I PMd ruggedDan about selling CNC, we didnt make a deal but he said hes buying because its dying and soon people will be giving them away, So I replied "why are you buying then" he replied back " because they will have no value soon" .......
I dont know -
Wow I did not think I would have to spell this out letter by letter but here it goes: P R O F I T.
The alt community moves fast. Coins get pumped and dumped and forgotten about in a matter of weeks now. If you have been watching, CNC was trading around the $0.30-$0.40 range on BTC-e just TWO weeks ago. Today it has dropped to around $0.09. That is approx a 22% drop in value.
It will continue to drop. Clearly, people are moving on to other coins. Just look at this forum! Duh!
I am obviously looking to buy at a discount to profit. And for the right seller, this deal would be good for him as well.
Who would that be you ask? Maybe someone is looking to cash out? Sell me a coin that is quickly losing value instead of waiting for someone to fill your order, thus risking losing even more money while
trying to sell above market price. And in return get funds to buy BTC, or even cash out in USD or EUR. Whatever.
Hope that answers your question. Not even sure why I bothered to answer considering you are not looking to trade with me anyway.
(PS: Your offer was not beneficial to me. I don't use that exchange.)
