The big BTCD sellers is back at .00320. For some reason, he is trying to keep the price down. I don't get it, but it is good for those who want cheap BTCD to convert to KMD.
He is obviously someone who owned a lot of BTCD, and is not interested in Komodo. He is just not interested in the project. Maybe he thought BTCD would rise more and he could sell higher, but now thinks its his last time to get out before BTCD price tanks and Komodo struggles. I am not saying this is happening, again I bought 2500 BTCD from the guy, but once Komodo is issued and the market determines a price for Komodo, then BTCD will be priced against Komodo. Because at the point, people can easily arbitrage the two coins - if BTCD is still cheaper than the swap ratio, people will buy Komodo, swap for Komodo and sell Komodo for a profit.
So this guy, or gal, believes that Komodo price will not sustain high enough for BTCD to maintain its current value.
This could certainly happen theoretically. Without Iguana gui releases, marketing, promotion, exposure, Dex, direct utility, etc, then Komodo price risks falling about issuance. How loyal is the investor base? How likely are they to hold or sell? These things will determine Komodo price and BTCD over the next 6 months.
Nope, if that was the case, he would be selling at .004000 or higher. Instead when the price rises to .003600, he starts selling again at .0032. And also he would sell maybe 1 or 2 BTC worth at a time, instead of putting up a 13.7 BTC wall. He is obviously trying to keep the price down.
