Post
Topic
Board Altcoin Discussion
Re: Damages dumping creates
by
reality18
on 21/03/2019, 01:35:28 UTC
I think there is a way to fix this dumping problem plaguing crypto space ,its very annoying to see dumpers dumping coins or tokens at a very lower price than that of the ICO price ,dumping kills coins easily ,I think developers should have some kind of deals with exchanges that won't allow people to dump coins at a particular price ,what are your thought?
This is decentralization at its full realization hence the market is set that traders are free to trade at what price they deem fit. I don't think any trader will intentionally dump a coin. The dumping of a coin has a triggering factor which in most circumstance from the creation of FUD. Some investors understand the need to hold after buying from ICO but once the FUD sets in, every investor intends to cut losses by selling at another low price.
I think the dumping must be addressed from this point of view instead of tampering with the decentralized nature of the market.