Grab a cuppa!
If only less effort was put into checking the price every 5 minutes and more into finding ways to support a coin!
The downward trend... seems someone wants to buy KTK 100-200 sat, and has been slowly listing sell orders at lower prices for the last 7 days (since the market was enabled after the Bittrex DB maintenance). He wants it trading at the lower price to accumulate a bigger stack. And it's pretty easy to achieve when there is little buy pressure. Only need to look at the sell orders and how they are set to see what's going on!
So everyone do not feed the greed. The only way it will work is if others start trading at that level. The person has a certain amount to push the price, and selling into the buy orders means he will be looking to rebuy at the lower prices, so for those who still want to support KTK. Simply don't play his game!
Maybe I'm wrong, but if he wanted to sell all his KTK would just dump all instead of slowly pushing the price down for a week.
*EDIT* point in case...New sell order: 0.00000303 56302.54000133
Now watch as new orders slowly get placed down to 200 sat. Don't feed the greed of one person and play his games! Easy solution don't sell into the buy orders!
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In respect of development nothing has changed. Someone pm'ed me asking if I'm still working on KTK! what?
Only a few days ago released a wallet update. It wasn't any new features but come on people, would I release anything if I wasn't still working on KTK?
I'm pretty sure I've said it a few times, I'm focused on the marketplace. It's not a 5 minute job...
For one, the online wallet is being worked on to add an API, so it can be used for the marketplace to send/receive payments easily. The code for the marketplace will split the payment between multiple addresses, so the marketplace fee is automatically taken, and the same if there is an affiliate who promotes X product and a sale is made they also get their commission at the time of the transaction.
It will work exactly the same for btc transactions. The code for btc will be finished this week, then integrated into the marketplace next week. Once the api is ready for the wallet, that will be pretty quick to integrate. Once that's done I will give a release date.
I
may release a video demo next week of the btc integration, just to show how it will work for a customer to buy. But there is not going to be any new news, as I've already said above nothing has changed. The only thing in development that hasn't progressed and going slower than a snails pace is the andriod wallet, so once the marketplace is live that will be the focus. A decentralized wallet, not centralized that I've been offered on multiple occasions and is nothing more than a online wallet!
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Along with the % profit share with KTK holders, I may also offer shares for further % of marketplace profits. And use the funds to hire a company to build various wp themes/plugins and templates to sell on the marketplace. Instead of just relying on profit share on fees alone, it's generating a bigger profit from direct sales on products the marketplace owns. It would also give a budget for marketing/promotion through various online advertising (
and no not hiring an overpriced pr company!).
I don't want the focus to just be about trading, that only benefits the few with many losing out. The marketplace is one way to counteract that, when it's generating revenue it will support future KTK development and pay supporters who hold it, stabilizing the exchange price. Giving confidence in KTK, instead of waiting for the "right time" to dump and move on to the next.
This project isn't a short term trade, it's a long term accumulate and hold coin. Those that do will be rewarded!
We are getting pretty low on price. do we have any good news coming out soon?
Yea and 24hr volume is down too.
We have 2 big buy walls and if they go down, we'll be heading for 100 sat
I still don't understand why people choose to invest in clearly scammy coins instead of a good solid coin like KTK
We need something to boost interest in KTK.
Well the price is about right now, there has been nothing new for a long time except that minor wallet update, unless dev has something next few days those buy walls are gone and coin also
Tommy, bud is it you playing games on Bittrex? lol
Where's your online wallet? you of all people should have a better understanding of how long things take, seeing as you at one point was programming a wallet for KTK.
For you to post what you have, is pretty annoying. So if I don't post news within a few days, the buy walls are gone and so too is the coin? shiiiiiiiiit I might as well stop now!
Looking at the rough numbers on the explorer, Bittrex has approx 4M KTK, that leaves a whole lot that's
not on exchanges, I'll leave you to come to your own conclusions on that one.
Go and check the coins released in just the last 30 days on Altcoin Herold
http://altcoinherald.com/altcoin-launch-calendar/ and then count how many turned out to be scams, devs going awol etc. Then decide if KryptKoin is one of the few altcoins that is different.
So no, regardless of what happens with trading. It's not gone/dead or however else you want to put it. As long as I'm still here it's far from dead.