Ninjastic
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Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
favelle75
on 23/12/2014, 02:06:55 UTC
Quote from: WaffleMaster on December 22, 2014, 10:39:08 PM
Quote from: Paul Revere on December 22, 2014, 10:35:39 PM
Quote from: WaffleMaster on December 22, 2014, 10:24:13 PM
They do realize there is MAYBE 30 Bitcoin holding up the buy orders from .0333+? I don't understand some people. It's like they think heavy whales really care to dump a price down 30% for 30 Bitcoin or less. Lol. It's seen as a victory in their eyes. "The price is rising so it means we're winning."

It is even worse than that. A couple days ago I posted something from HT where people were talking about creating a SELL wall to bring the XPY price up. That is the level of imbecility and delusion involved here.
LOL. That made my day if it was true.  Cheesy The thing about those exchanges is, the majority of trading is probably just day traders Grin so it's artificial volume at that. Real whales are waiting to dump into GAW, probably offloading a small fraction on other exchanges to hedge their risk a little bit.

The only problem with that is the availability of coins. How many coins are actually available to dump? You do realize that 90% of hashlets converted to stakers and nearly all the stakers are filled (and locked) with these Paycoins. Other than a collective group getting together, there likely ISN'T any whales that can dump and move this price. That's the beauty of a staked coin.