I'm just reflecting on the low supply and concluding that pumps are completely different kettles of fish this time around.
After a huge devaluation such as we saw across all coins last year following the manic speculative pumps, coins are in the hands of longer term holders. Ask yourself - who's going to hold onto a coin and not take profits after a massive dump to 20% of a coin's all time high ?
A: Only people who bought to hold long term.
i.e.
on the way up, it's buy to dump
on the way down it's buy to hold
So we have a completely different type of holder this time around. That's why the supply is so low (plus a ton of it is now tied up in masternodes). We won't see anything like the dumping we saw last year (though there will of course be corrections).
That's also possibly why the price hung around for so long in the 5-7 range. There just wasn't the liquidity anymore for any large buys (even 1 masternode) at those prices. A revaluation was is required.
Even so, I can't help looking at that Cryptsy order book and thinking - forget price hikes, this market looks in danger of going bid only.
That would be a first in crypto and a very interesting phenomenon.
(Cryptsy's already there as far as masternodes are concerned - bid only. How's about that ? Cause for an Amber Alert)
Interesting point you have here.
Turned on the computer and looked at the charts , immediately thought that IX had started without looking at DCT yet.
turned out that IX still on testnet.
There is so much trust in DRK that at a certain level its dangerous to sell your DRK , I think we have reached that point right now, of course bag holders can still put up a sell wall, but part of their holds are in MN.
Don't know exactly how BTC started the Big snowball effect in 2013 but in DRK's case something just has to lit up this fire......