just saying...
the book of wolong:
http://pastebin.com/cqM71kesPosition Building
There are multiple ways to build a position. This is the stage where we will
require a significant amount of market share to do pumps. The most
common method will be micro buys. Through placing of buy order in
relatively small amounts, it avoids driving up prices and also masked our
existence. Some alternate coins, however, has really low amount of volume,
and it will take ages to build up our position through mThe Book of WolongThe Book of Wolongicro buys. In such
cases, we will be force to do a pump up, to encourage sellers. Pump waves
will be gradually decreasing, smaller and smaller, forcing out all sellers so that
we can have what we want - market share. This has happened many times
infact to date, such as Doge/BTC, UNO/BTC, Dev/BTC and GLC/BTC.
Suppressing prices
Contradicting isn't it? That we are willing to pump altcoins up a few times of
it's value worth before driving down it prices. And yes, like I have stated
earlier on, prices does not matter to us as long we can sell higher. However,
like every other business on the industry, everyone would want their costs to
be as low as possible. In this very stage, we will pile up whatever we have
bought, to suppress prices as much as possible through sell walls so that we
are able to do our buying cheap. Our sell walls are usually just enough to
appear as though as it's the invisble hands of the market, minor supply over
demand.
.........
........
Whales hate weak hands, they do not act as any form of
support for us during a pump, and we will are always determine to get rid of
them in the early stages, no matter how long it takes.
I noticed that thing like today always happen on sundays. Most likely on early evenings (europe time).
Its strange cause thats the only time in the week no one is at work and all businesses are closed.
Asians are still sleeping and the others enjoy sundays.
So hard to believe for me that a whale (like a bank or similar) causing all this changes in price.
http://www.the-numbers.com/video/Wall-Street-2/Wall-Street-2-poster.jpgSome trolls here still try to deny that he is using the oldest trick ever aka buy everything up below your sell wall...
A lot of people/trolls here probably don't even know such a trick exists.
more fun?
I own this market!
I can understand using leverage if you have the ability to do so, but doesn't there come a point where you want to encourage the Bitcoin community and keep a positive sentiment for the sake of long term success? "With great power comes great responsibility" so the saying goes. There are many people that are new to Bitcoin that will be scared away from investing their time and resources in it just from "games" being played. We don't want to lose these people. They are valuable to growth and sustaining the market.
is not important whilst having a megalomanic coke rush!
My god please stop with the Jack Nickleson gif.
Also, why does everyone keep posting the btc address for the film?
to show(prove) that torrents and donations is a viable alternative to the traditional way the movie industry makes money.
(I red somewhere that this is also endorsed by the filmmakers but they they can't say so publicly because of contract with production house)
I agree that it is a viable (and much much better) alternative. However I don't care about the industry, I care about the actual creative people behind the film.
hence the donation adress provided whenever someone posts the torrent or stream.
So the creative people get rewarded instead of apple and other middlemen
My opinion is that bitcoin's huge flaw in regards to regular consumer usage is that two of its major benefits both work in favor of the merchant.
Can't reverse transactions: benefits the merchant, makes it harder for them to get ripped off, but easier for the consumer to be ripped off, or to force them to accept what could be an inferior product with no guarantee of a refund.
Much cheaper on fees: benefits the merchant. Consumers don't pay fees on credit cards or cash, anyway, except interest fees for CC's when you don't cover what you bought, but that's fair because you're borrowing money from the issuing bank. In fact, the consumer will see a fee where they wouldn't with other methods, as they have to pay the fee when they send the bitcoins.
I don't really see the issue on your first "flaw":
-When I need to RMA something I don't contact my creditcard company but the merchant.
-Merchant regulation ( example:The law in Belgium states things bought online can be returned for free up to 14 days after delivery no questions asked)
- Merchants offering the best return policies and the best trust ratings would be another tool to compete with the competition.
It's nothing a free market can't resolve on itself.
And cc fees are calculated into your purchasing price....
