Quote from: HappyLuke on July 11, 2017, 01:21:14 AM

Quote from: dzimbeck on July 11, 2017, 12:02:46 AM

Quote from: theSC4RE on July 10, 2017, 11:26:12 PM

Bitbay has also climbed up quite a bit and i guess people are cashing out.
There is also no buy support currently and I see it going down even more unfortunately. Hopefully it doesn't scare away the newcomers because a lot of them are probably sitting at a loss right now with the current price. People don't like seeing a coin's value drop by more than half

Anyone who sells alts here is a fool.

It's clear there is heavy manipulating going on. There are tons of big alts down 30% in a day. It's pretty treacherous. It's not gonna matter in the long run.

We have a new build coming out so yeah

Definitely a fool. Selling Thursday night at 40% higher than what your current Bitbay is worth and then buying it back when it hits bottom is dumb lol

Churners of course will always churn on huge dumps like this but I have been suggesting implementing mechanisms to punish churning for months on bay. The biggest issue is whale churners just create their own mass dumps at will this has always held back bay. Anyone watching the charts can observe in real time this happening constantly millions will be flash dumped with the same buy support appearing just below the end or towards the tail end of their dump. I am not sure why i observe this with bay more than with any other coin I keep an eye on constantly. I can only assume some large whales of bay are either 1 interested in holding the price down or just reason they will make more from churning over and over than letting it rise naturally. Either way if there was a way to implement tiered pos levels based upon amounts held and duration held that would make them think harder about this. Sadly it seems with pos3 there is no way to do this.

The peg will take care of this apparently but the peg will end up being initially set at a far lower price than bay deserves due to these whale churners I wish some real long term investors would snap up their coins and destroy their game and their bay holdings in one swoop. If I had a spare 50-100 btc I would love to snatch their bay away from them in one go.