Well it's reported that there's some whales doing what whales do. "There were about 650 purchases. The top 20 purchases accounted for about 50% of all Necoins sold. So we can assume that 20 our fewer individuals bought half the coins. Average transaction size was about 4.2 BTC skewed massively by some large purchases."
More money than brains or more brains equals more money?
The big purchases are to prepare the PnD.
1. Own a lot low.
2. When it hits exchange, use a few BTC to create upward momentum to get the cretins excited.
3. Dump your huge low-cost stash into idiots at higher and higher prices on the way up and the way down.me
4. Go home with a lot more BTC
It ain't fucking rocket science and pre-sales make the buy-in oh-so-convenient!
So that's the roller coaster ride of all crypto coins, BTC included.
"
I'm trading while you're sleeping." I see you have your Phd in PnD Gekko
Thanks for the lesson.
It is a game as old as the markets.
It amuses me how excited everyone at The Neucoin forum is about the whales that are "Joining them". If guys that big just wanted a big position to hold for the long term, they would have picked up the phone to Dan Kaufman and got into the Angel round at a quarter of the price of the Pre-sale round.
But the Angel round comes with a lock up period. That won't do.
So the pumper has bought a few 200 BTC packs of this shite for an epic dump. Will happen in 3 stages, I figure.
So it is obvious that they are all being set up for a hell of a ride up, and if they don't jump at a profit, they get to hold bags at a fraction of that penny a token they paid.
They won't jump.
They are brainwashed true believers who will be excitedly posting about how smart they are. And the token will just fade away decimal point by decimal point till it's $0.000099 each--the same price as dogecoin.
Like leading Lambs to the slaughter all excited about the mint jelly and roasted potatoes anyone with a nose can smell cooking.
Here's an interesting thought that can't be proven: who do we know that has:
1. A million dollars worth of bitcoins for a pump,
2. An unlimited amount of vapor coins that he may just have bought from himself to launder money and get around trading restrictions on his granted tokens for the dump,
3. An anonymous Sechelles holding company to scrub it all nice and squeaky clean,
4. And a track record as a scumbag who installed malware on millions of computers in the mid 2000's and was sued essentially for being a predatory dishonest dick--several times at state level, federal level, and by other companies?
Hmmm....
