A note on the market:
For the entirety of today, there has been a struggle against the large sell wall at .002 AIR/BTC. There is the
highest level of demand since our launch right now, as measured by the strength and weight of the buy orders but it will take hours or days to break through the 500~1000 AIR barriers keeping the price below that. You can see that in the 2hr charts:
Without that large sell wall, the price would have begun rising past .002 easily earlier, and instead it has bounced off. The wall was broken down, but it keeps being replenished. I believe part of this wall is residual from the initial dump (where prices spiked down for the first time). The second dump (where prices hit their lowest yesterday) has already been completely recovered from.
One theory is that someone does not want AIRcoin's price to reach $1.30 USD/AIR, as it would make the market capitalization
come very close to overrunning Megacoin in market capitalization. The other theory is that, at .002, most coins mined at peak hashrates (difficulty over 22) right before the launch would no longer be profitable to sell any lower, making that the lowest reasonable price for them to sell at. Either way, There is definite support behind the coin, but it may take us a few days to "
tear down the wall" so to say, and the price will continue to bounce between .0015 and .002 until that happens.
This indicates, as some of you have said, buying any coin below .002 is indeed a "bargain".
Once the price breaks free of .002 and begins to rise, the investment pool's size should be (depending on what the average buy price before that point has been, right now I'd estimate it at close to .0017 or lower) worth about 9 BTC, marking another 50% gain.
Ok. I'll admit it. The first dump was me, testing how the team would respond. I was not disapointed
The current sell wall is not mine.
Total buy orders also increasing.
