Post
Topic
Board Announcements (Altcoins)
Re: [IPO-ANN][NEON] :: Neon :: The Most Advanced Second Generation Currency
by
timjs
on 07/01/2014, 03:08:08 UTC
The last thing in the world we ever need are spineless founders. That will crush this kind of currency considering how significant the founders are economically speaking for its development.

Exactly. Look what just happened to NXT. Some of the top dogs decided to take their money and cashed out big time. The market cap dropped off, and it scared away a bunch of people.

It's always easier to get frightened into cashing out when you stand to lose more as well.

When high stake holders cash out, they affect the market. This makes everyone nervous, and suddenly very little money gets put back in to the market to recoup what the high stake holders took.