it is a whale manipulating the market on coinedup. just hold.
I am definitely holding because I'm too stubborn... but honestly no one knows where the price is going. It's always a gamble, even with this.
Whales are manipulating the price now, but whales can also manipulate the price once it hits cryptsy too right? I can see the pice jumping to 200-300 satoshi after getting on cryptsy and then crashing to 30-40 within minutes.... would not surprise me at all.
Maybe I should just hold all my meow for the rest of the year and not deal with these manipulating bastards. This coin has good support and is likely to last.. I'm considering just holding for long term like I'm holding BTC
This is why I sold out a week ago (not that I had that much, it's more about the principle) - I am still interested in following MEOW because of the community growth process is what I am tracking more than the price, but come on folks. The point of this relaunch was that there were mistakes made in the original release of the coin that allowed it to be almost instamined, so there are like 3 or 4 billion MEOW out there that were acquired for nothing or for close to 1 or 2 Satoshis. The relaunch isn't going to remove any of those coins from the market as far as I can tell, and in addition it will cut the total number of coins by half, so all it does is make their coins at least twice as valuable than they were before! Now you want to *reward these cheaters* by *buying* their coins after doing them the favor of relaunching MEOW at possibly double its value? I don't. How can you realistically believe they aren't going to see the relaunch as d-day (for dump-day), given all this. I think they should sit on them and watch as they drop under 10 satoshis, then they will finally sell for what little they can get, and they will already have missed their chance to get in on other coins the released in the meantime, with their money tied up in a MEOW cheat that didn't go anywhere.
Don't think for a second that one or more of these 'whales' aren't reading this very thread every day, and probably even trolling in it with optimistic, encouraging messages. A single message that makes people hold or buy in more MEOW could be worth an extra 10% profit to them, how can you not think this doesn't happen? It's wishful thinking to believe that they won't come in here and act all astonished and tell everyone to keep hoping etc etc. You should never rule out dishonesty as being a part of any *coin release, until you have actually thought through the whole thing and ruled it out by process of elimination. You can't rule it out with MEOW. To be fair you can't rule it out with any of them 100%, but the % is a lot lower than 100 with MEOW.
The best you can hope for is to ask CoinedUp to delist MEOW altogether and crush the price to nothing. Pull the rug out from under the scammers, let it cool off and see if you can relaunch for real in a couple weeks. Or you can hope that somehow between now and Monday, more than 2,000,000,000 MEOW get sold off by whales (the dump today was only 10% of that number!) and the price is back to something that is attractive for new buyers.