Quote from: demgains on August 09, 2014, 12:17:39 AM

Quote from: 88flaminchevy on August 08, 2014, 11:57:14 PM

Quote from: G-Bert on August 08, 2014, 11:48:04 PM

Quote from: 88flaminchevy on August 08, 2014, 11:33:47 PM

Quote from: demgains on August 08, 2014, 11:22:47 PM

Quote from: 88flaminchevy on August 08, 2014, 11:17:27 PM

Quote from: policymaker on August 08, 2014, 11:08:48 PM

I really don't think that is mike, because we have seen how easily XC can be pumped, and how much more expensive it can be, I really don't think they would play with cents when they can probably play with whole dollars if you get what I mean.

Whole dollar coins gets you a lot less coins. That's part of my point. He basically said without coming staight out and saying it, he can only afford to control price of XC because our coins are cheaper. He's also picking XC because XC is a great coin and people will believe the price is climbing because of that. He can't manipulate price of a shit coin that costs nothing because people won't buy into the price climb. Also he can't do it with something like BTC because he doesn't have enough capitol to make a difference.

unless his investors are also familiar with the crypto world, I stongly doubt he and his investors will have much of an influence on the price. Alot of people are skeptical about investing into bitcoin, now they are supposed to invest into an altcoin thats only been around for 2 months? You won't find any legitimate investors willing to pool in millions to get into XC atm. I'm sorry that's just silly.

Hilarious! You ever seen a panic buy or panic sell? People make irrational decisions all the time! Also, your dealing with kids. There is a huge amount of kids buying as selling coins. It's actually scary when you think about it. Kids don't handle money the same way educated adults do. I meet a 14yr old kid about a month ago that was more invested than me and a group on my friends combined. He was talking to me about it like it was a game. He was saying how him and his friends trade during lunch at school. Just think about that for a second. Your asking kids to make the same decisions you would.

Just out of interest, how invested was the kid?

He claimed $80K. Told me he convinced his parent to let him invest his college fund and he borrowed some money from his grand parents. Told me all his friends were doing the same thing. Maybe he's going to make a million dollars or maybe judging by the way he was talking about it, he will loose it all being stupid and blame his parents for letting him do it. The impression I got from him was, he just wasn't talking the money very serious, like it was a game he plays on his Xbox.

I dont believe this. While there are some kids out there that are smart, I was also into alternative sources of income around 15-16 and I lost almost a thousand that I saved up investing into things that seemed legit. If that is the case, their parents are either rich and they can afford to give their kid that kind of money to have fun with, or he lied to you and maybe play with a couple hundred bucks, maybe a few thousand.

If he was an early investor of BTC, that might makes sense, but I can't see any sensible parent letting their kid 'invest' 80k by doing day trades. Thats not really investing, thats more like playing with fire. Investing is buying an altcoin and holding (but that is a huge risk in itself since most of them are scams)

in most cases, young kids will lie to make themselves look more mature and cooler. I did this alot, and this is probably what is happening here

He told me he bough a few thousand dollars worth of BTC when it was under $100 and sold when it hit $400. He used his lucky gamble to convince his parents it is possible to make a lot of money. He also said his parents don't know his grandparents lent him money so they don't really know what kind of funds he's working with. Maybe your right and he's just lying, but I was pretty surprised how much he knew about BTC and Alt coins for only being 14.