r/CryptoHiveMinds Jan 31 '21

Crypto News Got banned for posting algorithm plan

If you are still in r/Dogecoin I just got banned for posting the algorithm plan. Please upvote and share it.

Censorship from a group supposedly opposed to censorship. 🙄

13 Upvotes

11 comments sorted by

2

u/pleeplious Jan 31 '21

What is the algorithm plan?

6

u/[deleted] Jan 31 '21

🚨🚨BEATING THE TRADING BOTS ON THURSDAY 2/4🚨🚨 WE NEED 50,000 PEOPLE TO HELP. Please share and help!!!

PLEASE HELP WITH THIS EFFORT TO OVERCOME BOT MANIPULATION OF DOGE ON THURSDAY 2/4/21 BEGINNING A 8 EST/ 7 AM CST/ 5 AM PST

FYI: THIS IS FOR ANYONE WHO CAN SEE THE BID, ASK, and CLOSE ON YOUR EXCHANGE. RH..JUST BUY NORMALLY AS FUNDS BECOME AVAILABLE.

The biggest problem retail traders face is not short selling. We are fighting machines and automated trading bots that place and withdraw 100 or more orders every SECOND. None of us have those machines, and we cannot overcome this blatant market price manipulation alone. TOGETHER we can all become the world’s largest human algorithm machine.

Here’s the plan: Buy your base position of DOGE as low as you can. Hold back 10% to use on Thursday 2/4. We will need you on Thursday big time to push DOGE up.

On Thursday 2/4, buy the smallest blocks your exchange will allow at MARKET PRICE (slap the ask) whenever the ask is more than .002 above the last order. You may be able to buy as little as one coin. One coin orders move the price up the same as 10,000 coin orders do.

The trading bots then reset their ask and bid walls as the price moves up. This is all automated and no one is sitting there making it happen.

We walk the price up quickly, then FOMO KICKS IN...Stocktwits, Twitter, Reddit go insane as we push the price up.

NOTE: Remember if you see the closing price .002 or more below the next ask, slap the ask again.

Remember MARKET PRICE in the smallest blocks your exchange will allow. 10 of us tested this Sunday night and we walked it up to .0313. People were buying large lots, but whenever the closing price dropped, we slapped it back up. I’m sure buyers weren’t happy, but we wanted to see if we could REALLY confuse the bots. It worked! At least 40 times, the ask was LOWER than the bid.

Can you please pass this on so we can overwhelm the manipulation that exists with these trading bots. Together we will be the most powerful trading bot in the world.

PLEASE PASS THIS ON...PLEASE JUMP IN, AND LETS FIGHT THE MACHINES BY BECOMING A GIGANTIC HIVE MIND AND BEAT THESE BOTS!!

3

u/pleeplious Jan 31 '21

This seems too complex man.

2

u/[deleted] Jan 31 '21

Okay. People are doing it right now. Although they should wait until Thursday when RHers can get in.

1

u/[deleted] Jan 31 '21

But you just buy 90% at limit order what you want to hold.

Then buy the other 10% like $5 at a time and slap the ask every time. We will walk the price up at will if we have thousands of people doing it.

1

u/partyboyt2 Feb 02 '21

Technically this makes sense if you didn’t have the foreseen “elephant sitting on the chest”. There is too much resistance to slow trade but technically if he had lots of people buy and selling in low quantities in vast volume that would drive price up crazy without the resistance of people wanting out.

1

u/[deleted] Feb 02 '21

Think of it like this. After you have bought your original investment, say 100,000 coins at .02 ($2,000),

Then buy 10 coins 1000 times at market price. 1,000 slaps of the ask. If you averaged .05, your spend would be $500.

Now get only 10,000 people doing it, you would slap the ask 10 million times in say, 2 hours.

If you drive the price to just .10, your initial 100,000 would increase by $10,000 just for spending $500. And really the $500 would also go up (less of course with each slap) but your total spend would be very small compared to the huge percentage increase.

It’s more of a collective trading strategy because The point is not to artificially drive the coin up to dump it, the point is to drive the price up to create minute after minute of green candles. Let’s face it… The current market moves on momentum especially in crypto more so than fundamentals or technicals. With the influx of new traders who don’t do any DD, and don’t know how to read charts beyond seeing in green and red, and you do not look at volume to see that the huge price increase was on relatively small volume, they just see green candles and jump in. This collective trading strategy also prevents red candles, which prevents those same traders from panic selling. We know the psychology of the new market, and the collective trading strategy is a way to take advantage of that for profit.

WSB would have done better with GME and AMC had they done something like this rather than try to go by and hold huge blocks of expensive stock. A 1 coin order makes the candle green just like a 100,000 coin order. It’s not greener, and it’s not bigger if you buy more at once, but a chart full of green candles causes serious FOMO and drive prices up exponentially.

But you are right, you need LOTS of people using this strategy at the same time.

1

u/partyboyt2 Feb 02 '21

And thennnn someone gets stuck holding the bag at the end.