Surprised by so many weak hands. Last push down I think was by someone who understands coin is going up and want to get more at 2 now.
Will see how this goes, expecting more BTC soon
Didnt expect this much coins this cheap.
People tend to get panic and excited whenever they see huge walls on either buy or sell side. Weak hands will be weak, dumpers gonna dump.
It shows Panda is alive and actively being traded. I would of course have been happier if the nice uptrend had stuck around and grown into a new floor before the dumpers trooped in.
As long as there's a scamcoin of the week at Bittrex (this week it is Lightcoindark I think) noobs will sell of their stable coins and rush into the new stuff full of Wolf of Wallstreet daytrader Lambo dreams.
I'm surprised at how many people are still getting sucked into that garbage (been there done that made some money and got out before things became really criminal). It is sad to go through the threads of dead scamcoins full of sad bagholders waiting for their anon nodes, SMS pay, the dev to even logon, "whales to stop accumulating cheap coins", etc.
I guess part of the problem is how easy it is to invest in alts: just get a Coinbase account linked to your checking and you're all set to check Bittrex's first page to see which group of scammers will steal your money. Buying a real penny stock takes paperwork, procedures etc. and isn't just an impulse buy.
So far Panda has been the best of the worst. I hope the devs are in this for the long haul (a couple of years or more). I'm thinking it will take that long for the general public to learn a) the value of alts as currency and as investment vehicles b) for the same public to learn they should stop manically throwing their lifesavings into anycoin with the word "dark" in the name and c) for some scammer to do something so bad or steal so much that the government finally has to step in and regulate this space.
