Whats with all the dumping tonight on Cryptsy and Mintpal? 33 Litoshi? Seriously?
This pull back was expected, you have to think; there was an all out frenzy to get as much Karma as possible by many investors to meet the LLC shares deadline. This skyrocketed the price instantly. A pull back was anticipated, the price and volume will start to build again as soon as more projects become public and Karma receives more publicity around the net. The LLC is still in its infancy, riches and success doesn't happen over night. The people unloading now don't care about the coin or its purpose, they were just in it for a quick buck and as soon as the coin didn't continue to go up they finally got scared or board and just unloaded. This is not a pump and dump and in the end i believe the most loyal will reap the rewards, as that is good Karma. The beginning of any venture where you are a pioneer in your sector is always a roller coaster ride and if you are not in it for the right reasons you could very easily end up with an upset stomach. If Karma will succeed or fail only time will tell, all i can tell you is there are allot of Karma team members that are busting their butts to make Karma succeed. All i can ask is if you are an investor or a fan that has any type of dev or tech skills that you can bring to the table let us know. All projects are developed by Karma investors and like everyone they have some limitations and day jobs so the more we help each other the faster we can pump out awesome products to blast the Karma value and volume to the moon.
I think it's alot simpler than that - Just looking at Mintpal, about 70% of all coins are down, most between 5 and 20%. BC is up with high volume, DRK is 35% up with over 2000 BTC volume. It is more likely that certain greedy individuals are just dumping all they have to ride the BC or DRK train! They probably think "Hmm I can sell for a 20% loss but I'll make even more profit on DRK or BC and then I can buy back KARM cheaper!" - That attitude doesn't work guys. If you didn't buy in BEFORE the coin shoots up its too late. I was thinking about buying a few hundred bucks worth of Libertycoin yesterday when I saw it shooting up past 12,000 - Then common sense prevailed and I realised it was a pump n dump and the only winners would be those that bought at 500 for example. Sure enough Liberty crashed soon after and hasn't got back up.
Be sensible, don't dump coins that have a low volume for a loss - there is a good chance you wont be able to buy back the number of coins that you sold due to the shear lack of availability at each price. If I dumped 40 LTC worth for example, which would take it down to 30 Litoshi, in the hope of making a quick buck on DRK or BC - I would then have to buy up to 42 Litoshi just to get my 40 LTC worth.
Think it through, Stick with KARM and you'll get ahead.