Information leaks detected
There is no insider trading per se, — the head of community at KICKICO A.Spirin explains what is happening in company now. Read here about what he means and why people discuss it so vividly: https://[Suspicious link removed]/2LbCf8N
That was an interesting read. I don't normally follow links on bitcointalk, but I'm glad I did as it kind of explains what's happening with the price. Personally I don't have a problem with the workers at Kickico buying their own coins. If they work on a project and believe in a project, they should be able to invest in that project (and tell their friends). If you think about it, it should instill more confidence in a project if the people involved are willing to risk their own money.
As for me on the other side of the world without this "inside" knowledge, it is blatantly obvious that someone in the know is accumulating. I was actually going to sell some of my kick a week or two ago to invest in another project I'm interested in, but once I saw the activity in the Kick market I decided to hang onto it. It doesn't require inside knowledge to spot that people/groups over at Kucoin are accumulating. We also know that Kickcoin was undervalued for the last 6 months and was bound to recover. Just wait until it hits a bigger exchange; 1500 will seem like a dream price.
This isn't a PnD either. A PnD would be over in a couple of hours/days, and would result in the price jumping from 1000~ to 5000~, only to fall back to 1200. What is happening now is accumulation, pure and simple.
I agree with you, it does look like accumulation, although very sophisticated P&Ds do sometimes come in multiple waves but rarely under this kind of sustained volume. We're now at the top of the 3rd wave up, so I am expecting a significant pullback to be honest whether this announcement arrives today or not..
The problem with 'insider trading' (or however people want to phrase it) is that it gives an unfair advantage to people that are connected to the decision makers in a company, in this case: kickico family members/friends and perhaps business associates. I exclude the company's decision makers (the management/development team) on purpose, because they are 'invested' already in one way or the other, their jobs are literally on the line and that's a good motivation to not do stupid things like pull off a P&D. What worries me most is the layer below them, the persons that are the best connected to kickico team members.
So far I have not read any credible information or rumors on what the announcement could be; people that do know are keeping their lips sealed and that might be a good sign.
I personally am hoping for a) russian government/treasury stamp of approval to be that nation's premier crowdfunding platform for digital assets or b) something related to EOS, although ICOs do not exist on that platform as on ethereum, perhaps some type of partnership for cross-chain operations. These are the best case dream scenarios in my opinion, I'm ready to expect far less than this and realistically i'm ready to be slightly disappointed. Regarding the price of the token; "buy the rumor, sell the news" is more often than not the case, please keep that in mind everyone reading this!
