Paycoin was extremely overpriced and for no reason, CSC still very cheap in my opinion and not everyone looks at the updates here.
Could be someone that mined a lot 1+ years ago when price and difficulty were low and thinks its a good price to sell
Maybe.... but:
I lived well, out the fraud of GAW and Mr. Josh ...
and I remember that at the time, while some waited to paycoin reach the promised value, others were doing consecutive dumps ...
I'm not saying that's what going on here ... but I'm also not saying that is not ...
I'm just careful and nervous, with these dumps...
With Paycoin that was a bit different, my understanding is that GAW promised buying those coins at $20 or similar. With CSC nobody is promising to buy your coins for $1. Why would they have to? Many in this community have been willing to hand them over for less than $0.04 each. Huge difference there.
The rest is all my opinion, but this is why I buy and hold CSC:
To me I figure that $1 is a short term target that gets the market cap up and running enough to make it worth while for the first 16 casinos to use the program. Obviously, the longer term targets for the price of CSC are a lot higher than $1. Also I think it's important to say that I believe that this isn't some scheme where when it goes to $1 that everybody with huge amounts will sell and runs away. I believe that the casinos want to use this for the next decade at least to open up the US gambling markets and bring some of the advantages of crypto to fiat online gambling. So the prospects for early holders are quite good.
Fiat online gambling is a $41.4b/year industry with no crypto included in that total. Most of these casinos want to avoid BTC because it's too damn slow, eliminating the potential for funding impulse gambling. The branding is not gambling focussed. It's also too difficult for the average person to use directly. Show me one other crypto that has a $41.4b industry established and ready to go for a niche altcoin to capture. It's nuts. Maybe ecommerce comes close, but they have more than adequate payment options that currently exist that enables them to meet the majority of their potential customer base. Online gambling has a potential customer base much larger than their current customer base and they have been looking actively for funding solutions for the past 10 years to help them expand to meet their potential. This very well could be a perfect storm for CSC brewing. Unfortunately, I think we're going to see a repeat of people getting upset after being left behind just like when many sold all their BTC at $7 only to see it run up to $1150 over the following 18 months.
For me, I purchased most of my CSC using proceeds from mining for two years and also with BTC that I purchased with USD. I think i maybe put $3600 in all in all for 3m coins. From the beginning, I considered this a tail risk investment. It was either going to be worth $0 or some astronomical amount. No way I'm selling any time soon. OMG - Everyday I'm amazed at how cheap some people will let these coins go for. $0.02 - 0.04, amazing.
Again, just my opinion. I'm not trying to give anyone any advice here. i could be a complete nutter for all you know. hehe