Interesting shakeout.
these people never learn...the volume speaks volumes about whats in store here
Care to clarify?
There have been huge buys over the past few days - well above 50,000, most buying up the orderbook to 60,000. These people haven't sold and the top wallets continue to grow.
This is exactly what Crave went through upon its listing to bittrex for a few days. Up and down around this level while a floor was established. A coin will be pumped when it has volume + low supply + fair distribution (to lesson impact of dumps). This coin has all those things.
The reality is none of these coins other than Bitcoin have any chance of becoming a real 'thing'. They are all just speculative trading stocks - like shares to offshoots of one big 'Bitcoin' megacorp. Most will fail, some will accrue support and stick around for a long time, but when bitcoin takes off once more they will be sold off in a heatbeat. If we are honest with ourselves we use Alt's to try and increase the number of bitcoin to our name.
Hype and games aside - this is a coin that has yet to recieve the pump and has all the elements necessary for such a pump to occur. Accumulation has been going on for days - miners dump shitloads and whales like myself buy them up. Essentially what we are doing is taking on the risk for a price.
It will go up from here - there is no doubt about it. All alts are useless apart from their means as items of speculation - no one should be saying that TRON has a future or has something other alts do not, but you can say all of that fluff is irrelevant across the board for the reasons given.
Buy it - Hold it - Stake it - Sit back and watch those latecomers fight to get their hands on the next hot alt.