Just looks like a mass exodus for DGB at this moment in time something has gone very wrong...sell orders are staking up on Poloniex & its only set to get worse...shorter block times & half rewards may not be the best way forward at this time well at least a lot of so called investors seem to think so...lets hope the NEW gift for DGB is going to be something worth singing about this Sunday
No, this is the typical altcoin market scene, and trader panic. This shit is so predictable.
not forgetting Periodical Whale Dumping. usually in amounts of 10-40 millions of DGB all at once. just look 1 month back on poloniex. it has been happening for several times already. the whale can be a mega powerhouse miner selling it off or a whale manipulating the market.
People who dunno a lot about trading (or rather Crypto Trading), you are gonna be pretty lost and confused, especially if your trading strategy is weak and don't have enough capital (you should be fine if you have 1BTC to trade in DGB while its below 100SAT). but for me, whatever goes. just go somewhere - price up, i gain. price down, i also gain. the only time i don't gain is when there is absolutely no movement.
And this is EXACTLY the kind of thing that i don't really like, even though i know its the norm. Which is why people have to learn the ropes of Crypto-Trading for now. not sure about the future when exchanges becomes more regulated which i guess the price will be too. DGB is doing very well...but the price is putting off many people, be it majority or minority. There is nothing much one can do when up against a whale. whale = buying/selling power = control market price. You just need to learn and adapt to the movements of the whale. That is where your trading strategy comes in. simple as that.
◈◈◈ Trading Tip ◈◈◈
Having trouble trying to get your sell/buy orders filled up? That's because it's probably behind a HUGE sell/buy order.
Check the list of orders and put it in front.