Something definitely stinks on Mintpal lately, and I'm talking for all coins except DRK.
Every single buy is met with 1 or 2 micro-volume sells a few seconds later.
+1, we (IE, Asceric, etc) noticed this yesterday. Caught it multiple times in the last 48 hours. I can only speculate four driving factors:
1) Mint was skimming since we are going into the thousand thousandth's of decimals. At this rate, no one would notice x how much BTC volume. Hard to fathom the net total here. Why was XLB value on Cryptsy so much higher than Mint when we first got on yesterday? Then a correction?
2) Deliberately driving value down to entice more trades and therefore, more trade fees (ala money in the bank). Think about it, would you be more likely to trade a coin at .01 BTC or .000001 BTC?
3) Miners and large holders from Day 1, taking their gains without giving the coin they mined and bought into the first place, a chance. Which would mean, we'll break soon and then there will be new highs with resistance, naturally, going forward.
4) Freak of nature and goes against all physics and mathematics that all of us Einstein's can't even figure it out. Like a black hole, which is BS
I'm not saying Mint or certain members are bad business practice but I'll go on record and say that prior to Crypsty adding us, I played the field to see why we were down. I bought small increments and once I hit a certain volume, multiple sell walls magically appeared in lower and lower increments. Systemic, robotic, malicious.
As I stated yesterday, I generated a ticket, no response yet.
