I think I watch too many detective TV shows, but I'm suspicious of recent HBN events. Here are my 1 + 1,
First 1 is that an exchange with HBN was recently robbed
2nd 1 is HBN experienced a massive serge immediately followed by a moderate dump
the following is my '= 2' explained:
In the past when the thieves sold from exchanges they focused on BTC because it had enormous value, now that btc's value has dropped, and so many alts CCs are doing well the thieves are taking many other coins too.
Unlike btc, ltc, and doge that have so many buyers and sellers for the given supply, such can't really be said for the alts especially HBN, so when a small exchange is robbed and all of their HBNs are taken the thief runs to Cryptsy bids up the value then dumps the stolen good on unsuspecting buyers. To make things worse some of the buyers are literally buying back their own CCs at a higher price than it was worth when it was stolen from them.
That's my 1 + 1 = 2 results, what do you think?
Even if the facts of the matter are wrong, the merits are sound as such things should be done to limit potential damage. Here is my top suggestion, delist HBN from all exchanges except Cryptsy; only allow exchanges with a proven track record of responsible performance like Mintpal to list HBN, in this way the above scenerio has less of a chance of effecting HBN.
The scenario does make sense...
If that's true then a lot of us, including me, have been duped..... twice
Oh the humanity!!!
