Quote from: minereum on April 27, 2020, 11:28:31 PM

Quote from: XXXJAYXXX on April 27, 2020, 10:50:39 PM

Quote from: Driendy on April 27, 2020, 09:39:12 PM

Guys what is this kindertrading we see on livecoin. The prices are like at 45cent per coin but it's enough to sell like 1000 coins, the price drop straight by 50%. There is hardly any buyers on the market but the prices are gone up like crazy. This price increase is totally useless, and will end up in 90% correction with massive hit against the trust MNE managed to achieve to date.

This is what happens when an asset has no liquidity. There are very few coins on the market(they are all locked in genesis wallets), so the price pumps because no one can sell. There are basically no sellers.. only buyers.. so the price pumps easily with just a few coins being bought... Simple supply metrics.. you are just thinking of it backwards... I will also admit that I feel somewhat sorry for the people buying the small amounts of coins at these prices. They are kind of un-smart....

You are forgetting that all the normal addresses v1 balances were taken to v2:

https://bitcointalk.org/index.php?topic=4495159.msg54077755#msg54077755

It's gone down. With 1000 coins the prices will drop by 50-70%. Imagine just 200$ of liquidation we go back to almost nowhere.