Judge Crypto must be dumping all his coins lol
Doubt it, why would he be holding a forum discussion for a coin he don't care about anymore?
I don't disagree, but he was about ready to sell the other day --in a public forum and bragged about it. Anyway, someone just dumped. I think if we just pull any sell orders, they will be butthurt when this starts to go back up. Think they are hoping for additional cheap coins...
I just don't get why someone who holds so many coins and is very active on the forum would say that then in the same paragraph say they decided not? If anything that is the epitome of fear, uncertainty and doubt.
I am trying to wrap my head around his motivation.
1. He doesn't actually hold that many coins and is just butthurt about the devs leaving him out of the loop on the WP and wanted to get back at them. (Highly unlikely)
2. He does hold that many coins and was just trying to buy more coins. But that would just kill the value of all his other coins (Unlikely)
3. I have absolutely no clue why he did it.
This I do know. If we don't sell anything --or put orders about 3K, they (I am not saying this is Judge) will be forced to buy back at that level. Some are posting cheap coins for sale below that, but I do see a line and the amount are small. So that is a good signal.
Also, I see him at 9BTC on 3K, so what they are going to try and do is push the price down with panic sellers and buy back up with the amounts they dumped. Very basic strategy. They will most likely push they sells and buys in and out and perhaps smaller chuncks, but this is what they are trying to do. No doubt. But hey, it's trading!
? THINK?
