Doesn't make sense for the price to keep dropping like that.
yeah, that sucks so hard crypto since a year now... so many people that don't mind to play by the rule "buy high, sell low" and all these bots are just killing price...
example of bots with recent transactions :
sell : 07:40:18 0.00000850 15000.00000000
and the new "owner" (a trading bot) of 15k cyp just put back that amount at 0.00001130 15000.00000000
...and there are multiple current sell orders right now that is the same pattern: as soon it's bought, cyp are being put back for x% profit automatically... creating again way more sell pressure. buying in that kind of bot controlled market is doomed... first, you bought on these bots sell orders, so you give them their low %profit and justify their presence, so they are being more aggressive, and price keep going down.
those trading bots few days ago wasn't effective, because too many dumps from ico owners occured, so they bought cyp and put back the orders in the sell side, but never got bought... so after a while the bot owners see they are in red and just dump again, because it's known: they are day-traders, they just don't fucking care about cyp and development progress.. they aren't here for the long run, they are here for the get-rich-quick scheme overnight... wich literally didn't happened since 2 days ago, because right now, CYP price is very near the bottom so, as the price is incredibly underevaluated, some real buys occur, making trading bots very efficient again.
we all know that the devs team said in june we will see the gold stuff. Do you guys want the dev team to babysit this thread or to dev?
meanwhile, CYP offers a great 10% PoS... so just reduce the offer on the exchange and move your coins to your wallet while this market is getting pwned by trading bots... if you check the distribution tab on bittrex beta (
https://beta.bittrex.com/Market/Index?MarketName=BTC-CYP ) you can see too many people are leaving the coins on the exchanges.... why??? do you believe in a miracle? this is a new coin... a double of triple price increase won't happen soon imho.
so you want the bleeding to stop? here are the steps:
1. be patient
2. reduce the offer of cyp. move them in your wallet and stake
3. let's organize this community.
