Look at the sell walls. No one is putting their sell orders at 2k+ and hoping to sell. That only drives the price down, which would be self-defeating. There's only one reason for those walls... suppression. I GUARANTEE IT. The FUD is way, way beyond reasonable and detached from reality and I'm starting to think Frank's tantrum was a ploy to drive it down further. He can't be that stupid... can he? Even the FUDers in chat let slip now and then that they want to buy low. What's going on is clear. I know it's hard to see for people who haven't sat here for years staring at these markets day in and day out, but I can tell you this: I have NO fear of losing in the long run. My only uncertainty is the time frame.
Karl said publicly he's interested in buying back coins for SCH and that these low prices will make it easier. Anyone who claims he's trying to abandon the coin is full of shit and has an ulterior motive. They even tried to freak people out by threatening a 51% attack or fork, which was utter nonsense. Just more FUD.
I'm almost done with my bot and then I'm going to attempt to trade this range and build a floor with the profits. I just have to be careful not to remove anything at a loss because I don't want to get burnt when these games end and the pump blows right past me. Wish me luck.
I agree it doesn't look like he will abandon the coin, he took way too much shit from the Startcoin chat for that. He also seems relatively involved with the site progress.
I'm also sure the price will be up in the long run, no doubt at all, but its hard to say where the bottom will be. Somewhere between 1000-1300 maybe?