I've watched the trading... if anything the bots are attempting to make the price seem higher than it really is. MY sense was this was the founders trying to sell for >30 cents a token.
I'd see 2k sell around 30 cents and then suddenly several buy orders of 3-5 tokens would happen implying the price was higher.
LdN
Yeah I was half being sarcastic too since it's been said over and over it looks by volume to be some manipulation...
The fact he explained that whole thing just made it sound like he KNOWS we're dumb...he doesn't realize people have already discussed spreads and artificially holding the price up already 10 times over.
I don't think it's a ponzi scheme or a scam, but rather taking advantage of the trend in both mj and crypto especially ICO's....
They're living the good life currently while lots of poor saps put in some hard earned/saved money only to see it crash. Part of me supports that shot of reality because too many new comers think it's a get rich market which is only driving the bubble and is just sad in general for the whole concept of blockchain technology...although the thirst for money should drive some real innovations hopefully....
The other part of me is annoyed that ICO developers now a days don't give a crap about real utility and making sure codes are bullet proof and have a working product. They may not be scamming away with our money, but you know for freaking sure they're not eating top ramen the past couple months....