Re: LIVE|MidasCoin|Backed|New Scrypt PoM|ATM card|Referral|NO IPO|UNIQUE
My god,the coin is undervalue now.... Yeah it's getting killed on Bittrex. I'm holding about 2500 and I'm not a happy camper at the moment.
What will be this coin if situation dont change?
Why ppl sell at this price if it's guaranted ? There is no sense
Yes, why are people selling and missing out on 50% of their profit? There's no sense in that.
People were selling as low as 17k satoshi, we're backing the price at 33k satoshi. That's pretty much 50% loss.
Something wrong 0.0, i know crypto world are unlogic, but i never know it's at this point.....
or meybe there is something behind this
This was posted in the LitecoinDark thread.
About Bittrex. Just as curiosity.
I have noticed the deliberate bot pattern there.
I have checked many other quite new born or emerging cryptocurrencies which main trading exchange is Bittrex (sometimes they have some 2nd on or 3rd one like Cryptsy or Poloniex but the trade colume there is lower).
It appears that Bittrex bots tend to lower prices down to hover around certain BTC prices, ranging between
0.001, 0.0001, 0.00001, 0.000001, 0.0000001 BTC
up to
0.0014, 0.00014, 0.000014, 0.0000014, 0.00000014 BTC etc. (if the price is a bit larger than the decimation of 0.1 then it seems to be, because there is an interest in buying this certain cryptocurrency).
It seems self evident that prices very seldom reach more than these, like for example 0.00015, 0.000017, 0.0000016, 0.00000018 etc.
When this happens, it is becasue of sudden large amount of coin being purchased within short period of time. Then bots bring the price down again.
They use these bots delieberately to have the smallest prices to compete with other exchanges.
http://bitinfocharts.com/markets/
Just some of the examples:
NAUT 0.00012 BTC (Main exchange Bittrex)
MMXIV 0.014 BTC (Main exchange Bittrex)
CANN 0.000012 BTC (Main exchange Bittrex)
ROOT 0.00014 BTC (Main exchange Bittrex)
CLOAK 0.00015 BTC (Price on Bittrex)
XC 0.0014 BTC (Main exchange Bittrex)
BTM 0.0014 BTC (Price on Bittrex)
VRC 0.00013 BTC (Main exchange Bittrex)
START 0.00011 BTC (Main exchange Bittrex)
BTCD 0.012 BTC (Price on Bittrex)
BC 0.00015 BTC (Main exchange Bittrex)
VOOT 0.0000011 BTC (Main exchange Bittrex)
TRUST 0.0000015 BTC (Main exchange Bittrex)
And many more...
In 80-90% of cases Bittrex offerrs the lowest prices in the market from all major exchanges out there.
I recommend abandoning this exchange and move to other exchanges like Poloniex, BTC-E anbd maybe even Bitter...
That's for the sake of your cryptos. Unless you are a speculant and spend thousands of BTC buying cheap cryptos on Bittrex and selling on another...
I have noticed the deliberate bot pattern there.
I have checked many other quite new born or emerging cryptocurrencies which main trading exchange is Bittrex (sometimes they have some 2nd on or 3rd one like Cryptsy or Poloniex but the trade colume there is lower).
It appears that Bittrex bots tend to lower prices down to hover around certain BTC prices, ranging between
0.001, 0.0001, 0.00001, 0.000001, 0.0000001 BTC
up to
0.0014, 0.00014, 0.000014, 0.0000014, 0.00000014 BTC etc. (if the price is a bit larger than the decimation of 0.1 then it seems to be, because there is an interest in buying this certain cryptocurrency).
It seems self evident that prices very seldom reach more than these, like for example 0.00015, 0.000017, 0.0000016, 0.00000018 etc.
When this happens, it is becasue of sudden large amount of coin being purchased within short period of time. Then bots bring the price down again.
They use these bots delieberately to have the smallest prices to compete with other exchanges.
http://bitinfocharts.com/markets/
Just some of the examples:
NAUT 0.00012 BTC (Main exchange Bittrex)
MMXIV 0.014 BTC (Main exchange Bittrex)
CANN 0.000012 BTC (Main exchange Bittrex)
ROOT 0.00014 BTC (Main exchange Bittrex)
CLOAK 0.00015 BTC (Price on Bittrex)
XC 0.0014 BTC (Main exchange Bittrex)
BTM 0.0014 BTC (Price on Bittrex)
VRC 0.00013 BTC (Main exchange Bittrex)
START 0.00011 BTC (Main exchange Bittrex)
BTCD 0.012 BTC (Price on Bittrex)
BC 0.00015 BTC (Main exchange Bittrex)
VOOT 0.0000011 BTC (Main exchange Bittrex)
TRUST 0.0000015 BTC (Main exchange Bittrex)
And many more...
In 80-90% of cases Bittrex offerrs the lowest prices in the market from all major exchanges out there.
I recommend abandoning this exchange and move to other exchanges like Poloniex, BTC-E anbd maybe even Bitter...
That's for the sake of your cryptos. Unless you are a speculant and spend thousands of BTC buying cheap cryptos on Bittrex and selling on another...
Maybe something is up with Bittrex. You guys might consider trying to find another exchange.