Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.5 Released!
by
clappen
on 29/01/2014, 23:19:09 UTC
I suggest not to pay too much attention to the charts. it's just pump & dump. it may spike up, and it may spike down. the volume has lost over 50% in the last days on cryptsy. it just looks like no "regular" ppl want to buy at those prices. so we might have small 10-15satoshi windows to trade with. but it may also be, that the big guys dump soon, to cash out, because the market is too slow atm.

A bigger problem is, yes, that this is a unregulated market, which means that whales (could) manipulate the price very fast and quick, but nevertheless Ive found out that TA's is very applicable in cryptos. Ive been doing this for bitcoin, with much succeed and for the past days for doge, and mostly the TA's correspons to the charts. I think many whales uses TA's (doh!), but then there's those greedy bastards that dump and pump for quick dollars. Not really good for the market.

And we just rocketed past 190. wonder where this will leave us.  Grin Cheesy