Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
by
SackofBits
on 26/03/2014, 04:52:50 UTC
someone dumped 218000 bc on that 22 btc buy order was fun to watch

I can almost guarantee that it was the whale selling to himself to help create this volume. It's funny that someone puts up that buy order and someone magically comes with the exact amount to fill that order right when it was placed.

If you watch the order book long enough you will see that he is filling most of these orders himself.. 0.008311, than 0.008312, 0.008313  etc etc. all around the same amount of BC over and over again.. it's clear a whale is just here trading with himself. Then all of the sudden after 30 min of heavy trading there is no trades at all for a few min. and everything comes to a halt.. then the "heavy" trading will continue shortly after again.  I think BC has a future and I think this coin will increase in value but there is someone or some people with big money controlling this.

Don't know.. what would be the point? That's losing 0.13 BTC just in trade fees.

I think 0.13 is pocket change compared to what he really makes off this... it just seems highly unlikely that someone with 200K+ BC is hanging around waiting for someone to place a single buy order with that amount and dumps it all instantly as soon as it pops up. I mean really?  I don't know I could be wrong but I been staring at these trades for a while the past couple days and it's clear to me the trades are really fishy and price is being manipulated up and down.