Post
Topic
Board Announcements (Altcoins)
Re: [ANN][COYE] Coinye Coin - v3.0 ADDED BOUNTIES 50M & TWO NEW EXCHANGES
by
jereminer
on 17/02/2014, 08:10:04 UTC
Great job everyone who pitched in last night to cut down the cryptorush 1 sat buy order.

OK, I'm still fairly new to the whole cryptocurrency dealing thing so please could someone explain to me how this helps?

People offer to buy shedloads of Coinye at 1 sat and you guys rally to supply to them at that price.  That keeps the price down.

The buyers can then afford to sell again at 2 sat and still make 100% profit so the price is still low.

Wouldn't it be better to leave the 1 sat buy orders unfilled and post sell orders at a much higher price?

Or am I misunderstanding the way it works?


There is a demand for 500 million coinye at 1 sat.
We have a sell wall starting at 2 sat going all the way up 10,000,000 sat. People who want to buy Coinye immediately have the option to buy at 2 sat. & This hasen't been happening.
The people who want to invest in coinye place a buy order at 1 sat and wait for it to fulfill. & that hasen't been happening either because no one wants to sell at 1 sat.

Untill now.
we realize that we must make a sacrifice and sell at 1 sat in order for the coin to become widely distributed among investors whose primary goal is to make money of this coin.
Thus we are selling at 1 sat in order for the investors to receive what they demand.
Once a majority of investors accumulate this coin they will being to advertise this coin, they will pumped it up & they will put up higher sell orders.

This 500 million buy order is the key to coinye's success

Don't listen to that guy. It's just a trap to get all the available coin.

Nice try ...