All the XPY walls were broken down to 0.001 BTC and that's where it's headed since it now needs fresh buy's in order to support the sell pressure. Anyone in their right mind would never touch something that is continually making fresh lows like this and who has 100k XPY anyways to just dump on the market..
As price drops lower and lower eventually people follow suit and sell at a loss in order to make any money back, it puts it in a death spiral.
As price drops lower and lower eventually people follow suit and sell at a loss in order to make any money back, it puts it in a death spiral.
Looks like we hit 0.001 now, should it be time to be making some more predictions?
The Moon-skyTM , soonTM.
So the death spiral thing is that the price is so low, GAW and friends have 98% sell pressure and cashtakers, they can only sell.
Currently 35k XPY to 0.0095, how much do you suppose they need for their power bill?
They wont even cover 10% of the bill dumping into the full market depth. Infinity and beyond!
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