Agree - A little trick I use for judging whether a pump consists of Many people buying as opposed to a couple of big buys, or whether it is sustainable to keep going up ; Is to look at the time between orders. If you see say 15 orders at the same time it is a one person buy up, if you then see nothign for several minutes at a time or longer then you can be sure it is just one or a handful of people acting.
What we see with Karma is a trickle of orders, with a lot of time in-between. Occasionally, due to artificial lack of supply (people holding them in Karmashares or in their wallets) as opposed to genuine scarcity (the coin is still being mined by the 100s of millions each day) the price spikes when say 100 LTC is bought - this is NOT a sign that the coin is going "to the moon" - its a correction that must occur to keep the price and reward from mining Karma in check with the price on Mintpal. Karma is currently being hit with ASICs which is forcing the nethash up drastically - this means in order for the coin to be moderate profitable to mine the price must 'correct'.
It will interesting to see what happens from here - I predict it will level out with low volume and people will start to realise it aint going anywhere, that is when the first 20 or 30LTC sell will be placed which sparks the chain reaction down due to lack of substantial buy support.
Id be surprised if it goes much lower than 47 - although sometimes a coin will in fact dump even lower than the previous stable threshold due to people losing confidence in the buy support e.g. "shit, it failed to break X litoshi again, time to go down."
Fun and games whatever happens.
The other thing to look at is news. What new information has come out over the past, say 48h? Nothing.
We will most definitely see REAL pumps later when the projects start going "live," but this isn't the right time.
while true, i think so far we have genuine buy backs. therefore do no expect this coins to come showing up in sell order for another 30-40 ltc higher. the only people dumping are the miners as it seems. having 100 mills coins mined. it is proven to show that this coin price has been underlined for a while.
the constant buyer i believe are people who are recently discovering this , some dedicated members and few trades looking for a good trade. I doubt this will hit 40 litoshis prices as it will need to sell back those 800mill coins already bought.
as far as new news? the news have always been there. the team is constantly build things to support new comers. we are trying to make everything transparent at
http://karmashares.com/forums/index.php forum. i believe karma is still underground and not a lot of people are are of it. when this coin first lucnhed everyone was here. they all loved it. But then the new fad of N-scrypt coins to IPO to x11 coins started and they realized that this coin will take for ever to make them a quick buck and they started to follow the trend. when BTC crashed in $400 it caused our coin to crush. Leaving who ever else was interested to abandon ship. they thought to sell it before it too late.
After some very hard work the team has made sure this coin to be alive and slowly grow back. Therefore i believe as people see the thread being bumped the probably ignore it thinking its the last dying members. But then slowly by slowly everyone is coming back as they finaly see the spike in the prices. then they all rush to buy some
Am i saying that the coin is going to go only up no and never back down? of course not. but at 30-40 litoshis this was a level way to low. So if you sell your coins , just know that the coin should not go lowe then 10-20 ltc of each peak. hence my theory that if you bought at 40 Litoshis and sold at 80 litoshis you might make a profit. but you will not be able to buy back as many coins as you owned back. its my theory. as i doubt people will want to sell lower.
. Almost to the end of the month!
