Socoban and his minions, why are you guys spreading FUD here... I doubt you Socoban, you are trying too hard to create panic sell and you were the first one to accuse Karma team and that to too quick without any solid evidences.... The early Karma supporters will know for sure that it'll be completely illogical for any of the Karma team to do this now at this price point. Also you openely admitted in this forum that you performed market manipulation tricks like this in the past. So from what I can understand, you and your team are behind this dumping to create panic sellings... Stop spreading FUD and accusing the Karma team without any evidence, this is too cheap...
lol:) Thanks. I have been buying KARM since it was 300, so you can imagine how I feel when I was buying last days at 120-140 price to average my investment at 180 Litoshi. When I finished and inveted 95% of my free BTC into KARM, someone dumped it to 20 litoshi. I feel like an idiot. Right now, my KARM portfolio is worth 50% of my investment and I have almost no free BTC left. If this crash, I am out. I will not invest another $$$ into any coins. Scams are everywhere, if KARM was scam, than I will never believe anybody in crypto-world. I will keep karm and hope for miracle, same as I am keeping many other bags. Btw, when I manipulate price, it is only upward, and only on coins I think have future. I hate cheap coins.
Anyway, here is my opinion what happened. If there was really someone mining KARM few months ago with 95 MGH, than he definitely mined billions of KARM, since reward was huge those days. He was dumping it until KARM started to grow. Than he was waiting and dumping very slowly because he hoped for bigger profit. Since Kosmost announced 1. september as a day when KARM will skyrocket or dump, he decide to split his investment probably into half. He did not know what will be an announcement, so he dumped some of his coins to take sure profit before potential dump will occur and than he withdrew rest into his cold wallet, just 30 minutes left before end of august.
This is the wallet he withdrew to few minutes after dump:
http://explorer.karmacoin.me/address/KFz9bEkWJsNuNojopV78Z85ab8s1WRHnKrThis is his another wallet he withdrew to earlier on 31.August:
http://explorer.karmacoin.me/address/KHMhkU7BNPZ4XixBmo1XBfSnofdKf4hSmd Both are from same exchange, probably Cryptsy.(Cryptsy has 99.999.999 withdrawal limit, and there were many transactions at 90.000.000 KARM).
That withdrawal on last day of august is the only argument I believe is proving dumper did not know what will Kosmost announce. This calmed me down.