I dont understand actions of many people... more like dont understand "why" they wont use more head...
DOGEs are very attractive and now besides fact that hashrate growth VERY, interest in buying loads of those coins grew even more....
even now mining will give hard times because of difficulty rising drasticly... so I am asking WHY people are selling this coin so cheap?? Its like bulleting into own head ...
OK i understand - some might panic... some might be just automats... but hell as long many will be selling so cheap... as faster it will be way less profitable...
There is Huge demand... and supply just from automats/panickers .... as faster everyone will understand that simply this coin wont go on low price because of growing interest ... as faster the price will stabilize :/
People - get little more nervous on hold and have more balls :/
there are a few miners our there with HUGE holdings (only 5% of addresses hold 95% of all coins) so it makes sense if they can make several big sales over time for a little doge-cost-averaging and get profits with what they have mined. I don't have any statistics to prove that...just seems like a possibility...
But I agree the dumpers will keep the DOGE from the moon...but that's OK, dumping provides opportunity for others to become significant holders if they cannot mine too quickly...