We agree, right now our order books are very thin. While this could mean trouble when the buy sides are thin, take a look at our sell side. Orders that used to be on our sell side that created "buy walls" are no longer there, and have been dumped at market value instead. We have been consistently analyzing our market's order books previously by the bittrex beta but now have been forced to use the raw api's myself as the beta is down for some reason. Viewing the order books with no limitations is vital, and the distribution was nice but again the order books are what's necessary.
So, we're low because not only having substantial sell orders pulled and dumped, but also because of POW. Traditional miners move in packs, and their only here for bitcoin. Whether or not they are even given the decision to hold is up to the pool operator (as some insta-dump), but if they are given the decision, the majority of them dump as it is. Some don't even know what they're mining at the time they just point their resources. Anyways, miners bring alot of sell pressure to the market, which we of course did not have corresponding buy pressure. This phase contributed to the recently low prices. This is why we ended POW.
also where has this money ($4000/ BTC16) went to from the credit card purchases that was meant to be used for buy support???
You're right, it did do some damage as there were a couple of times we ran out of bitcoin for buy support and had to take the system down (it happened once, we stopped it, got funding, started it back up, ran out of funding, stopped it for good). This was an easy system to accommodate as far as the market was concerned, this did not do as much damage as POW and traders with sell orders pulling and taking the loss.
The majority of that coin had to go towards paying back BTCJam for the loan acad pulled. The rest has been used for either buying us out of sub-100 points or towards buying equipment needed for R&D (ann's coming soon).
I think it is not good for this coin, I think the developers should tweak the level of reward for miners for this coin, as we see in DRK is very difficult to level lucrative reward, they dumped the price is very heavy suffered losses and almost no benefits when they want to grossed btc
Pow has been over for a while now. Please remember, this was a takeover from an older project that already had PoW as well. Securitycoin offers VPoS, where holding it in your wallet gives you a larger return each week.
Securitycoin is not Darkcoin, and the team's goals are very different. Keep your coins in your wallet, and hang tight for a couple major announcements coming very soon!