The market is very bad, many people slowly lose confidence
Same with every other coin out there after almost 2 years of bear market.
Exactly. In fact on most of the threads I have bags on, most posts are just complaints and incessant whining. I guess it can't be helped that people lose their shit when their coin investment lost 95% of its value. And not a single coin was spared.
Bitcoin is down a little over 50% from all time high. Byteballs are down over 98% from ath. Not exactly the same level of destruction there.
Are you sure that it is not even worse destruction for a market leader who should be bit more stable? That "little over 50% drop is f-ing 150 billion dollars gone from Bitcoin marketcap. That's billion with the B. There was lot of real hard-earned money in there. Most of Obyte holders are those who got the bytes for free, no institutional investors here.
marketcap has little to do with money in orders
150 billion dollars dump could be caused with 500 millions total sell for example. Usually this rate will be very low fir coins from #3 and lower. Like you need $100k sell to dump obyte below $1m cap