Markets move in cycles and so do the manipulator(s) it seems. So here is how it works:
-Devs deliver some good news (which they always do to be fair since every
single line of new code they write is good news as far as I am concerned)
-Manipulator gets all
happy,
jolly and
excited-Manipulator declares that he will be buying at said price when he/she is actually selling (in chunck of 26-30k)
-Manipulator asks community for Bid support to preserve the coin's price when he/she is actually trying to dump above a certain price
-Manipulator claims that the sell side is being suppressed and coins are going into day traders hands and not holders when actually he/she is the one suppressing the price.
Why you may ask? well because the manipulator is now trying to
buy back in cheaper-If price suppression alone isn't working then manipulator starts to
panic as the price is keeping steady (+ or - 15% in alts is steady imo) and he/she can't just keep selling his/her coins in fear that the price might go
nuts-FUD: manipulator starts spreading Fear, Uncertainty and Doubt amongst the community about project
direction,
speed of execution,
random comparisons with random coins,
talking up what
other projects seem to be doing .....etc
in hope that other people will react and dump lower than what he/she sold for so that he/she can buy back his/her coins and bank a profit
-Devs deliver what the
manipulator sees as
good news and the
cycle starts againThese cycles happened numerous times since IOC started recovering after the altcoin dumps of late 2014/beginning of 2015, IOC went from 500 to 3000 and then back to 1500 and up to 6000 and down to 3000 and up to 13000 and down to 3000 and up to 32000 and down to 13000.
The good news is, this recent jump in price took a lot of coins
off the manipulator, my feeling is that he/she is finally losing grip on the market which is
great news to the project and the community.
The community is
growing, I am honestly amazed when I look at the numbers from the last month or so where the number of twitter followers (amongst them were many VCs, Banks, FinTech specialists) has
increased by circa 300, slack has
grown to more than 135 (I miss the days when it was around 45
), IOC has been to
conferences,
won awards, the project is getting
recognition from within and outside of crypto. The market cap is few fold what it used to be so
honestly the
good news is everywhere you look as long as you look
objectively.
TL;DR
a message to the dev team and the community:
You are all AMAZING and my message to the manipulator is my bitcoins are hungry for some IOC
and apologies for the long(ish) post