Dogecoin rolling along.

So 10 million would be 1/4 of the daily volume. By the way I didn't mean outright shorting it, just taking positions in both directions. 10 million clears the order books long too, a few 100 bucks up.

Let's say I put out a market order on the 3 exchanges for the whole 10 million. Price goes up 2-300 bucks probably. Then I immediately put a market sell order, thus the price drops 4-500 bucks. Then I keep repeating it until people get tired and nauseous....

In the process it doesn't matter if a lose a few mill here or there, don't forget I am the government, with unlimited resources.

Or going back to the shorting idea, I can just buy up bitcoins slowly over a few days probably slightly pushing the price up, then dump all of it... the order books are so shallow, specially if I would do it on 1 exchange....

I'm thinking we would bleed the government dry if they tried something like that. While the government is doing these market orders, we all have our limit orders ready and since the majority of bitcoins are not using margin, we can never get margin calls and get forced out. After we are filled, we immediately put in orders to sell a few hundred dollars higher so when the government does its next market order, we cash in and then rinse and repeat.
 
Day 2. Up 20% against bitcoin, but only 10% vs the USD because of the bitcoin crash.



9OrXABL.png
 
transaction fees or bitcoin dies.


Yes, thats it...and we don't know yet if the transaction fees will be high enough to cover the cost of electricity. If not, thats pretty much it for bitcoin..., but at least thats over 100 years away, although the fact that the reward in the year 2136 will only be around 42 satoshis, the price of bitcoin better be really really high.
 
dogelive.com is not working, i see the price on the charts is
0.0022 but at satoshi site said the Doge price is 0.0015 is this right?
I have some BTC that i want to exchange into Doge, can i do it at
vaultofsatoshi.com ?
 
dogelive.com is not working, i see the price on the charts is
0.0022 but at satoshi site said the Doge price is 0.0015 is this right?
I have some BTC that i want to exchange into Doge, can i do it at
vaultofsatoshi.com ?

I usually do all my btc/doge conversions at cryptsy.com. Not sure if VoS does bitcoin to DOGE conversions, I think its all USD conversions. Also with cryptsy, you get these things called cryptsy points that you can sell for bitcoins (everytime you do a transaction you get these points) Its usually not much, but if you trade alot, it can add up. https://www.cryptsy.com/users/register?refid=105251

And here is a link to other exchanges to see what its trading for. http://www.cryptocoincharts.info/#jump-doge-btc
 
I usually do all my btc/doge conversions at cryptsy.com. Not sure if VoS does bitcoin to DOGE conversions, I think its all USD conversions. Also with cryptsy, you get these things called cryptsy points that you can sell for bitcoins (everytime you do a transaction you get these points) Its usually not much, but if you trade alot, it can add up. https://www.cryptsy.com/users/register?refid=105251

And here is a link to other exchanges to see what its trading for. http://www.cryptocoincharts.info/#jump-doge-btc


Thanks for the Info.
 
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