Just want to warn people about getting burned with this scam coin. Ive been watching SXC coin closely from the beginning. During the big pump when the price skyrocketed on cryptsy it was fairly obvious that the price was being manipulated with bots and fake buy/sell orders. Now that this coin has completely tanked and the people who pumped and dumped this coin were able to rebuy everything they sold on the cheap, are now restarting the pump. I can see the exact same tricks they used in the beginning being used again exactly the same way. This is a total scam coin. Lots of fake buy orders for tiny amounts to push down the low bids, all the sell orders constantly jump up a point in tandem the second someone buys at the previous high sell order.
If you look in the official sxc thread today lavajumper who affiliated with sexcoin and runs the biggest pool for them posts this...
"And the granddaddy, GodFather, MacPimpDaddy of them all (appears not in operation yet):
http://sexcoinbank.comDoes anyone know if this is legit or not!?! I'm investigating"
Interesting that a person who is majorly invested in sexcoin just happens to come across a domain that was only registered 7 days ago and probably only live a couple of days and only indexed in google maybe a day ago at the exact same time the price of sexcoin starts going back up to coincide with the pump. It doesnt even show up in Google unless you search for the domain name with the .com extention. Doesn't show up for sexcoin or even sexcoinbank. There is no way that lavajumper just happened to stumble across this domain. He acts like he did and is "investingating" which is total bullshit. Something stinks here.
I agree with you. I watched the Sexcoin bubble as well. There are some major hands at work in that using bots and tricks for price manipulation. Once the bubble burst, the guys used tricks and walls to make sure the price never gained ground again, and pushed it right down to the floor to rebuy.
However price manipulation will happen any time the overall market cap in a coin is low enough. This cryptocurrency world is filled with people trying to make a quick buck, and people with lots of coins will do that every time. Wouldn't you if you could?