Quote from: cryptodevil on October 03, 2017, 02:07:39 PM

Quote from: kjpd1971 on October 03, 2017, 01:52:11 PM

some of what you say makes sense... however, why on earth would the devs dumped it all at such low prices? if they truely wanted to make a killing off this they would pump up to 2000+ or so then start dumping, not get rid of it at 500 or below.

Because they've already made their profit from the hype created during the PoW mining phase. The dev team are all miners with their own farms. They could mine early when diff was low and reward was high, sell off their bags through manipulated market trading conditions and then rent out their miners on Nicehash for the remainder of the PoW period in order to get paid directly in BTC. Anything after that would be down to whether they could keep the bot trading lively enough on the market to con more newbies into buying in. Throw in a few false hopes for the occasional price spike and buy/sell on the inside knowledge of it all.

All it took was the usual steady stream of 'updates' and sock-puppet shill posts talking the project up as if it were going to be snapped up by industry whales any moment for being so...'innovative'. Except it wasn't innovative at all as there's numerous 'multi-algo' coins in, and out of, existence already. You all were merely being drip-fed 'dev' bullshit every time they copy-pasted the latest 'feature' of a web-wallet or website marketplace.

Look, don't feel ashamed for having been conned by these hucksters, but for goodness sake, don't keep on conning yourself on their behalf.

This won't be their last scam, but it should definitely be yours.

Having sold all of my mined Sigt. I have come to the conclusion that you're probably right from the start man. In Hindsight: Good job!

There wasn't much buy pressure on YoBit since I sold 50-60k per order and it blew through all the buy orders on the site.

It's a shame really, This is the first "shitcoin" I ever got interested in because of the whole POS phase and also its own marketplace. Too bad it didn't work out. Probably gonna check out Deep Onion. Oh well, live and learn, least I got my electricity back and some money for time spent.

Thanks for all your effort man. I'll be sure to check what you say with some weight next time!