Hi I/OCoin,
It seems you are aware of what is going on, on Bittrex. Clearly you have a bot on you, that keeps buying only to then sell for lower prices, IE: Pummel your price into the ground, so everyone thinks this is some kind of useless coin with no developments, as only coins that are useless and have no developments are in this price region (many are higher).
Question: What are you going to do about it? As i type this you are at 657 Sats on Bittrex, this is real bad, to say the least, you guys should be easy 5k sats+.
What is also very bad, is that it seems no one is doing anything about it and you are letting your coin die, you have done so much and are working on some great things, please do not sit back and let these people kill you, because right now, you are in Critical condition.
I want to know your plans, before i invest any more Bitcoin into you.
Many thanks.
Hi CoinAngel,
Thanks for your reply in this thread and your concerns.
What can we do about a bot? nothing. What can we do about the price ourselves? Nothing.
But we can keep developing and investing our own money in the projects we are doing. We could spend the BTC to buy more coins ourselves, but that doesn't help the value of the developments. The less BTC we have for developments.
Eventually the bot - if that is the case - runs out of effort or a big investor buys a large chunk of the sells so the bot must stop, then the price will start to emerge again. Then it is very important we have maintained the investing in multiple developers and projects.
So the only thing we can do is spread the word of I/O Coin and keep the developments coming. Create a new community of investors and believers. We are also talking to new (large) investors who want to join I/O Coin and buy a large chunk of it through a market buy.
A better question is what can believers of I/O Coin do to help. Well, i would say keep buying, but i rather say, spread the word of the developments, keep positive and maybe help with projects we are doing. And eventually if you think what we are doing is right, invest some.
A new website of I/O Coin will be launched with project info and status info.
If you want to help us and want some extra inside info, I would like to invite you to our slack chat so we can discuss the ideas.
To enter slack:
goo.gl/Y0ppnX (slack is invitation only - that is how slack works) or send me your email address through PM.
Regards
Richard