Quote from: Bitcycle on September 15, 2014, 03:29:34 PM

Quote from: Thistleblower on September 15, 2014, 03:27:44 PM

Quote from: SirZelmer on September 15, 2014, 11:02:41 AM

Is it a good time to invest in Doge?
What do you think?

It's probably a very bad time to buy. The enormous volume (4000 btc plus in 24 hrs on Cryptsy) suggests a deliberate strategy. High volume and stable low price suggests laundering. A fast and effective way of anonymising BTC by currency hopping. But to work it needs price regulation to avoid the risk of huge swings. So buy up a significant portion of the currency, and let the price settle back to a nice steady progression. Fluctuations can then be controlled with selective buying and dumping.

Eat your heart out Dark Cloak Crypt etc.

You win the prize for dumbest theory about the weekend bubble.

So what's yours? In all the time I've been watching cryptsy I've never seen a single coin do more than a tenth of this volume. 4653 BTC in one day is staggering.