Re: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)
I am not seeing any manipulation in this. Very low volumes traded, the gap between bids and asks are not moving much at all. So for it to jump up to 320 is not that big of a surprise. I bought some the other day at 250. Had a bid in the day before at less than that and nobody wanted to sell that low.
Look at the coin volumes over the past week, almost nothing.
Look at the coin volumes over the past week, almost nothing.
Why buy 320. 2 million coins, if right here and now sell for 250, not tomorrow . That kind of nonsense? Who's trolling ?
Raise the purchase price by 10-20 Satoshi-miners will bring you as much as you want . The miners make 7.6 million coins a day! Buy no problem how many you want! Why at the price of 250 to buy 320? 2 million coins !
With that same logic you can ask: Why are people buying now at 250 while they could at 200 a few days ago... or why are people selling at 250 while they could sell at more then 300 a few weeks ago but didn't.
Let me say this about that 2 million buy. If it was a manipulation, it did not work
I think it was someone who bought all coins from 250 to 320 because he/she thought the price would rise higher then 320 after a big buy like that. Don't forget that in the hours before around 5 orders of 1 million each were driving the price up from below 200 to 250.