Right. To stop these wannabe tycoons and their silly manipulations we have to move the price up, but to do that we have to buy and hold. I don't know who's buying at 3, and I don't know if those buys are going to show as sells at 4 very soon. Eventually the exchange will collapse and likely steal all the coins they were foolish enough to leave there, but before then they'll suppress the value of Zeitcoin if we don't stop them. This is precisely why it's difficult to get out of the low single digits. Zeitcoin was close to freedom, but people stopped buying so back we go.
how did things get to this point - I haven't seen any other new coins on Mintpal with queues that look like this.
thats because there are no other coins with 50 billion in circulation that trades between 1-10 satoshi. its unique to zeit. unfortunately it is a bit daunting to new investors. what this coin needs is big time btc in the bid side as a show of support.
What's happening development wise on the coin - is dev/marketing team planning anything to encourage that kind of support?