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
To be fair, those 540k coins are what livecoins has on all accounts that own dbix, those are not only sellers