Quote from: darkstaticfire on March 28, 2017, 05:36:42 PM

Quote from: aziernest on March 28, 2017, 12:45:40 PM

btw, anyone care to share insights on why the price for radium is going down, even we have an announcement of smartcontract 3.0

The price was being driven down by the scamcoin pump and dumps that were happening across the board on March 27th-28th. Most of the coins that made money yesterday were of no utility. People were dumping good coins to try to cash in on the pumps. The graphs all correlate if you take a look.

On Poloniex, look at Coin 2.0 at March 28, 7:30~, and rads around the same time. Huge 500% dump on Coin 2.0 and subsequent dump of Rads, obviously someone was trying to cash in on that 500% pump. We were steadily gaining value until that point.

I think throughout today and tomorrow we will see a rise in Rads, hopefully these mass hysteria of scam coin pump and dumps is over for now.

I think you nailed it. Just when I thought traders were starting to look for quality, it turns out the majority of them on Poloniex are just mindless grubs looking for a quick buck. I was really surprised to see the serious projects getting slaughtered like that.

XBC will likely keep people tossing good money after bad for a few days because the pumper likely had most of the 90K supply. Once the sell side has about half that amount it will likely become unprofitable to keep pumping it and we will see a massive crash. Then hopefully sanity will be restored. In the meantime, seems there are good deals to be had.