I mentioned that ~ 1 Million is circulating (you can buy 900k on kraken, then there are no sell orders left). Only a small friction of that is what drives the price the whole time, the rest is getting HODLED.
If I would sell my ICN now I could smash the price to .00025 right now and I´m no "whale" or crypto pro, honestly this is my first bigger crypto investment
For that reason don´t take the price dumps too seriously if there is no valid reason for it, as a single person can make huge effects what psychologically might represent the masses in your eyes, but it isn´t necessarily and might just be a single guy sitting in front of his PC laughing about those getting tricked again
If I would sell my ICN now I could smash the price to .00025 right now and I´m no "whale" or crypto pro, honestly this is my first bigger crypto investment
For that reason don´t take the price dumps too seriously if there is no valid reason for it, as a single person can make huge effects what psychologically might represent the masses in your eyes, but it isn´t necessarily and might just be a single guy sitting in front of his PC laughing about those getting tricked again
Gotcha.
What's unfortunate is that this kind of malicious attack can be really unnerving to newcomers, so it's almost unavoidable that some newbies would get duped. Those bad guys are preying on weaklings like this.You know what's amazing?
Almost 60% of ICN still being left in ICO wallet, that tells me this group of investors has got balls of steel.. LOL I'm really proud of you guys, and I'm very glad I got on the train.
i wouldnt be too worried either. there were no special news last day and no special event. Team made their presence in Vienna and that is it. So this price volatility is almost 100% just people trying to get in cheap
Shame I had high hopes.
