I see,
But where are all these coins coming from the sellers?
$.08 on coinex
good question. yakov should put buy walls upp to stop the dumping.
if he buys 1mil from the sell side and put 50 btc wall the dumpers are done
I think it's maybe the ICO purchasers having their found arriving on CE.
dont know. but only yakov could stop this.
The last 36 hours is like 25 million coins changed hands, some are buy and sell flip, but the price can only go down so much because there is no way to SHORT the coin, and there is only so much available to sell.
How does a coin trade volume 30 million in 2 days when float is only 20 million, and price is still going down??
It's easy to make the price go down. With 1 Million coin, you can make the price go from 10'000 sat to 500 sat over and over again. The buy wall is slowly building, and then you can just break it. Again and again. But this can't last for a long time. Once the main sellers will be gone, it will go up for sure, but slowly.
