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post #12411 of 22509
So a 41 btc wall at 300 means they will buy all the doges at that price so it can't go higher? I'm just a bit confused.
post #12412 of 22509
Quote:
Originally Posted by ccRicers View Post

Haha wow, Cryptsy pulled DOGE from its trading list again. They didn't learn their lesson from last time to pony up the resources to handle more volume.

It is quite possible they are just reupdating the wallet... They recently regressed to an older version (I forget why). If that is the case, it would have been nice to know ahead of time though frown.gif
post #12413 of 22509
Quote:
Originally Posted by CravinR1 View Post

So a 41 btc wall at 300 means they will buy all the doges at that price so it can't go higher? I'm just a bit confused.

A Wall basically makes it so people who have a couple BTC of holdings can't raise/lower the price. It establishes that 'I am the large buyer here, and I say I am willing to buy/sell at this price, I hold a majority that is being exchanged right now, and therefore this is the new equilibrium price (for the moment, until the wall is removed)' <= This is from the perspective of the person putting the wall up, I do not have quite enough BTC to wall....yet.

If the person putting up the wall wants the price to rise, they will remove their wall when the price reaches it (For example 300 right now), and allow people to buy through it, (usually establishing a wall on the backend so the price does not fall)

Edit: To have an effective wall you need to have a large holding of Both BTC and Doge, which means there are few people who can actually use this technique. This is what the infamous 'wolong' was doing with Doge, setting up and tearing down walls. He got a little more credit then he actually deserved though biggrin.gif
Edited by blkdoutgsxr - 2/11/14 at 11:34pm
post #12414 of 22509
Quote:
Originally Posted by deathlikeeric View Post

best pool for leafcoin?

To add something to my last post:

Here's a current list

https://bitcointalk.org/index.php?topic=430091.0
post #12415 of 22509
Quote:
Originally Posted by blkdoutgsxr View Post

Capitalism... Supply and demand. We will buy a 600 dollar 280x to mine on, so they will charge that. Who are the real losers? those poor poor computer gamers!

I know, I just wish people weren't so greedy.... frown.gif it would be great if we could all stop buying GPUs from these guys for a month or however long and see if the prices drop. Then just buy out all of the GPUs and then they go up in price, wait awhile, rinse and repeat. Oh in a perfect world... lol
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post #12416 of 22509
Getting really fed up with Cryptsy, been trading there for a long time, but this recent crap with DOGE takes the cake.
post #12417 of 22509
Quote:
Originally Posted by blkdoutgsxr View Post

A Wall basically makes it so people who have a couple BTC of holdings can't raise/lower the price. It establishes that 'I am the large buyer here, and I say I am willing to buy/sell at this price, I hold a majority that is being exchanged right now, and therefore this is the new equilibrium price (for the moment, until the wall is removed)' <= This is from the perspective of the person putting the wall up, I do not have quite enough BTC to wall....yet.

If the person putting up the wall wants the price to rise, they will remove their wall when the price reaches it (For example 300 right now), and allow people to buy through it, (usually establishing a wall on the backend so the price does not fall)

How do you wall to prevent falls ? Seems putting a lower "wall" would auto drop the price to the lower wall ?
post #12418 of 22509
The market is back up on Cryptsy!
post #12419 of 22509
Quote:
Originally Posted by ALUCARDVPR View Post

Getting really fed up with Cryptsy, been trading there for a long time, but this recent crap with DOGE takes the cake.

Just hope the server isn't slowly burning away! throwing sparks everywhere & sending all the Doge up in smoke! eek.gif

Seems really strange the way it all just disappeared?

An announcement would be nice though rolleyes.gif
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post #12420 of 22509
Quote:
Originally Posted by CravinR1 View Post

How do you wall to prevent falls ? Seems putting a lower "wall" would auto drop the price to the lower wall ?

You have to put up both buy and sell walls. So on the low end you put up a wall saying "I am willing to buy 100mil doge at this price" and on the high end you say "I am willing to sell 100mil doge at this price" creating a gap for the market to move slightly in... The huge orders on the buy end and the sell end are likely owned by the same person trying to establish a price and move it in a particular direction, once the price approaches their wall, they pull out the orders, and move them up. The new established price is higher. (or can be lower if they are trying to move the market downward)
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