested money into the coin and they have to wait longer for returns. They just pro-long it however, and they will be back, they are like roaches, but there's usually a window to get returns if you hold, because don't forget ... when the going gets good, and you get your returns, they end up stuck for a bit while the price drops, because they have to mine. Cool

Hope that helps, if I got anything wrong, someone feel free to correct, but that's the basics.

It helps a lot.