I've been doing some quick calculations on the current Driodz coin distribution and price status for old investors and new investors.
Currently, there is about 4 million Driodz coins in wallets (off the exchanges) doing POS.
These investor intentions are clear and they are doing medium to long term investment.
The Bittrex wallet has 952,631, there is Driodz coins on sell orders above 600 Satoshis is 321,805.
These investors intentions are clear and they are doing a medium to long term investment.
On Yobit and Btittrex, there is 213,195 Driodz coins on sell orders below 600 Satoshis, these are clearly short term speculators.
THIS LEAVEs ABOUT 415,000 DRIODZ COINS ON EXCHANGES NOT ON SELL ORDERS (a tiny percentage may be medium to long term investors not doing POS).
Consequently, can all new investors not try to smash the price upwards, but put some buy orders to creep the price upwards.
Consequently, can all old investors seeking to lower the average value of their Driodz coin wallet holding, not try to smash the price upwards, but just add some buy orders to creep the price upwards slowly.
ESSENTIALLY, IF YOU PUMP THE PRICE TO HIGH THIS MONTH, THOSE 415,000 DROIDZ ON THE EXCHANGES WITHOUT SELL ORDERS WILL BE USED TO CRASH THE DROIDZ PRICE DOWNWARDS TOWARDS 250 SATOSHIS.
This will hurt new investors and old investors, which is not how a successful crypto community can be built.
Essentially, medium and long term investors will need to buy out that 415,000 Driodz coins, before the price recovers and is above 600 Satoshis.
Let me know, if the tip is helpful!
Haha, it's helpful alright. But that's not how a free market works.
If someone wants to sell, they sell. If someone wants to market buy they market buy.
More important is the question why the buying is bouncing back so well after every dump?
Not fudding, I'm a bagholding investor too.