Re: [ANN] mcxNOW.com : Deposit. Earn Interest. Trade.

Yeah there's 16000 accounts but the volume just plain sucks, at a time too where volume on every other main exchange is through the roof.

It was actually picking up rather nicely until all the balances were sucked into buying mcxfees.

Seems a coincidence the trading volumes plummet after the mcxfee pre-sale ends, no?

Yeah because a large part of the User's Bitcoin was stuck in mcxFEE, so less liquidity on the market.
Add to that the huge price rise of bitcoin, and people are even less willing to spend them.

So you get a low volume for a few weeks. But there a lot of new user this days so the situation will improve quickly i think

When mcxFEEs get back up to 0.4 BTC, people will start selling them. As they sell them, they will start trading. A lot of people just aren't willing to let their 0.4 BTC FEEs go for only 0.2 BTC, at a 50% loss.

I have been told the site owner is buying up several thousands of fees often in big lots between 0.1-0.2BTC. Who would be silly enough to sell at such a loss completely evades me, unless the site owner had them in another account and just sold the fees to himself, seeing he has acquired back some 11,000 mcxFEEs at well below 0.4BTC it would indicate there is something strange going on. Perhaps to make the fees look like they were selling well during the 0.4 offering, he bought a lot with a second account and is in the process of unwinding that. I don't know, if that's the case, it would seem plausible that's all.