I am always torn. Fuckin assholes who play the spreads like that on cryptsy. Last time i checked there were two decent size walls, 4 and 7 btc i think. Check today, and cyptsy is back to .007, i don't see those walls. and i see 2k+ uno dumped, which was about what was being purchased. There isn't much of anything to do about it i suppose, other than try to draw awareness.
In reality, the only people who purchase huge chunks of coins like that are pump and dumpers. I would imagine any person who is in it for the long haul, someone who trades using their mind over emotions, purchases coins at varying prices trying to average out their cost per coin. Anyone who is willing to buy so many at once is even more willing to dump them imho.
Hold on Sismokesalot - don't talk non sense and bullshit here!
I am the guy with that .0073 buy order 1 ton+ wall and i got from the last dump 1 ton. A had a choice whether to leave that sell there to defense some price stability or to pull it and put it very low for much more uno. And i just left it there. And to be 100% honest i'm telling you this : I never ever sell a single gram of Un to now and you can consider me for one of the biggest long term holders. Maybe just maybe my first small portion of it i'm gonna sell NOT LESS THAN .08 or greater! And when i decide to sell some - no one even felt that because it's going to be in very small amount each sell for kilo or less !
So I tell you man i do not care if I wait 5 or 10 years!!! And I can afford this because simply I believe strongly in the Unobtanium idea .
So do not call me dumper. You do not know all the people here!
Can't sign your buy wall, i was calling no specific person out. More so a warning to those who see the walls as a sign of support. Strong support comes through the volume of btc at all prices. As all people have different valuations and speculations it makes sense to see groupings in walls, but these large walls are either someone with btc wanting to get in because they are just discovering the coin, people looking to add to their vault fast because they see it going up and not coming down, or people looking to dump because the market appears to have the support to do so. It has been my observations that most of the times if you see a large wall, once sold into, in a number of hours you will see a large dump of the coins back into the market. Nothing unique to uno. It is just opportunist. I don't know who dumped, wasn't accusing anyone, just wanting that person to know, that if they are reading this, i think them to be an asshole. That was all. They could play it a little slower if they must play it at all.
Natural cycles and such. It is not always bad as long as that money is put back into the uno markets. I have sold some uno during these past two weeks. Sold almost 50 of them!! I don't feel guilty at all. I didn't dump the 2k i purchased 3 hours ago for .8 btc profits. I pulled those profit numbers from my ass, if someone cares enough to do that math on how much they made it would be interesting. I just think the profit was too little to do such a thing. To each their own though.