We knew that csc price would come under some pressure as some forum guy has started to sell his 1m coin stake. At some point this sale will be over and the price will be low enough for some new money to invest. Of course we could go down a bit more but I believe we are near to the buttom ;-) I remember when Darkcoins nearly collapsed just over 2 years ago and look how they shine today
Similar things could happen to csc as well :-)
He's a top 5 holder. If you check the rich list, he hasn't moved his 1m coins. So the price decline is not him. With each passing day, I have become more convinced that the activity on cryptopia looks like someone trading against themselves to paint the tape or maybe try to create a market in some automated fashion. It just doesn't look like a normal accumulation pattern. There has been no significant movement in the last 30 days among the top 50 accounts on the rich list. It just looks too much like like the same coins being passed back and forth by someone.
ANyone seen a similar pattern with other coins recently on cryptopia? It's likely he's doing it with several.
http://csc.blockexp.info/richlist