I wouldn't be surprised if the huge sell off wasn't the same person who's been pumping the price up over the last week, but that's just my opinion, and that sell wall is very suspect
I'd be very interested in hearing everybody else's thoughts on what happened today on bittrex
Agreed. Probably the same person or group of people...
Well that kind of "manipulation" has happened before. The problem is that I can't understand the logic behind this guy or group of people brains (yea yea I know the sell high - buy low whale logic).
We were at 0.00015 and went to 0.00010 which WAS FINE, because when there is a pump it is expected that the price will not maintain at the highest point, but to crash the market below 0.00007 and then put a 200k+ WALL ON IT is just dumb as fuck if this guy wants the coin to get the proper attention. One Megawatt Hour of Solar Energy trading at ~3 cents -.- really? Why are people so greedy? The coin was going forward and at one point there were only 50 000 coins on the sell orders distributed from 0.0001 to 0.01 which was great. But those greedy motherfuckers saw that and what we have now? Over 400k added and they are selling them as cheap as fuck???
Let's say that the casual "Joe" who has solar panels wants to start claiming and he knows the idea behind the coin etc. and let's IMAGINE that he can claim ~10 coins per year. Then he goes to bittrex to see the "profit" he makes and realize that he can shove his coins in his "ass" because on the other side we have some "biggus dickus" guy that doesn't give a shit about the coin and just wants to get a few bitcoins with his
amount of coins - a number that an entire continent may reach after a few years of claiming. How to get serious then? How can we hit the REAL PRICE of One Megawatt Hour of Solar Energy if at any given point someone may crash the market below 1 cent? How to stimulate the average Joe to even bother claiming, when he gets crumbs for it?
So what is the solution of that "premine" that is holding us back, because of people who don't give a shit? Well the only thing that comes to my mind is to empty their bags... But we know that we can't trust people so at any given point someone of the other large holders may do the same shit because they need money - this is just a fucked up circle. This is like seeing your garden bloom and then a hailstorm at the size of a brick cross over to give you the finger and laugh at you...
Anyway we are slowly growing UP (yay let's give us some hope now). Don't forget that similar shit happened with the bitcoin at the beginning. Another thing is that we are talking about a 40 year project so our state atm is like a 3 year old child - everything can happen to him so his parents (us) must protect him (well unless they need MONEY and decide to SELL him for a few bucks, but that is just how life is...). So don't give up the hope and don't forget, that the good things happen slowly. The people behind the project (Nick etc.) are working hard and they are showing it. Time heals everything (well except if you SELL your child for a few bucks - that's just fucked up). Don't forget that this now is an opportunity to buy cheap coins so if you can and I will quote Shia Labeouf here - "Just DO IT"
So yea... My Hope Will Never Die
https://www.youtube.com/watch?v=YBJhzfvdyKw