I used to trade securities on behalf of some major banks awhile ago...and if we want to unload a significant amount of securities we would usually do so in a "discreet & concealed" way (i.e. in batches)...so that we don't alert the markets and cause a panic drop in value.
Regarding the sharp drop in value for Cinni, these are the possible scenarios responsible:
1. The dump was executed poorly by a mediocre P&D team...resulting in drastic decline in prices...and possibly costing the P&D team $$.
2. The dump was made due to personal financial reasons (e.g. maybe the guy decides it's time for a down-payment for his lovely house...)
3. The rapid dump was made for a hidden agenda (e.g. flashing sell walls to panic sell to their own hands)...which I will leave them for you to ponder why.
Please note that none of the above 3 reasons affect the fundamentals of Cinni whatsoever. Now what's left is to review the Cinni fundamentals...which I believe is one of the strongest contenders for mass public adoption... and will also improve upon on with many new features in the next rounds of dev announcements.
It may have been over-hyped over the past few days, but I believe currently is a great and safe entry point to buy-in again and I expect a stabilization phase between the 16k - 18k before heading to the 20k - 25k phase.
My 2 cents.
Regarding the sharp drop in value for Cinni, these are the possible scenarios responsible:
1. The dump was executed poorly by a mediocre P&D team...resulting in drastic decline in prices...and possibly costing the P&D team $$.
2. The dump was made due to personal financial reasons (e.g. maybe the guy decides it's time for a down-payment for his lovely house...)
3. The rapid dump was made for a hidden agenda (e.g. flashing sell walls to panic sell to their own hands)...which I will leave them for you to ponder why.
Please note that none of the above 3 reasons affect the fundamentals of Cinni whatsoever. Now what's left is to review the Cinni fundamentals...which I believe is one of the strongest contenders for mass public adoption... and will also improve upon on with many new features in the next rounds of dev announcements.
It may have been over-hyped over the past few days, but I believe currently is a great and safe entry point to buy-in again and I expect a stabilization phase between the 16k - 18k before heading to the 20k - 25k phase.
My 2 cents.
Whatzhub,
THANK YOU for this analysis. PLEASE do post more here, and do so regularly. We need professional opinions like yours here for all to see. The trolls just make me nutz!!
Personally, I agree with your comments 100%. No way to tell about motivations of these whales. It sure did not make them very much coin. UNLESS, their intent was to drive it CHEAPER in the overall plan. Something you may be able to add comments to? If I am correct, then that means they are actually ACCUMULATING at cheaper prices. GOD for our intermediate-term price appreciation.
ANOTHER positive for Cinnicoin is ALL these fundamental points which are all great points supporting future price appreciation into long-term. Those would easily support a 100,000 sat price right now. These whales stopped that, for now....
Thanks again,
~darylluke.
Hey darylluke,
No problems, glad you agree with what I said. It's really just some rational and common-sense thinking, but again the crypto-world seems to have it's own sets of trading rules here...so there's always something new to learn!
Incoming FUD from China on Bitcoins, probably another reason causing the sell-off of the many altcoins... - "Chinese Payments Association Wants Banks to Identify, Eliminate Bitcoin Activity"
Sell if you believe that Cinni will trade below 10k (highly unlikely due to very strong buying support atm)
Hold/Buy if you believe that Cinni will be trading back up over the next few days (more likely once panic sells are cleared)
As far as any analyses and predictions may go, please note that it will always be the market (the collective intent of buyers and sellers) that dictate the price movements.
I'm on the buyers side. Which side are you on?
Buyers Side
