They are really manipulating the price, at the end of the day it's their loss.
That's not what is happening.....
A lot of people did not listen to the instructions and move their EBTC off of exchanges and into their private wallets, thus now......
EtherDelta is the biggest owner of new EBTC (over 11%) for free as they received over 2MM EBTC and did not redistribute to the account holders.
Someone pointed this out yesterday and their URL is below and I verified that they are correct with their analysis:
https://bitcointalksearch.org/topic/m.23852005This means EtherDelta is making money twice by forcing those previous holders to purchase twice if they want EBTC.
Since EtherDelta owns the majority of the EBTC, their automated algos are taking any price they can because it doesn't benefit them to hold the CryptoCurrency, rather make money from transactions in buying and selling.
if the price goes down more, I will be adding to my current position because remember, the circulating supply is still 12.840MM out of 21MM.
Plus I urge everyone to pay attention to DevCon 3 conference in Cancun, Mexico starting today (11/1/2017 - 11/3/2017).
The updates on Ethereum features will be essential to EBTC and again pay attention to the BTC SegWit2X on 11/16/2017.
I hope this helps let everyone understand what is going on.
Peace Out!!!!!
Sorry I agree with you on almost everything except this as I provided proof in those links. I didn't explain it right. I should have said they were
selling very small amounts to the lower bids.
That is exactly what was happening. I was watching those jerks sell a sh*t load of small amounts one after another to lower price. It's right there that is why I provided the links to PROVE that they're trying to manipulate the price down and they did. People would buy at what the market was selling $.19-.20 cents and right away they would sell a LOT of small buys at $.14-.15 cents to bids that were not at the top. They could have sold at what the market was selling for at the time which was around $.20 cents and made more money but instead they would sell way below that in small amounts, thus manipulating the market down. Not trying to argue as we are both looking out for this coin.
The more exchanges ebtc is on the less likely we are to see the price drop because of manipulation caused on the only exchange it's on.
