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Post by needleandthread on Nov 4, 2017 5:58:57 GMT -6
Thanks, @petesnewname I obvs have much to learn here! So what I saw was a conglomeration of sell orders for that same price? Still, is that in any way significant that there were that many ETN available at one go at that price?
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Post by petesnewusername on Nov 4, 2017 6:43:43 GMT -6
There may be a way to see individual orders, I don't know, but if you are looking at Sell Orders and Buy Orders columns on Cryptopia then yes they are conglomerated orders. Orders can bunch together for a variety of reasons... if the price is fairly static and people put in orders they are given options to buy/sell at current bid/offer prices so amounts on offer can clump together at the same price, sometimes it could be just people picking a nice round number that they want to sell at or that they don't think the price will go above or below. Sometimes it's actually people deliberately building a wall because they don't want prices to go beyond a certain level.
You aren't doing bad, at least you managed some mining which is more than I did!
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Post by mrnewguy on Nov 4, 2017 6:56:30 GMT -6
the best way to follow order is to look at the orderbook graph
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Post by ironwill on Nov 4, 2017 7:41:49 GMT -6
I thought there were safeguards to keep big mining farms out? How do you see an individual sell order (as opposed to a conglomeration of orders all at the same price)? well I do know that they limit mining to 5 devices per IP address. So it's maybe feasible a person could be running five 10-gpu rigs? that would certainly put out some hash power. |
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Post by ironwill on Nov 4, 2017 10:47:20 GMT -6
This is good! we're down to less than 4 1/2 cents per coin  |
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Post by needleandthread on Nov 6, 2017 4:49:43 GMT -6
After quite a while at the 3 cent level, it's back up to 4.5 cents at the moment. Fingers crossed  |
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Post by petesnewusername on Nov 6, 2017 5:33:06 GMT -6
I'd be surprised if it doesn't drop when the ICO money hits... at the moment buyers and miners are cancelling each other out, but the balance will probably tip.
People just need to HOLD! But they won't... short termers, happy to double their money.
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Post by needleandthread on Nov 6, 2017 5:53:38 GMT -6
Do you think there's a possibility it could drop so much that people lose confidence in the project altogether? I mean.. given the teething pains ETN is already having at the moment?
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Post by bitbandit on Nov 6, 2017 8:06:59 GMT -6
It's Going To The Fricking MOON Baby!!!!
Just watch and see. Let's be Bold and Hold.
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Post by mrnewguy on Nov 6, 2017 8:52:22 GMT -6
there's a good rise today
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Post by petesnewusername on Nov 6, 2017 8:59:19 GMT -6
Do you think there's a possibility it could drop so much that people lose confidence in the project altogether? I mean.. given the teething pains ETN is already having at the moment? No, I don't, because most of the people who will have ETNs on their phones in the future will be completely unaware of the current delays, or the ups and downs of prices on exchanges. I think we are just a tiny minority "in the know" at the moment. |
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Post by petesnewusername on Nov 6, 2017 9:02:37 GMT -6
there's a good rise today Yes indeed, it shows plenty of people want to buy still and the miner-dumpers can't keep up with demand. Still wish people would just hold their ICO money and not dump when the time comes, but understand it always tempting when you have a chance to double or treble your money in a fairly short space of time. 10x, 100x ... it's up to us, if we say it will never happen and dump then it becomes a self-fulfilling prophecy! |
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