Re: [ANN] ArabianChain - DubaiCoin (DBIX) - Smart Contracts from Dubai to the World
Sure, I see that. But some people have just been pouring money into this coin over the past few days and if I'm right, they're about to get burned very very badly. Right now, the sell side is about 17,000. If that number hits, 540,000 once livecoin.net redistributes those tokens....eep, watch out!
As a disclaimer, I am sitting on the sidelines with bitcoin watching what happens.
As a disclaimer, I am sitting on the sidelines with bitcoin watching what happens.
My buy-orders are already placed
But at what price though? There is no precedent for this. If we get a flood of tokens, we could be looking at some very serious damage to the price. We're talking below $1 here if we get flooded with 540,000 coins on the sell side
Them 500k dbix have been bought and sold 10 times over,,, there is no dump coming the only coins that can be potentially dumped are the mined Dbix,, about 25k.. new people have bought in and old ones have cashed out..
How do you know this? The wallet has 540k tokens in it! http://dbix-explorer.pool.sexy/addr/0x22038431b892e60e3b2f4936d119ffca114a385a
Where did you get your 25k dump from? And even if youre right, a 25k dump will more than double the current sell side of DBIX's orderbook on livecoin. That is a huge huge problem! Be careful everyone
I am going to contact livecoin to see what they plan on doing about this. Their needs to be more communication from the exchange because their actions can really damage a lot of people. A lot of people have put their life savings into this stuff and a dump of tokens could really hurt a lot of people