Im not sure exactly why the price has gone down, GPU's are selling on the store really nicely!
Because premine is being dumped? duh
Hey BuddyNoobo - No the premine isnt being dumped.. why dont you take a look at the market orders DUH... they are for a few thousand here and there... to put it into basic math for you,, 70 btc went into the IPO (premine), and there hasnt ever been a period of time where the buy book has been above 5 btc.. so even if us "IPO premine folks" wanted to dump, we cant... Its a volume issue presently, along with a price... We believe in the coin and are holding, or picking up cards...
Who really are dumping, are the nvidia and other low volume miners, who thought they could get an easy payday or a 280x for only a few thousand gpu, and are dumping those orders pushing down the market price.... Duh.........
Give us the premined addresses and we clear this thing right now!!! You told us that the IPO investors payed 22 satoshi per coin!!!
We want proof of that!!! At least people who cares for their investment should care since your "IPO investors don't obliviously"
Blaming the little miner?? LOL
Please are you serious??? Little miners as you say are begging to price go up since they don't get any ROI from their crap hashpower!!!
A dump is posting your coins at market and letting it drop to fill the order. Posting orders at your set price is not dumping. I for one, as an IPO participant, have posted my order to sell at a number I am happy with. If it goes higher I don't care because I have made my return and can move on. But, I will not be dumb and simply watch it go to the moon without pulling my order. It's called "being long" and setting your exit. As far as proving the value of the IPO - that's simple math dude and you can pull out your own calculator before you go off. If you don't like the return or believe in the model.... move on. There is nothing to see here for you.
Sure you made your ROI while this coin was at the hype before the release of the store!!! You were smart and probably had a gain of 100% if you sold at the peak of 45 satoshi!!! So maybe almost every IPO investors did the same like a nice tuned worked orchestra!!! But the ones that were dumb enough to invest while it was on the hype are suffering since for you to cash in and the suckers must suck in on their thumbs!!!
And after all of you are happy, the premine is being dumped like a sack of rotten potatoes!!! Premine addresses is all I ask!
SO don't give us the tale of the miner is dumping to profit because that is a old tale for the newbies!!!
If it makes you feel any better, I sold my IPO coins as soon as my investment was doubled. But my IPO was only about 1 mil coins. I have yet to see really aggressive dumping happening. The numbers in the order book look to me like miners selling as they mine, which happens with everycoin.
Phad.
