Post
Topic
Board Announcements (Altcoins)
Re: [FCT] Factom - A General Purpose Data Protocol and Tokenization Platform
by
bitChipper
on 20/06/2019, 20:54:07 UTC

What's with the dumps? are these stolen coins?

No one really knows, it could be because of polo closing margin and some people are having to close their positions....but honestly I really dont know enough about how margin trading works to come to a conclusion.

I will say that these dumps are somewhat exclusive to poloniex which really gets me wondering.....margin trading is still available to the rest of the world for FCT...could these dumps really be coordinated to yield others to profit massively off margin trading a very low liquidity market? I don't know.... but look at the charts you will see that polo always dumped harder than bittrex. So it seems more is going on with poloniex.

It also could literally just be ANOs just dumping the created FCT they got from grants to run their business, which could equate to real world use down the road but still concerning....since we still don't see much real world use.