I missed the Staking Do i start Staking Now With Masternode? Kindly Reply
Anyone holding B3 is going to get a surprise alright. they are forcing everyone to exchange a coin value of 1 sat for a coin of 0.2 sat. They could have used some of the BTC gained in the selloff to stabilise the kb3 price, just so it wouldnt have felt like everyone was getting ripped off at gun point but noooooo.. once that coin goes to KB3 only I think you'll find the anonymous team become a lot more anonymous. The obvious play is to rape as much as they can from this switch up and set up a new anonymous shitcoin not tarred with the scam brush.
Zetetic_man they did not exchange a 1 sat coin with 0.2 sat coins. They bundled 1000 coins to 1 coin as there were large sell walls at 1 sat and the coin was not really tradeable. So we were stuck with coins that we were not able to sell if we wanted to.
Now everyone who has 1000 b3 has an equivalent of 1 kB3 and can fill a sell order at whatever price he wants. And some people have chosen to sell those coins at less than 1000 sats. The market volume for B3 dropped and did not move to kB3, don't ask me why. But once the price started to go down people stopped buying, and when people stop buying and start selling the price drops more. It is totally the same asset they had before and nothing has changed. If you had 1% of the B3 supply you still hold 1% of the kB3 supply. It's just psychological, people think that 1 sat can't drop more but when you have 900 sats and it drops to 700 there is suddenly panic that it might go down all the way to 1 sats and that gives a downward pressure.
Whoever lost a single share of the coin due to the virtual conversion can rightfully say that it was a scam conversion, however this has not been the case and not a single coin has been lost. The market is determined by the holders and the potential investors. If you see that currently the investors are uncertain if they should invest and you hold coins, then don't sell them cheap or you will make the price go down very quickly as it did. Only 15 btc of sell orders are between kB3 and 900-1000 sats, and that is fact. If you hold and coinmarketcap updates their statistics and the new team releases news and progress and investors jump back in the price will move up very quickly.
Right now market cap is at 12 million dollars. If the decentralized exchange is even a moderate success and half of the roadmap is done do you think that this is the true value of the coin? If you think that it is then why did you invest? If you don't then buy or hold, or just wait for some spike and sell. Do whatever you think is right for your investment. Nobody is happy at the current price and I'm sure the team isn't either because they also have coins.