The only thing i will say before my bed here at 4.43 am
is this... everyone should watch the order books on the qrk market and make up your own mind.
If you are watching this you can see clearly it is a manipulation, these often happen on sundays around this time for obvious reasons.
The person/people trying to manipulate it down ( not hard with the cryptsy qrk volume) is very new to this. He is making it so very obvious.
I won't say why it is easy to spot this but if you are a regular trader....watch the order book. It is so silly and amateurish .... i guess they either haven't done it many times before or else guess most people are not watching at this time on a sunday evening. Even the time for it is too obvious
The intention is not to maximise profit whilst getting out, they would not be doing it the way they are. Their objective is to lower the price of this thin market to start up some panic selling and scoop up any panic sells they can. They have achieved this somewhat but again it is such a very thin market with most people just holding qrk for long term there is simply not much for sale.
Because of this it is so easy for price to be pumped to the sky or dumped to the ground. Really 10-15 BTC or equiv QRK can make or break the tiny market. However really this is pointless because the big qrk holders will never sell for a loss because the big players simply don't need too, you can be sure they hold vast amounts of BTC and others to hedge with, and the only people drawn into panic sell and buy are noobs. So the real price for QRK in any volume never really changes. Try and buy 5M under 8000. I guess they are hoping for some major panic sells tomorrow. Don't think it will happen, but if it did.... i would not complain at all
Anyway i have my buy orders put in and hope and i mean i will be dreaming of scooping up some ..... i shouldn't really be putting more btc into any alts right now because the antigoxing will probably happen any day... but i can't resist a little more. Yes i want more BTC of course but QRk is my number 3 fav and didn't think i would get another chance at this price. If i can expand my holdings by a significant amount for a couple of btc i will enjoy that.
Seriously, i am glued to the exchanges and this board. I see this all the time, but this is way less subtle.
I guess it is up to everyone to watch for themselves, research and make up their own minds... then act as they will.
Let's see where this goes.............i would hope these low prices are leading to better distribution..... however sadly i suspect these moves only move more back into the hands of the big players.
Ah, well time for bed, i wonder what the crypto world landscape will look like tomorrow.
I just hope aurora coin is gone and it was all a bad dream..... i simply do not want 100's millions of our fun internet magic money going into that black hole devoid of all crypto which is iceland. How can we give our money to a country that allows itself to be banned from BTC...... grrrrr. I can see the money leaving my lovely btc,doge,qrk for that dark and hopeless rock.
Actually i forgot about the new ANN thread i have to make before bed. I just thought of it now.