Re: [2014 FLAGSHIP ALT] *EarthCoin* EAC +1 Community, +1 Exec Team, +1 Best Talent

Can somebody explain to me one thing. First of all, why did the price go up, then the payout increased by 5 times? Shouldn't it go down?

And why is the price going down now? Shouldn't it actually rise, after the x5 payout day?

it is not going down... it is stable at 200 atm

and it went up because the 5x day was already priced in.

people who wanted to sell did before 5x in expectation of lower prices

people who wanted to buy waited until 5x had started, in expectation of lower prices

ergo: prices rose

It seemed to me like it was just one huge pumper buying up everything rather than many people buying slowly though.

since the volume was MUCH higher than even the cryptsy launch, this is unlikely...

sure someone might have tried to pump, but during this kind of volume, no single entity can move the price

edit: I'm trolling the chat box on coinex regularly and I remember a lot of people saying that they would buy EAC, but it made no sense to do it before the next price drop at 5x day...