Looking a the price graph on cryptsy, it looks like DMD is in a long selloff. you can see the price plateaus after each selloff are lower and lower. This is backed up by the buy and sell orders. There is little buy pressure and sell orders are in large blocks are a range of prices well under the previous highs.
I do not think this is one wallet selling off a large block. It looks to me to be more like holders are scared and trying to sell on minor recoveries.
In any case, the sell orders far outweigh the buy orders so unless something happens to change the market it looks to me like we will see decreasing prices for a while. I think we will see the price drop below previous lows. The only question is, are there enough interest DMD investors to buy at the lows or have they already bought all they can on previous price drops? The outstanding buy orders are going to keep the price down for a while.
I am concerned that it will be a long time before we see a price rise that will hold. I am holding right now but I don;t want to be stupid about it either.
Really scared only a few people.
Here is one of them
https://chainz.cryptoid.info/dmd/address.dws?128594.htmEveryone likes to rising prices, but few are able to withstand a drop.
But the logic here is simple - the more people want to sell their coins, the lower the price will be.
The market has its limits on the purchase, so those who want to sell everything at once will receive a minimum income.
Personally, I see no reason today to sell the Diamonds.
General crypto market is still in a recession and the market cleaning from people who dream of quick and easy money
