where is that sell volume coming from :S
Sadly there was no real volume on the buy book, so the autosells and panic sales were enough to eat through the buy orders at various points. Next pause without any serious buying will be 11/10 imho.
Not great news, but its just the volume of sells vs buys. There may be a group of people here that believe in the long term of this coin, but they dont have enough BTC to soak up every coin being sold, and even if they did - they may as well let it drift lower if they want as many of them as possible before the upside they believe in occurs. This has now moved to a very long term hold imho. Just as some here have said, it may now be a few months before we start to see real value return. If lotto gets accepeted on the payments site, and the casinos arrive etc, it may help move upward. For now, for me, its probably mine something else, and hold what LOT I have left for the long term, buying LOT with any spare BTC exchanged from other coins.
EDIT: The buy order at 1 satoshi just jumped from 10BTC to 40BTC. Good luck to the people who added to that. There are now 4 Billion coins on that 1 satoshi order. Which is over 25% of the coins expected to be made, ever. No chance what so ever people are getting those orders filled for a few years imho.
Looks like I missed out on expanding my stock!
