What i dont get is that people are selling very low atm.. i mean why would you do that? There is a coin burn coming and crypropia will bring in new members aswell...
They can't understand exactly what that means and what's about to happen!! Just buy up all their coins and watch them kicking themselves when it next flys up again... exactly the same as last time there were people crying in the forum if you back-read it all...
Seems strange tho, dont know what to think of it
Not that im worried, but why would a sane person do this
Either they aren't sane... or they don't have a clue what they are doing... are my two best guesses!! lol
Or they bought really low and have made massive profits that they want to invest elsewhere.
Or it's the 'Suits'... as they have constantly been trying to manipulate the COLX market price down, and are spending lots of bitcoin in the process... While coinsmarkets has been down, for the past couple of days, that only left 1 exchange COLX could still could be traded on; tradesatoshie, which usually has the far smaller trade volumes of the pair, so that made it even easier for them to have an even bigger effect and impact on the prices with their nefarious trading and auto-trading-bots... hence all of the abnormal dips in the market which shouldn't have normally been there...
You only have to study the trades history, and they stick out like a sore thumb, as they are deliberately trading at a loss; and losing a whole load of money in the process, to keep forcing the price down... but all it's effectively doing, is giving all 'real traders' cheaper coins... but I guess they are too dumb to see that! LOL As the more they pay to push it down, the cheaper it makes it for us to buy it all back up again!! lol
But I think that does explain the very unusual swings down in the market, when compared with other markets that they aren't currently trying so hard to manipulate.
So, if that is the real answer, which I believe it is, and am not alone in that summation; then they don't really have a clue exactly what they are doing... and are just spending an awful lot of time, effort and money to very effectively give us all cheaper coins!
So, I for one thank them greatly, and once they realise this, and that it's not having the desired effect they wanted, they'll probably give up and go back to spending loads more money trying more futile, and very expensive, DDoS attacks... Which again is pretty dumb really; as it is only slightly 'annoying' and has no effect whatsoever on the actual COLX coin itself, as it is decentralised, peer-to-peer, blockchain technology, which is designed in such a way that there deliberately isn't one centralised target that they even aim at, let alone hit!
So, The Next Steps...20 Billion of the Old Coins have now been successfully Burned!
They are now waiting on the rest of the new COLX coins, the ones that weren't used for swapping, to be burned...
Then they will have the final total number of coins figures to finally get the Cryptopia application filed and sorted...
So we are already on yellow alert now, and just have to wait patiently for the latest news announcements... whilst buying up as many 'Suit' discounted coins as we possibly can... (y)
So get ready for us all to enjoy a TRULY COLOSSUS 2018!
