(1)
Welcome! I been wanting to make this post for a while and it's finally here!
In this post we will explore market fragility and manipulation with DOOK.
Market cap
So market cap is a metric that is a staple in all markets it is used to gauge the size of an asset.
Market cap is calculated with the current supply multiplied by the current price, When I learned this I realized the house of cards nature of markets.
Right below is a screenshot of the DOOK market cap post the manipulation, well sort of I issued more DOOK token in anticipation for this post.
Before the manipulation I updated the DOOK token description.
So basically I got rid of the normal DOOK sell order and put up one DOOK for the price of 244 hive.
HE bug
As you can see below I was able to sell and buy this manipulative order with the same account!
Now don't get me wrong one should be able to buy and sell freely but fulfilling your own order! There is no good reason to allow this.
This would not stop this type of manipulation but would add work to the manipulators shifting funds around.
DOOK moon!
So after this single order the market cap of DOOK went through the roof much wow and I could have made it even more enabling 8 decimals to DOOK and making the order 0.00000001 DOOK for 244 hive or with even more hive as well as issuing more DOOK, but the only reason to do this would be to make DOOK's market cap the largest in the world just for a cooler title but I settled for this instead.
Everything is back to normal now I placed another order at our standard DOOK price of 0.005 Hive each.
Before I changed it back I took a screen of my personal DOOK stash I had "11 million" 🤣
Volume folly
Some of you may have noticed that post manipulation the volume was only $43 with the huge market cap, Some would say oh I would see the low volume and would catch the manipulation.
The problem is the volume could be manipulated too with something called wash trading that's when a manipulators buy and sell the asset to boost liquidity and with the HE bug mentioned above and with hives no fees this makes things even easier however the same can be true in almost any market.
Solution
I wish I could provide a solution but it's something I been thinking about and trying to tackle for a while, what is needed is some better market metrics to give investors a better picture, I have something in mind but I am still trying to sort it all out.
(2)
Profit share
@dook4good is set as a 10% benefactor on this post
10% of DOOK sales proceeds go to the @dook4good charity
(3)
link to the DOOK toilet paper here
Sources
(1)(2)(3) Images I generated with AI
and remember DOOK shits fun !
Posted Using InLeo Alpha
Wow I just DOOK'd my trousers....again...
!LOLZ
!PIZZA
!LUV
@dookbank, @summertooth(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
Happens to the best of us !DOOK !BBH !DUO !PIMP
You just got DUO from @bitcoinman.
They have 1/1 DUO calls left.
Learn all about DUO here.
You just got DOOKed!
@bitcoinman thinks your content is the shit.
They have 15/400 DOOK left to drop today.
Learn all about this shit in the toilet paper! 💩
Oh no! @bitcoinman, you are out of DUO!
Go acquire more Stake to increase your DUO standings.
(We will not send this error message for 24 hours).
Learn all about DUO here.
@summertooth! @bitcoinman likes your content! so I just sent 1 BBH to your account on behalf of @bitcoinman. (8/50)
(html comment removed:
)
lolztoken.com
He said nothing.
Credit: reddit
@dookbank, I sent you an $LOLZ on behalf of summertooth
(2/6)
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ
That are some !DOOK'y market tricks.
!BBH !hiqvote
Was just a live illustration so hopefully people get a better idea of how markets work !DOOK !BBH
You just got DOOKed!
@bitcoinman thinks your content is the shit.
They have 40/400 DOOK left to drop today.
Learn all about this shit in the toilet paper! 💩
You just got DOOKed!
@chaosmagic23 thinks your content is the shit.
They have 10/260 DOOK left to drop today.
Learn all about this shit in the toilet paper! 💩
@chaosmagic23! @bitcoinman likes your content! so I just sent 1 BBH to your account on behalf of @bitcoinman. (27/50)
(html comment removed:
)
Great article!
!hiqvote
@dookbank, the HiQ Smart Bot has recognized your request (1/4) and will start the voting trail.
In addition, @dookbank gets !PIZZA from @hiq.redaktion.
For further questions, check out https://hiq-hive.com or join our Discord. And don't forget to vote HiQs fucking Witness! 😻
$PIZZA slices delivered:
hiq.smartbot tipped dookbank
@summertooth(3/10) tipped @dookbank
Congratulations @dookbank! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next payout target is 250 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
@dookbank! @chaosmagic23 likes your content! so I just sent 1 BBH to your account on behalf of @chaosmagic23. (6/20)
(html comment removed:
)