It's weird how easy this must be for whoever is doing this price manipulation. Buy up X amount, everyone thinks it is a good investment, then sell at a profit. Whoever is behind this has probably already made a few thousand in profit.
RE: BitcoinPlus(XBC) up 3000% three thousand percent, BitcoinDark(BTCD) up 300%! let's f*ck up some comma's!
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BitcoinPlus(XBC) up 3000% three thousand percent, BitcoinDark(BTCD) up 300%! let's f*ck up some comma's!
ok that might be it, we will see, its still logical that the prices are just going up from lots of new interest and investors learning how to open poloniex and other crypto exchange accounts, using bitcoin ATMs localbitcoins to buy em, etc, its great, its healthy, coins are FINITE and only SO many go around so their price will keep going up! Noone had been trying to talk about bitcoindark or bitcoin plus it could be organic couldnt it? arent people just buying up all the cheap coins before they are all over $1 ?
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I doubt it is organic. It shot up too quickly for it to be natural and there was no announcement or reason for it to suddenly attract interest. When I replied to your post, it had 6xxx sell orders and 2xx buy orders. The prices have dropped, and the sell orders are now at 11xxx and the buy orders are at 1xx. A person or a group bought a lot of the coins, the market saw this, threw money at it blindly thinking it was going to make them rich, then that person or group sold the coins at a profit.
Basically, a lot of people just lost money while a person or group made some good money for a day's work. I am fairly certain there has to be a stock market phrase or name for this kind of event, but the people who are investing in coins at the exchange do not seem to understand how a stock market works.
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