Yesterday was just a test, no point in shitting your pants folks half way through the game
It was a test and more. If I were to speculate, I would say the following is currently happening in CIRC:
Whoever unloaded yesterday apparently picked up many of their coins cheaper, helped by their paid fudders in this forum, who were gone as fast as they arrived, their job done. The big wallets got bigger. Just as importantly, they were / are testing to see where the natural floor is after the dump yesterday, so they have turned all their various bots off. This also allows a couple days of playing rope a dope, as more people get shaken out. A five BTC candle several hours ago shows this.
My guess is they are playing the schedule against the upcoming vDPOS boost and the bots release this week. They see no need to bot the price back up when it is holding steady at 2 - 3x ICO price. They want three - five more days with more people getting in at these levels. Those people who will be motivated to stay with the coin to much higher levels, as opposed to ICO investors, who are already at 2 - 3x. They want to get rid of as many ICO investors as possible before the coin rises. Ideally, everyone who got in at or near their entry.
I initally was not so interested in this coin. But it is fascinating to watch what is happening. They have definitely attracted some large players and, like you said, the game is only getting started. It's a pretty good entry right now IMO. It is pretty clear someone or some people have / has decided that this coin is going much higher.
Well put, good post - same thing direction I was leaning towards. The play in this coin I think IS actually needed in crypto, let alone for it to succeed and show its true colors.
Myself and hopefully other strong hands do of course hope for a huge rise in coming weeks and dare I say months even. Whales can make it happen and the 'dev' best come thru with whatever they have planned (as iffy I am about this coin still).
Reading a good analysis like this is a treat. I think it is all pretty much spot on. Someone also made the point yesterday that all the rabid focus on "Bob" was exactly what the whales love - because everyone gets carried away with hating and speeches - and nobody sees what is actually going on.
This coin from the start seems designed to have huge swings and big volume. Huge vDPOS rewards that lure coins back and forth from exchange to wallet, making supply and demand go from full moon to no moon at certsain specific dates. Well thought out features that appeal to traders - luring in the exact demographics they want. Sequenced releases a few weeks apart, apparently timed in cohesion with the vDPOS. The Culling. That period alone has the potential to let smart traders make insane gains overnight. I notice already in the Whale Slack there are some clubby little private chats springing up.
It really was extraordinary seeing that dump perfectly timed with ten - fifteen trolls showing up in the forum saying sell sell sell. Without attaching any moral judgement to it, there are some pretty crafty people - with deep pockets - building positions in this coin. People who think this coin is going to fade away are not seeing what is happening right in front of their eyes.