Someone just market dumped XCP down nearly 30% on poloniex, only avoiding taking us close to the 0.003x ALL TIME LOW levels by a whisker, from a high of 0.0063 today!!. Out of 100 measured altcoins it is currently
THE BIGGEST LOSER. while most of the coins measured are firmly in the green, counterparty has dropped the most out of
every single coin straight into the red
That is insane volatility, and considering there is no news published which could cause such a movement fairly depressing seeing the recent mini recovery so quickly squashed.
I feel as if I have invested in a cursed coin because there is just no growth here over the last few months. Ever since overstock kicked the devs out there is nothing but people looking to jump from the sinking ship. It's been on a downward slope with the slightest of increases quickly met with enough selling pressure to push the price back underwater.
wtf is going on? I have a basket of coins i have invested in,. almost every one is making profit including total shitcoins, whilst this coin has done nothing but cost me money by holding...It is undeniably my biggest loss in crypto despite looking quite promising... who is selling all these coins now??
Yeah, socks, however...
1. .004 is not .003, it's actually 25% away from it.
2. They left Overstock voluntarily.
What is going on is you have a lot of people who would like to sell, but they don't want to sell at current levels. When the price goes up, some people sell. Maybe they need money, maybe they are also superstitious and think XCP is cursed.
I think you'll need to see volume during rallies of hundreds of bitcoins a day and sustained rallies before the price goes and stays up.
Also worth noting is that the price went from .003 to .006 and is now at .0045. I'll take that if it means we're the biggest loser for today.
