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).
Everyone who bought in at the ICO did not have the luxury of what we know now and what has transpired over the last few weeks, they had to take a chance that this coin was not another scam and choose to invest or not. From then on the Devs have delivered what they have promised and there is no reason to doubt that they will not succeed with the next developments on the agenda.
Any new investors have all the answers in front of them and can make a decicion based on a lot more information. That said, the current price is around 15k and is seems a very fair entry point as the coin has really only just started. Anyone trying to manipulate the price cannot take away the fact that if the Devs deliver everything and stick with the coin then it will stay stong regardless of who dumps what.