Ok i want to now then if they didn`t sold, who sold so many and crushed the price of leo.
Good question!
For me is that silly question.
You know who dumped so manny BTC that price drop from 1200$ to 420$? People who trade on exchanges, miners, owners of coins.
Same thing is with LEOcoin.
People who find out about LEOcoin in start mined big amounts of coin till first exchnage LEOBit was open. Till then you could not sell coins, maybe on blackmarket
if you had costumers. So big amount of coins was in hand of miner and they save them for some time and when they saw price start droping because of dumping coins, they start sell also.
Selling volume was big in start and now is hard to mine and you can see volume drop already, because there is not much coins to sell from miners, because of high diff of mining.
Also you can know that somoene have big interest to destroy coin. First was DDos attacks to all pools, then crash of Official exchange, same thing happend now with LEObit exchange. I personaly think, that bootnet virus and people who are behind try to destroy coin.
You can see on clculation that virus get 90% of daily mined coins and they are probobly sold on exchnage in small parts daily.
I will not say that LEO didint sell any coins, because i dont know that, but im sure they spend most of coins for revards for MLM.
It will be stupid to sell 40M coins on 15 cent price if they know price can be in future much much bigger. Im sure about that it will be in 2016.
If we check both Exchange we can see that maybe 500K coins is in orders for trading. So where are those 40M? Sold? No way, there should be 200K or even more dialy volume on trading to sell such big amount of coins. I think most of coins is still in posession of LEOcorp if they didint give away for revards and in people hands. Some people belive in LEOcoin and they save them to get bigger price. What is clever decition.
I was always wondering when coin price start droping (all coins) people start writing on forum and put guild on developer that such thing happend. But we are those people who are destroying coin not developer. We dump coins to get lower price, we trade and try to make some profit.
We should get atvantage of this situation and buy them now when price is so low and keep them and wait till price will raise. Not that we ask stupid questions where are 40M coins from Premine.
Premine is normal to take from developer. At least was when LEOcoin was made. Now you have less and less coins with premine, but developer have right to sell coins if they want to develop things for coin. Or im wrong?
LEO coin is made so that will be mined for 100 years. Coin is not even 2 years old and you. Give them chance to do thier things, to do things for coin and in some time we will see results.
LEO Corp is MLM company who start something new in CC world, they still learn a lot about CC. But main thing is that they have good financial support, connections with politicians, goverments.... what can be really good thing in future of LEOcoin.
Is not that i want to defend LEO corp, becuae they could do a lot more for coin already, but i hope LEOcoin Fundation will finaly take in thier hands developing, advertising Coin and things will start moving up for all of Coin holders.
So LEOcoin Fundation have my full support on this.
PS.
But i will never support LEO Corp with some stupid MLM.
