I find it quite interesting that people forget where the largest amount of funds are concentrated in this market.
The largest concentration of funds, and I am talking more than 100,000 BTC ++, is being held by the traders of the crypto currency market, not the developers. In fact, if you were to dig a little deeper, youd find that all of the developers combined bring very little to the table in terms of funds and liquidity.
And, like it or not, the very survival of any coin in this market is dictated by the traders, not the developers.
Therefore, Im sure you can imagine how powerful a group of traders can be in this market, once they decide to work together, in order to take advantage of these novice developers.
You see, I mentioned in a previous post... literally the role of a trader is to be as strategic as possible so that he can buy at one price, and then sell at another. In the altcoin market, there are no holds barred when it comes to achieving this objective.
So, of course, you have traders who routinely inflict chaos on the price of a coin using certain softwares and technology all with the intent of accumulating the largest portion of that coin, and at the cheapest possible rate.
In addition to this, a developers role is to market and promote their coin even when there is a group who has manipulated the entire construct of that coins market to suit their own purposes, and will therefore stand to make tremendous profits as a result of all and any promotion that the coin receives.
This is how traders are extracting hundreds of BTC from this market every month, due to the ignorance of unskilled developers.
Please be aware and never fail to remember that 100 traders can congregate into one non-descript IRC client and literally decide the fate of each and every tradable altcoin, because volume is the lifeblood of the market and volume is what traders (not developers) bring to the table.
YES YES YES
Without us working the market every coin would be WORTHLESS
TRADERS decide to lift a coins price, developers dont have that ability
Im happy that finally traders are making more money than devs
apart from those gaw guys, no other dev made big money during the last 7 months
why? becuase we came in through the back door and took all that money before they could get their grubby hands on it