DUMP @bittrex, just bought 7 SAT. Sheeet What is happening!
That's dumping on the break of 13. Probably all stop loss triggers (from many different traders). This could be climatic and lead to an immediate reversal, or it could continue to drift lower, depending on how much of a hurry buyers are in. Currently trading at 9 on Cryptsy. Could also be very well due to the bad print at 4 and people who don't know that 4 was a bad print are panicking. It's hard to say, but what we can be sure of is that things really got rolling on the break of 13, and that
this is all short term trading and has nothing at all to do with long term fundamentals (or was there news on the wire of Jared having been arrested by the FBI for fraud or something?
).
For the bad print, someone must be stupid to sell
That should not be the reason.
And I did not see Jared being arrested in the news
So that should be fine though.
I think it is just someone either wants to manipulate the market, or being so impatient.
I would like to hear from Jared though to relax my mind a bit
Jared, say a hi please
But anyway price is now getting back to where it was @12-13 SAT.
