Quote from: DogTheHunter on August 27, 2017, 09:23:49 AM

Quote from: Dump3er on August 27, 2017, 06:09:44 AM

Quote from: ALCTEC on August 27, 2017, 05:39:17 AM

Quote from: Shy_Bladder on August 27, 2017, 05:33:36 AM

it's pretty obvious what is happening here. The coin has had these random spikes for months but overall the price has fallen. What we're seeing is the coin supply changing hands from weak holders to the dev and his friends. Dev is purposely trying to make the coin look like vaperware to get the price to fall so he can accumulate (remember, he didn't have any ico). Every now and then he spikes the price to get rid of bagholders (the above poster is a perfect example of how this tactic works). Rinse and repeat until they've got enough coins to get insanely rich when they drop the torrent functionality.

Could well be true, but they've had over 2 years to accumulate at much lower prices and they hold a 3% premine. Also, if the coin is to have any success once torrents are dropped there needs to be some kind of distribution of the coin. If they were looking at getting rich quickly they could have pumped it earlier.

I agree, they had years to accumulate at extremely cheap prices. But then there is always the chance that they sold into every single spike and now need to repurchase those dumped coins. Could be true, you never know.

They have had the new 0.8.2.1 wallet ready for months.

Looks like they are withholding releasing it for a reason, despite saying it would be released earlier this year. So they have a working implementation of bittorrent, and so they are manipulating the market.

This means nothing, I can compile from source and change version to 0.9.1.1 or any other.