Post
Topic
Board Announcements (Altcoins)
Re: ••• [ANN][SMC] SmartCoin • KGW • Cryptsy • 9 EXCHANGES •••
by
jiapetz
on 04/03/2014, 12:12:04 UTC
Whats the point in keeping the price down?

To get more coins cheaper and cheaper, and when the time is there sell high cause i believe the person holding the value low at this moment also knows it can rise in value to make a nice profit.

^exactly this. The 1btc buy pretty much proves this. No reason for a single 1btc buy order that takes prices up 90% unless that person were adding more stock to their holdings.

Someone is definitely keeping prices down to tempt large sell orders so he can pick them up.