Can anyone explain to a newbie why there is 22BTC till ICO levels? Why so much dumping? They just started, real faces, real company, lots of potential. Uphold promised to hold sell price at 1/650 - so virtually (..) no inflation with exchanges around. Yet, someone is ready to loose >30% after many months of waiting. The only explanation I can come up it, is dev dumps.
1. Because MarketCap is
too high, no real
paying customers yet.
2. 210 million
premined coins3. They aim too high for an ICO and supply.
In short, they want to liquidate their 210 million coins first before any real market moves in.