I have a question.
Over the weekend, about 6M shares were mysteriously placed on the ask and then bought on the bid. This occured late Saturday and Sunday in 9K, 10K and 12K blocks. What I think is happening is development is out of lock down, got their shares because they knew BTC was crashing and they have sold their allocations, sold by the way at ANY FUCKING price driving this down to .60 cents so they can get that Z06 corvette this weekend.
The spike down to .999 STS's yesterday shows massive dumping. The dumping continues today and I feel this will be under .500 STS's very soon. Funny, it should be holding gains if anything but when the volume dried up, the selling continued thus why we are down 50%
from intraday high of 1650 STS. I'm down 40% on a 100K investment and not happy.
This company is very similar to EXP and BLOCK focus on the BC technology rather than some ERC20 token associated with an app that is shit or will go BK by 2020. ARN is one of those hype ERC20 companies, but at least ARN is holding it's price in the 13's and the bottom has not completely fallen out. INS has never dipped below .95 even during all the prior corrections and seeing those blocks appear then get bought right up with no order on the book says something ain't right here and something is going
on in the background.
If this company has such huge sights for Q4, why are your developers selling their allocations at any price they can get ?
Wait for market recovery, everything will change. We are working hard on business and IT development of the project, hiring top developers, making partnerships but it's not always affect on market price, it is too speculative. You should realize it.
What i say to team.