let me look at the price after 1 day of trading there (well almost 1 day of trading): 1301.
We were trading at around a steady 1450 to 1500 before. You think we are going to stop going down from 1301. Nope, the whales are going to take us down.
Thanks to all of you who voted on getting us on Cryptsy.
Our only way out of this is a huge marketing blitz.
Lol. I don't know how many times I've warned against adding new coins to multiple large exchanges it's too much pressure for the coin to handle. Eventually yes you want to be on all the big exchanges but there is such a thing as too soon. When the coin was added to mintpal it stopped its rising momentum dead in its tracks, then it gets added to cryptsy and it drops again. Do we see a pattern here folks?? The people pushing for everyone to vote are the people with a ton of coin that they want to dump.
One way to solve this issue is to raise the mining difficulty. I remember just 2 weeks ago there were just 48 million outstanding, now its 52 million. More miners are noticing the coin. If we raise the difficulty, it would begin to slow down the amount of coins pushed into circulation and cause most miners to mine some where else if its not profitable.
We don't need more miners and we don't need a flood of coins in circulation.
On a positive note, the Dev's are doing an outstanding job running the business. I feel in 6-12 months, we will be looking bitcoin in the eye.