Re: www.gamebet.gg Launches GameBet Coin (GBT) eSports -- SALE OVER!!!
I'm really having difficult understanding why this coin is trading below the ico price. There have been no surprises just sold development and support by the dev team. Makes 0 sense
I can explain it in simple terms. The Devs are very busy with the new web site. With the release of GBT, it needed to be listed on an exchange and Yobit was the fastest exchange to take the coin. I don't believe the Devs knew the extent of the fraud happening on Yobit. Last night, around 2am EST, I saw the chat room on Yobit talking about getting ready for a large dump. A computer bot took over the GBT on the exchange and within seconds it dropped to 5sat and then started to slowly climb higher. I have been saying this for weeks now...."We need to boycott Yobit and get the Hell away from it!"
How can that be profitable for anyone selling at 5 sats?
Easy, you dump the buy wall to the ground and it only takes a couple of BTC and then you can buy cheap all day as fools think the dump is somehow real. Obit doesn't seem to let you see the low buy?
I bet there wasn't any. Right now I can dump GBT to 300 sats for 1.4 BTC.i.e don't take yobit prices seriously...
It seems obvious to me that someone is pushing prices down to get cheap coins in anticipation of a bigger vol and rise once we are on CcEX...