Recently on Bittrex some people or 1 guy only (I'm not sure) put ~200 000 Solarcoins on a sell orders between 0.00006 BTC and 0.00007 BTC - the rest sell orders after 0.00007 BTC are the same as before 1-2 weeks ago. I can't understand WHY so many coins between that price, instead of bigger "gap" like for example the same amount of coins between 0.00006 - 0.001? And I figured out also that 1 guy (or maybe there are 2 of them) buy in the morning and sell in the afternoon and that happens EVERY day - I guess that guy makes a small profit every time with those buy/sell orders, because if it is something else, it doesn't make any sense for me... And off course its nice to see some new volume added in the sell orders - that way people can buy the coins and that is fine, but If i'm a "Whale" and want to see the coin hit its true price I WONT do it that way for sure... 1 week ago if someone bought ~5000$ worth of solarcoins, the price could have hit 1$ or more for a single coin - now we need ~3 times more $ to hit that price, which off course is still a small amount of cash compered to the BTC market, but I think you got my point. So if anyone can explain to me:
1. Why so many coins between a small "gap", instead of a bigger one like I said with the example up?
2. Is this guy (who buy in the morning sell in the afternoon) only making it for a small profits from the price difference or there is some other PLAN in his head?
1. A whale doesn't care if the price goes up or down. He profits from both. 200 000 coins is a lot of Solarcoins but there are people out there with close to 1 Million SLR who could easily liquidate a few coins now that the price has gone up quite a bit.
2. Whoever this is is has actually been buying quite a lot of Solarcoins. I dont think there is a lot of selling going on yet... The plan is pretty obvious to me. Pump solarcoin. This guy doesnt make profit from small trades. This are the kind of players that wait for a big buy or sell order and then just go for it
