We have 7.2M coins released daily and the entire liquidity of buy orders is less than 1M coins so even if a few just mine-n-dump this coin could lose its market price.
I'm not sure you are aware of this but the highest BTC volume exchange currently has a buy order of 7.6 Million BTCZ at .00000008 (8 Sats) BTC each.
It has been there for the last few days that I know of.
Wasn't watching before then so I can't cite any facts about anything previous.
The thing that gets me though is BTCZ is averaging $150,000 USD daily volume for a few weeks now which works out to 259 Million BTCZ daily volume.
And the largest "Rich List" wallet has only increased by 40 million in the last 12 days.
So 259,000,000 x 12 days = 3.1 Billion but the largest wallet only gained 40 million?!?!
Maybe it is being traded in a controlled circle. Buy Why? Trades=fees! Someone has to pay the fees.
Word on the street is this large wallet is probably an exchange. So I don't know what to make of it all.
But it IS perplexing to me.
