Re: HoboNickels - HBN - High Fast Stake - Version 1.5. Come on in the water's fine!
Cryptopia still hasn't unfrozen the wallet deposits yet.
Artificial price spike since no one can add coin to the exchange. So the coins on there are "worth more".
Would be amazing is those prices stayed. I could put a down payment on a car
As soon as the wallet unlocks. Everyone will dump their coins on the price and tank the demand side. Any one not watching their buys will be left holding the bag as it falls. We only have 1.8 BTC in depth before it drops down to 140 satoshi.
Artificial price spike since no one can add coin to the exchange. So the coins on there are "worth more".
Would be amazing is those prices stayed. I could put a down payment on a car
As soon as the wallet unlocks. Everyone will dump their coins on the price and tank the demand side. Any one not watching their buys will be left holding the bag as it falls. We only have 1.8 BTC in depth before it drops down to 140 satoshi.
A counter argument, to show that it is not a totally cornered market, and would be difficult to corner.
Wallets
471,664 hbn
397,564 hbn
383,744 hbn
150,000 hbn
147,750 hbn
108,455 hbn
100,000 hbn
100,000 hbn
97,276 hbn
89,562 hbn
83,894 hbn
78,619 hbn
74,052 hbn
72,621 hbn
70,948 hbn
68,287 hbn
68,123 hbn
60,380 hbn
56,788 hbn
50,000 hbn
48,309 hbn
47,400 hbn
+ 53 more wallets of at least 10,000 hbn
So if a person tries to take the pump too far they will have to buy a lot of expensive coins.
You are right though, any new person should never buy a coin while deposits are not enabled, because the price can be run up artificially.