Post
Topic
Board Announcements (Altcoins)
Re: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign
by
Martin958
on 09/12/2017, 13:26:18 UTC
Miner dump coin - by the billion

poloniex has 644.928.553 dgb sell order
bittrex has 388.282.987 dgb sell order
and another exchanges not over than 100 million dgb
total = 1.133.211.540 dgb on market sell order

circulation supply is 9.516.382.139 DGB

if miner was dumping, why too small sell order on market?why?why?why?


I see a billion coins being dumped in total there. What makes you think miners aren't selling much?

What he means, is that miners can only mine around 4.7 million coins in a 24 hour period. There are obviously many more coins being exchanged on a daily basis so miners cannot be held responsible for selling too many.

When I say miner dump coin by the billion, I don't mean on a 24 hourly basis. I plucked that a bit from the air, so obviously some of the volume is normal trading selling. Overall this coin is very attractive to mine and dump, so I think it is largely responsible for the constant down trending.