well, someone seems to be sick of seeing the low prices and is buying quite a bit of SLR on bittrex.
There's quite a hefty buy wall there too at 375.
Gotta laugh at the trading patterns emerging. Someone (obviously) is playing with solarcoin…however, it's worked out nice for those of us that are trying to accumulate.
They keep doing dozens of minuscule trades, for <50 coins, and probably back and forth (buying & selling), so that it looks like that's the current price. Then they throw a 200k or 300k buy on there, to see if anyone wants to dump at that price. Pretty funny, yet obviously doable without any regulation as to who can buy and sell, and how much or how often?
I have enjoyed picking up more solarcoins at these low prices.
It still looks like it'll take higher prices for someone to accumulate anything substantial in volume, unless someone decides to dump a good size holding without knowing?
Who has the kind of time to do all those little trades and fiddle around putting bids and offers up like that? I sure don't! Even if I did, I can't imagine doing that.
HOWEVER... whoever IS doing it is likely reading this thread, right? Chances are pretty good the answer is yes. So... given that, I have something to say to this person.
THANK YOU! You have provided much needed entertainment and distraction while we consolidate and build a base and recover from the "difficulty syndrome" that afflicted all of us for weeks. The small amounts being traded aren't enough to move the markets, so it's quite harmless as far as I'm concerned. Obviously whoever is doing it isn't intending for it to hurt SolarCoin. If that was the intent, then doing sub 100-sized trades isn't how it's gonna be done. So, yeah, my opinion on our double-digit ghost trader is that he (or she) is alright. Imagine how bored we'd be if it weren't for this???
NOTE: One more thing!!! Whoever you are, I want you to promise me that when we are at a future SolarCoin convention together, you'll come up to me and whisper in my ear, "Ghost Trader" and I am gonna buy you a drink and I won't breathe a word of it to anyone.
NOTE2: Upon further reflection, that's a bad plan...
Now I'm gonna have all kinds of people whispering "ghost trader" in my ear trying to scam a free drink. Sigh... I really should have thought that one through a little more...
NOTE3: There
will be a SolarCoin Convention.