Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)
by
RivAngE
on 09/07/2018, 07:49:38 UTC
Quote from: freddyk on July 08, 2018, 08:57:27 AM
Quote from: Odeoke on July 08, 2018, 08:28:38 AM
Quote from: freddyk on July 08, 2018, 08:21:42 AM
Quote from: mindrust on July 08, 2018, 06:48:32 AM

Huge jump from 200 staoshi to 320satoshi almost instantly.

Remember this coin is still in its early development phase, dumb miners are dumping their earnings for easy $$$ but there are hardcore hoarders who hold millions of Ravens. At $20M market cap this almost feels like a free lambo ticket...
This is manipulation . If you were a trader , you'd see who's stupid . I've seen it happen in real time . Now the price of 260

But we can't deny the potential of this coin while this is into early development phase. This is really cheap so who are buying this with both hands they will enjoy in future with this fantastic ride.

Once again, this is manipulation . A man could have bought 250 yesterday, but he buys 2 million coins at 320 . Do not make an example of price growth from a single manipulation

Is everything a manipulation to you? This seems like a normal price action to me.

Since RVN has a relative low amount of coins in distribution and the price had fell a lot the last days, it was normal to make such a jumb if only one person would buy a huge amount. What would come after that would be miners who were holding after the price drop selling some or all of the coins they had accumulated.