Quick Update – Dogecoin Wolong Spike Up from 50 Satoshi to 85+ Satoshi

There was this guy that came into the IRC channel last night and started saying how he can manipulate the price of the coin. We all didn’t believe him until it started happening. He claims to have over $10 Million USD to invest from his investors into DOGE. I have been watching it and I feel like it may pop or shoot up. TO be safe I have invested about 50/50 DOGE and BTC. But here is the chat from last night. Hes definitely playing games. Sit tight fellow shibes. Lets ride this out and see what happens.

[-wolong-]: More common in china lol
poordoge: psychological warfare
[-wolong-]: ok putting it simple
TheDoctor: heh
[-wolong-]: let’s say price is at 80 now
[-wolong-]: 50 BTC sell walled up
[-wolong-]: what i do is simple
[-wolong-]: that 50 BTC is mine
[-wolong-]: i clear that shit up
dubaiss: lol
[-wolong-]: 50 btc, that will trigger massive buy ins
dubaiss: > so easy
[-wolong-]: and then people will buy at 81 BTC 82 83
Tuxedage: Clever.
Tuxedage: Incredibly so.
Deadhand: ok
Tuxedage: One would think you would put a 50 BTC buy wall instead.
[-wolong-]: i will have some small orders up there
TheDoctor: hopefully thas all they got
ReservoirDoges: [-wolong-] so you remove the 50 btc sell wall? or you buy your own wall?
[-wolong-]: that is where my orders get bought
Tuxedage: But you’re actually doing the opposite
TheDoctor: b/c they could feed the wall
[-wolong-]: and then I will place high bids at 81 again
[-wolong-]: or 80
Deadhand: mmm
[-wolong-]: and act as a new form of support
[-wolong-]: This is how i substain prices
[-wolong-]: and move prices
[-wolong-]: and also benefit from a few spread
coj_satoshibe: Tuxedage: he probably as a buy wall as well
[-wolong-]: ReservoirDoges: i have to buy the wall
Tuxedage: [-wolong-], were you ever trained in TA or market pricing?
[-wolong-]: to create the delusional effect
[-wolong-]: sopmeone is BUYING HUGE on 50
Tuxedage: Or is this all based on your own research?
[-wolong-]: but the real fact is
[-wolong-]: im just selling to myself
[-wolong-]: Tuxedage: as mentioned earlier, I am a forex and stocks trader
[-wolong-]: 7 years of experience
coj_satoshibe: all that volume you see on cryptmarketcap is just wolong selling to himself lol
== paston [[email protected]] has joined : heDoctor
: -wolong-]: and picking everything up in between
ReservoirDoges: Tuxedage, just learning from the experienced haha
poordoge: how much fees has you given to cryptsy doing that lol
[-wolong-]: by doing this, i don’t add up unneccessarily extra amount of doges to my reserve
Deadhand: makes sense wolong
Deadhand: now there’s like 20 BTC on 83
[-wolong-]: or neither do i have to incur buying at higher prices everytime i move price
Deadhand: er, 84
Deadhand: 10 on 83
[-wolong-]: i just need to pay 0.2% fees
coj_satoshibe: 0.2% buying, 0.3% selling
[-wolong-]: what’s safer? pay 0.2% fees or hog up tonnes of doges, gaining more exposure
[-wolong-]: ๐Ÿ˜›
== fake2 has quit : Stallman
: nd I’m still waiting for Cryptsy to release my funds.. as I’m sure everyone else is
TheDoctor: the fees get balanced out with the rise in price
TheDoctor: easily
k33k: brb buying cryptsy fee shares lol
[-wolong-]: taking up orders on 81 82 83 might cost me 20 BTC, draining 20 BTC of shit
[-wolong-]: but clearing 50 BTC? left hand to right hand?
[-wolong-]: 0.5% of 50 BTC
[-wolong-]: cost me 0.25 btc
TheDoctor: not too bad
[-wolong-]: that’s the maths
the_mad_crapper: [-wolong-]: thats more money that i have in cryptsy
== sloperd [[email protected]] has joined : he_mad_crapper
: .25
the_mad_crapper: =p
poordoge: haha
fyrstikken: [-wolong-]: I hope I am your cryptsy-referance : cf6aef7e16a812be73366dac7e3a777233a4a7c5
[-wolong-]: so now everyone understand how shit works right?
ReservoirDoges: hmmm… so it wouldn’t work just removing the sell wall and placing a buy wall at that price right afterwards? e.g. removing a 50 btc sell wall at 80, then placing a 50 btc buy wall straight after?
TheDoctor: what happens if someone pops up in the middle and sucks it all up on the way to the other hand?
specialdoge: yes
[-wolong-]: fyrstikken: i have accounts link to one another reference for rebates
[-wolong-]: lol
fyrstikken: lol
poordoge: i didnt know wolong until yesterday
Deadhand: hahaha
[-wolong-]: TheDoctor, that is known as the battle of the bankers
Tuxedage: ReservoirDoges, I have a lot of theoretical knowledge about market pricing/forex/trading
[-wolong-]: if he takes up my 50
TheDoctor: right right
[-wolong-]: either i cap prices
Tuxedage: but very little practical experience
[-wolong-]: and he buys all i have
[-wolong-]: or
Tuxedage: I find this all very fascinating.
[-wolong-]: i don’t move price forcing him to sell out

 

TO THE MOON!

Much loss. Very sad. Such lacking support. Goodbye Coins-E, Hello CoinedUp

A few days ago I posted a follow up to my Crypto Currency adventures. I had recommended Coins-E for an exchange at the time after Cryptsy had utterly failed me. I had been happy with Coins-E but what happened is they had a fork happen with their DogeCoin block chain. The easiest way to explain is that now I have over 130,000 DOGE that are lost in an alternative parallel universe. Now if their admins got off their butts and did something to fix this I may get my coins back. However after reading other peoples tweets and posts on Reddit it seems that their support is unresponsive in all the ways (tickets, email, twitter, etc).

What now? Well I am still mining DOGE to make some extra cash and have fun with the Crypto currency and I have since moved to CoinedUp. They are a FREE exchange that has a much better track record than Cryptsy, Coins-E, and BTER. I am going to use them and if I have any issues I will definitely post a follow review on them.

To the Coins-E admins if you could send me back my 130,000+DOGE that would be great. My DOGE address isย DF21TzKkUgZmZhFpQggYQxobWow5HU3VdV

My Journey with Crypto Currency โ€“ Getting Started and Thensome

As promised I am writing the next post on my Crypto Currency adventure. When I last wrote I mentioned some sites for trading and to setup accounts on there. I wanted to preface this post by saying that I have since changed what USD to BTC exchange I am using as well as the coin exchange that I am using.

Exchanges

coinbase_logo_whiteFor my exchange to purchase and sell BitCoins I am using CoinBase. Their verification process and speed of the transactions is top notch. Their site is easy to use and the fees are low. They are also based in California. Everything I have found on them checks out and I can say with confidence that they are very legitimate and there is a very low risk of shady things happening with them.Continue reading