Quote from: stevegreer on July 12, 2015, 09:07:16 PM

I agree with CapSer, this downtrend, though temporary I'm sure, is alarming. We were making great strides and have come too far to allow our coin to be trashed by dumpers looking to make a quick buck off of the LTC pump. That goes against the grain of our strive for this coin to be a long term investment.
One one hand, it is good that weak hands are handing over their coins for cheap, but on the other hand, losing that much value in that short of a time does not look good for potential new investors.
Now, I will be the first to admit that I am nowhere near genius level when it comes to investing, so maybe I've got it all wrong. Someone please correct me if I do so that I can learn something about it. But anyway, as a Knight, I am more than willing to forego the interest I would earn and move a few million Zeit into some walls if this action would help stabilize and prevent further losses.

The real reason why prices vary so much is because liquidity for Zeit is LOW on all markets. It wouldn't take much to crash the markets. 10M zeit is all it takes to clear out the cryptopia market on the bid side. It is only possible for the price to drop from 440 to 142 BECAUSE there are so few buyers on the bid side. A real market shouldn't gyrate +/- 20% percent just on the sale of 15 Million Zeit (esp when we have over 30 BILLION coins floating around).

With such low liquidity on the markets that we ARE on, is it any wonder that prices went the way it did? You couldn't buy a BUDGET LAPTOP with Zeit without the store crashing the prices 60% because they need to get LTC and then convert that LTC to cash to buy more wholesale laptops in fiat. If all it takes is 2 BTC worth of volume to crash prices, then I'm sorry, but we need more liquidity. Big question is, who's willing to provide it? And at what sustainable prices?

And then there's the issue that we're going to encounter major resistance from 10 to 17 satoshi level, which was our previous high from the mintpal days.

And again, look at other coins. ALL other coins besides BTC suffered from LTC dump, not just Zeitcoin. We just moved with the market.