I was watching the market as the first half of that happened I have a very strong feeling most of that volume was someone buying their own coins back to themselves.
lets not forget some of these folk have millions of max and its easy to swing that market with next to nothing.
Anyway I from what I saw the sells and buys got placed in extremely quick succession and were matched by exact values on the trades. Coincidence ? .. OK
You could see it pretty clearly in the trade history while it was still on screen sure it went on long after I stopped watching.
Historically max has only one shape to its market graph but I'm sure there will be a mass hype at some point.
Taking part is up to you, your money.
Well, I must admit, I considered for a microsecond buying back at 500 sats, when I sold at 2-4000 sats.
Definitely would have increased my position with the same BTC value, from 4-8 times the original Maxcoin holding.
So, hypothetical, selling 10k Maxcoins at 4000 could have turned into as much as 80k Maxcoins at 500 sats, definitely a better Maxcoin position.
Crazy to think at how hard that 70k Maxcoin difference is going to take, trying to mine it, now with the 8 Maxcoin reward per block.
500 sats feels like the floor ... and I can completely understand the move ...
My money/BTCs have already bought Maxcoins at 400,000, 300,000, 200,000, 80,000, and 30,000 sats ... so, no more money going in ... I'm still down something stupid like 99% of a tremendous amount of my BTC invested since the beginning, not to mention, never selling my mined Maxcoins for 3 years, until recently as described before.
So, the only time I will make another move, will be to sell the remaining Maxcoins, should anything astronomical happen. And until then, my attention is elsewhere.
Should nothing really happen, then, those sitting in my wallet will just stay there ...
Right or Wrong I have always played max as declining market mine - sell - re-buy sell re-buy etc.etc ... usually good % all the way down boring and predicable
There are the same number of max above my buy orders now as there were 2 days ago but the book is now stretched longer.
The coins I picked up before the recent "activity" are now sold into it but I see no reason to move my buys up the book, I'd agree 4-500sats is about right
I'll be patient for the inevitable .. I have a bag on standby
maxcoin antics seem a bit transparent for me to support the nonsense. That's if I'm right at all.
There are more exciting markets to play .. still.... popcorn at the ready!
Hey Iv'e got an idea ..... make max a POS coin and go twitter crazy
on how much a 1oz bullion sold for