If there will be no better statement about the suspicions about that Insider trade,
this price now will be high. I see a downtrend and thats also bad for me old hodler
not really. there was an reasonable dumpings. they happened right after PND coin got dumped. We still have to figure out that the deal is. What if rumor has it that LTC market will be removed from mintpal based on moolah wanting to improve mintpal.
lill.com had not even started to implement karma coins. We have yet to see it potential of this service.
people so focused on the "$$" deal that lost track that this coin is more then lill.com
and please. stop saying inside trading. No one on the team knew what kosmost was up to. He made his statement of new news on this day days before. there could be just a freaking accident that this mysterious dumping fell on 24 hrs before
1) your point about other information such as Karm/LTC delisting is possible.. however Moolah recently released a list of all the coins they will support in V2 and Karma along with all the other LTC traded coins are on that list. this means that it would be very unlikely.
2) unfortunately kosmost will have to wear accusations of scam from people who have not been with Karma for along time because of the lack of proof RE the VC offer. this goes with the territory of unregulated crypto investing.
3) the dumping that occurred directly before the announcement and lack of dumping after the announcement suggests that someone knew ahead of time that the deal wouldn't work out. This does not mean that info leaked on the Karmashares LLC side. it takes 2 parties to negotiate.. who is to say that the VC themselves didn't dump their own Karma or tell a "friend" that owned a substantial amount of Karma. who is to say that the VC offer itself wasn't an elaborate hoax designed to pump and dump.. since we have no first hand information RE the offer itself. we cannot confirm whether it was legitimate or not. This is why the price didn't rise dramatically on the news of a buyout offer, because most people were waiting for confirmation of a deal.
So even if Kosmost acted entirely in good faith and did not leak any information, that does not mean that this whole lil.com offer thing was not a scam or a pump and dump. Those people who have been with Karma since the beginning know that Kosmost has a good track record helping to stabilise the price from 18 litoshi up to the several hundreds. We also know not to expect him to do everything for Karma while others do nothing.
at the moment I don't think there is enough information to point fingers and I don't think there ever will be, so lets all try not to get too overly emotional.
The best thing any Karma holders can do right now is to take a deep breath and reflect on how this affects you personally.
If you lost some money then you should look at your own investment decisions and your own greed and learn from the experience.
If you bought some cheap Karma on the dumps just think about what you can do with that karma and how you can use it to help others.
This coin has room for more than one leader, more than one company, more than one buyout deal and more than one whale.
1) the removal of ltc was something i said that would make more sense then thinking inside trading. Just want to point out again that selling all the way down to 14 litoshi is .. well madness. what trader would make such decisions. karma was stable enough before the lill.com deal to see that the 30 litchi sell level is huge losses. ignoring the ltc market removal , an hacked account makes more sense. again this sell is mysterious for sure. not denying it. being so close to to the news deal. but that huge amount makes it just... so confusing. who would sell . why? at what gains. nothing else has changed, the team will keep pushing. whats the point selling that low. crypts still has some "okey" volume. ....
2) i dissagree! kosmost has shown nothing but positive action regarding karma involvments. he doesn't like to kiss and tell but he has put a lot of $$ into it. all the things that sprung since he and us took over is mostly picked up by him. He should be the last person to point at. again that huge dump is just so freakish that it happened. but i can't possible allow others to think its inside trading. its just bad trading to sell so many coins to a coin that was maintaining the same volume before the sell and during the ongoing sell... if inside trading they could have easily sell 100 mills between each day for the many weeks this "fake deal" went on.
3) again this can not be considered pump n dump because there had to be a pump... i am not on my main comp so i can not chaise data and charts but if i recall correctly there was like..3-4 btw volume at first announcement. then price stabilized to 1 satoshi fast. by the time the news of the second deal came out (which was more mpayout money) there was no buy orders. i remember people making post of the lack of the "hype" and buy volume. the market did not react at all.. im am sure the charts will show flat line of 1 satoshi level. This only leaves us back to this mysterious "dump" that just does make economical sense. even if some one pumped 3-4 btcs.. that still would make them to have 400 mills (if one person) max. all the sells were x5 more... i just can not begging to explain the dumping. the only thing i can see is how close to the PND dumps it was which they also experienced massive hundreds of ltc sells.
i can firmly discharge pump and dump as it has no real volume to back it up and i can vouch that inside trading between the team never happened. i had to F5 this page just like everyone else here
The best thing any Karma holders can do right now is to take a deep breath and reflect on how this affects you personally.
If you lost some money then you should look at your own investment decisions and your own greed and learn from the experience.
If you bought some cheap Karma on the dumps just think about what you can do with that karma and how you can use it to help others.
This coin has room for more than one leader, more than one company, more than one buyout deal and more than one whale.
+1