Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | No Premine | Hard Fork At 34140 (DGW)
by
jl777
on 18/03/2014, 23:11:45 UTC
There's still some major price manipulation going on at Cryptsy on DRK by bots Undecided
I take my words/thoughts back.

I observed the trade very closely today, and i come to realize and admit-
THERE IS someone dumping drk, pushing the price down, slowly but surely.

Selected trades-
Date                          Type   Price (BTC)    DRK Traded   Total BTC
2014-03-18 16:50:13   Sell   0.00120000   1500.00000000   1.80000000
2014-03-18 16:46:05   Sell   0.00120000   913.15919194   1.09579103
2014-03-18 16:40:57   Sell   0.00122500   989.39596359   1.21201006
2014-03-18 16:37:58   Sell   0.00122500   2000.00000000   2.45000000
2014-03-18 16:37:30   Sell   0.00122500   706.94809415   0.86601142
2014-03-18 15:59:43   Sell   0.00122500   2821.33073146   3.45613015
2014-03-18 15:16:36   Sell   0.00123544   959.87189267   1.18586413
2014-03-18 14:52:30   Sell   0.00123999   498.97214965   0.61872048
2014-03-18 14:45:32   Sell   0.00123544   400.00000000   0.49417600

Althouygh I must admit that since most of us here are realy keen on this coin and hold our coins closly, this guy is going us a favor helping distribute the coins to more people.  Smiley

But coming back to the price manipulation, even if we exaggerate to assume he has 200k coins (6% of all coins circulated), and he dumps 10k coins every day (he dumped over 6,000 coins in the past hour), then he will be out of coins in 20 days...
I estimate that's exactly when we will be set to launch from beta into open source...
as the saying goes - "bring it on..."
he could have 30% of coins...