1. Massive Eca pump the days before CM closed. 90% vol (Increasing 10000% over 1 week)
2. CoinsHouse and CoinsControl open the same day when CM close. (Same owner as CM)
3. Eca Discord warns user not to withdrawal on CH and CC (aka you can’t withdrawal, only buy)
4. No one can withdrawal more than 0.1btc from CH or CC (They will send to the wrong address etc)
5. Eca added to CryptoBridge fatbtc. No volume. (Basically no one buys Eca)
6. CM has over 20billion Eca. Basically 90% of Eca. If it were to open Eca would be worthless.
Conclusion: Classic pump and dump exchange/coin.
Lesson: Never buy a coin that is only traded from one source.[/b][/color]
You are extremely exaggerating...
1.correct - massive pump - almost no volume at all at the start of december, price below 0.1 sat - (or below $ 0.000004) so the actual price increase is more like 2000 times - or 200'000 % within about more than 2 weeks. But the increase also happend to other coins on CM, and the volume of CM increased from a few 100 k $ day to more than 10 mio / day. So, that they would crash seems plausible (CM was always a very marginal exchange before december, and looked pretty unprofessional) So, that they couldn't handle such an increase seems plausible. But there reaction isn't - agree that it more or less looks clearly as an exit scam now, although they are still staking most of the coins..
2.Coinhouse opened a few days earlier, but was absolutely unknown, ofc. We don't know anything about the owners of CM, CH, or Coinscontrol. To claim that they are the same seems a bit far fetched, at least they dont use a similar web-interface, and have two factor autentification. And besides ECA, they only listed very few (if at all) coins that were also strong on CM.
3.Don't know what your talking about, withdrawal both from Coinhouse and Coinscontrols usually works. It seems that there is an issue with Fatbtc, as they require a relative high minimum withdrawal and rather high withdrawal fees. (My withdrawals from Coinhouse and Coinscontrol all went to the correct address..)
4. Wrong - I did withdraw ca. 2.5 BTC from Coinhouse, in 5 transactions over 6 days. The only problem was, that the later transactions were first declared "suspect" and needed a support ticket to get cleared. Don't know if they improved it in the meantime, was in early january. Withdrawal from CC - no problems, although no large amounts.
5. The volume on Crypto-Bridge and Fatbtc is rather modest, although much higher than on all exchanges combined before the mid of december. So, not that many people want to buy (thus the price is declining), but there is also no real dump. For a decent pump, you would actually need a larger exchange, that would attract potential buyers.
6. According to my analysis, CM has ca 5 Bio ECA, and is regularly staking. (Where you get the 20 Billion figure from, IDK - this is definitely wrong - I could easily point to accounts holding >10 Bio ECA that are definitely NOT at CM.) And of course, the ECA telegramm or discord group would give you much lower numbers, but the fact that the admins there spread "confidence" in CM returning as dogma should turn people away...
Classic pump and dump coin? Hm, are there many others - probably 99 % of the people that recently joined the crypto market just did so because they hope to get rich quick. They don't do any research, and thus most coins rise due to pumps only (easier on ONE large exchange, e.g Bittrex) and not due to change in fundamentals. And some crash after pumps. But most people are just blinded by "whitepapers" that promise a big future, but will mostly never deliver, or not meet any demand in the global market.Or jump in at high price because of FOMO. So, pumping is the only way to make monney in crypto... (or day-traiding). Everyone is mostly looking for bagholders. I don't really claim that Electra is better - but this is something you could say about at least a thousand other coins (and especially most ETH-Tokens..)
. Maybe you should buy 1834 1/2 more of them so you can stake them better?
