Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland
The trolls on here are just trying to work up a panic to push price down so they can buy low and watch it rise. If you keep an eye on the sell orders, someones intentionally forcing it down. Look at the BTC values for each sell order. I watched it creep back to .07 in a matter of minutes..a wall of 2btc lol...then somone put in a bunch of sells at .068 and under...at less than 0.01btc in value etc to push it back down.
As i learned from last night.. it is very easy to manipulate AUR right now. So yes, i think that's exactly what is happening. Unfortunately i'm not pro trader enough to play their game.. so I'll stay out of it for tonight and do some real work..
I will put out some buy orders hoping to catch some of these games from whoever is manipulating tonight, hopefully will get some cheap coins.. Good luck to all though
Most likely a bot just running and generating random sell orders of 5 aur or less baiting in the panic sellers to let go of all their aur's. If I had the coins to mess around with, i'd do the same. Risk 100 aur's to push price down 50%...buy back 1000 aur's at the reduced value then watch it rise. Basically spent 100 to double up 1000? Sounds good to me